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Prof. Heiwai Tang is the Victor and William Fung Professor in Economics at the University of Hong Kong (HKU), where he also serves as Director of the Asia Global Institute, Associate Vice President (Global) of the university, and Associate Dean for External Relations at the Business School. Before joining HKU, he was a tenured Associate Professor of International Economics at the School of Advanced International Studies (SAIS) of Johns Hopkins University.
He is affiliated with the Center of Economic Studies and Ifo Institute (CESifo) in Germany, the Asian Bureau of Finance and Economic Research (ABFER) in Singapore, the Kiel Institute for the World Economy in Germany, and the Globalization and Economic Policy (GEP) Center in the U.K. as a research fellow. He has consulted for organizations such as the World Bank, the International Finance Corporation, the United Nations, and the Asian Development Bank. He has also held visiting positions at the International Monetary Fund (IMF), Stanford University, the Massachusetts Institute of Technology (MIT), and Harvard University.
He has previously served as the Managing Editor of the Pacific Economic Review, and as an Associate Editor for the Journal of International Economics, the Journal of Comparative Economics, and the China Economic Review. Since 2021, he has been involved with several public and regulatory bodies in Hong Kong SAR, including the Currency Board Sub-Committee of the Hong Kong Monetary Authority’s Exchange Fund Advisory Committee, the Industry Advisory Committee of the Insurance Authority, the Securities and Futures Appeals Tribunal, the Land and Development Advisory Committee, and the Minimum Wage Commission, among others.
Heiwai holds a Ph.D. in economics from MIT and a Bachelor of Science in mathematics from UCLA. His research interests span a wide range of theoretical and empirical topics in international trade, with a specific focus on production networks, global value chains, and China. His research has been published in leading economics journals, including the American Economic Review and the Journal of International Economics. His research and opinions have been featured in the BBC, Bloomberg, China Daily, CNA, CNN, Financial Times, New York Times, Al Jazeera, Foreign Policy, South China Morning Post, and various think tanks, including the Brookings Institution and the Peterson Institute for International Economics.
Columbia-LBS-HKU EMBA: The New World Order
HKU-PKU DBA: Frontiers in Economics Research
Fudan-HKU IMBA: The New World Order
HKU: Undergraduate Common Core – China in the Global Economy; MBA – Global Economy; Master of Economics – Economic Policy
International Trade, Global Value Chains, Development Economics
The latest Policy Address proposes exploring the possibility of increasing the Exchange Fund’s gold holdings. In an interview with iCable News’ programme “財智．商傳”, Prof. Heiwai Tang, Associate Dean of HKU Business School, noted that gold currently accounts for only around 0.5% of the HKMA’s foreign exchange reserves, which is lower than the proportions held by many central banks worldwide.
In an interview with Phoenix TV, Prof. Heiwai Tang, Associate Dean of HKU Business School, described Hong Kong’s First Five-Year Plan as a plan with Hong Kong style, noting that it sets out pragmatic and clear KPIs.
With today’s unveiling of Hong Kong’s first Five Year Plan and Policy Address, new industrialisation and innovation are set to be key growth drivers. Prof. Heiwai Tang, Associate Dean of HKU Business School, told TVB News that Hong Kong should leverage its unique strengths and Greater Bay Area opportunities.
Speaking to CNA, Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute, highlighted that to successfully implement Hong Kong’s first Five-Year Plan, the Hong Kong government needs to strike a balance between its market-driven economy and long-term planning.
Hong Kong's upcoming Policy Address, to be announced on September 16, is expected to further promote AI and "Finance+" initiatives. Prof. Heiwai Tang, Associate Dean of HKU Business School, told TVB that building a strong ecosystem must come first.
With the artificial intelligence (AI) wave still in full swing, demand for compute hardware is soaring rapidly. Amid this technological revolution, Hong Kong’s import and export sector has successfully seized the opportunities of the era and shown strong growth momentum.
Hong Kong is rolling out its first-ever five-year plan by the end of September. Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute shares with South China Morning Post that Hong Kong should not be the last defender of laissez-faire.
With Hongkongers flocking north to shop, how can Hong Kong’s heritage brands survive? Speaking to Mediacorp’s Focus, Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute, says that Hong Kong’s surging labour costs have left traditional craftsman very limited room for profit.
Multiple media outlets interviewed Prof. Heiwai Tang, Associate Dean of HKU Business School, during the 11th HKU Quarterly Forum on Chinese Economy organised by the HKU Business School’s Institute of China Economy.
In an SCMP interview, Professor Heiwai Tang, Associate Dean of HKU Business School, noted that the northbound spending trend is unlikely to reverse. He said that with mainland operators benefiting from economies of scale, a price war is not sustainable.
