Throughout this academic year, students who are majoring in Asset Management and Private Banking had the opportunity to participate in the monthly e-roundtable series meeting Senior Executives in Asset Management and Private Banking industry virtually, including Dr. King Au, Adjunct Professor at HKU Business School and Executive Director of Financial Services Development Council (FSDC), Mr. Ronald Chan, Founder and CIO of Chartwell Capital, Ms. Janet Li, Leader of Mercer Investment Advisory Asia, Mr. Ivan Wong, Managing Director and Co-head of North Asia, HSBC Private Banking, Ms. Ronie Mak, Managing Director of RS Group, and Ms. Amy Yip, member of Board of Directors of Deutsche Borse Group (the German Stock Exchange), EFG Bank, AIA Group and Prudential. This series was arranged by Prof. Anna Wong, Programme Director of Bachelor of Finance in Asset Management and Private Banking. 

In each e-roundtable, over 50 students joined, and one of them had been selected as the student moderator for the session. Students were well prepared, raised good questions and had conversations with the guest speakers on topics including the current challenges for HK in the finance market, what is value investing, the role of institutional portfolio advising, the current challenges for private banking, the growth of family offices and the importance of sustainable financing. Guest speakers also shared their career journey and tips on developing the talents most wanted by the industry. The whole series was well received, and our students have plenty of takeaways from each guest speaker.

(From left) Mr. Ivan Wong of HSBC Private Banking; Mr. Tony Au of HKU Business School

Mr. Ronald Chan of Chartwell Capital

港大经管学院龚启圣教授在知名经济学期刊《经济学杂志》发表的论文被挑选为2020年度最佳论文，因而荣获英国皇家经济学会奖。他和马驰骋博士及陈婷博士联合撰写的论文 “Long Live Keju! The Persistent Effects of China’s Civil Examination System” （中文翻译：科举万岁！中国科举制度所产生的深远影响），研究科举制度千年以来对中国的人力资本或教育成果的长远影响。

龚教授解释为何他的研究团队会致力研究中国历史以及其对中国经济发展的影响。他说：「越来越多的经济学文献显示，制度和文化能够对经济发展产生深远的影响。一个国家在被殖民统治期间受一个「差劣」的政治制度治理，例如一个未能有效约束统治者的制度，他们的长远经济发展一般也会比较差。这一点在文化方面亦同出一辙。」

科举制度是中国封建时期的一种公务员考试制度。科举制度自宋代开始发展成熟，并成为世上最早出现的「精英政治」制度模式。在被废除前，科举制度在中国已有近千年的历史。 尽管现在大家都会同意「求学不是求分数」，但古时的读书人对科举考试的狂热已经不能够以韦编三绝形容。他们会尽可能取得科举考试中最高荣誉的「进士」资格，以获得功名所带来的声望和奖励。龚教授和他的团队因此假设，科举制度可能创造了一个对学习和学术成就万分尊重的精英阶层，并随着时间推移，培育出一种独特的「文化特征」。这股文化特征即使在科举制度被废除后，依然在社会上持续了一段很长的时间。龚教授说：「科举为我们提供了一个宝贵的机会，研究一个特定的制度和文化，在一段长时间内可以产生的影响。」

龚教授补充说：「我们的研究发现，当每一万人之中出现多一名额外的进士，人均的教育年数便会在2010年时增加0.87％。现时的人均教育年数为8.72年，这代表每多一名进士，人均的教育年数便会增加一年。以此对比联合国最近估计的基准，其幅度被换算成收入差距可达1.5倍。」

透过分析历史数据，团队的研究发现「为何在某些文明中，如何将教育而非物质财富传承下一代的概念，会较其他文明更为重要。并在某程度上，反映教育对经济增长的重要性。教育可谓是国家的财富。」

龚教授在2018年7月加入港大经管学院，任职经济学教授。 他说：「我当时被院长蔡洪滨教授的真诚邀请打动，我相信我能够加入一个发展蓬勃的学术团体。 蔡院长的领导能力备受瞩目，其学术成就更是学究天人。 这些美德的结合，在学术领导中相当具吸引力。 此外，加入港大经管学院能给予我一个机会与陈志武教授等优秀的同事合作，共同制定有关中国经济史的课程。 因此，当我下定决心加入港大经管学院时，并没有一丝犹豫。」在2019年，香港大学授予龚教授苏威赵善敏基金教授席（经济史）的明德教席，以表扬及支持他在中国经济史上的学术和研究活动。

龚教授在2020年10月被任命为新一任的经济学学术领域主任。龚教授计划透过开设新的课程使学院的本科课程变得更现代化，务求协助本科生在这个讯息万变的世界中，掌握有关数据分析的技能及其他实用的知识。 为提升博士生课程的质量，龚教授亦付出了相当大的努力。在 2021至22年度，为研究生陆续开办全新的应用经济学课程，例如「经济历史与发展」丶「国际经济学/产业组织实证研究」丶「应用计量经济学」丶「中国宏观经济学研究」等。

随着数码化的数据变得唾手可得，而且电脑的运算功能与日俱增，龚教授所率领的学术领域，已准备好迎接大数据为应用经济学研究人员所带来的挑战。 龚教授已带领经济学学术领域展开招聘活动，从世界各地招揽人才，组建最强的研究团队，聘请擅长运用数据，以可理解的办法，处理不同议题的顶尖学者。

了解更多有关英国皇家经济学会奖（仅供英文版）：https://www.res.org.uk/resources-page/2020-royal-economic-society-prize.html 

2020英国皇家经济学会奖得奬者：港大经管学院龚启圣教授（中）丶港大经管学院马驰骋博士（右）及香港浸会大学陈婷博士（左）

Congratulations to our UG business students who have won the “Best Pitch Deck Award”, Top 10 & Top 25 in the Amplify Trading Global Markets Competition 2021 | APAC.

Kim Nahee, BFin(AMPB), Year 4 and Song Yunju, BBA, Year 5 won the Best Pitch Deck Award. They constructed a buy-side pitch book that aimed to help a recently established asset management firm to raise funds from potential clients following the top-down investment strategy starting from global macroeconomics trends, growth potential and broad industry sectors, and based on concrete quantitative measures to make final investment decisions.

“We think the competition is an amazing opportunity for us to experience the role of portfolio managers, allocate assets based on the market movement, and present data throughout the different market situations. We were also able to experience the roles of both a market maker and hedge fund, which allowed us to gain a well-rounded understanding of the financial market mechanisms.”

On top of the “Best Pitch Deck Award”, Yunju was also awarded top 10, while Lo Chun Yu, BSc(QFin), Year 4 and Ng Lok Shan Brendan, BSc(QFin), Year 3 were awarded top 25 in the competition.

Chun Yu is grateful to have had the opportunity to participate in this fun-filled yet insightful experience. “It was a great way to take the initiative to conduct a detailed global macro analysis, form our own investment strategy, mitigate potential risks, and most importantly to learn how to tell a good story to our hypothetical investors.”

He also thinks the experience is remarkable and recommends those interested in financial markets to join this competition. “Not only did we learn to leverage our finance knowledge and market sense, but also, the thrills of seeing our investment decisions rewarded by the market were definitely something we could not have obtained in textbooks.”

Brendan shares that the competition allowed his team to work on the presentation crafting skills. He also learned the importance of taking quick, calculated decisions to generate profit as an OTC (Over-the-counter) market maker. “Specialising in certain markets or products when making markets made it easier to match buyers and sellers. Overall, I am grateful to have this opportunity to take part in the competition and I think it was worth the time.”

The competition aims to help university students from all disciplines to gain practical understanding in the world of finance, particularly in Asset Management, Sales & Trading, Wealth Management, Hedge Fund and Research through a series of lecture videos, pitch deck presentation and trading simulations.

In the Preliminary Round of the competition, 692 teams of students from the APAC region worked in groups of two to prepare buy-side pitch decks and participated in live asset management simulation online. 38 qualified teams entered the Grand Final Round on March 21, 2021. Members of the teams were required to compete on individual basis. 76 students participated in the trading simulation competition by making multi-asset investment strategies in both the roles of a Hedge Fund Manager and a market maker based on instantaneous news.

Learn more: https://www.amplifytrading.com/competition

Congratulations to Leung Wing Yin, BBA(Acc&Fin), Year 3, taking home the Second Prize in the EY’s Young Tax Professional of the Year 2021 (Local Competition). By bringing together students from all over the world, the competition aims to demonstrate how much the tax profession has changed today and how business is managed in different cultures. The competition also exposed participants to the skills required to be tomorrow’s leaders.

Wing Yin shares that “The truly fascinating part of taxation goes beyond numbers and figures. Along with the current dynamic business environment, international tax compliance modifies from time to time. The competition enabled me to gain insight into the ever-changing tax policies in different jurisdictions and how cross-border businesses manage tax risk. In the discussion of tax, there is no absolute answer, but logical thinking and critical mindsets could help us interpret and analyze new legislative and regulatory challenges in taxation. I was glad to have this opportunity to interact with seasoned tax professionals from different backgrounds at EY and collaborate with students from other universities. This valuable experience sparked my curiosity in tax and facilitated me to advance the knowledge of the international tax system, which had certainly given me exposure for my future career development.”

The first phase of the competition took place in Hong Kong. After an online test regarding technical knowledge and reasoning, shortlisted semi-finalists were invited to give a group presentation and the top eight candidates proceeded to the Hong Kong final competition on April 7, 2021. The finalists had 30-minute preparation time for an individual case presentation followed by a Q&A section with judges.

Hong Kong finalists will be invited to join Greater China final which will take place in Beijing in June (tentative). Country finalist will then be invited to participate in the International final which will take place in Europe.

Established in 2010, the EY’s Young Tax Professional of the Year is an international competition designed to identify young talent with an interest in tax, help them enhance their professional skills and develop their careers. The competition gives participants the opportunity to share experiences with people from a range of backgrounds and cultures, and exposes them to the skills required to be tomorrow’s tax leaders.

Learn more about the competition: https://www.ey.com/en_gl/careers/ey-young-tax-professional-of-the-year

The HKU-Accenture Business Consulting Programme aims to give students the exposure to business consulting, equip them with fundamental skills and methodologies for delivering values to big enterprises. Echoing the tagline “Inspire．Empower．Lead” of the HKU Business School, the Programme has INSPIRED and EMPOWERED students to LEAD their own way to success and make a difference in the world.

The Programme complements students’ regular classroom learnings with interactive classes, putting theory into practice through case study exercises. Students also benefit from the in-depth exchanges with industry professionals.

The Programme is ended with a case competition held on March 20, 2021. In response to the impact brought by the pandemic, students were expected to suggest recommendations to a business hard hit under such climate. Judges from Accenture and HKU Business School were impressed by students’ creativity and resourcefulness.

Mr. Ravi Chhabra, Managing Director, Financial Services Hong Kong Lead, Accenture (middle) presents the prize to the Champion team. (Students from left to right) Ng Jade Joyce, BBA(Law)&LLB year 3; Jiang Zhikun, BEcon&Fin, year 2; Leung Si Yiu, BBA(Acc&Fin), year 4 and Chen Minyang, BBA(Acc&Fin), year 3

Mr. Ravi Chhabra presents The Most Innovative and Most Profitable Concept Award to the students. (Students from left to right) Xu Yikang, BEcon, year 3; Sheung Chi Long, BBA(IBGM), year 2; Ryou Soo Min, BBA, year 2; Lam Yuk Lung, BBA(Law)&LLB, year 3 and Chan Lok Yu, BBA(Law)&LLB, year 3.

Ms. Christina Wong, Managing Director, Greater China Consulting Lead, Accenture (right) presents The Best Presenter award to Ryou Soo Min, BBA, year 2 (left).

Stepping into the fifth year, this collaboration continues to groom our young generation. This year, 39 students have completed the Programme with flying colours.

HKU-NWS Joint University Case Competition 2021, co-organised by HKU Business School (the School) and NWS Holdings Limited (NWS), was successfully completed on April 11, 2021.

This year, 16 teams of elite students from City University of Hong Kong, The Chinese University of Hong Kong, The Hong Kong University of Science and Technology and The University of Hong Kong took part in the 48-hour real-life business case challenge regarding the logistics industry, which is one of the strategic businesses of NWS.

Before the competition, participating students joined an online industrial workshop. Students gained better insights into specific business of NWS as well as the logistics industry after the presentations by Ms. Irene Mak, Associate Director of NWS Holdings Limited, and Mr. Simon Chow, General Manager of ATL Logistics. Mr. Gilbert Ho, Executive Director of NWS Holdings Limited, also shared his experience in business management and views on the development opportunities of the logistics industry with students. Students enjoyed the workshop and gained an in-depth understanding of the logistics industry which better prepared them for the case cracking after a few weeks.

The Preliminary Round and Grand Final Round presentations of the competition were held on April 11. In the Preliminary Round, 16 teams were divided into four divisions and reviewed by panels of alumni judges. The top scorer in each division was advanced to the Grand Final Round to compete for the Championship.

The distinguished panel of judges for the Grand Final included Dr. Winnie Leung, Assistant Dean (Undergraduate) at HKU Business School, Mr. Eric Ma Siu-cheung, GBS, JP, Executive Director and Chief Executive Officer at NWS Holdings Limited, Professor Albert Ip, Council Member of HKUST and Independent Non-executive Director at New World Development, Professor Andy Wong, Associate Dean (Undergraduate Studies) at CUHK Business School, and Dr. Zachary Leung, Assistant Professor, Department of Management Sciences, College of Business at CityU. Students presented their case solutions to the judges by showcasing their innovative ideas and responded to penetrating questions from the judges in the Q&A session. Students from the Champion team will be offered internship opportunities at NWS.

Competition results:

Champion: Blackbird Advisory

1^st Runner-up: eLab Consulting

2^nd Runner-up: Team Cove

Best Presenter: Miss Lam Michelle Mimi Sze Ching (Blackbird Advisory)

This competition is the annual signature event of HKU International Case Society (HICS), a student-run organisation supported by the School which aims to provide a platform for students to hone their case cracking, analytical and presentation skills.

Learn more: https://ug.fbe.hku.hk/student-enrichment/non-hkusu-student-clubs/hku-international-case-society/hku-nws-joint-university-case-competition-2021

4月9日，香港大学北京中心开幕仪式在北京亚洲金融中心举行，超过170多名港大各学院教授、校友、MBA及DBA项目的学员及嘉宾出席开幕仪式，更邀请到香港特别行政区政府驻北京办事处主任梁志仁、亚洲基础建设投资银行 (亚投行) 首席经济学家Erik Berglof、清华法学院前院长王振民教授、港大经管学院副院长沈海鹏教授、北大光华管理学院副院长马力、复旦管理学院副院长殷志文教授等出席及分享，引起了大家强烈的兴趣。

在开幕仪式上，香港大学校长张翔教授发表了以《新时代 新发展 新格局》为主题的寄语，期望香港大学北京中心作为京港两地的「桥头堡」，秉承严谨的科学态度，格物创新的学术精神，积极连接内地与香港，努力创造跨界、全球化视野的创新学习平台。港大经管学院院长蔡洪滨教授致辞时亦表示，香港大学北京中心的建立具有积极的示范作用和意义，必将为香港与内地学术交流与合作赋能助力。

香港大学校长张翔教授为开幕仪式致辞。

港大经管学院院长蔡洪滨教授以视像形式参加开幕仪式。

香港大学北京中心设立在亚投行总部所在的亚洲金融大厦。一方面，这里是北京中轴线的新地标，地理位置优越，吸引了大量的国际金融、商业、文化机构落户，为优质的课堂、互动学习、社交以及研究体验创造了良好条件。另一方面，更是因其互联互通的理念，与港大北京中心「立足北京 融入中国 拥抱世界」的目标一致。

凭借北京中心得天独厚的环境和先进设施，港大经管学院将成为中国所需高端人才的培养和聚集基地。我们在港大北京中心筹办高级商管课程，将为中国云云的商业人才提供卓越的课堂体验及前沿的商业知识，学以致用、融会贯通，让学员可以在战略布局的层面上提高洞察力及适应力，在急遽变化的商业环境中占据前列。

同时, 港大经管学院将透过中心与中国其它优秀的大学密切合作，共同推动中国基础科研创新的不断提升。另外，我们也会利用自身在国际学术交流、环球人才引进、国际视野培养上的独特优势，成为中国与世界学术文化交流的重要连接者, 打造内地与国际化教育共融的理想平台。

凭借丰富的教学资源与经验，遵循立足当下，放眼全球的格局，香港大学北京中心的成立将有助港大经管学院进一步扩展我们在中国内地的知名度和影响力，加强两地在学术研究和行业实践领域的合作与交流，为各类人才开拓环球视野、提供终身学习的机会，成为香港院校与内地合作发展的典范。

香港大学北京中心设立在亚投行总部所在的亚洲金融大厦。

香港大学北京中心中庭。

香港大学北京中心为大学各成员提供优质的设备。

按此浏览香港大学北京中心简介

新冠肺炎疫情成为变革的催化剂

是次的疫情恰好发生在「第四次工业革命」时期。在新冠肺炎疫情成为焦点的同时，第四次工业革命的进程亦不断提速，商业社会的运作以及我们日常生活的模式也发生了巨大变化。近期有数据显示，对于消费和商务电子化的接纳程度，我们只用了大约八周的时间，就完成了之前需要五年才能达到的水准。银行业已完成远端销售团队的组建及过渡，并开始进行数字推广，挑战实体店存在的必要性。杂货商店已提供线上的订单和送货服务，创造出全新的运营模式和购物体验。制造业的从业员也在积极拓展全自动化厂房和供应链，务求把价值链的重心从「生产」转移到「物流」上。

在后疫情时代，我们将会见证各行各业大刀阔斧的转变，以及这些转变对行业带来的影响。追不上数字化步伐的组织和企业，在新时代中注定失败。

终身学习和自我提升

要在这段非常时期面对市场爆发性的突变，企业必须变得更有韧性，以作出高效的决策去厘定发展方向，同时在不浪费额外时间和资源的情况下，大步流星地进行创新并取得成果。企业高级管理人员必须灵活应变，接受新知识丶摒弃旧知识、重塑新技能。

有鉴于此，商学教育将会成为一段历久弥新的终身学习之旅，而高层管理教育课程将会成为一个知识枢纽，让企业高管探索创新的管理思维和务实的洞察见解。

*沈海鹏教授在 HKU-Ivey Executive Leadership Programme in Data Analytics and Big Data（DABD）上进行讲课

为协助企业高管应对当前的挑战，港大经管学院高层管理教育团队紧贴时代的步伐，以最新的市场讯息帮助企业及其管理层与时并进，占得先机，保持领先。

 高管教育如终身学习

市场的革新步伐不断加快，企业高管仅仅依赖于偶尔的进修并不足以与时并进。致力持续进修和发展是唯一出路，企业高管必须从根本上改变其思维模式。

今时今日，港大经管学院的高层管理教育与企业并肩同行，为企业及其管理层定期提供务实且度身订造的学习项目，提供与在职经验匹配的学习体验，成为他们自身发展更进一步的「踏脚石」。我们精心设计的课程模块和学习活动，使企业高管们能将课堂学习与商业实践接轨丶使他们能够将所学所想融会贯通。这一点对他们的学习进程至为关键。

*数据科学家培养项目

这种崭新的课程形式，能改变企业高管的行为模式，启发他们潜在的管理敏锐度，帮助他们快速学习及吸收新的知识，务求在短时间内取得突破。

全方位的支持和发展体验

在港大经管学院高层管理教育的课程中，学习体验有如一套完整的生态系统。学员能够从中获得学术的前沿知识丶实用的指导和支持，以及进行商业实践。

港大经管学院高层管理教育课程揉合了来自六个学术领域合共超过130名教学人员的教学经验和前沿知识。学院作为中西文化互融及亚洲思维的领导枢纽，享有独特优势。通过整合真实案例研究、项目实际演练、模拟学习及角色扮演，配合指导服务及导师的支援，加上与出色的行业领袖互动交流， 学员能学以致用，把学术和专业知识应用在现实生活当中。

*女性董事课程学员

我们的课程拥有多元且全面的支援网络，能为企业高管提供丰富的知识和经验作为参考，帮助他们面对日趋复杂和充满不确定性的商业世界。

课堂外的多元学习体验

港大经管学院高层管理教育为学员在传统课堂外，提供多方面的学习体验，为既有的学习倍添深度。

在数字化体验方面，课程透过线上会议丶影片教学丶和数字化课程的互动，为学员之间，以及他们与导师之间，提供崭新的学习和互动体验，鼓励他们走出自己的舒适圈，踏上身体和心灵的探索之旅，让他们重新认识自己。课程亦会安排学员到世界各地不同的地点上课，并在各个上课地点提供情境化的整合学习内容，协助他们建立和激发出共同的企业文化。

*商业领袖课程学员在新加坡进行企业参观及交流

这些多元化的课程内容，不论学员选择分开或同期研修，都能为身为企业高管的他们提供丰富的学习体验，使他们进一步了解自己以及自己所属的企业。

为商业丶企业高管丶以及校友群体赋能

在追踪疫情的变化、创建一套充满韧性的商业模式抵御第四次工业革命带来的冲击的过程中，企业高管可谓自顾不暇。港大经管学院高层管理教育致力于服务商业社会丶企业高管丶以及我们的校友群组，满足他们不同的需要。

在2021年，港大经管学院高层管理教育部门将会投放更多的资源发展新的学习项目，协助企业高管更有效地面对各类不可预测的情况，建立解难能力并激发他们的创意和创新潜能。我们旨在为企业高管提供全方位的支援，给他们带来更多元而高效的学习体验。

高层管理教育总监李世巍先生

As the demand for digitalisation of services is on the increase across every industry, Fintech and Insurtech have been ever-growing in the Asia Pacific region, especially due to the pandemic restricting normal business operations.

Dr. King Au, Adjunct Professor at HKU Business School and Executive Director of Financial Services Development Council (FSDC), and Axiom Managing Director Mr. Alvin Ma, who also serves as Adjunct Assistant Professor at HKU Business School, invited two representatives from the growing Fintech and Insurtech industry, Mr. Ernest Leung of virtual Fintech ‘WeLab’ and Mr. Fred Ngan of online-based virtual Insurtech ‘Bowtie’, as guest speakers to our Asset Management and Private Banking  (AMPB) capstone class.

Ernest gave a detailed explanation behind ‘virtual and digital banking’ services such as WeLab, highlighting their aim to reform what is normally a slow, lengthy process to open new bank accounts or approve loans, into something that can all be done within a few minutes: thanks to a smartphone app equipped with edge computing and facial recognition capabilities, making the lives of both clients and banking professionals easier.

Fred, meanwhile, presented the journey of his startup from idea conception to implementation over the past five years.  In Dec 2018, Fred’s effort was paid off the Hong Kong Insurance Authority (HKIA) awarding the very first virtual insurer license to Bowtie, a ‘pay as you go’ online medical insurance company offering customer-centric policies with transparency and zero commissions.

Students attending the capstone class had the opportunity to interact with the two Fintech and Insurtech experts and listen to the commentary on both Fintech and Insurtech solutions by Dr. King Au from FSDC and Prof. Anna Wong, AMPB Programme Director of HKU Business School.

In light of the 2021 AMPB cohort being the first class of graduates from HKU by the end of Spring 2021 semester, an initiative was taken to showcase and prepare future financial professionals for the workforce. Specifically, the surge in ‘Fintech’; financial-tech services that would be streamlining various aspects within private wealth management and the financial sector as a whole.

Mr. Fred Ngan of ‘Bowtie’ receives the souvenirs from HKU Business School

Mr. Ernest Leung of ‘WeLab’ receives the souvenirs from HKU Business School

From Left: Dr. King Au of FSDC; Mr. Ernest Leung of ‘WeLab’; Mr. Fred Ngan of ‘Bowtie’; Prof. Anna Wong of HKU Business School & Mr. Alvin Ma of Axiom

Dr. Shiyang Huang, Assistant Professor in Finance, is the recipient of the Faculty Outstanding Researcher Award 2020-21.

Dr. Huang’s research agenda focuses on financial economics and empirical asset pricing. He has published research papers in several academic journals including Journal of Financial Economics, Management Science and Journal of Economic Theory. He also won the best paper awards at academic conferences, including Best Paper Award at 7th Melbourne Asset Pricing Meeting, Conference Best Paper Award at China International Conference in Finance of 2019, Best Paper Award at 14th Annual Conference in Financial Economics Research by Eagle Labs (IDC) of 2017.

The Selection Committee acknowledges the high quality and quantity of Dr. Huang’s research publications, and his important contributions through novel research during his service with the University of Hong Kong.

The Faculty Outstanding Researcher Award was established to honour and reward faculty members for having done excellent research and achieved international recognition in the field of business and economics.