https://www.scmp.com/rss/508520/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The Chinese government has issued a broad top-down edict to push the nation towards becoming a more environmentally friendly economy, signaling a large-scale national push to become carbon neutral in the coming decades.  The State Council, China’s cabinet, released a directive on Monday that called for the nation to adopt a green and low-carbon transformation with the goal of peaking its carbon use by 2030 and becoming carbon neutral by 2060. The carbon-neutral promise was first made by... https://www.scmp.com/china/china-climate-change-government-issues-ambitious-vague-carbon-plan/article/3122943?utm_source=rss_feed https://www.scmp.com/china/china-climate-change-government-issues-ambitious-vague-carbon-plan/article/3122943?utm_source=rss_feed Wed, 24 Feb 2021 10:37:21 +0000 [Sponsored Article] Whether it is looking at the broader economy or from a risk assessment perspective, governments worldwide are now standing at attention and pausing to think of new ways to help mitigate the negative impacts of climate change, and Hong Kong is no exception to that.  One of the most obvious ways would be to consider greening the supply chain from financing all the way to manufacturing and consumption. Experts now agree that ethical business practices and green financial... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117234/green-finance-towards?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117234/green-finance-towards?utm_source=rss_feed Thu, 14 Jan 2021 02:25:18 +0000 [Sponsored Article]  Hong Kong’s unique status as a comprehensive international financial center and its much-vaunted commercial strengths will be instrumental in helping the city develop as Asia’s green finance hub, says Christopher Hui, the Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government.  Due to its credible and full-fledged financial services, the city is uniquely poised to address two key pain points in the development of the green... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117241/city-green?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117241/city-green?utm_source=rss_feed Thu, 14 Jan 2021 02:25:15 +0000 [Sponsored Article] There is no doubt that climate change will become a global issue that needs to be tackled head-on in the coming decade. Every jurisdiction will have a responsibility to help contain the rise in global temperatures, and Hong Kong can play a big part in this, according to the Hong Kong Monetary Authority (HKMA).  “Hong Kong is a major international finance center, and we have the infrastructure available to help promote green finance,” says Arthur Yuen, Deputy Chief Executive... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117244/investing-future?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117244/investing-future?utm_source=rss_feed Thu, 14 Jan 2021 02:20:22 +0000 [Sponsored Article] The robust development of green finance must be a joint effort across the Greater Bay Area (GBA), says Dr Ma Jun, Chairman and President of the Hong Kong Green Finance Association (HKGFA). Organizations like the HKGFA play an important role in bringing together the private sector, the government, and other regulators to develop green finance in Hong Kong.  The goal of the HKGFA is to position Hong Kong as a leading international green finance hub by providing greater access... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117582/leading-way?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117582/leading-way?utm_source=rss_feed Thu, 14 Jan 2021 02:20:20 +0000 [Sponsored Article] Regulators play a part in the development of green finance in Hong Kong and the Greater Bay Area (GBA) because they are involved in the process of setting standards locally, regionally and internationally.   With this in mind, the International Affairs and Sustainable Finance (IASF) Team of the SFC of Hong Kong has been working hard to roll out initiatives that will help Hong Kong develop into a hub for green and sustainable finance in Asia.  According to Christine Kung, Head... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117204/setting-standards?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117204/setting-standards?utm_source=rss_feed Thu, 14 Jan 2021 02:20:18 +0000 [Sponsored Article] According to Grace Hui, Managing Director and Head of Green and Sustainable Finance at Hong Kong Exchanges and Clearing Limited (HKEX), the city has all the right ingredients to lead the green change in the region. The only way to go is up, she says.  Hui believes that if the right set of regulatory standards is established, along with education, expertise, and a greater availability of ESG-related products, Hong Kong has what it takes to become the green finance hub of... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117217/right-ingredients?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117217/right-ingredients?utm_source=rss_feed Thu, 14 Jan 2021 02:20:17 +0000 [Sponsored Article]  For green finance to gain a firmer and wider foothold in Hong Kong, there needs to be continuous collaboration between companies, the government, banks and individuals. Such entities must work together to understand our environmental challenges, embrace IT and integrate it into their businesses. The property and construction industry can take the lead in this area, says Albert Ip, Chairman of the non-profit World Green Organization (WGO). “This is an ongoing process which... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117242/concrete-results?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117242/concrete-results?utm_source=rss_feed Thu, 14 Jan 2021 02:20:14 +0000 [Sponsored Article]  When it comes to the development of green finance and green investments, individuals, businesses, and educators all play an important role.  This is especially the case for business management schools, according to Professor Eric Cornuel, President of the European Foundation of Management Development (EFMD), a global non-profit accreditation body for business schools and corporate universities worldwide.  “Business schools are directly responsible for future education... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117250/turning-green?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117250/turning-green?utm_source=rss_feed Thu, 14 Jan 2021 02:15:21 +0000 [Sponsored Article]  By Professor Christine LOH  Chief Development Strategist, Division of Environment and Sustainability of HKUST  China’s pledge on September 22 to achieve carbon neutrality by 2060 was a major piece of good news for the world. Not only that, on September 30, China also called for biodiversity protection. Both announcements were made at the UN, signifying China will work within multilateral systems. The carbon neutrality commitment did not come out of the blue. Government think... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117273/chinas-carbon-neutrality?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117273/chinas-carbon-neutrality?utm_source=rss_feed Thu, 14 Jan 2021 02:15:19 +0000 [Sponsored Article]  By Professor ZHANG Chu  Head of the Department of Finance and Director of the Center for Investing, HKUST Business School ESG, or Environmental, Social, and Governance, has become a hot topic recently. In this article I summarize what I have learned about environmental risks from various sources, and provide my thoughts on academic research focusing on green finance. These thoughts reflect my limited exposure to the subject.    Environmental Risks Environmental disasters can... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117276/research-responsibilities?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117276/research-responsibilities?utm_source=rss_feed Thu, 14 Jan 2021 02:15:18 +0000 [Sponsored Article]  By Professor CHEN Zhanhui, Professor George PANAYOTOV and CHU Zhuang Department of Finance, HKUST Business School  Climate change threatens human societies with long-term catastrophic consequences. These threats must be addressed immediately. A delayed response to climate change will lead to further deterioration and a greater chance of irreversible and catastrophic damage. In this article, we discuss the possibility of using weather derivatives to manage climate-related... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117295/change-weather?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117295/change-weather?utm_source=rss_feed Thu, 14 Jan 2021 02:15:16 +0000 [Sponsored Article]  By Professor Entela BENZ-SALIASI  CEO and Co-founder of Intensel* Adjunct Associate Professor, Department of Finance at HKUST Business School Risk related to climate change is a systematic and unpriced risk. It is the biggest threat to business and society today. Losses related to the climate are now four times higher than in 1980s. According to Aon, 2019 losses reached US$232 billion, and they are projected to increase fast at 30% per year. More importantly, only US$71... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117298/risking-it-all?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117298/risking-it-all?utm_source=rss_feed Thu, 14 Jan 2021 02:15:13 +0000 [Sponsored Article] Kellogg-HKUST Executive MBA sets unprecedented record of world #1 for ten times       Disclaimer: According to the Non-local Higher and Professional Education (Regulation) Ordinance, the Kellogg-HKUST EMBA program is an exempted course. It is a matter of discretion for individual employers to recognize any qualification to which this course may lead. https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117300/unprecedented-record?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117300/unprecedented-record?utm_source=rss_feed Thu, 14 Jan 2021 02:10:20 +0000 [Sponsored Article]  NSFC Excellent Young Scientist Scheme Associate Professor YU Man from the Department of Information Systems, Business Statistics and Operations Management (ISOM) has been awarded the 2020 NSFC Excellent Young Scientist Scheme (EYS). Organized by the National Natural Science Foundation of China, the scheme is one of the most prestigious honors for young scientists in China. Best Management Science Paper        Associate Professor WANG Jing’s paper “Female Hiring Bias Revealed... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117302/rise-and-shine?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117302/rise-and-shine?utm_source=rss_feed Thu, 14 Jan 2021 02:10:19 +0000 [Sponsored Article]  This year’s meeting was held on October 8, 2020. For the first time, it was organized on campus in a hybrid mode where members could attend in person or online. Council Chairman Dr Hans Michael JEBSEN presided over the meeting, which was joined by almost all of the members. The half-day meeting started with remarks made by HKUST President Prof SHYY Wei and Provost Lionel NI, who introduced the latest developments at the University. Members expressed great interest in the... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117303/charting-way-forward?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117303/charting-way-forward?utm_source=rss_feed Thu, 14 Jan 2021 02:10:17 +0000 [Sponsored Article]  The new Doctor of Business Administration (DBA) Program being launched by the HKUST Business School will give senior executives the chance to conduct meaningful research in areas that have a real impact on their industries and on society at large.  “Committed to academic excellence, HKUST has rapidly risen in recognition in its short history and become one of the most respected business schools in Asia,” says Professor Tam Kar Yan, Dean of the HKUST Business School. “We are... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117305/distinctive-program?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117305/distinctive-program?utm_source=rss_feed Thu, 14 Jan 2021 02:10:15 +0000 [Sponsored Article]  HKUST x University of Chicago Webinar Attracted 10,000 Viewers HKUST and the University of Chicago co-presented the webinar “Thrive Amidst Disruptions: The Role of Fintech Post COVID-19” in September. The webinar attracted 10,000 viewers and featured prominent academics and leaders in fintech. Professor KC CHAN of WeLab Bank, Professor HE Zhiguo of the University of Chicago, Alvin KWOCK of OneDegree, and Professor TAM Kar Yan of the HKUST Business School took part. The event... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117306/fintech-action?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117306/fintech-action?utm_source=rss_feed Thu, 14 Jan 2021 02:10:12 +0000 [Sponsored Article]  Gearing up for Online MBA Courses  The HKUST Business School is delighted to become an alliance partner with the Future of Management Education (FOME). This is an alliance of like-minded business schools who share a vision that online learning should have the same transformational impact as the very best face-to-face courses.  The FOME Alliance strives to develop leading technology for online learning and explore new business education models. The HKUST Business School is... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117307/partnership-education?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117307/partnership-education?utm_source=rss_feed Thu, 14 Jan 2021 02:05:18 +0000 [Sponsored Article]  Paul joined HKUST in 2000. With his passion for social impact and sustainable business, Paul taught business ethics and environmental strategy. Since 2016, he held a joint appointment as an Associate Professor of Business Education at the Department of Management and a Senior Lecturer at the Division of Environment and Sustainability. Paul was a highly valued member of the Business School. He demonstrated great support and care for students, and also played an active role in... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117308/tribute-great-teacher?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117308/tribute-great-teacher?utm_source=rss_feed Thu, 14 Jan 2021 02:05:17 +0000 [Sponsored Article] Validation of a Multi-dimensional HR Flexibility Measure WAY, Sean A | TRACEY, J Bruce | FAY, Charles H | WRIGHT, Patrick M | SNELL, Scott A | CHANG, Song | GONG, Yaping  Journal of Management, Vol. 4, No. 41, May 2015  A firm’s ability to respond quickly to changes in customer demand, competition and emerging market threats and opportunities is essential to its success. Scholars have argued that flexible human resources (HR) policies may be instrumental in fostering this... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117207/how-measure-impact-hr?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117207/how-measure-impact-hr?utm_source=rss_feed Thu, 14 Jan 2021 02:05:15 +0000 [Sponsored Article] How Long Did I Wait? The Effect of Construal Levels on Consumers’ Wait Duration Judgements WANG, Jing | HONG, Jiewen | ZHOU, Rongrong  Journal of Consumer Research, Vol. 45, 2018 The saying “good things come to those who wait” does not offer much comfort to consumers who are stuck in lines waiting for a product or a service (e.g., waiting at the bank or at the doctor’s office). The wait can seem to take forever – at least for some. A recent study has found that people can... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117210/why-some-waits-seem-longer?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117210/why-some-waits-seem-longer?utm_source=rss_feed Thu, 14 Jan 2021 02:05:13 +0000 [Sponsored Article] Strategic Waiting for Consumer-Generated Quality Information: Dynamic Pricing of New Experience Goods YU, Man | DEBO, Laurens | KAPUSCINSKI, Roman  Management Science, 62(2), 410-435  Before deciding to purchase a product, a consumer can access information via consumer reviews by customers who have already purchased the product. Consumer reviews are a form of customer feedback, but this information can also benefit firms. However, consumer-generated quality information... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117216/impact-product-reviews?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117216/impact-product-reviews?utm_source=rss_feed Thu, 14 Jan 2021 02:05:11 +0000 [Sponsored Article] Does Accounting Conservatism Mitigate the Shortcomings of CEO Overconfidence? HSU, Charles | NOVOSELOV, Kirill E. | WANG, Rencheng  The Accounting Review, Vol. 92, No. 6, November 2017, pp. 77–101  The real economic effects of financial reporting can be understood by looking into the joint effect of managerial overconfidence and accounting conservatism, specifically regarding the quality of corporate decisions. For instance, under what conditions does accounting conservatism... https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117225/corporate-performance-vital?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/green-finance/article/3117225/corporate-performance-vital?utm_source=rss_feed Thu, 14 Jan 2021 02:00:07 +0000