BSU&U 2017 November Issue

Meet the Team Cover Stories Function Review Executive Theme Committee Neat Ltd Joint-University Sub-committee Mr. Donny Siu Business Dinner 2017 P.8 P.13 SBM X BSU Annual Cocktail Session 2017MessagesAbout Us Mentoring Program 2017DeanEditor-in-Chief Joint-Union SportsChairperson Tournment 2017 P.4 Photo-Taking Day 2017 P.18

Special Thanks Special Columns Welfare Express NEXTAdvisors Our Products Promotion from Exchange The Nominated P.26 Internship P.41 Cabinet Global Business Information P.42 Lifestyle Technology Sports Opinion Current Business Affairs P.28

ABOUT USThe Business Students’ Union is a student-run, non-political and non-profit-making studentorganization. Founded in 1991, it was the first school union established in the Hong KongUniversity of Science and Technology. As the sole union representing all the students studyingin the School of Business and Management, we are proud to serve over 1600 members today.Our mission is to enhance students’ knowledge and exposure to the business world as well asto assist them to maintain a close relationship with each other. To achieve our goal, it is thereforealways our aim to provide a wide variety of academic and social functions for our members.

Prof. Kar Yan Tam Dean Chair Professor, Department of Information Systems, Business Statistics and Operations Management School of Business and Management HKUSTFinTech is driving a new order of fundamental change to not only traditional financial services, but alsoour future. It is not only about new technologies, but how new opportunities and new jobs are created.As a future business professional, you should closely look at the new wave of advances in technologyand its impact on all walks of life.Our students need to stay ahead of the game so the Business School has taken active steps toposition itself as a FinTech intellectual powerhouse to look into the rich possibilities that FinTechcan offer for our young generation. For example, we will strengthen FinTech course offerings acrossdifferent programs and work closely with other Schools to prepare for an MSc program in FinTech.To promote FinTech and an innovation culture, the School recently organized a “FinTech Week” oncampus, which featured a series of activities including a career fair, company talks, an alumni paneldiscussion, and a Hackathon that encouraged students to test their creative ideas.To support student startups and collaborative projects with businesses, a purpose-designed incubatorwill be set up on campus next year. This, together with other moves, will be an integral part of ourcommitment to prepare our students for tomorrow.This issue’s cover story, “Evolve into Finnovation” comes at an opportune time to enable our peers tolearn more about the new challenges brought on by changes in technology.

Words fromChairperson T YUEN Man Long, Tony Chairperson The Business Students’ Union, HKUSTSU, Session 2016-2017 ime flies and it is now already in November which is almost the end of the term of office of the 26th session. May I take the chance to thank all the external parties, advisors, university officials, members and the executive committee members for all the support given and effort paid. The Union would not be that successful without the support from all the parties mentioned.November issue is definitely my favorite one among the three because the issueincludes every function we have organized in the year 2017. All the best memoriesflash back when the time I flipped through pages and pages of the November issueand I am so amazed by all the things we have achieved. They marked our fruitful termof office.Being an executive committee member is never an easy task for me, let alone theChairperson of The Union. I am so glad to have my 11 fellows to walk along thischallenging year with me. Thousands of challenges we have encountered throughoutthe year. They were all tough yet we managed to find a way out. It is pretty scary toknow how quickly time flies. I still could not believe how much we have gone throughin this magnificent year. As an old saying goes that ‘Time flies over us but leaves itshadow behind us’. I believe that our term of office in the year of 2017 will be one ofthe best memories in our life. I would like to thank all my 11 fellows again for everymoment in the year. The most beautiful thing ever happened to my life is meeting my11 fellows. All of you are best, and it has always been.Finally, on behalf of the The Business Students’ Union, HKUSTSU, Session 2016-2017, I would like to wish the very best for The Union in the coming future and a verysuccessful term of office for all the future sessions. The future is unpredictable butone thing that I know for sure is that it will be tough and full of challenges. Yet, I havethe faith in all the future sessions to bring The Union flying high and soaring high.

an editor’s eye IM Man Yi, Wendy Publication Secretary The Business Students’ Union, HKUSTSU, Session 2016-2017 Fall Comes with the congregation of fresh graduates, which also marks the end of the term of office for The 26th Executive Committee of The Business Students’ Union, HKUSTSU. A special thanks to your support towards The Union, as well as our Publications - BSU&U. Being the Editor-in-Chief has taught me a lot in design, and communications. And beginningwith the November issue, more chemicals are going on with thehelp of sub-committee.Bringing the publications to another electronic platform, it is still andforemost the work of editor for a discerning audience, a beautiful and meaningful— we hope—package of ideas, words and images that a group of experts prepares for its readers. This time, rounding out our content is FinTech, and I know you will be impressed by the thoughts from keynote interviewees. Until next time…

YEU Wing Hong, Harry Im Man Yi, Wendy Wong Nga Ling, Anna Yim Wing Fung, Ivan Wong Fan Ying, Grace Yuen Man Long, Tony External Vice- ChairpersonInformation Systems Secretary Public Relations Secretary Academic Secretary External Secretary Chairperson Publication SecretaryIt has been nearly a year from True love doesn’t have a Life is like a coin. You can Throughout my term As one of the 26th Executive Our adventure startedNascence of Pilgrimage, happy ending because true spend it any way you wish, of office, the greatest Committee of The Union, I in January. All along thethat we accomplished love never ends. but you could only spend it satisfaction and am very honored to have adventurous journey, wetwelve events, with joy and once. accomplishment was served our members and experienced everything.tears, days and nights, here November comes with the neither the outcome of the delivered the best of us We worked together. Wefinally comes to the end of busiest time of the season. A year ago, I made my function we organised nor to them. Hopefully, you all discussed together. Weour journey in the Union. No One year has passed, and decision in becoming the connection built with have enjoyed what has argued. We suffered.matter how time changed, 12 of us share the love the executive committee external parties, but the been offered along. We bore responsibility.title changed, character and joy with each other. member of The Union, progression of my friends We achieved our goals.changed, the twelve of us Conversations may be spending my time in my becoming family. BSU is an organization with We accomplished everywill continue our lifelong short and silence long, yet chosen way. 12 months history. When 26 years have mission. We tackled everyjourney with our everlasting our relationships make life a passed and it’s coming to Thinking back to the day passed, it’s time to pass on problem. We cried but wefriendship. It is the time beautiful song. the end of our term of office. we first nominated for the legacy of The union also smiled. We laughed.for Agis to turn a new I would never forget all the the Cabinet, I have never and create an astonishing We had fun. And then, wepage of our journey and This is not the end. This is time the 12 of us spent experienced relations with road to the future. I believe become the closest friends.create another numerous not even the beginning of together, the memories such intimacy. Things that the legacy of BSU is It’s time to say goodbyememories apart from the the end. It’s rather the end we made, the laughters change for a purpose, more not bringing overwhelming which it doesn’t meanduties and responsibilities. of the beginning. and tears we shared and often to worse than not. I pressure but excellent anything. It’s the time weAnd for The Business the journey we have gone am not lucky, but blessed to models for our next session spent together that matters,Students’ Union, HKUSTSU Stay with us - and expect through. be a member of Agis, The to follow and pass on. not the time it ends. And Iwith the fruits we reaped more. 26th Executive Committee think goodbye is too crueland reserved in the past I would like to take this of The Business Students’ I’ll definitely have to thank my and I’d much rather to25 years, we wish the next chance to say a ‘thank Union, HKUSTSU. fellow executive members. say hello to our life-longsession all the best and to you’ to my fellow executive You have created the best friendship.continue the evolution. committee members and Christmas, New Year, memories for me to keep people who have supported marks the ending of our forever. Together, we have us throughout this year. session and the beginning built The 26th BSU, and Here marks the end of of the upcoming. It also it wouldn’t be any better the term of office of The signifies the reborn and without anyone of you. Time Business Students’ Union, commencement of a brand changes. People change. HKUSTSU, Session 2016- new star. May I hope the The world changes. Our 2017. Please continue to successive cabinet every bond doesn’t, ever. support The Union in the success in the coming near future and best wishes future. to the new session and The Union!

Wong Wing Sze, Julia Law Chit, Jeff Wong Keng Fong, Morris Leung Chung Him, Caleb Leung Tsz Him, Vincent Ko Sin Tung, Jessica Internal Secretary Financial Secretary Promotion and Publicity Secretary Sports and Recreation Secretary Welfare SecretaryInternal Vice- Chairperson Marketing Officer Current Business Affairs SecretaryGrateful, thankful. Serving as a member of Time flies. With the All things must come to an Just a glimpse, a year term Time flies over us, but Executive Committee of effort contributed in the end, so does my year work- of officer period passed. leaves its shadow behind.The day we met each other The Union is definitely an previous months, we ing with my 11 colleagues Throughout the year, there Being an Executivein the name of the Executive once-a-lifetime experience. have accomplished 12 in the Union. The year flies were a lot of setbacks Committee member of TheCommittee, perhaps had There is a lot to discover, functions successfully just in a twinkle, yet it will and challenges. But I Business Students’ Union,shaped what we should do explore and treasure with with fully devotion. Without always be a meaningful can recall none of them. HKUSTSU, Session 2016-in our term of office, but it the other 11 great people the supports from other and unforgettable one. The What I remember are the 2017 is one of the mostdid not limit what we could in our Cabinet. It seems members, it is impossible to journey is tough, full of ups fragments of happiness important decisions in life. Ido. that the Winter of 2016 serve over 1600 members and downs, yet will always in BSU with all executive never realized one year can was yesterday only - in SBM, not to mention all be one of the most remark- committee members. be that fast. All the thingWe walked along with the unfortunately we are only HKUST students. ables. Every journey must have happened in this year isprecepts and directions a month before the closing a ending. The end of my fruitful and enlightening.built from the past, but of the session. Luckily, we Though the executive period I am proud to be an exec- official period mark ourstrived together to be have all grown up in the is almost finish, I would utive committee member, achievement in BSU by Every time, when I sawourselves in the moment. year and tried to make our treasure the remaining time and it has been my plea- session 2017-2018 but our members using theThe milestones we touched BSU life unregretful. May I to work with other executive sure to serve the members doesn’t mark the end of the welfare product and unionalong life’s way and the wish the current Nominated members. I strongly believe of the Union. Here is my friendship among all 12 of product from our union, thememories we weaved, Cabinet all the best to shine that the experience would gratitude for the support us. I am proud to be a BSU happiness is indescribable.would stay long enough to and shimmer continuously never fade as it rooted in my of our members and to all executive committee. I am glad and pleased thatbecome our unique vibe. in the coming year! heart. Last but not least, I the people who lended a I have this precious chance wish the following sessions helping hand in this journey. to serve all the members inSincerely hope that our all the best, looking forward I wish the upcoming ses- our Union. One month later,vibe had dissolved to the to another remarkable sions the best of luck, and there will be new ExecutiveUnion and all students in history in the coming future. all the best to the Union! Committee members tothe HKUST community. continue the legacy of The“Proudly present you Business Students’ Union,Agis, The 26th Executive HKUSTSU. I wholeheartedlyCommittee of The wish their success in theBusiness Students’ Union, coming year.HKUSTSU, and we wishyou and The Union all thebest.”Beholden.

Meet our Sub-committeeA perfect blend of creativity and technical wizardry.The good people formula for great publications!Formed by a vast oftalented, kind-heartedfreshmen, the sub-committee group underThe Business Students’Union, HKUSTSU is eagerto spread their wings. Though having diverse characters, we find ourselves having no difficulties in casual interactions, when our bond grows even stronger in teamwork. We are all dedicated, enthusiastic students. Sub-committee

Johnny Chan It’s my pleasure to join this team because Nathan Chan I enjoy meeting new people and working Greetings! As a fresh editor in the sub- in a team. I have participated many committee, it is my pleasure and fortune volunteer service since I was in secondary to collaborate with a group of enthusiasticNicolas YanAs an avid reader and Forbes-fanatic, I have school. The experience can improve my colleagues to publish this magazine, aalways enjoyed indulging in magazines communication skills. I hope to do more channel for delivering up-to-date businessand discovering how the business world contribution on promoting BSU by what I information to you, our noble readers. I wish to obtain fruitful experiences throughoperates. Naturally, I am ecstatic to finally can. my participation, while exposing you to thebe a part of the production side of things vigorous business world. Hope you canand contribute to BSU&U’s publications. discover joy in reading our publication.Happy re Jim Cheung Interested and experienced in Chinese language and Louis Chan creative writing, I would like I am glad to be a part of the BSU to find myself something publication team,having chances to Tse Wai Chak new to experience. approach different business man in Interested in knowing people real life.It is an amazing experience and worldwide news, I am a very BSU&U as an English, for me to broaden my horizon. keen learner. Being an editor ofJason Chan Also,I have met a lot of great friends the Publication BSU&U delights business oriented,Being part of the publication team here,we worked together as a team. me as it provides a channel fortaught me a lot. Thanks and enjoy It is an unforgettable experience for me to express my views and informative publication isreading! me! reflections on what I had learnt something challenging to me and I would like to try my best to create a perfect magazine for every one of in the past, while also being able the business school. to know more schoolmates, who can be my dearest friends in the future. I will be striving my best to construct a great and impressing magazine for everyone of you.

Tiffany Chan Cherry Law Tammy YeungI have never thought of being part of the BSU As a fresh editor of publication BSU&U, I In the dynamic business environment,publication team before, as I used to be very am always striving to provide more updated Fintech is considered to be a greatshy and timid. Being one of the member in and diverse information about the dynamic direction for businesses to explore moreinterview team was quite challenging for me at business world. I do share my passion and opportunities. It is my honour to be part ofthe beginning, but I enjoyed it so much, because sincerity through these mesmerizing issues. the publications team and deliver the up-it allowed me to get in touch with different people. Being one of the future elite, how could you to-date information about Fintech to all ofI have stepped out of my comfort zone and met miss any one of these articles? Enjoy reading! you. Enjoy the reading !lots of new friends here!Shenise MaIt is my honour to be a member of thepublication team of BSU. I am glad to havemy teammates, having the same passionand interests in publication. This providesme a valuable experience to explore moreabout financial technology and the businessworld. I hope you all enjoy the issue.Cherry HuiHonestly, I think I have lost touched with artsand design ever since entering university,when they have always been an integralpart of my life. The arts shaped who I amas an individual, and I am delighted to be apart of the BSU publication team, where Iwould be able to enjoy the fun of designingonce again!Hilda Wong Chloe ChanI am a year 1 student majoring in finance. I love cooking and eating. I It was my very first time to corporate with other businessenjoy travelling as well since I could experience different cultures. I am students and become one of the members in doing thehappy to study in UST because I have a fruitful life here. I hope to learn publication stuff. Being a freshman in HKUST, I am luckynew things and met more friends. enough to work as a sub-committee in the BSU. We are going to interviewed some alumni and professionals when preparing our publications. I am sure those experiences would br oaden my horizons and inspire me in my future studies for sure. Tiffany Leung Samantha Kwok As one of the designers in the publication I like reading and writing team of BSU, I am thrilled to be surrounded and has an extensive taste by schoolmates that share similar passion for reading, ranging from towards literature. The following journey may Business to Psychology to be challenging but it definitely can shape education. I like listening myself as a better person and become one to Ted talk whenever I feel of my most unforgettable memory. Hope tired and bored and I also you enjoy! find Taylor Siwft ‘s songs is a great accompaniment to my studies, allowing me to feel refreshed, motivated and energetic. I also acquire a diploma in piano and have an inclination for classical music.Kristy HoIt is my pleasure to be one of the sub-committee. Thanks for everything!

Theme - Evolve into FinnovationThis issue was themed as “Evolve into Finnovation”. FinTech has been a currenttrend in Hong Kong when many startups in Cyberport actually focuses on thearea. When finance meets technology, it could always surprise people withstunning ideas. Heycoins is one of the notable example.To deliver financial service in a more advanced way, there are of course challengesahead. We have featured two interviewees in our cover stories, namely Mr. IgorWos and Mr. Donny Siu. While the former is the co-founder of Neat Ltd., aFinTech startup in Hong Kong, the latter is an expert on coaching students forenterprises. Stay tuned and expect more for the hot news of FinTech!In this ever-changing era, it is necessary for us get to know more about FinTechto keep ourselves up-to-date. Flip through the pages, let’s evolve into Financeinnovation - another era of the business world.

FinTech Rising Star - Neat Ltd. 1 2Neat Ltd. is FinTech company in Hong Kong established It is always a common practice that wea year ago, focusing on digital and service account. Hong use credit card for online shopping. IfKong banking services is rather old-fashioned. By making one does not have any, he or she haseverything happen online, it brings customers higher to borrow from relatives and friends.flexibility in dealing with accounts. “We, Neat Ltd. creates an optimal solution with easy set up proceduresThe initial idea generates from personal experience. Igor of opening a bank account, takingwas preparing to open retail business in Hong Kong back up only 5-10 minutes. Now, we arethen. However the documented procedures were way also offering face-to-face matchingtoo complicated. “I have to get numerous document for technology with the selfie function.”opening just one single bank account”, says Igor. That’swhy Neat Ltd. is founded. There are something you have to be aware of if you have a genuine interest of having a start-ups. First, it would be the regulations, in particular for the banking part. Banking license is especially difficult to attain for newbies. Second, it would be better to cooperate with financial player before you could start operation. The connections would be rather important for the sustainability later.Mr Igor WosCo-founder Mr David Rosa Founder

The legacy is rather old-school a few years ago. FinTech is growing with opportunities to create solution for customers. For example, regulatory technology system, which will be more3 4efficient to the market.There are not much support fromthe government towards the FinTech There are not much support fromindustry in Hong Kong. Early the government towards the FinTechprogrammes for fresh startups like industry in Hong Kong. Earlyfacilities consulting advice, legal programmes for fresh startups likeservices, are provided though.Nonetheless, this condition, according 5facilities consulting advice, legalto Igor, is satisfactory, since the services, are provided though.government is only focusing on Nonetheless, this condition, accordingregulatory, and less barrier is created. to Igor, is satisfactory, since the government is only focusing on regulatory, and less barrier is created. “ Try to join more hackathons if possible. The different team formation could help you gain more insight from various angles. Start trying when you are still young.

Mr Donny Siu Donny is very experienced in SAssociate Director organising hackathons, and he has aEntrepreneurship Center genuine interest in helping studentsHKUST and alumni in the career development. In this issue, he will discuss with us the challenges of Fintech industry in Hong Kong, and how could you gain insight from this ever-changing era. FinTech has a great potential to develop in the territory because it help exceed the limited boundaries we have now, for example, octopus card, hey coins. However, the convenience in the area triggers the loss of competitive edge. “In Mainland, people are living far from city urban, and holding cash is not safe enough, which is the reason why leading to the booming of Fintech, like alipay.” Now, people in China could pay easily by scanning the code using their mobile phone, walking to a cashless society. U

H Hongkongers has some great idea, but they are K not well-received by the general public. HSBC has initiated payme, Octopus Cards Limited also has a new project a few years ago with the phone as payment method. These two innovative measures, however, do not generate support from all walks of life. It seems that the convenience in Hong Kong makes it detach from the opportunities as an incubator of FinTech. “ Students in UST has a creative mindset, and he could see the passion of you in going beyond the limits. Try to solicit the support from HKUST. Ideas matter!S Back to HKUST, the school has been very active in promoting T the FinTech Culture. “ Ever Year, we are organising Hackathons for entrepreneurship. This year, cooperating with the School of Business and Management, we have initiated the UHackFin Project”, says Donny. In fact, there are increasing participation in FinTech competitions. In the CUPP 2017, HKUST team Leverus uses block chain to centralise the loan payment, which impresses the judges and investors, winning the award in the end. Donny also has a strong faith in one of the FinTech product invented by alumni Johnson Leung. “The cryptocurrency he has is sure to be the next unicoin in Hong Kong”.

Jointly organized and supported JUBD is an annually eventby the representing societies which provides an occasionfrom the 9 local universities, for participants to minglewhich are City University of with both peers from theHong Kong (CityU), Hong Kong 9 equivalence universitiesBaptist University (HKBU), and distinguished. JUBDHong Kong Sue Yan University converges distinguished(HKSYU), Hong Kong University guests and participants inof Science and Technology a formal and charismatic(HKUST), Lingnan University event, providing participants(LU), The Chinese University of with interracial opportunitiesHong Kong (CUHK), The Hong with business professionals,Kong Polytechnic University enhancing the knowledge(PolyU), The Open University and understanding ofof Hong Kong (OUHK) and The students towards theUniversity of Hong Kong (HKU). business world.Joint-University Business Dinner2017 had come to a successful This years’ theme was “Archéend on 19th of October. of Scintillating Estrellas”, precisely as “Scintillating Estrellas”. It signifies our hope to escalate the achievements of the past sessions and the success of JUBD. JUBD took the role of pioneer, we hoped that by participating in the event, the eminence of life was achieved.

11 It is our honour to have Mrs. Susanna Chiu, MH, JP (Director & Group Chief Representative of Eastern China LI & FUNG Development (China) Ltd), Mr. Eric Tong (Vice-President of Hong Kong Institute of Certified Public Accountants; Partners, Audits & Assurance, Deloitte China) and Mr. Arnold Yeung (Chairman and Chief Executive Officer of AMG Financial Group Limited) to be our honourable guest speakers of the night to give us such inspiring and insightful speeches. We surely believe that our participants could achieve the eminence of their life, making a path towards their goal while illuminating the pathway to allow students to have clearer sight of their future. Also, to motivate them to attain their “Scintillating Estrellas”.“ The Joint-University Business Dinner 2017 had successfully come to an end with all of the support from distinguished guests and students who came to our event. All your presence contributed greatly to the success and the remarkableness of the event. Thank you once again and we look forward to seeing you again next year!

The event was successfully held on 6th November in the HKUST Business School Central with more than 100 alumni, professors, faculty members and business students attending this event. We are very grateful to have invited Professor Emily Nason, the Associate Dean of the School of Business and Management, Ms. Yvonne Li, Acting Head, Alumni Development, over 30 alumni and professors to be with us in this remarkable event. We believe that all the participants have had an enjoyable evening, connecting alumni from different business fields and mingling with professors from different22 faculties.

ASBnMnuXalBSUBefore The CocktailCocktail Session, we are honored to Session 2017-have invited Mr. Allan Lee to hold a Etiquette and Business Communication EvolutioWorkshop on 11th October. Participants have got the chance to learn about basic business etiquette and networking skills. It is certain that the workshop has not only helped our participants gain knowledge, but has also given the guidance for them to thrive in their future career. Other than the Etiquette and Business Communication Workshop, a Wine and Champagne Appreciation workshop has also been held on 25th October at the Crown Wine Cellar in Deep Water Bay. During the workshop, participants had the chance to learn basic skills to appreciate wine and apply the skills learnt by tasting 6 types of white and red wine. It is a much more relaxing activity which all participants have had much fun during the 2 hours of We hereby hope that all participants have had a appreciation. fabulous experience in this annual cocktail event. “ We would also like to take this opportunity to thank the School of Business and Management and the Alumni Development Team, alumni, faculty members, professors and the sub-commitee members for theirSsupport, making this event a successful one.

Mentoring Program 332017 - Aeonian That is whyMentoring has we organize Mentoring Programbeen popular annually. In light of students’ needs,from secondary Mentoring Program is here to offerschools to even students’ insights, experience andworkplace. Most expertise across different businessof the mentoring fields. Hopefully, after a series ofactivities available mentoring activities and career-are within the building activities, participants canorganization be exposed to as diverse insights asranging from possible.matching a seniorstudent with ajunior one to amanagement-level staff with ajunior associate.As businessstudents, the actual business world can be a mystery to us, even after some brief experience in the industry when there are so many departments and branches left unexplored.

Starting from early October, Mentoring Program has been packed with aseries of rewarding components including workshops, firm visits, CEO-Get-Together Sessions and Mentoring High-Table Dinner. The main objectiveof such an abundant of events is to bridge and connect students to thebusiness world. Doing businesses is all about connections and relationships.Mentoring Program offers a golden opportunity for all participants to buildconnections with business professionals of all backgrounds. Even thoughnot all of them are you mentors, they can still offer valuable advice andpractical feedback on participants’ queries. We hope that participants cangain connections which can help them with their career prospects. We have set the bar of this event as the largest of scale, most diverse and greatest mentoring event for business students on campus. We are very proud to say that we have invited over 100 mentors from more than 50 business fields and been joined by more than 120 participants. Most of the mentors are not just based on one business field but instead have a very diverse background as both an employee and employer as to have started their own businesses.Recapping on the highlight of the program – Mentoring High-Table Dinner, there were more than 180mentors and mentees joining the dinner at The Langham, Hong Kong as the first meet-up of thementor-mentee relationship. We have kept the mentor-mentee ratio at 1:1-2. The dinner served asthe kick-start of mentor-mentee relationship, which we hope that they could continue establishingthe relationship with this basis. We had a great opening by Mr. Vincent Chui, Managing Directorand Head of Asia Institutional Equity Distribution & Private Wealth Management of Morgan Stanley,in which he offered his advice to us on how to be successful in our careers. They were not reallyconcrete to-do lists but instead encouraging advice on our attitude working in the future. Dr. WilliamLo, JP, Vice Chairman & CFO of Kidsland International Holdings Ltd did a light-hearted sharing onsome interesting observations from his roles as a businessman and customer in the current businessworld. Ms. Virginia Choi, JP, Managing Consultant & Country Manager of Tamty McGill ConsultantsInternational Ltd ended our lovely evening with her heartfelt sharing on mentor-mentee relationship,which was very fruitful and memorable. “ Mentoring Program 2017 is coming to an end. However, we believe that it is just a beginning of a long-lasting mentor-mentee relationship or even something better in our career path.

55Photo-taking Day 2017,Graduation, if not the most important one, would be one of the most unforgettableand meaningful moments of university life. We are honored to organise Photo-takingDay 2017, which was successfully held on the 16th and 17th of November, for thegraduates to capture their memories on this special occasion.P“weresetup.co-organized by HKUSTBusiness School andThe Business Students’Photo-Taking Dayto celebrate the big dayUnion, HKUSTSU, aimed2017graduates and build awith Business Schoolcloser relationship withthem. On the eventday, many graduatesvisited LSK building withtheir friends and familyto have a snapshotof the place that hassignificant meanings tobusiness students. Weprovided sophisticatedphoto-taking propsnamely handheldboards and balloonsfor the graduates tohave fun in their photos.A variety of handheldboards were providedat the event, includingfun quotes, specificUST terms, lyrics, andteen slangs. There werealso different kindsof balloons such ascrystal helium balloonswith fillings, which werevery popular amongthe graduates. Besidesphoto-taking props, wealso decorated G/f and1/f of LSK businessbuilding. Backdrop and“SBM” balloon column This year, we have prepared graduation souvenirs for Class of 2017 of the Business School - magnetic bookmark. It symbolises capturing and keeping the memorable moments in the university life as well as the time in HKUST. Lastly, we hoped everyone enjoyed the day and had a great time!

TS2Jop0oiou1nrr7ttn-saUmneionntWith our highest gratitude, we would like4Jfootballandbadminton.The Joint-Union Sport“ to thank all our members and outstanding Tournament 2017, sports team players. We will never be that successful without your greatest support also known as JUST, and efforts. It is our honor to have your supports and please continue supporting held in Mid-November us for coming year. successfully which was co-organized by three school based Unions, including The Business Students’ Union (BSU), The Engineering Students’ Union (ESU) and The Humanity and Social Science Students’ Union (HSSU). Its goals are to increase the interaction between unions and sense of belonging, as well as for members to enhance excellent physical condition. This session of The Joint-Union Sport Tournament 20174 races, for example comprised of a dodgeball opening ceremony and 3 different kinds of sport basketball, 5 people

Special ThanksWe would like to express our heartfelt gratitude towards the support from our advisors across all fields.Without their advice, The Union would not have been reachered that farTony F Chan Prof. Kar Yan Tam President Dean HKUST Chair Professor, Department of Information Systems, Business Statistics and Operations Management School of Business and Management, HKUST Prof. Emily M. Nason Prof. Anirban MukhopadhyayAssociate Dean (Undergraduate Student Affairs) Associate Dean (Undergraduate Studies) School of Business and Management, HKUST School of Business and Management, HKUST Mr. Allan Lee Ka-fai Mr. Allan Lee Ka-fai Director DirectorAllan Lee Professional Solutions Limited Allan Lee Professional Solutions LimitedThe Hon. Ronald Joseph Arculli, GBM, GBS, CVO, OBE, JP Mr. Alvin Lam Senior Partner Managing Partner T12M Ventures Ltd. King & Wood Mallesons

Mr. Wilson C Kwok Mr. Vincent Luk Kin-ping Mr. Philip Tsai, JP Managing Director Former General Manager Chairman Human ResourcesLam Kwok Kwan Cheng CPA Limited MTR Corporation Limited Deloitte ChinaMr. George LUNG Chee-ming, BBS, MH, JP Ir. Ng Cheung Sing Executive Regional Director Founder and Chairman Computer and Technologies Holdings Limited Manulife (International) Limited Mr. John Maguire Ms. Virginia CHOI Wai-kam, JP Head of Corporate Finance Country Manager and Managing Consultant REORIENT Financial Markets Limited Tamty McGill Consultant International Ltd. ChairmanHong Kong Securities & Investment Institute Mr. S.C. Matthias LI Mr LAU Ming-wai, GBS, JP Chief Executive ChairmanOcean Park Corporation Chinese Estates Holdings Limited

Find A Big Thing“Aim for I-banking if you major in Finance.” “You won’t be surprised to see faces from GlobalBusiness Program on The New York Times.” We are often shaped by expectations from others, as well as the perceptions from the society,while we seldom ask ourselves what we truly want; to follow the norms or, to follow our hearts.Perhaps we could give ourselves pause for an exchange. Travel well always comes better than toarrive. It is about the journey that ventures beyond our comfort zone; we record not only the newplaces but also the new ways of seeing things as our destination, and we talk with people fromdifferent cultures and life experiences, that we could find and locate ourselves in them.Treasure the desire that an exchange program could give us. The true inner desire in life is thestarting point of all achievement, not a hope, not a wish, but a keen pulsating desire whichtranscends everything.

Land The Perfect Internship Basically, most of the students in HKUST graduate with some kind of decent work experience. Whether going for a part-time internship or summer internship program or even a semester off study for a full-time job, all of these are popular among business students in HKUST. Here is an information pack for you in searching for your internship. 1. Don’t limit yourself the choices in the market Whether you have a specific field of interest in finding an internship, the main criteria of choosing an internship should the learning opportunities that come with it. Even when the internships offered to you are not from MNCs or with attractive remuneration package, you should still consider them if you feel like the job duties can expose you to the hands-on tasks and equip you better with skills needed in the future. 2. Do consider the possibility of return offer Internships are kind of like the prelude of your 30-year working in the future. If you can settle your first graduate job with the internship taken before, then you would be free from much worries. Internships positions where you can possibly get a return offer are definitely more attractive and beneficial even though the internship package offered now is not the best. 3. Don’t let your major take over what you really want to do Most of the people working now in the business work for something they did notstudy in the university. There are even humanities graduates working forinvest banking. Therefore, your major does not really decide on what you canwork for internship. Though you may not study in finance, you can still earna summer internship in banking with your keen interest and great potentialin the finance industry. Companies usually do not expect interns join thecompany with a complete set of skills (but that does set you apart in caseyou do carry those skills).Here are some useful websites where you can find internships available:JIJIS: Job system exclusive for students from 8 universities (www.jijis.org.hk)jobsDB: Hong Kong’s largest online job platform (hk.jobsdb.com/hk)WHub: Hong Kong’s largest job platform for startups (http://www.whub.io/)

Discover LuxembourgLuxembourg, officially the Grand Duchy of Luxembourg, is alandlocked country in western Europe. It is bordered by Belgiumto the west and north, Germany to the east, and France to thesouth. Its capital, Luxembourg City, is, together with Brussels andStrasbourg, one of the three official capitals of the European Unionand the seat of the European Court of Justice, the highest juridicalauthority in the EU. Its culture, people and languages are highlyintertwined with its neighbours, making it essentially a mixture ofFrench and Germanic cultures. This is emphasised by the threeofficial languages, Luxembourgish, French, and German.

With an area of 2,586 square kilometres (998 sq mi), it is one of the smallest sovereignstates in Europe. In 2016, Luxembourg had a population of 576,249. Although thecountry is the few least populated countries in Europe, the growth rate of populationis among the highest as well. Luxembourg is a developed advanced economy andcurrently recording one of the world’s highest GDP (PPP) per capita. The City ofLuxembourg with its old quarters and fortifications was declared a UNESCO WorldHeritage Site in 1994 due to the exceptional preservation of the vast fortifications andthe old city.Luxembourg is one of the founding members of the European Union, OECD(Organisation for Economic Cooperation and Development), United Nations, NATO(The North Atlantic Treaty Organisation on national defence and intergovernmentalmilitary collaboration), and Benelux (politico-economic union of three neighbouringstates in western Europe: Belgium, the Netherlands, and Luxembourg), reflecting itspolitical consensus in favour of economic, political, and military integration.Economy & BusinessThe economy of Luxembourg is largely dependent on the banking, steel, and industrialsectors. Luxembourg is seen as a diversified industrialized nation which has beenrecording the second highest Gross Domestic Product (GDP) per capita in the worldafter Qatar, Although Luxembourg is called the “Green Heart of Europe” in tourists’hearts, its pastoral land meanwhile co-exists with highly industrialized and export-intensive areas. In general, it can be said that Luxembourg’s economy is quite similar toGermany’s. A special point to notice is that Luxembourg enjoys a degree of economicprosperity, very rare among industrialized democracies.Recent UpdatesFollowing with recent Brexit decision in 2016 referendum, the European BankingAuthority (EBA), the regional banking regulator, will relocate from London and is currentlyseeking a new location for its operation. Luxembourg offered to house the agency freein a 4,200 m2 building but Vienna and Frankfurt from Austria andGermany are also contesting the position of Luxembourg. Thefinal decision is yet to be known – but according to currentsituation from international betting firm, Ladbrokes, Luxembourgis ranked after some major financial centres in the region includingFrankfurt, Vienna, and even Prague in Czech or Warsaw in Poland.As an industrialised economy, Luxembourg has a relatively highpollution emission. According to a 2016 report from EuropeanEnvironment Agency, the emission of CO2 in Luxembourg reaches21.85 tonnes per year, which is almost 2 times higher the EU Average.Under the European Union’s renewable energy directive,Luxembourg declared that 11% of energy would come fromrenewable sources by the Year of 2020. To address the issue,Luxembourg had reached an agreement with Eastern Europeancountries, Lithuania to buy the state’s surplus wind power inorder to achieve the reduced non-renewable energy target by the limit.

Discover MaldivesGet on a trip to Maldives if its once-in-a-lifetime– where paradise awaits.The flower of the Indies, one of the wondersof the world, the pristine tropical island withswaying palm trees and pure white beachessurrounded by crystalline lagoons of varyingshades of blue; you are bound to want thisexperience.But would that blue, become your blue?Having the highly sensitive geography andenvironment, even just an inch of sea level risemeans life threatening for Maldives in the yearsto come, in which the environmental impact ofglobal warming contributes the most for theislands. As experts estimate, in a few decadesthese islands may disappear.Popularity could be passed on, but nature cannotbe fooled. Globalization is not a monolithic forcebut an evolving set of consequences – somegood, some bad and some intended. It is thenew reality.It is always better to see the world than to hearabout it a thousand times, so why not get ona trip to Maldives as if its once-in-a-lifetime –where paradise awaits.

4 Tips To Be A Successful PersonWe all want to be as successful as 2. Social Networkcelebrities like Warren Buffett, Elon The power of social network isMusk, Jeff Bezos etc. However, it underestimated as much as that ofseems to be an impossible mission reading. Social disengagement willfor a normal person achieving such adversely affect our incident cognitivea great success. Indeed, we all have which our response capability orthe potential to become a success- the ability to mingle with others willful person. The key to be successful decline in a large extend. Resultsis not about luck, but hard work and from different researches has shownmore importantly, to work in the cor- that 85% of the job opportunitiesrectly way. Here are some tips for come from people’s social networkeveryone to be a successful person. and three quarters of the rich have a broad social network. Though we may1. Reading not be born to be extrovert and someThe benefits reading brings to you are much of us are less sociable, the skills ofmore than you can imagine. Reading does not mingling with others can definitely beonly help people acquiring new knowledge, trained up. What we should do is tobut also helps improve one’s memory and take the first step to meet some newconcentration. Research done by University friends and build our social network.of Toronto has shown that reading novels Have you got a broad social network?make people better at handling informationand creativity. Novel readers have a better 3. Exercisinghandling especially in vague situations which Everyone knows the benefits of exercising.means a better performance in decision- However, have you ever thought of the reasonmaking process. A news from CNBC reported behind this theory? Indeed, regular exercisethat Warren Buffett spends around 80% of his changes our brain a lot to improve memory anddaytime in reading and he suggests people thinking skills. A study done by the Universityto read at least 500 pages per day. So, have of British Columbia found that regular aerobicyou started to read every day? If not, today is exercise boost the size of the hippocampus whicha good timing for you to start reading! is the brain area involving in verbal memory and learning. The benefits of exercising come in both4. Sleeping direct and indirect ways. Directly, exercises helpLast but not least, the importance of sleeping to to reduce insulin resistance, reduce inflammation,our successful life need not be explained. We and stimulate the release of chemicals in the brainall know that sufficient sleep is important to the that affect the health of brain cells. Indirectly,recovery of our brain cells. Lacking in sleeping exercise improves our mood and sleep whichwill directly affect the efficiency in recovering lead to a reduction in stress and anxiety. Thusour brain cells thus a poorer memory, decision- a reduction cognitive impairment caused bymaking ability, etc. Successful people like Bill problems like stress and anxiety.Gates, Jeff Bezos, they all keep at least 7-8hours sleeping time per day. What are youexcuses not to sleep even successful peoplelike them still keep sufficient sleeping time?

Gobee.bike is the first company Gobee.bike: Ideas and Difficultieswhich introduced shared bike in Jim Cheung Secondly, destruction done byHong Kong. On 20/4 this year, the citizens are one of the biggestcompany placed 1000 bikes in Sha problem faced by Gobee.bike. OnTin district, marked the beginning 21/4/2017, which is the secondof their business. However, day of Gobee.bike’s operation,reports on destruction of bikes several bikes were found drownedhave never been stopped since at the bottom of Shing Munday-1 of Gobee.bike’s operation. River. Other than that, there areMoreover, many of the bikes arecollected by the government due Nevertheless, the idea of shared many reports of destructed bikesto illegal parking by users. Here bike, which is imported from damaged by violence through outwe would first discuss about the mainland China and other parts Gobee.bike’s half year of operation.rationale behind Gobee.bike, then of the world, are still blossoming. Bikes are the most important assetthe difficulties the company is Gobee.bike as the 1st company of the company. The destruction in Hong Kong to offer such kind of bike indicated that Hong Kongfacing. of service has to deal with several people are lack of empathy and areNew users of Gobee.bike need to problems. not treasuring such kind of shareddownload and install the mobile properties.app first, then register and pay Firstly, illegal parking of the bike$399 for deposit. The app would is one of the major concern of Thirdly, the low profitability of thisshow the exact location of all society about shared Bike. As entire industry makes it hard fornearby bikes reported by GPS long as there is no fixed collection Gobee.bike to survive. The pricedevices installed on each bike. point or appropriate area for of renting a bike for half an hourUsers then walk to one of the parking , Bikes can be placed is HK$5, which is actually a lowbikes, scan the unique QR code anywhere on the street after each amount. For Gobee.bike, the dailyon the bike using the app to get it ride this has led to blockage of the cost of production is quite high,unlocked and start riding.Gobee. road. The company has received as long as the company needs tobike has introduced a convenient complaints from residents in the send out staffs to collect, to check,way of travelling especially for community regarding the bikes to fix and to relocate bikes at everythose people who just want to blocking the pavement, the noise corner of the community. That produced by sirens on the bikes, means only a huge customer basetravel for a short distance. etc. Furthermore, government has can help Gobee.bike to survive. been collecting bikes which are But this is probably not the fact. illegally parked on the pavement, Besides, new competitors keep many of them are shared bikes entering the market rapidly and from Gobee.bike. reduce the market share of Gobee. bike. Now there are 3 companies in Hong Kong providing similar services of shared bikes. Although Gobee.bike is the first one to enter the market, the company may not enjoy any benefit being the early bird. Gobee.bike imported the idea of shared bike to Hong Kong, but their road to success will not be easy. Anyway, cycling is good to us and to the city as we can exercise when travelling and we can reduce the need for cars. Shared bike is still a good idea that is worth a try.

AI Technology and Jim Cheung Transportation Tesla motors, an electric car company, launched Tesla Autopilot in 2015 which provided Tesla Model S, the driver assist function to help controlling the car and to prevent accidents. It enabled the self-navigating and self-controlling capability of the car, when comparing with other car manufacturers’ driver assist system,.The function reduced the need for drivers’ attention on driving. Controversy for and against self-driving cars and the Artificial Intelligence(AI) system behind it has been raging.In fact, different Tech Giants including According to SAE Autonomy Level announced by SAEGoogle, Apple, Uber, etc. and leading international in 2014, self-driving cars can be classifiedcar manufacturers like Mercedes into 6 levels, which the lowest level of automation (leveland Audi have started studying and 0) represents no automation and level 5 represent fulldeveloping self-driving car system for automation without human intervention. Tesla’s Autopilotdecades. But they had not gained is around level 3, which can only be self-driven in certainattention from the public until Tesla’s conditions like in highways.counterparts succeeded. Manufacturers claim that cars controlled by AI would be farSelf-driving ready vehicles are more secured than those driven by human beings. Thereequipped with numerous sensors, are also reports of self-driving cars saving human lives, bycameras and radars to detect and reacting quickly before detecting an accident ahead , andidentify the situations on the road, by driving the passenger to hospital . However, opponentsand an AI to interpret and response think that self-driving car are still unable to act like ato those situations. The AI system human driver and could not react correctly in some casesshould be capable of reading the color like humans do. They may get into wrong lane, or move tooof traffic lights, the road signs and the slowly at intersections, or even come to a complete stop whenlane on the road, and respond to any facing unusual traffic conditions or obstacles. It is questionableof the changes in the road, including whether they have the ability to drive in the road together withtraffic light signal changes or even other human drivers.unexpected behaviors of other cars. The development of autonomous cars is still at initial stage, weThis is backed by powerful computer may still need years before having real self-driving cars to sendprocessors that can process signals us to our destination. But actually, similar auto-driving systemsfrom all sensors and cameras have been used in other vehicles for a long time, includingsimultaneously and help the AI to trains and airplanes. AI has been implemented in transportation“calculate” the appropriate reaction to systems for a long time., including trains and airplanes.be done. Comparing to these systems on other kinds of transport tools, Autopilot on cars required a higher level of Artificial Intelligence to interpret more complicated conditions on the road. It is harder to achieve. However, with great effort on self-driving cars, it is possible for tech giants and automobile companies to build real level 5 self-driving cars in near future. The car industry will then be revolutionized, as well as the way of living of humans ourselves.

Every day is a new opportunity. You can build on Sports do notyesterday’s success or put its failures behind and start build character.over again. That’s the way life is, with a new game every They reveal it.day, and that’s the way sport is.Admire the ones around you who loved sports so much,and then learn their charisma. They are relentless, theyplay to the limits of the rules, they do thankless jobs,they motivate through nonverbal displays, they knowwhen to stand up for their conviction and they are intotal control of their emotions.Back from 1949-1953, the New York Yankees Teammade history by winning five consecutive World Seriestitles in Baseball. New York Yankees catcher Yogi Berrawas never officially named captain, but he was the heartof the team, who transformed himself from one of theleague’s worst catchers to one of its best in just oneyear. Berra used to be a rookie and lousy catcher andwas so out of place on the team that the front officehad to tell the players to stop making fun of him. Aheadof the 1949 season, Berra forced himself to ignore allthe belittlements and to embrace himself in an intensivetraining program with three of the team’s best pitchers. When you are lost in life, trying to find a wayWithin a year, he had transformed from one of the out, want to challenge yourself, or simply wishleague’s worst to the best, and his dedication inspired for a better body shape, please do go andhis teammates. Berra well-performed the “mastery pick up any kind of sports. You may fall, youmindset” that when faced with failure, “they didn’t think may hurt and you may doubt for it. But if youthey were dumb; they believed they just hadn’t found persist and stand strong, you will eventuallythe right strategy yet.” find yourself in sports.

Social Media Damping Users’ Interpersonal Skills Do you have a friend who doesn’t own a facebook, whatsappNathan Chan or twitter account? Probably not. In fact, an exponential growth of social media’s popularity has been observed due to the advancement of internet communication technology. This trend, nevertheless, has led to some hot debate among the society, mainly focusing on the possibility of hindering users’ interpersonal skills when using social media for interaction. The truth is, whether you agree or not, the risk of damping social media users’ communication ability should not be denied. The growth of social media takes responsibility of hamper netizens from practicing appropriate presentation skills. As mentioned, more people tend to have one or two, if not more, social media accounts, such as whatsapp, Instagram and telegram. These channels allow users to interact with other users without speaking a word, which actually leads to low practice of vocal communication. Extreme cases can be discovered, such as family members chatting in their whatsapp group while sitting aside. This indicates that social media users could possibly refuse to voice out their thoughts after they are adapted to literal communication. Research says that it is most likely that people who talk less have poor social network, as they are not used to respond and interact with others properly. This is one of the problem that overuse of social media leads to. The abuse of emoji and self-created language should be blamed for hindering people’s interpersonal skills. The existence of emoji leads to a lot of confusion. For instance, emoji is created to mimic human beings’ facial expression, but some of them could have multiple implications. One of the most infamous emoji is the dark smiling moon, while some considering it as a simple expression of being indifferent, others use it to show their rage towards their target. When both the sender and receiver have different interpretations, misunderstandings and even conflicts may occur. In addition, some foreigners start typing Asian language in roman alphabets, which may lead to confusion if others cannot comprehend their messages. This indicates people’s reluctance against using precise expression, which hampers their willingness to develop proper interpersonal skills such as utilisation of precise vocabularies and proper sentence structures. There is no reason for terminating social platforms which are extremely fruitful for delivering freedom of speech and widening netizens’ horizon. It is vital, nonetheless, for netizens to have self-awareness against their habit of communication via social media, to defer themselves from being misunderstood all the time.

Game Character The MOOCs had been in the public limelight for more Tse Wai Chak than 5 years. However, the rate of their growth isMassive open online courses enabled free still booming in 2017, growing faster both privatelyand distant access to university education and openly (Online Course Report, 2017). It canregardless of the backgrounds of the students. be reasoned to the global trend of collaborativeIt led to a massive change on how the general economy and careful planning of MOOC providers.public receives introductory or even advanced The collaborative economy welcomes sharing andknowledge. Universities upload free lessons exchange of assets across different fields of thetaught by their experienced professors, often in society, namely the educators and the public in thethe form of video, on platforms like edX, Coursera topic discussed. Under the tendency, universitiesor Khan Academy for anyone to register, watch initiated their participation and became able toand learn from. They can choose among a rich visualize the benefits of providing these coursesvariety of contents, ranging from language, in concrete figures. Instances include the abilitypolitics, history, to mathematics, business and to differentiate aspects of pedagogy in a class ofeven rocket science (Coursera, 2017). In edX, 100,000 students in comparison to a class of 100these courses can further be tailored into self- students (Negrea, 2013). Additionally, the MOOCpaced course series that would perfectly suit providers took careful steps in their contributionsthe interest and ability of their users (edX, 2017). for its sustainability. Students can pay for theHowever, in the recent past, students were certificate after completing the course and submitonly able to learn from either real-life lessons or their results to universities and employers (Onlinebook reading. Their varied quality and possibility Course Report, 2017). This guaranteed a stabledisorganized presentation might confuse and tangible income of MOOC providers before anystudents or readers. The predefined syllabus intangible benefits for its continuous development.and curriculum in lessons set a limit on what the The future of MOOCs would still be flourishing.attendees can gain, which occasionally is whatthey had already learnt in other courses or by The impact of massive open online courses hadthemselves. The tuition fees and the admission just started to alter the society. The future ofcriteria created an entrance barrier, defining education will be in the hand of MOOC providersan eligibility to receive knowledge. The above and users. However, a controversy of MOOCs onprevented the democratization of knowledge. its role is predictable. Will it be only supplementsIn simpler words, MOOCs didn’t only provide for students and the general public, or will it beanother approach for students in acquiring the system of our education in the new century?knowledge, but a more comprehensive and Regardless of that, obviously, the education ismore flexible channel for the whole society to experiencing a radical yet constructive change.experience a revolutionized way of learning. Let us wait and see.

Robot Labour: A with Sides Coin Two Nathan Chan The first industrial revolution, which initiated in the mid-18th century, left a legacy. Manufacturers started to utilise machineries for mass production, and the trend grew through replacement of human labour in multifarious industries, for instance, catering, financing and logistics. Alongside with many benefits, drawbacks and controversies have been aroused to the surface. History has proven that robot labour enhances productivity exponentially. Primitive machines powered by steam engine aided textile workers to raise productivity by 40% during the first industrial revolution. With the advancement of technology, human workers can now be substituted by robot labour. For instance, on 31st October 2017, Alibaba had been discovered using UAV, a type of drone, to deliver fruit packages across Fujian Province and Meizhou Island, acting as a substitute towards conventional shipping. Without human labour, human mistakes and risk of declined productivity can be highly reduced as machineries are formalised, therefore with lower risk of the occurrence of labour shortage, and a possible lower production cost, robot labour gains an upper hand over human labour. Despite the advantages, introduction of robot labour carries out a lot of social issues. Technological unemployment may occur. Research says that each extra automated robot in the US labour market takes over five workers in average, implying that 1 additional robot labour leads to five employees’ unemployment. Moreover, wages in places where robot labour is imported falls approximately 0.25% to 0.5%. With the deduction in income, people’s living standard are actually declining without compensation from any sources.Current Growing popularity of robot labour does not only affect influenced Business employees, but also the government. With the introduction of robot Affairs labour, the amount of income tax able to be collected reduces in a certain proportion, meaning that the government’s income tends to reduce. In addition, local governments have to compensate unemployed population’s living standard through provision of social welfare, both monetary and non-monetary. A rise in expense and fall in income worsens the financial inequality. Some suggest imposing tax on robot labour to widening a government’s tax base, ultimately easing its problem of decreasing income. It is proposed that a portion of sales generated by robot automation should be taxed, under the goal of aiding government’s income and securing human labours’ job. Nevertheless, critics point out that imposing tax hinders companies from fully utilising robot labour, therefore deferring a corporation from maximising its productivity. Also, the low feasibility leads to politics’ objection against its implementation.

Difficulties of Sharing Economy in Hong KongA few UBER drivers have been prosecuted of not having permits for hire car or third-party insurance totake passengers. Their arrest was then followed a court ruling in March that saw another five driversfined HK$10,000 each and banned from the road for a year. UBER, Airbnb, Sharing Bikes are findingmore difficulties to operate in Hong Kong. Sharing Bikes are complained for occupying pedestrianpaths with chaos; Airbnb and UBER were strictly surveilled by authority of HKSAR Government to deterthem from further development in the city.Some legislators criticized the government for being overly rigid towards emerging businessesintroduced in Hong Kong in which public needs are generally being neglected. Examples in the 1960swere raised by critics – by that time, minibus was not legitimized during the period of riots in 1967,in which individual minibus operators provide 7-seat to 9-seat temporary services in urban areas andremote districts of the city. The government later relaxed the relevant ordinances and law to allowminibus operators under regulation. For the same case, the government should consider uplifting theban from sharing economy businesses to respond positively on public needs and voices for morequality alternatives.However, there can be differences between expectations and reality. Implementation of sharing economybusinesses and the governments’ regulation has paramount importance to secure the purpose ofsharing ideas be achieved. For instance, founders of Gobee Bike aimed to distribute 20,000 sharedbikes in the city. The quantity goal has been achieved but it comes with more management problemsand issues. Bicycles are parked illegally in neighbourhood that the businesses attempt gaining moremarket share but placing too many vehicles in single spot. Another problem arisen from the idea is thatthere is no strict regulations on when and where should the lenders return the bicycles.Opinions from the general public urge the government to negotiate and collaborate with thesebusinesses to see if a balanced ecosystems of sharing economy can be attained in the community.Technologies can be leveraged to solve part of the issues. In Guangzhou, China, some sharing bicycleoperators will offer both monetary and non-monetary incentives to cyclers by gathering lost bicyclesfrom remote areas to centralized points in city centre. At the same time, the government may considerrelaxing the law to open for competition – but at the same time impose some restrictions to make surethe current interplay between different stakeholders can remain unaffected.A well-prepared and proper strategy on Sharing Economy can benefit the many in society. Under theimpacts of globalization and proliferation of mobile technology, sharing economy seems inevitable inthe coming times. We shall embrace the coming of these firms, while being cautious to secure ourculture and living standard.





NAME AETHON, originated from the Greek word “Aithôn”, means “burning”, “blazing” and “shining”. We, The Nominated Cabinet of The Business Students’ Union, would like to enlighten the possibilities of our members, illuminate their full potentials as well as nurture them to shine in their future business career. Theme of The CabinetTHEME“Ignite the Possibilities”Imply our hope to create possibilities for our members by discovering their talents andenlightening their full potentials in preparing themselves for the business world.As we are the first session to have non-Cantonese speaker as member of The Cabinet, wehope to ignite the possibilities of international students through their increased participationin our upcoming events and establishing a link between local and non-local participants.OBJECTIVES• Equip our members with the essential skills and knowledge before entering the business world;• Unite students of diverse background;• Provide a harmonious platform for members to voice out their opinions.TIMELINEThe 27th Inauguration Ceremony “ From the AshesCareer Series 2018 We ComeBusiness Leisure Series 2018Business Summer Camp 2018Orientation Program 2018Mentoring Program 2018Joint-University Business Dinner 2018SBM X BSU Annual Cocktail Session 2018Photo Taking Day 2018 Watch Our RisingJoint-Union Sports Tournament 2018Yearlong Events as We GoWelfare ExpressPublication BSU&U