Intensifying extreme weather driven by global warming has severe socioeconomic impacts. In March 2024, the U.S. implemented nationwide climate disclosure rules for listed firms and in 2023 Hong Kong also strengthened oversight for transparency. While disclosures offer companies long-term benefits like reputational gains and risk mitigation, they incur costs and data leak risks.
20 Mar 2024
Faculty
When economists conduct research on certain topics, they often face challenges in collecting data from real-life situations, that meet the ideal conditions of a randomised controlled experiment. However, if randomised controlled groups exist in real-world scenarios, they would present valuable opportunities for study. Many hypotheses, such as the idea that intellectual property laws boost the opera industry can be proved in such analysis.
14 Mar 2024
Faculty
生成式人工智能(AI)工具發展日新月異,香港大學經濟及工商管理學院今日(12日)發表一項人工智能大語言模型評測綜合排行榜,通過港大深圳研究院建立評分系統,比較十多款大模型表現,顯示由中國科企百度開發的「文心一言」,在中文語境下綜合得分最高,但在「通用語言能力」卻跑輸「ChatGPT4-Turbo」,而大部分國產模型在英文語境下表現均處於「稍微劣勢」。
13 Mar 2024
Faculty
二次大戰後,全球貿易的增長持續快於全球GDP的增長,成為推動全球經濟的主要動力;同時,貿易增長較快,表示經濟體之間的互動愈來愈多,也是全球化正在進行的一個指標。然而,這個趨勢到2008年起便停止。金融海嘯後,貿易增長總的來說稍慢於GDP增長。
6 Mar 2024
Faculty
Over the past five years, the Greater Bay Area has demonstrated remarkable economic resilience, achieving steady growth despite the setback from pandemic and global uncertainties. The region's GDP has consistently expanded to over 13.5 trillion RMB, cementing its status among the top 10 economies worldwide. This GDP value places the Greater Bay Area on par with market hubs such as Canada and South Korea. Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of Asia Global Institute, shared about the Greater Bay Area's development potential in an interview with Phoenix TV. While GDP has risen, collaboration among cities has not been as close as expected earlier due to the pandemic, slowing integration progress. However, Prof. Tang expressed confidence that by strengthening cross-border partnerships, leveraging cities’ unique capabilities, and creating synergies, the region can tap vast economies of scale and unlock ample opportunities. In terms of talent visa, Professor Tang emphasizes the importance of seamless connectivity between Hong Kong and the Greater Bay Area. He believes a cooperative environment that welcomes global talent will continuously invigorate the region with fresh perspectives and ideas, propelling the region’s development forward in a sustainable manner.
1 Mar 2024
Finance
在亞洲,上海和新加坡的總部經濟發展尤為出色。上海利用其在製造業、科技和物流方面的優勢,吸引如美國特斯拉(Tesla)、德國博世(Bosch)、日本三井住友銀行(Sumitomo Mitsui Banking Corporation)、英國阿斯利康(AstraZeneca)等國際業界龍頭在當地建立總部。新加坡則積極實行人才新政和創新,以驅動發展。
28 Feb 2024
Finance
To lessen market volatility, Chinese regulators began implementing measures that affected quantitative trading strategies. These included rejecting requests to short sell, conducting on-site reviews of trading operations, and temporarily halting transaction capabilities for some firms. The restrictions had a negative impact on funds that relied on algorithmic models as they prevented executions, recalled loaned shares, and introduced unpredictability that computer systems had not anticipated. As a result, these funds experienced performance disparities when compared to wider benchmarks. Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School, shared his views on A-share market regulation in an interview with Bloomberg.
28 Feb 2024
Finance
After 3 years of the pandemic, Hong Kong's economy is still struggling to recover, despite supportive government measures. Professor Heiwai Tang, Associate Dean of HKU Business School and Director of Asia Global Institute, gave an interview to HKET iMoney and mentioned that over the past three years, Hong Kong has been lagging behind in terms of competitiveness and the quality of service industry. On the contrary, mainland China and neighbouring countries invested and improved on infrastructure quality and digital economy development. Furthermore, there is a decline in the quality of service in the retail and restaurant sectors, resulting in public dissatisfaction. Combined with cautious consumer spending due to the economic downturn, Hong Kong residents are more inclined to spend their money in neighbouring regions to seek better services and experiences. This preference for spending elsewhere further hampers the recovery process. Other interviewees believe, as the economy gradually recovers after the pandemic, businesses should consider adapting to market demands by adjusting their production and operational models, or even transforming their business strategies. Such proactive, solutions-oriented mindset will undoubtedly help mitigate risks and increase profitability. Additionally, the government should expedite the approval process for funding initiatives for SME, thus accelerating the process of productivity enhancement and the market explorations beyond Hong Kong.
27 Feb 2024
Finance