Prof Stephen Cheung Yan-leung, SBS, JP, Officier dans l'Ordre des Palmes Académiques

President of Saint Francis University 

Professor Stephen Cheung Yan-leung was President of The Education University of Hong Kong (EdUHK), holding the concurrent title of Chair Professor of Public Policy, from 2013 to 2023.

Prior to joining the EdUHK, he was Dean and Chair Professor of Finance, School of Business at the Hong Kong Baptist University.  

Cheung has actively participated in a wide range of community services.  He was Chairman of the Transport Advisory Committee.   In past years, Professor Cheung held a number of other public offices.  He was a member of the 13th National Committee of the Chinese People's Political Consultative Conference, the Chairman of the Supervisory Committee of the Asian Bond Fund Hong Kong Bond Index Fund of the Hong Kong Monetary Authority, the Social Innovation and Entrepreneurship Development Fund Task Force, the Hong Kong Committee for Pacific Economic Cooperation, the Consultation Panel of the West Kowloon Cultural District Authority and the Nursing and Midwifery Sub-Group of the Steering Committee on Strategic Review on Healthcare Manpower Planning and Professional Development. He was also Member of the Commission on Poverty, the Exchange Fund Advisory Committee of the Hong Kong Monetary Authority and Part-time Member of the Central Policy Unit.

He was awarded the Silver Bauhinia Star in 2019, Bronze Bauhinia Star in 2009 and was appointed as Justice of the Peace in 2007 by the HKSAR Government.  He was also bestowed the Distinction of "Officier dans l'Ordre des Palmes Académiques" by the French Government in 2017.

CURRICULUM VITAE


EXECUTIVE SUMMARY

Prof. Stephen Yan-Leung Cheung was the President and Chair Professor of Public Policy of the Education University of Hong Kong during 2013-2023.

Research

Prof. Cheung was

Consultancy Experience

Prof. Cheung has extensive consultancy experience in the Hong Kong financial sector. He has served as a project coordinator for the Consumer Council in its examination of the Hong Kong Banking sector, which led to the first phase of interest rate deregulation in Hong Kong in 1994. He was the Chairman of Core Group on Corporate Governance, Pacific Economic Cooperation Council and was responsible for drafting the PECC's guidelines on good corporate governance practice for Asia-Pacific economies. These guidelines were endorsed by the APEC ministers for implementation and were welcome by the APEC leaders in Shanghai in 2001. He has provided consultancy services to the Asian Development Bank, United Nations ESCAP, Securities and Futures Commission of Hong Kong, Financial Services Bureau, Stock Exchange of Hong Kong and SG Securities (HK) Ltd. 

Teaching

Prof. Cheung has designed three master programmes; the MSc in Banking and MSc in Financial Engineering are self-financing programmes and the MSc in Finance is funded by UGC. The banking programme was offered exclusively to Hong Kong Monetary Authority's executives for the first two years. The financial engineering programme was the first of its kind in Asia. He was responsible for producing the stock option training material and organized the stock option training programme for the Stock Exchange of Hong Kong in 1995.

Community Services

Prof. Cheung was the Chairman and the Transport Advisory Committee, and also a member of the 13th National Committee of the Chinese People's Political Consultative Conference.  He is also the Vice-Chairman of the CMB Wing Lung Bank Ltd.  In recognition of his contributions to community services, he was awarded the Silver Bauhinia Star in 2019 and Bronze Bauhinia Star in 2009, and was appointed as Justice of the Peace in 2007 by the HKSAR government.  He was also decorated as Officier dans l'Ordre des Palmes Académiques by the French Government in 2017.

Prof. Cheung was Chairman of the Supervisory Committee of the Asian Bond Fund (ABF) Hong Kong Bond Index Fund of the Hong Kong Monetary Authority, the Social Innovation and Entrepreneurship Development Fund Task Force from 2012 to 2018, the Nursing and Midwifery Sub-Group of the Steering Committee on Strategic Review on Healthcare Manpower Planning and Professional Development from 2012 to 2017, the Hong Kong Committee for Pacific Economic Corporation (HKCPEC) from 2012 to 2016, Consultation Panel of the West Kowloon Cultural District Authority from 2009 to 2013, Advisory Committee on Enhancing Self-Reliance Through District Partnership Programme (ESR) from 2006 to 2012; and Member of the Exchange Fund Advisory Committee (EFAC) of the Hong Kong Monetary Authority from 2012 to 2018, Commission on Poverty from 2012 to 2018, Products Advisory Committee of Securities and Futures Commission from 2012 to 2018, Steering Committee on Strategic Review on Healthcare Manpower Planning and Professional Development from 2012 to 2017, Minimum Wage Commission from 2011 to 2013, Operations Review Committee and Witness Protection Review Board of Independent Commission Against Corruption (ICAC) from 2008 to 2013, Commission on Strategic Development from 2007 to 2012 and Independent Police Complaints Council (IPCC) from 2009 to 2012.  He also served as an Ex-officio Member and Non-official Member of Social Enterprise Advisory Committee from 2010 to 2012 and 2012-2013 respectively, and a part-time member of advisory board of the Central Policy Unit of the HKSAR Government from 2006 to 2009. Prof. Cheung was also an Independent Non-Executive Director of Roadshow Holdings Ltd. from 2009 to 2017.

Research Interests:

Corporate Finance, Investment, Financial Market Development.

EDUCATION

Completed a programme on the Global Financial System: Structure, Crisis, and Reform, 2001

John F. Kennedy School of Government, Harvard University

Ph.D. in Finance, 1993

Dissertation: The Behaviour of Intraday Stock Returns: Hong Kong, University of Strathclyde, U.K.

Ph.D. in Statistics (Very Honourable), 1985

Dissertation: Contribution to the interpretation of the cluster analysis and its application to linguistics and Economics, University of Paris VI

B.Sc. (Honours, 2nd Class Upper Division), 1982

Major: Mathematics Minors: Statistics and Economics, Chinese University of Hong Kong

HONOURS

2019                        Silver Bauhinia Star, Hong Kong Special Administrative Region Government

2017                        Distinction of Officier dans l'Ordre des Palmes Académiques, French Government

2009                        Bronze Bauhinia Star, Hong Kong Special Administrative Region Government

2007                        Justice of the Peace, Hong Kong Special Administrative Region Government

RESEARCH AWARDS

2014                        "Privatization and Risk Sharing: Evidence from the Split Share Structure Reform in China"
                                     has been named one of the Sun Yefang Financial Innovation Award (2014) winners.

2009                        "Transparency Index and Company Valuation: Evidence from Hong Kong" is the winning
                                     paper of the Hong Kong Asian Capital Markets Research Prize 2009 of CFA Institute and
                                     The Hong Kong Society of Financial Analysts (HKSFA).

2008                        "Corporate Governance and Stock Returns in Hong Kong: Carrots or Sticks?" is the winning
                                     paper of the Hong Kong Asian Capital Markets Research Prize 2008 of CFA Institute and
                                     The Hong Kong Society of Financial Analysts (HKSFA).

2008                        "The helping hand, the lazy hand, or the grabbing hand? Central vs. local government
                                     shareholders in publicly listed firms in China" has won the first prize in TCFA 2008 Best
                                     Paper in Corporate Finance (TCFA-The Chinese Finance Association)

2008                        "Privatization and Risk Sharing: Evidence from the Split Share Structure Reform in China"
                                      has won the first prize in TCFA 2008 Best Paper in Investment

2007                         Research Award, The 15th Conference on the Theories and Practices of Securities
                                     and Financial Markets

2003                         Best Paper Award, International Management Development Association

1998                         PACAP Competitive Research Award, Pacific Basin Finance Journal

1996                        Japan Fellowship, The Japanese Society of Promotion Sciences, Japan Government

1996                        Certificate of Merit, Applied Research Excellence Awards, City University of Hong

1987                        P W Allen Memorial Award, Royal Society of Forensic Science

1982-1985          French Government Scholarships

WORKING EXPERIENCE

9/2013-2023                 President and Chair Professor of Public Policy

                                                      The Education University of Hong Kong
                                                     (The Hong Kong Institute of Education was retitled
                                                      The Education University of Hong Kong in May 2016)
                                                    *The term of presidency will end in August 2023

3/2009-8/2013              Dean and Professor (Chair) of Finance

                                    School of Business, Hong Kong Baptist University

1996-3/2009                  Professor (Chair) of Finance

Department of Economics and Finance, City University of Hong Kong

01-06/1999                     Head of Research

Hong Kong Securities and Futures Commission (SFC)

1995-1998                      Head and Professor

Department of Economics and Finance, City University of Hong Kong

1992-1995                     Principal Lecturer / University Senior Lecturer

Department of Economics and Finance, City Polytechnic of Hong Kong

1991                                   Head and Senior Lecturer

Department of Finance & Decision Sciences, Hong Kong Baptist College

1990                                   Senior Lecturer

Hong Kong Baptist College

1988                                   Lecturer

Hong Kong Baptist College

 1985                                  Lecturer

Department of Applied Mathematics, City Polytechnic of Hong Kong


MAJOR ACHIEVEMENTS AT THE EUCATION UNIVERSITY OF HONG KONG
ADMINISTRATIVE APPOINTMENTS AT HONG KONG BAPTIST UNIVERSITY

University Level

2011-Present            Member, Honorary University Fellowship Committee (HUFC)

2011-Present            Chairperson, Undergraduate Scholarship Committee

2010-Present            Director, Centre for Corporate Governance and Financial Policy

2010-Present             Member, HKBU-UIC Joint Institute of Research Studies Fellow

2009-Present             Member, "3+3+4" Sub-Committee on Four-Year Curriculum

2009-Present             Member, Academic Development Committee (ADC)

2009-Present            Member, Advanced Institute for Contemporary China Studies Board of Governors

2009-Present            Member, Deans' Briefing

2009-Present            Member, Finance Committee

2009-Present            Member, PMC, Master of Public Administration

2009-Present            Member, Senior Executive Committee (SECO)

2009-Present            Member, "3+3+4" Sub-Committee on Human Resources and Funding Issues

2009-Present            Member, Task Force on University Branding

2009-Present            Member, The Council

2009-Present            Member, The Court

2009-Present            Member, The Senate

2009-Present            Member, University Appointment Review

2009-Present            Member, University Promotion Exercise for Academic Staff

Business School Level

2009-2013               Dean

                                         Chairman, School Executive Committee

                                         Chairman, Business School Board

                                         Convenor, Business Advisory Committee

                                         Member, Accreditation and Assessment Committee

                                         Member, Research and Graduate Studies Committee

                                         Member, Undergraduate Studies Committee

                                        RPg Student-Staff Consultative Committee

                                        Undergraduate Student-Staff Consultative Committee

ADMINISTRATIVE APPOINTMENTS AT CITY UNIVERSITY OF HONG KONG

2005-2009             Member, Board of Trustees

                                University

2005-2009             Member, Investment Sub-committee

     University

2005-2009            Member, Staffing Committee (for pay raise)

     Department of Economics and Finance

2002-2009            Chairman, Editorial Sub-Committee, University Press Committee

     University Press

2001-2009             Member, Executive Committee

     Department of Economics and Finance

2001-2009            Member, Staffing Committee

    Faculty of Business

2001-2009           Member, University Press Committee

   University Press

1999-2009           Member, Faculty Board

           Faculty of Business

1999-2009           Member, the Senate

2002-2003          Chairman, Faculty Research Committee

  Faculty of Business

2002-2003          Member, University Research Committee

2001-2004         Member, Advisory Committee

 Department of Economics and Finance

2000-2002         Member, Staffing Committee

 Department of Economics and Finance

2000-2002         Member, Graduate Studies Committee


OUTSIDE APPOINTMENTS

2020-2023                 Member

                   International Advisory Council of Immanuel Kant Baltic Federal University, Russia      

2020-2023                 Member

                   Advisory Committee of University's Strategic Development,
                   South China Normal University

2010                              Adjunct Professor

National School of Development, Peking University

2010                              Chair Professor

School of International Business, Southwestern University of Finance and Economics

1998                              Advisory Professor

Fudan University

1997                               Adjunct Professor

Management School of Shanghai Jiao Tong University

2004                               Adjunct Professor

Institute of International Education, Korea University

2002-2004                 Adjunct Professor

China Centre for Economic Research of Peking University

1998-2000                 Adjunct Professor and Adjunct Researcher

Guanghua School of Management of Peking University

1998-1999                 Adjunct Professor

Graduate School of the People's Bank of China

12/1996                       Visiting Professor

Aoyama Gakuin University, Japan Fellowship, The Japanese Society of Promotion Sciences

07-08/1995               Visiting Professor

Department of Accounting & Finance, University of Strathclyde, UK

07-08/1993              Visiting Academic

Department of Accounting & Finance, University of Strathclyde, UK

COMMUNITY SERVICES

2018-2025                  Chairman

                                Transport Advisory Committee, HKSAR (交通諮詢委員會)

2025-present            Member

                                Hong Kong Housing Authority

2025-present            Member

                                Human Resources Planning Commission, CS Office

2024-present            Member

                                Advisory Committee, Salvation Army

2019-present            Vice Chairman

                                CMB Wing Lung Bank Limited (招商永隆銀行)

2017-present            Independent Non-Executive Director

                                CMB Wing Lung Bank Limited (招商永隆銀行)

2015-2017               Member

                                Board of Hong Kong Sports Institute Ltd. (香港體育學院)

2014-2016               Member

                                Currency Board Sub-committee (外匯基金諮詢委員會轄下的貨幣發行委員會)

                                Hong Kong Monetary Authority (香港金融管理局), HKSAR

2012-2018               Chairman

                                Social Innovation and Entrepreneurship Development Fund Task Force, HKSAR
                               (社會創新及企業發展基金專責小組)

2012-2018               Member

                                Commission on Poverty, HKSAR (扶貧委員會)

2012-2018               Member

                                Exchange Fund Advisory Committee (外匯基金諮詢委員會)

                                Hong Kong Monetary Authority (香港金融管理局), HKSAR                               

2012-2018               Member

                                Products Advisory Committee (產品諮詢委員會)

                                Securities and Futures Commission, HKSAR (證監會)

2012-2017               Member

                               Governance Sub-Committee (外匯基金諮詢委員會轄下的管治委員會)

                                Hong Kong Monetary Authority (香港金融管理局), HKSAR

2012-2017               Chairman

                                Nursing and Midwifery Sub-Group, Steering Committee on Strategic Review
                                on Healthcare Manpower Planning and Professional Development, HKSAR
                                (醫護人力規劃及專業發展策略檢討督導委員會轄下的護士及助產士小組)

2012-2017               Member

                                Steering Committee on Strategic Review on Healthcare Manpower Planning
                                and Professional Development, HKSAR
                                (醫護人力規劃及專業發展策略檢討督導委員會)

2012-2016               Chairman

                                Hong Kong Committee for Pacific Economic Cooperation (HKCPEC), HKSAR
                                (太平洋經濟合作香港委員會)

2012-2014               Member

                                Financial Infrastructure Sub-Committee (外匯基金諮詢委員會轄下的金融基建委員會)

                                Hong Kong Monetary Authority (香港金融管理局), HKSAR

2012-2013               Non-official Member

                                Social Enterprise Advisory Committee (社會企業諮詢委員會), HKSAR

2011-Present            Advisor

      Half Sky---The 3rd Youth Leadership Million Dollars Training Programme
      (「半邊天」 - 青年領袖百萬培訓計劃」顧問)

                                Hong Kong Federation of Women (香港各界婦女聯合協進會)

2011-Present            Advisor

                                New Territories General Chamber of Commerce (新界總商會)

2011-2013                  Member

                                Minimum Wage Commission (最低工資委員會), HKSAR

2011-2013                  Honorary Advisor  

                                Hong Kong Securities Association (香港證券業協會)

2011                                 Advisor

                                Microfinance Study Group, The Hong Kong Mortgage Corporation Ltd.
                                (香港按揭證券有限公司)

2010-Present            Honorary Advisor

                                Home of the Elderly Charitable Foundation (長者家慈善基金)

2010-2012                  Ex-officio Member

                                Social Enterprise Advisory Committee, HKSAR

2010-Present             Panel Member

                                Shanghai Institute of Finance & Law

2009-Present            Honorary Advisers

                                                 Chartered Management Institute

2009-2017                 Independent Non-executive Director

      RoadShow Holdings Ltd. (路路通控股有限公司)

2009-2016                 Council Member

                                Virtus Foundation Ltd. (明德慈善教育基金)

2009-2013                 Chairman, Consultation Panel

      West Kowloon Cultural District Authority (西九文化區管理局), HKSAR

2009-2012               Member

Independent Police Complaints Council (IPCC) (獨立監察警方處理投訴委員會), HKSAR

2008-Present            Independent Non-executive Director

                                    Changsheng Fund Management Co., Ltd. (長盛基金管理有限公司)

2008-2013         Member, Operations Review Committee

                                  Member, Witness Protection Review Board

                             Independent Commission Against Corruption (ICAC), HKSAR

2008-2010               Member, Urban Renewal Strategy Steering Committee

                                    Development Bureau, HKSAR

2007-Present            Chairman, Supervisory Committee

Asian Bond Fund (ABF) Hong Kong Bond Index Fund
(ABF香港創富債券指數基金監督委員會),
HK Monetary Authority

2007-2012               Member, Commission on Strategic Development

                                    HKSAR

2007-2010               Member, Financial Reporting Review Panel

            The Financial Reporting Council, HKSAR

2006-2012               Chairman, Advisory Committee of the Enhancing Self-Reliance through
                                         District Partnership Programme
(ESR)

            Home Affairs Department, HKSAR 

2006-2009               Part-time Member, Central Policy Unit

                                      Hong Kong Special Administrative Region Government

2006-2008               Member, Executive Committee

            Hong Kong Council of Social Services 

2006-2008               Member, Rewrite of Companies Ordinance Advisory Groups

     Advisory Group on Share Capital, Distribution of Profits and Assets and
     Charges Provisions

                                Advisory Group on Directors and Officers Related Provisions

            Financial Services and the Treasury (Financial Services), HKSAR

2006-2007               Member, Business Facilitation Advisory Committee

                                Member, Retail Task Force, Business Facilitation Advisory Committee

            Financial Secretary's Office, HKSAR

2005 2011                Panel of Arbitrators

    Labour and Welfare Bureau, HKSAR Government

2005-2009               Chairman, Advisory Board of Centre for Public Policy Studies

    Lingnan University

2005-2009               Member, Public Shareholders Group

            Securities and Futures Commission

2005-2007               Member, Commission on Poverty

                                Chairman, Ad Hoc Group on Social Entrepreneurship Training

                                Member, Task Force on Children, Commission on Poverty

                                Member, Task Force on the District-based Approach

            Financial Secretary's Office, HKSAR

2004-2007               Member, Working Group on Health Care Financing

                                   Health and Medical Development Advisory Committee, HKSAR

2004-2009               Member, Statistics Advisory Board

         Census and Statistical Department, HKSAR

2004-2007               Member, Financing Matter Advisory Group, West Kowloon Advisory Committee

HAB, HKSAR

2004-2005               Member, Economic and Employment Council

                                Member, Subgroup on Business Facilitation, Economic and Employment Council

                                Member, Retail Task Force, Economic and Employment Council

                                            Financial Secretary's Office, HKSAR

2003-2004               Member, Standing Committee on Company Law Reform

                                            Company Registry, HKSAR

2003                        Member, Working Group on Code of Best Practice - Corporate Governance

                                   The Hong Kong Exchange and Clearing Limited

2002-2008               Member, Small and Medium Enterprises Committee

                                            Commerce, Industry, and Technology Bureau, HKSAR

2002-2003               Member, Working Group on Review of Financial Regulatory Framework

                                            Securities and Futures Commission

2001-2004               Member, Academic and Accreditation Advisory Committee

                                            Securities and Futures Commission

2000-2006               Adviser, Hong Kong Institute for Monetary Research

                                            Hong Kong Monetary Authority

2000-2001               Chairman, Taskforce on Strengthening Financial Markets and Corporate Governance

                                            Hong Kong Committee for Pacific Economic Cooperation, HKSAR

2000-2001               Independent, Non-Executive Director

 A Hong Kong Listed Company

2000-2001               Member

                                            Audit Committee of a Hong Kong Listed Company

1999-2007               Member, Hong Kong Committee for Pacific Economic Cooperation

                                            HKSAR

1999-2001               Chairman, Core Group on Corporate Governance, PARNET                  

                                            Pacific Economic Cooperation Council

1998-2003               Member, Editorial Board

          Asia-Pacific Journal of Finance, Singapore: John Wiley

1998-2002               Member, Editorial Board

 Asia-Pacific Financial Markets, Dordrecht: Kluwer Academic Publishers

1998-2000               Chairman, Professional Education Committee

                                            Hong Kong Securities Institute

1998-2000               Director

                                            Hong Kong Securities Institute

1998-1999               Adviser, Academic Advisory Committee

                                            Securities and Futures Commission

1996-1998               Member

Hong Kong Policy Research Institute

CONSULTANCY AND APPLIED RESEARCH

2020                        The HKIoD Corporate Governance Score-card 2020

                                    The Hong Kong Institute of Director (HKIoD)

                                    Production of this project has been mutually beneficial for HKIoD, and be a useful
                                    guideline for the financial industry in the local region.

2016                        The HKIoD Corporate Governance Score-card 2016

                                    The Hong Kong Institute of Director (HKIoD)

                                    Production of this project has been mutually beneficial for HKIoD, and be a useful
                                    guideline for the financial industry in the local region.

2012                        The HKIoD Corporate Governance Score-card 2012

                                    The Hong Kong Institute of Director (HKIoD)

                                    Production of this project has been mutually beneficial for HKIoD, and be a useful
                                    guideline for the financial industry in the local region.

2011                        Study on "Corporation Social Responsibility Position"

                                    To serve as a Consultant to lead a long-term Corporate Strategy project for MTR
                                    Corporation Limited.

2011                        Project on "Economic Study on SkyCity Development"

                                    To serve as a Consultant to carry out a study on "Economic Study on SkyCity
                                    Development" for Dragages Hong Kong Limited.  Production of this study has been
                                    mutually beneficial for the Hong Kong community, and can also be used as a useful
                                    reference for the financial industry in the local region.

2011                        Study on "The Role of Hong Kong's Financial Centre in China's Development"

                                    Strategic Public Policy Research by Research Grants Council

                                    Serving as a Principal Investigator to lead a study in proposing policies that can
                                     improve the development of Hong Kong's financial services to facilitate China's
                                     "going out" policy.

2010                        Research Project on "The Road of Development of SMEs – The Present and Future"

The Hong Kong Importer's and Exporter's Association and funded by SME Development
of Trade and Industry Department, HKSAR Government

To serve as a consultant to lead a project aiming to analyze the economic environment and
business challenges facing the SMEs in the import and export sectors and its related
industries as well as propose recommendations to encounter these challenges.                               

2010                        Study on "Position of Hong Kong as an International Financial Centre"

                                  Bauhinia Foundation Research Centre

                                  Serving as a Consultant to lead a study to investigate the comparative strength and
                                  weakness between Hong Kong and Shanghai.  The analyses provide feasible
                                  recommendations on Hong Kong's future development as an international financial centre
                                  in China.

2009                        Corporate Governance Project in the Philippine Stock Exchange (PSE)

                                    Project Adviser on corporate governance practices of the Philippines listed companies.

2009                        Task Force on Related Party Transaction in Asia OECD

Being one of the Task Force Members of the Asian Roundtable Task Force on Related Party Transaction, I participated in the production of the Corporate Governance Series: Guide on Fighting Abusive Related Party Transactions in Asia, OECD.  

2009                        The HKIoD Corporate Governance Score-card 2009

                                    Hong Kong Institute of Director

                                    The production of this project has been mutually beneficial for HKIoD, and be a useful
                                    guideline for the financial industry in the local region.

2009                            Regional Score-card on Corporate Governance

Institute of Directors East Asia Network (IDEA.net)

Econometric analysis on corporate governance of listed companies in East Asia.                              

2006                        Corporate Governance Scorecard on Listed Companies in Hong Kong

Hong Kong Institute of Director

This project introduced a corporate governance scoring system for listed companies and rated 174 major listed companies in Hong Kong.

2005                        Asset Pricing Model

BOCI-Prudential Asset Management Limited

2005                        Comparative Evaluation of Corporate Governance Regulations and Practices in East Asia

Pacific Economic Cooperation Council

This project evaluates the progress of corporate governance reform in East Asian economies. The first part of this project compares the rules and regulations of corporate governance and the second part documents the market perceptions on corporate governance in these economies.  

2004                        Corporate Governance Scorecard (Served as a Special Advisor)

Institute of Corporate Directors, the Philippines

This project ranked 50 largest listed companies in the Philippines in terms of corporate governance practices. This is an extension of Hong Kong's scorecard project.

2004                        Corporate Governance Scorecard for Chinese Listed Companies
                                      (Served as a Special Advisor)

Institute of World Economics and Politics, Chinese Academy of Social Science

This project ranked 100 largest listed companies in China in terms of corporate governance practices. This is an extension of Hong Kong's scorecard project.

2004                        Corporate Governance Scorecard on Listed Companies in Hong Kong

Hong Kong Institute of Director

This project introduced a corporate governance scoring system for listed companies and rated 168 major listed companies in Hong Kong.

2001                        Bond Markets in the Pacific Rim: Development, Market Structure and Relevant Issues
                                     in Fixed-income Capital Markets

Economic and Social Commission for Asia and the Pacific, United Nations

2001                        Guidelines for Good Corporate Governance Practice

Pacific Economic Cooperation Council

To draft the good corporate governance practice for Asian economies. The project was endorsed by the APEC ministers and was welcome by the APEC leaders in Shanghai in October 2001.

2001                          Indirect Tax

Financial Services Bureau, Hong Kong Special Administrative Region Government

2001                         Warrant Monitor

Securities and Futures Commission, Hong Kong Special Administrative Region Government

2001                         Warrant Website

SG Securities (HK) Limited, Societe Generale

2000                          Financing for Development: Capital Markets as a Source of Finance for Development
                                      after the Asian Currency Crisis

                                Economic and Social Commission for Asia and the Pacific, United Nations

1999 - 04/2000         Study on Development of Bond Markets in Selected DMCs: Hong Kong, China

                                Asian Development Bank

1998 - 07/1999         Service for the Year 2000

                                Coalition of Service Industries Servicing Support Funds,
                                Hong Kong Special Administrative Region Government

1998                        Stock Options Reference Educator

Stock Exchange of Hong Kong (Currently the Hong Kong Exchanges and Clearing Limited)

Website: http://www.hkex.com.hk/invedu/invgallery/SCORE/english/index.htm

1997                       The Future Movement of RMB

Shui On Co Ltd

To examine the potential impact of current account convertibility and capital account convertibility on the future movement of RMB.

1997                       The Asian Financial Crisis

The People's Bank of China

To examine the cause of the crisis and its implications on China.

1997                        Corporate Governance in Hong Kong, China: Rising to the Challenge of Globalization

Asian Development Bank

To examine the structure of Corporate Governance in Hong Kong. The article was published in 'Rising to the Challenge in Asia: A Study of Financial Markets, Volume 3 Sound Practices, Asia Development Bank , 1999, pp. 1-19.' and reprinted in The Icfaian Journal of Management Research, Vol. IV No. 1, January 2005, pp. 27-47.'

1996                          Administrative Barriers to Trade in Goods and Services

Pacific-Basin Economic Council

To examine the administrative barriers to trade in goods and services in the Pacific-Rim region. The report will be circulated among the Ministers for Finance of the APEC countries.

*Certificate of Merit, Applied Research Excellence Awards,
  City University of Hong Kong

1995-1998               Reform of the Master Programme of the Graduate School of People's Bank of China
                                           (Served as a Project Leader)

                                   World Bank

To coordinate the design and teaching assignment of the master programme of the Graduate School of the People's Bank of China. Sponsored by the World Bank.

1994                          Portfolio Evaluation

Barlow Lyde & Gilbert Solicitors

To evaluate the worth of a stock portfolio for a liquidated company.

1993-1994          Stock Option (Served as a Consultant)

Stock Exchange of Hong Kong (SEHK) (Currently the Hong Kong Exchanges and Clearing Limited)

To evaluate the impact of the launching of stock options in the SEHK.

1992-1993         Evaluation of the Banking Policies and Practices in Hong Kong (Served as a Coordinator)

                                Hong Kong Consumer Council

1985-1988        Evaluation of the Performance of all the Modules Offered by the Department of
                                  Applied Mathematics

                          Science Division, Hong Kong Document Laboratory of the Forensic

1985-1988       Evaluation of the Marketing Strategy

City Contemporary Dance Company

To examine the Hong Kong banking structure and the impact of more information disclosure of the banks and the abolishment of interest cartel.

PROGRAMME DESIGN

During 1993-1998, he has designed one undergraduate programme and all three master programmes; MSc in Finance, MSc in Financial Engineering, MSc in Banking, and the BBA in Financial Engineering. MSc in Banking was exclusively offered to managers and senior managers of the Hong Kong Monetary Authority for the period of 1997 and 1998. MSc in Financial Engineering was launched in 1996, which was the first of its kind in Asia.

During 1988-1992, he was the final year project coordinator of all the BBA final year students.

During 1985-1988, he has participated as a team member of course planning team of some undergraduate programmes in City Polytechnic of Hong Kong.

SUPERVISION OF GRADUATE STUDENTS

I have supervised 16 MPhil and 9 PhD students at the City University of Hong Kong and Hong Kong Baptist University, and 1 PhD student at Shanghai Jiao Tong University.


PUBLICATION

International Refereed Journals

  1. Cheung, Y.L., Haw, I.M., Tan, W.Q., and Wang, W.M. 2023, "Auditor appointment strategy and intragroup value transfers: evidence from family business", Journal of Accounting, Auditing and Finance, 38(3), 455-482.
  2. Cheung, Y.L., Rau, P.R., Stouraitis, A. and Tan, W.Q. 2021, "Does the market understand the ex ante risk of expropriation by controlling shareholders?", Journal of Corporate Finance, 68, article 101946.
  3. Cheung, Y.L., Rau, P.R. and Stouraitis, A. 2021, "What determines the return to bribery? Evidence from corruption cases worldwide", Management Science, 67(10), 6235-6265.
  4. Ahn, H. & Cai, J. and Cheung, Y.L. 2020, "Execution costs, investability, and actual foreign investment in emerging markets", China Finance Review International, 10(2), 143-167.
  5. Cheung, Y.L, Tan, W.Q. and Wang, W.M. 2020, "Where do banks value corporate social responsibility more? Evidence on the role of national culture", Journal of Banking and Finance, 118, Article 105810.
  6. Cheung, Y.L., Haw, I.M., Hu, B.B., Swink, M. and Zhang, W.L. 2020, "Common institutional investors and supplier performance in supply chains", Journal of Operations Management, 66(6), 670-696.
  7. Cheung, Y.L., Dai, Y.H., Ouyang, Z.W. and Tan, Weiqiang. 2018, "Who leaves money on the table?  The role of founder identity in Hong Kong", Applied Economics, 50(7), 774-788.
  8. Cheung, Y.L., Dang, Y., Jiang, P., Lu, T. and Tan, Weiqiang. 2018, "Does the market care about investor protection practices in China", Applied Economics, 50(5), 492-509.
  9. Cheung, Y.L., Tan, W.Q. and Wang, W.M. 2018, "National Stakeholder Orientation, Corporate Social Responsibility, and Bank Loan Cost", Journal of Business Ethics, 150(2), 505-524.
  10. Su, W.C., Peng, M., Tan, W.Q. Tan and Cheung, Y.L. 2016, "The Signaling Effect of Corporate Social Responsibility in Emerging Economics", Journal of Business Ethics, 134(3), 479-491.
  11. Chan, A.K.K. and Cheung, Y.L. 2015, "Special Issue on Corporate Social Responsibility and Sustainability: an Introduction", Journal of Business Ethics, 130(4), 753-754.
  12. Cheung, Y.L., Kong, D.M., Tan, W.Q. and Wang, W.M.. 2015, "Being Good When Being International in an Emerging Economy: The Case of China", Journal of Business Ethics, 130(4), 805-817.
  13. Cheung, Y.L., Haw, I.M., Tan, W.Q. and Wang, W.M.. 2014, "Board Structure and Intragroup Propping: Evidence from Family Business Groups in Hong Kong", Financial Management, 43 (3), 569-601.
  14. Cheung, Y.L., Luo, X.D., Tan, W.Q. and Xiao, T.S.. 2014, "Management Earnings Forecasts, Earnings Announcements, and Institutional Trading in China", Emerging Markets Finance and Trade, 50 (6), 184-203.
  15. Chan, A.C.M., Cheung, Y.L. and Lai, T.C.K. 2014, "Widening of a Poverty Gap: a Condition of Governance Crisis in Hong Kong", Advances in Applied Sociology, 4(3), 69-84.
  16. Cheung, Y.L., Chung, C.W., Tan, W.Q. and Wang, W.M. 2013, "Connected Board of Directors: A Blessing or a Curse?", Journal of Banking and Finance, 37(8), 3227-3242.
  17. Cheung, Y.L., Jiang, K., Mak, B.S.C., and Tan, W.Q. 2013, "Corporate Social Performance, Firm Valuation, and Industrial Difference: Evidence from Hong Kong", Journal of Business Ethics, 114 (4), 625-631.
  18. Cheung, Y.L., Jiang, K., and Tan, W.Q. 2012, "'Doing-good' and 'doing-well' in Chinese Publicly Listed Firms", China Economic Review, 23, 776-785.
  19. Cheung, Y.L., Cheung, Y.W., and He, A. 2012, "Yen Carry Trades and Stock Returns in Target Currency Countries", Japan and the World Economy, 24, 174-183.
  20. Cheung, Y.L., Stouraitis, A. and Tan, W.Q. 2011, "Corporate Governance, Investment, and Firm Valuation in Asian Emerging Markets", Journal of International Financial Management & Accounting, 22:3, 246-273.
  21. Li K., Wang, T., Cheung, Y.L. and Jiang, P. 2011, "Privatization and Risk Sharing: Evidence from the Split Share Structure Reform in China". The Review of Financial Studies, (24)7, 2499-2525.
  22. Cheung Y.L., Connelly, J.T., Jiang, P. and Limpaphayom, P. 2011, "Does Corporate Governance Predict Future Performance?  Evidence from Hong Kong" Financial Management, Spring, 159-197.
  23. Cheung Y.L., Rau, P. R., and Stouraitis, A. 2010, "Helping Hand or Grabbing Hand? Central vs. Local Government Shareholders in Chinese Listed Firms" Review of Finance, 14, 669-694.
  24. Cheung Y.L., Stouraitis, A. and Tan, W.Q. 2010 "Does the Quality of Corporate Governance Affect Firm Valuation and Risk? Evidence from a Corporate Governance Scorecard in Hong Kong" International Review of Finance, 10:4, 403-432.
  25. Cheung, Y.L., Jiang, P. and Tan, W.Q. 2010 "A Transparency Disclosure Index Measuring Disclosures: Chinese Listed Companies" Journal of Accounting and Public Policy, 29, 259-280.
  26. Cheung Y. L., Tan, W. Q., Ahn, H. J. and Zhang, Z. 2010 "Does Corporate Social Responsibility Matter in Asian Emerging Markets?" Journal of Business Ethics, 92, 401-413.
  27. Cheung Y. L., Cheung, Y.W., He, W.W. and Wan, T.K. 2010 "A Trading Strategy Based on Callable Bull/Bear Contracts" Pacific-Basin Finance Journal. 18, 186-198.
  28. Cheung, Y. L., Jiang, P., Limpaphayom, P. and Lu, T. 2010 "Corporate Governance in China: A Step Forward". European Financial Management, 16(1), 94-123.
  29. Bailey, W., Cai, J., Cheung, Y.L. and Wang, F. 2009 "Stock Returns, Order Imbalances and Commodities: Evidence on Individual, Institutional and Proprietal Investors in China". Journal of Banking and Finance, 33, 9-19.
  30. Cheung, Y.L., Tan, W.Q. and Ouyang, Z.W. 2009 "How Regulatory Changes Affect IPO Underpricing in China" China Economic Review, 20, 692-702.
  31. Zhang, Z., Cai, J. and Cheung, Y.L.. 2009 "Explaining Country and Cross-Border Liquidity Commonality in International Equity Markets" The Journal of Futures Markets, 29, 7, 630-652.
  32. Cheung, Y.L., Jing, L., Lu, T., Rau, P. R., and Stouraitis, A. 2009 "Tunneling and propping up: An analysis of related party transactions by Chinese listed companies" Pacific-Basin Finance Journal, 17, 372-393. (This article was cited by The Economist on 12 Feb, 2009, "The Costs and Benefits of "Pyramid" Business Groups").
  33. Cheung, Y.L., Qi, Y., Rau, P.R., and Stouraitis, A. 2009 "Buy High, Sell Low: How Listed Firms Price Asset Transfers in Related Party Transactions" Journal of Banking and Finance, 33(5), 914-924.
  34. Cheung, Y.L., Cheung, Y.W. and Wan, A. 2009 "A High-Low Model and Daily Stock Price Ranges" Journal of Forecasting, 28, 103-119.
  35. Cheung, Y.L. and Jang, H. 2008 "Scorecard on Corporate governance in East Asia: A comparative study" International Finance Review, 9, 415-458.
  36. Cheung, Y.L., Jiang, P., Limpaphayom, P. and Lu, T.. 2008 "Does Corporate Governance Matter in China?" China Economic Review, 19, 460-479
  37. Cheung., Y.L., Connelly, J.T., Limpaphayom, P. and Zhou, L. 2007 "Determinants of Corporate Disclosure and Transparency: Evidence from Hong Kong and Thailand". Controversies in International Corporate Responsibility, 3,313-342
  38. Cheung, Y.L., Connelly, J.T., Limpaphayom, P. and Zhou, L. 2007. "Do Investors Really Value Corporate Governance? Evidence from the Hong Kong Market". Journal of International Financial Management and Accounting, 18(2), 86-122.
  39. Cheung, Y.L. and Yang, L. 2007. "IPO Price Performance and Block-Trading Activities: Evidence from Hong Kong". Pacific-Basin Finance Journal, 15, 276-291.
  40. Cheung, Y.L., Cheung, Y.W. and Ng, C.C. 2007. "East Asian Equity Markets, Financial Crises, and the Japanese Currency". Journal of the Japanese and International Economies, 21, 138-152.
  41. Cheung, Y.L., Rau, P.R. and Stouraitis, A. 2006. "Tunneling, Propping and Expropriation Evidence from Connected Party Transactions in Hong Kong". Journal of Financial Economics, 82, 363-386.
  42. Cheng, W.Y., Cheung, Y.L. and Tse, Y. C. 2006. "The impact on IPO performance of more stringent listing rules with a pre-listing earnings requirement: Evidence from Hong Kong". Journal of Business Finance and Accounting (U.K.), 33(5-6):868-884.
  43. Ahn, H.J., Cai, J. and Cheung, Y.L. 2005. "Price Clustering on the Limit-Order Book: Evidence from the Stock Exchange of Hong Kong". Journal of Financial Markets, 8(4):421-451.
  44. Cheung, Y.L., Stouraitis, A. and Wong, A. 2005. "Ownership Concentration and Executive Compensation in Closely Held Firms: Evidence from Hong Kong". Journal of Empirical Finance, 12(4):511-532.
  45. Chen, Z., Cheung, Y.L, Stouraitis, A. and Wong, A. 2005. "Ownership Concentration, Firm Performance and Dividend Policy in Hong Kong". Pacific-Basin Finance Journal, 13:431-449.
  46. Cheung, Y.L., and Chan, B.Y. 2004. "Corporate Governance in Asia". Asia-Pacific Development Journal (United Nations), 11(2):1-31.
  47. Cheng, W.Y., Cheung, Y.L. and Po, K.K. 2004. "A Note on the Intraday Patterns of Initial Public Offerings: Evidence from Hong Kong." Journal of Business Finance and Accounting (U.K.), 31(5-6):837-860.
  48. Cheng, W.Y., Cheung, Y.L. and Yung, H.H.M. 2003. "Profitability of the CRISMA System: from World Indices to the Hong Kong Stock Market." Asia-Pacific Financial Markets(Netherlands), 10(1):45-57.
  49. Mak, S., Cheung, Y.L. and Ng, C. 2003. "A portfolio Investment: ESP Trading Strategy in Hong Kong and Singapore." Journal of Transnational Management Development, 8(4):3-17.
  50. Cheung, Y.L. and Chan, B.Y. 2002. "Bond Markets in the Pacific Rim: Development, Market Structure and Relevant Issues in Fixed-Income Capital Markets." Asia-Pacific Development Journal (United Nations), 9(1):1-21.
  51. Ahn, H. J., Cai, J. and Cheung, Y.L. 2002. "What Moves German Bund Futures Contracts on the Eurex." Journal of Futures Market (U.S.), 22(7):679-696.
  52. Cai, J., Cheung, Y.L. and Wong, C.S. 2001. "What Moves the Gold Market?" Journal of Futures Markets (U.S.), 21(3):257-278.
  53. Cai, J., Cheung, Y.L., Lee, R.S.K. and Melvin, M. 2001. "Once-in-a-generation' Yen Volatility in 1998: Fundamentals, Intervention, and Order Flow." Journal of International Money and Finance (U.S.), 20(3):327-347.
  54. Wong, C.S., Cheung, Y.L. Cheung and Wu, L.F. 2000. "Insider Trading in the Hong Kong Stock Market." Asia-Pacific Financial Markets (Netherlands), 7:275-288.
  55. Wong, M. and Cheung, Y.L. 1999. "The Practice of Investment Management in Hong Kong: Market Forecasting and Stock Selection." Omega (U.K.), 27:451-465.
  56. Bae, K. H., Cha, B. and Cheung, Y.L. 1999. "The Transmission of Pricing Information of Dually-listed Stocks." Journal of Business Finance and Accounting (U.K.), 26:709-723.
  57. Ahn, H. J and Cheung, Y.L. 1999. "The Intraday Patterns of the Spread and Depth in a market without market makers: the Stock Exchange of Hong Kong." Pacific-Basin Finance Journal (U.S.), 7:539-556.
  58. Wong, K.A. and Cheung, Y.L. 1999. "The Effect of Relocation of Corporate Domicile on Stock Returns: The Case of Hong Kong." Journal of Asian Business, 15:28-39.
  59. Bae, K. H., and Y. L. Cheung. 1998. "International Spillovers and Volatility Symmetries: Evidence on the Hong Kong Equity Market." Asia-Pacific Journal of Finance (Singapore), 1(1):27-44.
  60. Cha, B., and Y. L. Cheung. 1998. "The Impact of the U.S. and the Japanese Equity Markets on the Emerging Asian-Pacific Markets." Asia-Pacific Financial Markets (Netherlands), 5(3):191-209.
  61. Bae, K. H., Chan, K. and Cheung, Y.L. 1998. "The Profitability of Index Futures Arbitrage: Evidence from Bid-Ask Quotes." Journal of Futures Market (U.S.), 18(7):743-763.
  62. Goyal, V. K., Cai, J. and Cheung, Y.L. 1998. "Bank monitoring, Liquidity Risk, and the Maturity Structure of Japanese Corporate Debt Issues." Pacific-Basin Finance Journal (U.S.), 7:229-250. (PACAP Competitive Research Award)
  63. Woo, C.K. and Cheung, Y.L. 1996. "A Specification Test for A Market Model of Stock Returns." Advances in Quantitative Analysis of Finance and Accounting (U.S.), 4:187-194.
  64. Cheung, Y.L. 1996. "Asia-Pacific Financial Markets: Introduction." Hong Kong Economic Papers (Hong Kong), 24:1-5.
  65. Hung, W.S. and Cheung, Y.L. 1995. "Interdependence of Asian Emerging Equity Markets." Journal of Business Finance and Accounting (U.K.), 22:281-288.
  66. Woo, C.K., Lai, A. and Cheung, Y.L. 1995. "Specification Tests of a Market Model of Asia-Pacific Stock Returns: Thailand and Hong Kong." Journal of Business Finance and Accounting (U.K.), 22:363-375.
  67. Cheung, Y.L., Tsang, S.K. and Mak, S.C. 1995. "The Causal Relationships between Residential Property Prices and Rentals in Hong Kong: 1982-1991." Journal of Real Estate Finance and Economics (U.S.), 10:23-35.
  68. Cheung, Y.L. and Shum, S. C. 1995. "International Stock Listing and Reduction of Political Risk." Managerial and Decision Economics (U.S.), 16:537-546.
  69. Cheung, Y.L. 1995. "Intraday Returns and the Day-end Effect: Evidence from the Hong Kong Equity Market." Journal of Business Finance and Accounting (U.K.), 22:1023-1034.
  70. Ho, Y.K. and Cheung, Y.L. 1994. "Seasonal Pattern in Volatility in Asian Stock Markets." Applied Financial Economics (U.K.), 4:61-67.
  71. Cheung, Y.L. 1994. "The Impact of the Japanese Market on the Intraday Hong Kong Stock Returns." Financial Engineering and the Japanese Markets (Netherlands), 1:129-135.
  72. Woo, C.K., Cheung, Y.L. and Ho, Y.K. 1994. "Endogeneity Bias in Beta Estimation: Thailand and Hong Kong." Pacific-Basin Finance Journal (U.S.), 2:453-461.
  73. Cheung, Y.L., Ho, Y.K., Pope, P. and Draper, P. 1994. "Intraday Stock Return Volatility: The Hong Kong" Pacific-Basin Finance Journal (U.S.), 2(2/3):261-276.
  74. Cheung, Y.L., Leung, Y.M. and Wong, K.F. 1994. "Small Firm Effect: Evidence from Korean Stock Exchange." Small Business Economics (U.S.), 6(5):373-379.
  75. Cheung, Y.L., Ho, Y.K. Ho and Wong, K.F. 1994. "Return and Risk Premium Seasonalities in Three Emerging Asian Markets: Hong Kong, Korea and Taiwan." Journal of International Financial Management and Accounting (U.S.), 5(3):223-241.
  76. Cheung, Y.L. 1994. "Categorical Criteria Values: Correspondence Analysis." Omega (U.K.), 22(4):371-380.
  77. Leung, S.C., Cheung, W.L., Fung, H.T. and Cheung, Y.L. 1993. "A Comparative Approach to the Examination of Chinese Handwriting. Part 5 – Qualitative Parameters." Journal of the Forensic Science Society, 33(1), 9-19.
  78. Ho, Y.K., Cheung, Y.L. and Cheung, W.W. 1993. "Intraday Price and Trading Volume in an Emerging Asian Market - Hong Kong." Pacific-Basin Finance Journal (U.S.), 1(2):203-214.
  79. Cheung, Y.L., Wong, K.A. and Ho, Y.K. 1993. "The Pricing of Risky Assets in Two Emerging Asian Markets - Korea and Taiwan." Applied Financial Economics (U.K.), 3:315-324.
  80. Cheung, Y.L. and Shum, R. 1993. "Corporate Takeover and Shareholders' Wealth in Hong Kong." British Accounting Review (U.K.), 25:213-226.
  81. Cheung, Y.L. 1993. "A Note on the Stability of the Intertemporal Relationships between the Asian-Pacific Equity Markets and the Developed Markets: A Non-Parametric Approach." Journal of Business Finance and Accounting (U.K.), 20:229-236.
  82. Ho, Y. K., Cheung, Y.L., Draper, P. and Pope, P. 1992. "Return Volatility and Trading Activities on an Emerging Asia Market." Economics Letters (U.S.), 39(1):91-94.
  83. Cheung, Y.L. and Wong, K.T. 1992. "An Assessment of Risk and Return: Some Empirical Findings from the Hong Kong Stock Exchange." Applied Financial Economics (U.K.), 2:105-114.
  84. Cheung, Y.L. and Mak, S.C. 1992. "The International Transmission of Stock Market Fluctuation between the Developed Markets and the Asian-Pacific Markets." Applied Financial Economics (U.K.), 2:43-47.
  85. Cheung, Y.L. and Lui, Y.H. 1992. "A Note on the Information Content of Relocating Corporation Domicile: A Trading Volume Approach." Accounting and Business Research (U.K.), 22(88):377-380.
  86. Cheung, Y.L. 1992. "The Application of Correspondence Analysis to Multi-criteria Decision Making." Journal of Multi-criteria Decision Analysis, 1(3):155-163.
  87. Cheung, Y.L. and Ho, Y.K. 1991. "The Inter-Temporal Stability of the Relationships between The Asian Emerging Equity Markets and the Developed Equity Markets." Journal of Business Finance and Accounting (U.K.) 18(2):235-254.
  88. Ho, Y.K. and Cheung, Y.L. 1991. "Behaviour of Intra-daily Stock Return on an Asian Emerging Market - Hong Kong." Applied Economics (U.K.), 23(5):957-966.
  89. Cheung, Y.L. 1991. "Correspondence Analysis as an Aid to Multi-criteria Decision Making." Omega (U.K.), 19(2/3):149-155.
  90. Cheung, Y.L. and Leung, S.C. 1989. "A Comparative Approach to the Examination of Chinese Handwriting Part VI- Identification by Statistical Classification Techniques." Journal of the Forensic Science Society (U.K.), 29(2):77-89.
  91. Wong, K.L. and Cheung, Y.L. 1989. "The Hong Kong Stock Exchange: Analysis of Transactions in February-March 1987 Using the Method of Lagged Time Series." Les cahiers de I'analyse des donnees (France), XIV(2):133-142.
  92. Leung, S.C., and Cheung, Y.L. 1989. "On Opinion." Forensic Science International (U.S.), 42:1-13.
  93. Cheung, Y.L., Leung, S.C. and Benzecri, J.P. 1988. "Experiment in Typology of Chinese Handwritings." Les cahiers de I'analyse des donnees (France), XIII(1):81-92.
  94. Leung, S.C., Cheung, Y.L. et al. 1988. "A Comparative Approach to the Examination of Chinese Handwriting Part III - Disguise." Journal of the Forensic Science Society (U.K.), 28:149-165.
  95. Leung, S. C., Y. L. Cheung et al. 1987. "A Comparative Approach to the Examination of Chinese Handwriting Part II - Measurable Parameters." Journal of the Forensic Science Society (U.K.), 27:157-173. (P W Allen Memorial Award of 1987)
  96. Benzecri, J.P., Anfreville, R., Cheung, Y.L., Feghali, C. and Mogot, T. 1985. "The Cholesterol System in the Rat : Simultaneous Analysis of the Outcome of the 4 Experiments." Les cahiers de I'analyse des donnees (France), X(4):477-494.
  97. Cheung, Y.L. 1985. "Analysis of Foreign Trade of Hong Kong from 1973-1983." Les cahiers de I'analyse des donnees (France), X(3):349-374.
  98. Cheung, Y.L. and Feghali, C. 1985. "Program for Aid in Labelling a Hierarchy in Agglomerative Clustering." Les cahiers de I'analyse des donnees (France), X(3):339-348.
  99. Benzecri, J.P., Benzecri, F. and Cheung, Y.L.. 1985. "How to Interpret an Ascending Hierarchical Classification and Label a Taxonomic Tree Using Listings FACOR, VACOR and INFSUP." Les cahiers de I'analyse des donnees (France), X(3):311-338.


Contribution to Book Chapter

  1. Cheung, Y.L., Connelly, J.T., Estanislao, J.P., Limpaphayom, P., Lu, T. and Utama, S. 2014. Corporate Governance and Firm Valuation in Asian Emerging Markets, in Corporate Governance in Emerging Markets, Boubaker, S. and Nguyen, D.K. (eds). Berlin Heidelberg: Springer-Verlag. Pp 27-53.
  2. Cheung, Y.L. and Chung, W.S. 2011. A Case Study for Social Enterprise – The Evolution of Metal-Care Connect Company Limited in Hong Kong. Social Capital in Hong Kong – Connectivities and Social Enterprise. City University of Hong Kong Press. Pp. 245-265.
  3. Cheung, Y.L. 1999.Corporate Governance in Hong Kong, China: Rising to the Challenge of Globalization, in Rising to the Challenge in Asia: A Study of Financial Markets Volume 3 Sound Practices, Asian Development Bank. Pp. 1-19.
  4. Benzecri, J.P., Benzecri, F., Cheung, Y.L. and Maiza, S. 1986. An Aid for the Interpretation of the Ascending Hierarchical Classification, in Practice of Data Analysis in Economics, J. P. Benzecri (eds.). Paris: Dunod. Pp. 73-100.


Books

  1. Cheung, Y.L. and Stouraitis, A. Report on the HKIoD Corporate Governance Scorecard 2020, The Hong Kong Institute of Directors.
  2. Cheung, Y.L., Cheng, Y.S. and Woo, C.K. 2017. Hong Kong's Global Financial Centre and China's Development, London & New York: Routledge.
  3. Cheung, Y.L. Report on the HKIoD Corporate Governance Score-card 2016, The Hong Kong Institute of Directors.
  4. Cheung, Y.L., Report on the HKIoD Corporate Governance Score-card 2012, The Hong Kong Institute of Directors.
  5. Cheung, Y.L., Ng, S.H. and Prakash, B. 2011. Social Capital in Hong Kong – Connectivities and Social Enterprise, City University of Hong Kong Press.
  6. Cheung, Y. L. Report on the HKIoD Corporate Governance Score-card 2009, The Hong Kong Institute of Directors.
  7. Cheung, Y. L. Report on The HKIoD Corporate Governance Score-card 2006, The Hong Kong Institute of Directors.
  8. Chan, K.C., and Cheung, Y.L. Option Trading Manual, The Stock Exchange of Hong Kong.
  9. Cheung, Y.L. and Hu, B. 1998. Investment Strategies in the Asia-Pacific equity markets (Chinese). Economics Science Press.
  10. Cheung, Y.L., and Sze, S.. 1995. The Other Hong Kong Report 1995. The Chinese University Press.


Non-Refereed Articles

Numerous articles (Chinese, English, Japanese and French) published in newspapers and magazines.




SERVED AS JUDGE, MODERATOR OR MENTOR (Since March 2009)

2013

27/5/2013                  Invited by Central Policy Unit of HKSAR, I served as Moderator of a Focus Group Meeting
                                           on population policy and led a discussion on topic "Promoting Youth Employment,
                                           Improving the Manpower Balance and Skills Matching, Integration of New Arrivals and
                                           Ethnic Minorities".
                                           The meeting was held at Central Government Offices, Tamar.

18/4/2013                  Invited by Corporate Affairs of Citi Hong Kong, I served as Head Judge of the
                                          Citi Journalistic Excellence Award (CJEA) 2013 to lead the panel discussion and facilitate
                                           to reach the final decisions. The Citi Journalistic Excellence Award Ceremony was held at
                                           Hyatt Regency Hotel, Tsim Sha Tsui, Hong Kong.

2012

7/12/2012                    Invited by Chairman of HKSME Forum (香港中小企商會聯席會議), I served as a
                                             Moderator of the Greater China SME Forum – Opportunities and Challenges
                                             of the  Asean & Oceania
                                             (
國際中小企博覽:兩岸四地大中華中小企業高峰論壇 東盟及大洋區商機與挑戰)

31/10-1/11/2012    Invited by Liu Hongru Financial Education Foundation SIFL Institute, I served as a
                                             Moderator of a Plenary Session with topic "Roads to Further Financial Reform in  China" 
                                              at the New Chapter of Reform.  The Reform was held from 31 Oct to 1 Nov 2012
                                              in Shanghai.

12/4/2012                   Invited by Head of Markets and Banking, Citi Hong Kong, I served as a Panel Judge of
                                             the 3rd Citi Journalistic Excellence Award 2012 (CJEA). The Citi Journalistic 
                                             Excellence Award Ceremony was held at Hyatt Regency Hotel, Tsim Sha Tsui, Hong Kong

8/2/2012                      Invited by The Hong Kong Federation of Youth Groups, I Served as a Panel Member of the
                                            Selection Panel of "Hong Kong 200" Leadership Project 2012
                                            (2012「香港 200」領袖計劃評審委員會委員).

1/2/2012                      Invited by Office of Financial Secretary, HKSAR, I served as one of the speakers at
                                           The 2012-13 Budget Forum (財政預算案論壇) after the public speech by
                                            Financial Secretary.

2011

21/12/2011               Invited by Hong Kong Brand Development Council (香港品牌發展局), I served as one
                                          of the Judging Panels of The 2011 Hong Kong Emerging Brand Awards & Hong  Kong
                                          Emerging Service Brand Awards
(香港新星品牌選舉暨香港新星服務品牌選舉).

12/10/2011               Invited by Chief Executive's Office, I served as one of the speakers at the Chief Executive
                                           Forum
after the Policy Address by Chief Executive.

9/9/2011                     Invited by Home Affairs Bureau, HKSAR Government, I served as a lead panel member of
                                           the Selection Panel for the Social Enterprise Award Scheme launched by the
                                           Home Affairs Bureau (HAB) and Social Enterprise Advisory Committee (SEAC)
                                           in August 2011.

13/6/2011                  Invited by Director, External Affairs of Bauhinia Foundation Research Centre, I served as
                                           a Panelist of a Session (Session Topic: How to Maintain Excellence in Hong Kong) 
                                           and shared my views (Topic: The Future Development of Hong Kong Equity Market)
                                           at the East Asia Financial Centres: A Decade of Opportunity. Hong Kong:
                                           The Pearl River Delta as a Financial Centre Consultation Symposium
. The Symposium
                                            was jointly organized by Bauhinia Foundation Research Centre and Chatham House.

18/5/2011                  Invited by the Central Policy Unit, HKSAR Government, I served as Chairman of a Session
                                           (Session Topic: The Scope for Development of the Offshore RMB Market: Challenges and
                                           Opportunities for Hong Kong) at the Conference of Hong Kong's Role in Building the
                                           Offshore RMB Market
. The Conference was jointly organized by  Chatham House and
                                           Central Policy Unit, HKSAR Government.

14/5/2011                  Invited by Chairman of ACCA Hong Kong, I served as a Moderator of a Session
                                           (Session Topic: Opportunities and Challenges to Hong Kong's Position as International
                                            Financial Centre) at ACCA Hong Kong Annual Conference 2011 (Theme: The Future
                                            Role of Hong Kong in International Financial Markets). The Conference was organized
                                            by ACCA  Hong Kong and was well attended by over 500 participants at Hong Kong
                                            Convention and Exhibition Centre.

24/2/2011                   Invited by the Chairman of Asia Pacific, I served as a Judging Panel for the
                                            Citi Journalistic Excellence Award 2011 (花旗集團傑出財經新聞獎2011)
                                             organized by the Hong Kong Journalists Association.

8/1/2011                      Invited by Shanghai Institute of Finance & Law, I served as a Panel Chair
                                             (Topic: 世界經濟復甦與中國經濟走勢) of the上海金融與法律研究院年會

2010

26/11/2010                Invited by Chairman of Boao Forum for Asia, I served as a Panelist for a session
                                            (Topic: Post-Crisis Asian Financial Markets 後危機時代的亞洲金融) at the
                                            Boao Youth Forum (Hong Kong) 2010. The Forum was jointly organized by The
                                             Y.Elites Association Limited with theme "Opportunities and Challenges: Asia's
                                             Development on its Road to Recovery 復甦中亞洲發展的機遇和挑戰)

8/11/2010                   Invited by the Central Policy Unit, I served as the Chair of a Panel (Topic: Setting the
                                            Scene –Policies and Institutions: Hong Kong and the Emerging Financial Centres in
                                            Mainland China)at the International Economics Research Workshop organized jointly
                                            by the Chatham House and the Central Policy Unit, HKSAR Government.
                                            The  theme of the Workshop is "Building an Offshore Market for
                                            RMB-Denominated Activities".

13/10/2010                Invited by Chief Executive's Office, I served as one of the speakers at the
                                            Policy Forum
(施政論壇) after the Policy Address by Chief Executive.

4/10/2010                   Invited by Securities Investors Association, Singapore, I served as one of the Panelist
                                            at the 2nd Asian Investors' Corporate Governance Conference 2010 held in Singapore
                                            (Discussion Topic: Corporate Governance, Climate Change and Corporate
                                            Social Responsibilities – What are the Connections?). Theme of the Conference was 
                                            "Challenges in Asia's Emerging Capital Markets"

24/2/2010                    Invited by Financial Secretary's Office, I served as one of the speakers at the
                                             Budget Forum Talk
after the Budget Talk by Financial Secretary

29/1/2010                    Invited by the RTHK 「對策」 to interview Honorable Henry Tang on the topics
                                             of十二五規劃, and 香港與內地省市的互動

9/1/2010                       Served as a Panelist of the HKBU Video Clip Making Competition
                                              (Theme: How do you see the School of Business of HKBU?) organized by the
                                              School of Business, Hong Kong Baptist University.

2009

1/12/2009                     Served as a Panelist of the Non-Executive Director Programme
                                              (Topic: An effective Board) organized by the PricewaterhouseCoopers Limited.

21/11/2009                  Served as a Panelist of the Session (Topic: Successes and Limitations of the China
                                              Model: An Economic Perspective) for the Conference of 60 and Beyond:
                                             China's  Modernization and the Roles of Hong Kong
, organized by the Centre for
                                              Comparative and Public Law of HKU, Civic Exchange, Hong Kong Policy Research
                                              Institute, and  SynergyNet.

14/11/2009                  Served as a Panelist of the Session (Topic: Promoting a Joint Endeavour of Government,
                                              Business, Academic Institutions and NGOs for Social Enterprises) for the
                                              Social  Enterprise Summit organized by the Hong Kong Policy Research Foundation.

12/11/2009                  Served as a Moderator for the Brilliance of Civilzation, Sharing with Business Students:
                                              Global Financial Crisis and Future Development Strategies
, organized by HKBU.

12/11/2009                  Served as a Convener for the Corporate Sustainability: A Community Dialogue cum
                                              Conferment of Honorary Professorship
organized by the HKBU. 

7/11/2009                     Served as a Judging Panel Member for The Hong Kong Corporate Governance
                                              Excellence Awards 2009
, jointly organized by The Chamber of Hong Kong Listed
                                              Companies and Centre for Corporate Governance and Financial Policy,
                                              School of Business, Hong Kong Baptist University.

27/6/2009                     Served as a Plenary Chairman of a Session for the ACCA Annual Conference 2009
                                              (Theme: Finance Professionals in Challenging Times), organized by ACCA Hong Kong.

31/3/2009                     Served as a Panelist of the Forum (Theme: Hong Kong in the Global Financial Crisis:
                                              Human Resources Implications for the Financial Industry)
, organized by Advisory 
                                              Committee on Human Resources Development in the Financial Services Sector
                                              and The Open University of Hong Kong.

23/3/2009                     Served as Panel Chair of a Panel Session (Topic: Future Developments of Global Finance
                                              and Implications) of the Preparing for the Global Recovery: The Role of Financial
                                              Markets in Asia
, organized by Chatham House and Central Policy Unit,
                                              Hong Kong SAR Government.

INVITED PRESENTATIONS (local and overseas since 2000)

6/7/2013                Invited by Chief Executive of Hongkong Land Limited who also served as Chairman of
                                      the 2013 Theme Year Working Party, The Hong Kong Management Association 2013 
                                      Theme Year Seminar, I delivered a speech with topic "貧富差距和香港的營商環境"
                                       at the Seminar.
                                      Theme of the Seminar was "Securing the Future: Change, Growth and Sustainability
                                      (洞悉先機 創建未來)"
                                       The seminar was held at Room 201, CYMA Charity Fund Management Development
                                       Centre, 2/F Pico Tower, 66 Gloucester Road, Wanchai, Hong Kong.

21/6/2013               Invited by Liaison Office of the Central People's Government in the HKSAR Department of
                                        Publicity, Cultural and Sports Affairs (中聯辦 宣傳文體部), I joined a delegation
                                        to visit Shanghai from 20 to 21 June 2013, and delivered a speech on 21 June 2013 with
                                        topic"HKIoD Corporate Governance Scorecard Project" at the Session of
                                        "滬港 兩地國際金融中心的合作與發展".

17/5/2013               I delivered a speech with topic "Which Firms Benefit from Bribes, and How Much?
                                        Evidence from Corruption Cases Worldwide"
to faculty members and students of the 
                                        BNU-HKBU United International College (UIC).
                                        The seminar was held at UIC, Zhuhai campus.

24/4/2013               Invited by Hong Kong Social Entrepreneurship Forum, I served as a guest speaker of the
                                        Forum and delivered a speech with topic "How to Build an Eco-Space that  Favours 
                                        Social Innovation in Hong Kong?"
.
                                        The Forum was held at Good Kitchen, G/F, The Sparkle, 500 Tung Chau Street,
                                        West Kowloon, Hong Kong.

19/4/2013               I delivered a speech at the 教評研討會 with topic "The Role of the President of
                                        Hong Kong Institute of Education"
.
                                        The seminar was held at 6/F, The Chinese General Chamber of Commerce, Hong Kong.

14/3/2013               Serving as a Chairman of the Social Innovation and Entrepreneurship Development Task
                                        Force in Hong Kong, I served as a Keynote Speaker and delivered a speech on "Engaging
                                        Social Innovation and Entrepreneurship to Address Poverty
" at the East and South East
                                        Asia Impact Investing Forum.
                                        The Forum was held at Lecture Hall, Jockey Club Tower, Hong Kong University, Hong Kong.

1/3/2013                  Invited by Centre of Anti-Corruption Studies, Independent Commission Against
                                        Corruption (ICAC), I delivered a speech on "Which Firms Benefit from Bribes, and
                                        How  Much?  Evidence from Corruption Cases Worldwide
" at the Seminar on
                                        The Development and Management of Anti-Corruption Systems in Hong Kong and
                                        Mainland  China.  The Seminar was hosted by ICAC Centre of Anti-Corruption
                                        Studies in collaboration with three anti-corruption research institutes under the
                                        Chinese Academy of   Social Science (中國社會科學院), Peking University (北京大學)
                                        and Beijing Normal University (北京師範大學),and it served as a platform for academics
                                        and practitioners, in  both Hong Kong and Mainland China, to share and exchange
                                        insight and experience in combating and preventing corruption in the public
                                        as well as the private sectors.
                                        The Seminar was held at ICAC Building, North Point, Hong Kong.

20/11/2012            Invited by Independent Commission Against Corruption (ICAC), I delivered a speech on
                                      "Professional Accountability" at the ICAC Chief Investigators' Command CourseNo. 32. 
                                        The Course was specially designed for ICAC's newly promoted Chief Investigators to
                                        equip them with the strategic insight required for their future management and
                                        leadership roles. Participants also include officers of the rank equivalent to Police
                                        Superintendent from local, Mainland, Macao and overseas law enforcement agencies
                                        to achieve global participation and cultural diversity.
                                        The Course was held at the ICAC Building, North Point, Hong Kong.

26/10/2012             Invited by Chairman and CEO of Hsin Chong Construction Group Ltd.
                                         (新昌營造集團有限公司),
                                         I delivered speeches on "The Basis of Effective Governance is Public Confidence
                                         (
民無信不立)"and "SWOT analysis on Hsin Chong Ltd." at the Hsin Chong
                                        Construction Group Annual Strategic Planning Workshop.
                                        The Workshop was held at Mission Hills Hotel, Dong Guan, China.

4/10/2012                 Invited by Chairman, Chinese Taipei Pacific Economic Cooperation Committee (CTPECC),
                                          I attended the 27th Pacific Economic Community Seminar in the capacity of Chairman,
                                          Hong Kong Committee for Pacific Economic Cooperative (HKCPEC), and delivered
                                          a speech with topic "TPP or ASEAN+N: a Regional Perspective". Moreover,  I
                                         attended a Roundtable Closed Door Workshop on 5 Oct to discuss opportunities
                                         and challenges of current and future REI.
                                         The Seminar was held at Regent Taipei Hotel (晶華酒店), Taipei, Taiwan.

25/8/2012                Invited by Hong Kong College of Technology and HKCT Institute of Social Science,
                                         I delivered a seminar speech with topic "Wealth Gap"「貧富差距」.
                                         The Seminar was held at Hong Kong College of Technology, Hung Hom Campus.

30/5/2012               Invited by The Hong Kong Federation of Youth Groups, I served as a guest speaker of the
                                       "Hang Seng Bank – Leaders to Leaders 2012" (「恒生銀行-青年領袖教室2012」). 
                                        The theme of this event was Globalization – Building a Better Hong Kong
                                        (全球化- 建設.香港), and the topic of my speech was "Economics and Finance" (經濟金融).
                                        This event was held at Wang Gungwu Theatre, Hong Kong University, Hong Kong
                                        (香港大學 王賡武堂).

18/5/2012               Invited by Bauhinia Foundation Research Centre, I delivered a speech at the
                                        Report Launch and Roundtable event co-organized by Bauhinia Foundation
                                        Research Centre (BFRC) and Chatham House.
                                        The Report Launch and Roundtable event was held at World Wide House,
                                        Central, Hong Kong.

16/5/2012              Invited by Central Policy Unit (CPU), HKSAR Government, I delivered a speech with topic
                                      "The Role of Hong Kong in the Rise of London and Other RMB Offshore Centres" at the
                                       Seminar on London's Potential to be an RMB Offshore Centre: the Role of Hong Kong.
                                       The Seminar was held at Central Government Offices, Tim Mei Avenue, Tamar, Hong Kong.

5/5/2012                 Invited by Chairman of The Association of Chartered Certified Accountants (ACCA)
                                       Hong Kong,I served as one of the speakers at the Financial Services Discussion
                                       Forum of the ACCA Annual Conference 2012 entitled "Embracing the Economic
                                       Landscape – 2012 and Beyond"
. The Conference was held at Hong Kong Convention
                                       and Exhibition Centre, Hong Kong and over 600 participants attended the Conference.

27/3/2012               Presentation on "West Kowloon Cultural District" for CCL Seminar organized by
                                        International Office of Hong Kong Baptist University.
                                        The Seminar was held at WL602, The Wing Lung Bank Building for Business Studies,
                                        Renfrew Road, Kowloon Tong, The School of Business, Hong Kong Baptist University. 

13/3/2012               Invited by University of Texas at El Paso, I delivered a seminar speech to 20
                                        EMBA students with topic "Corporate Governance".
                                        The Seminar was held at The School of Business, Hong Kong Baptist University.

6/3/2012                  Presentation on "Does Corporate Governance Matter? Evidence from the
                                        Asia-Pacific"
at the4th Annual Corporate Governance Summit Kuala Lumpur 2012.
                                        The theme  of the Summitwas Bringing Asia onto the Board.
                                        The Summit was held at Royale Chulan Hotel, Kuala Lumpur, Malaysia.

16/1/2012               Presentation on "West Kowloon Cultural District" at the Employers' Luncheon
                                        2012 organized by Student Affairs Office, Hong Kong Baptist University.
                                        The Presentation was held at InterContinental Hotel, Tsim Sha Tsui.

13/12/2011             Invited by Lions Club of South Kowloon, Hong Kong, I delivered a presentation on
                                         "Wealth Gap"「貧富差距」at the 2010/2011 2nd Luncheon of the Club.
                                         The Presentation was held at InterContinental Hotel, Tsim Sha Tsui.

12/12/2011            Delivered a Lecture on "Which Firms Benefit From Bribes, And How Much?
                                        Evidence From Corruption Cases Worldwide"
at Institute of World Economics &
                                        Politics Chinese Academy of Social Sciences (IWEP).
                                        The Lecture was held at CASS Building, Room 1530, Jian Guo Men Nie Street,
                                        Beijing, China.

11/12/2011             Presentation on "香港上市公司管治概況" at Jingshi Corporate Governance
                                         Index International Conference (2011) (第一屆公司治理國際高峰論壇暨財務
                                         治理指數/高管薪酬指數﹝2011﹞發布會).
                                         The Conference was held at Beijing Normal University, Beijing.

25/11/2011             Presentation on "Connected Party Transaction" to faculty and students of
                                         Macau University, Faculty of Business Administration.
                                         The Guest Lecture was held at Macau University Campus, Macau.

24/11/2011             Presentation on "Wealth Gap in Hong Kong" to faculty and students of
                                         United International College (UIC), Beijing Normal University-Hong Kong Baptist
                                         University at the Distinguished Lecture, Division of Business and Management
                                         (工商管理學部名人講座). The Lecture was well attended by over 200 attendees.
                                         The Lecture was held at UIC Campus, Zhuhai, China.

22/11/2011             Invited by Director of Studies, Independent Commission Against Corruption (ICAC),
                                         I delivered a speech at the Chief Investigators' Command Course (CICC) for
                                         its newly promoted Chief Investigators. The Course was designed to equip these staff
                                         with strategic insight required for their future management and leadership roles.
                                         The speech  topic was"Which firms benefit from bribes, and how much?
                                         Evidence from corruption cases worldwide"
.
                                         The Course was held at ICAC Building, Java Road, North Point.

18/11/2011             Presentation on "Wealth Gap"「貧富差距」at Faculty and Staff Assembly, Hong Kong
                                         Baptist University.
                                         The speech was held at University Chapel, HKBU.

24/9/2011                Invited by Chairman of Joint Committee for The Promotion of The Basic Law of
                                         Hong Kong,I delivered a speech on「國家十二五規劃與香港特區的發展」at the 
                                         Symposium in Commemoration of the 21st Anniversary of the Promulgation of
                                         the Basic Law of the HKSAR  (《基本法》頒布二十一周年研討會).
                                         The Symposium was held at the Diamond Ballroom of Eaton Hotel Hong Kong.

22/9/2011                Invited by Community Relations Department of Independent Commission Against
                                         Corruption (ICAC), I delivered a speech on "The Way Forward for SMEs
                                        Operating in the Pearl River Delta: Importance of Integrity Management"

                                        (香港中小企業於珠三角的營商現況及前瞻:誠信管理的重要性) at the Integrity
                                         and Professionalism – Key  to Business Success Conference for SMEs in Guangdong,
                                         Hong Kong and Macao.
                                         The Conference was held at ICAC Building in Hong Kong.

15/9/2011                Presentation on "Connected Party Transactions in Hong Kong and China" at the
                                         Accounting Department, School of Management, Xiamen University, China.

20/8/2011                Presentation on "Research on Corporate Governance: Hong Kong and China" at The
                                         6th International Symposium of Corporate Governance.
                                         The Symposium was held in Dalian Xinghai Convention & Exhibition Center from 20 to
                                         21 August 2011, Dalian, China.

30/7/2011                 Invited by Executive Director of The Hong Kong Federation of Youth Groups, I delivered
                                           a speech on "Wealth Gap" 「貧富差距」at the World Chinese Youth Forum
                                          (世界華人青年論壇)
                                          The Forum was organized by The Hong Kong Federation of Youth Groups and was held in
                                          Taipei, Taiwan.

25/6/2011                 Presentation on「完善香港退休保障制度」at the CPU Part-time Members (PTMs)
                                          Meeting.
                                          The Meeting was organized by the Central Policy Unit (CPU), HKSAR.

22/6/2011                 Invited by School of International Trade and Economics, University of International
                                          Business and Economics, I delivered a speech (with Topic: "Research on Corporate
                                          Governance: Hong Kong and China"
) to faculty and postgraduate students of
                                          the School.      
                                          The presentation was held at University of International Business and Economics,
                                          Beijing, China.

13/6/2011                Sharing views on topic "The Future Development of Hong Kong Equity Market" at
                                         the East Asia Financial Centres: A Decade of Opportunity. Hong Kong: The Pearl River
                                         Delta as a Financial Centre Consultation Symposium. 
                                         The Symposium was organized jointly by Bauhinia Foundation Research Centre and
                                         Chatham House, and was held at HKCEC, Wanchai, Hong Kong.

24/5/2011                Presentation on "Assurance Strategies for Continuous Improvement: Assurance of
                                        Learning in HKBU"
at the AACSB Asia Regional Conference in Singapore
                                         The Conference was organized by The Association to Advance Collegiate School of
                                         Business (AACSB). The presentation was conducted in a Session (Session Title:                                                             
                                         Developing Effective Assurance of Learning Goals, Measures and Processes)

18/4/2011                Presentation on "貧富懸殊" for all students of HKBU
                                         The Co-Curricular Learning (CCL) Seminar was organized by the Leadership Qualities
                                         Centre, Office of Student Affairs, Hong Kong Baptist University.

8/4/2011                   Presentation on "十二五規劃對香港鞏固和提升國際金融中心地位的意義"
                                         The Seminar was organized by The Hong Kong Coalition of Professional Services.

22/1/2011                Presentation on "Hong Kong Public Finance" for Members of Hong Kong Chiu
                                         Chow Chamber of Commerce Ltd.
                                         The Seminar was organized by Hong Kong Chiu Chow Chamber of Commerce Ltd.  

16/12/2010            Invited by College Head of The Chinese University of Hong Kong, I served as a
                                        Guest of Honour and delivered a speech to graduates at the 2009-2010 Graduation
                                        Ceremony of United College, The Chinese University of Hong Kong. In addition,
                                         I also participated in the Tree Planting Ceremony immediately after the Ceremony.

3/12/2010                Presentation on "Serving Hong Kong's Economic Life" for 24 alumni of HKBU at
                                         Golden Mile Holiday Inn, Hong Kong.

9/11/2010                Presentation on "Serving Hong Kong's Economic Life" for the Public Sector Reform
                                         Conference 2010: Public Service 2020
                                         The Conference was organized by the HKSAR Government

4/10/2010                Presentation on "Does Corporate Social Responsibility Matter in Asia's Capital
                                        Markets?"
                                         The Presentation was organized by Securities Investors Association, Singapore

9/9/2010                   Presentation on 「如何選擇你的基金經理」
                                         The Presentation was organized by Hong Kong Baptist University, Finance Office

15/7/2010                Presentation on "香港上市公司管治概況"
                                         The Presentation was organized by One Country Two Systems Research Institute
                                         (一國兩制研究中心)

29/6/2010               Presentation on "Global Financial Crisis: Implications for Future Business Education"
                                        The Presentation was organized by School of International Business, Southwestern
                                         University of Finance and Economics, Chengdu, Sichuan, China.

24/5/2010               Presentation on "Plan for the Success - Case of Hong Kong Baptist University"
                                        AACSB 2010 Asia Regional Conference, Singapore.

4/5/2010                  Roundtable Discussion on the Meaning of Social Enterprise "Promoting a Joint
                                       Endeavour of Government, Business, Academic Institutions and NGOs for Social
                                       Enterprise"
 The Discussion was organized by the Hong Kong Social Entrepreneurship
                                       Forum and supported by HKU SPACE.

10/2/2010                Luncheon presentation on "Transparency Index, Family firms, and Company
                                        Performance: Evidence from Hong Kong"
                                         The Presentation was organized by The Hong Kong Society of Financial Analysts.

4/2/2010                   Seminar on "Poverty and Economic Development" (「貧窮與經濟發展」研討會)
                                         The Seminar was organized by The Hong Kong Council of Social Service,
                                         Policy Research and Advocacy (香港社會服務聯會政策研究及倡議).

27/10/2009             國際金融組織與本土經濟
                                         Presented at the 「聯通課程」organized by the Office of Student Affairs,
                                         Hong Kong Baptist University.

18/9/2009               A Letter to Hong Kong (香港家書)
                                        Presented at RTHK.

16/9/2009               Sharing Session with Dean of Business: Future Development of School of Business
                                        Presented at the Executive Development Seminar Series, School of Business,
                                        Hong Kong Baptist University.

9/2009                      Personal, Social and Humanities Education Section, Curriculum Development
                                       Institute, Education Bureau

                                       (
個人、社會及人文教育學習領域:經濟科視像教材)
                                        Presented for Hong Kong secondary schools.

25/5/2009               Who will Become a Global Financial Center, Shanghai or Hong Kong?
                                        Presented at the Financial Media Institute, School of Communication,
                                        The Hong Kong Baptist University.

26/3/2009               Introduction to Corporate Sustainability and Its Trend in Hong Kong
                                        (
簡介企業可持續發展及本地趨勢)
                                        Presented at HSBC Living Business Programme 2009 Experience Sharing and
                                         Award Briefing Seminar 2009年匯豐營商新動力計劃,經驗分享及獎勵計劃簡介會,
                                        organized by the HSBC Living Business and Business Environment Council.

17/5/2008              Social Enterprise
                                       Presented at The Hong Kong University of Science and Technology which was
                                       organized by Professor Stephen Cheung

13-14/5/2008      Corporate Governance
                                       Presented at 2008 Asian Roundtable on Corporate Governance which organized
                                       by OECD at Shangri-La Hotel-Kowloon

25/4/2008              Healthcare Reform Consultation
                                       Presented at Wu Chung House which organized by Hong Kong Institute of Certified
                                       Public Accountants 

15/3/ 2008             Social Enterprise
                                        Presented at the City University of Hong Kong which organized by
                                        Professor Stephen Cheung 

5/3/ 2008                 Social Enterprise
                                        Presented at the Chinese General Chamber of Commerce, Central which organized by
                                        The Chinese General Chamber of Commerce 

23/2/2008               Tackling Poverty in Hong Kong: What's Next?
                                         Presented at Public Policy Roundtable Series which organized by Governance in Asia
                                         Research Centre (GARC), Faculty of Humanities and Social Sciences and SynergyNet
                                         at City University of Hong Kong 

20/12/2007             Social Enterprise
                                          Presented at Social Enterprise Summit which organized by Home Affairs Bureau in Hong
                                          Kong International Trade and Exhibition Centre

23/11/ 2007             Hong Kong as Global Financial Centre: Where We Are? Where We Will Go?
                                          Presented at Hong Kong University, the seminar of "Hong Kong in     the Region" which
                                          organized by Central Policy Unit. 

16/11/ 2007            Social Enterprise
                                          Presented at Hong Kong Productivity Council which organized by    Education Bureau  

15/10/ 2007           "The Globalization and Corporate Social Responsibilities" and "Do Investors Really Value
                                          Corporate Governance? Evidence from the Hong Kong Market"
                                         Presented at the seminar of "The Globalization and Corporate Social  Responsibilities" and
                                         "Corporate Governance" which organized by School of Business, Sun Yat-sen University,
                                         Guangzhou

28/6/2007               The helping hand, the dead hand or the grabbing hand? Government shareholders
                                        in publicly listed firms in China
                                         Presented at the Asian Roundtable on Corporate Governance, which wa organized by
                                         OECD in Singapore

25/6/2007               Impact of Globalization on Social and Community Development
                                        Presented at the International Association for Community Development Conference 2007,
                                        which was organized by the International Association for Community  Development in
                                        Hong Kong

20/6/2007               Hong Kong in the Past Ten Years and the Future
                                        Presented at the Better Hong Kong Foundation Delegation to United States, which was
                                        organized by the Better Hong Kong Foundation, hosted by the Fund for American Studies
                                        in Washington, D.C., U.S.

18/6/2007               Hong Kong's Economic Developments and Economic Relations with Mainland China
                                        Presented at the Better Hong Kong Foundation Delegation to United States, which
                                        was organized by the Better Hong Kong Foundation, hosted by the Carnegi 
                                        Endowment in Washington, D.C., U.S.

4/5/2007                 Next Generation- What our Future Leaders Should Know
                                       Presented at CUMBA CSR Conference 2007, which was organized by the MBA
                                       programme of Chinese University of Hong Kong

13/2/2007               Hong Kong as the International Financial Centre in Asia: Ways Forward
                                        Presented at 「香港國際金融中心發展策略」研討會, which was organized by DAB

30/1/2007               Corporate Governance in Hong Kong
                                        Presented at a lunch cum seminar, which was organized by the Federation of Hong Kong
                                        Industries and City University of Hong Kong

21/12/2006             A study on Economic dependence on Family among young people in Hong Kong
                                         Presented at a press conference, which was organized by the the Hong Kong
                                         Federation of Youth Groups, Hong Kong.

18/11/2006            Tax Reform?
                                         Presented at a public forum on "Goods and Services Tax (GST): Visions or Missions
                                         Impossible?", which was organized by Governance in Asia Research Centre,
                                         City University of Hong Kong

06/11/2006            香港貧窮問題
                                         Presented at United Christian College

02/11/2006             Corporate Governance Scorecard for Hong Kong Listed Companies
                                         Presented at the press conference, which was organized by the Hong Kong Institute
                                         of Directors and City University of Hong Kong

31/10/2006            香港擴闊稅基的方法
                                         Presented at the 「稅制改革」諮詢文件香港地區研討會, which was organized by the
                                         Hong Kong Special Administrative Region Government

14/10/2006            GST
                                        Discussed at the conference - Hong Kong Youth Forum -- The advantages and
                                        disadvantages of GST, which was organized by
                                        Hong Kong United Youth Association.

08/09/2006           香港為何要擴闊稅基?
                                        Presented at the Conference - 「理性把脈 實質討論 --- 香港為何要擴濶稅基」, which was
                                        organized by the Business and Professional Federation of Hong Kong

04/07/2006             Social Enterprises and Social Entrepreneurship
                                         Presented at the Briefing Session on Enhancing Self-Reliance Through District Partnership
                                         Programme, which was organized by the Home Affairs Bureau

06/04/2006             Social Enterprises and Social Entrepreneurship
                                         Presented at the Conference on Poverty, which was organized by the Commission
                                         on Poverty and The Central Policy Unit

21/11/2005             Hong Kong Industrial Development in the Innovative Era
                                         Presented at the conference - Innovation & Design Expo, which was organized
                                         by the Hong Kong Trade Development Council.

16/11/2005             Improving Philippine Corporate Governance Practices: Working in a Difficult
                                         Environment
                                         Presented at the November 2005 ICD Working Sessions, and the working sessions
                                         were organized by the Institute of Corporate Directors, the Philippines.

04/11/2005             Tunneling, Propping and Expropriation: Evidence from Connected Party Transactions
                                         in Hong Kong
                                         Presented at an invited seminar at Management School Fu Jen Catholic University,
                                         which was organized by the Fu Jen Catholic University, Taiwan.

03/11/2005             Do Investors Really Value Corporate Governance? Evidence from the Hong Kong Market
                                         Presented at the 2005 International Conference on Corporate Governance, which was
                                         organized by the Fu Jen Catholic University, Taiwan.

26-27/09/2005     Futures Market: Hong Kong Experience
                                         Presented at the China Financial Derivatives Forum, which was organized by the Chicago
                                         Mercantile Exchange, Shanghai Futures Exchange and Shanghai Stock Exchange, PRC.

05-06/09/2005     Corporate Governance Scorecards: Emerging in East Asia
                                         Discussed at the 16th General Meeting of PECC "Towards a Pacific Community:
                                         Reviewing the Commitment", Seoul, South Korea.

05-06/09/2005     Comparative Evaluation of Corporate Governance Regulations and Practices in East Asia
                                         Presented at the 16th General Meeting of PECC "Towards a Pacific Community:
                                         Reviewing the Commitment", Seoul, South Korea.

29/08/2005             Do Investors Really Value Corporate Governance? Evidence from the Hong Kong Market
                                         Presented at a seminar organized the Hong Kong Institute of Monetary Research,
                                         Hong Kong Monetary Authority, Hong Kong.

26/08/2005             Corporate Governance and Stock/Fund Performance
                                         Panelist, the Inaugural Asia-Pacific Corporate Governance Conference, which was
                                         organized the School of Business, Hong Kong Baptist University, Hong Kong.

29/07/2005             The Relevance of Independent Directors and Audit Committee
                                         Presented at the International Conference on Corporate Governance in Bangladesh,
                                         organized by the OECD.

25/07/2005             公共財政開支及控制,公共財務與政策制訂的關係
                                          Presented at the 「青年領袖對新任行政長官首份施政報告意見及政策建議行動」
                                          專題研討會, which was organized by the Leadership 21,
                                          the Hong Kong Federation of Youth Groups, Hong Kong.

20/06/2005             Hong Kong Economy
                                         Presented at the Rotary Club of New Territories, Hong Kong.

03/06/2005             Roundtable on "The Renminbi and the Global Economy: Implications for Hong Kong"
                                         Panel member, Sun Hung Kai Properties Nobel Laureates Distinguished Lectures:
                                         Emergence of China in the World Economy, which was organized by
                                         The Chinese University of Hong Kong and Sung Hung Kai Properties Group, Hong Kong.

23/04/2005             Regional Financial Co-operation: Initiation and Way Forward
                                         Speaker at the seminar - 太平洋區域經濟合作青年研習計劃, the Hong Kong Federation of
                                         Youth Group and Pacific Economic Cooperation Council, Hong Kong.

08-09/04/2005     Corporate Governance Reform: Regional Cooperation
                                         Panel member, 'Remaking Economic Strengths in East Asia - Dealing with the
                                         Repercussions of Increased Interdependence', which was organized by the
                                         Institute of East Asian Studies,
                                         University of California, Berkeley, U.S..

01/03/2005             The Budget 2005-2006: My Views
                                         Presented at the Budget Speech Seminar, which was organized by the Hong Kong Council
                                         of Social Service, Hong Kong.

26/02/2005             Hong Kong Economic Situations
                                         Presented at the 「飛躍香港未來」計劃 — 中學生「領袖接班人」訓練營, which was
                                         organized by Ming Pao and the Commerce, Industry and Technology Bureau, Hong Kong.

23/02/2005             What's Next in Hong Kong's Asset Management
                                         Panel Member, Lipper Fund Awards Hong Kong 2005, which was organized by
                                         Metro Finance, Hong Kong Economic Journal, and Lipper, Hong Kong.

17/12/2004             The Proposal of Splitting the Post of the Chairman of Securities and Futures Commission
                                          into a Non-executive Chairman Post and a Chief Executive Officer Post
                                          A paper was submitted to the LegCo Panel on Financial Affairs, Legislative Council,
                                          Hong Kong Special Administrative Region Government, Hong Kong.

13/12/2004             未來經濟路向
                                          Presented at the香港經濟峰會2005, which was organized by Metro Finance, Hong Kong
                                          Economic Journal, and Hong Kong Stock Exchange, Hong Kong.

09/12/2004             Assessing Systemic Issues: Regional Initiatives and Way Forward
                                          Presented at the Economic and Social Commission for Asia and the Pacific: Expert Group
                                          Meeting on Development Issues and Policies, which was organized by the United Nation,
                                          Bangkok, Thailand.

22/11/2004             Corporate Governance Scorecard
                                          Presented at a working session on Corporate Governance Scorecards, which was
                                          organized by the Institute of Corporate Directors, the Philippines

22/11/2004             How to Become a Creative City
                                          Presented at a seminar organized by the Hong Kong Arts Development Council,
                                          Hong Kong.

13/09/2004             Tunneling, Propping and Expropriation: Evidence from Connected Party Transactions
                                         in Hong Kong
                                          Presented at a seminar organized by the Chinese Academy of Social Science,
                                          Beijing, China.

20-21/06/2004      Assessing and Building Capacities for the Development of Bond Markets in the
                                          APEC Region
                                          Presented at the 3rd Annual PECC Finance Conference, which was organized by Pacific
                                          Economic Cooperation Council, Santiago Chile.

25-26/03/2004      Practical Steps towards East Asian Integration
                                          Participated in the above conference, which was organized by the Australian National
                                          University (with support from the Ministry of Finance Japan, AusAID and
                                          Axiss Australia).

22/03/2004             APEC Initiative of Development of Securitization and Credit Guarantee Market
                                          Discussants at Thailand Panel at a seminar organized by the Hong Kong Institute of
                                          Monetary Research, Hong Kong.

11/03/2004             2004財政預算案分析」講座
                                          Presented at a seminar, which was organized by the Leadership 21, the Hong Kong
                                          Federation of Youth Groups, Hong Kong.

12/02/2004             Tunneling, Propping and Expropriation: Evidence from Connected Party Transactions
                                         in Hong Kong
                                          Presented at a seminar organized by the Hong Kong Institute of Monetary Research,
                                          Hong Kong.

14/01/2004             香港的經濟發展
                                          Presented at the "One Country, Two System" seminar, which was organized by the
                                          Hong Kong Policy Research Institute Limited, Shanghai, PRC.

17-19/12/2003      Meeting the Challenges of Globalization through Regional Cooperation: The Experience
                                         of the Asia-Pacific Region
                                          The Expert Group Meeting on Development Issues and Policies which was organized by
                                          the Economic and Social Commission for Asia and the Pacific, United Nation, Bangkok,
                                          Thailand.

16/12/2003              RMB and CEPA
                                          The seminar was organized by the Hong Kong Special Administrative Region Government,
                                          Hong Kong.

11/12/2003              香港金融市場的監管和經驗
                                          Presented at the High Level Financial Supervision Seminar, which was organized by
                                          the Hong Kong Monetary Authority, Hong Kong.

11-14/12/2003      Critical Features of Asian Debt and Derivatives Market
                                          Presented at the Asian Bond Market Forum, which was organized by the Milken
                                          Institute & Asian Institute of International Financial Law, Hong Kong.

31/10-01/11/2003  Corporate Governance Reform: Asia Experience
                                           Presented at the conference - Institutional Development in East Asia, which was
                                           organized by the Australian National University and the Fiscal Policy Research
                                           Institute, Bangkok, Thailand.

15-17/10/2003      What Price Connections? Expropriation of Minority Shareholders
                                           Presented at the 2nd International Symposium on Corporate Governance, which was
                                           organized by Chinese Center for Corporate Governance of Chinese Academy of 
                                           Social Science, Beijing, China.

10/10/2003               CEPA: 香港金融服務業和內地企業的新機遇
                                           Presented at the 2003甬港經濟合作論壇開幕式暨主題報告會, which was organized
                                           by the 寧波市人民政府and the Trade and Development Council, Hong Kong.

20/09/2003              預算案對解決當前財政赤字的作用
                                           Presented at本港經濟研討會, which was organized by the Federation of Hong Kong.
                                           & Kowloon Labour Unions, Hong Kong.

24/10/2003             The Hong Kong Financial Markets
                                           Presented at the Asia-Pacific Student Entrepreneurship Society Submit in Hong
                                           Kong 2003, which was organized by the Asia-Pacific Student Entrepreneurship Society,
                                           Hong Kong.

07-08/07/2003     Venture Capital in APEC Economies: Comments
                                          Presented at the 2nd Annual Conference of PECC Finance Forum, which was organized
                                          by the Pacific Economic Cooperation Council, Hawaii, U.S.

05/07/2003            Basel II
                                         Moderator of the seminar – the Implications of Basel II for Hong Kong, which was
                                         organized by the City University of Hong Kong, Hong Kong.

03/07/2003            The Impact of CEPA on the Services Sectors in Hong Kong
                                        Presented at the conference – 'CEPA對香港服務行業的影響', which was organized by the
                                        Trade and Industry Department, Hong Kong Special Administrative Region Government,
                                        Hong Kong.

02/06/2003            Views of the Governance of the Hong Kong Monetary Authority
                                        Presented at the LegCo Panel on Financial Affairs, Legislative Council, Hong Kong Special
                                        Administrative Region Government, Hong Kong.

25-27/05/2003    What Price Connections? Expropriation of Minority Shareholders
                                        Presented at the IDEA.net working sessions on Common Initiatives on Responsible
                                        Citizenship and Good Governance Certification, which was organized by Institute of 
                                        Corporate Directors, the Philippines

07/04/2003            Corporate Governance in Hong Kong
                                        Enhancement of Regulation of Listed Companies and Corporate Governance of Companies,
                                        LegCo Panel on Financial Affairs, Legislative Council, Hong Kong Special Administrative
                                        Region Government, Hong Kong.

29/03/2003             加入WTO對內地金融行業的影響
                                         Moderator of the ACCA Annual Conference 2003: China Insights 中國透視, which was
                                         organized by the ACCA Hong Kong and The Association of Chartered Certified
                                         Accountants, Hong Kong.

22/03/2003             香港在內地資本市場未來發展中的角色
                                          Presented at the內地與香港融合與香港未來路向座談會, which was organized by the
                                          Hong Kong Monetary Authority, Hong Kong, Hong Kong.

22/03/2003             預算案對解決當前財政赤字的作用
                                         Presented at the seminar 財政預算案、財政與貨幣政策 ─ 政府在香港經濟復甦中的
                                        角色春季座談會, which was organized by the One Country Two Systems
                                         Research Institute, Hong Kong.

13/03/2003             預算案對解決當前財政赤字的作用
                                         Presented at the seminar 香港03/04年度財政預算案小型座談會, which was organized
                                         Bank of China (Hong Kong) Limited, Hong Kong.

14/02/2003             Securities Markets in China
                                          Presented at the seminar - Public Listing of the Mainland Private Enterprise and
                                          Corporate Governance, which was organized by the Hong Kong Special Administrative
                                          Region Government, Hong Kong.

23-25/01/2003     Corporate Governance in Hong Kong
                                          Presented at the Regional Meeting on Corporate Governance Reform in East Asia:
                                          Experiences and Prospects, which was organized by the Korean Institute of Directors
                                          and YCGS, Yonsei University, Seoul, South Korea.

07/08/01/2003    中國股市未來的挑戰香港公司治理的經驗
                                          Presented at the 轉型期的中國證券市場研討會, which was organized by the
                                          CS Culture Foundation, Beijing, PRC.

17-18/12/2002    中國證券市場的未來發展和挑戰
                                         Presented at the促進內地與香港經濟共同繁榮學術研討會, which was organized
                                         by the China Economic and Social Council, Shanghai, PRC.

04/12/2002            公司管治:亞洲的經驗
                                          Presented at the 台灣民營銀行發展經驗教訓及對大陸的啟示學術研討會,
                                          which was organized by the Fudan University, Shanghai, PRC.

04/12/2002             Importance and Position of Research in Hong Kong
                                          Presented at the conference – "Postgraduate Research Expo 2002 - New Research Era",
                                          which was organized by the City University Postgraduate Association,
                                          City University of Hong Kong, Hong Kong.

29/10/2002             Corporate Governance and Financial Reforms in Asia
                                          Presented at the International Symposium: Asian Economic Dynamism in the Age
                                          of Globalization, which was organized by Lingnan University, Hong Kong. 

09/09/2002             香港金融制度及市場之運作
                                          Presented at the領導幹部經濟管理研修班, which was organized by the Liaison Office
                                          of the Central People's Government in the Hong Kong Special Administrative
                                          Region Government, Hong Kong.

11-13/08/2002      New Capital Accord - Basel II: Challenges for the Asia-Pacific Region
                                           Presented at the PECC Finance Forum Conference: Issues and Prospects for
                                           Regional Cooperation for Financial Stability and Development, which was organized
                                           by Pacific Economic Cooperation Council, Hawaii, U.S.

27/07/2002             Improving Kwun Tong Industrial Buildings: Creation of Business and Employment
                                        Opportunities
                                           Presented at a seminar organized by the Kwun Tong District Council, Hong Kong.

24-25/07/2002     The Impact of Japanese Yen Exchange Rates on the East Asian Markets during the
                                         Asian Financial Crisis
                                           Presented at the conference - Asian Crisis, IV: The Recovery and the Rest of the World,
                                           Research Center for International Economics, which was organized by the National
                                           Taiwan University and Research Center for International Economics, Taipei, Taiwan.

14/12/2001              Corporate Governance: Asian Experience
                                           Presented at the conference – Monetary and Financial Issues in Asia, which was
                                           organized by the Asia Pacific Financial Markets Research Centre, City University of
                                           Hong Kong and Hong Kong Institute for Monetary Research, Hong Kong.

28-30/11/2001      Market Response on Corporate Governance
                                           Moderator on the Plenary Session VI: Market Response on Corporate Governance at
                                           14th General Meeting of Pacific Economic Cooperation Council, which was organized
                                            by the Pacific Economic Cooperation Council, Hong Kong.

22-23/11/2001       Bond Markets in the Pacific Rim: Development, Market Structure and Relevant Issues
                                           in Fixed-income Capital Markets
                                           Presented at the workshop - Mobilizing Domestic Finance for Development:
                                           Reassessment of Bank Finance and Debt Markets in Asia and the Pacific, ESCAP-ADB
                                           Joint Workshop on Mobilizing Domestic Finance for Development, which was organized
                                           by the, Economic and Social Commission for Asia and the Pacific and Asian
                                           Development Bank, Bangkok, Thailand.

01-02/11/2001       Corporate Governance Reform in East Asia
                                          Presented at the seminar - Corporate Governance Reform: China and the East Asia,
                                          which was organized by the China Center for Corporate Governance, the Institute of
                                          World Economics and Politics, and the Chinese Academy of Social Sciences, Beijing, PRC.

27/10/2001             Warrant Education (Part I): Warrant Market
                                          Presented at the Securities and Futures Commission (as part of "
                                          Warrant Monitor" project), Hong Kong.

15-18/10/2001      Guidelines for Good Corporate Governance Practice
                                          Presented at the APEC Informal Senior Offical Meetings and the 13th APEC Ministerial
                                          Meeting (on behalf of the Taskforce on Peer Assistance and Review Network,
                                          Pacific Economic Cooperation Council). The meetings were organized by the
                                          Pacific Economic Cooperation Council, Shanghai, PRC.

09/10/2001             Hong Kong's Economy
                                         Presented to the Trade and Industry Development Officials, Hong Kong.

20/09/2001             Financial Institution and Market Operation in Hong Kong
                                         Presented to the Trade and Industry Development Officials, Hong Kong.

07-09/09/2001      Financial Crisis: Is the World Safer than Before?
                                          Presented at the Seventh APEC Financiers' Group Meeting (on behalf of the
                                          Taskforce on Peer Assistance and Review Network, Pacific Economic
                                          Cooperation Council). 
                                          The meeting was organized by the Pacific Economic Cooperation Council, PRC.

23-24/08/2001       Corporate Governance
                                           Presented at the 3rd Senior Officials Meeting for the Thirteenth Ministerial Meeting
                                           (on behalf of the Taskforce on Peer Assistance and Review Network,
                                            Pacific Economic Cooperation Council), PRC.

03/07/2001              Proper Use of Fiscal Reserves
                                           One of the discussants on the LegCo Panel on Financial Affairs, Legislative Council,
                                           Hong Kong Special Administrative Region, Hong Kong.

11-14/06/2001       Development of Domestic and Regional Capital Markets
                                           Third Asia Development Forum: Asia's Future Economy
                                           Discussant of the above workshops. The workshops were organized by the
                                           World Bank Group in Bangkok, Thailand. This forum, the third in a series aimed
                                           at topical economic themes and issues of importance and concern to the region
                                           as a whole, is designed to build on the success of two previous such conferences
                                           for the development community, starting with the Manila ADF in 1998 and moving
                                           on the Singapore ADF in 2000. Each forum revolves around a series of policy seminars
                                           and workshops as well as keynote addresses by prominent speakers on development
                                           issues drawn from governments, multilateral development agencies, universities,
                                           think- tanks and civil society. They engender a sharing of policy experiences,
                                           best-practice approaches, ideas, innovations and thought-provoking concepts.

02-03/06/2001        APEC SOM II on Corporate Governance
                                            Presented at the 2nd APEC Senior Officials Meeting on Corporate Governance
                                           (on behalf of the Taskforce on Peer Assistance and Review Network, Pacific
                                            Economic Cooperation Council). The meeting was organized by the Pacific
                                            Economic Cooperation Council, Beijing, PRC.

09/05/2001              Corporate Reform in East Asia
                                          Elements of Code of Corporate Governance: East Asia Perspective
                                          Presented on behalf of the Taskforce on Peer Assistance and Review Network,
                                          Pacific Economic Cooperation Council, Manila, the Philippines.

01/05/2001             Presentation to the APEC Finance and Central Bank Deputies Meeting         
                                          Presented at the APEC Finance and Central Bank Deputies Meeting (on behalf
                                          of the Taskforce on Peer Assistance and Review Network, Pacific Economic
                                          Cooperation  Council), Washington, U.S.

07/04/2001             APEC Corporate Governance Policy Dialogue
                                          Discussant of the above meeting (on behalf of the Taskforce on Peer Assistance
                                          and Review Network, Pacific Economic Cooperation Council) in Singapore. The
                                          dialogue took place back-to-back with the 3rd OECD/WB/ADB Asian Roundtable
                                          on Corporate Governance which held from April 4-6. The APEC dialogue session
                                          examined implementation issues of corporate governance, in particular the policy
                                          responses and government action needed to create incentives for good corporate
                                          governance,   while the OECD Asian Roundtable will focus on the technical aspects of
                                          corporate governance reforms. The policy dialogue focused on two main themes:
                                          1) creating the incentives for good corporate governance, and
                                          2) monitoring, enforcement and the legal framework to foster sound
                                          corporate governance.

01/03/2001             Option Pricing Model
                                          Presented at the Stock Exchange of Hong Kong Limited (currently the Hong Kong
                                          Exchanges and Clearing Limited), Hong Kong.

11-19/02/2001     The 1st APEC Senior Officials Meeting (SOM I) on Corporate Governance
                                          Presented at the above meeting (on behalf of the Taskforce on Peer Assistance and Review
                                          Network, Pacific Economic Cooperation Council), Beijing, PRC.

03/02/2001             Suggestions to the Securities and Futures Bill
                                          Suggestions were made to the Bills Committees on Securities and Futures Bill and Banking
                                          (Amendment) Bill 2000, Legislative Council, Hong Kong.

02/12/2000             Defining Investment Risk
                                          Presented at the Seminar on Interest Rate and Investment Strategy, which was organized
                                          by the Asia Pacific Financial Markets Research Centre, City University of Hong  Kong, and
                                          the Hong Kong Mortgage Corporation Limited, Hong Kong.

10-11/11/2000      PARNET Corporate Governance Network in East Asia
                                          Presented at the PARNET's Conference on Corporate Governance in East Asia (on behalf
                                          of the Taskforce on Peer Assistance and Review Network, Pacific Economic  Cooperation
                                          Council), Manila, the Philippines.

15-17/10/2000      Annual Conference of the US National Association of Corporate Directors
                                          Discussant of the above conference (on behalf of the Taskforce on Peer Assistance
                                          and Review Network, Pacific Economic Cooperation Council), Washington, U.S.

02-05/08/2000       Financing for Development: Capital Markets as a Source of Finance for Development
                                           after the Asian Currency Crisis
                                           Presented at the High-Level Regional Consultative Meeting on Financing for
                                           Development (on behalf of the Economic and Social Commission for Asia and the Pacific) 
                                           and the meeting was organized by the United Nation, Jakarta, Indonesia.