https://www.scmp.com/rss/505458/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com [Sponsored Article] It was barely 18 months ago that Biz@HKUST last took a look at advances in FinTech, and the role our School played in supporting these developments. But such is the pace of change in technology, and in its transformative effect on so many aspects of the business world, that it is the right time to revisit different aspects of the subject again. As part of our continuing efforts to promote the development of FinTech, we have already launched one of the first FinTech MOOC... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2183023/fintech-hong-kong?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2183023/fintech-hong-kong?utm_source=rss_feed Fri, 25 Jan 2019 02:07:19 +0000 [Sponsored Article] Hong Kong’s Financial Secretary Paul CHAN brims with confidence about Hong Kong’s tech future. “There is vast potential for Hong Kong to become a premier FinTech hub, through leveraging our role as an international financial center, with a highly developed information and communication technology infrastructure, and ample finance and entrepreneurship talent,” he says. The figures Chan can cite on the increasing scale of the collaboration between tech businesses and financial... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2183022/platform-fintech-success?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2183022/platform-fintech-success?utm_source=rss_feed Fri, 25 Jan 2019 02:07:06 +0000 [Sponsored Article] Tim LUI recently took over as Chairman of Hong Kong’s Securities and Futures Commission (SFC). At a time of great technological transformation in the securities industry, Lui says he will strive to ensure that the SFC continues to protect the integrity of the city’s financial markets, while maintaining their international competitiveness. “The SFC needs to be open to the benefits of innovation but must also stay vigilant about potential risks,” Lui says. Striking the right... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2183020/helping-secure-hong-kongs-future?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2183020/helping-secure-hong-kongs-future?utm_source=rss_feed Fri, 25 Jan 2019 02:06:54 +0000 [Sponsored Article] While most people are in favor of greater efficiency and ease when it comes to shopping or investing, few want to put their hard-earned wealth at risk. In the age of FinTech, deciding how to strike a balance between convenience and security is one of the trickiest challenges facing the Deputy Chief Executive of the Hong Kong Monetary Authority, Arthur YUEN. Along with ensuring the stability of Hong Kong's currency and supervising its banks, the HKMA is also tasked with... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2183007/reducing-risk-regtech-rules?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2183007/reducing-risk-regtech-rules?utm_source=rss_feed Fri, 25 Jan 2019 02:06:40 +0000 [Sponsored Article] ZHONG Xiangqun, Chief Operating Officer of Bank of China (Hong Kong) (BOCHK), believes we have entered a golden age of FinTech. “Recent advances in technologies such as Artificial Intelligence (AI), biometrics, Open Application Programming Interface (API), big data and blockchain are driving a new landscape in the banking industry,” he says. Banking services have been redefined with the advent of new technologies. It is evident to Zhong that technology is changing the way... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182723/banking-fintech-future?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182723/banking-fintech-future?utm_source=rss_feed Fri, 25 Jan 2019 02:06:25 +0000 [Sponsored Article] Citi’s innovation strategy is “centered on its customers’ journey,” says Angel NG, CEO, Citi Hong Kong and Macau. “Any new technologies and innovations that we introduce have to meet clients’ needs or address an existing client ‘pain point’.” Ng believes emerging technologies - including robotics, artificial intelligence (AI), blockchain and cloud storage - combined with widespread smartphone adoption, better use of big data, and increased adoption of open Architecture... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182720/open-api-sharpens-customer-focus?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182720/open-api-sharpens-customer-focus?utm_source=rss_feed Fri, 25 Jan 2019 02:06:10 +0000 [Sponsored Article] FinTech has a key role to play not only as a disruptor of the financial services industry, but as a means by which traditional businesses can renew themselves and their relevance, according to Mike CHEN, CEO of China Everbright Bank Co. Ltd, Hong Kong Branch; Vice President of The Hong Kong Institute of Bankers. ­ Founded in Hong Kong in 1983, the China Everbright Group Limited is a large comprehensive financial holding group engaging in domestic and overseas financial and... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182717/fintech-bridge-world?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182717/fintech-bridge-world?utm_source=rss_feed Fri, 25 Jan 2019 02:05:42 +0000 [Sponsored Article] Helen KAN, Executive Director and Alternate CEO of China CITIC Bank International (CNCBI), and the bank’s Group Head, Personal and Business Banking Group, believes FinTech will fundamentally transform the way in which services are delivered. “The future of retail banking is about merging banking into customers’ daily lives,” she says. Even though Hong Kong is currently one of the world’s foremost financial hubs, Mrs Kan says the city will have to work to sustain its... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182716/redefining-banking?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182716/redefining-banking?utm_source=rss_feed Fri, 25 Jan 2019 02:05:23 +0000 [Sponsored Article] Our new faculty are young, diverse and dynamic, just like our school In the age of the global economy, it’s impossible for a modern business school to achieve excellent standards of teaching and research without promoting diversity in its faculty and its student body. The HKUST Business School’s global outlook is reflected in the fact that over 20 nationalities are represented in our 140-strong faculty body. That’s something we are very proud of. This year, we are delighted... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182713/new-faculty-highlights-cultural?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182713/new-faculty-highlights-cultural?utm_source=rss_feed Fri, 25 Jan 2019 02:05:04 +0000 [Sponsored Article] “With more than 300 FinTech companies, Cyberport is confident that it is one of the largest FinTech communities in the city,” says Peter YAN, CEO of the government-owned company that runs the creative digital community and incubation programmes for tech startups on the south side of Hong Kong Island. The Hong Kong government’s Innovation and Technology Bureau has two flagship organizations: Cyberport and the Hong Kong Science and Technology Parks (HKSTP). While the latter is... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182690/cyberports-fintech-community?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182690/cyberports-fintech-community?utm_source=rss_feed Fri, 25 Jan 2019 02:04:42 +0000 [Sponsored Article] Hong Kong’s FinTech sector is set to be a major game-changer in the world’s financial industry thanks to dedicated government team with offices in London and San Francisco. Biz@HKUST speaks to Charles D’HAUSSY, Head of FinTech at InvestHK, on how it is attracting top enterprises, startup entrepreneurs, investors and other stakeholders to help put Hong Kong at the forefront of this rapidly emerging sector. When it comes to promoting financial technology, there is no shortage... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182686/hong-kong-well-placed-be-global?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182686/hong-kong-well-placed-be-global?utm_source=rss_feed Fri, 25 Jan 2019 02:04:24 +0000 [Sponsored Article] Established only last year, HKEX’s Innovation Lab brings in-house talent together with FinTech startups to work on solutions for Hong Kong’s market operator. But despite the opportunities digital tech opens up, Lukas PETRIKAS, the Lab’s Co-head, believes “at its core, finance is absolutely human”. Unlike other stock exchanges, HKEX plays two major roles in capital markets. The first, the traditional one, is facilitating the buying and selling of securities in Hong Kong.... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182682/taking-stock-fintech?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182682/taking-stock-fintech?utm_source=rss_feed Fri, 25 Jan 2019 02:04:11 +0000 [Sponsored Article] HKUST has a growing reputation for nurturing the entrepreneurial and technical talent fueling the FinTech revolution. Here, four alumni share insights on the tech, from blockchain to AI and from robo-advisory services to digital payments, they have harnessed in their businesses. Mike GAULT and Guardtime Kellogg-HKUST EMBA alumnus Mike GAULT is the founder and CEO of Guardtime, a blockchain startup based in Tallinn, Estonia, that employs a team of over 150 cryptographers,... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182677/maintaining-startup-frame-mind?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182677/maintaining-startup-frame-mind?utm_source=rss_feed Fri, 25 Jan 2019 02:03:54 +0000 [Sponsored Article]  The innovations and rationalizations made possible by digital technology continue to transform the financial services industry. To help prepare skilled professionals and entrepreneurs who will shape a tech-driven future, three HKUST schools have combined their strengths to create a new master’s degree in Financial Technology (MSc in FinTech) Program. For Hong Kong to maintain its position as one of the world’s financial centers, both its well- established and its emerging... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182674/new-multi-disciplinary-program?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182674/new-multi-disciplinary-program?utm_source=rss_feed Fri, 25 Jan 2019 02:03:36 +0000 [Sponsored Article] By K.C. CHAN, Senior Advisor to the Dean and Adjunct Professor of Finance, HKUST Business School Former Secretary for Financial Services and the Treasury, the Government of HKSAR (2007-2017)   Rigorous application of regulatory principles without stifling true innovations should form the solid bedrock of a sound FinTech policy. Regulation is often seen to play a critical role in the development of FinTech. The early days of FinTech development saw many technology companies... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182673/regulating-fintech?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182673/regulating-fintech?utm_source=rss_feed Fri, 25 Jan 2019 02:03:22 +0000 [Sponsored Article]  By HUI Kai-lung, Deputy Head and Chair Professor, Department of Information Systems, Business Statistics and Operations Management, HKUST Business School   Blockchain has inspired a wave of digital innovations, but businesses need to think more deeply about the way it is used. In 2008, Satoshi Nakamoto published an ingenious paper sketching the idea and architecture to implement a peer-to-peer digital cash system called Bitcoin. The system was launched in 2009 and, since... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182648/blockchain-potential-disruption?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182648/blockchain-potential-disruption?utm_source=rss_feed Fri, 25 Jan 2019 02:03:08 +0000 [Sponsored Article] By Allen HUANG, Associate Professor, Department of Accounting, HKUST Business School   FinTech companies complain about disclosures, but investors can find them useful if they understand them. Accounting is fundamentally about information. In addition to the numeric information in the financial statements, there is a large amount of unstructured textual information in companies’ disclosures. For example, publicly traded companies are required to disclose both audited... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182647/textual-information-and-its?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182647/textual-information-and-its?utm_source=rss_feed Fri, 25 Jan 2019 02:02:52 +0000 [Sponsored Article] By CHEN Yanzhen, Assistant Professor, Department of Information Systems, Business Statistics and Operations Management, HKUST Business School   AI may enable computers to detect meaning from voices. We humans are good at detecting meaning from the nuances of voices, and we are often proud that we can infer information implicitly conveyed, and sometimes inadvertently revealed, by a speaker. Being able to discern subtleties in voices, and thus infer the underlying intentions of... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182625/voices-and-deeds-predicting-firm?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182625/voices-and-deeds-predicting-firm?utm_source=rss_feed Fri, 25 Jan 2019 02:02:38 +0000 [Sponsored Article]          As an indication of the importance of FinTech to Hong Kong’s prospects, the first award made to the Business School under the Research Grants Council’s Theme-based Research Scheme (TRS) is for research in this field. The project will examine the impacts of FinTech on individual investors, financial institutions and the industry to establish a roadmap for transforming the city into a global FinTech hub. FinTech is reshaping the world economy at an unprecedented pace.... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182624/charting-route-hong-kongs?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182624/charting-route-hong-kongs?utm_source=rss_feed Fri, 25 Jan 2019 02:02:25 +0000 [Sponsored Article]  Over the past one year, the Business School’s engagement with industries and in direct collaboration with commercial organizations has grown richer and deeper. Two partnerships highlight the value nurturing the talent required by today’s economy. First, the University signed a major cooperation agreement with the China Construction Bank to provide corporate training for its employees. Second, a new collaboration was agreed for a joint effort with KPMG China to develop the... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182553/engagement-commercial-world?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182553/engagement-commercial-world?utm_source=rss_feed Fri, 25 Jan 2019 02:02:11 +0000 [Sponsored Article]   Students of the Business School were extremely successful in participating and organizing case competitions in 2018. They have not only organized two major contests, but also won multiple local and international competitions. With strong support and generous sponsorship from the private sector, the School again organized two major case contests. Designed for undergraduate students, the HKUST International Case Competition welcomed 14 outstanding teams from top business... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182550/winning-streak?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182550/winning-streak?utm_source=rss_feed Fri, 25 Jan 2019 02:00:56 +0000 [Sponsored Article] Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach HUANG, Allen | LEHAVY, Reuven | ZANG, Amy | ZHENG, Rong Management Science, forthcoming When a firm discloses important corporate information, analysts are usually right on their tail with reports about what was said. A new study has confirmed that these reports serve a valuable function for investors because they interpret, flesh out and confirm managers’ statements. The study, by Allen Huang,... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182531/value-analyst-reports?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182531/value-analyst-reports?utm_source=rss_feed Fri, 25 Jan 2019 01:58:16 +0000 [Sponsored Article]   Abusing ETFs BHATTACHARYA, Utpal | HACKETHAL, Andreas | LOOS, Benjamin | MEYER, Steffen Review of Finance, 2017, vol 21, 1217-1250   Exchange-traded funds (ETFs) have been one of the most successful product innovations in the finance industry. Among their attractions is the potential to help individual investors attain theoretically-sound portfolios – those that are well-diversified and low-cost. Since the first ETF was launched in 1990, their numbers have mushroomed such... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182530/poor-timing-and-heavy-hand?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182530/poor-timing-and-heavy-hand?utm_source=rss_feed Fri, 25 Jan 2019 01:57:40 +0000 [Sponsored Article] Managing Perishable Inventories in Retailing: Replenishment, Clearance Sales, and Segregation LI, Qing | YU, Peiwen | WU, Xiaoli Operations Research, Vol. 64, No. 6, November–December 2016, pp. 1270–1284   Retail products such as food items and pharmaceuticals are perishable. For them, matching supply with uncertain demand is a challenge. Retailers sometimes run out of stock, which leads to revenue loss, and they sometimes have to throw away items that have passed their... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182529/supply-and-demand-when-should?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182529/supply-and-demand-when-should?utm_source=rss_feed Fri, 25 Jan 2019 01:56:49 +0000 [Sponsored Article]          Identity Management and Tradeable Reputation XU, Hong | CHEN, Jianqing | WHINSTON, Andrew B. MIS Quarterly, 2016, forthcoming Online marketplaces are a popular platform for buying or selling products. That said, one of the key challenges of e-commerce is managing the reputation of anonymous users. Online reputation trading is a relatively new phenomenon, which is facilitated by the success of e-commerce and social networks. Due to online anonymity, reputation is... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182526/overcoming-challenges-faced?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182526/overcoming-challenges-faced?utm_source=rss_feed Fri, 25 Jan 2019 01:53:17 +0000 [Sponsored Article]          Add-on Policies under Vertical Differentiation: Why Do Luxury Hotels Charge for Internet while Economy Hotels Do Not? LIN, Song Marketing Science, Articles in Advance, pp1-16, 2017 Hotels, like any businesses, are motivated by profit. But a strange pattern has emerged when it comes to low-cost amenities such as Internet services. One survey found only 54 per cent of luxury hotels offered free Internet compared to 91 per cent of budget hotels. As Song Lin points out,... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182525/why-do-budget-hotels-offer-free?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182525/why-do-budget-hotels-offer-free?utm_source=rss_feed Fri, 25 Jan 2019 01:51:41 +0000 [Sponsored Article] Increase in Takeover Protection and Firm Knowledge Accumulation Strategy WANG, Heli | ZHAO, Shan | HE, Jinyu Strategic Management Journal, Vol. 37, 2016.   The threat of a takeover undoubtedly makes CEOs uneasy because they often lose their jobs if the threat is followed through. But the verdict on whether a threat is harmful to the firm itself is still out. Some argue that it acts like a market discipline on a CEO to perform in the best interest of the firm, others that it... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182524/impacts-takeover-protection-firm?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2182524/impacts-takeover-protection-firm?utm_source=rss_feed Fri, 25 Jan 2019 01:51:11 +0000