Last chance for the Hong Kong residents to apply for intake 2021 and click here to apply by 4 July 2021!
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Release of 2015 Graduate Resume Book of MBA Programs
“A PALETTE of GLOBAL TALENT” The Career Management Center, MBA Programs, CUHK Business School proudly presents the 2015 Graduate Resume Book which features our MBA graduates and talents of the full-time 2015 class. The theme this year is “A PALETTE of GLOBAL TALENTS” which signifies the vibrant diversity of talents in the programs. This publication features […]
The Career Management Center, MBA Programs, CUHK Business School proudly presents the 2015 Graduate Resume Book which features our MBA graduates and talents of the full-time 2015 class. The theme this year is “A PALETTE of GLOBAL TALENTS” which signifies the vibrant diversity of talents in the programs. This publication features the profiles of high-caliber professionals who are or will soon be embarking on a colorful new journey in their career spanning across the globe. In addition to the hardcopy, the Career Management Center has also released an e-version which is made available for the environmental friendly employers.
Alumni and employers around the world are welcome to contact the Career Management Center if interested in recruiting CUHK MBA talents for full-time or internship openings. Requests for resume books can be sent to the center here. Recruiters can also register on the Online Career Center here to access the talent search engine and find out more about working with the CUHK MBA Career Management Center for talent acquisition.
Booming Startup Ecosystem Signals Bright Future for Hong Kong Entrepreneurs
According to findings revealed today from Google and the Chinese University of Hong Kong (CUHK) Center for Entrepreneurship’s new study, Hong Kong’s startup ecosystem has grown by almost 300% since 2009, with significant growth in physical hubs, startup accelerators and incubators, funding providers, and university support. However, in contrast with the city’s business-friendly policies and […]
According to findings revealed today from Google and the Chinese University of Hong Kong (CUHK) Center for Entrepreneurship’s new study, Hong Kong’s startup ecosystem has grown by almost 300% since 2009, with significant growth in physical hubs, startup accelerators and incubators, funding providers, and university support. However, in contrast with the city’s business-friendly policies and growing startup ecosystem, Hong Kong’s overall entrepreneurial spirit remains low as local entrepreneurs face pressure from societal values and experience challenges in securing seed capital from local financial resources.
Years of economic prosperity has resulted in a high risk-averse society, leading to younger generations opting for safer career options encouraged by parents. Social antipathy in Hong Kong to embark on an atypical career path is also strongly perpetuated by friends in addition to family. The study noted that pressure from family and friends of entrepreneurs who decided to delay their plans increased 39% and 436% respectively after entrepreneurs enrolled in startup-related programs.
In tandem with the social pressure aspiring entrepreneurs face from family and friends, they also have few options for early investment – 88% of entrepreneurs stated their major source of seed capital as self-funding. Despite an abundance of financial resources given Hong Kong’s status as a global financial hub, professional investors are not contributing to local startups because of various reasons, such as Hong Kong’s small market size, a lack of strong business ideas and legal issues that prevent investment opportunities. In consequence, 64% of experts stated the most important limitation for Hong Kong entrepreneurs is inadequate accessibility to financial resources.
Nevertheless, experts note that the future is bright for reviving the city’s entrepreneurial spirit, as major institutional players continue to accelerate investment and involvement in the city’s startup environment. In addition, knowledge providers from the private sector and universities are becoming more involved in offering programs and trainings tailored to meet the needs of entrepreneurs.
Dominic Allon, Managing Director of Google Hong Kong
Dominic Allon, Managing Director of Google Hong Kong, said, “There is still much to be done to build a better ecosystem for local youngsters and entrepreneurs. Through the EYE Program, we want to address the challenges entrepreneurs face by inspiring them with a positive mindset, empowering them with multidisciplinary skills, and providing valuable networking opportunities. We are delighted to see how the EYE Program has taken off thus far, and hope our commitment will push forward the ecosystem and industry partners to turn Hong Kong into a digital hub for entrepreneurs.”
Prof. Kevin Au, Director of CUHK Center for Entrepreneurship
Professor Kevin Au, Director of CUHK Center for Entrepreneurship, explains, “If we were to describe Hong Kong’s entrepreneurial ecosystem with startup theory, we would conclude that it has performed a mostly successful commercialization and is now in its growth stage. Hong Kong is waking up, as one of our experts said, and it is doing it with its well-known dynamism and drive. What’s the next step? Initiatives like the EYE Program are making a sizeable contribution to advancing Hong Kong’s overall startup community, and we encourage more participation from the broader society to make an even bigger impact.”
The final report, available in November, will include a detailed analysis of trends, challenges and opportunities, as well as recommendations for Hong Kong becoming the hub for entrepreneurs.
A snapshot of key findings from the EYE Program Entrepreneurship Ecosystem of Hong Kong Interim Report includes:
A typical Hong Kong entrepreneur
Based on responses from the 612 surveyed entrepreneurs, a typical Hong Kong entrepreneur is male (72%), most likely between 21 to 25 years old (38%), holds a B.A. (58%) from a local university (83%).
Most entrepreneurs cite their major strengths as creative thinking, business management and presentation skills, while the least strong were fundraising, coding and most have them had no experience in entrepreneurship.
The key factors that Hong Kong’s young entrepreneurs consider before deciding to launch a startup are availability of business opportunities and knowledge, supply and use of technology and creative ideas, and availability of funding sources for entrepreneurs.
People who postponed their decision to pursue entrepreneurship think that regulation and policies in Hong Kong are not tailored enough for the needs of entrepreneurs (most important institutional factor), and that there is not enough funding availability (second most important factor).
Societal factors are preventing entrepreneurs from making the leap
The lack of economic necessity and financial security is amplifying high-levels of risk aversion, in addition to pressure from older generations to enter less risky careers.
Entrepreneurs face increasing pressure from friends and family after enrollment in entrepreneurship programs. Entrepreneurs who postponed their startups faced on average 39% and 436% increase in pressure from family and friends respectively.
Challenges in obtaining early-stage investment and seed capital
Most entrepreneurs surveyed stated self-funding (88%) as the major source of seed capital. Meanwhile, banks are the least represented as a funding source of early stage capital (6%), followed by venture capitalists (8%).
According to experts, financial accessibility ranks as the biggest weakness (64%) in Hong Kong’s entrepreneurial ecosystem. The experts interviewed emphasized the contrast between the availability (abundant) and accessibility (very low) of financial resources from these formal channels.
Hong Kong has a high abundance of financial resources, with 260 established Hong Kong-based venture capital firms in 2013 investing in startups and 25% of startup support ecosystem being populated by funding providers in 2014. However, there is limited domestic investment from these groups: only an estimated 1.8% of total local venture capital investment and 21% of Hong Kong angel investor funding went to local startups from 2009 to 2013.
The future is bright
The number of co-working spaces has grown from 1 in 2009 to 22 in 2014, startup accelerators and incubators have more than tripled from 6 to 16, knowledge providers have more than doubled from 14 to 37, and funding providers (including associations HKBAN and HKVCA as single entities) have almost tripled from 16 to 42.
Direct funding from businesses to local universities has grown by 35% and government-matching collaboration programs have tripled since 2009, indicating private and public sector recognition of the importance of entrepreneurial studies and knowledge exchange.
Youngsters are positive in taking on the entrepreneurial journey, as the network of co-working spaces, funding and knowledge providers, and government programs continues to grow and better connect to the ecosystem.
Experts are positive about the future of Hong Kong’s entrepreneurship ecosystem, with its growing momentum.
The EYE Program Entrepreneurship Ecosystem of Hong Kong Interim Report is a comprehensive study from over 400 sources, including survey responses from 612 young entrepreneurs, interviews from a panel of 12 local experts, analysis from international databases and reports, and social networks assessing the viability of the local entrepreneurship ecosystem. The goal is to identify the growth and challenges in Hong Kong’s startup ecosystem, and to generate enthusiasm and support for aspiring entrepreneurs.
The press release is issued by Google.
Antony Leung Kam-chung Inspires Full House at Global Leader Series
The much-anticipated Global Leader Series talk delivered by Mr. Antony Leung Kam-chung, former Financial Secretary of HKSAR Government and current Group Chief Executive of Nan Fung Group, proved highly successful on 15 May as all 300 seats were filled at the ballroom of the InterContinental Grand Stanford Hong Kong. The event was hosted by the […]
The much-anticipated Global Leader Series talk delivered by Mr. Antony Leung Kam-chung, former Financial Secretary of HKSAR Government and current Group Chief Executive of Nan Fung Group, proved highly successful on 15 May as all 300 seats were filled at the ballroom of the InterContinental Grand Stanford Hong Kong.
The event was hosted by the Pro-Vice-Chancellor of CUHK, Prof. Michael Hui, and the Dean of CUHK Business School, Prof. Vernon Hsu. Distinguished guests, alumni and students of the Business School enjoyed a relaxed and inspiring evening, interacting with one another in a reception before Mr. Leung shared his insights in a talk titled ‘Thoughts on Hong Kong’s Future Economy and Job Market’. Mr. Leung expressed his views on economic as well as social and political issues, explaining how Hong Kong should leverage its prominent position arising from China’s booming economy. He also offered tips to the young on how to equip themselves amidst globalisation and technological advancement. The audience responded with thunderous applause.
Mr. Leung stated, “I am honoured to have the opportunity to share my thoughts with distinguished leaders from a wide variety of backgrounds, many of whom are alumni of the Business School. It was an enjoyable evening with cherished memories.”
The event attracted an international mix of influential business, academic and diplomatic leaders, including Mr. Alan Chow, Executive Director of the D. H. Chen Foundation; Mr. Alex Lui, Executive Director of K. Wah International Holdings Limited; Ms. Alice Ip, Executive Director of Sino Group; Ms. Anita Fung, CEO, Hong Kong of HSBC; Mr. Andrew Kam, Managing Director of Hong Kong Disneyland; Mr. Te Chi Wang, Principal Assistant Secretary of the Constitutional and Mainland Affairs Bureau; Mr. David O’Rear, Chief Economist of Hong Kong General Chamber of Commerce; Mr. Wilson Shao, Managing Director of Ngong Ping 360 Limited; and Hong Kong-based diplomats from the Consulates General of Australia, Finland, Russia and the U.S. Prominent business school alumni included Mr. FC Lo, Chairman of FC Packaging Holding Limited; Mr. Bankee Kwan, Chairman of CASH Financial Services Group Limited; Ms. Norris Lam, Managing Partner and President of Forbes Private Capital Group Asia; Dr. Peter So, Managing Director of CCB International; Mr. Chan King Cheung, Chief Editor and Director of Hong Kong Economic Journal Company Limited; Mr. Daniel Chong, CEO of Yata Limited; and Mr. Ivan Wong, Managing Director, Head of Corporate Sales, Greater China of HSBC.
Now in its third year, the Global Leader Series organised by the Alumni and Corporate Affairs Office invites influential scholars and experts to exchange ideas on social, economic and other topics of public interest. Dean Prof. Vernon Hsu remarked, “It was a profound privilege to have Mr. Antony Leung speak at our Global Leader Series. I am certain everyone admires the wisdom and charisma of this influential business leader. We look forward to the continued support of our fellow alumni and friends to this inspiring event series.”
LENS Program
CUHK MBA has launched a new and unique management training and development program LENS (Learning management Essentials for your Next Stage). This is a tailor-made program highly relevant to current working professionals, whom are aiming at moving up to a team lead / manager role in 1-2 years’ time. The program will include 4 modules […]
CUHK MBA has launched a new and unique management training and development program LENS (Learning management Essentials for your Next Stage). This is a tailor-made program highly relevant to current working professionals, whom are aiming at moving up to a team lead / manager role in 1-2 years’ time. The program will include 4 modules in 12 different sessions being held over a period of 24 months, specifically enhancing your skillsets inManaging Self, Managing Up, Managing Down and Managing Across.
MBA Jobs in Hong Kong & China with CUHK Career Services Director Marjorie Chang
“Every student coming in should have 2-3 target companies in mind. See if these companies have operations and growth plans in Asia… if you’re thinking of moving to Hong Kong, China or Singapore, look at jobs that are relevant to your experience and try applying for them… An MBA is an important investment, so you […]
“Every student coming in should have 2-3 target companies in mind. See if these companies have operations and growth plans in Asia… if you’re thinking of moving to Hong Kong, China or Singapore, look at jobs that are relevant to your experience and try applying for them… An MBA is an important investment, so you have to get yourself better prepared so you know more about the market before you come. There are a lot of hurdles in front of you, but if you know them earlier, you’ll manage your expectations and you will get results.”
The world’s economic center is shifting East, and MBA programs are adjusting their offerings – and marketing pitches – accordingly. HKUST markets itself as “the best in Asia,” NUS as “the gateway to Asia” and CEIBS as giving students “the China edge.”
This week I sat down with Marjorie Chang, Director of CUHK’s Career Management Centre, to separate fact from fiction. Do MBAs really have more opportunities in Asia? How can international students best prepare themselves for successful careers in Hong Kong and China? And what are multinational and local employers looking for in candidates?
Marjorie has helped CUHK MBAs find jobs for nearly 8 years. I love her direct answers. Listen on to get an “on the ground” picture of the job market in Hong Kong and China. You’ll also get insight into how MBA admissions evaluates your post-MBA career goals.
Connecting with the World : Empowering Young Entrepreneurs for the New Digital Age – Mr. Eric Schmidt, Executive Chairman of Google talks at CUHK Business School
Google and CUHK Aim to Boost Hong Kong Entrepreneurs HONG KONG, November 4, 2013 – Google announced Monday that it will be partnering with The Chinese University of Hong Kong on a program to help students and young entrepreneurs in Hong Kong to innovate and connect with the global community. Speaking at “Connecting with the […]
Google and CUHK Aim to Boost Hong Kong Entrepreneurs
HONG KONG, November 4, 2013 – Google announced Monday that it will be partnering with The Chinese University of Hong Kong on a program to help students and young entrepreneurs in Hong Kong to innovate and connect with the global community.
Speaking at “Connecting with the World: Empowering Young Entrepreneurs for the New Digital Age” event, Google Executive Chairman Eric Schmidt said, “Hong Kong has been one of history’s most successful incubators for entrepreneurs. Our goal with this program will be to help sustain and enhance that culture, enabling the next generation of digital innovators in Hong Kong.”
CUHK Vice-Chancellor Professor Joseph Sung said, “As a forward looking comprehensive research university committed to excellence in education and research, CUHK always strives to explore innovative ways to enhance the learning experience of our students. We are pleased to become a key partner of Google to create a sustainable entrepreneurship ecosystem in Hong Kong; encourage students and young entrepreneurs to innovate, think big; and connect to the global community of entrepreneurs.”
Center for Entrepreneurship at CUHK Business School
The Chinese University of Hong Kong Center for Entrepreneurship (Cfe) was inaugurated on May 24, 2005 and is a research center under the Asia Pacific Institute of Business. The Cfe is an interdisciplinary association of scholars and practitioners united by research, teaching and community service for entrepreneurship.
Since its establishment, CfE aims to develop and provide innovative training, research, and consulting for different kinds of NGOs, governmental entities, and business corporations.
CUHK MBA renders full support to students with passion for starting their own business, including nurturing ideas, weaving the network with professionals in the industry and providing academic guidance.
For more detailed information about the concentration, please move to CUHK MBA Concentrations.
Global Leader Series Economic Forum: The Rise of the Asian Century
The Global Leader Series Economic Forum held on 16 October proved a great success, filling the Grand Ballroom of Kowloon Shangri-La with over 600 participants and drawing an impressive array of eminent speakers and attendees. Titled ‘The Rise of the Asian Century’, the forum featured four world-renowned economists: Prof. Liu Mingkang, former Chairman of the […]
The Global Leader Series Economic Forum held on 16 October proved a great success, filling the Grand Ballroom of Kowloon Shangri-La with over 600 participants and drawing an impressive array of eminent speakers and attendees. Titled ‘The Rise of the Asian Century’, the forum featured four world-renowned economists: Prof. Liu Mingkang, former Chairman of the China Banking Regulatory Commission; Prof. Robert C. Merton, 1997 Nobel Laureate in Economic Sciences and School of Management Distinguished Professor of Finance at MIT Sloan School of Management; Prof. Lawrence J. Lau, Chairman of CIC International (Hong Kong) Co., Limited; and Prof. Fred Hu, Chairman of Primavera Capital Group. Before a captivated audience, they knowledgeably presented their views on the challenges and opportunities of Asia’s economic and financial development as China continues to gain prominence.
Hosted by CUHK Provost Prof. Benjamin Wah and Dean of the CUHK Business School Prof. T. J. Wong, the event enjoyed additional distinction with the presence of the Honourable Mr. John C. Tsang, Financial Secretary of the HKSAR Government, to deliver an opening address. The extraordinary occasion was also noteworthy for officially establishing the ‘CUHK Business School Development Fund’, and forum sponsors posed for a group photo to commemorate this significant moment. All proceeds contributed to the forum were directed to the development fund, ensuring the world-class excellence of the Business School continues to benefit future generations.
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