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Expanding our academic understanding of green finance has been one of our core focuses to support Hong Kong’s sustainable global growth in the business realm. We are thrilled to receive major funding support from the 11th round of the Theme-based Research Scheme (TRS) 2021/22 for our project entitled “Developing Hong Kong as a Global Green Finance Centre.” Organized by the Research Grants Council (RGC), the funding results were announced on July 13. Eight research proposals, including ours, were awarded a total funding amount of $415 million.  Our proposal on green finance is the only funded project under the TRS’s sub-theme “Enhancing Hong Kong's Strategic Position as a Regional and International Business Centre.” Although green finance is rapidly growing, its intellectual progress is still behind the current industry development. Our project will gather an interdisciplinary team of academic specialists in the areas of finance, environmental science, public policy, and technology, as well as former policymakers and experienced practitioners, to address fundamental research questions of green finance through a series of cohesive studies. Professor Chu ZHANG, Head of Finance Department and Project Coordinator said, “Over time, this transformative project will have a positive impact on policymakers, academia, industries, and professionals. Our research team represents six main research areas and will contribute towards helping various stakeholders achieve the ‘brown to green’ transition. Adopting a ‘think and do’ approach, we will also gather academic insights, work with industry partners and government units, and guide them in implementation and execution phases of a broad range of green finance tasks.” “Our School has taken up green finance as a major endeavor,” said Professor Kar Yan TAM, Dean of HKUST Business School, “Not only will our project greatly expand the world’s academic knowledge of green finance, the cross-disciplinary nature of our research also emphasizes the importance of collaboration across various industries and discplines to ensure the success of building and financing better solutions for our planet. The project is the first of its kind in nature and scale that will enhance Hong Kong’s position as an international green financial center and generate lasting global impacts.” Click here to find out more about our project and other funded projects by HKUST and other local universities.

Prof. Zhanhui Chen has been promoted to Associate Professor of Finance with substantiation, effective July 1, 2021.

We would like to welcome Eyub Yegen (PhD Finance, University of Toronto, Rotman School of Management) joining HKUST Department of Finance as Assistant Professor this year. Eyub’s research focus is on the role of institutional investors in society. Specifically, his research is at the intersection between institutional ownership and corporate social responsibility, political economy, and product market competition. His webpage is available at:https://fina.hkust.edu.hk/faculty/directory/eyubyegen.

Congratulations to our HKUST students for achieving great result in the2021 Global Markets Competition | APACorganized byAmplify Trading!  The Grand Final was held successfully on 21 March 2021 and more than 70 enthusiastic finalists battled it out in the flagship Sales & Trading simulation.  Three of our BBA in Finance students did very well:  Ryan Evans Vennanddi (FINA, Year 2) and Cho Wing Wong (FINA & IS, Year 3) were placed in the top 20 in the Grand Final round, while Pui Ying Lee (FINA, Year 2)'s performance was around top 27 out of the 76 finalists.  In addition, Farah Nga Man Tam (GBUS) received second place in the 2021 Global Markets Competition Grand Final while Kevin Ka Lam Mok (GBUS) received honorable mention in Amplify Trading’s result announcement email.    Congratulations to them all and huge thanks to Amplify Trading for inviting our students to join the Competition!   

Women and men received markedly different advice from local financial advisors, according to recent research. Frequently, women were pushed into making riskier investments. In an event organized by 100 Women in Finance (www.100women.org), Professor Utpal Bhattacharya will share key findings from his research "Do Women Get Worse Financial Advice?". Prof Bhattacharya will be joined by the investment professionals Edwin Cheung (Institute of Financial Planners of Hong Kong); Angelina Kwan (Hong Kong Securities and Investment Institute); and Sudesh Thevasenabathy (Manulife). The event will be moderated by Karen Au, CFA, CA, CPA, representing 100 Women in Finance's Hong Kong Education and Impact Committees. 100 Women in Finance's near 20,000 registered members strengthen the global finance industry by empowering women to achieve their professional potential at each career stage. DATE: 24 February 2021 TIME: 12:30 PM Hong Kong Register here