In the Media

Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute, commented in a recent media interview that “Hong Kong does not have a solid industrial base, which hinders technology commercialisation.” However, he stressed that creating market demand for technology is vital. Hong Kong must leverage the talent and capital resources, as well as manufacturing and technology capacity in the Guangdong-Hong Kong-Macao Greater Bay Area, to accelerate economies of scale in technology commercialisation. “When there are more strategic enterprises established here, they create high-end technology positions for homegrown and overseas talent in basic science and applied science, thus fostering technology commercialization,” said Prof. Tang.

Hong Kong's economy is facing a series of significant challenges, including an ongoing fiscal deficit, not being able to fully leverage the composite advantages of the Greater Bay Area, a shrinking middle class, and a drain of international talent.

港大經管學院副院長（對外事務）鄧希煒教授表示，由於地緣政治因素，加上內地本土市場過度競爭，不少當地龍頭企業希望「出海」開拓市場。他舉例，近期來港掛牌的美的集團（00300）及順豐（06936）在內地上市多年，擇此時機在港掛牌，希望作全球部署。他直言，若只在上海或北京設置總部，內地資本管制下，資金較難投資外地，「幾十億資金難以到馬來西亞或越南」；以香港作為地區總部，就可集資及投資外地市場，擴展商業版圖。

Over the past decade, two technologies have been at the forefront of the digital revolution. The first is AI, which has seen global adoption, while the latter is the more contentious Web3, a decentralized blockchain protocol. This article will primarily focus on the latter.

What's the carbon footprint cost of AI to our planet? The cost is heavy. It's estimated that the training process of ChatGPT-4 has led to over 1,000 tons of CO² emissions. By 2030, it is projected that the AI industry will account for 3.5% of global carbon emissions.

In 2023, AI has generated over 100million songs, and it is estimated AI will take over 50% of the music market by 2030. AI technology has opened up a new era in music creation, allowing anyone to generate music through a few text commands, challenging the music industries. However, the record companies shouldn't reject AI. Instead, they can seek new business models to reshape the industry with AI.

Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute shared in an interview with the TVB Pearl programme that the trade war has deteriorated with decoupling notably underway in the technology sector like semiconductors, AI and robotics. However, he believes that Hong Kong can still capitalise the opportunities ahead, positioning the city as a centre for supply chain management and professional services such as financial services and tax advisory consulting.

Did you know that blaming others can be just as contagious as a cold? Psychological research has shown that when participants read about political failures, they are more likely to blame others, especially if they see politicians attributing their failures to outside interests. Similarly, when management easily blames employees, it sets a precedent, leading to a culture of blame within the organisation.

In a recent interview with CNA, Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute, shared that he was not surprised that Trump will raise tariffs on China. As he expected, Trump would increase tariffs on China gradually to gain bargaining power for the U.S. Increasing tariffs is an inefficient measure because they will increase the cost of production and the prices of goods for the U.S. He thinks that the U.S. tariffs on Mexico may not last for too long, as the two governments may agree on a deal soon, given the relatively smaller economic size but much more dependence on exports to the U.S. for Mexico.