International Advisory Board Meeting 2018
On the morning of Nov. 17, 2018, the Lingnan (University) College International Advisory Board held its annual meeting in Shenzhen. The Lingnan International Advisory Board was established in 2012 under the lead of Prof. Liu Mingkang, Honorary Dean of Lingnan College, and consists of prominent Chinese and international business leaders and academics from top business schools. The Board meets once a year, and 2018 marks its seventh annual meeting.
Group photo
2018 International Advisory Board Meeting
Carl P. Zeithaml, Dean of the McIntire School of Commerce at the University of Virginia
Carl P. Zeithaml, Dean of the McIntire School of Commerce at the University of Virginia, chaired the meeting.
Prof. Liu Mingkang, Honorary Dean of Lingnan, gave the first presentation entitled “2019 Market Challenges and Opportunities.” He identified five major challenges in the future global market, including the normalization of global interest rates, a strong US dollar against currency crises in emerging markets, US-China trade conflicts and uncertainties, global credit market re-pricing and the return of inflation. However, he also identified opportunities, including more reasonable equity market valuations, an EM asset-class assessment at a decade low, M&A opportunities due to low equity valuations and cash squeezes, non-performing asset trading, management, and restructuring and FinTech. In addition, Prof. Liu discussed the development of Lingnan College and its advisory board. He suggested that the agenda of the annual meeting should include going over work done as follow-up to the preceding board meeting. He also shared his ideas on faculty development. Prof. Liu finished by talking about integrating future technology and forward thinking to the EMBA program, so as to re-position itself, optimize the curriculum and the faculty, and develop a lifelong educational program. He also hoped board members could provide more support to Lingnan faculty and students through further visits to the college.
Speech by Prof. Liu MingKang, Honorary Dean of Lingnan
Prof. Lu Jun, Dean of Lingnan, gave an overview of the college’s development in the past year, highlighting its progress in faculty development, research, publications, teaching, learning and international cooperation. He welcomed insights and suggestions from the international advisory board members and called for their support to bring in more chair professorships, scholarships for Global Three Program students and for other programs, internship and placement opportunities, company visits and guest lectures.
Speech by Prof. Lu Jun, Dean of Lingnan
Mr. Peter Wong, Deputy Chairman, Chief Executive of the Hong Kong and Shanghai Banking Corporation, HSBC Holdings plc
Mr. Koh Beng Seng, Chief Executive Officer, Octagon Advisors (Shanghai) Co Ltd
Ms. Alison Terry, Group Manager Corporate Affairs and Joint Company Secretary, Fortescue Metals Group Ltd
Mr. Philip Chen Managing Director, Hang Lung Group and Hang Lung Properties Limited
Mr. Lim Tae Won, Head of Technology Innovation Center, Hyundai Motor Company
Mr. Benjamin Hung, CEO, Greater China, Standard Chartered.
A general discussion among the board members followed the presentations. Several members suggested Lingnan introduce philosophy and sociology classes to help students, and our future society, cope with the emerging challenges brought by the unprecedented, accelerating development of technology and the internet. The board also discussed how Lingnan can help advise the government on policy issues, especially on issues of privacy and the ethics of applying Artificial Intelligence to industries such as insurance and finance. Benjamin Hung pointed out that Lingnan’s geographic presence at the hub of the Hong Kong-Macao-Guangzhou Greater Bay Area is a unique advantage. He emphasized the necessity for Lingnan to create a hallmark interdisciplinary curriculum to capitalize on these advantages.
On the afternoon of Nov. 16th, Mr. Wang Weizhong, Party Secretary of Shenzhen, met with Prof. Liu Mingkang and the International Advisory Board Members.
He extended his warm welcome and gratitude to all attendees for convening the 2018 International Advisory Board Meeting at Shenzhen and briefed them on the socio-economic development of Shenzhen. He said that Shenzhen was studying and implementing the direction of the speeches President Xi Jinping delivered during his inspection tour in Guangdong, and that Shenzhen is striving to serve as an exemplar of a city under socialism with Chinese characteristics. In addition, he wished the Lingnan International Advisory Board member would offer their ideas and insights to facilitate Shenzhen’s scientific research, create a first tier international business environment, attract more investments from outstanding companies and entrepreneurs from both China and abroad, and to achieve high quality development for the service and advancement of the Guangdong-Hong Kong-Macau Greater Bay Area.
The board in return offered their feedback on how to foster Shenzhen’s progress in finance, education, and science & technology etc., and affirmed their commitment towards facilitating Shenzhen’s development and helping the city play a leading role in building up the Guangdong-Hong Kong-Macau Greater Bay Area.
IAB members and representatives who attended:
(in alphabetical order by surname)
Jack Chan (on behalf of Mark Weinberger, Global Chairman and Chief Executive Officer, EY)
Greater China Financial Service Leader, Ernst & Young
Philip Chen
Managing Director, Hang Lung Group and Huang Lung Properties Limited
Han, Lee Min (on behalf of Robert Ng, Chairman, Sino Group)
General Manager (China Business Development) of Sino Group
Benjamin Hung (on behalf of Bill Winters, Group Chief Executive, Standard Chartered)
CEO, Greater China, Standard Chartered
Beng Seng, Koh
Chief Executive Officer, Octagon Advisors (Shanghai) Co Ltd.
Lim Tae Won
Head of Hyundai Motor Central Advanced Research and Engineering Institute, Hyundai Motor Company
Alison Terry (on behalf of Elizabeth Gaines, Chief Executive Officer, Fortescue Metals Group Ltd.)
Group Manager Corporate Affairs and Joint Company Secretary, Fortescue Metals Group Ltd.
James Wang
Chairman, Board of Trustees, Lingnan (University) College Sun Yat-sen University
Founder, Chairman, China Alpha Fund Management (HK) Limited
Peter Wong
Group Managing Director, HSBC Group
Deputy Chairman, Chief Executive of the Hong Kong and Shanghai Banking Corporation, HSBC Holdings plc
Annie Wu
Standing Committee Member, the National Committee of Chinese People’s Political Consultative Conference
Honorary Chairman, Beijing Air Catering Company Limited
Carl P. Zeithaml
Dean, F.S. Cornell Professor in Free Enterprise, McIntire School of Commerce, University of Virginia
