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The Rise of E-Finance and Mobile Payments in China

NewsJanuary 26, 2018

E-finance has been a hot theme in the backdrop of China’s rapid development. From online brokerage services and e-commerce to credit management and online payments, many academics and industry professionals believe that the financial services industry as a whole is undergoing a fundamental transformation as a result of this phenomenon.

The Economist's 2013 China Summit

NewsDecember 23, 2017

CKGSB is pleased to support the Economist’s China Summit on December 5, 2013, in Beijing. Chaired by John Micklethwait, Editor-in-chief, and moderated by six editors of The Economist, China Summit 2013 will bring together business leaders, policymakers, academics and observers who wish to discuss, debate and learn about the opportunities and challenges of doing business in China.

Seoul CKGSB Professor Talk and Jang Bo Go Scholarship Announcement

NewsNovember 1, 2017

Cheung Kong Graduate School of Business (CKGSB), one of the top MBA programs in China, invites you to join us in Seoul as we launch a new scholarship for Korean students for the 2013 MBA class, the CKGSB Jang Bo Go Scholarship.

DJI’s Future Plan: Industrialize and Diversify

ArticleJuly 24, 2017

Drone maker DJI made drones, once a high-end toy for rich niche hobbyists, into a mainstream consumer product. Begun 10 years ago in a college dorm room, the company now controls 70% of the consumer drone market. Xu Huabin, Vice President of the Shenzhen-based tech firm, explains how the company’s product-driven philosophy helped the firm grow from a maker of model planes to become the world’s largest commercial unmanned aircraft manufacturer. He also discusses DJI’s future plans for diversification and industrialization—to go beyond only making drones with cameras to developing drones with industry-tailored features for diverse customers including engineers and farmers.

The Rise of HNA: Flying Too High?

ArticleJune 28, 2017

HNA Group is the most acquisitive Chinese conglomerate in China. Through acquisitions, the group quadrupled its size and made its debut on the Fortune 500 list as the world’s 464th biggest firm in terms of revenue. And it aims higher: becoming one of the top 10 by 2025 with holdings of $5–6 trillion in assets—more than double the assets held today by JPMorgan, the biggest bank in the United States. What is its business model like? How did the Group, which started as a small regional airline company in China’s southernmost island, with only two jets, make it? What are the risks behind the buying spree?

CKGSB Program on Managing Family Enterprises Wins Praise from Legendary Family

NewsJune 26, 2017

A member of one of the world’s most famous entrepreneurial families told alumni and current students of Cheung Kung Graduate School of Business’s Global Emerging Leaders that the meticulously-designed program offers great insight and practical preparation for managing and expanding their family businesses.

CKGSB DEAN: China’s Strong Fundamentals Provide for Optimistic Future

NewsMay 24, 2017

China’s strong fundamentals and abundant opportunities ensure that it will enjoy robust growth and it will remain the world’s economic engine, Dr Xiang Bing told business leaders and influencers in New York.

So long, Cube Farmer: Telecommuting, Co-working and the End of the Office

ArticleApril 24, 2017

Do you like to work in a café like Starbucks or do you prefer staying in your cubical at the office? Today, fewer people are working in traditional offices, as most administrative work is either being automated or outsourced to cheaper markets, reducing the need for the in-house typing pools and IT services that once took up a lot of room. Young professionals, instead of being assigned to a desk, like to choose where they sit and work. The ideal place should be comfortable, with an open, cozy coffee-shop style. A boss-less office space is becoming increasingly popular.

Will e-Commerce Replace Brick-and-Mortar Stores?

ArticleFebruary 27, 2017

After incredible growth in recent years, e-commerce in China seems to be slowing down. One reason behind this is the high penetration rate. By 2016, 62% people in Tier 3 and 4 cities were shopping online, while the number in Tier 1 and 2 cities stood at 89%. On the other hand, consumers in China have also changed over time, now the middle class are shifting their money from cheap products to premium services and goods where experience and recognition ties take priority. So does it mean online retail will go gloomy and physical stores may return to the spotlight?

Who Benefits from Alibaba’s Singles Day?

ArticleNovember 18, 2016

It is a good time to reflect on Singles Day, a shopping carnival initiated by Alibaba that has just yielded a record-breaking sales of $17.8 billion, exceeding that on “Black Friday” in the US. It looks like everyone benefits: vendors sell, buyers get cheap goods and Alibaba profits through advertising fees and transaction commissions. But consider: to sell more, vendors lower product prices and sacrifice per-unit margins, yet they might not be able to make up on volume, as most of the items purchased are durable goods and therefore most of the increased sales on Singles Day are probably shifting sales from earlier or later periods.

Arthur Kroeber: Making Sense of China’s Economy

ArticleNovember 9, 2016

China has achieved almost miraculous advancement in a mere 30 years, but at the same time is beset with a host of structural problems and contradictions that it must grapple with, especially as economic growth begins to slow. In this interview, Kroeber, the author of China’s Economy: What Everyone Needs to Know, a comprehensive introduction to China’s rise from an economic backwater in the early 1980s to the world’s second-largest economy, offers his analysis to CKGSB Knowledge on how China got here, where it might be headed, and how to understand the changes and implications.

CKGSB Profs Discuss Changes in China’s Financial Market at Asia’s Largest Forum

NewsOctober 26, 2016

CKGSB Professors Ou-Yang Hui and Zhou Chunsheng addressed the challenges and opportunities of China’s financial industry and the role of Internet Finance at the 17th World Knowledge Forum (WKF) in South Korea. It was the third consecutive year that CKGSB joined the prestigious forum as a knowledge partner.

How to Create Your Product Differentiation Strategy

ArticleAugust 24, 2016

Between rapid technological change and global competition, it’s becoming harder for anyone selling a product or service to maintain a competitive edge–especially when that product is more or less the same as everyone else’s. But companies with products caught in this trap have more options than they realize. Even if you can’t win by being the cheapest or the best, you don’t need to simply resign yourself to commodity status. Creating a consumer brand for the industrial commodity, branding the product in a way that makes it familiar to the users, and sometime even raising price can be a positive differentiator.

Unequal, but in it Together: An Interview with Tony Atkinson, author of Inequality

ArticleAugust 15, 2016

In the early 20th century, the world managed to halve the number of people living in extreme poverty, yet the income inequality problem continued to grow and even became the source of tension between regions. In this interview, Tony Atkinson, a professor at the London School of Economics, talks about facing up to one of the defining problems of our time in his book Inequality: What Can Be Done? Atkinson studied poverty and inequality over four decades. He believes that inequality can only be solved through a concerted global effort and offers his views on how China, as a relatively opaque country, can work with global forces to alleviate poverty.

Structural Reform Needed For China’s Economy To Rebound

ArticleJuly 27, 2016

China’s economy is facing many problems that are cyclical and also structural. Some economists believe China reached the Lewis Turning Point six years ago, where the growth benefits of rural-to-urban migration dried up and wage costs started to escalate. The growth of the Chinese economy relied very much on its cheap labor—a competitive advantage that has been exhausted. Simply put, “China has come to the end of the period of easy gains in GDP.” It faces two possible paths ahead: the hard road of structural reform and painful consolidation, and the easy road of fiscal and monetary stimulus leading inevitably to further problems along the way.

The Trilemma Of China’s Capital Outflow

ArticleJune 28, 2016

The Chinese currency’s sharp fall last August has put the spotlight on the country’s foreign exchange reserves that have been dropping, increasing the risk of capital outflows. The falling reserves are not only a result of China’s transition from investment and export-led growth to rising domestic consumption, but also a reflection of the-slower-than-expected economic growth. Meanwhile, more and more wealthy Chinese are moving their assets abroad amid a lackluster domestic environment and the anti-graft crackdown. This is significant for the Chinese economy because the falling forex reserves have led to monetary policy restrictions. What can be possibly done to stabilize capital flows?

“Jack Ma is an Icon for China’s Private Sector”

ArticleJune 27, 2016

With humble beginnings in Hangzhou, Jack Ma went on to create an e-commerce titan that has grabbed the attention of China and the world. Today Jack Ma and Alibaba’s story has become the stuff that legends are made of. Duncan Clark has witnessed firsthand Jack Ma’s dizzying rise in China’s e-commerce firmament. A former investment banker at Morgan Stanley, Clark first got to know Jack Ma in 1999 when he met him in the small Hangzhou apartment where Ma and his friends famously founded Alibaba. In this interview, Clark, also the author of Alibaba, the House that Jack Ma Built, talks about Alibaba’s incredible story and its impact on China.

CKGSB Dean “Optimistic” on Chinese Economy, but Says Risks Remain

NewsJune 22, 2016

Speaking at the Saint Petersburg International Economic Forum (SPIEF) for the third year in a row, CKGSB Founding Dean Xiang Bing told those present that China’s long-term future can be assured once short-term risks are dealt with.

CKGSB Knowledge Summer 2016 Issue: Is China Running Out of Policy Tricks?

ArticleJune 15, 2016

The Summer 2016 issue of CKGSB Knowledge is out! It has articles and interviews like: COVER STORY: Wanted: A Miracle: Buffeted by economic forces, does China still have the wherewithal to face strong winds? CHINA DATA: From stats on wind power to McDonald’s restaurant openings, the numbers you need to know SNAPSHOT: Out to the […]

China Economy ‘Healthy’ Despite Wild Market Swings

NewsFebruary 22, 2016

Liu Ling, a managing director at New China Capital Management, the investment manager for Cathay Funds, told a CKGSB Knowledge Series event that China’s stock-market gyrations are the growing pains of a “healthy and solid” economy, highlighted by China’s middle class overtaking America’s to become the biggest in the world.

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