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Spring Cocktail in Celebration of the MBA’s Golden Jubilee

A joyful toast marks the highlight of the celebration of the new year of the Monkey and the MBA’s golden Jubilee On Tuesday, 23 February, the Business School hosted a Spring Cocktail celebrating the MBA’s 50th Anniversary at Island Shangri-La Hong Kong, welcoming over 180 guests including alumni, business partners, and friends from academia, government […]

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    A joyful toast marks the highlight of the celebration of the new year of the Monkey and the MBA’s golden Jubilee

    On Tuesday, 23 February, the Business School hosted a Spring Cocktail celebrating the MBA’s 50th Anniversary at Island Shangri-La Hong Kong, welcoming over 180 guests including alumni, business partners, and friends from academia, government and the corporate community.

    CUHK Provost Prof. Benjamin Wah kicked off the momentous occasion with his opening remarks, framed against an eye-catching and festive red backdrop. He illustrated the university’s Strategic Plan for 2016-2020, outlining its vision and goals in five major areas: education, research, engagement, resources and infrastructure. He also highlighted the development of the Shenzhen campus and its role in grooming future talent for the Mainland, as well as the plan to build Hong Kong’s first not-for-profit and self-financed teaching hospital on campus, which not only serves the public but enhances the quality of teaching and research.

    Business School Dean Prof. Kalok Chan then followed with his welcome, sharing about the launch of new development initiatives through the Business School’s Strategic Plan, including the recent recruitment of more than 30 academic staff and some key administrative posts to promote teaching and research excellence as well as internationalisation. He also took the opportunity to extend to the evening’s guests a special invitation to two major events celebrating the 50-year milestone of the MBA Programs: a full-day conference about China business on 9 September, and a gala dinner on 4 December. “I am pleased to announce that an organising committee has been formed to devise a year plan for the celebration,” stated Dean Prof. Kalok Chan. “We hope to have your participation as part of our alumni and corporate engagement.”

    The highlight of the event was a toasting ceremony led by Prof. Michael Ferguson, Associate Dean (Graduate Studies) and Director of MBA Programs, who will retire in the summer. Dean Prof. Kalok Chan took the opportunity to thank Prof. Ferguson for his valuable contributions to the Business School: “Through his leadership and hard work, the Business School’s MBA program has progressed to become one of the top programs in the region. His many accomplishments are greatly valued by CUHK and the business community.” The touching moment elicited enthusiastic applause from the floor, filling the room with warmth and exhilaration.

    Participants had a great time mingling with each other while enjoying an array of food and drinks within an elegant setting. The pleasant cocktail event formed a networking platform that strengthened the Business School’s community ties. We would like to extend our sincere appreciation to our guests and friends for their continued support of the Business School and their kindness in joining this memorable gathering.

    Provost Prof. Benjamin Wah kicks off the cocktail with his opening remarks


    Guests offer warm applause to honour Associate Dean (Graduate Studies) and MBA Program Director Prof. Michael Ferguson’s contribution to the Business School

    This article was first published in the alumni website by the CUHK Business School’s Alumni and Corporate Affairs Office on 11 March 2016.

    The CUHK MBA 50th Anniversary HR Roundtable Luncheon Conference in Hong Kong

    Same as that in Singapore, we would like to develop an opportunity for our students to connect with the HR experts, who have in-depth knowledge of the Asian market, and equip themselves for the future career advancement. Same as that in Singapore, we would like to develop an opportunity for our students to connect with […]

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      Same as that in Singapore, we would like to develop an opportunity for our students to connect with the HR experts, who have in-depth knowledge of the Asian market, and equip themselves for the future career advancement.

      Same as that in Singapore, we would like to develop an opportunity for our students to connect with the HR experts, who have in-depth knowledge of the Asian market, and equip themselves for the future career advancement.


      Around 40 HR executives from multinational corporations were invited.

      Before the interactive roundtable discussions, Prof. Michael Ferguson, Associate Dean (Graduate Studies) and Director of CUHK MBA Programs, extended to all the guests a very warm welcome on behalf of CUHK MBA Programs.


      Prof. Michael Ferguson, Associate Dean (Graduate Studies) and Director of CUHK MBA Programs

      We were honored to have Mr. Mike Walsh, CEO of Asia Jet and board of governor of AsBAA, Mr. Kevin She, co-founder and CEO of SC Storage and Mr. Shing Yuk Chow, founder and CEO of EasyVan to be our guest speakers.

      Mr. Mike Walsh, CEO of Asia Jet and board of governor of AsBAA, gave an inspiring speech on building up leadership.

      Mr. Kevin She, co-founder and CEO of SC Storage, shared the practical ways that start-ups can stay in today’s competitive environment.


      Mr. Shing Yuk Chow, founder and CEO of EasyVan, talked about the most challenging HR job in the world.

      While the meal was being served, the roundtable discussion began. There was a HR related topic for each table. Students discussed some effective and strategic solutions with the HR experts. Our students proved their talents and managerial capability through the interaction. At the same time, they also got a chance to understand the market trend in Hong Kong and Asia Pacific Region. It came to a successful conclusion and students were all empowered to facilitate their career development.

      Students were discussing effective and strategic solutions to the assigned topic.

      Mr. Mark Wadsley (right), Senior Director of HCM Transformation at Oracle, was one of our roundtable moderators

      Mr. Benjamin Wong, Human Resources Director at Knorr-Bremse Asia Pacific, was presenting his table’s findings.

      The CUHK MBA 50th Anniversary HR Roundtable Luncheon Conference in Singapore

      CUHK MBA Programs organized the 50th Anniversary HR Roundtable Luncheon Conference in Four Seasons Hotel Singapore on Jan 28. Our staff and around 20 MBA students participated. We also invited around 40 senior HR executives from multinational corporations (e.g. Facebook, IBM, MSD, Siemens, Nielsen and more) to join us. The theme of the HR Conference […]

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        CUHK MBA Programs organized the 50th Anniversary HR Roundtable Luncheon Conference in Four Seasons Hotel Singapore on Jan 28. Our staff and around 20 MBA students participated. We also invited around 40 senior HR executives from multinational corporations (e.g. Facebook, IBM, MSD, Siemens, Nielsen and more) to join us.

        The theme of the HR Conference is “Investing for The Future – Developing Next Gen Leaders”. This is an opportunity for students to mingle with those HR experts, who have in-depth knowledge of the Asian market, and equip themselves for the future career advancement.

        The welcome speech by Prof. Michael Ferguson, Associate Dean (Graduate Studies) and Director of MBA Programs, marked the start of the HR Conference.

        Prof. Michael Ferguson, Associate Dean (Graduate Studies) and Director of MBA Programs

        Ms. Karen Cariss, CEO and Co-Founder of PageUp, then gave a speech to share her experience in working with the HR leaders to mitigate inhibitors to business growth and her role in employee engagement and retention.

        Ms. Karen Cariss, CEO and Co-Founder of PageUp

        While the meal was being served, the roundtable discussion took place. There was a HR related topic for each table. Students discussed some practical and strategic solutions with the HR experts. Our students demonstrated their talents and capability through the interaction. At the same time, they also got a chance to understand the working environment and market trend in Singapore and Asia. They were all empowered to facilitate their next step in potential career opportunities.

        Moderator was presenting the solutions.

        We invited around 40 senior HR executives from multinational corporations (e.g. Facebook, IBM, MSD, Siemens, Nielsen and more) to join us.

        These HR experts gave our students insightful market trend and inf

        CUHK MBA Ranked 26th in Financial Times Global MBA Ranking 2016

        The Chinese University of Hong Kong (CUHK) MBA Program has moved up four places to 26th in the Financial Times Global MBA Ranking 2016, making it one of the top four MBA programs in Asia and the top three in Greater China. #26 Overall Ranking for CUHK MBA Full-time Program  Attributed to its world-class MBA […]

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          The Chinese University of Hong Kong (CUHK) MBA Program has moved up four places to 26th in the Financial Times Global MBA Ranking 2016, making it one of the top four MBA programs in Asia and the top three in Greater China.

          #26
          Overall Ranking for CUHK MBA Full-time Program
           

          Attributed to its world-class MBA curriculum and strong student career counselling support, the outstanding ranking demonstrates that CUHK MBA is able to enhance its full-time graduates’ employability and career advancement.

          #10
          Globally for Salary Percentage Increase*
           

          #1
          for Salary Percentage Increase* in Hong Kong
           

          #4
          for Career Progress* in Asia
           

          Established in 1966, CUHK MBA is Asia’s and Hong Kong’s first MBA program, which marks its golden anniversary this year. CUHK Business School takes great pride in offering an international business education to a diverse student community with its MBA students from around 20 different countries. This international recognition motivates us to keep strengthening our Programs and nurture more business leaders!

          If you are interested in knowing more about Programs and the MBA experiences of our students, don’t miss our upcoming events!

          Read the full Financial Times Global MBA Ranking 2016 results here.

          *Note on ranking criteria of measurement

          Career progress: This is calculated according to changes in the level of seniority and the size of company alumni are working in after they obtained their MBA degrees.

          Salary percentage increase: It is the average difference in alumni salary before and after the MBA qualification. Half of this figure is calculated according to the absolute salary increase, and half according to the percentage increase relative to the pre-MBA salary.

          CUHK Business School & ESADE Business and Law School Joint Conference

          In December 2015, The Chinese University of Hong Kong (CUHK) Business School and ESADE Business and Law School (ESADE), two of the world’s leading business schools, held a joint conference hosted at the CUHK MBA Town Center in Central, Hong Kong. Over 150 people attended the event with the theme: “China and Europe- Challenges & […]

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            In December 2015, The Chinese University of Hong Kong (CUHK) Business School and ESADE Business and Law School (ESADE), two of the world’s leading business schools, held a joint conference hosted at the CUHK MBA Town Center in Central, Hong Kong. Over 150 people attended the event with the theme: “China and Europe- Challenges & Opportunities”. The conference celebrated the 50th anniversary of CUHK MBA and provided an ideal platform for academics, industry leaders and government officials from Hong Kong and Barcelona to share their insights on recent economic developments and the growing potentials for doing business in China and Europe. China is now the second largest trading partner of the European Union (EU) behind the United States while the EU is China’s biggest trading partner. China and Europe now trade over one billion euros a day.

            CUHK Business School and ESADE have built a strong relationship as exchange partners for their MBA students since 1999. This collaboration was further extended during the conference with the signing of a new undergraduate exchange agreement by Professor Kalok Chan, Dean of CUHK Business School and Professor Josep Franch, Dean of ESADE Business School. From 2016, undergraduate students of the two business schools can go abroad to learn and stay in each other’s campus. CUHK Business School is committed to equipping its students with a global perspective, and has signed up exclusive exchange agreements with more than 34 top business schools worldwide.

            The conference program included two panel discussions. The first panel titled “China’s New Growth Engine” with speakers from CUHK Business School including T.J. Wong, Choh-Ming Li Professor of Accountancy and Director of Center for Institutions and Governance, as well as Xufei Ma, Associate Professor at the Department of Management. The second panel was called “Opportunities and Challenges in Europe” with representatives from Barcelona and ESADE including the Dean of the Business School, Professor Josep Franch.

            At the keynote address by Prof. Ivana Casaburi, Associate Professor of Marketing, Executive Director of the Executive Master Programs and Director of the ESADE China-Europe Center, she shared the findings from the new report entitled “Chinese Investment in Europe 2015”, with the following highlights:

            • The top destinations for Chinese investment in Europe between 2010 and 2014 were the United Kingdom (46.7%), Italy (21%), Portugal(10.6%) and France (9.5%).
            • During the same period, Europe received a total of $58.3 billion from China, of which $20.17 billion were invested in 2014 alone, a 117% increase over the previous year.
            • Between 2010 and 2014, 95% of Chinese investment in Europe was concentrated in seven sectors: energy ($18.17 billion, or 31.2% of the total); real estate ($13.35 billion, 22.9%); manufacturing ($7.85 billion, 13.5%); agribusiness ($4.88 billion, 8.4%); finance ($4.25 billion, 7.3%); logistics, transport and infrastructure ($4.06 billion, 7%); and telecommunications and software ($2.65 billion, 4.5%).
            • In the coming years, various factors will play a key role in significantly increasing China’s direct investment in Europe. These factors include the current negotiations towards a bilateral investment treaty, rising income levels among Chinese citizens, the Juncker Plan, new co-investment vehicles between the Chinese government and various European governments, large-scale projects like the “New Silk Road”, and new multilateral institutions such as the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB).

            Prof. Casaburi commented: “China is and will remain the engine of the world economy. The recent decline in China’s GDP indicates that its economic growth has reached a stage of maturity.”

            Link to report: Chinese Investment in Europe 2015

            Professor Kalok Chan, Dean of CUHK Business School (right) and Professor Josep Franch, Dean of ESADE Business School (left) sign new undergraduate agreement

            Panel Discussion – China’s New Growth Engine

            Panel Discussion – Opportunities and Challenges in Europe

            Prof. Ivana Casaburi Associate Professor of Marketing and Director of the ESADE China-Europe Club presents her report

            Q and A with the audience

            Panel Discussion – Opportunities and Challenges in Europe

            This article was first published in the CUHK Business School website on January 5, 2016.

            CUHK MBA 50th Anniversary Advertising Campaign Rolls Out

            To celebrate the milestone of MBA 50th anniversary, CUHK Business School successfully rolled out an advertising and promotion campaign across a wide range of media just before the end of 2015. During the campaign, our anniversary messages are going to appear at the Hong Kong International Airport, public transportation, local newspaper and digital ads in […]

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              To celebrate the milestone of MBA 50th anniversary, CUHK Business School successfully rolled out an advertising and promotion campaign across a wide range of media just before the end of 2015. During the campaign, our anniversary messages are going to appear at the Hong Kong International Airport, public transportation, local newspaper and digital ads in international and local media.

              The advertising campaign has been kicked off by the digital panels in the Airport and the fully-wrapped tramcars running across the Island. We will continue to update you with the upcoming anniversary activities in the near future.

              Please join us to “Embrace our Past • Envision our Future”.

              Tramcars running across the Hong Kong Island

              Digital panels at Hong Kong International Airport

              CUHK Business School Research Draws Attention from the Wall Street

              Dr. Peter Carr, Morgan Stanley’s Global Head of Market Modeling (left) and Xintong Zhan, a PhD student of the Department of Finance in the CUHK Business School (right) Finance research by The Chinese University of Hong Kong (CUHK) Business School receives resounding positive feedback from investment bankers, financial professionals and fund managers in the Wall […]

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                Dr. Peter Carr, Morgan Stanley’s Global Head of Market Modeling (left) and Xintong Zhan, a PhD student of the Department of Finance in the CUHK Business School (right)

                Finance research by The Chinese University of Hong Kong (CUHK) Business School receives resounding positive feedback from investment bankers, financial professionals and fund managers in the Wall Street.

                The research study entitled Option Return Predictability was written by Jie Cao, an assistant professor of the Department of Finance and Xintong Zhan, a PhD student of the same department in the CUHK Business School. The study has caught attention of famous investment banks and leading hedge funds in the Wall Street. It reveals that eight stock characteristics such as size and cash holding could predict equity option return in the United States market. A long-short strategy using delta-neutral call option writing could generate a large risk adjusted return with an annual Sharpe ratio up to seven.

                The evidence of such predictability questions the price efficiency at option market. “Traditional review is that option traders are more sophisticated and better informed. However, option traders tend to focus too much on the volatility information on a limit number of stocks and their options, and neglect the relative mispricing across a large cross-section of options,” says Prof. Cao.

                Based on the high relevance of this study to the quantitative trading strategies used by professional investors, Prof. Cao and Zhan have been invited to present their research at investment banks including Deutsche Bank, Morgan Stanley, and hedge funds including Cubist Systematic Strategies and Two Sigma Investments. The exposure has helped to enhance the School’s reputation on high-quality academic finance research that is highly relevant and insightful to the trading practice the real world.

                Prof. Cao was invited to present this research paper at the 3rd Deutsche Bank Annual Global Quantitative Strategy Conference, which was held in New York at Deutsche Bank’s headquarter during October 14-15, 2015. Among the attendees were portfolio managers and research analysts from the largest asset managers (mutual funds, hedge funds, institutional money managers) and asset owners (pensions, endowments, sovereign wealth funds, and private banks) from around the world. Other speakers in the academia included renowned professors from the University of California, Berkeley, the Princeton University, the Duke University’s Fuqua School of Business, the Columbia University in the City of New York and more. Prof. Cao was the only speaker from a university in Asia. Prof. Cao was also invited to share the cutting edge study through a seminar at Morgan Stanley in New York City, hosted by Dr. Peter Carr, Morgan Stanley’s Global Head of Market Modeling. The other quant groups of Morgan Stanley at Budapest and Shanghai offices also participated through a video conference. As a leading expert in derivative industry, Dr. Carr held an insightful discussion with the authors.

                Zhan presented this research paper at 4th OptionMetrics Research Conference, Cubist Systematic Strategies, and Two Sigma Investments. OptionMetrics is a leading source for quality historical option pricing data, tools and analytics. The event was held on 19 October at the Intrepid Sea, Air & Space Museum Complex in New York, and hosted by David Hait, the president of OptionMetics. The attendees included both academics and financial professionals from across the globe. The presentation at Cubist was hosted by Ross Goran, the head of Cubist Systemic Strategies, LLC. There were about 40 attendees including portfolio managers, quantitative researchers and strategists. Cubist Systematic Strategies is the multi-quant, systematic investing division of Point72 (formerly SAC Capital). The team uses a multi-manager platform with a multi-asset class focus to execute systematized, highly automated trading strategies across multiple time horizons. Two Sigma is a New York-based hedge fund that uses a variety of technological methods, including artificial intelligence, machine learning, and distributed computing, for its trading strategies. The 20 attendees at Two Sigma included quantitative researchers, strategists, and risk analysts. Zhan had an in-depth discussion on technical details with their equity option trading team.

                The study attracts the attention of financial industry not only at New York. It has also been invited to present at the 10th Annual Conference on Advances in the Analysis of Hedge Fund Strategies on 3 December, a conference organized by the Imperial College London with attendees from the hedge funds industry at London.

                For details of Prof. Cao’s and Zhan’s paper, please refer to the abstract below:

                Option Return Predictability
                The study examines whether the cross-section of equity option returns can be predicted with a collection of well-known stock return predictors. The answer is yes for the majority of these variables, including idiosyncratic volatility, size, past stock returns, profitability, cash holding, new issuance, and the dispersion of analyst forecast. Such predictabilities are not mechanically inherited from the stock market because stock return predictability is weak to non-existent for the underlying stocks in our sample and results from the research paper holds for delta-hedged option returns. The study documents new option trading strategies that are profitable even after transaction costs. These profits are robust across different market conditions and subsamples. They cannot be explained by standard stock market risk factors, volatility risk or tail risk. Our results have important implications for option valuation and option market efficiency.

                This paper is available upon request to Prof. Cao.

                Contributed by Prof. Jie Cao and PhD student Xintong Zhan

                CUHK MBA Alumna Wins Prestigious BGS Chapter Honoree Award

                Anna Wong was presented with the Beta Gamma Sigma Chapter Honoree Award by Business School Dean Professor Kalok Chan (right), and Professor Michael Ferguson (left), Associate Dean and Director of MBA Programs On 19 September, more than 100 MBA students were present to see Ms. Anna Wong, an MBA alumna of 1983, presented with the […]

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                  Anna Wong was presented with the Beta Gamma Sigma Chapter Honoree Award by Business School Dean Professor Kalok Chan (right), and Professor Michael Ferguson (left), Associate Dean and Director of MBA Programs

                  On 19 September, more than 100 MBA students were present to see Ms. Anna Wong, an MBA alumna of 1983, presented with the CUHK Beta Gamma Sigma Chapter Honoree Award by the Business School Dean, Professor Kalok Chan.

                  Ms. Wong’s distinguished career in the finance industry has spanned private banking, securities and brokerage, corporate and commercial banking, and credit and risk management. She has held a range of senior positions including Head of Corporate Banking at Citibank N.A., Head of Private Banking Hong Kong Teams for both BNP Paribas Private Bank and HSBC Private Bank, and CEO of HSBC Broking Services (Asia) Limited. Her most recent post was Head of Private Banking, Greater China at Credit Suisse. Ms. Wong is currently a director of the Hong Kong Securities and Investment Institute, and a trainer for the ‘Certified Private Wealth Professional’ accreditation. She is also a member of the Financial Reporting Review Panel and the Securities and Futures Appeal Tribunal, as well as an Honorary Advisor to the Hong Kong Institute of Bankers.

                  Despite her illustrious career Ms. Wong is careful to keep a good work-life balance, and is especially passionate about sport. She is currently a director of the Hong Kong Sports Institute, and was previously both President of the Asia Netball Federation and Director of the International Federation of Netball Associations.

                  Receiving the award, Ms. Wong addressed an audience of current MBA students and special guests, including former MBA classmates from 1983 and her mentee in the MBA class of 2011. “I’m glad to return to my alma mater to receive this significant award, which signifies a milestone in my professional achievement over the last 30 years,” she told the audience. “It’s my honour to be able to continue my contributions to the Business School as a member of the 30,000-strong alumni community.” To rounds of applause Ms. Wong also shared her insights into the job market and career development.

                  The Beta Gamma Sigma award is given out every year to MBA and veteran business leaders, recognising their outstanding contribution to society. May we offer our sincerest congratulations to this year’s award winner!


                  Ms. Wong shares her views on the job market and career advancement with MBA students


                  Ms. Wong’s special guests join her in a memorable group photo. The two gentlemen on the left are her former MBA classmates of 1983, and the younger gentleman on the right is Douglas Chan, her mentee in the MBA class of 2011

                  Influential Alumni Community Expands Worldwide

                  At the Alumni and Corporate Affairs Office we aim high, striving to connect our alumni around the globe, bringing them together to build a strong network. This network is going from strength to strength! With your support, we’re dedicated to working closely with you as we foster deeper connections and collaboration between fellow alumni, students, […]

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                    At the Alumni and Corporate Affairs Office we aim high, striving to connect our alumni around the globe, bringing them together to build a strong network. This network is going from strength to strength! With your support, we’re dedicated to working closely with you as we foster deeper connections and collaboration between fellow alumni, students, and faculty members.

                    As a valued alumnus, you play an important role in the exciting growth of our Business School. Graduates are encouraged to join a range of alumni associations or chapters, or to contribute even more by planning and implementing alumni activities as a committee member. As increasingly more of our graduates are working and living outside Hong Kong, alumni act as our global ambassadors, representing the Business School and extending a warm welcome to fellow alumni in every corner of the world!

                    To fulfil the needs of our ever-growing network – which comprises nearly 30,000 alumni worldwide – we’ve been working hard to expand the scale. To date, our alumni network includes:

                    • 9 Alumni Associations
                    • 4 Alumni Chapters/Networks
                    • 38 Alumni Ambassadors

                    These numbers are growing all the time! Please click here for an update on our global network.

                    Your active participation allows us to build a strong alumni community, empowering the Business School to extend its impact and influence all across the world. Let’s join hands to establish mutually rewarding relationships that last a lifetime. We look forward to your continued support of your alma mater!

                    This article was first published in the alumni website by the CUHK Business School’s Alumni and Corporate Affairs Office on 11 Aug, 2015.

                    Dean’s Views on Business Schools’ Role in Today’s Business World

                    In an interview with Tencent.com 《騰訊網》, Prof.shares how he feels about returning to his alma mater, The Chinese University of Hong Kong (CUHK), and stepping into his new role as Dean of the CUHK Business School. He also shares his views on business schools’ role in nurturing talents for today’s business world. Dean Chan states […]

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                      In an interview with Tencent.com 《騰訊網》, Prof.shares how he feels about returning to his alma mater, The Chinese University of Hong Kong (CUHK), and stepping into his new role as Dean of the CUHK Business School. He also shares his views on business schools’ role in nurturing talents for today’s business world.

                      Dean Chan states that his strong sense of belonging and the tremendous support from his colleagues at the School has allowed him to pick things up quickly despite having been on the job for only nine months.

                      As the community increasingly demands for talents, business schools need to equip students with multi-disciplinary competence such as business knowledge, leadership skills and a global mindset, so that they can navigate the challenges of the globalized society and a dynamic and culturally diverse workplace. The Dean says that “business schools are places for blue-sky and applied thinking where faculty and students can enjoy exercising their natural curiosity and imagination, ask big questions and search for answers.” He iterates that business schools should be able to nurture students to become socially responsible citizens. By instilling this mindset in them, students will, upon their graduation, be able to contribute to the companies they work for, and take responsibility for the well-being of one another and the broader community.

                      Commenting on the difference between business education in Hong Kong and China, Dean Chan points out that Hong Kong is unique as it is part of China, whereas it is also a metropolitan. The city has long been an open and internationalized market, playing an important role in helping mainland Chinese companies to go abroad while being the gateway for overseas enterprises to enter the China market. With this background, business education in Hong Kong generally has the characteristic of bringing together China and the West. Hong Kong’s business schools have also played an exemplary role on the mainland in the past few decades…

                      Read More >>

                      This story has also been reprinted by influential online media outlets in mainland China, including Sohu 《搜狐》, EOL 《中國教育在綫》 and more.

                      This media story is in Chinese.

                      Media: Tencent.com 《騰訊網》
                      Section: Business school
                      Date broadcast: August 17, 2015
                      Re: Prof. Kalok Chan

                      Summer Internship – Impossible is nothing

                      Passion is everything. Impossible is nothing. My love for sports requires that I mostly exist in an ambience in which everything is a sport. More than half of the real estate in my dorm was dedicated to the sporting equipment. At school, I was best known for activities related to (sports) club and clubbing. Here, […]

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                        Passion is everything. Impossible is nothing. My love for sports requires that I mostly exist in an ambience in which everything is a sport. More than half of the real estate in my dorm was dedicated to the sporting equipment. At school, I was best known for activities related to (sports) club and clubbing. Here, I’m back to continue my long standing relationship with my favorite sports brand: adidas.

                        I started running on this track almost six years ago. I began the game with a compound title: a technology-consultant. My work in the previous role tilted more towards technology. MBA simply flipped tables. I progressed word by word. Post MBA, I moved to consulting, with a focus on business. I work in the COE department in the sourcing headquarters of adidas located in Hong Kong. COE Stands for Center of Excellence, an in-house consultant department which drives the strategic initiatives in the company.

                        Going back to school was a much required break in my professional career. Courses such as Supply Chain Management, Operations, Strategic Management and Leadership Development etc. added icing on the cake. Back to business as usual, I now appreciate and connect several functions of business.

                        One thing that has always continued to impress me is the work culture in the company. As there is no strict dress code, everything seems so casual and friendly. I hope to continue to wear the adidas brand on my sleeve figuratively and literally. I think I said enough. Well, just three more words: Impossible is nothing.

                        Raghunath KANDLAKUNTA

                        Full-time Class of 2016

                        Global Banking Recruiters Return to Campus

                        Recruiters in the global banking centers of New York, London and Hong Kong are taking advantage of a burst of economic optimism and returning to campus, reuniting the global alliance of business school and investment bank. Financial Times has recently published a feature story regarding the recruitment market of MBA graduates in the banking and […]

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                          Recruiters in the global banking centers of New York, London and Hong Kong are taking advantage of a burst of economic optimism and returning to campus, reuniting the global alliance of business school and investment bank.

                          Financial Times has recently published a feature story regarding the recruitment market of MBA graduates in the banking and finance industry of the three cities. The newspaper’s business editor Della Bradshaw spoke to deans/directors of MBA career services/career development centers at six business schools in New York, London and Hong Kong.

                          Structural differences in the graduate hiring market between New York and London are significant. In contrast to Wall Street, investment banks in London have traditionally employed undergraduates and master’s students without work expreience for entry-level analyst jobs, rather than the more expensive MBAs for associate positions.

                          Marjorie Chang, Administrative Director of Career Management Center at CUHK Business School’s MBA Program, says in an interview with Financial Times that “in Asia’s financial center, Hong Kong, the story changes again, and that one of the obvious scenarios is that we have seen increased hiring from Chinese firms—banks and investment companies—both in China and Hong Kong.”

                          Chang points out that “in the past two years, we have seen a lot of private equity companies investing in Hong Kong, and these firms are using the city as a base to raise funds to invest in the Asian market, including India and China.”

                          She also adds that several of the private equity firms that have launched in Hong Kong are from India—a welcoming news for Indian students. Besides, these firms are proving increasingly popular among today’s MBA graduates, who are looking for more diverse jobs.”…

                          Media: Financial Times
                          Section: Business Education
                          Date published: Jun 28, 2015
                          Re: Marjorie Chang, Director of CUHK MBA Career Management Center

                          New MBA Courses to Prepare Students for New Challenges in Financial Industry

                          The banking and finance sector has always been an important Hong Kong economic pillar. The sector has undergone tremendous change since the financial tsunami in 2008. In the years since, considerable new emphasis has been placed on risk management and compliance in nearly all financial institutions. Major investment banks, commercial banks and investment houses have […]

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                            The banking and finance sector has always been an important Hong Kong economic pillar. The sector has undergone tremendous change since the financial tsunami in 2008. In the years since, considerable new emphasis has been placed on risk management and compliance in nearly all financial institutions. Major investment banks, commercial banks and investment houses have all invested significant resources to deal with this challenge.

                            As a leading business school in the Asia-Pacific region and the world, the CUHK (Chinese University) Business School MBA Program has responded to the dynamic needs of the financial industry with the introduction of several new courses including risk management for banks, a new course taught by seasoned, prominent bankers and chief risk officers from major institutions that blends theory with practice to equip our students with the necessary skills to excel in this area.

                            The CUHK MBA has also launched a new course on project finance, something of particularly strong relevance to Asia. The course will help students tap into the many career opportunities resulting from the formation of the Asian Infrastructure Investment Bank (AIIB) and the “One Belt, One Road” initiative proposed by Beijing. Finance professionals equipped with the relevant skills and knowledge in this area will make significant contributions to Asia in the coming decades.

                            As the pioneer in business education in Hong Kong and the region, the CUHK MBA also puts a strong emphasis on providing students with education and development opportunities in venture capital and private equity. To do so, we have worked with prominent industry professionals to develop the Pan-Asia Venture Development Platform (PAVD), an independent, self-funded platform with a mission to engage CUHK MBA students and graduates in the development of quality high-growth ventures in Asia. Under the unique PAVD platform, our students work together with existing new ventures to re-think and present their business plans to our network of 35 registered early-stage investors, some of whom also co-teach with our faculty and provide live-project opportunities for our students.

                            Supplementing recent curriculum developments with the generous support of our alumni, we also offer the region’s only Elite Mentorship Program for MBA students. This offers invaluable one-on-one coaching and guidance to our full-time students, helping them to maximise their personal and career development. Our mentors – all of whom are senior alumni of our MBA and EMBA programmes and who include chairmen, CEOs, managing directors and general managers of leading local and multinational companies – are paired with full-time students based on their career interests and aspirations. For the students, gaining access to the insight of elite business leaders is a long-lasting and invaluable asset in today’s increasingly complex and competitive world.

                            Media: South China Morning Post
                            Section: Education Post
                            Date published: April 21, 2015

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                            Interim Employment Update – Class of 2015

                            Early update of employment progress of CUHK MBA Class of 2015 – We are pleased to share some early updates on the whereabouts of our CUHK MBA global talents, Class of 2015. The up-to-date employment rate is up to 76%, which indicates a 10% increase when compared with last year. It is encouraging that 87% […]

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                              Early update of employment progress of CUHK MBA Class of 2015 – We are pleased to share some early updates on the whereabouts of our CUHK MBA global talents, Class of 2015. The up-to-date employment rate is up to 76%, which indicates a 10% increase when compared with last year.

                              It is encouraging that 87% of the employed are staying in Asia including Hong Kong, China, Thailand, Singapore, Japan, Malaysia and India), of which 54% are in Hong Kong.

                              In terms of industry distribution, Banking/ Finance (32%), Technology (17%) and Consulting (13%) are the 3 leading sectors for our graduates.

                              Partial Employer List – Class of 2015:

                              MBA Admissions Q&A: CUHK – by TOP MBA

                              The Chinese University of Hong Kong (CUHK) is one of the biggest names in Asian higher and business education. Founded in the 1960s as the result of a merger between three other institutions, the public university was originally intended to provide Chinese-language instruction in the then British-controlled city state – although this is not so […]

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                                The Chinese University of Hong Kong (CUHK) is one of the biggest names in Asian higher and business education. Founded in the 1960s as the result of a merger between three other institutions, the public university was originally intended to provide Chinese-language instruction in the then British-controlled city state – although this is not so much the case now (the MBA program is delivered in English for one thing).

                                Hong Kong, of course, gives one direct exposure to the consistent excitement of the Chinese business landscape, while also boasting strong connections to the West, meaning that studying there is a truly global experience. The Western connection means that it is also a less intimidating study environment than other Asian destinations might be for students from the Americas or Europe.

                                Sound appealing? We spoke to administrative director Lawrence Chan to find out more about the CUHK MBA program admissions process.

                                What is the typical acceptance rate and the typical ratio of domestic to international students in the CUHK MBA program?
                                We don’t differentiate between international and domestic students when it comes to admissions and acceptance to our MBA programs. We have very few local applicants who are originally from Hong Kong. 90% of our students are non-local; therefore we apply exactly the same criteria.

                                I always suggest that students don’t focus on the acceptance ratio but rather on why they want to study at a school, and if they are the right fit. If they do this, they will have a much better chance of being accepted. So don’t make application decision simply based on ratio. Strong candidates will receive multiple offers and then they can choose, while others may never receive one; the ratio means nothing to them!

                                What is one mistake you see applicants make?
                                One common and sometimes pretty serious mistake is setting up unrealistic expectations related to changing career. Another common one is putting another school’s name in the statement they sent to me…and maybe vice versa too!

                                We put a lot of emphasis on career planning. We would like to see evidence of better planning and research about career objectives and what they want to do after the MBA from applicants.

                                What is something you would like to see applicants do more often?
                                Again, to be better prepared for their future career plans, taking some measures before starting their MBA to facilitate that change. Many applicants from other backgrounds want to move into the finance industry after their MBA for example. I often advise them that a career change does not take place overnight. They should plan ahead and make some progress with their CFA exams BEFORE the MBA, demonstrating to employers from financial institutions that they possess the necessary technical and managerial skills to move into jobs in the finance industry when they graduate.

                                What does the CUHK application process look like?
                                It would be similar to other top schools, everything is done online and we try to reduce the number of required supporting documents rather than asking for an extensive array. Our essays focus on personal development and goals. We put a lot of emphasis on interviews and therefore we would recommend applicants to apply and go through the interviews (if invited). They could even submit their GMAT score later.

                                What are some of the tests, official documents, and other hurdles that international students must deal with?
                                Hong Kong is a very open to international applicants; our visa and governmental processes for international applicants are reduced to a minimum. We assist with visa application and accommodation.

                                How can a candidate overcome a lower GMAT score?
                                Allow yourself more time to prepare –students who have been out of school for a longer time need to warm up and be prepared to get back into test mode. It is very common that applicants applying to MSc programs (who normally do not require work experience) score higher than MBA applicants. MSc applicants are still students and in the right mindset.

                                Admissions tips
                                Essay: Be yourself, tell your story rather than try to copy something from other sources or celebrities.

                                Interview: Be prepared. Check the facts on the CV and be prepared to answer questions challenging those facts.

                                Letter of recommendation: Don’t just ask somebody with a good title. They will produce a nice written letter without much substance. It is better to ask somebody who really knows you. We can tell, as they write with their heart.

                                CV/résumé: Check for spelling errors, be very accurate about the start and end dates of previous roles. Focus on facts and measureable results. Don’t be limited by a conceptual one page CV; control the length but present the best of you.

                                School visit: Ask to talk to current students – use the precious time to ask questions specifically about your own objectives and goals, rather than factual information that you can always find on a website.

                                Media: TOP MBA
                                Date Published: March 25, 2015

                                Original Post >>

                                CUHK Ranks #30 in Financial Times Global MBA Ranking 2015

                                FT Global MBA Ranking 2015no.30 Overall Ranking for CUHK MBA Full-time ProgramCUHK MBA Program has been ranked 30th in the Financial Times Global MBA Ranking 2015, as one of the top-ranked MBA programs in Asia. no.1 in Hong Kong in terms of Career Progress and Salary Percentage IncreaseWe are especially glad that we are ranked […]

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                                  FT Global MBA Ranking 2015
                                  no.30
                                  Overall Ranking for CUHK MBA Full-time Program
                                  CUHK MBA Program has been ranked 30th in the Financial Times Global MBA Ranking 2015, as one of the top-ranked MBA programs in Asia.

                                  no.1
                                  in Hong Kong in terms of Career Progress and Salary Percentage Increase
                                  We are especially glad that we are ranked No.19 globally and No.1 in Hong Kong in terms of career progress, indicating that the program is able to enhance its full-time graduates’ employability and career advancement. In particular, the average salary of our surveyed graduates reached US$123,035 (HK$959,673) per annum three years upon their graduation, which signifies an increase of 125% over their pre-MBA salaries. This outstanding increase is best-ranked in Hong Kong and at the same time the 6th highest in the globe, which again demonstrates the significant impact of the program.

                                  Full Press Release >>

                                  Dean Talks to Financial Times in London Interview

                                  After having graduated from the Chinese University of Hong Kong 28 years ago, Prof. Kalok Chan returned to his alma mata and stepped into his new role as Dean of the CUHK Business School on November 4, 2014. In early January, he was interviewed by Financial Times’ Business Education Editor Della Bradshaw in London. During […]

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                                    After having graduated from the Chinese University of Hong Kong 28 years ago, Prof. Kalok Chan returned to his alma mata and stepped into his new role as Dean of the CUHK Business School on November 4, 2014. In early January, he was interviewed by Financial Times’ Business Education Editor Della Bradshaw in London. During the interview, he shared his vision and mission as the new Dean.

                                    In the article featured in FT’s “Meet the Deans” column–both online and in print–the Dean admits that in the old days, CUHK was more an institution focused on teaching, but over time, it has built a research program and recruited a faculty with strong research interests.

                                    The Dean believes CUHK Business School’s early focus on China has brought advantages to the School. While other Hong Kong schools are trying to establish links with China, CUHK already has two well-established programs there–a Master’s degree in accounting taught in Shanghai and a finance MBA taught jointly with Tsinghua University in Beijing and Shenzhen.

                                    The Dean has set his priority to improve the School and its programs, and he plans to establish relationships with business schools in the United States and Europe, aiming to bring together schools from the East and the West.

                                    As Asia increasingly becomes a hub of economic activities, especially due to the rapid growth of China and India, Prof. Chan shares in a video interview with Bradshaw that this could benefit business schools in the region. He also explains to the FT editor what challenges lie ahead.

                                    To view the video interview, please click the image below.

                                    Mr. Charles Li Generates Strong Enthusiasm at Global Leader Series Talk

                                    The Global Leader Series held on 18 November drew a full house of over 300 attendees to fill the Grand Ballroom of New World Millennium Hong Kong Hotel in Tsimshatsui. Before a diverse and captivated audience, guest speaker Mr. Charles Li, Chief Executive of Hong Kong Exchanges and Clearing Limited, shared his insights and timely […]

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                                      The Global Leader Series held on 18 November drew a full house of over 300 attendees to fill the Grand Ballroom of New World Millennium Hong Kong Hotel in Tsimshatsui. Before a diverse and captivated audience, guest speaker Mr. Charles Li, Chief Executive of Hong Kong Exchanges and Clearing Limited, shared his insights and timely analysis of the ‘Shanghai-Hong Kong Stock Connect’, a topic that highly interested everyone.


                                      The influential speaker Mr. Charles Li addresses the timely topic of ‘Shanghai-Hong Kong Stock Connect’

                                      The Global Leader Series connects an international audience through an inspiring lecture coupled with a networking reception. This high-profile talk was hosted by CUHK Pro-Vice-Chancellor Prof. Michael Hui and the new dean of the CUHK Business School Prof. Kalok Chan. “As the new dean of the Business School, it is my pleasure to host the Global Leader Series for the first time,” said Prof. Chan. “It is our privilege to have an influential leader such as Mr. Charles Li present an inspiring speech on a timely topic before our distinguished guests, alumni and students.”

                                      Captivated attendees from academic, business and political circles rave about the lecture

                                      Mr. Li addressed the growing relationship between Hong Kong and China and how the respective markets can be further integrated and mutually beneficial. He expressed pleasure with the opportunity to interact with an engaging audience. “I wish to thank the Business School for inviting me to speak to a dynamic group of people at this noteworthy time as the economies of Hong Kong and China grow.” Mr. Li’s keen insights and eloquence riveted all the attendees, who responded with thunderous applause.

                                      The impressive audience covered a mix of academic, economic and political ranks. There were Hong Kong-based diplomats from the Consulates General of Canada, France, Russia, the United Kingdom and the United States. Other eminent business leaders included Mr. Choi Park Lai, Chairman of Shun Lung Yan Chak Foundation Limited; Mr. Simon Galpin, Director General of Investment Promotion of InvestHK; Ms. Leonie Ki, SBS, JP, Executive Director of New World Development Company Limited; Mr. Paul Smith, Managing Director of Asia Pacific at CFA Institute; Mr. Kenneth Kok, Executive Director of Goldman Sachs (Asia) LLC; Mr. David Leahy, Managing Director of Sales and Marketing at JP Morgan; and Mr. Albert Ip, Executive Director and Chief Executive Officer of Langham Hospitality Investments Limited. In addition, our illustrious alumni included Mr. Rayon Chu, Assurance Partner of PwC; Mr. Chan King Cheung, Deputy Publisher and President of Hong Kong Economic Journal Digital; Mr. Lau Sai Yung, Executive Chairman of Union Alpha Group; Ms. Daisy Lee, Head of Human Resources Operations (Non-Racing) of Hong Kong Jockey Club; Mr. Jacky Tsang, Executive Director of Finance and Treasury Division of BOC International Holdings Limited; Dr. Peter So, Managing Director of Securities Research of CCB International Securities Limited; and Mr. Wong Kim Man, Chief Financial Officer of Hong Kong Electric Investments Limited…

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                                      New Student Entrepreneurial Initiatives at CUHK

                                      To many, ‘student entrepreneurship’ conjures up an image of a bunch of 20-year-old students staying up late in a dorm room testing out their makeshift products──just as how the legendary Steve Jobs,Bill Gates, Larry Page, Sergey Brin, Mark Zuckerberg and the like came up with world-shaking ideas when they were students. However, at CUHK, student entrepreneurship may […]

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                                        To many, ‘student entrepreneurship’ conjures up an image of a bunch of 20-year-old students staying up late in a dorm room testing out their makeshift products──just as how the legendary Steve Jobs,Bill Gates, Larry Page, Sergey Brin, Mark Zuckerberg and the like came up with world-shaking ideas when they were students. However, at CUHK, student entrepreneurship may take different forms.

                                        Prof. Fanny M.C. Cheung, Pro-Vice-Chancellor (Research) at CUHK, knows it well. She has been working at CUHK, a public institution richly steeped in Chinese heritage, for more than 30 years. Her colleagues would brand her an ‘entrepreneur’ because of the many research centres, programmes, non-profit associations and public bodies that she has founded inside and outside campus. ‘You don’t need to start your own business to become an entrepreneur’, she explained. ‘Entrepreneurship is about creativity and flexibility; it’s about seizing an opportunity with whatever little resource you have to create a new entity with an impact. Entrepreneurship is not tied to the setting of a workplace; it is related to the mindset and attitude of the workers.’

                                        So when Prof. Joseph J.Y. Sung, Vice-Chancellor of CUHK, suggested to set up a startup incubator on campus, Professor Cheung studied how other world-class universities support student entrepreneurship before she started discussing with the stakeholders. Professor Cheung recalled, ‘We arrived at the idea of a Pre-incubation Centre (Pi Centre) for our students to acquire entrepreneurial thinking and how to become entrepreneurs.’

                                        The concept of an incubator for student entrepreneurship did not just come out of the blue. ‘CUHK has been hosting and participating in a number of local and international student innovation and entrepreneurship events every year,’ explained Prof. Wong Kam-fai, chairman of the Committee of Advancement of Student Entrepreneurship and Innovation. ‘Many of these events are in the form of competitions held in Hong Kong, the mainland and the US. We have felt a rapid growth in student innovation and believed that it was the right time to have a dedicated space for students to turn their creativity into ventures on an ongoing basis.’

                                        From left: Prof. Fanny M.C. Cheung, Pro-Vice-Chancellor; Prof. Joseph J.Y. Sung, Vice-Chancellor; Mr. Allen Yeung, vice president, Hong Kong Science and Technology Parks; Mr. Mingles Tsoi, project director, Centre for Entrepreneurship, CUHK; and Mr. Kelvin Wu, principal partner, AID Partners Capital Limited; hosting the opening ceremony of the CUHK Pre-incubation Centre

                                         

                                        The establishment of the Pi Centre was finally decided in late 2013 and it has been in operation since February 2014. The first call for application attracted 22 teams of students, among which nine teams were selected by a panel of external industry advisers. The second call for application in September 2014 attracted 20 teams, and seven teams were selected. The admitted teams are provided with a stimulating and a well-equipped workspace in the Lady Ho Tung Hall supported by a full-time staff member, and mentored by an experienced consultant. To date, a few teams from the first call for application have developed well enough to exit the Pi Centre, and one of them is ready to move to the Hong Kong Science and Technology Parks to start a business.

                                        The Pi Centre is operated by the Centre for Entrepreneurship under the directorship of Prof. Kevin Au. ‘For many years, we had developed many programmes and facilitated many activities for students, professors, and alumni to meet with experienced entrepreneurs and investors in Hong Kong,’ Professor Au said. ‘What had been missing was a dedicated place where people could meet for regular events or just stopped by to check things out. Now, with the Pi Centre, we finally have a place where participants can shape a culture──a culture of sharing, openness, and mutual benefits. We want participants to feel that the Pi Centre is inspiring, resourceful, and full of smart and friendly people, and they will look forward to coming back again and again.’ The Pi Centre holds workshops and events regularly, sometimes in the evening, to make it easier for even entrepreneurs and speakers from outside CUHK to participate and share their experience.

                                        Student entrepreneurship at CUHK reached another milestone last month when a new fund known as the ‘Technology Start-up Support Scheme for Universities’ (TSSSU) was made available to CUHK students and professors to start their own companies. This HK$4 million annual fund, provided by the Innovation and Technology Commission (ITC) of the HKSAR Government, is administered by CUHK’s Office of Research and Knowledge Transfer Services (ORKTS). Each company selected by a CUHK advisory panel can receive a subsidy of up to HK$500,000 per year for up to three years. Dr.Tony Tsoi, associate director of ORKTS, highlighted the significance of this new fund, ‘Startup companies with great product ideas often fail prematurely before they attract funding from investors. With this new fund from ITC, these companies can hold on long enough to prove to investors the feasibility and market demand for their products.’

                                        The success rate of startups is low, and most successful entrepreneurs hone their skills and knowledge by learning from failures. While student entrepreneurship is given a tangible push with the establishment of the Pi Centre and the TSSSU fund, what is really important to CUHK is the entrepreneurial experience that students can gain when developing their ideas into ventures. It is the experience of going through many ups and downs that students learn about handling failure, perseverance, conflict resolution and, most importantly, themselves.

                                        CUHK Newsletter, no. 447 [19 November 2014]

                                        Employment Report – Full Time MBA Graduates 2014

                                        ASIA MOMENTUM Please click here for full report.

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                                          ASIA MOMENTUM
                                          Please click here for full report.

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