Loretta Fong (PACC 1993), Partner in PwC Hong Kong, has always loved accountancy despite its public image of repetitive work and “all about the numbers”. Unlike other accountants who lock themselves in offices to pour over numbers, Loretta takes a more humanistic approach; walking factory floors and talking with staff. It has given her a different perspective to the role of an accountant that has helped keep things interesting for her.
As the President of the HKICPA, she has formed big plans for the healthy development of her industry claiming that “accountants can’t stick with the rules and refuse to evolve.” Loretta is helping drive Hong Kong’s accountants toward greater horizons. She is putting sustainability-related disclosure standards adoption on the fast-track so that Hong Kong firms can take advantage of the #ESG trend. She is also looking to exempt Hong Kong accountants from further examinations and work experience requirements so members can tap into the potential of the Greater Bay Area’s many accounting opportunities!
Read more: https://bit.ly/3PYcMfw
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![Loretta Fong (PACC 1993): Enhancing the Health of Corporations and Accounting]()
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It is no surprise that the demand for Personal Protective Equipment (PPE) has reached a historic high since 2020, and the global market is expected to grow 7.3% annually until 2028 according to Grand View Research, Inc. However, #CUHKResearch found that low-income citizens aren’t getting enough protection while the high-income citizens are having too much anti-pandemic resource.
Take vaccination rates. Only 18% of the population in low-income countries have had 1 dose versus 81% in wealthier countries. The monopolising of vaccines in such countries has led to a huge wastage, which could have been used to vaccinate more people in low-income countries, and most importantly, halting the spread of the pandemic.
According to Prof. Liang Guo, Professor of Marketing, “with new pandemic variants continue to emerge, we can’t leave the majority of the world unvaccinated and unprotected.” He suggests that governments should improve the efficiency and equality of resources allocation. One of the solutions is to provide #subsidies or free access to #PPE for low-income populations, which will be socially beneficial and a win-win for all. After all, saving our resources for others is protecting ourselves as well.
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![How Should Governments Intervene in Allocation of Anti-Pandemic Resources?]()
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Welcome to the post-pandemic economy where the ongoing digitalisation is changing the way we live and work faster than ever. Digital agility is now the key component in job market to stay ahead of business trends and the competition.
Look at these young and energetic alumni Zilong CHEN (MSc ITM 2021), Sherrie Ling (BBA HTM 2015) and Alex Cheung (MSc FIN 2021), they are now tapping into the rising trends and exploring opportunities in high-tech cities like Shenzhen, Seoul and London to advance their career.
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We all get stressed at work, especially for those with creative jobs, but self-imposed negative stress can limit staff creativity and ultimately the success of companies as well.
Prof. Dora Lau, Associate Professor in Department of Management, targets stress stemming from “creative identity asymmetry” – the difference between how people see their roles and how colleagues perceive their efforts.
The findings in #CUHKResearch established a direct causal link between differences in positive and negative creativity identity asymmetry and psychological strain. Results showed that when an individual’s assessment of their creative role matched those provided by their colleagues, they experienced less stress. However, when the two opinions differ, the pressure intensifies.
As a measure of how staff feel they are viewed and valued at a company, creative identity asymmetry is key. When it’s too positive, staff may find it a challenge to improve themselves and question themselves, whereas being too negative may leave workers feeling insecure and even inhibit their creativity.
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![How to Nurture Creative Performance in the Workplace]()
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Are you ESG ready? Come join the Business Sustainability Webinar Series to learn the concept and development of #CSR & #ESG and their relations with #businesssustainability, in order to prepare your organisations ready for ESG.
Date: 25 Aug 2022
Topic: Corporate ESG: Management, Materiality, Reporting Relationships and Standards
Speakers: Prof. Carlos Lo, Director of the Centre for Business Sustainability & Dr. Alex Wong, CEO, King’s Flair Group
Register now: https://lnkd.in/g7nYBDF3
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Traditional Chinese culture is superstitious about numbers that are seen as a part of daily life, from licence plates to phone numbers. #CUHKResearch has found these lucky numbers matter to investments as well.
Prof. Maggie Hu, Assistant Professor of the School of Hotel and Tourism Management, found that borrowers whose loan request included lucky-numbers generally have better credit quality and higher cognitive capacity compared with borrowers who use non-auspicious numbers. What’s even more interesting, lucky-number borrowers paid lower interest rates and had longer repayment tenures.
“It’s highly valuable for us to uncover the information behind the choice of lucky-numbers, specifically how an individual’s background can affect their use,” says Prof. Hu. She suggests that her findings could be applied to other contexts, such as crowd funding and credit rating, helping platforms improve credit ratings and pricing algorithms by incorporating information from users’ choice of lucky-numbers.
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![Do Borrowers Benefit from Using Lucky Numbers?]()
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The #CapstoneProject marks the culmination of a year-long learning journey for CUHK MiM (MSc in Management programme) students.
This year, the Capstone Project featured virtual skill workshops that trained our students to crack cases effectively and presented client-centric solutions in a compelling way. They also gained a first-hand look into the #weddingindustry from industry experts including the latest developments in the wake of the pandemic, emerging trends, and upcoming opportunities.
Armed with sophisticated knowledge, MiM students teamed up to present business proposals with industry insights and creative yet practical solutions to Primrose Garden Co. Ltd., a Japan-based wedding service company. Let’s hear the key takeaways from our students.
Zhizhou He (Champion Team): “MiM Capstone challenged my skill to communicate internally with the team and externally across cultures and languages.”
Ka Cheuk Mak (Best Speaker awardee): “Without guidance from MiM Capstone teachers and mentors, we wouldn’t have completed it successfully.”
Read more: https://bit.ly/3QiSbDr
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