Angie So, Author at CUHK MBA

Last chance for the Hong Kong residents to apply for intake 2021 and click here to apply by 4 July 2021!
The intake 2021 application for non-Hong Kong residents is currently closed.

Outstanding Full-time MBA Student honoured with Scholar Award

We are delighted to announce that CUHK MBA full-time student, Jez Cheng, has been awarded the Tom Gorman Charitable Foundation Scholar Award 2022/23 by the AmCham HK. With outstanding academic results, strong leadership and a commitment to community service during his studies, Jez’s achievement speaks volumes about CUHK MBA’s strengths in nurturing future leaders. We could not […]

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    We are delighted to announce that CUHK MBA full-time student, Jez Cheng, has been awarded the Tom Gorman Charitable Foundation Scholar Award 2022/23 by the AmCham HK. With outstanding academic results, strong leadership and a commitment to community service during his studies, Jez’s achievement speaks volumes about CUHK MBA’s strengths in nurturing future leaders. We could not be prouder of his well-deserved recognition.

    Intent on creating value and making a positive impact in this new post-pandemic era, Jez epitomizes the ambitious and purpose-driven graduates CUHK MBA seeks to cultivate. This incredible accomplishment is a testament to Jez’s talent, hard work and potential to become an exemplary leader for a new normal that demands vision, grit and community spirit in equal measure.

    Congratulations, Jez, on this outstanding award!

    Business Field Study Trip to Los Angeles

    Our MBA students recently embarked on a stimulating Business Field Study Trip to Los Angeles, where they were exposed to a myriad of technology innovation and entrepreneurship. This enriching experience provided students with a unique perspective, allowing them to delve deeper into their areas of interest and gain valuable insights into the latest business trends […]

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      Our MBA students recently embarked on a stimulating Business Field Study Trip to Los Angeles, where they were exposed to a myriad of technology innovation and entrepreneurship. This enriching experience provided students with a unique perspective, allowing them to delve deeper into their areas of interest and gain valuable insights into the latest business trends and practices.

      The campus tour to UCLA and company trips to Hyundai Capital America and Warner Bros. Entertainment were eye-opening. By attending the thought-provoking lectures led by professors from UCLA, engaging in dialogue with industry business leaders, and networking with alumni who are starting businesses in LA, students can forge connections with local professionals while gaining a deeper understanding of the I&E environment in LA.

      Special thanks to the team for the effort and dedication in making this study trip a success!

      2022-23 CUHK MBA Elite Mentorship Programme Appreciation Dinner

      We are delighted to announce the successful completion of the 2022-23 CUHK MBA Elite Mentorship Programme. At a recent Appreciation Dinner, we expressed our sincere gratitude to all the Mentors for their steadfast support and guidance of our MBA students. Their wealth of experience and dedication is invaluable in helping the new generation of business […]

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        We are delighted to announce the successful completion of the 2022-23 CUHK MBA Elite Mentorship Programme.

        At a recent Appreciation Dinner, we expressed our sincere gratitude to all the Mentors for their steadfast support and guidance of our MBA students. Their wealth of experience and dedication is invaluable in helping the new generation of business leaders succeed.

        The Elite Mentorship Programme is a signature highlight in the CUHK MBA journey, with many senior business leaders providing personalized guidance to help students lay a solid foundation for future success. Join our vibrant community today!

         

        Business Study Field Trip to Mauritius

        According to the index published by World Bank, Mauritius is ranked 1st in Africa for ‘Ease of Doing Business’ and is also one of Sub-Saharan African countries with the highest per capita income. These international accolades represent the country’s continuous commitment to enforce a strong legal system and maintain political stability. For these reasons, our […]

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          According to the index published by World Bank, Mauritius is ranked 1st in Africa for ‘Ease of Doing Business’ and is also one of Sub-Saharan African countries with the highest per capita income. These international accolades represent the country’s continuous commitment to enforce a strong legal system and maintain political stability.

          For these reasons, our Associate Dean of MBA Programmes, Professor Wan Wongsunwai, led our MBA students and alumni on a Business Field Trip to his home country, Mauritius, to immerse themselves in a completely new business culture and environment. They met Mr Mahen Seeruttun, the Minister of Financial Services & Good Governance, Mr Vidia Mooneegan, CEO of Ceridian, Mr Jane Claude de I’Estrac, former Minister of Foreign Affairs, former Secretary General of the Indian Ocean Commission and Professor Sanjeev K.Sohbee, the Vice Chancellor of the University of Mauritius, to learn about the macro and micro economics within the country and the region as well as the key policies that contributed to the country’s strong and consistent economic growth.

          This International Business Field trip is just one of the 3 field trips organised for our current MBA students, allowing them to experience first-hand in a culturally different business environment and enhance their knowledge through interactions with local business leaders and government officials.

              

          Adventure to Tencent Incubator in Shenzhen

          Our MBA students had an incredible experience in Shenzhen, China! During their MBA course “Venture Capital in Emerging Markets”, our students got an exclusive visit to Tencent Incubator led by the insightful course instructor, Prof. Anthony Yang. They discovered some of the most innovative startups incubating there and even had the chance to meet with […]

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            Our MBA students had an incredible experience in Shenzhen, China! During their MBA course “Venture Capital in Emerging Markets”, our students got an exclusive visit to Tencent Incubator led by the insightful course instructor, Prof. Anthony Yang. They discovered some of the most innovative startups incubating there and even had the chance to meet with venture capitalists who are investing in these exciting new companies. Not only that, but they also gained insights into how Tencent fosters entrepreneurship and fuels the growth of new businesses in the technology sector.

            Our students are now more enthusiastic about applying their knowledge to ventures and future careers. A huge thank you to Prof. Anthony Yang and the amazing team at Tencent Incubator for hosting us!

             

            Return to Campus Luncheon

            As campus life has recently returned to normal, the CUHK MBA Programmes Office was glad to host a “Return to Campus” luncheon on 11 March. Current MBA students and recent alumni from various locations returned to campus and attended in-person classes. We were also honoured to invite Prof. Lin Zhou, Dean of the CUHK Business School, […]

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              As campus life has recently returned to normal, the CUHK MBA Programmes Office was glad to host a “Return to Campus” luncheon on 11 March. Current MBA students and recent alumni from various locations returned to campus and attended in-person classes. We were also honoured to invite Prof. Lin Zhou, Dean of the CUHK Business School, to present an opening speech during the luncheon to warmly welcome all attendees.

              All CUHK MBA students and recent alumni were invited to this networking event to mingle and spend a wonderful afternoon together.

              GMAC’s Executive Assessment Now Accepted by the Chinese University of Hong Kong Business School

              The Chinese University of Hong Kong (CUHK) Business School announced today the acceptance of the Executive Assessment in their admission process for the school’s part-time MBA programme, effective immediately. The Executive Assessment (EA), offered and administered by the Graduate Management Admission Council (GMAC), a global association representing leading business schools, is an admissions exam specifically designed to help […]

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                The Chinese University of Hong Kong (CUHK) Business School announced today the acceptance of the Executive Assessment in their admission process for the school’s part-time MBA programme, effective immediately. The Executive Assessment (EA), offered and administered by the Graduate Management Admission Council (GMAC), a global association representing leading business schools, is an admissions exam specifically designed to help schools better evaluate experienced candidates. CUHK Business School is the first institution in the Greater China region to have a part-time MBA programme accepting the EA, joining more than a hundred other leading business schools worldwide that utilise the assessment in their holistic admissions process.

                “As professional MBA programmes in Asia continue to develop excellent programmes and rise in the rankings, incorporating the Executive Assessment in the admissions process will undoubtedly help business schools like CUHK grow in attracting high-quality, experienced professionals in the region and beyond,” said Ashish Bhardwaj, Senior Vice President and Head of Market Development at GMAC.

                According to GMAC’s latest annual survey on business school application trends, nearly 60 percent of responding programmes in Greater China reported increases in total applications, which marked growth for the second consecutive year. As the number of applications grows, the need to increase selectivity also rises, prompting the wider use of assessment solutions like the EA that provide transparency, efficiency, and fairness in the admission process.

                “We decided to accept Executive Assessment scores because we recognise the high quality of GMAC assessments and their value to graduate management education,” said Prof. Wan Wongsunwai, Associate Dean of MBA programmes at CUHK Business School. “We are looking for top-notch, part-time programme candidates who are experienced professionals and can meet our academic rigor, and therefore allow us to maintain the high international standards of our school.”

                The EA is a 40-question test comprised of three 30-minute sections and requires moderate preparation. It was designed with experienced applicants who have busy schedules in mind. The assessment is globally available year-round at over 600 testing centres as well as being offered online.

                “The Executive Assessment helps schools assess candidate readiness for their programmes. It also allows candidates to demonstrate their commitment to a graduate business degree,” said Elaine Albers, Senior Director of Product Management at GMAC. “CUHK Business School and hundreds of other programmes can be assured that the assessment serves as an objective tool in their admissions process.”

                About CUHK Business School

                CUHK Business School comprises two schools – Accountancy, and Hotel and Tourism Management – and four departments: Decision Sciences and Managerial Economics, Finance, Management, and Marketing. Established in Hong Kong in 1963, it was the first business school to offer BBA, MBA, and Executive MBA programmes in Asia. Today, CUHK Business School offers 10 undergraduate programmes and 20 graduate programmes, including MBA, EMBA, MAcc, MSc, MPhil, DBA, and PhD. The school currently has more than 4,600 undergraduate and postgraduate students from more than 20 countries and regions.

                In the Financial Times Executive MBA Ranking 2022, CUHK’s EMBA was ranked 24th in the world. In Financial Times Global MBA Ranking 2022, CUHK’s MBA was ranked 50th. CUHK Business School has the largest number of business alumni (more than 40,000) among universities and business schools in Hong Kong, many of whom are business leaders.

                About GMAC

                The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

                More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programmes, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programmes. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organisation with offices in China, India, the United Kingdom, and the United States.

                4 reasons why you should consider CUHK for your MBA degree

                Are you looking forward to the next chapter of your career after your early working experience? You may want to consider taking your career a step further and launching into graduate studies to climb up management positions. When looking for a great school, we have plenty of choices here in Hong Kong, and even more so […]

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                  Are you looking forward to the next chapter of your career after your early working experience? You may want to consider taking your career a step further and launching into graduate studies to climb up management positions. When looking for a great school, we have plenty of choices here in Hong Kong, and even more so when it comes to what degree to take on.

                  This is where the Chinese University of Hong Kong’s MBA programme comes in. It has a transformative and flexible curriculum tailored to fit your career aspirations, extensive alumni network, and various entrepreneurial opportunities.

                  Getting an MBA builds your leadership skills and business principles, which are beneficial no matter the career you take on later in life, especially in today’s competitive market. Read on for the reasons why CUHK’s MBA programme should be your top choice.

                  1. A world-class programme

                  CUHK’s MBA programme is a pioneer in Asia, being the first to be offered in the region. In fact, the Financial Times ranked it in the Global Top 50 MBA Programmes in 2022. It also scores first in salary percentage increases in Hong Kong.

                  The MBA programme also boasts an extensive alumni community across various industries, seniorities, and geography. It takes home the top spot in the QS Global MBA Rankings 2020 when it comes to entrepreneurship and alumni outcomes in Hong Kong.

                  Aside from the curriculum, you can also take advantage of CUHK’s standing and prestige, as it is currently ranked as the eleventh-best university in Asia, and thirty-eighth in the world according to the QS World Rankings. As of 2013, four Nobel Prize laureates are associated with the university, making it the only tertiary institution in Hong Kong with recipients of the Nobel Prize, Turing Award, Fields Medal, and Veblen Prize as faculty in residence.

                  CUHK MBA HKSTP Visit

                   

                  2. Career advancement opportunities

                  The programme is a great choice for those looking to lead, thanks to its transformative MBA experience with a flexible curriculum. Students can choose between six optional concentrations, such as business analytics, entrepreneurship and innovation, finance and information technology management, marketing, or China business. This allows students to tailor their MBA education to a specific area, ensuring that their interests are met.

                  Business analytics helps to prepare students in making data-driven decisions and how to use data for business insight and predicting market changes. The entrepreneurship and innovation concentration is the first of its kind offered in Asia—it helps students embrace entrepreneurship, innovation, and agility, and prepares them to become visionary leaders.

                  CUHK MBA Microsoft Office Visit

                   

                  Meanwhile, the information technology management area allows students to learn and make use of cutting-edge IT skills and data to develop effective business strategies. Finance is all about financial skills, with a focus on analytical and critical thinking which are essential for growth in a competitive work environment.

                  The marketing concentration is best suited for those with an interest in managerial marketing and big data marketing as well as those looking for strategic marketing knowledge and business negotiation skills. Last but not least, the China business concentration enables students to master business knowledge in China.

                  The 12- or 16-month (for full-time studies) or 24-month (for part-time studies) MBA study course also makes sure that students are equipped with insights into Asia as well as topics that are relevant in today’s digital age, including fintech, AI, big data, and more. Students also have the chance to choose elective courses in other areas they are interested in, which are not limited to business management.

                  CUHK MBA Networking Event.

                  3. Gaining international exposure and career support

                  While students will receive their education in Hong Kong, there is a range of exchange programmes, study tours, and field trips that offer international business learning experiences. These informative opportunities allow students to gain real-life exposure and first-hand insights that will not only be helpful in their studies but also in their careers.

                  Thanks to the MBA programme’s extensive alumni network, students will benefit from ample support from CUHK when they start their entrepreneurial adventure. Consider the elite mentorship programme, which offers career guidance and showcases success stories. Students will be matched with elite industry practitioners who are CUHK alumni and senior executives of reputable companies. Its 6,000-strong alumni across 40 countries have the longest history and the largest network in the city.

                  In addition, students can consider taking on dual degree programmes and gaining experience overseas, such as at the prestigious HEC in Paris, the University of Texas in Austin, or the Rotterdam School of Management, Erasmus University in the Netherlands. There are also unique advanced study options available including the JD/MBA programme, which equips students with essential legal and business knowledge for leadership roles in just 36 months. Another option is the MBA-plus degree. Students can earn one more MSc/MAcc degree with less time and tuition.

                  4. Scholarships

                  There is a wide range of merit-based scholarships available to outstanding students. This includes the CUHK MBA Excellence Scholarship which is awarded to candidates with decent academic performance. Assessment is based on solid academic and professional achievements and the performance of the interview, as well as students’ potential contributions to cohorts. The largest amount of scholarship funding is equivalent to the full tuition fee of the programme. It is always better to apply early to maximise your chance of getting the scholarships.

                  Interested to join an elite community and take your career further? If you are already considering CUHK’s MBA programme and want to learn more, be sure to join the MBA Experience Day on December 3.

                  During the event, CUHK welcomes interested candidates and early working professionals, faculty members, alumni, and current students to join in a variety of activities! These include experience-sharing sessions and masterclass tasters. Grab the chance to network, discuss, and discover how the programme fits your profile and goals. Click here to register!

                  The original article was published by Localiiz on 10 November 2022.

                  As a global recession looms, a CUHK MBA professor is adapting his teaching

                  The world is facing a perfect storm of stagflation, geopolitical conflict, and climate risk which is set to trigger a global recession. Professor Ling Cen, Associate Professor of Finance at The Chinese University of Hong Kong (CUHK), warns that these factors look set to lead to a recession that will last between 12 and 18 months. “We […]

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                    The world is facing a perfect storm of stagflation, geopolitical conflict, and climate risk which is set to trigger a global recession.

                    Professor Ling Cen, Associate Professor of Finance at The Chinese University of Hong Kong (CUHK), warns that these factors look set to lead to a recession that will last between 12 and 18 months. “We are heading for a global crisis. It is going to be very painful,” he says.

                    Prof Cen, who teaches on CUHK’s MBA programme, which is ranked in the top 50 in the Financial Times Global MBA Ranking 2022, points out that high inflation is not normally associated with a recession.

                    He attributes the current situation to the US Federal Reserve’s quantitative easing measures, first in response to the global financial crisis, and later the Covid-19 pandemic, which has seen it pump more than US$4 trillion into the economy since 2019. “This massive increase in the money supply under a low interest rate environment has triggered high inflation at a time when economic activity is not growing much,” he explains.

                    Meanwhile, economic activity has been hit by a combination of Covid-19 and geopolitical conflicts, including the US-China trade tensions and the war in Ukraine, which has led to sanctions on Russia by NATO countries. “No-one is the winner when COVID-19 and geopolitical conflicts reduce international trade and other economic interactions,” Prof Cen says.

                    At the same time, Prof Cen predicts the recent acceleration in climate change could lead to extreme winter temperatures. Although this factor is not correlated to the economic situation, he warns that the shortage of energy and food, as an outcome of the ongoing Russo-Ukrainian War, will make it worse. “By this winter, the economic recession will be fully developed, a lot of people will lose their jobs, and inflation will still be rising. Since the Russo-Ukrainian War will trigger a rising energy and wheat price, I see a very bad winter ahead of us, and a recession that will probably last 12 to 18 months, until the inflation is fully ‘corrected” by the recession.”

                    But despite the bleak outlook, Prof Cen thinks there are still opportunities for businesses in the year ahead. He explains: “With the current high level of risk, asset prices are low because the perceived risk premium is very high; the asset prices are likely to fall further when all risks gradually expose themselves” As a result, he says firms with good liquidity and high cash reserves, will have a prime opportunity to buy both financial and real assets at a discounted price, enabling them to make higher returns over the long term.

                    Adapting his teaching

                    Prof Cen is constantly adapting his teaching material to reflect the changing global economic situation. “Every instructor of MBA classes needs to incorporate the current hot topics into their lecture notes,” he says.

                    For example, he has made changes to the mergers and acquisitions (M&A) course he teaches for CUHK’s MBA programme to reflect recent moves by the US government to prevent Mainland China firms buying semi-conductor products from the US. “I would expect Chinese companies to restructure their global supply chains, in order to circumvent the US sanctions. For example, Chinese firms might be interested in buying Canadian or Mexican firms because the North American Free Trade Agreement allows Canadian or Mexican firms to buy anything from the US; alternatively, they can move their plants to Vietnam and pretend to be Vietnamese firms,” he explains.

                    Meanwhile in his M&A and Behavioural Finance classes, he is putting an increased focus on environment, social and governance (ESG) considerations. “ESG considerations are becoming increasingly important. It can affect asset pricing and definitely impacts almost all aspects of M&As,” he says.

                    Prof Cen explains that companies are paying increased attention to climate risk when doing deals, looking at whether potential targets are in an environment that is vulnerable to climate change, or whether they create significant pollution that triggers regulatory risks. Social factors are also an important consideration, particularly as M&As tend to lead to workers being laid off as the acquirer looks to benefit from labour cost reduction as a main source of operating synergies. “If an acquirer would like to lay off workers in an area that is mainly populated by ethnic minority workers, the acquiring firm has to be really careful about social issues triggered by this decision,” he says.

                    His own research also informs his behavioural finance teaching. Using big data analysis, he has found that the Black Lives Matter (BLM) and #MeToo movements have driven an increase in consumers’ preference for products produced by firms that hold a higher standard in workplace diversity and equality.

                    A focus on finance

                    Students studying CUHK’s MBA programme have the opportunity to focus on one of six key areas, including finance. Those who opt for the finance concentration can take courses covering areas ranging from current fintech trends, to investment analysis and portfolio management, to corporate fundraising in Chinese equity markets.

                    Prof Cen thinks students studying the finance concentration at CUHK have a strategic advantage as the university is located almost exactly halfway between the Hong Kong Stock Exchange and the Shenzhen Stock Exchange, offering students exposure to both markets. CUHK’s MBA programme has a strong focus on Asia, and particularly the Greater Bay Area (GBA), which Prof Cen believes is set to become increasingly influential across Asia.

                    Another advantage CUHK offers is that it was the first Asian business school to offer an MBA. “We have the largest alumni network. I often joke that I can go into any financial institution in Hong Kong and Shenzhen, however big or small, and find a CUHK alumni there. It gives new students and existing alumni a tremendous advantage.”

                    For anyone considering studying CUHK’s MBA, Prof Cen says: “Just apply! It’s going to be a very valuable experience. In the current environment, an MBA is one of the best human capital investments business people can make.”

                    Ready to take the first step toward a life-changing experience and accelerate your career? Join the CUHK MBA Experience Day on 3 December 2022. During the event, CUHK welcomes aspiring working professionals, faculty members, alumni, and current students to join a variety of activities! These include mingling session and communication workshop. Be sure to take a masterclass taster with Prof Cen to have a taste of being an MBA student. Grab the chance to network and discover if this could be the right fit for you. Click here to register.

                    The original article was published by efinancialcareers on 7 November 2022.

                    The Chinese University of Hong Kong Business School Announces Five Business Sustainability Indices to Promote Responsible Business Practices in Hong Kong and Greater China

                    The Chinese University of Hong Kong (CUHK) Business School’s Centre for Business Sustainability (CBS) announces today results of the 6th Hong Kong Business Sustainability Index (HKBSI), the 2nd Greater Bay Area Business Sustainability Index (GBABSI) and the 6th Hong Kong SME Business Sustainability Index (HKSMEBSI), as well as launches the 1st Greater China Business Sustainability Index (GCBSI) and the 1st Greater China […]

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                      The Chinese University of Hong Kong (CUHK) Business School’s Centre for Business Sustainability (CBS) announces today results of the 6th Hong Kong Business Sustainability Index (HKBSI), the 2nd Greater Bay Area Business Sustainability Index (GBABSI) and the 6th Hong Kong SME Business Sustainability Index (HKSMEBSI), as well as launches the 1st Greater China Business Sustainability Index (GCBSI) and the 1st Greater China Hotel Business Sustainability Index (Hotel BSI).

                       

                      The unique “Values – Process – Impact” (VPI) model, which was developed and launched in 2015 by CBS, is used in the assessment of all the five Business Sustainability Indices (BSI). Each index company was assessed in three major areas, namely Corporate Social Responsibility (CSR) Values, CSR Process (comprising CSR Management and Practice) and CSR Impact against seven stakeholder groups (Community, Consumer, Employee, Environment, Government, Investor and Supplier), as well as the company’s contributions to economic, social and environmental sustainability. As the Technical Partner of the projects, SGS Hong Kong Limited conducted sample check and verification of the information provided by individual companies. The Sinyi School of NCCU College of Commerce in Taiwan also helped compile the data of Taiwan companies in the GCBSI.

                      The 6th HKBSI

                      HKBSI is aimed at charting the ongoing development and performance of Hang Seng Index constituent companies on business sustainability. Compared to the results of the 5th HKBSI released last August, the overall average score of the 50 Hang Seng Index (HSI) constituent companies as at 31 July 2020 was 58.66 (out of 100 points), up by 1.95 percent.

                      Within the VPI model, the average score of “Values” and “Process-Practice” remained stable compared with that of the 5th HKBSI, while “Process-Management” improved slightly with a 7.33 percent rise but “Impact” dropped by 2.43 percent. In terms of stakeholder analysis, companies showed improvement in Practices such as Employee (5.14 percent rise), Government (up by 2.75 percent), Investor (3.44 percent increase) and Supplier (4.03 percent rise).

                      Currently, more than half (52 percent) of HSI constituent companies are non-Hong Kong based companies, comprising of H-shares, red chips and other mainland Chinese firms listed in Hong Kong. The overall average score of these non-Hong Kong based companies in the 6th HKBSI recorded a 2.89 percent rise to 50.96 (out of 100 points) when compared to a rise of just 1.18 percent to 67 points for Hong Kong based companies, showing that non-Hong Kong based companies exhibited a bigger performance improvement in business sustainability, especially in CSR management, which was up by 9.39 percent.

                      Prof. Carlos Lo, Director of CBS at CUHK Business School

                      Prof. Carlos Lo, Director of CBS, explained, “A salient trend can be observed in the stakeholder analysis is a significant increase of the CSR practices over three out of the four value chain stakeholder groups, namely, Employee (up 5.14 percent), Supplier (up 4.03 percent) and Investor (up 3.14 percent) in comparing with the results in the last round. Still Customer records a slightly increase of 0.45 percent. This indicates the positive development of continuous integration of CSR into corporate core business.”

                      The 2nd GBABSI

                      CBS extended its sustainability index project to cover Hong Kong listed companies with operations in Guangdong-Hong Kong-Macao Greater Bay Area that are eligible for southbound trading under the Stock Connect scheme last year. A total of 66 constituent companies of the Hang Seng Stock Connect Hong Kong Greater Bay Area Index as at 31 July 2020 were invited to complete an online assessment questionnaire for the 2nd GBABSI with the same scope as HKBSI.

                      Benchmarking against the 6th HKBSI results (58.66 points), the overall average score (52.86 points) of the GBABSI companies was still lower, but the performance gap was narrowing with a significant improvement in all the four aspects (Values, Process-Management, Process-Practice and Impact) from 10.70 percent, 12.80 percent, 15.80 percent to 26.27 percent respectively.

                      GCBSI – the First-of-its-Kind Sustainability Performance Measurement for Listed Companies in Greater China

                      To encourage and motivate companies in the Greater China region to integrate CSR initiatives into everyday business, CBS rolls out the GCBSI to cover 200 listed companies from HSI, FTSE TWSE Taiwan 50 Index, Shenzhen 100 Index and Shanghai Stock Exchange SSE 50 A Share Index.

                      In the inaugural GCBSI, the overall average score is 43.11 with an extremely high standard deviation. Specifically, listed companies from Taiwan outperformed those from Hong Kong and mainland China with an average score of 66.05, which is followed by listed companies in Hong Kong (58.66 points), Shanghai (36.56 points) and Shenzhen (26.73 points). Six out of the Top 10 in the 1st GCBSI were Hong Kong companies, and half of the Top 20 companies were from Taiwan. The Hong Kong and China Gas Company Limited and BOC Hong Kong (Holdings) Limited held the top and the second spots, respectively, in the GCBSI, GBABSI and HKBSI. In terms of stakeholder analysis, Taiwan companies maintained a balanced performance in all the seven stakeholder practices, while Shanghai and Shenzhen companies put a relatively stronger emphasis on government and investor.

                      “These results provide strong evidence to show the comparable standard between companies listed in Hong Kong and Taiwan in performing CSR for achieving sustainability among the Top 20 performers, while those listed in Shanghai and Shenzhen are on the whole in the catching up stage. There is a lot for Mainland-listed companies to learn from their Hong Kong and Taiwan counterparts in sustainability management,” explained Prof. Lo.

                      Hotel BSI – the First Business Sustainability Index for Listed Hotel Companies in Greater China

                      In a collaboration with Centre for Hospitality and Real Estate Research (CHRER) at CUHK Business School’s School of Hotel and Tourism Management, results of the inaugural Hotel BSI were also announced today, showing that leading international hotel chains and companies listed in Greater China are showing increasing concern for CSR and business sustainability.

                      The 1st Hotel BSI shows the annual business sustainability performance for the financial year ended in 2019-20, based on publicly available information of the 30 listed hotel companies in Greater China and six large international hotel chains. It aims at engaging hotel companies in continuous optimisation of CSR hotel practices, and thereby achieve sustainable development and concurrent growth to the benefit of both businesses and society.

                      Half of the hotel companies achieved over 50 points and reached the “Performer” level, which is comparable to internationally recognised standards of excellence in CSR. Currently, 61 percent of the Hotel BSI constituent companies are Hong Kong and Macau based companies or one of six international hotel chains, and 22 percent are Taiwan based and 17 percent are mainland China based. The Top 10 performers were mostly international hotel chains or Hong Kong listed companies, and only one non-Hong Kong based company entered the Top 10.

                      The 6th HKSMEBSI

                      Compiled and announced biannually since 2015, HKSMEBSI aims at inspiring small and medium enterprises (SMEs) in Hong Kong to adopt CSR as a management model to enable them to achieve business sustainability. A total of 27 SMEs with proven track records in CSR performance, namely, winners of major CSR related awards, were invited to complete an assessment questionnaire pertaining to their CSR performance for the preceding two years. For the 6th HKSMEBSI, the assessment was based on the 2020 data provided by the companies.

                      The overall average score of the index companies in the 6th HKSMEBSI is 78.73 (out of 100 points), a slight improvement compared with that of the 5th HKSMEBSI announced in 2019. Among the seven stakeholder practices, in comparison with the results of the 5th HKSMEBSI, community, customer and government saw improvement. Unlike the listed companies evaluated in the 6th HKBSI, the scores in Investor and Supplier practices decreased by 16.94 percent and 15.22 percent respectively.

                      Prof. Lo said, “It is very encouraging to see SMEs sustaining their high level of CSR performance, despite the difficult year of 2020, particularly in the delivery of their CSR initiatives. The stakeholder analysis has indicated that Customer remains the most important stakeholder group in the value chain than Investor and Supplier that received the greatest SMEs’ sustainability management attention. It is understandable that business survival is the top priority for SMEs of. At the same time, it is pleased to see their continuous and active pursuit of community engagement.”

                      The Inaugural Hotel BSI lays a good foundation for the compilation of a Global Hotel BSI. In 2022, CBS will continue to work with CHRER to introduce a BSI covering 80 listed hotel companies worldwide. This can not only encourage companies in the hotel industry to adopt CSR as a progressive business model to achieve business sustainability, but also serve as a robust indicator for ESG investors in selecting companies with socially responsible corporate behaviour. Furthermore, CBS will work closely with the Asia-Pacific Institute of Business, the executive education arm of CUHK Business School, on designing more training programmes and workshops on CSR applications and communication for the business community. Understand that business sustainability is an unended quest that requires companies to build management capacity on a continuous basis, CBS has set its future endeavour on cultivating sustainability talents by developing sustainability management into a knowledge-based profession. This includes the formulation of a qualification framework for the sustainability profession, the support of setting up of a sustainability professional association, and the organisation of sustainability management programme.

                      Mr. Christopher Hui Ching-yu, JP, Secretary for Financial Services and the Treasury of the Hong Kong Government (middle); Prof. Rocky Tuan, Vice-Chancellor and President of CUHK (7th from the right); and Prof. Lin Zhou, Dean of CUHK Business School (2nd from the right), presented recognition certificates to representatives from the Top 10 companies of the five business sustainability indices.

                      Appendix

                      The 6th HKBSI

                      Overall VPI Scores

                      Stakeholder Analysis

                      Overall Scores – HK vs. Non-HK Based Companies

                      The Top 10 HKBSI Company Ranking
                      1. Hong Kong and China Gas Co. Ltd.
                      2. BOC Hong Kong (Holdings) Ltd.
                      3. HSBC Holdings plc
                      4. Sun Hung Kai Properties Ltd.
                      5. Hang Seng Bank Ltd.
                      6. MTR Corporation Limited
                      7. New World Development Co. Ltd.
                      8. CLP Holdings Ltd.
                      9. Sands China Ltd.
                      10. Sino Land Co. Ltd.

                      The 2nd GBABSI

                      Overall VPI Scores

                      The Top 10 GBABSI Company Ranking
                      1. Hong Kong and China Gas Co, Ltd.
                      2. BOC Hong Kong (Holdings) Ltd.
                      3. Sun Hung Kai Properties Ltd.
                      4. Hang Seng Bank Ltd.
                      5. MTR Corporation Limited
                      6. New World Development Co, Ltd.
                      7. China Resource Power Holdings Co., Ltd.
                      8. Sands China Ltd.
                      9. Sino Land Co, Ltd.
                      10. Kerry Properties Ltd.

                      The 1st GCBSI

                      Overall VPI Scores

                      Stakeholder Analysis

                      The Top 10 GCBSI Company Ranking
                      1. Hong Kong and China Gas Co. Ltd. (Hong Kong)
                      2. BOC Hong Kong (Holdings) Ltd. (Hong Kong)
                      3. HSBC Holdings plc (Hong Kong)
                      4. Ctbc Financial Holding Co., Ltd. (Taiwan)
                      5. Sun Hung Kai Properties Ltd. (Hong Kong)
                      6. Hang Seng Bank Ltd. (Hong Kong)
                      7. Lite-On Technology Corporation (Taiwan)
                      8. Taiwan Mobile Co., Ltd. (Taiwan)
                      9. MTR Corporation Limited (Hong Kong)
                      10. Far Eastern New Century Corporation (Taiwan)

                      The Top 20 GCBSI Companies (in alphabetical order)
                      • Asustek Computer Inc. (Taiwan)
                      • Cathay Financial Holding Co., Ltd. (Taiwan)
                      • Chunghwa Telecom (Taiwan)
                      • CLP Holdings Ltd. (Hong Kong)
                      • Fubon Financial. (Taiwan)
                      • New World Development Co. Ltd. (Hong Kong)
                      • Sands China Ltd. (Hong Kong)
                      • Sino Land Co. Ltd. (Hong Kong)
                      • Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
                      • United Microelectronics Corp. (Taiwan)

                      The 1st Hotel BSI

                      Overall Performance Level

                      The Top 10 Hotel BSI Performers (in alphabetical order)
                      • Accor SA
                      • FDC International Hotels Corporation
                      • Hilton Worldwide Holdings Inc.
                      • Hong Kong and Shanghai Hotels Limited
                      • InterContinental Hotels Group PLC
                      • Marriott International Inc.
                      • MGM China Holdings Limited
                      • Miramar Hotel & Investment Company Limited
                      • Sands China Limited
                      • Wyndham Hotels & Resorts Inc.

                      The 6th HKSMEBSI

                      Overall VPI Scores

                      Stakeholder Analysis

                      The Top 10 HKSMEBSI Company Ranking
                      1. Meiriki Japan Company Limited
                      2. Richform Holdings Ltd.
                      3. Jenston Technology Corporation Limited
                      4. Ultra Active Technology Limited
                      5. Diving Adventure Limited
                      6. City Cut Hair & Beauty Salon
                      7. Sunta Chemical Limited
                      8. Dunwell Enviro-Tech (Holdings) Ltd.
                      9. MYLAMSTUDIO
                      10. Intimex Business Solutions Company Limited

                      Participating HKSMEBSI Companies (in alphabetical order)
                      • Appetizup Co Ltd.
                      • Arredamenti Company Ltd.
                      • CITYRAY TECHNOLOGY (CHINA) LIMITED
                      • EcoSage Limited
                      • Ensec Solutions Hong Kong Limited
                      • Fast Base Enterprises Ltd.
                      • Future Lighting Collection Limited
                      • Happy Star Travel Service Ltd.
                      • Kennic Ltd.
                      • KL Home Care Limited
                      • Milton Holdings International Limited
                      • OKIA Optical Co. Ltd.
                      • Projexasia Limited
                      • Sailing Boat Catering Group Limited
                      • Silver Printing Company Limited
                      • Sze Wo Chaan Gas Co, Ltd.
                      • Venture Global Limited

                      CUHK and Dongguan Municipal Government Discuss Collaborative Plans

                      The Chinese University of Hong Kong (CUHK) met with Dongguan Municipal Government online on 28 April to discuss collaboration plans in leveraging the developmental opportunities of the Greater Bay Area. Mr. Liang Weidong, Party Secretary of the Dongguan Municipal Government exchanged views with Professor Rocky Tuan, Vice-Chancellor of CUHK and agreed to embark on all-round […]

                      On this page...

                        The Chinese University of Hong Kong (CUHK) met with Dongguan Municipal Government online on 28 April to discuss collaboration plans in leveraging the developmental opportunities of the Greater Bay Area. Mr. Liang Weidong, Party Secretary of the Dongguan Municipal Government exchanged views with Professor Rocky Tuan, Vice-Chancellor of CUHK and agreed to embark on all-round plan as an innovative model of Guangdong-Hong Kong collaboration. Government officials participating in the meeting included Mr. Chen Zhiwei and Mr. Liu Wei, Members of the Standing Committee of the Dongguan Municipal Government; Mr. Li Jun, Deputy Mayor of the Dongguan Municipal Government, and Mr. Ma Hongwei, President of the Dongguan University of Technology, together with members from Education and Science and Technology Bureaus. Professor Chan Wai-Yee and Professor Sham Mai-Har, Pro-Vice-Chancellors of CUHK; Professor Daniel HS Lee, Associate Vice-President; Professor Song Chunshan, Dean of the Faculty of Science; Professor Benny Zee, Director of Office of Research and Knowledge Transfer Services; Dr. Lin Huangquan, Director of the Greater Bay Area Development Office and Ms. Wing Wong, Director of Academic Links (China) attended the meeting.

                        The meeting discussed future development plans to promote research cooperation and in-depth exchanges. Professor Tuan expressed that CUHK has been actively participating in the development of the Guangdong-Hong Kong-Macao Greater Bay Area and it is hoped that with the research and innovation advantages, the collaboration plan will serve the major needs and strategic development of the country and the region to be supported by the establishment of a cross-border platform for knowledge transfer. Such collaborative projects will be able to facilitate the cultivation of international-level talents, promote resource sharing and talent gathering toward the construction of a comprehensive national science centre in the Greater Bay Area.

                         

                         

                        CUHK Institute of Future Cities and China Academy of Urban Planning and Design Collaborate on the Development of the GBA Smart Cities Cluster

                        The building of smart cities has been a global trend. The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), released by the Central Government in 2019, laid out a concrete implementation plan of its smart cities cluster build-out, which is one of the key development goals of the GBA. A renewed Memorandum […]

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                          The building of smart cities has been a global trend. The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), released by the Central Government in 2019, laid out a concrete implementation plan of its smart cities cluster build-out, which is one of the key development goals of the GBA. A renewed Memorandum of Understanding (MoU) was recently signed between the Institute of Future Cities (IOFC) of The Chinese University of Hong Kong (CUHK) and China Academy of Urban Planning and Design (CAUPD) for a strengthened strategic partnership on exchanging innovation and technology, urban big data, research on Hong Kong-Guangdong town planning, and talented minds, to further expand the smart cities cluster in the GBA.

                          An academic symposium webinar was held on 9 April by IOFC of CUHK and CAUPD, hosted by the Chief Planner of CAUPD, Mr. ZHU Ziyu, with Dr. WANG Kai, President of CAUPD, and Prof. FUNG Tung, Director of IOFC of CUHK, delivering the opening speeches. Experts and professors from CAUPD and CUHK also spoke about the recent research achievements of their respective research groups and presented the research applications and thoughts on “Smart and Sustainable City” during the academic webinar. They include Mr. ZHU Ziyu, Mr. FANG Yu and Mr. DAI Jifeng from CAUPD and Prof. FUNG Tung, Prof. NG Mee Kam, Prof. ZHOU Yu, Prof. REN Chao, Prof. SHI Yuan and Prof. HUANG Bo from CUHK.

                          Dr. WANG Kai, CAUPD President, said in his speech that he wished CAUPD and IOFC could work together to develop a deeper academic collaboration within the GBA through strengthening the connections and building consensus between the two parties. CAUPD aims to produce, in the next five years, with concerted effort, significant research outputs in the broad disciplines of regional and sustainable development, cultural and historical preservation, land resources and housing policies, community governance and smart cites.

                          IOFC of CUHK and CAUPD signed the renewed MoU at the occasion which denotes a concrete and strategic action plan for the development of the GBA through provision of a wider platform for nurturing talented minds, and for conducting interdisciplinary research and applications through this partnership.

                          Prof. FUNG Tung, Director of IOFC of CUHK, made a review of the course of cooperation between CAUPD and IOFC over the years. He anticipated that both parties will establish a closer relationship in academic and widen the scope of collaboration which could contribute to the development of a green, smart and sustainable development in the GBA.

                          Mr. ZHU Ziyu, the Chief Planner of CAUPD, also envisioned that the enhanced partnership between CAUPD and IOFC would hereafter utilise their respective advantages to co-organise academic exchange activities and launch new collaborative projects.

                          About IOFC of CUHK

                          The Institute of Future Cities (IOFC) of CUHK was established in 2013 as a hub for researchers in diverse fields to collaborate in examining a wide range of urban issues from past to present and to collectively envision, research and advocate innovative approaches to shape environmentally friendly, economically prosperous and socially just future cities. IOFC serves as a research hub for local as well as international scholars, a base for CUHK to enhance learning and teaching; and a dynamic Institute for evidence-based knowledge transfer. At present, it has four centres and one programme carrying out R&D and knowledge transfer on a variety of issues about future cities, namely the Centre of Community and Place Governance, the Centre of Land Resource and Housing Policy, the Centre of Urban History, Culture and Media, and the Centre of Urban Sustainability as well as the Urban Informatics Programme.

                          About CAUPD

                          China Academy of Urban Planning and Design (CAUPD), a research institution under the Ministry of Housing and Urban-Rural Development of the People’s Republic of China, is the national information centre for urban planning studies and design. It is also the service provider in the fields of urban and rural planning, engineering design, tourism planning, engineering surveying for heritage preservation, architectural design and system integration for smart buildings; and is qualified as a national service provider to undertake overseas projects in civil engineering surveying, consultancy, design and management. CAUPD is a high-tech enterprise recognised by Beijing and Zhongguancun. Offering planning advice to government authorities, establishing norms for scientific researches, providing planning consultancy services, and carrying out social and public welfare services are the four major roles of CAUPD.

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