On August 27, The University of Hong Kong was thrilled to host the “CryptoFi Forum 2025”. Prof. Hongbin Cai, Dean of HKU Business School, opened the event by emphasising the importance of balancing regulation with growth in the evolving Web 3.0 landscape. He further underscored that Hong Kong’s Web 3.0 strategy should align with national priorities while seizing new opportunities in the global fintech race.

A highlight of the forum was the dynamic exchange between Prof. Chen Lin, Chair of Finance and Vice-President and Pro-Vice-Chancellor of The University of Hong Kong, and Mr. Changpeng Zhao, Founder of Binance. Their discussion sparked vibrant audience engagement as they explored stablecoins, Real-World Asset tokenisation, and the future of exchanges. Mr. Zhao described this moment as a golden opportunity for Hong Kong to take bold steps in advancing crypto finance.

We were also delighted to have Dr. Jack Jiangping Kong, Director of Hong Kong Cyberport Management Company Limited and Chairman of the Board and Chief Executive Officer of Nano Labs, Ms. Jessica Yang, CEO of MetaEra, Dr. Ming Li, the Executive Chairman of the Hong Kong Web 3.0 Standardization Association, along with other speakers sharing their views on Web 3.0 development.

Thank you to all our esteemed speakers!

香港大学经管学院第五届「大湾区学习交流课程 (Creativity, Innovation and Entrepreneurship in China，简称CIEC)」暑期线上课程已于2025年6月18日顺利闭幕。为期9天 (6月10日至18日) 的课程吸引了47名来自港大及海外院校、具有多元文化背景的学生参与，深入探讨粤港澳大湾区的经济发展、商业趋势及创业机遇。

自2019年创办以来，CIEC课程始终致力于为年轻一代提供创意、创新与创业领域的前瞻视野，与学院培养未来商业领袖的使命一脉相承。今年课程继续由两位联合总监陈炳雄教授和李晶博士带领，通过线上平台结合专题讲座、互动活动与业界实战分享，聚焦大湾区城市群发展、科技创新及香港作为国际创新枢纽的定位等议题。

课程最大特色在于紧密连接业界实际。本届课程中，团队与12家跨行业机构合作，涵盖文化艺术、资产管理、家族财富服务、房地产咨询、数字营销、旅游、教育与保育、可持续发展、社会企业、人工智能、大数据等创新科技领域。13位业界领袖通过预录访谈及现场问答，与学生分享行业经验（按合作机构英文字母顺序排列）：

• 孙珺靓先生｜Blackhills Consulting Ltd. 道远咨询有限公司 合伙人
• 张浩原先生｜Edge Development Centre联合创始人兼言语治疗师
• 邝励龄女士｜Fame Singing Academy蜚．声学院 创始人
• 鲁晓聚先生｜Gogochart Technology Ltd. 创始人兼首席执行官
• 梁颖雯女士｜Great Horse International Ltd. 上骏国际有限公司 总经理
• 林沙洲先生｜Illuminati Fine Art 明画廊总监
• 唐伟邦先生｜John Swire & Sons (H.K.) Ltd. 香港太古集团有限公司 公共事务董事
• 马楚力先生｜Luk Ka International Ltd. 力嘉国际集团有限公司 首席执行官
• 王浩宇先生｜Ming Yang Smart Energy 明阳智慧能源集团 全球战略与投资副总裁兼英国、爱尔兰及北欧首席执行官
• 罗嘉麒先生｜Ocean Park Hong Kong 香港海洋公园 市场总监
• 任骏菲女士｜Pando Finance Ltd. 潘渡金融有限公司 创始人及首席执行官
• Jean Marie Mercadal｜SYNCICAP Asset Management Ltd. 新曦资产管理有限公司 首席执行官
• 张瑞玥女士｜SYNCICAP Asset Management Ltd. 新曦资产管理有限公司 高级副总裁

课程还设有案例研讨、小组辩论及文化探索活动，来自孟加拉、加拿大、印度、意大利、菲律宾、韩国及英国等地的学生，在跨文化交流中激发创新思维。这种多元互动模式，充分体现课程培养具有全球视野的未来领袖之核心理念。

闭幕仪式上，课程联合总监陈教授与李博士感谢学生的全情投入。在系列讲座的最后一个环节，嘉宾鲁晓聚先生不仅分享商业洞见，更为个人成长提供实用建议，为课程画上圆满句号。两位总监鼓励学生保持联系，拓展CIEC全球网络。

李博士强调：「我们团队每年致力于突破传统课堂框架，通过融入大湾区最新发展动态，为学生提供充满活力的学习体验。」她特别感谢学生们以饱满热情、深刻见解及协作精神积极参与本期课程，这股能量正是课程成功的关键要素。

陈教授也对学生们在短期课程中的积极投入表示感谢：「短短十节课内，我们已经见证各位的显著成长。这无疑是迈向未来发展的重要一步。」他特别赞赏学生全心投入多元活动，无论是专注聆听嘉宾访谈，还是提出具有深度的问题以深化课堂讨论，都展现出极高的参与度。虽然课程时间有限，但对各位的个人与专业发展都具有深远意义。CIEC课程团队正在筹划连接香港、内地、欧美及亚洲的实体交流活动，进一步扩展国际网络。

更多活动花絮，请浏览：https://www.hkubs.hku.hk/ciec/gallery/。

Congratulations to Professor Jingcun Cao on being awarded the Faculty Knowledge Exchange Award 2025!

Professor Jingcun Cao is a rising young scholar in the field of Marketing.  He has been conducting research on the mobile application ecosystem since 2019, with two academic papers published and two working papers currently under review at top-tier business journals.  Beyond pursuing research excellence, he has been keenly devoted to Knowledge Exchange activities which made a profound impact on the governance and quality of the mobile applications ecosystem.

His research findings have been successfully translated into practical tools to respond to societal and policy needs, including improving the quality of digital products, promoting fair competition, and enhancing digital governance.  In particular, his development of patented deep learning algorithms has been adopted by leading platforms such as Vipshop (an online discount retailer for brands in China), Qimai Technology (mobile App analytics firm) and Shuye Information Technology (AI company in mental health) to enhance App recommendation systems, user preference modelling, and authenticity verification.

Moreover, Professor Cao has been actively engaging with external non-academic community through invited talks and consultation sessions with leading organisations such as China Emissions Exchange Guangzhou, DiDi Global, Wandoujia.com, Vipshop and Qimai Technology.  The connection he has established with the business industry and public sector is another strong indication of the impact of his work.

港大经管学院214届学位颁授典礼于2025年7月7日和8日在香港大学百周年校园大会堂隆重举行。这一为期五场的盛大典礼令所有参加者留下了独特难忘的回忆。

其中院长蔡洪滨教授的演讲鼓舞人心，令人印象深刻。毕业生们即将开展人生新的一页，蔡教授提醒他们：“拥抱变化，持续学习，化挑战为机遇。”

毕业生代表张王进、Mikkel From、谭绮文、刘柏希及 Samhith Vaidya 发表了感谢致辞，他们衷心感谢教职员工、家人和朋友在他们的求学路上一直给予的支持。他们的精彩致辞总结一众毕业生在这趟学习历程的成就，引发了观众的共鸣。虽然未来挑战重重，然而只要抱著积极乐观的态度，定能抓紧未来每一个机遇。

此次毕业典礼共有3,200多人参加，其中包括1,200名即将开启人生新篇章的毕业生，以及2,000名前来一同见证这一重要里程碑的家人和朋友们。

Congratulations to Professors Roni Michaely, Silvina Rubio, and Irene Yi on receiving the Charles River Associates Award for their paper “Voting Rationales.”

The paper examines the disclosed rationales behind institutional investors’ voting decisions and whether these disclosures affect board behavior. This award-winning study brings fresh clarity to one of corporate governance’s most important questions.

Read the full paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4521854

Explore key insights on: https://hkujcesgri.hku.hk/voting-rationales/

As a promising step toward making a difference for our students, we have signed a Memorandum of Understanding (MoU) with Societe Generale. The collaboration will provide opportunities for students, foster unique research initiatives, facilitate professional development, and offer hands-on industry experience in Finance, Banking, and Business.

On behalf of both organisations, Associate Dean of HKU Business School, Prof. Echo Wan, was joined by Mukta Arya, Chief Human Resources Officer for Asia Pacific at Societe Generale, at iCube today, along with colleagues from HKU and SG. 

Societe Generale is a top-tier European bank that has been supporting economic development for over 160 years. With its Asia Pacific regional headquarters in Hong Kong, the Bank’s expertise encompasses Global Markets, Financing and Advisory, and Trade and Payment activities.

Together, we aim to shape the next generation of leaders who are committed to moving the world forward.

To learn more about Societe Generale in Asia Pacific, visit: https://www.societegenerale.asia/en/

Mukta Arya, Chief Human Resources Officer for Asia Pacific at Societe Generale

On June 6 2025, the final round of the HSBC/HKU Asia Pacific Business Case Competition 2025 was held, reaffirming its position as the world’s largest and best business case competition globally. Organised by HKU Business School’s Asia Case Research Centre (ACRC), together with HSBC, the competition concluded at HSBC’s main building in Hong Kong. Throughout the competition week, 24 teams from 20 nations did their best to come out ahead.

The team from RMIT University (Vietnam) won the championship title, exhibiting exceptional analytical and presentation skills. University of Amsterdam (The Netherlands) secured 1st Runner Up, and Ritsumeikan Asia Pacific University’s (Japan) team won 2nd Runner Up. The 3rd Runner Up went to The University of Auckland (New Zealand). Teams competed in four rounds, tackling opportunities and challenges facing leading enterprises from across the region.

This year’s final case challenge required students to design a procurement framework aimed at enhancing diversity within HSBC’s supply chain in Asia, specifically promoting the inclusion of underrepresented groups in procurement processes. The competition also introduced an innovative “Boardroom Challenge,” where teams had to propose initiatives to attract visitors from their respective home markets to Hong Kong, demonstrating their ability to integrate cultural insights into market-driven strategies.

Beyond competitive engagement, students participated in experiential learning through interaction with local NGOs, deepening their understanding of socioeconomic barriers to inclusion. These activities enriched their perspectives on corporate social responsibility and ethical leadership.

Professor Hongbin Cai, Dean of HKU Business School, emphasised the competition’s enduring impact, saying: “This event continues to nurture the next generation of business leaders, equipping them with the intellectual agility and problem-solving capabilities necessary for addressing global challenges.”

Through its longstanding partnership with HSBC, HKU Business School remains committed to fostering innovative thinking, practical business education, and international collaboration.

Learn more about the ACRC and the Competition at: https://competition.acrc.hku.hk/

恭喜贾鹤教授荣获2024-25年度「学院杰出研究学者奖」！贾教授是主要从事数字平台中的视觉营销和促销设计等领域的经济学家。现任香港大学经济学副教授，过去五年，贾鹤教授已有四篇高水准研究获刊登于国际顶尖学术期刊，成就备受肯定。

港大经管学院荣幸地邀请到科大讯飞股份有限公司董事长刘庆峰教授，担任2025年5月27日举行的“港大经管学院领袖企业家讲坛系列 2025年 – 第四讲”主讲嘉宾，与港大经管学院经济学实务教授毛振华教授进行一场深入且充满启发性的对话。两位围绕“通用人工智能的技术发展和典型应用”主题，探讨人工智能在全球科技博弈中的关键角色，剖析认知大模型的演进历程和通用大模型基础的最新突破，并分析当前人工智能产业的发展趋势，为与会者带来前沿视角与深刻的商业洞见，激发对科技创新与产业转型的深思。

刘教授针对人工智能的快速发展，引用数家领先企业的研究报告，阐述其对人才结构的深远影响。他指出，全球平均18% 的工作可能由AI自动化完成，影响约3亿个全职职位，根据报告预测，AI将创造1.7亿个新工作机会，同时取代9200万个现有职位，净增7800万个就业机会。此外，业界预计，具备超越诺贝尔奖得者智力的强大AI系统将于2026-2027年间问世。同时，截至2024年底，中国生成式人工智能产品的用户规模已高达2.49亿人，占总人口的17.7%。

随后，刘教授分享中文语音合成技术已臻成熟，并广泛应用于新闻播报。多间主流媒体亦已普遍采用语音合成技术，结合多样化形象的AI虚拟主播进行新闻报导。他特别提到，在万物互联时代，具备解耦复杂语音讯号能力的语音识别系统至关重要。集团通过将语音属性解耦等预训练方法与大模型相结合，大幅提升复杂语音讯号的辨识准确率，显著提升会议记录效率。

刘教授深信，大模型的历史意义不亚于个人计算机与网络的诞生。他概述以大模型为基础的通用人工智能的七大技术维度为：文本生成、语言理解、知识问答、逻辑推理、数学能力、代码能力及多模态能力。这些维度推动了多项革命性应用，包括：

• 改变信息分发与获取模式
• 革新内容生产流程
• 实现全自然交互完成任务
• 提供专家级虚拟助手
• 颠覆传统手工编程方式
• 加速科研工作进展

面对美国对中国高端算力芯片的日益严格限制，集团采用结合评语模式和细粒度回馈的强化学习技术，开发国产平台强化学习算法包，提升全国产化算力深度推理模型的训练效率。刘教授更特别分享集团于本年初推出“星火X1”- 国内首个基于快慢思考统一模型训练推理方法的创新成果。作为自主可控的底座模型，“星火X1”为教育、医疗、工业、金融等多个产业场景提供针对性解决方案，大大提升应用成效。

主题演讲接近尾声时，刘教授寄语会众：“未来不是属于AI，而是属于掌握AI的新人类！”。他强调，掌握AI技能将成为每位学生的必备能力之一，而教育的使命在于培养适应未来社会的新一代人才。人工智能与教育的深度融合不仅是技术进步的必然趋势，也是教育创新的关键动力。

作为本学年最后一场讲坛，此次活动为学院与业界领袖的交流画下圆满句号。刘教授的分享不仅展现了AI技术的前沿进展，并为与会者带来深刻启发，激励年轻学子与业界人士积极拥抱AI，探索科技与产业融合的无限可能，为未来发展注入强劲动力。

近日，香港大学经管学院朱未名教授入选全球极具影响力的商学院教育媒体Poets&Quants评选的“2025年全球40位40岁以下顶尖MBA教授“榜单。

朱教授取得的成就，体现了港大经管学院持续吸收并支持多元化、高水平教育团队的承诺。港大经管学院拥有来自超过22个国家、超过210位教师的多元化教育团队。这些优秀的教育人才仍在不断提升港大经管学院在亚太乃至全球作为顶尖学院的声誉。

36岁的朱教授是香港大学经管学院创新及信息管理学副教授，同时担任高层管理教育公开课程总监，其教学模式深受学生好评，不仅内容高度实用，而且极具前瞻性，比如他会在课堂上讲述如何使用ChatGPT进行编程等面向未来的工作技能。

在加入香港大学之前，朱教授曾任IESE商学院生产、技术与运营管理系副教授，并曾在麻省理工学院（MIT）的数据、系统与社会研究所（IDSS）担任访问教授。他的研究聚焦市场运营、城市交通和供应链金融领域，其研发的优惠券实时分配算法和共享单车模拟系统已被多家企业应用于日常运营决策。

朱教授的研究成果也在许多顶级期刊上发表，并多次获得最佳论文奖。他还曾荣获香港大学“杰出教师奖（研究生教学）“。

严肃的教学之外，朱教授拥有一个有趣而乐于思考的灵魂：

• “如果不当教授，我想当漫画家“：朱教授坦言非常喜欢绘画，同时也认同尤瓦尔赫拉利在《人类简史》描述的“好故事”在人类社会中的力量。在课堂中会使用”剧情式案例教学”和“引导式提问”同MBA学生进行互动。在激发课堂活力的同时，引起同学反思，并借此阐明关键知识点。
• 企业需要“减少算法厌恶“：朱教授指出，企业在AI应用中的障碍不仅源于技术，更在于员工对机器的不信任。在AI时代，企业应帮助团队在高效利用AI技术的同时，保持批判性思维与独立判断，并在组织内部贯彻人文关怀。
• 最喜欢MBA学生带来的多元化视角：朱教授享受与来自不同背景的学生交流，但也坦言在技术快速发展的背景下保持课程内容的相关性是最具挑战性的部分。

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