HKU Business School

02/10/2026

What Gives Hong Kong the Edge as an International Wealth Management Centre?

Hong Kong’s first Five-Year Plan and the latest Policy Address have underscored the importance of strengthening the city’s position as an international asset and wealth management centre. In a recent interview with China Daily, Prof. Anna Wong, Director of Wealth Management Academy at HKU Business School, noted that Hong Kong and Singapore each possess distinct strengths in the wealth management sector. She remarked that while Singapore excels at storytelling, Hong Kong’s key advantage lies in its robust regulatory framework, which effectively safeguards capital and fosters strong investor confidence.

Prof. Wong further highlighted Hong Kong’s unique geographical advantage. As there are entrepreneurs and start-ups from Chinese Mainland are choosing Hong Kong as their preferred capital raising destination, and the new industries are flourishing in Chinese Mainland, these developments will further strengthen Hong Kong’s position as a leading global international wealth management centre.

The Wealth Management Academy and Bank of China (Hong Kong) will co-host a Finance Salon on 13 October, bringing together distinguished leaders from the government, business, and academic sectors to discuss the future prospects of the wealth management industry. For more details, please visit: https://wma.hkubs.hku.hk/bochk-finance-salon-greater-bay-area-future/



鞏固國際財富管理中心地位 香港優勢何在？

本港首份五年規劃及新一份施政報告出爐，當中提及強化國際資產及財富管理中心地位。港大經管學院財富管理學院總監黃慧群教授早前接受《中國日報》訪問，指出香港與新加坡在財富管理領域各具優勢。她表示，新加坡擅長說故事，而香港的優勢是擁有健全的監管框架，能有效保障資金安全，亦令投資者對香港充滿信心。

黃教授亦指出，香港擁有獨特的地理優勢，隨著中國內地不少企業家、新公司會在香港融資，加上中國內地的新興產業蓬勃發展，均有助鞏固香港發展成為領先全球的國際財富管理中心。

財富管理學院與中國銀行（香港）將於10月13日舉辦金融沙龍，與政、商、學界重量級代表共同探討財富管理行業的前景。詳情請見：https://wma.hkubs.hku.hk/bochk-finance-salon-greater-bay-area-future/

#港大經管學院 #施政報告2026 #財富管理 #香港金融

02/10/2026

02/10/2026

🎓 𝗖𝗮𝗹𝗹 𝗳𝗼𝗿 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀: 𝗣𝗿𝗲-𝗱𝗼𝗰𝘁𝗼𝗿𝗮𝗹 𝗣𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗲 𝟮𝟬𝟮𝟳!🎓

Are you interested in exploring careers in academic research? Get a taste with it and join our Pre-doctoral Programme! Applications for the 2027-28 round are now open and will close on November 15, 2026 (Sunday).

🌟 You will be enabled to:
✅Gain experience for academic career as well as research-related professions
✅Take PhD courses offered by the Faculty
✅Receive a competitive salary (>HK$20k per month including University’s contribution to MPF, annual leave and medical benefits)
✅Be recommended for PhD admission in 2028-29 with the advantage of course exemptions (subject to performance and approval)

Don't miss this incredible opportunity to learn about the research career and connect with leading experts in the field by submitting your application before the deadline of November 15, 2026!

🔗 For details and application, please visit:
https://phd.hkubs.hku.hk/admissions/pre-doctoral-programme

30/09/2026

What Would Increasing Gold Holdings in the Exchange Fund Mean to Hong Kong?

The latest Policy Address proposes exploring the possibility of increasing the Exchange Fund’s gold holdings. In an interview with iCable News’ programme “財智．商傳”, Prof. Heiwai Tang, Associate Dean of HKU Business School, noted that gold currently accounts for only around 0.5% of the HKMA’s foreign exchange reserves, which is lower than the proportions held by many central banks worldwide. For example, gold represents approximately 8% of China’s foreign exchange reserves, while the corresponding figure is close to 20% for the central banks of major economies such as the U.S., Europe and Japan.

Prof. Tang believes that gradually increasing the share of gold holdings from 0.5% to a few percentage points would not pose any material risk to monetary stability or the security of Hong Kong’s financial system. Addressing concerns that higher gold holdings could increase the volatility of the Exchange Fund’s returns, Prof. Tang said that maintaining a fixed allocation to gold and rebalancing periodically can effectively manage risks without affecting the Linked Exchange Rate System.

Interview with Prof. Heiwai Tang, Associate Dean of HKU Business School:
https://www.i-cable.com/%E8%B2%A1%E7%B6%93%E8%B3%87%E8%A8%8A/508116/%E8%B2%A1%E6%99%BA%E5%95%86%E5%82%B3-%E9%A6%99%E6%B8%AF%E5%A4%A7%E5%AD%B8%E7%B6%93%E7%AE%A1%E5%AD%B8%E9%99%A2%E5%89%AF%E9%99%A2%E9%95%B7%E9%84%A7%E5%B8%8C%E7%85%92-2



香港
新一份《施政報告》提出研究在外匯基金增持黃金，港大經管學院副院長鄧希煒教授接受有線新聞《財智．商傳》訪問時指出，目前黃金僅佔金管局外匯儲備約0.5%，低於全球多國央行，如中國央行的黃金約佔其外匯儲備的8%；而美國、歐洲央行及日本等主要經濟體央行，相關比例接近20%。

鄧教授認為若將持有黃金的比例逐步由0.5%提升數個百分點，不會對貨幣穩定及金融體系安全構成實質影響。至於增持黃金會否加大外匯基金收益波動，鄧教授指出，只要維持黃金於固定比例，適時平衡機制，在金價上升時適度減持、下跌時增持，便能有效控制風險，並不會對聯繫匯率制度造成衝擊。

港大經管學院副院長鄧希煒教授訪問：
https://www.i-cable.com/%E8%B2%A1%E7%B6%93%E8%B3%87%E8%A8%8A/508116/%E8%B2%A1%E6%99%BA%E5%95%86%E5%82%B3-%E9%A6%99%E6%B8%AF%E5%A4%A7%E5%AD%B8%E7%B6%93%E7%AE%A1%E5%AD%B8%E9%99%A2%E5%89%AF%E9%99%A2%E9%95%B7%E9%84%A7%E5%B8%8C%E7%85%92-2

#港大經管學院 #施政報告2026 #黃金儲備 #外匯基金 #香港經濟 有線新聞 i-Cable News Heiwai Tang - Economic Analysis 鄧希煒經濟分析 Asia Global Institute

30/09/2026

Hong Kong's Bid to Join the RCEP Has Taken a Major Step Forward

Regional Comprehensive Economic Partnership (RCEP) members agreed last week to set up an Accession Working Group to begin the joining process for applicant economies, including Hong Kong, giving the city a clearer path toward potential tariff savings.

The RCEP is currently the world’s largest free trade agreement with 15 members. The agreement entered into force on 1st January, 2022 and the Hong Kong government submitted entry request within the same month. Dr. Yifei Zhang from HKU Business School said in an interview with China Daily that setting up an accession working group was a real procedural breakthrough.

Under RCEP’s consensus rules, the most difficult hurdle for any applicant is obtaining the agreement of all existing members to begin negotiations. That consent has now been secured, and Hong Kong’s long-standing request has become an active process. Next steps are predictable.

As a member, Hong Kong could help smaller firms make better use of the agreement, as the city provides trade finance, common law dispute resolution, capital for regional infrastructure, and professional intermediaries.

For details, see China Daily:
https://www.chinadailyhk.com/hk/article/640103

30/09/2026

Bullish HK Stock Market vs. Bearish Hang Seng Index?

Global markets are hitting record highs this year while the Hang Seng Index (HSI) remains sluggish. This stark contrast has left many investors with a deep sense of loss, as they naturally believe that a weak HSI means a poorly performed Hong Kong stock market. One cannot help but ask if investors are being too obsessed with the HSI, or has the index failed to keep pace with the market dynamics, urgently needing reform? 　

In a recent interview with Bloomberg Businessweek Chinese, Prof. Yan Xiong at HKU Business School highlights that an index's true mission is to provide investors with a full picture of a region’s market performance and risk exposure for investment portfolio allocation, rather than chasing absolute returns.

Is the HSI fulfilling its intended role then? Prof. Xiong suggests referring to the broader Hang Seng Composite Index (HSCI), which reflects all Hong Kong listed shares. A comparison of their performance since the beginning of the year reveals that both indices have run largely in tandem. This indicates that the HSI is not failing investors as constantly outperforming the market is simply not its purpose. If an index tells the market's true story, it fulfils its duty. Its rise and fall have nothing to do with outperforming the market.

Read the full article (Chinese Only): https://medium.com/bloomberg-businessweek-chinese-edition/%E6%B8%AF%E8%82%A1%E5%90%91%E5%89%8D-%E6%81%92%E6%8C%87%E5%90%91%E5%BE%8C-8ed1c5b2a50b



港股向前，恒指向後？

今年外圍股市屢創新高，恒生指數卻停滯不前，讓不少投資者大歎「恨鐵不成鋼」。大眾直覺認為，恒指低迷，代表港股表現差。面對這種失落感，是投資者對恒指執念太深，還是恒指已跟不上市場脈動，急需改革？

港大經管學院副教授熊琰接受《彭博商業周刊中文版》訪問時表示，指數旨在提供一個風險敞口。假設投資者在配置投資組合時，需要納入某個地區的資產，而指數能反映該地區的整體表現及風險敞口，其編制便屬合理，毋須追求絕對回報。

如此看來，恒指作為反映香港股票市場整體表現的指標，是否已履行其編制職能？若要全面反映香港上市股份的表現，實際上應以恒生綜合指數為準。對比恒指與恒生綜合指數年初至今的表現，兩者走勢大致相若。因此，恒指並非「失職」。

熊教授認為，以「能否跑贏大市」的標準來衡量指數的好壞，純屬市場期望過高。如果指數能如實反映市場表現，其升跌便與「跑贏與否」無關。

詳情請見《 彭博商業周刊 / 中文版 》：https://medium.com/bloomberg-businessweek-chinese-edition/%E6%B8%AF%E8%82%A1%E5%90%91%E5%89%8D-%E6%81%92%E6%8C%87%E5%90%91%E5%BE%8C-8ed1c5b2a50b

#港大經管學院 #恒生指數 #股市

30/09/2026

[𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐨𝐰 𝐎𝐩𝐞𝐧] 𝐓𝐮𝐫𝐧 𝐀𝐈 𝐚𝐧𝐝 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐢𝐧𝐭𝐨 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐦𝐩𝐚𝐜𝐭

Building on the success of the debut of The Intelligent Applications of Robotics and AI Programme in March, HKU Business School – Executive Education is pleased to collaborate once again with HKPC - Hong Kong Productivity Council to present the 2nd cohort of 𝐇𝐊𝐔 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐜𝐡𝐨𝐨𝐥 𝐱 𝐇𝐊𝐏𝐂 𝐀𝐜𝐚𝐝𝐞𝐦𝐲 – 𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐀𝐈 𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐞 𝐢𝐧 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫.

Designed for business leaders, executives and professionals, this four-half-day executive programme equips participants to evaluate opportunities, make informed technology decisions and apply AI and robotics strategically to create meaningful business value.

𝙒𝙝𝙮 𝙅𝙤𝙞𝙣 𝙏𝙝𝙞𝙨 𝙋𝙧𝙤𝙜𝙧𝙖𝙢𝙢𝙚?
▪ 𝐁𝐮𝐢𝐥𝐝 practical insight into AI-enabled decision-making, intelligent systems and robotics applications.
▪ 𝐋𝐞𝐚𝐫𝐧 from distinguished HKU faculty and experienced industry practitioners.
▪ 𝐄𝐱𝐚𝐦𝐢𝐧𝐞 real-world cases in innovation, business transformation and operational improvement.
▪ 𝐆𝐚𝐢𝐧 first-hand Greater Bay Area exposure to enterprise AI and robotics applications.
▪ 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 with a cross-sector network of peers, academics and industry leaders.
▪ 𝐑𝐞𝐜𝐞𝐢𝐯𝐞 certificates from HKU Business School Executive Education and HKPC Academy upon successful completion.

💡 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐫𝐞 𝐧𝐨𝐰 𝐨𝐩𝐞𝐧. 𝐏𝐥𝐚𝐜𝐞𝐬 𝐚𝐫𝐞 𝐥𝐢𝐦𝐢𝐭𝐞𝐝 𝐚𝐧𝐝 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐞𝐝 𝐨𝐧 𝐚 𝐟𝐢𝐫𝐬𝐭-𝐜𝐨𝐦𝐞, 𝐟𝐢𝐫𝐬𝐭-𝐬𝐞𝐫𝐯𝐞𝐝 𝐛𝐚𝐬𝐢𝐬.

𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬:
𝐃𝐚𝐭𝐞𝐬: 𝟑, 𝟒, 𝟏𝟎 & 𝟏𝟏 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟔
Locations: HKU Admiralty Campus | HKPC Building | Shenzhen (Company Visits)
Special programme fee is available for HKU alumni, HKU staff, HKPC clients and eligible group registrations.

𝙍𝙚𝙖𝙙𝙮 𝙩𝙤 𝙩𝙪𝙧𝙣 𝘼𝙄 𝙖𝙣𝙙 𝙧𝙤𝙗𝙤𝙩𝙞𝙘𝙨 𝙥𝙤𝙩𝙚𝙣𝙩𝙞𝙖𝙡 𝙞𝙣𝙩𝙤 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙞𝙢𝙥𝙖𝙘𝙩?
👉 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐧𝐨𝐰: https://bit.ly/4iPjKWh
👉 𝐋𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞: https://bit.ly/4huk1LR

𝙁𝙤𝙧 𝙚𝙣𝙦𝙪𝙞𝙧𝙞𝙚𝙨:
Ms. Ivy LAM| +852 3917 3225 | [email protected]
Ms. Sarah LAU| +852 3917 1128 | [email protected]

29/09/2026

How do you balance the preservation of legacy with investors' desire for liquidity and value realization?

This case from the Asia Case Research Centre (ACRC) examines the take-private acquisition of Eu Yan Sang — a leading traditional Chinese medicine and healthcare company with a history spanning more than a century — and the central challenge it posed for the family-influenced businesses.

The case offers a lens through which to analyse succession considerations, valuation dynamics and the role of private capital in supporting business transformation.

It encourages discussion on how decision-makers can reconcile legacy, growth ambitions and liquidity needs in the context of evolving corporate ownership structures and stakeholder expectations.

Learn more about this case at: https://www.acrc.hku.hk/Case/Detail/2247

To explore other great cases from our ACRC, visit: https://www.acrc.hku.hk/

Eu Yan Sang Hong Kong 余仁生香港

29/09/2026

🌟 𝗖𝗮𝗹𝗹𝗶𝗻𝗴 𝗮𝗹𝗹 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀, 𝗮𝗹𝘂𝗺𝗻𝗶 𝗮𝗻𝗱 𝗳𝗿𝗶𝗲𝗻𝗱𝘀 𝗼𝗳 𝗛𝗞𝗨 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗦𝗰𝗵𝗼𝗼𝗹!🌟

Join us for 𝗕𝗢𝗖𝗛𝗞 · 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗦𝗮𝗹𝗼𝗻 @ 𝗚𝗿𝗲𝗮𝘁𝗲𝗿 𝗕𝗮𝘆 𝗔𝗿𝗲𝗮 𝗙𝘂𝘁𝘂𝗿𝗲, jointly organised by 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗖𝗵𝗶𝗻𝗮 (𝗛𝗼𝗻𝗴 𝗞𝗼𝗻𝗴)and 𝗛𝗞𝗨 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗦𝗰𝗵𝗼𝗼𝗹 𝗪𝗲𝗮𝗹𝘁𝗵 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗔𝗰𝗮𝗱𝗲𝗺𝘆.

The event will bring together policymakers, industry leaders, scholars, and HKU alumni for an afternoon of insightful discussions and meaningful connections, featuring keynote speeches on 𝗛𝗼𝗻𝗴 𝗞𝗼𝗻𝗴’𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗼𝗹𝗶𝗰𝘆 and 𝗧𝗵𝗲 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗨𝘀𝗲 𝗼𝗳 𝗥𝗠𝗕, a panel discussion on the 𝗙𝘂𝘁𝘂𝗿𝗲 𝗧𝗿𝗲𝗻𝗱 𝗮𝗻𝗱 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗼𝗳 𝗪𝗲𝗮𝗹𝘁𝗵 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁, and a career development dialogue with 𝗛𝗞𝗨 𝗮𝗹𝘂𝗺𝗻𝗶 𝗳𝗿𝗼𝗺 𝗕𝗢𝗖𝗛𝗞.

As part of the 𝗕𝗢𝗖𝗛𝗞 × 𝗛𝗞𝗨 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗦𝗰𝗵𝗼𝗼𝗹 𝗪𝗲𝗮𝗹𝘁𝗵 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗔𝗰𝗮𝗱𝗲𝗺𝘆 𝗟𝗲𝗴𝗮𝗰𝘆 & 𝗣𝗶𝗼𝗻𝗲𝗲𝗿 𝗟𝗮𝘂𝗻𝗰𝗵 𝗖𝗲𝗿𝗲𝗺𝗼𝗻𝘆, this event provides a platform for participants to exchange insights on the evolving financial landscape, strengthen industry-academia collaboration, and connect with professionals across the Greater Bay Area.

📅 𝗗𝗮𝘁𝗲: 13 October 2026 (Tuesday)
🕑 𝗧𝗶𝗺𝗲: 2:00 PM – 5:00 PM
(Registration starts at 1:30 PM)
📍 𝗩𝗲𝗻𝘂𝗲: HKU iCube, 4005-07, 40/F, Two Exchange Square, Central, Hong Kong

Join us for an afternoon of insights, exchange, and networking opportunities. Connect with industry leaders, fellow alumni, and professionals shaping the future.

𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗻𝗼𝘄 𝗮𝗻𝗱 𝗯𝗲 𝗽𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗲𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻!🔗 https://hku.au1.qualtrics.com/jfe/form/SV_ehVSzb1xyUPmUWW

25/09/2026

No matter where you are, we are all under the same full moon. 🌕

HKU Business School wishes you a blessed Mid-Autumn Festival! May the bright full moon bring you and your loved ones health, happiness, and peace. ✨

月照港大校園🏫共賞千里明月🌕

無論大家身在何處，我們都在同一片夜空下，遙望同一輪明月。港大經管學院仝人，祝願各位中秋節快樂，人月兩團圓！✨

#中秋節