Undergraduate Office (UGO) Monthly Announcement – June Issue |
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| I. |
Achievements of Students |
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| 1. |
CUBA Students Claim Champion Title in Global Business Challenge Hong Kong Award |
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| Date |
: 20 June 2009, Saturday |
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Four Year 1 Global Business Studies students, Steven Chan Yin Fung, Janie Fung Sze Chit, Thomas Lai Chun Sang and Katie Shum Kay Man, won the Global Business Challenge Hong Kong Award organized by the Chartered Institute of Management Accountants. They defeated other teams from CUHK and other institutions in Hong Kong and will represent Hong Kong participating in the Global Final in Singapore in August. In addition to the championship, they were the winner of the Best Business Report Award and the Best Executive Summary Award. The Best Speaker Award went to Steven Chan Yin Fung. Our warmest congratulations to them! |
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| From left: Thomas Lai, Steven Chan, Katie Sham and Janie Fung |
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Janie wishes to share her reflections:
"Participating in CIMA Global Business Challenge 2009 was one of the most unforgettable experiences of my first year. Entering the Hong Kong regional final was a demanding yet enjoyable opportunity for our team. The company in the case study was fictitious, and this made our work much more challenging since available information was limited. Throughout the many exhausting nights of research and analysis, it was my team’s passion that supported and encouraged me to continue the endeavors. We met almost every day for discussions and rehearsals during the month before the presentation. During the course of this project, our team developed a tacit consensus, which was the main reason behind our victory. Being year 1 students, we believe there is still great room for improvement. Moving on to the global final in Singapore, we aim at acquiring competency by learning from worldwide competitors."
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| 2. |
CUBA Students Win Diamond Award in HSBC Young Entrepreneur (Regional Competition) |
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| Date |
: 22 June 2009, Monday |
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Three Year 1 Global Business Studies students, Jeff Hui Chun Kit, Derek Sin Chun Hong and Juliana Tam Pui King, who won the HSBC Young Entrepreneur Gold Award in Hong Kong 2 months ago, represented Hong Kong in the Regional Competition and won the Diamond Award (1st runner-up) by defeating the other Gold Award teams from Bangladesh, Brunei, Malaysia and Thailand. The Best of the Best Award went to the team from the Philippines. The three Global Business Studies students were the year 1 students in the Regional Competition and they managed to beat most of the other participants who were final year students. Our heartiest congratulations! |
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| From left: Jeff Hui; Mrs Laura Cha, Deputy Chairman, HSBC; Juliana Tam; Mr Po Chung, Chairman & CEO, Giordano International Limited; and Derek Sin |
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| 3. |
CUBA Students Win the 2nd runner-up in YDC Entrepreneurs' Challenge 2009 |
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| Date |
: 18 June 2009, Thursday |
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A team of 6 business students — team leader Eric Fan (Quantitative Finance Year 2), Lily Li (MBA), Elaine Tai (Integrated BBA Year 4), Kiki Shek (IBBA Year 2), Nicholas Ho (QFN Year 1) and Henry Keung (Global Business Studies Year 1) — captured the 2nd runner-up place in the YDC Entrepreneurs' Challenge 2009 organized by the Young Entrepreneurs Development Council. |
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The CUHK team devised a comprehensive business plan for a healthcare product named ReBone, which would help prevent the widespread disease of steroid-induced osteonecrosis (bone death) in China. The team defeated more than 240 teams from local tertiary institutions with this product. |
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Below, team member Henry Keung shares his experience:
"It was truly a rewarding experience. Writing a business plan is entirely different from working on ordinary in-class projects, as enormous weight is given to practical aspects in the preparation process. Through meetings with our mentor we acquired substantial practical knowledge about distribution and the healthcare product market in China, information that would be otherwise impossible to learn about. To our surprise, the panel of judges was exceptionally enthusiastic in giving feedback and we gained far more than just the recognition we received."
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| Henry Keung (1st left), Nicholas Ho (2nd right) and Eric Fan (1st right) |
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| II. |
Recent Activities: |
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A. |
Experiential Learning Activities |
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1. |
Heart to Heart Talk |
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| Date |
: 18 June 2009, Thursday |
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: 7:30 – 9:00pm |
| Venue |
: Room 129, Leung Kau Kui Building, CUHK |
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The guest speaker this time was Mr Dominic Wu of Nomura Group. At Nomura, he is the Regional Head of Operational Risk, Risk Management and Credit of the Non-Japan Asia region. The majority of the audience was Quantitative Finance students. Also in attendance were three RMS students and a few EAS entrants of the QFN-RMS programme which is jointly offered by the Faculty of Business Administration and the Faculty of Science. |
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Mr Wu gave a general overview of the development of ORM (Operational Risk Management), shared lessons learned from recent market scandals and spoke about the career of an ORM manager. Mr Andy Chen, a 2006 EMBA alumnus, was in attendance and shared his insights and experience in his career. |
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Mr Andy Chen of RBS (3rd left), Mr Dominic Wu of Nomura (4th left), Prof. Andrew C.F. Chan (5th left), Ms Liza Ching of Nomura (4th right) and CUBA students.
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From left: Dr H. Y. Wong, QFN-RMS Programme Co-director; Mr Dominic Wu; Prof. Andrew C.F. Chan
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Leo Chan, Quantitative Finance Year 2 student, shares his experience:
"It was a great pleasure to attend the Heart to Heart Talk held on 18 June 2009. The guest speaker Mr Dominic Wu is the Regional Head of Operational Risk, Risk Management and Credit, for Non-Japan Asia, Nomura International (HK) Limited. His detailed explanation of operation risk, as well as of the development of operation risk management, made me realize the ever growing importance of this role in different companies. I was really fascinated by Mr Wu’s examples regarding how they identify operation risk drivers and adopt a corresponding strategy to strike a balance between maximizing return and maintaining acceptable risks. His professional insight enriched my knowledge and also inspired me to think further about the varying attitudes towards risks in the aftermath of the financial crisis.
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Moreover, we were shown a clearer picture of the career life of an Operational Risk Management Manager. This is fundamental to students graduating next year who, like me, need to prepare for their own career path in the future. Overall, it was an absolutely meaningful night and I learned a lot."
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2. |
Meeting with Business Leaders/Scholars |
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(a) |
Guest: Alex Fong, CEO of Hong Kong General Chamber of Commerce, and Mr Alan Au, Alumnus of Economics 1976 |
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| Date |
: 19 May 2009, Tuesday |
| Time |
: 12:45 – 2:00pm |
| Venue |
: JW Marriott, Admiralty |
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Alvin Wong Shun Kit (Quantitative Finance Year 2) joined Professor Andrew C.F. Chan, Associate Dean (Undergraduate Studies), on Tuesday and met with Mr Alex Fong, the CEO of the General Chamber of Commerce, as well as Mr Alan Au. They exchanged views on the current business environment and potential opportunities for Hong Kong.
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Front row, from left: Mr Alan Au and Mr Alex Fong
Back row, from left: Alvin Wong and Prof. Andrew C.F. Chan
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(b) |
Speaker of EMBA CEO Series: Mr Bernard Chan, GBS, JP, President, Asia Financial Holdings Ltd |
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| Date |
: 2 April 2009, Thursday |
| Time |
: 7:00 – 9:30pm |
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Mr Bernard Chan was the speaker for the CEO Talk hosted by the EMBA Programme of CUHK. In attendance were Year 3 Global Business Studies students Oliver Chan and Kayan Leung.
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From left: Rida Chan, Mr Wilfred Wong, Professor Andrew C.F. Chan |
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Oliver Chan shares her reflections after the talk:
"What do you think are the most important factors of being successful? I used to think that it was mostly ‘luck’ and ‘knowledge’ that determine one’s fate. However, the “Talking to CEOs” programme with guest Mr Bernard Chan has inspired me to think more. From Mr Chan’s examples, I start to think that it is more about our ability to learn rather than how much we already know; perhaps it is also about how much sincerity we treat our tasks and the people around us with rather than how lucky we are."
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Only when we have armed ourselves with the right attitudes, capabilities and networks will opportunities (‘luck’) come to us."
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(c) |
Guest: Speaker of EMBA CEO Series: Mr Morris Cheung, Managing Director, Ngong Ping 360 Limited |
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| Date |
: 4 May 2009, Monday |
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David Wong Kwok-wai (Hotel and Tourism Management Year 2) shared his reflections after attending the “Talking to CEOs” radio programme, which was hosted by CUHK’s EMBA programme.
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From left: Prof. Andrew C.F. Chan, Mr Morris Cheung, David Wong |
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"Being able to attend the recording of the radio programme was such a pleasure. I learned a lot from Mr Cheung and his experience in re-opening the Ngong Ping 360 cable car system as well as his general management philosophy. |
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In the recording session, Mr Cheung addressed the managerial challenges he faced, including marketing, human resources, public communications and quality management issues. He emphasized the importance of rebuilding public confidence, which in this case translates to providing regular updates through mass media. Employee issues cannot be neglected either. In the programme, Mr Cheung and Professor Chan talked about how the new management had adjusted labour policy and integrated seamlessly with the existing talent in the company.
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The re-opened cable car system’s performance was much improved, in terms of passenger throughput and service reliability. However, Mr Cheung said that product innovation is also a key to success. An example of this is the “Crystal Cabin” concept, which, if applied, helps companies retain market share during difficult financial times. Mr Cheung also stressed that instead of competing via cut-throat tactics, companies should cooperate with one another to attract more overall tourism.
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The audience really enjoyed the recording, as reflected by their engaging interactions with Mr Cheung. His discussion was really insightful, and he gave me a new perspective on how to handle difficult challenges. All in all, “Talking to CEOs” was a good chance to learn more about the real-life management philosophies of high-ranking corporate leaders. I strongly recommend that all of you listen to it. I would also like to express my gratitude to CUBA and Professor Chan for providing me with such a precious opportunity to learn from Mr Cheung!"
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(d) |
Speaker: Mr Andrew Yu, Founder of "1KG More" |
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| Date |
: 18 April 2009, Saturday |
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Kayan Leung and Oliver Chan, both coming from Global Business Studies, attend the Hong Kong Social Entrepreneurship Forum. Kayan talks about the valuable experience:
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"Social entrepreneurs from organizations including Hua Dan, One Laptop per Child and Carbon Care Asia shared their experiences in bringing about social impact in a commercial way. Hua Dan uses theatre training to help improve the interpersonal skills of the rural Chinese population. One Laptop per Child works at providing simple laptops to Sichuan students, and Carbon Care Asia tries to improve the environment by offering carbon-trading services. All these entrepreneurs are tackling widespread problems like poverty and pollution, but in innovative ways using their own expertise. |
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Running a social enterprise is not simply about philanthropy: it requires the combination of passion, expertise and a sound business model. In the forum, participants were all eager to share opinions and give advice to help each enterprise improve. I feel that social entrepreneurship requires the engagement of more and more members to make beautiful ideas possible."
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From left: Oliver Chan; Professor Andrew C.F. Chan; Mr Andrew Yu; Kayan Leung |
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3. |
Participation in McKinsey/HSBC Case Competition |
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| Date |
: 1 June 2009, Monday |
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Arnold Chan Kwan Yeung, Wendy Leung Wing Man, Helen Mak Hoi Ling and Polly Wong Shuk Yan (Year 2 Global Business Studies students) participated as a team in the McKinsey/HSBC Case Competition. The students gained valuable experience by applying their knowledge in real-world situations, resulting in creative solutions.
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From 3rd left: Wendy Leung, Helen Mak, Polly Wong and Arnold Chan |
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(B) |
News on UGO Members |
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1. |
3+3+4 Symposium on General Education |
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| Date |
:3 June 2009, Wednesday |
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Professor Andrew C.F. Chan attended the 334 Symposium on General Education hosted by CUHK. The symposium is the fourth in a series of 12 symposia organized by the Heads of Universities Committee and sponsored by the University Grants Committee in preparation for the transition to the new "3+3+4" academic structure. |
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| From right: Prof Andrew C.F. Chan; Prof. Carmel McNaught, Director, Centre for Learning Enhancement And Research; Ms Kitty Yu, Head, Academic and Quality Section |
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| III. |
Upcoming Events: |
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(A) |
Experiential Learning Activities |
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1. |
Heart-to-Heart Talk |
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| Date |
: 7 July 2009, Tuesday |
| Guest Speaker |
: Mr Joseph Pang, JP, Senior Advisor, Bank of East Asia |
| Venue |
: to be confirmed |
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