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e-bulletin December 2018

PolyU's Operations Management & Management Science Ranks First in the World

The recently released 2018 KUBS Worldwide Business Research Rankings™, compiled by the Korea University Business School (KUBS), show that PolyU’s Operations Management & Management Science comes first in the world during the five-year period 2014 to 2018 and has maintained this position since the 2010 to 2014 period.

The KUBS rankings have its basis on a selection of 86 distinguished business journals in major academic disciplines. According to the 2018 rankings for all academic areas, PolyU ranks 17th in the world (18th in 2017) and 2nd in Hong Kong.

PolyU's ranking (by Academic area) 2014-2018 2013-2017 2012-2016 2011-2015 2010-2014
Operations Management & Management Science 1 1 1 1 1

 

KUBS Worldwide Business Research Rankings 2018 2017 2016
The Hong Kong Polytechnic University 17 18 20

 

Faculty Graduation Ceremony

Faculty graduation ceremony
Faculty graduation ceremony

The Faculty held its graduation ceremony from 8 to 10 November for this year's 1,834 graduates, comprising 823 undergraduates, 988 taught postgraduates, and 23 research students. During the six sessions of the ceremony, Higher diplomas, Bachelor's degrees, Postgraduate certificates, Postgraduate diplomas, Master's degrees and MPhil degrees were presented to graduates.

Doctoral degrees were presented at the 24th Congregation of PolyU held on 28 October 2018.

 

 

Mr Cheung Tsz Yeung's Team Wins CUPP Support

Cheung Tsz Yeung (middle)
Cheung Tsz Yeung (middle)

Mr Cheung Tsz Yeung, reading for the BBA (Hons) degree in Accounting and Finance, teamed up with four undergraduate and postgraduate students of PolyU's Faculty of Engineering to join Cyberport University Partnership Programme (CUPP) 2018. Their project Redbud earned them a HK$100,000 cash grant of Cyberport Creative Micro Fund and an interview opportunity for Cyberport Incubation Programme.

CUPP promotes financial technology (FinTech)-focused entrepreneurship and helps university students unleash their potential and gain insights into the global market. During the three-month entrepreneurial training and mentorship, Tsz Yeung and his team attended a boot camp at the University of Chicago Booth School of Business.

Redbud connects insurance agencies with customers and uses blockchain and AI technology in product selling and customer relationship management, solving the pain points of negative salesmanship and poor after-sales service in the industry. It shows insurance agent history to help build confidence among customers and provides reputable agents with a competitive edge.

 

Mr Cheung Tsz Yeung's Team Wins Championship in Inter-school Innovation Competition on Insurance Technology

Cheung Tsz Yeung (third from left)
Cheung Tsz Yeung (third from left)

Mr Cheung Tsz Yeung, in the School of Accounting and Finance, and his team was champion in the Tertiary Division of the Inter-school Innovation Competition on Insurance Technology: Life Can Be Insured organized by the Financial Services and the Treasury Bureau of the HKSAR government. The other four members were undergraduate and postgraduate students and alumni of PolyU's Faculty of Engineering.

The team, Road Saviour, took part in a 24-hour hackathon and developed an insurance technology (InsurTech) solution prototype to address shortcomings of the insurance industry. Road Saviour promotes safe driving by providing new drivers with real-time advice on safest route, a junction black site list, etc. It records driving behaviour as a source of reference for insurance companies when assessing risk and offering premium discounts.

The competition concluded on 25 November 2018.

 

Faculty Students and Graduates Achieve High Scores in ACCA Exams

ACCA (the Association of Chartered Certified Accountants) held on 13 November 2018 an awards presentation and celebration for Hong Kong Top Achievers in ACCA exams from September 2017 to June 2018. A total of five Faculty students and graduates were recognized for their outstanding results.

Student / Graduate Programme Exam session / Conditional Exemption Programme Award / Achievement
Miss Liu Pui Yuen
(2015 graduate)
BBA (Hons) in Accountancy December 2017 Top score in Paper P2 - Corporate Reporting
Miss Ma Cong Ying
(2018 graduate)
BBA (Hons) in Accountancy Conditional Exemption (CE) Programme >Outstanding CE Award
Miss Carol Si Qianqian
(2017 graduate)
MSc in International Shipping and Transport Logistics March 2018 Bronze medal
Miss Flora Sum Fong Ting
(2011 graduate)
Master of Professional Accounting December 2017 Silver medal
Mr Wen Sihan
(student)
BBA (Hons) in Accounting and Finance June 2018 Top score in Paper P4 - Advanced Financial Management


Ma Cong Ying (middle)
Ma Cong Ying (middle)

Si Qianqian (right)
Si Qianqian (right)

The Conditional Exemption (CE) programme provides a fast track for students to sit ACCA exams during their studies in universities and institutions. Outstanding CE Award winners complete all ACCA papers within two years.

 

LMS Students Receive CIPS Awards

Lu Jinxuan (left) and Leung Hoi Ting
Lu Jinxuan (left) and Leung Hoi Ting

Two students in the Department of Logistics and Maritime Studies (LMS) were recognized under the Best Student Awards Scheme of the Chartered Institute of Procurement & Supply (CIPS) Hong Kong branch. Both of them are reading for the BBA (Hons) degree in Global Supply Chain Management. Miss Lu Jinxuan received the Best Student Award and Miss Leung Hoi Ting a Certificate of Appreciation.

 

 

 

 

Three Faculty Undergraduates Win Five Medals in USFHK Annual Aquatic Meet

(From left) Cheung Yau Ming, Lau Shiu Yue, Wong Ching Yin
(From left) Cheung Yau Ming, Lau Shiu Yue, Wong Ching Yin

The 55th Annual Aquatic Meet, organized by The University Sports Federation of Hong Kong, China (USFHK), was held on 28 October 2018. PolyU Swimming Team won the Overall Championship for the fifth consecutive year. Both the men's team and women's team were champions.

On that day, three BBA students medalled in men's individual events.

Student Curriculum Event Prize
Mr Cheung Yau Ming Accounting and Finance 100m Backstroke

200m Backstroke
Gold medal

Gold medal
Mr Lau Shiu Yue Global Supply Chain Management 50m Backstroke

100m Backstroke
Gold medal

Silver medal
Mr Jimmy Wong Ching Yin Accounting and Finance 100m Freestyle Bronze medal

 

AF Hosts Knowledge Transfer Forum

At the opening
At the opening

The School of Accounting and Finance (AF) hosted on 13 to 14 December 2018 a knowledge transfer forum for direct interaction between international professors and senior executives.

Professor Mark Grinblatt, from UCLA Anderson School of Management, spoke on "Efficient and Inefficient Pricing of Stocks in Markets around the World". Professor Shiva Rajgopal, from Columbia Business School, spoke on “Looking under the Hood: Fundamental Analysis Done Right”. Professor Karthik Ramanna, from University of Oxford's Blavatnik School of Government, spoke on "Economic Nationalism in the US: Causes and Implications for the US-China Trade War". Apart from private consultation for senior management of China Everbright Ltd., Ernst & Young, and Golden Concord Holdings Ltd. and the three professors, AF academics presented findings of their research, combining accounting and finance with climate change, corporate social responsibility, technological advancement, and psychology.

The event marked the beginning of the Faculty’s monthly knowledge transfer forum aimed at achieving consensus among the public and private sectors as well as the professional community about strategic issues such as the role of Hong Kong in belt and road financing, smart city governance, FinTech, and port coordination in the Greater Bay Area.

 

FinTech Centre Hosts FinTech Forum

The AMTD FinTech Centre of PolyU Faculty of Business hosted on 29 October 2018 a financial technology (FinTech) forum to explore a range of topics from banking, insurance and wealth management technology, to big data, blockchain, Internet of things, smart city, and related innovation. The event, as part of Hong Kong FinTech Week 2018 and co-organized by AMTD-The University of Waterloo Innovation Lab, drew academics, entrepreneurs, executives, practitioners and other stakeholders of the industry.


Hosts and speakers
Hosts and speakers

The Fintech Centre, established with the support of AMTD Group, carries out the mission of enhancing Hong Kong's position in financial technology, providing consultancy service to the financial industry as well as education and training for students and the public.

 

CESEF Co-hosts AI and Investments Conference

At the conference
At the conference

The Center for Wealth Management of China Europe International Business School (CEIBS), and the Center for Economic Sustainability & Entrepreneurial Finance (CESEF) under the School of Accounting and Finance jointly hosted an AI and Investments Conference on 2 November 2018.

The event, held in Shenzhen, China, brought together government officials and professionals in fast-growing technological industries and the finance sector for an in-depth discussion about latest artificial intelligence (AI) developments in finance and business, financial technology, and the role of private equity in technological start-ups.

 

Professor Edwin Cheng Chairs Panel Discussion at Inauguration of Belt and Road Cross-professional Advancement Programme

Professor Edwin Cheng (first from left on the stage)
Professor Edwin Cheng (first from left on the stage)

Belt and Road Cross-professional Advancement Programme, funded by the HKSAR government, will commence in early 2019 to provide a platform for local professionals, local and Chinese mainland entrepreneurs to share knowledge and experience and explore opportunities for infrastructure development in Belt and Road countries and multilateral collaboration. The programme inauguration, held on 12 December 2018, included two panel discussions on partnership opportunities and the role of Hong Kong professionals.

Faculty Dean Professor Edwin Cheng chaired the second panel discussion themed "Embracing the Belt and Road Vision: Hong Kong Professionals". The panellists were eBRAM Centre Chairman Mr Nick Chan, The Hong Kong Institute of Surveyors President Sr Dick Kwok, Hong Kong Institute of Certified Public Accountants President Mr Eric Tong, and The Hong Kong Institution of Engineers President Ir Ringo Yu.

 

LMS Scholarships and Awards Presentation

At the presentation ceremony
At the presentation ceremony

The Department of Logistics and Maritime Studies (LMS) hosted its annual scholarships and awards presentation on 22 November 2018. During the ceremony, scholarships under 12 schemes and the LMS Young Career Award were presented to outstanding students and graduates.

The Hong Kong Maritime and Logistics Scholarship, set up by the Hong Kong SAR government, supports full-time students of the MSc in International Shipping and Transport Logistics programme.

 

 

DBA / DMgt Graduation

Class of 2018
Class of 2018

The Doctor of Business Administration (DBA) / Doctor of Management (DMgt) programme hosted a graduation ceremony and dinner on 27 October for recent graduates. In 2018, there are 14 graduates from the DBA programme offered in Hong Kong and 22 from DMgt offered on the Chinese mainland.

 

 

RESEARCH INSIGHTS

Dr Hengqing Ye
Dr Hengqing Ye

Justifying Diffusion Approximations for Multiclass Queueing Networks under A Moment Condition
Annals of Applied Probability, 28(6), 3652-3697 (2018)
Hengqing Ye, The Hong Kong Polytechnic University
David D. Yao, Columbia University

Multiclass queueing networks (MQN) are, in general, difficult objects to study analytically. The diffusion approximation refers to using the stationary distribution of the diffusion limit as an approximation of the diffusion-scaled process (say, the workload) in the original MQN. To validate such an approximation amounts to justifying the interchange of two limits, t → ∞ and k → ∞, with t being the time index and k, the scaling parameter. Here, the authors show this interchange of limits is justified under a pth moment condition on the primitive data, the interarrival and service times; and they provide an explicit characterization of the required order (p), which depends naturally on the desired order of moment of the workload process.