Bulletin Number Three 1985

have every reason to believe that most of them are making significant contributions to their employers and to the Hong Kong community. With regard to research, the Division's students have completed more than three hundred projects. Almost all of these projects are related to business practices in Hong Kong. These projects are described in MBA theses and business research reports which are kept in the Reserve Books Section of the University library. The Division's teachers have also completed a number of projects, some of which have resulted in articles and reports published in local and international periodicals. Faculty members have also been active in conducting seminars, workshops and courses for organizations such as the Department of Extramural Studies, the Hong Kon g Management Association, the Hong Kong Productivity Centre, th e Civil Service Training Division, the Independent Commission Against Corruption and for banks, hotels, trading companies and other enterprises. These training activities, along with consulting services, not only contribute to our clients but also help to keep our teachers up-to-date on business practices and management techniques in Hong Kong. The inter- action between our facult y members and executives in business and Government contributes a great deal to the Division's effectiveness. In recent years the MBA Division has developed a close relationship with the Northeast University of Technology (NEUT) in Shenyang (Liaoning Province of The People's Republic of China). Several of our teachers have visited NEUT to give lectures and provide advice on curricula, teaching methods and other matters relating to their new Department of Management Engineering. Four of their teachers have come to our campus for a full academic year to audit courses in their special fields of interest. A number of our teachers have participated in other programmes relating t o management training in The People's Republic of China. The Fu t u re The opportunities facing the MBA Division are diverse and challenging. Hong Kong's dynamic economy continues to grow, and the demand for our services far exceeds our capabilities. Hence, we must set our priorities with care. We will undoubtedly continue to devote most of our effort to providing high-quality graduate-level education to our full-time and evening MBA students. We must also continue the training and consulting activities which bring our teachers into close contact with practicing managers and executives and which build our reputation in the Hong Kong business community. Hong Kong is an extremely rich environment for research in almost every field of business and management, and we want very much to strengthen our research capabilities. Finally, a number of universities and other organization assistance from the MBA Division, and our teachers are becoming involved in joint activities with their counterparts in China. The years ahead will undoubtedly and teachers of the MBA Division. —Y.T. Chung Professor Y.T. Chung Director of MBA Division & Dean of Business Administration Professor Y.T. Chung is a commerce graduate of the University of Edinburgh and obtained his MBA and DBA degrees from Indiana University. He is a Fellow of the Institute of Chartered Accountants in England and Wales. Before joining The Chinese University of Hong King in 1966 ， Professor Chung worked in the London and Hong Kong Offices of Messrs. Peat, Marwick, Mitchell & Co. Professor Chung is now Professor of Accounting, Dean of the Faculty of Business Administration, Director of the MBA Division and Chairman of the Senate Committee on Physical Education. Professor Chung was a member of the Hong Kong Productivity Council from 1977 to 198 1 and an external assessor of the Hang Seng School of Commerce from 1982 to 1984. He is a member of the Council of the Hong Kong Management Association, the Accountancy Training Board of the Vocational Training Council, and the Examination Panel of Local Stage I Examinations of the Hong Kong Centre of the Institute of Bankers, London. His research interests and publications are in the areas of financial accounting, cost accounting, government budgeting, U.K. and Hong Kong tax accounting, inflation accounting and joint venture accounting. 12 RECENT DEVELOPMENTS