{"id":55096,"date":"2020-08-31T05:04:19","date_gmt":"2020-08-30T21:04:19","guid":{"rendered":"https:\/\/www.fbe.hku.hk\/thought-leadership\/hkej-column\/"},"modified":"2020-11-26T18:51:05","modified_gmt":"2020-11-26T10:51:05","slug":"hkej-column","status":"publish","type":"page","link":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/","title":{"rendered":"\u4fe1\u62a5\u9f99\u864e\u5c71\u4e0b\u4e13\u680f"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"55096\" class=\"elementor elementor-55096 elementor-49754\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e54c747 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e54c747\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0ec626c\" data-id=\"0ec626c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-348613b elementor-widget elementor-widget-shortcode\" data-id=\"348613b\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><section class=\"wgl_cpt_section\" id=\"thought_leadership_listing_container\"><div class=\"blog-posts\"><div class=\"container-grid row blog_masonry blog_columns-1  grid blog-style-standard\"><div class='wgl_col-12 item fadeInUp animated' data-animate='fadeInUp'><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/impact.hkubs.hku.hk\/\" class=\"blog-post_feature-link \"><img fetchpriority=\"high\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/250723\/shutterstock_1346114726_edit2-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u63a2\u7d22\u300aImpact Factors\u300b \u6d1e\u5bdf\u771f\u77e5\u707c\u89c1\uff01\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/impact.hkubs.hku.hk\/\" class=\"blog-post_feature-link\">\u63a2\u7d22\u300aImpact Factors\u300b \u6d1e\u5bdf\u771f\u77e5\u707c\u89c1\uff01<\/a><\/div><div class=\"article-content\">If we knew what it was we were doing, it would not be called research, would it? -- Albert Einstein<\/div><div class=\"blog-post_datetime\">1 Jun 2026<\/div><div class=\"blog-post_category\">\u6559\u5b66\u4eba\u5458<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/impact.hkubs.hku.hk\/\">Impact Factors<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class='blog-posts'><div class='container-grid row blog_columns-4 grid blog-style-standard'><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=0><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/doi.org\/10.1016\/j.jdeveco.2026.103877\" class=\"blog-post_feature-link \"><img decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/264948\/pub_202701_ECON_LimG_The-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"The Green Revolution and Individualism: Evidence from Indonesia\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/doi.org\/10.1016\/j.jdeveco.2026.103877\" class=\"blog-post_feature-link\">The Green Revolution and Individualism: Evidence from Indonesia<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/gedeon-j-lim\/\">Prof. Gedeon J. LIM<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">This paper studies the effects of the Green Revolution, one of the largest development projects in the late 20th Century, on individualism. We use a difference-in-differences approach to investigate how rapid technological and organizational changes in traditional agriculture reshaped cultural norms in Indonesia, where Green Revolution rollout was largely driven by centralized government interventions. Regions with greater exposure to Green Revolution policies experienced significant and persistent increases in individualism (as measured by a higher prevalence of infrequent names) decades after the end of the program. Results are not driven by pre-trends and hold across a battery of robustness checks. We further document suggestive, correlational evidence of a persistent fall in community funding for public goods, a key measure of collective action. Our findings suggest that technical change can lead to rapid and persistent changes in culture.<\/div><div class=\"blog-post_datetime\">January 2027<\/div><div class=\"blog-post_category\">Journal of Development Economics<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/doi.org\/10.1016\/j.jdeveco.2026.103877\">External Link<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=1><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.economist.com\/graphic-detail\/2026\/08\/18\/does-ai-stop-children-from-learning\" class=\"blog-post_feature-link \"><img decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/267603\/Prof.-Yanhui-Wu_Economist-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"AI\u4f1a\u963b\u788d\u513f\u7ae5\u5b66\u4e60\u5417\uff1f\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.economist.com\/graphic-detail\/2026\/08\/18\/does-ai-stop-children-from-learning\" class=\"blog-post_feature-link\">AI\u4f1a\u963b\u788d\u513f\u7ae5\u5b66\u4e60\u5417\uff1f<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/yanhui-wu\/\">Prof. Yanhui WU<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u7ecf\u6d4e\u5b66\u53ca\u7ba1\u7406\u4e0e\u7b56\u7565\u6559\u6388\u5434\u5ef6\u6656\u4e0e\u7814\u7a76\u56e2\u961f\u8ffd\u8e2a26,811\u540d\u4e2d\u5b66\u751f\u8fbe30\u4e2a\u6708\uff0c\u53d1\u73b0AI\u4ee4\u529f\u8bfe\u6210\u7ee9\u4e0a\u534718%\uff0c\u8003\u8bd5\u6210\u7ee9\u5374\u4e0b\u8dcc20%\u3002<\/div><div class=\"blog-post_datetime\">18 Sep 2026<\/div><div class=\"blog-post_category\">\u6559\u5b66\u4eba\u5458<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/www.economist.com\/graphic-detail\/2026\/08\/18\/does-ai-stop-children-from-learning\">\u7ecf\u6d4e\u5b66\u4eba\uff08\u82f1\u6587\uff09<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=2><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/ft-chinese-column\/as-the-floor-lifts-and-the-ceiling-fades-four-engines-and-the-great-divergence-in-the-ai-era\/\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/267570\/Gemini_Generated_Image_ia1aw0ia1aw0ia1a-680x440-c.jpeg\" class=\"attachment-event-thumbnail\" alt=\"\u4e0b\u9650\u62ac\u5347\uff0c\u4e0a\u9650\u6d88\u5931 \u4eba\u5de5\u667a\u80fd\u65f6\u4ee3\u7684\u56db\u79cd\u9a71\u52a8\u529b\u4e0e\u5927\u5206\u5316\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/ft-chinese-column\/as-the-floor-lifts-and-the-ceiling-fades-four-engines-and-the-great-divergence-in-the-ai-era\/\" class=\"blog-post_feature-link\">\u4e0b\u9650\u62ac\u5347\uff0c\u4e0a\u9650\u6d88\u5931 \u4eba\u5de5\u667a\u80fd\u65f6\u4ee3\u7684\u56db\u79cd\u9a71\u52a8\u529b\u4e0e\u5927\u5206\u5316<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/tc\/people\/jin-li-2\/\">Prof. Jin LI<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u4eba\u4eec\u5bc4\u671bAI\u7684\u53d1\u5c55\u80fd\u591f\u666e\u60e0\u5404\u5c42\u7ea7\u7684\u80fd\u529b\u3002\u4e8b\u5b9e\u4e0a\uff0cAI\u4e00\u65b9\u9762\u6b63\u5728\u8ba9\u666e\u901a\u80fd\u529b\u8d8b\u540c\uff0c\u53e6\u4e00\u65b9\u9762\u6b63\u5728\u62d4\u9ad8\u5353\u8d8a\u80fd\u529b\u7684\u4e0a\u9650\u3002\u80fd\u529b\u7684\u4e0b\u9650\u6b63\u5728\u62ac\u5347\uff0c\u800c\u80fd\u529b\u7684\u4e0a\u9650\u5374\u6b63\u5728\u6d88\u5931\u3002<\/div><div class=\"blog-post_datetime\">3 Sep 2026<\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=3><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/global-imbalances-are-made-at-home\/\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/267392\/generated-image-680x440-c.png\" class=\"attachment-event-thumbnail\" alt=\"\u5404\u56fd\u81ea\u5bb6\u70ae\u5236\u5168\u7403\u5931\u8861\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/global-imbalances-are-made-at-home\/\" class=\"blog-post_feature-link\">\u5404\u56fd\u81ea\u5bb6\u70ae\u5236\u5168\u7403\u5931\u8861<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/steven-alan-barnett\/\">Prof. Steven Alan BARNETT<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u5168\u7403\u5931\u8861\u53c8\u518d\u5377\u571f\u91cd\u6765\uff0c\u540e\u679c\u4e4b\u4e00\u662f\u8d38\u6613\u5173\u7cfb\u7d27\u5f20\uff0c\u5176\u4e2d\u6d89\u53ca\u4e0d\u516c\u5e73\u8d38\u6613\u6307\u63a7\u3001\u62a5\u590d\u5a01\u80c1\uff0c\u4ee5\u53ca\u5173\u7a0e\u53ca\u51fa\u53e3\u9650\u5236\u7b49\u4e0d\u65ad\u5347\u7ea7\u7684\u8d38\u6613\u58c1\u5792\u3002\u7d27\u5f20\u5c40\u52bf\u56fa\u7136\u6e90\u81ea\u4f17\u591a\u65b9\u9762\uff0c\u5305\u62ec\u653f\u6cbb\u56e0\u7d20\u3002<\/div><div class=\"blog-post_datetime\">2 Sep 2026<\/div><div class=\"blog-post_category\">\u6559\u5b66\u4eba\u5458<\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=4><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.channelnewsasia.com\/watch\/sheins-shares-end-flat-in-hong-kong-market-debut-6355121\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/267616\/2026.09.04_-Prof.-Rujing-Meng-Interview-with-CNA-scaled-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"Shein\u9999\u6e2f\u4e0a\u5e02\u9996\u65e5\u80a1\u4ef7\u5e73\u6536\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.channelnewsasia.com\/watch\/sheins-shares-end-flat-in-hong-kong-market-debut-6355121\" class=\"blog-post_feature-link\">Shein\u9999\u6e2f\u4e0a\u5e02\u9996\u65e5\u80a1\u4ef7\u5e73\u6536<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/rujing-meng-2\/\">Prof. Rujing MENG<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\"><\/div><div class=\"blog-post_datetime\">1 Sep 2026<\/div><div class=\"blog-post_category\">\u6559\u5b66\u4eba\u5458<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/www.channelnewsasia.com\/watch\/sheins-shares-end-flat-in-hong-kong-market-debut-6355121\">CNA\uff08\u82f1\u6587\uff09<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=5><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/doi.org\/10.1016\/j.jmoneco.2026.103965\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/264919\/pub_202609_ECON_LuoY_Optimal-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"Optimal Monetary Policy with Confounding Information\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/doi.org\/10.1016\/j.jmoneco.2026.103965\" class=\"blog-post_feature-link\">Optimal Monetary Policy with Confounding Information<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/yulei-luo\/\">Prof. Yulei LUO<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">In this paper, we study optimal monetary policy in an economy where firms\u2019 price-setting decisions are distorted by a signal-extraction problem: they cannot perfectly distinguish aggregate from idiosyncratic shocks based on noisy local information. This systematic misattribution of aggregate shocks to firm-specific factors generates an additional price response, implying that strict price stability is no longer optimal. Instead, the optimal policy fully stabilizes the output gap, which necessarily requires accommodating fluctuations in the price level. The cyclicality of the optimal price level depends on the source of firms\u2019 incomplete information: learning from local demand signals implies a procyclical price level, whereas learning from local productivity signals yields a countercyclical one.<\/div><div class=\"blog-post_datetime\">September 2026<\/div><div class=\"blog-post_category\">Journal of Monetary Economics<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/doi.org\/10.1016\/j.jmoneco.2026.103965\">External Link<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=6><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/news.mingpao.com\/pns\/%E8%A6%81%E8%81%9E\/article\/20260830\/s00001\/1788026847338\/%E5%81%A5%E8%BA%AB%E6%A5%AD%E7%8F%BE%E5%A4%9A%E6%8E%A1%E6%9C%88%E8%B2%BB-%E7%B1%B2%E9%98%B2%E7%B5%90%E6%A5%AD%E6%8D%B2%E6%AC%BE-%E8%A6%8F%E7%AE%A1%E9%A0%90%E7%B9%B3%E8%AB%AE%E8%A9%A2%E6%98%8E%E7%B5%90%E6%9D%9F-%E8%AD%B0%E5%93%A1%E5%80%A1%E7%A0%94%E6%A9%9F%E5%88%B6%E6%87%89%E5%B0%8D%E5%80%92%E9%96%89\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/267423\/2026.09.01_MingPao_Dr.-Vera-Yuen-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u5546\u6237\u7a81\u7136\u7ed3\u4e1a\uff0c\u98ce\u9669\u7531\u8c01\u627f\u62c5\uff1f\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/news.mingpao.com\/pns\/%E8%A6%81%E8%81%9E\/article\/20260830\/s00001\/1788026847338\/%E5%81%A5%E8%BA%AB%E6%A5%AD%E7%8F%BE%E5%A4%9A%E6%8E%A1%E6%9C%88%E8%B2%BB-%E7%B1%B2%E9%98%B2%E7%B5%90%E6%A5%AD%E6%8D%B2%E6%AC%BE-%E8%A6%8F%E7%AE%A1%E9%A0%90%E7%B9%B3%E8%AB%AE%E8%A9%A2%E6%98%8E%E7%B5%90%E6%9D%9F-%E8%AD%B0%E5%93%A1%E5%80%A1%E7%A0%94%E6%A9%9F%E5%88%B6%E6%87%89%E5%B0%8D%E5%80%92%E9%96%89\" class=\"blog-post_feature-link\">\u5546\u6237\u7a81\u7136\u7ed3\u4e1a\uff0c\u98ce\u9669\u7531\u8c01\u627f\u62c5\uff1f<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/vera-wing-han-yuen\/\">Dr. Vera Wing-han YUEN<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u653f\u5e9c\u5c31\u89c4\u7ba1\u9884\u7f34\u5f0f\u6d88\u8d39\u5c55\u5f00\u7684\u4e24\u4e2a\u6708\u516c\u4f17\u8c18\u8be2\uff0c\u5df2\u4e8e\u516b\u6708\u4e09\u5341\u4e00\u65e5\u7ed3\u675f\u3002\u5f53\u5c40\u5efa\u8bae\u89c4\u7ba1\u7f8e\u5bb9\u53ca\u5065\u8eab\u4e24\u4e2a\u884c\u4e1a\u7684\u9884\u7f34\u5f0f\u6d88\u8d39\uff0c\u5305\u62ec\u8bbe\u7acb\u4e03\u4e2a\u5386\u65e5\u7684\u6cd5\u5b9a\u51b7\u9759\u671f\u53ca\u5341\u56db\u4e2a\u5386\u65e5\u7684\u9000\u6b3e\u671f\uff0c\u5e76\u5c06\u5408\u7ea6\u671f\u4e0a\u9650\u8ba2\u4e3a\u4e24\u5e74\u3002<\/div><div class=\"blog-post_datetime\">30 Aug 2026<\/div><div class=\"blog-post_category\">\u6559\u5b66\u4eba\u5458<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/news.mingpao.com\/pns\/%E8%A6%81%E8%81%9E\/article\/20260830\/s00001\/1788026847338\/%E5%81%A5%E8%BA%AB%E6%A5%AD%E7%8F%BE%E5%A4%9A%E6%8E%A1%E6%9C%88%E8%B2%BB-%E7%B1%B2%E9%98%B2%E7%B5%90%E6%A5%AD%E6%8D%B2%E6%AC%BE-%E8%A6%8F%E7%AE%A1%E9%A0%90%E7%B9%B3%E8%AB%AE%E8%A9%A2%E6%98%8E%E7%B5%90%E6%9D%9F-%E8%AD%B0%E5%93%A1%E5%80%A1%E7%A0%94%E6%A9%9F%E5%88%B6%E6%87%89%E5%B0%8D%E5%80%92%E9%96%89\">\u660e\u62a5\u62a5\u9053\uff08\u4e00\uff09<\/a><\/div><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/news.mingpao.com\/pns\/%e8%a6%81%e8%81%9e\/article\/20260830\/s00001\/1788026848214\/%e8%a1%8c%e6%a5%ad%e5%ae%88%e5%89%87%e9%bc%93%e5%8b%b5%e8%a8%ad%e5%86%b7%e9%9d%9c%e6%9c%9f-11%e9%9b%bb%e8%a8%8a%e5%95%86%e5%b7%b2%e6%8e%a1%e7%b4%8d\">\u660e\u62a5\u62a5\u9053\uff08\u4e8c\uff09<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=7><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/the-rise-of-ai-powered-fraud-rebuilding-trust-in-the-digital-age\/\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/266964\/img_2026-08-26-680x440-c.png\" class=\"attachment-event-thumbnail\" alt=\"AI\u8bc8\u9a97\u65f6\u4ee3\u5982\u4f55\u91cd\u5851\u6570\u7801\u4fe1\u4efb\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/the-rise-of-ai-powered-fraud-rebuilding-trust-in-the-digital-age\/\" class=\"blog-post_feature-link\">AI\u8bc8\u9a97\u65f6\u4ee3\u5982\u4f55\u91cd\u5851\u6570\u7801\u4fe1\u4efb<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/maurice-k-s-tse\/\">Prof. Maurice K.S. TSE<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u751f\u6210\u5f0f\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u8fc5\u901f\u666e\u53ca\uff0c\u6b63\u5728\u540c\u65f6\u6539\u53d8\u8bc8\u9a97\u72af\u7f6a\u7684\u624b\u6cd5\u4e0e\u9632\u9a97\u5de5\u4f5c\u7684\u6a21\u5f0f\u3002\u9a97\u5f92\u5982\u4eca\u80fd\u4ee5\u66f4\u4f4e\u6210\u672c\u3001\u66f4\u5feb\u901f\u5ea6\u5236\u4f5c\u6781\u4e3a\u903c\u771f\u7684\u865a\u5047\u5185\u5bb9\uff0c\u5047\u5192\u4eb2\u53cb\u4e0a\u53f8\u3001\u6295\u8d44\u4e13\u5bb6\u751a\u81f3\u653f\u5e9c\u673a\u6784\uff0c\u8bf1\u4f7f\u76ee\u6807\u5bf9\u8c61\u8f6c\u5e10\u3001\u62ab\u9732\u654f\u611f\u8d44\u6599\u6216\u6279\u51c6\u9ad8\u98ce\u9669\u4ea4\u6613\u3002<\/div><div class=\"blog-post_datetime\">26 Aug 2026<\/div><div class=\"blog-post_category\">\u6559\u5b66\u4eba\u5458<\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=8><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.hkej.com\/dailynews\/investment\/article\/4489232\/%E6%A8%93%E5%AE%87%E9%A2%A8%E9%9A%AA%E5%AE%9A%E5%83%B9+%E5%85%88%E8%A7%A3%E6%95%B8%E6%93%9A%E6%96%B7%E6%A9%8B\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/267016\/4489232_062f78f464144c2243ea493aa1bfb92f_620-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u697c\u5b87\u98ce\u9669\u5b9a\u4ef7 \u5148\u89e3\u6570\u636e\u65ad\u6865\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.hkej.com\/dailynews\/investment\/article\/4489232\/%E6%A8%93%E5%AE%87%E9%A2%A8%E9%9A%AA%E5%AE%9A%E5%83%B9+%E5%85%88%E8%A7%A3%E6%95%B8%E6%93%9A%E6%96%B7%E6%A9%8B\" class=\"blog-post_feature-link\">\u697c\u5b87\u98ce\u9669\u5b9a\u4ef7 \u5148\u89e3\u6570\u636e\u65ad\u6865<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/roy-tan\/\">Prof. Roy Liang TAN<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u4e00\u95f4\u4e3a\u7269\u4e1a\u7ba1\u7406\u5904\u505a\u6570\u4f4d\u5316\u5de1\u68c0\u7684\u9999\u6e2f\u521d\u521b\u516c\u53f8Transible Lab\uff0c\u6700\u8fd1\u5728MBA Capstone\u8bfe\u7a0b\u4e2d\u83b7\u4e00\u4e2a\u5c0f\u7ec4\u8c03\u7814\u3002\u8be5\u516c\u53f83\u4f4d\u8054\u5408\u521b\u529e\u4eba\u7684\u80cc\u666f\u6a2a\u8de8\u4ea7\u54c1\u8bbe\u8ba1\u3001\u5de5\u7a0b\u548c\u5730\u4ea7\uff1b\u9879\u76ee\u5236\u4ea4\u4ed8\u505a\u7740\u505a\u7740\uff0c\u4ed6\u4eec\u78b0\u5230\u4e86\u672c\u680f\u6b64\u524d\u8c08\u8fc7\u7684\u201c\u9879\u76ee\u9677\u9631\u201d\uff0c\u5374\u4e5f\u56e0\u6b64\u649e\u89c1\u4e00\u4e2a\u66f4\u5927\u7684\u53cd\u5dee\u3002<\/div><div class=\"blog-post_datetime\">21 Aug 2026<\/div><div class=\"blog-post_category\">\u6559\u5b66\u4eba\u5458<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/www.hkej.com\/dailynews\/investment\/article\/4489232\/%E6%A8%93%E5%AE%87%E9%A2%A8%E9%9A%AA%E5%AE%9A%E5%83%B9+%E5%85%88%E8%A7%A3%E6%95%B8%E6%93%9A%E6%96%B7%E6%A9%8B\">\u4fe1\u62a5\u8d22\u7ecf\u65b0\u95fb<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"pagination acenter\"><span aria-current=\"page\" class=\"page-numbers current\">1<\/span><a class=\"page-numbers\" href=\"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/pages\/55096\/?pg=2&\">2<\/a><a class=\"page-numbers\" href=\"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/pages\/55096\/?pg=3&\">3<\/a><span class=\"page-numbers dots\">&hellip;<\/span><a class=\"page-numbers\" href=\"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/pages\/55096\/?pg=175&\">175<\/a><a class=\"next page-numbers\" href=\"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/pages\/55096\/?pg=2&\"><i class=\"arrow right\"><\/i><span class=\"sr-only\">\u4e0b\u4e00\u9875<\/span><\/a><input type=\"text\" aria-label=\"\u8f93\u5165\u9875\u6570\" class=\"page-textbox\"><div class=\"max-page-number\">\/175<\/div><\/div><\/section><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85264f1 elementor-widget elementor-widget-shortcode\" data-id=\"85264f1\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><div class='thought-listing-bottom' id='thought-listing-bottom-container'><div class='thought-listing-bottom-content'><div class='title h5'>\u4e13\u680f\u4f5c\u8005<\/div><div class='container'><div class='row author-thumbnail-list'><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/54457\/LIM-Gedeon_web-scaled-e1604677210357-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Gedeon J. LIM\" \/><div class=\"people-info\"><p>Prof. Gedeon J. LIM<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/67381\/Dr_Yulei_LUO_2019-scaled-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Yulei LUO\" \/><div class=\"people-info\"><p>Prof. Yulei LUO<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/171454\/Dr.-Jiantao-Huang_Final-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Jiantao HUANG\" \/><div class=\"people-info\"><p>Prof. Jiantao HUANG<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/80864\/0HKU_0072_2019-2-scaled-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Wing SUEN\" \/><div class=\"people-info\"><p>Prof. Wing SUEN<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/216075\/Weixin-Image_20240718133847-scaled-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Bo YANG\" \/><div class=\"people-info\"><p>Prof. Bo YANG<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/171990\/Chu_junhong-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Junhong CHU\" \/><div class=\"people-info\"><p>Prof. Junhong CHU<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/215941\/Parkmijie-scaled-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Minje PARK\" \/><div class=\"people-info\"><p>Prof. Minje PARK<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/226932\/shen-max-1-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Z. Max SHEN\" \/><div class=\"people-info\"><p>Prof. Z. Max SHEN<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/187092\/FBE-website-profile_-Dr.-Hongye-Guo-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Hongye GUO\" \/><div class=\"people-info\"><p>Prof. Hongye GUO<\/p><\/div><\/div><\/div><\/div><div class='row author-details-list'><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Gedeon J. LIM<\/div><p class='author-info-position'>Assistant Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b66\u672f\u8bba\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jdeveco.2026.103877\">The Green Revolution and Individualism: Evidence from Indonesia<\/a><\/div><div class=\"blog-post_datetime\"><span>January 2027<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Yulei LUO<\/div><p class='author-info-position'>Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b66\u672f\u8bba\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jmoneco.2026.103965\">Optimal Monetary Policy with Confounding Information<\/a><\/div><div class=\"blog-post_datetime\"><span>September 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jmoneco.2025.103767\">Production and Inventory Dynamics under Ambiguity Aversion<\/a><\/div><div class=\"blog-post_datetime\"><span>June 2025<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jet.2024.105922\">Ambiguity, Information Processing, and Financial Intermediation<\/a><\/div><div class=\"blog-post_datetime\"><span>December 2024<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Jiantao HUANG<\/div><p class='author-info-position'>Assistant Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b66\u672f\u8bba\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1111\/jofi.70044\">Consumption in Asset Returns<\/a><\/div><div class=\"blog-post_datetime\"><span>August 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jeconom.2025.106066\">Model Uncertainty in the Cross-Section of Stock Returns<\/a><\/div><div class=\"blog-post_datetime\"><span>July 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1111\/jofi.13197\">Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models<\/a><\/div><div class=\"blog-post_datetime\"><span>February 2023<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Wing SUEN<\/div><p class='author-info-position'>Chair of Economics<\/p><p class='author-info-position'>Henry G Leong Professor in Economics<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b66\u672f\u8bba\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1111\/iere.70066\">Signaling Vision: Knowing When to Quit<\/a><\/div><div class=\"blog-post_datetime\"><span>August 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1111\/iere.12591\">Gaming a Selective Admissions System<\/a><\/div><div class=\"blog-post_datetime\"><span>February 2023<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.3982\/ECTA19210\">Signaling under Double-Crossing Preferences<\/a><\/div><div class=\"blog-post_datetime\"><span>May 2022<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Bo YANG<\/div><p class='author-info-position'>Assistant Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b66\u672f\u8bba\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1002\/smj.70083\">Information-Seeking Lobbying and Strategic Stockpiling under Trade Policy Uncertainty<\/a><\/div><div class=\"blog-post_datetime\"><span>August 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1057\/s41267-025-00800-3\">Navigating Geopolitical Risks: How U.S. Firms Adjust Supply Chains Amid U.S.\u2013China Rivalry<\/a><\/div><div class=\"blog-post_datetime\"><span>September 2025<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Junhong CHU<\/div><p class='author-info-position'>Assistant Dean (EMBA International Stream)<\/p><p class='author-info-position'>Professor<\/p><p class='author-info-position'>Associate Director, Centre for Innovation and Entrepreneurship<\/p><p class='author-info-position'>Associate Director, HKU Jockey Club Enterprise Sustainability Global Research Institute<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b66\u672f\u8bba\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/mksc.2023.0561\">The Design of Centralized Matching Systems on Two-Sided Platforms: Evidence from the Ride-Hailing Market<\/a><\/div><div class=\"blog-post_datetime\"><span>July- August 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/mksc.2024.0922\">Bargaining and Network Effects in Two-Sided Platforms: Evidence from Online Healthcare<\/a><\/div><div class=\"blog-post_datetime\"><span>March - April 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1007\/s11747-024-01010-3\">Soothing the Unsatisfied or Pleasing the Satisfied? The Effects of Managerial Responses to Positive versus Negative Reviews on Customer Ratings and Financial Performance<\/a><\/div><div class=\"blog-post_datetime\"><span>February 2026<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Minje PARK<\/div><p class='author-info-position'>Assistant Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b66\u672f\u8bba\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/msom.2024.1353\">Cancer Screening Outreach Guided by Machine Learning: The Benefits of Proactive Care<\/a><\/div><div class=\"blog-post_datetime\"><span>July - August 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/msom.2023.0297\">Linking Medication Errors to Drug Shortages: Evidence from Heparin Supply Chain Disruptions Caused by Hurricane Maria<\/a><\/div><div class=\"blog-post_datetime\"><span>July - August 2025<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Z. Max SHEN<\/div><p class='author-info-position'>Chair Professor (by Courtesy)<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b66\u672f\u8bba\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/msom.2023.0412\">Strategic Data Analytics Under Supplier Encroachment<\/a><\/div><div class=\"blog-post_datetime\"><span>July - August 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/msom.2024.0894\">Penalizing Lateness or Sharing Cost: Project Outsourcing via Request-for-Quote<\/a><\/div><div class=\"blog-post_datetime\"><span>May - June 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/opre.2023.0427\">Integrated Conditional Estimation-Optimization<\/a><\/div><div class=\"blog-post_datetime\"><span>May - June 2026<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Hongye GUO<\/div><p class='author-info-position'>Assistant Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b66\u672f\u8bba\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1257\/aer.20221351\">Identifying Preference for Early Resolution from Asset Prices<\/a><\/div><div class=\"blog-post_datetime\"><span>June 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1093\/rfs\/hhaf020\">Earnings Extrapolation and Predictable Stock Market Returns<\/a><\/div><div class=\"blog-post_datetime\"><span>June 2025<\/span><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d5f1c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d5f1c7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f70cf09\" data-id=\"f70cf09\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":55092,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"thought-leadership-listing.php","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-55096","page","type-page","status-publish","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"We investigate how U.S. firms adapt their supply chains in China in response to geopolitical risks from the U.S.\u2013China rivalry. 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Thus, U.S. firms might seek to balance political legitimacy at home with the economic benefits derived from China when making supplier decisions.","inLanguage":"zh-CN","isPartOf":{"@id":"https:\/\/www.hkubs.hku.hk\/sc\/#website"},"breadcrumb":{"@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/latest-research-publications\/navigating-geopolitical-risks-how-u-s-firms-adjust-supply-chains-amid-u-s-china-rivalry\/#breadcrumblist"},"datePublished":"2025-11-13T14:10:23+08:00","dateModified":"2025-11-13T14:10:23+08:00"},{"@type":"WebSite","@id":"https:\/\/www.hkubs.hku.hk\/sc\/#website","url":"https:\/\/www.hkubs.hku.hk\/sc\/","name":"HKU Business School","inLanguage":"zh-CN","publisher":{"@id":"https:\/\/www.hkubs.hku.hk\/sc\/#organization"}}]},"og:locale":"en_US","og:site_name":"HKU Business School -","og:type":"article","og:title":"Navigating Geopolitical Risks: How U.S. Firms Adjust Supply Chains Amid U.S.\u2013China Rivalry - HKU Business School","og:description":"We investigate how U.S. firms adapt their supply chains in China in response to geopolitical risks from the U.S.\u2013China rivalry. We offer a legitimacy-efficiency balancing perspective to understand firm decisions. We hypothesize that to maintain legitimacy with the home government, U.S. firms in strategic industries are more likely than those in non-strategic industries to align with the U.S. government\u2019s derisking strategy by limiting suppliers in China. However, we expect this tendency to weaken for firms with high economic dependence on China. Analyzing firm-level supplier data from 2009 to 2022, we find that the gap in the number of Chinese suppliers between strategic and non-strategic U.S. firms has widened since 2017 (the first Trump administration). Firms in strategic industries maintain fewer Chinese suppliers, potentially reflecting a more cautious approach. This disparity was initially pronounced only among Republican-leaning firms but later extended to firms across the political spectrum under the Biden administration. The gap diminished among firms with greater reliance on China for revenue or supplies, suggesting that efficiency considerations might temper the inclination to align with national strategies. Thus, U.S. firms might seek to balance political legitimacy at home with the economic benefits derived from China when making supplier decisions.","og:url":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/latest-research-publications\/navigating-geopolitical-risks-how-u-s-firms-adjust-supply-chains-amid-u-s-china-rivalry\/","article:published_time":"2025-11-13T06:10:23+00:00","article:modified_time":"2025-11-13T06:10:23+00:00","twitter:card":"summary_large_image","twitter:title":"Navigating Geopolitical Risks: How U.S. Firms Adjust Supply Chains Amid U.S.\u2013China Rivalry - HKU Business School","twitter:description":"We investigate how U.S. firms adapt their supply chains in China in response to geopolitical risks from the U.S.\u2013China rivalry. We offer a legitimacy-efficiency balancing perspective to understand firm decisions. We hypothesize that to maintain legitimacy with the home government, U.S. firms in strategic industries are more likely than those in non-strategic industries to align with the U.S. government\u2019s derisking strategy by limiting suppliers in China. However, we expect this tendency to weaken for firms with high economic dependence on China. Analyzing firm-level supplier data from 2009 to 2022, we find that the gap in the number of Chinese suppliers between strategic and non-strategic U.S. firms has widened since 2017 (the first Trump administration). Firms in strategic industries maintain fewer Chinese suppliers, potentially reflecting a more cautious approach. This disparity was initially pronounced only among Republican-leaning firms but later extended to firms across the political spectrum under the Biden administration. The gap diminished among firms with greater reliance on China for revenue or supplies, suggesting that efficiency considerations might temper the inclination to align with national strategies. Thus, U.S. firms might seek to balance political legitimacy at home with the economic benefits derived from China when making supplier decisions."},"aioseo_meta_data":{"post_id":"55096","title":"","description":"\u9999\u6e2f\u5927\u5b66\u7ecf\u7ba1\u5b66\u9662\u63d0\u4f9b\u4fe1\u62a5\u9f99\u864e\u5c71\u4e0b\u4e13\u680f \uff0c\u5206\u4eab\u6211\u4eec\u5b66\u8005\u5728\u4fe1\u62a5\u53d1\u8868\u7684\u4e0e\u7ecf\u6d4e\u548c\u5546\u4e1a\u76f8\u5173\u4e4b\u5b66\u672f\u671f\u520a\u53ca\u6587\u7ae0\u3002","keywords":[{"label":"\u4fe1\u62a5\u9f99\u864e\u5c71\u4e0b\u4e13\u680f","value":"\u4fe1\u62a5\u9f99\u864e\u5c71\u4e0b\u4e13\u680f"},{"label":"\u601d\u7ef4\u9886\u5bfc","value":"\u601d\u7ef4\u9886\u5bfc"},{"label":"\u7814\u7a76","value":"\u7814\u7a76"},{"label":"\u7ecf\u7ba1\u5b66\u9662","value":"\u7ecf\u7ba1\u5b66\u9662"},{"label":"\u5546\u5b66\u9662","value":"\u5546\u5b66\u9662"},{"label":"\u9999\u6e2f \u5927\u5b66","value":"\u9999\u6e2f \u5927\u5b66"}],"keyphrases":null,"primary_term":null,"canonical_url":"","og_title":"","og_description":"","og_object_type":"article","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":"","og_article_tags":"","twitter_use_og":false,"twitter_card":"summary","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"WebPage","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":0,"ai":null,"created":"2023-02-27 18:53:33","updated":"2023-02-28 21:05:27","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.hkubs.hku.hk\/sc\/\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"#\" title=\"Research\">Research<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/\" title=\"\u601d\u7ef4\u9886\u5bfc\">\u601d\u7ef4\u9886\u5bfc<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t\u4fe1\u62a5\u9f99\u864e\u5c71\u4e0b\u4e13\u680f\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.hkubs.hku.hk\/sc\/"},{"label":"Research","link":"#"},{"label":"\u601d\u7ef4\u9886\u5bfc","link":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/"},{"label":"\u4fe1\u62a5\u9f99\u864e\u5c71\u4e0b\u4e13\u680f","link":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/"}],"_links":{"self":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/pages\/55096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/comments?post=55096"}],"version-history":[{"count":1,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/pages\/55096\/revisions"}],"predecessor-version":[{"id":55098,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/pages\/55096\/revisions\/55098"}],"up":[{"embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/pages\/55092"}],"wp:attachment":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/media?parent=55096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}