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Maurice Tse received a Ph.D. in Finance from Michigan State University. In 1988, when still a Ph.D. candidate, he won the All-University-Excellence in Teaching Award as a graduate course instructor. Maurice joined the School of Business at Indiana University in 1989. In 1991, he also obtained a professional qualification as an Associate of the Society of Actuaries (ASA). Maurice’s teaching has mainly been concerned with telling students how to get rich slowly but surely instead of getting rich fast.
Maurice has also been involved in teaching and consulting services to professional institutions. Since 1995, he has been an external assessor for the University Grants Committee. In 1996, while on staff at HKUST, Maurice taught the Professional Course for Equity Options Practitioners and the Diploma Course in Derivatives and Risk Management for the Stock Exchange of Hong Kong. In 1993 and 1994, he served on one of the Examination Committees in the Society of Actuaries. In 1991, he prepared the 1991 Housing Affordability Report for the Housing Finance Authority, State of Indiana, USA, to assist the state in complying with Department of Housing and Urban Development regulations.
Maurice has wide research interests, which include the effects of government regulations on the volatility and the wealth transfer in financial markets, asset pricing, corporate finance, and risk management. His current research focuses on the valuation of hybrid mortgage, signaling and corporate acquisitions, market structure and return volatility in Hong Kong, the commercial real estate market adjustment process, and the U.S. and Japanese Currency and Stock Market Responses to Japanese Merchandise Balance of Trade Announcements
Over the past 5 years, the US government's fiscal deficit has persistently exceeded $1 trillion, positioning the country among global leaders in debt levels. Economists and international institutions are concerned that the government's fiscal deficit has consistently exceeded 3% of GDP. Currently, US public debt stands close to 100% of GDP, projected to rise to 116% by 2034, posing a significant burden on the country's long-term economic development.
The World Economic Forum has identified misinformation and disinformation as the most significant short-term risks faced by the global community. Another research report suggests that the financial impact of fake news results in a $39 billion loss in the stock market annually.
The World Economic Forum has identified misinformation and disinformation as the most significant short-term risks faced by the global community. Another research report suggests that the financial impact of fake news results in a $39 billion loss in the stock market annually.
Decentralized finance (DeFi) and the virtual asset market are important sectors of the Web 3.0 ecosystem and a must-win battle for global financial cities. They bring changes to traditional investment methods, but also give rise to concerns of network security and regulations. DeFi-related investment activities often involve market participants from multiple jurisdictions, resulting in varying regulatory standards. While operators and service providers can take advantage of regulatory loopholes, regulators also find it difficult to collect relevant information. There is also a lacking of unified definitions and classification standards for cryptocurrencies, making it challenging for financial regulators in different countries to analyze and identify the authenticity of various cryptocurrency products. Global financial regulators are advocating for the principle of "same activity, same risk, same regulation" to ensure fair competition among all market participants.
Decentralized finance (DeFi) and the virtual asset market are important sectors of the Web 3.0 ecosystem and a must-win battle for global financial cities. They bring changes to traditional investment methods, but also give rise to concerns of network security and regulations. DeFi-related investment activities often involve market participants from multiple jurisdictions, resulting in varying regulatory standards. While operators and service providers can take advantage of regulatory loopholes, regulators also find it difficult to collect relevant information. There is also a lacking of unified definitions and classification standards for cryptocurrencies, making it challenging for financial regulators in different countries to analyze and identify the authenticity of various cryptocurrency products. Global financial regulators are advocating for the principle of "same activity, same risk, same regulation" to ensure fair competition among all market participants.
Ranking as a top global risk in 2024, misinformation poses severe economic threat. It distorts judgments, leading to resource misallocation and immense economic costs. Moreover, it impacts everyone, regardless of their educational background.
Ranking as a top global risk in 2024, misinformation poses severe economic threat. It distorts judgments, leading to resource misallocation and immense economic costs. Moreover, it impacts everyone, regardless of their educational background.
The scale of sustainable investing has grown rapidly, with total assets reaching US$3 trillion in 2023, demonstrating investors' increased awareness of sustainability's importance. While sustainable funds outperformed traditional funds overall in 2022, performance varied across asset classes.
可持續投資方興未艾，2023年資產總值已增至3萬億美元；可持續基金的表現勝過2022年，惟在不同資產類別卻表現不一。據美國金融服務公司晨星（Morningstar）去年12月發表的報告，若與傳統基金相比，可持續基金略見遜色。
2023年9月發布的《全球金融中心指數》報告指出，香港在全球金融中心排名維持第四位，整體評分為741分，較2022年上升19分，僅以1分之微落後於第三位的新加坡。香港的整體評分顯著上升，而且在營商環境、人力資本、金融業發展水平，以及聲譽和綜合等四方面的排名，上升至全球第四，反映在新冠疫情後，香港作為國際金融中心的持久優勢和韌性均備受肯定。
