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Hong Kong, with its open economy, free flow of currency, its status as a major hub of information and transportation and as a tourist centre for the region, has strong comparative advantages for the development of e-business, even in the current economic downturn.
Has the US government overreacted to the corporate scandals of Enron, WorldCom, Global Crossing and like? Is the Sarbanes-Oxley Act, passed in July 2002, an effective antidote to growing corporate dishonesty and a powerful catalyst in restoring investor confidence, or is it another set of overly restrictive rules that will punish most other businesses that have all along abided by the rules? How is the recent American reform looked upon as a model for the rest of the world?
Corporate governance, some say, is an expansive web of mechanisms put into place within and outside corporations to ensure the interests and behaviour of managers match shareholders' expectations. In the academic world, scholars attempt to unravel the complexity of the problem from different angles and approaches.
Wouldn't it be good to know that, in the wake of an avalanche of corporate malfeasances, there was a surefire and trustworthy way to gauge how well the listed companies in Asia are governed, rather than having to pore over their annual reports and financial statements? If CityU's Professor Stephen Cheung has his way, by the end of 2003 Asian and global investors could find solace in an innovative corporate governance scoring system he is currently devloping.
Enron, WorldCom, Adelphia Communications, Tyco International... The apparently endless string of corporate scandals not only sent embattled US investors scurrying for cover but also triggered off a new round of self-examination among Asian listed corporations and market regulators, including Hong Kong.
A "marriage of art and technology" is how Professor Horace Ip describes Body-Brush, a new tool that transforms body movements into real-time three-dimensional (3D) paintings. Professor Ip, Chair Professor of Computer Science and Head of CityU's Department of Computer Science, developed the innovative computer-based motion analysis system in collaboration with CityU's School of Creative Media (SCM) and Hong Kong artist Mr Hay Young.
Scholars of Islam from around the world gathered at CityU from 28 November to 1 December to discuss the development of Islam in the Asia-Pacific region. "Islam in Southeast Asia and China: Regional Faithlines and Faultlines in the Global Ummah", jointly organized by the Faculty of Humanities and Social Sciences,
Seventy academics and professionals from more than 10 countries in the Asia Pacific region and the US shared their knowledge and best practices in business management at the 8th Asia Pacific Management Conference at City University and the South China University of Technology from 15-17 November.
"Whatever you do, do it with your best." By a spirit of perseverance, Mr Kenji Yum Tsz-yin, an electronic engineering graduate this year, clinched the championship in the IEE Hong Kong Young Members Section Paper Contest 2002 with his paper "Novel Sub-harmonically Pumped Mixers Incorporating Spiral Compact Microstrip Resonant Cells for Low Cost Wireless Communications Subsystems". The eight finalists in the contest are all PhD students, except Kenji.
CityU's endeavours to tap into the scientific and technological potential of the Pearl River Delta are based on a two-pronged approach. In May this year, the University opened its Zhuhai Applied Research Centres, making it the first local tertiary institution to set up a research base in Guangdong's Southern Software Park, on the western side of the river estuary (see Linkage No. 213).