Israeli Prime Minister Benjamin Netanyahu has confirmed plans to travel to Washington next week for face-to-face discussions with Donald Trump, placing the evolving US-Iran diplomatic track at the centre of the agenda as pressure mounts over Tehran’s nuclear activities. Netanyahu said the meeting, scheduled for 11 February, would focus on the indirect negotiations now under way between Washington and Tehran, which the US administration has framed as […]
Abu Dhabi welcomed the announcement of talks between the United States and the Islamic Republic of Iran to be hosted by the Sultanate of Oman, describing the move as a constructive step that could ease regional tensions and reinforce diplomatic pathways in the Gulf. The United Arab Emirates said the decision to engage through dialogue reflects a shared recognition that negotiation remains the most effective means to […]
Arabian Post Staff -Dubai Sharjah Airport Authority has announced the launch of a new scheduled service by SpiceJet linking Ahmedabad Airport with Sharjah International Airport, expanding the airport’s international network and underscoring the growing demand for direct connectivity between the United Arab Emirates and India. The service adds capacity on a corridor that serves business travellers, tourists and families with close ties across the two regions. The […]
Iran entered high-level talks with the United States in Muscat on Friday seeking what officials described as a durable agreement, as Washington signalled that any understanding must sit within a wider regional framework. The negotiations, hosted by Oman, reflect an attempt by both sides to test whether long-running hostility can be channelled into a structured outcome at a moment of heightened tension across West Asia. Officials in […]
BEIJING, CHINA – Media OutReach Newswire – 6 February 2026 – On the evening of February 4, “The World TCM Heritage Odyssey,” co-hosted by Phoenix Satellite TV and Dong-E-E-Jiao, took place at the Phoenix Center in Beijing and successfully concluded. The event, marking the beginning of spring, showcased the latest practices and achievements in the international dissemination, academic exchange, and modern transformation of Traditional Chinese Medicine (TCM) through cultural tributes, cross-disciplinary dialogues, and the integration of technology and art.
The ceremony centered on TCM culture and leveraged the immersive cultural, technological, and experiential environment of the Phoenix Center. It connected traditional medical wisdom with contemporary global health issues, demonstrating the pathways of inheritance and innovation for TCM in diverse cultural contexts around the world.
In his speech, Xu Wei, Chairman and CEO of Phoenix Satellite TV, stated that the global spread of TCM is not just about medical communication but also a process of cross-cultural understanding and exchange. He emphasized the need to build communication bridges through modern dissemination methods while respecting differences. Phoenix Satellite TV will continue to focus on and document the international dissemination of TCM.
Cheng Jie, Chairman of Dong-E-E-Jiao, remarked that TCM culture belongs to all humanity and that the company will keep promoting the synergy between cultural dissemination and industrial development, facilitating a deep integration of technology, culture, and brand narrative to contribute to global health.
The event featured a “Tribute” segment honoring five representatives dedicated to the international spread and cross-disciplinary integration of TCM, covering fields such as academic translation, medical practice, technology integration, and public welfare dissemination.
Scholar Ehsan Doostmohammadi from Iran was honored for completing the first Persian translation of the “Huangdi Neijing: Suwen” and promoting TCM in the West Asia region. Zhao Zhongzhen, Emeritus Professor at Hong Kong Baptist University’s School of Chinese Medicine, presented the honor and advocated for further collaboration.
Malaysian TCM practitioner Neoh Karen was recognized for promoting the modernization and internationalization of TCM through innovative communication methods.
Lee Tsung-En Andy, CEO of the Yangqi Integrative Medicine Center in Silicon Valley, was honored for his exploratory practices integrating TCM concepts with artificial intelligence and big data, sparking discussions about the modernization of TCM.
Italian physician Valeria Toso, a proponent of TCM meridian theory, was acknowledged for her long-term efforts to promote TCM concepts in Europe.
Dr. Diarra Boubacar Thiemoko from Mali, the first foreign postdoctoral fellow in TCM in China, received high praise for his years of grassroots medical exchanges in Central Africa and his work in developing TCM training and public welfare diagnosis programs on the continent.
During the event, Phoenix Satellite TV officially launched the second season of “The Healing Path.” The new season will document TCM’s development and application across different countries and cultural contexts, showcasing its diverse expressions in a global setting.
Throughout the ceremony, the Phoenix Center also established a global TCM cultural interactive experience area, enhancing the public’s intuitive understanding of TCM culture through cultural displays, product exhibitions, and interactive experiences. A special livestream program titled “Let’s Talk! Friends of TCM” preceded the event, generating public discussion.
As the event concluded, the theme song “The Healing Path,” created with AI participation, resonated in the venue, marking the end of the ceremony.
The organizers stated that this ceremony was not only a concentrated display of TCM culture but also a forward-looking exchange practice, showcasing new expressions and possibilities for traditional medicine in the contemporary technological and global health context.
Oil prices extended gains as OPEC+ signalled it would keep production levels unchanged, choosing caution over a pre-emptive response to higher prices driven by geopolitical tension linked to Iran and fragile demand signals from major economies. Benchmark Brent crude traded above the mid-$80s a barrel during the session, supported by concerns over potential supply disruption in the Middle East and tighter physical markets in parts of Asia. […]
Washington has imposed sanctions on a network of cryptocurrency exchanges and facilitators tied to Iran, marking the first time the United States has directly targeted crypto trading platforms over allegations of supporting the Islamic Revolutionary Guard Corps. The measures signal a widening of financial enforcement into the digital asset space as Washington seeks to curb Iran’s access to global capital flows. The sanctions, announced by the Treasury […]
OPEC+ is expected to keep its pause on planned oil output increases for March when key ministers meet on Sunday, according to people familiar with the discussions, as crude prices move above the $70-a-barrel mark amid heightened geopolitical risk in the Middle East. Brent crude has climbed to nearly $72 a barrel, the highest level since August, reversing earlier expectations that ample supply would weigh on prices […]
Matein Khalid Something is dangerously wrong in a world where the price of gold rises 30% and silver surges a surreal 65% in a single month, as we witnessed in January 2026. True, an American carrier strike force with a full complement of 80 F-18 Hornet war planes and missile destroyers laden with Tomahawk cruise missiles has sailed from the South China Sea into the Gulf. Once […]
HONG KONG SAR – Media OutReach Newswire – 29 January 2026 – The Hong Kong Polytechnic University (PolyU) yesterday unveiled the PolyUResearch Excellence Report at a high-profile forum co-hosted with Clarivate, a leading global provider of transformative intelligence. The landmark report provides a comprehensive evaluation of PolyU research achievements and impact, reaffirming the University’s position as a global innovation powerhouse. The event, “Research Excellence Report Launch cum Impact Forum: Innovating for Global Impact”, drew around 100 distinguished attendees, including academic leaders from other tertiary institutions in Hong Kong and the Chinese Mainland, industry partners and policymakers. According to Clarivate, PolyU achieved a remarkable 65% surge in high-impact research output and a 55% rise in highly cited papers from 2020 to 2024, and led all University Grants Committee (UGC)-funded institutions in research publications in 2024, underscoring its position at the forefront of Hong Kong’s academic excellence.
The event was officiated by Prof. Timothy TONG, Chairman of the Research Grants Council (RGC); Mr Osher GILINSKY, Vice President for Asia Pacific, Academia and Government, Clarivate; and Prof. Christopher CHAO, Senior Vice President (Research and Innovation) of PolyU, who delivered opening remarks.
Celebrating PolyU’s exceptional research achievements and their far-reaching impacts on society, the Nation and the world, Prof. Tong stated, “The PolyU Research Excellence Report vividly demonstrates its commitment to sustainable development, reflecting the dedication and innovation of its faculty, researchers and students.” Prof. Tong commended PolyU for its effective use of research resources, noting the significant advancements in AI-driven medical breakthroughs, climate solutions and sustainability. He further emphasised the RGC’s ongoing commitment to supporting research that addresses major societal challenges, exemplified by initiatives such as the Research Impact Fund. Additionally, he reaffirmed the RGC’s partnership with universities in strengthening Hong Kong’s status as a global knowledge hub.
Recognising PolyU’s outstanding global research performance, Mr Gilinsky elaborated, “In recent years, PolyU has demonstrated high research productivity in high quality, driving for high impact for the society. PolyU was granted 1,020 patents between 2020 and 2024, the second highest among UGC-funded universities. To enhance research translation, PolyU has formed partnerships with companies including NVIDIA, Huawei and Alibaba. These achievements illustrate PolyU’s international connectivity, diverse disciplinary strengths and strong culture of research translation. Leveraging its strength with the Chinese Mainland resources, PolyU is also accelerating knowledge transfer and identifying emerging areas for discovery, particularly in AI-powered healthcare, sustainable engineering, advanced manufacturing and smart city development—fields where it aims for global leadership.”
Prof. Chao emphasised, “The report is a testament to years of dedicated effort, groundbreaking innovation and the unwavering commitment of the PolyU academic community. In 2025, we are proud to have 21 PolyU scholars named Highly Cited Researchers by Clarivate, while 428 rank among Stanford University’s World’s Top 2% Most-cited Scientists—placing PolyU second among Hong Kong tertiary institutions. Our Strategic Plan 2025/26 – 2030/31, themed ‘Unite to Meet Challenges, Innovate to Benefit Society,’ will further empower PolyU to deliver even more transformative contributions to society.”
Clarivate has been forging continuous collaborations with numerous institutions, including co-authoring the report series The impact of research undertaken by universities in Hong Kong with UGC in 2022. Produced by Clarivate using authoritative data from the Web of Science, the PolyU Research Excellence Report delivers a comprehensive assessment of the University’s overall research performance and achievements, highlighting PolyU’s global leadership in engineering, advancements in powering medical research with emerging AI technologies, and unique contributions to the hospitality, fashion and textile, design and art disciplines that distinguish the University on the global stage.
PolyU’s strengths are exemplified by its leadership in Hong Kong’s research output growth, achieving the highest number of publications among UGC‑funded universities in 2024. Nearly 40% of its outputs are internationally co-authored, while 27% involve QS Top 50 university partners. The quality and impact of the University’s research output are further evidenced by its strong disciplinary performance. In the QS World University Rankings by Subject 2025, seven PolyU disciplines rank in the global Top 30, while, overall, 26 disciplines are listed among the world’s Top 100, underscoring the breadth and depth of the University’s academic excellence across multiple fields.
Following the report launch, the Impact Forum featured a high-level panel discussion on “Innovations and Challenges in Research Evaluation”. The discussion facilitated insightful exchanges between the panel and attendees on evolving approaches to research assessment, the importance of measuring societal impact and strategies for fostering cross-institutional collaboration.
Engineering Leadership: Ranked 6th globally in Engineering and 2nd in Civil Engineering (Subject Rankings of U.S. News & World Report Best Global Universities Rankings 2025-2026), with research supporting Hong Kong’s Cross Bay Link project and national space missions. PolyU engineering publications grew by 68% between 2020-2024, with 38% of Hong Kong’s engineering publications affiliated with the University in 2024.
AI-driven Medical Innovations: 261 patents in Computing and Control solutions, including LungRT Pro (a radiotherapy support system), Scolioscan® (radiation-free scoliosis diagnosis) and STARS (a smartphone-based vision screening tool for children). These life‑changing innovations demonstrate PolyU’s strong interdisciplinary integration across computer science, optometry, biomedical engineering, rehabilitation sciences and nursing.
Unique Disciplines: Global top rankings in Hospitality and Tourism Management, and Textile Science and Engineering (1st and 5th respectively in ShanghaiRanking’s Global Ranking of Academic Subjects 2025), as well as Art and Design (22nd in QS World University Rankings by Subject 2025). Groundbreaking work includes smart wearables for stroke patients, AI-powered tourism demand forecasting platforms and sustainable community design projects.
Collaborative Impact: Over 600 international collaboration agreements with 390+ institutions across 45 countries and regions, and 3,100+ collaborative projects in the Chinese Mainland. Between 2020 and 2024, nearly 40% of its high-quality research publications were co-authored with international institutions. PolyU Unicorn startups have created over 5,000 international job opportunities and generated significant economic value.
US immigration authorities began enforcing a new round of visa suspensions on Monday, implementing a policy that affects travellers from a broad set of countries spanning South Asia, the Middle East, Africa and Latin America. The measures, announced earlier by the United States government, apply from the start of the business day and immediately alter entry conditions for thousands of prospective visitors, students and temporary workers. Officials […]
HONG KONG SAR – Media OutReach Newswire – 15 January 2026 – HKU Business School unveiled the “Hong Kong Economic Policy Green Paper 2026” (“Green Paper”). This comprehensive document delves into various facets of Hong Kong’s economic domain, covering everything from trade finance and Hong Kong’s role in the Greater Bay Area (GBA) startup ecosystem to green finance, the IP economy, social and shareholder value for Hong Kong-listed companies, and pressing social issues such as housing affordability and overcrowding in emergency departments. Moreover, with the emergence of AI, the Green Paper examines the impact of AI on the labour market, cybersecurity, and the development of a Web 3.0 ecosystem.
This is the fifth edition of the Hong Kong Economic Policy Green Paper, released by HKU Business School, with the aim of providing recommendations on how Hong Kong can effectively tackle these challenges.
HKU Business School today unveils the Hong Kong Economic Policy Green Paper 2026. From left: Prof. Huiyin Ouyang, Associate Professor in Innovation and Information Management of HKU Business School, Prof. Dragon Tang, Professor in Finance in HKU Business School, Professor Hongbin CAI, Dean and Chair of Economics of HKU Business School, Prof. Richard Wong, Provost and Deputy Vice-Chancellor of The University of Hong Kong and Director, Hong Kong Institute of Economics and Business Strategy, Prof. Heiwai Tang, Associate Vice-President of The University of Hong Kong and Associate Dean of HKU Business School, and Dr. Tingting Fan, Principal Lecturer in Marketing of HKU Business School.
Prof. Richard Wong, Provost and Deputy Vice-Chancellor of The University of Hong Kong and Director, Hong Kong Institute of Economics and Business Strategy said, “This Green Paper was released after months of rigorous research by the scholars from HKU Business School. Grounded in an academic perspective and guided by a pragmatic, problem-solving approach, we have conducted objective analyses and in-depth investigations into core issues and real-world challenges currently facing Hong Kong’s development in political and economic operations, people’s livelihood, and industrial upgrading. Our aim is to provide the Government and relevant authorities with valuable insights and actionable policy recommendations.”
Professor Hongbin Cai, Dean and Chair of Economics of HKU Business School, said, “As a ‘super-connector’ bridging China and the world, Hong Kong’s unique role remains indispensable. Looking ahead, Hong Kong must deeply integrate into China’s national development plans, and also take a more prominent role on the international stage, with an in-depth understanding of the global market and active engagement with its international collaborators.
With campuses in Beijing, Shanghai, and Shenzhen, and an expanding presence in Vietnam and Europe, HKU Business School embodies our unique proposition: deeply rooted in Hong Kong, fully engaged with the Chinese Mainland, and truly international. This year’s Green Paper reflects our dedication to inspiring solutions based on rigorous research. As a world-class institute of higher education, we are committed to enabling Hong Kong to further unleash its core values and usher in a new era of high-quality development.”
Prof. Heiwai Tang, Associate Vice-President of The University of Hong Kong and Associate Dean of HKU Business School, added, “This Green Paper features research papers from ten teams of scholars with diverse backgrounds and varied expertise. Based on profound insights into Hong Kong’s development, they offer unique and targeted policy recommendations, building a rich and multifaceted framework of issues for the Green Paper. At the same time, behind these research achievements lies the scholars’ deep affection for and sense of responsibility toward Hong Kong.”
Regarding how digital technology can boost Hong Kong’s trade finance, he emphasised: “Both data and industry feedback clearly demonstrate the core value of trade finance. However, we need more synergy in the trade finance ecosystem and to catch up in digitisation. To address this, we must strengthen the governance and standard promotion of digital trade platforms and tools, deepen the cross-border interoperability of trade data, expand the functions of the Hong Kong Export Credit Insurance Corporation, focus on high-value-added trade enterprises, extend the coverage of Free Trade and Double Taxation Avoidance agreements, and promote responsible stablecoin adoption and Renminbi internationalisation.”
Prof. Dragon Tang, Professor in Finance at HKU Business School, stated, “Hong Kong is uniquely positioned to lead in the integration of blockchain technology within green finance, exemplified by our pioneering issuance of the world’s first tokenised green bonds, totalling HKD 6 billion in February 2024. With green finance representing a critical avenue for sustainable development, the global market is projected to grow significantly, emphasising the importance of transparency and trust. To capitalise on this opportunity, we must enhance our blockchain infrastructure, establish clear regulatory standards, and promote cross-border integration with initiatives like Core Climate. By leveraging blockchain’s capabilities, we can significantly reduce costs, improve transparency, and engage a broader investor base, ultimately driving our transition to a sustainable finance future.”
Prof. Huiyin Ouyang, Associate Professor in Innovation and Information Management, HKU Business School, commented on her study, saying, “Two weeks post-implementation of the hospital fee reform, the media reported no significant change in emergency department crowding, which aligns with what our analysis predicted. Overcrowding isn’t simply about patient behaviour – it’s a structural issue. Demographics are shifting, capacity is constrained, and alternative treatment options remain limited. What we now need is a careful, systematic evaluation of the fee changes. Where are vulnerable patients going for care? Are some patients delaying treatment? What unintended effects are emerging? Effective reform requires pairing fee adjustments with expanded primary care access. We can’t solve a capacity problem with pricing alone.”
Dr. Tingting Fan, Principal Lecturer in Marketing at HKU Business School, presented as well, spoke on her study and asked, “Why did Pop Mart go public in Hong Kong but register IP in Singapore? Or why was Molly ‘born’ in Hong Kong but did not go viral from Hong Kong? Why have local companies not managed to turn these homegrown IPs into major business triumphs? Learning from the past and looking forward, Hong Kong can leverage its financial market, legal system, as well as talents to build a comprehensive IP industry infrastructure and become an IP hub.”
The Green Paper includes ten articles; the key points are as follows:
Empowering Merchandise Trade Finance with Digital Technology in Hong Kong Author: Prof. Heiwai Tang, Associate Vice-President (Global), The University of Hong Kong; Associate Dean (External Relations), HKU Business School; Associate Director, Hong Kong Institute of Economics and Business Strategy; Victor and William Fung Professor in Economics
Trade is an essential lifeline for Hong Kong; its total merchandise trade was three times the city’s HKD3.2 trillion GDP in 2024. Trade finance is thus equally important, yet research shows that the total loans extended for trade finance have been declining.
As geopolitical and technological shifts reshape trade, Hong Kong must upgrade its trade finance services. With consumer-goods trade shifting to smaller, more frequent orders and shorter cycles, financial institutions need to streamline approvals and develop flexible products for e-commerce and logistics-driven cash cycles. Banks also need to digitise core processes in fund settlement. The article cautions that platforms directly connecting mainland manufacturers with overseas buyers disintermediate Hong Kong’s traditional hub-and-spoke role.
To address this, the article suggests the government leverage digital technologies to elevate the adoption of Hong Kong’s digital trade platforms through unifying core digital trade functions. Moreover, speeding up interoperability of trade data platforms with the Chinese Mainland and other economies will enable seamless data exchange.
Rebuilding Hong Kong as the Catalyst to the Greater Bay Area (GBA) Startup Ecosystem Prof. Alberto Moel, Professor of Practice in Finance, HKU Business School Prof. Joseph Chan, Associate Professor of Practice in Management and Strategy, HKU Business School; Associate Director, Centre for Innovation and Entrepreneurship
Offering a quantitative analysis of the evolution of Hong Kong’s startup landscape, the article found that post-2019 activity has slowed, mirroring global venture capital trends, with most failing to grow beyond 50 employees due to scarce late-stage capital despite early-stage availability. While fintech and logistics dominate and AI/blockchain grow quickly, deep tech lags—authors view this as temporary and highlight Hong Kong’s alignment in financial innovation, regtech, and GBA supply chains to attract investment and support corporate transformation.
To strengthen Hong Kong as the GBA’s premier startup hub and international financial centre, the article recommends nine policies—including fixing funding gaps, closing academia-market divides through industry-focused research for tech transfer, attracting/retaining talent, integrating Northern Metropolis with GBA supply chains, pivoting to high-value services, and drawing large tech platforms to incubate local startups.
The Applications of Blockchain in Green Finance: Hong Kong’s Experience and Opportunities Author: Prof. Dragon Tang, Professor in Finance, HKU Business School; Associate Director, Centre for Financial Innovation and Development
The green finance market has entered an important new phase. Hong Kong became the world’s first issuer of sovereign tokenised green bond when it priced an HKD800 million one-year note in February 2023. Despite this, Hong Kong faces several challenges in the practical implementation of using blockchain to advance green finance. This is due to the limited interoperability between blockchain platforms and existing financial infrastructure, which hinders cross-market transactions. Real-time settlement for tokenised assets is also difficult because of scalability constraints.
The article argues that the future success of blockchain development in green finance will depend on progress in three areas: standardisation, scalability, and security. Clear regulatory frameworks and common technical protocols are needed to provide legal certainty and interoperability across platforms. While collaboration among regulators, technology providers, and energy-market participants can align rules for tokenisation. Blockchain can also connect Hong Kong’s Core Climate platform with overseas counterparts, as cross-border integration is crucial to the inherently international nature of climate finance.
Can Hong Kong be an IP hub for Future Labubu? An Overview of Hong Kong’s IP Industry Dr. Tingting Fan, Principal Lecturer in Marketing, HKU Business School Prof. Heiwai Tang, Associate Vice-President (Global), The University of Hong Kong; Associate Dean (External Relations), HKU Business School; Associate Director, Hong Kong Institute of Economics and Business Strategy; Victor and William Fung Professor in Economics
As Labubu’s success turns the spotlight on the growing importance of the IP industry, the authors propose that this can inspire more creators and businesses to invest in branding, licensing, and cross-border collaborations. This can also attract policymakers’ attention to the emerging IP sector as a key driver of innovation and economic growth.
To position Hong Kong as a leading regional IP trading centre, the authors recommend that stakeholders—including IP developers, entrepreneurs, and government agencies—coordinate efforts across key areas. These include building a robust IP financing ecosystem, such as through government-issued IP bonds replicating the green finance model; enhancing infrastructure and platforms to support IP development; developing specialised talent and professional services in the IP sector; promoting IP initiatives throughout the Greater Bay Area; and strengthening IP protection alongside a solid legal framework.
Thematic Research: Maximisation of Social Value and Shareholder Value – Insights from Hong Kong-listed Companies Across Sectors Author: Prof. Sean Chang, Associate Professor of Practice in Finance, HKU Business School
Through a triangulation research approach, the article examines how social policies, international frameworks, and corporate social responsibility influence a company’s valuation and capital budgeting decisions. Using insights from major Hong Kong-listed companies across nine sectors—spanning transport, utilities, financials, banking, conglomerates, technology, real estate, consumer, and hotel servicing—the research highlights CSR’s role in enhancing long-term firm performance.
Key findings show that corporate risk assessment, company valuation, and stock performance are significantly influenced by CSR-linked socially responsible investing (SRI) factors. Hong Kong-specific social values, such as equality and sustainability, shape investor preferences, guiding finance managers to tailor solutions and adapt regulatory standards. While conventional metrics remain dominant, incorporating social value boosts long-term firm value by building shareholder trust and mitigating risks; companies can pursue CSR projects financed via SRI bonds to create dual economic and societal benefits.
The study recommends embedding core values like equality and sustainability into corporate strategies, aligning budgeting processes with social objectives to pinpoint investments yielding both returns and positive impacts, and urging Hong Kong-listed firms to sustain capital budgeting aligned with enduring societal values.
Housing Affordability and Homeownership in Hong Kong, 1985-2023 Mr. Allen W. Huang, Student Researcher, Hong Kong Future Economy Institute Mr. Alex Ngau, Research Associate, Hong Kong Future Economy Institute Prof. Michael B. Wong, Assistant Professor in Economics, Management and Strategy, HKU Business School
Hong Kong’s housing market has grown increasingly unaffordable, hindering upward mobility for younger generations. Main findings from the research reveal that since the 2002 suspension of the Home Ownership Scheme (HOS), homeownership has declined sharply, rendering private housing “impossibly unaffordable” for median-income households. A wide public-private rent gap drives young people to accept lower-paying or part-time jobs to qualify for public rental housing (PRH), distorting labour supply, stifling human capital investment, and fuelling a surge in adult co-living with parents; younger cohorts (born 1980-1999) face far lower access to public housing and ownership than prior generations at the same age.
Taking Hong Kong Island as an example, between 2003 and 2024, the rent-to-income ratio for a typical 400-sq-ft private unit jumped from 35% to 60% of median household income, peaking at 65% in 2015 and 2019—far exceeding the UN-Habitat and World Bank’s 30% affordability threshold. Public housing rents stayed dramatically lower at just 7%–11% of median household income from 1985 to 2024. For home purchases, it now takes 18.2 years of median income to buy a 500-sq-ft private unit (up from 7.4 years in 2003), placing it in the “impossibly unaffordable” zone per the Demographia International Housing Affordability report, where ≤3.0 years is considered affordable and 9.0+ years is impossibly unaffordable. After the 2002 Home Ownership Scheme suspension, even subsidised HOS units now require 15.8 years of income on Hong Kong Island (up from 7.4 years in 2007), shifting them from moderately unaffordable to severely or impossibly unaffordable in urban cores.
To reverse these trends, the authors recommend ramping up production of high-quality ownership units, easing resale and leasing restrictions on existing subsidised sale flats to boost residential mobility and enable “trading up” the housing ladder, setting housing price and affordability targets over mere supply goals, and adopting responsive mechanisms to balance demand and supply.
Beyond Crisis Management: Structural Reform for the Overcrowding in Hong Kong’s Emergency Departments Prof. Huiyin Ouyang, Associate Professor in Innovation and Information Management, HKU Business School Ms. Yiran Zhang, PhD student, HKU Business School
Hong Kong’s public emergency departments (EDs) handle over 2.14 million annual attendances. This crisis, exacerbated by an ageing population, results from a structural mismatch: the majority of the attendances are for non-emergency conditions, leading to staff burnout and compromised care.
The article proposes three comprehensive structural reforms. First, improving operational efficiency with accurate wait time information systems is crucial. Second, increasing the ED fee (categories III–V) aims to divert non-critical patients. Success for this hinges on assumptions about patient responses, particularly how varied population segments will react to the price signal. International evidence raises concerns, showing that higher ED fees can reduce overall utilisation, but with the decrease primarily occurring among price-sensitive groups who may risk delays in receiving serious care. Therefore, for this reform to succeed, the public must have genuine access to alternative care pathways that can accommodate acute but non-emergency needs outside regular business hours, with pricing acceptable to price-sensitive populations. Third, AI can augment the workforce and manage demand (e.g., through telemedicine).
Ultimately, sustainable reform demands robust evaluation, political courage, and a commitment to address root causes, not just symptoms.
Initial Efforts to Empirically Measure AI Activity and Its Impacts on Hong Kong’s Labour Market Prof. Alan Kwan, Associate Professor in Finance, HKU Business School Prof. Mingzhu Tai, Associate Professor in Finance, HKU Business School; Associate Director, Institute of Behavioural and Decision Science Mr. Zihan Wang, Master student, HKU Business School
In an effort to empirically measure the impact of AI on Hong Kong’s labour force, the researchers observe that firms with a higher adoption of AI experience lower headcount growth. However, the scale of impact appears small in the city, which could be due to several potential reasons. One of these is the different composition of Hong Kong’s labour force compared with other countries. For instance, Hong Kong has a high proportion of finance or managerial talent, which is harder to displace; the city also features older or more elite workers. On the other hand, much of the impact of AI, particularly generative AI, is on the less elite and younger populations.
As such, the authors recommend policymakers produce more labour market statistics that track the impact of AI, particularly by occupation. On the rate of AI adoption in Hong Kong through innovation, the authors find that the city is heavily skewed towards research, but not commercialisation. This means that the quality and quantity of academic research is not translating to commercial use. To address this decoupling, the authors propose that the government tweak its existing early-stage startup funding platforms to encourage streamlining and higher utilisation of existing government resources.
The Impact of Generative Artificial Intelligence on Cybersecurity in Hong Kong Author: Prof. Michael Chau, Professor in Innovation and Information Management, HKU Business School
As GenAI can produce human-like text, code, images, and audio, cybersecurity crimes have become easier and faster to perpetrate. Not only have data leaks and hacks into security systems led to significant financial losses in Hong Kong, but they also hurt confidence in the city’s digital infrastructure.
The article recommends using AI to fortify Hong Kong’s cyber defence, such as using biometric verification and deepfake detection technologies, especially in areas involving critical infrastructure and high financial stakes. It is also important to prevent data leakage and other threats in using GenAI.
Hong Kong’s Next Growth: Pioneering the Web 3.0 Ecosystem Prof. Yulin Fang, Professor in Innovation and Information Management, HKU Business School; Director, Institute of Digital Economy and Innovation Mr. Yangchen Mou, PhD student, HKU Business School
Given the inherent risks in Web 3.0 operational models—most notably within Decentralised Finance (DeFi) systems—striking a balance between fostering the development of the Web 3.0 ecosystem and implementing appropriate regulation to maintain financial stability is and should be a key priority for Hong Kong authorities. To support this, the article categorises the industry into three distinct systems—Centralised Finance (CeFi), the integration of Traditional Finance and Centralised Finance (TradFi-CeFi), and Decentralised Finance (DeFi)—and put forward targeted policy recommendations for each.
For the CeFi system, the authors recommend creating a more conducive environment for development by refining specialised auditing frameworks, promoting a local Web 3.0 talent certification system, and introducing global leading CeFi institutions to the local market. For the TradFi-CeFi system, they suggest upgrading audit standards for traditional firms holding digital assets and upskilling traditional finance professionals with Web 3.0 expertise. In contrast, for the DeFi system, which carries higher inherent risks and poses greater regulatory challenges, the authors advise authorities to adopt a prudent stance while keeping monitoring its latest technological developments.
The full version of the Green Paper can be accessed here. Hi-res photos are available here.
Hashtag: #HKUBS
The issuer is solely responsible for the content of this announcement.
About HKU Business School
Established in 2001, HKU Business School is one of the youngest and most dynamic members of The University of Hong Kong (HKU). The School strives to nurture first-class business leaders and foster academic and relevant research that serves the needs of Hong Kong, China and the rest of the world in the new Asia-led economy. As a top international business school, the School has established its place as a globally impactful institution that leads the way through timely thought leadership, pioneering research, and educational excellence. Deeply rooted in Hong Kong and fully engaged with China, the School’s world-class faculty equip students with global knowledge and perspectives.
HKU Business School offers business education across a full range of disciplines, while achieving remarkable growth in faculty strength and research capabilities. The School ranks Asia’s No.1 in Financial Times’ Aggregated Research Ranking for two consecutive years, 2024 and 2025, while the University of Hong Kong ranked 11th in the world and No. 1 in Asia according to the QS World University Rankings 2026. The School has strategic partnerships with world-renowned universities and corporate partners, providing market-oriented content, superior learning, and instrumental resources.
To better serve our students and alumni in various cities and regions, and to facilitate collaboration opportunities with business communities around the globe, HKU Business School has established a unique international network that extends to Beijing, Shanghai, Shenzhen and Ho Chi Minh City.
HKU Business School is fully accredited by the European Quality Improvement Systems (EQUIS) and the Association to Advance Collegiate Schools of Business (AACSB).
Matein Khalid The tragic images of the bloodbath in Iran, caused by the regime’s crackdown on protests have horrified the world and amplified the price surge in both oil and precious metal markets, with silver at $95 an ounce and tin up almost 30% in the first two weeks of 2026. Emerging markets will unquestionably be the dominant theme of 2026 now that the macro data suggests […]
By K Raveendran Oil prices have jumped roughly six percent in the span of a week, pushing benchmarks to around $63 a barrel and jolting a market that had grown accustomed to softer expectations closer to $50. The move has been swift enough to prompt talk of an over-reaction, not least because traders have already […]
President Donald Trump said on Monday that any country conducting business with Iran would face a 25% tariff on trade with the United States, signalling a sharp escalation in Washington’s economic pressure as the White House weighs its response to unrest inside Iran marked by widespread anti-government protests. The warning was delivered via a post on Truth Social, where Trump said the measure would take effect immediately […]
By Nantoo Banerjee The theatres of state-sponsored piracy are expanding, from the traditional Red Sea, Gulf of Oman, Somali Basin to the Black Sea and now the Atlantic. The recent US seizure of Russian-flagged oil tanker, Marinera, originally known as the Bella-1, after pursuing the vessel for weeks across the Atlantic, may be considered as […]
Bangkok’s long-held reputation as the “Detroit of the East” is under strain as the global shift towards electric vehicles reshapes South-East Asia’s industrial map, with Vietnam emerging as a more agile rival built around a powerful domestic champion. For half a century, Thailand’s automotive sector has been the backbone of its manufacturing economy, contributing about a tenth of national output and supporting hundreds of thousands of jobs […]
Brent crude futures have strengthened sharply this week as traders responded to escalating instability in Iran and broader geopolitical risks that are reshaping oil markets. Supply concerns linked to nationwide protests in one of the Organisation of the Petroleum Exporting Countries’ most significant producers have driven prices above $63 a barrel, while investors assess how unrest and geopolitical flashpoints could affect output and shipping through vital corridors. […]
Arabian Post Staff -Dubai Airlines operating from the Gulf sharply curtailed services to Iran on Friday as unrest inside the country prompted rapid operational reviews, disrupting travel links between Dubai, Doha and several Iranian cities while carriers weighed safety and regulatory considerations. Schedules published by Dubai’s airport operator showed multiple cancellations on routes linking Dubai with Tehran, Shiraz and Mashhad. A spokesperson for flydubai said all services […]
Authorities in Iran cut internet connectivity and restricted mobile phone services overnight as demonstrations flared across several cities, a move that marks a sharper phase in efforts to contain public dissent. Crowds were reported in neighbourhoods of the capital Tehran and in provincial centres, with security forces deployed around key junctions, universities and government buildings. The digital blackout, which activists said began late in the evening […]
Internet access and telephone networks across Iran were cut late on Thursday after crowds poured onto streets and residents shouted from rooftops in multiple cities, according to witnesses and digital rights monitors, marking a sharp escalation in nationwide unrest. Demonstrations flared after an appeal by exiled crown prince Reza Pahlavi for a coordinated show of defiance, prompting gatherings in the capital Tehran and other urban centres. Within […]
Matein Khalid 2026 has started with a bullish bang for my Dr. Copper trade, even though a single trading session when half of Asia is still getting over its New Year’s Day hangover is hardly an optimal sample size. Yet as I see LME spot copper trade at $12500 a metric ton, I feel exhilarated as this is precisely the breakout I flagged for my friends and […]
Donald Trump issued a stark warning to Iran, declaring the United States was “locked and loaded” should Tehran threaten American interests, as deadly protests inside the country intensified pressure on its leadership and sharpened an already volatile regional standoff. The remarks, delivered during a briefing in Washington, followed days of unrest across several Iranian cities after demonstrations turned violent, leaving dozens dead and hundreds injured, according to […]
Iran has signalled that it is prepared to accept cryptocurrency as payment for advanced military hardware, a move that underscores Tehran’s efforts to widen its financial options under sanctions while raising fresh concerns among regulators and security analysts about the use of digital assets in global arms markets. Information published on a government-linked defence export website indicates that prospective buyers could settle contracts using cryptocurrencies for a […]