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After over 30 years’ solid experience in the banking industry and graduating from the Doctor of Business Administration degree at The Hong Kong Polytechnic University (PolyU) in 2018, Dr Derek Chung Siu-kuen decided to step into the university as a lecturer to apply what he had gained in work into transferable knowledge and give back to society.


Teaching is about giving back and continuing to learn

Bearing desire and passion, Dr Chung is now a Professor of Practice for PolyU’s School of Accounting and Finance. He started to progressively take up teaching corporate social responsibility (CSR), theme-based Capstone Project related to fintech topic, international banking and brand management courses at PolyU starting from September 2020, when there was after the Covid virus spread worldwide.

“I’m grateful to be offered this teaching opportunity. I enjoy teaching a lot, but the education sector is quite different from the business world, especially when times are changing fast. We need to find suitable approaches to engage students in the classroom and also get used to teaching virtually,” said Dr Chung.

Dr Chung had to adjust his teaching style to tackle the inconvenience caused by virtual teaching and meet his students’ needs. His approaches included adding in-class quizzes, ad-hoc presentations, and group assignments. From time to time, he has invited experienced guest speakers to share their knowledge and experience during classes, and he has proactively helped students find internships and full time jobs.

Dr Chung believes that teaching has allowed him to share what he has learned over his many years at work, giving him a sense of accomplishment while also motivating him to continue learning. As Dr. Chung also teaches CSR, he keeps a close eye on the environmental, social, and governance sectors. He believes that ESG has been growing fast in Hong Kong and points out that there are already ESG related financial products in the market.

Besides teaching, Dr Chung has also volunteered for various university roles. He is currently Chairman of the DBA Alumni Association, one of PolyU’s distinguished alumni associations.

In 2021, he was appointed to the new Board of Directors of the Federation of PolyU Alumni Associations for a two-year term. He also served as Convenor of Public Relations and on the Alumni Activities Sub-Committee. Dr Chung feels grateful that he has learned from his co-directors the best ways to engage alumni.


Consulting at the same time

As well as teaching and volunteering at PolyU, Dr Chung has also founded his own consulting firm, Dr. WMS Limited. The company specialises in advising on strategies and business models for execution excellence and for delivering remarkable business results.

As a seasoned banker, Dr Chung previously oversaw a wide range of operations in the banking industry, including sales and distribution networks, cross-border business growth and collaboration, customer segments, and retail banking and wealth management products. His solid and established credentials led to his being hired as a consultant to provide wealth management and planning services. Throughout his career, Dr Chung has managed significant strategic initiatives, new franchises and product developments in a variety of multinational and Chinese institutions. A number of authorised institutions were able to stay competitive thanks to his leadership, and his significant sales and marketing skills.

Dr Chung is particularly notable for launching a number of first-to-market products and programmes that have helped expand Hong Kong's retail banking sector. In addition to his vast banking knowledge, he was also appointed as Associate Director of a reputable property developer, responsible for sales of real estate in 2017 and 2018.

As an experienced banking professional with a strong background in property, mortgage loans and wealth management, Dr Chung has also served as a spokesperson for several banks and developers, and has appeared in top broadcasting, print and digital media, as well as seminars of statutory and non-statutory bodies.

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Some say that it takes 10,000 hours to master a new skill. Our DMgt graduate, Dr Wang Yong, has invested a lot more time than that in pursuit of his passion. Over the past two decades, he has been devoted to developing brand management and carpooling in China.

Dr Wang started from scratch, but now he is Chairman of the Board at TopBrand Union, a boutique branding consultancy with over thirty Forbes 500 clients.


From Zero to Hero: The Leading Role of Dr Wang at TopBrand

Dr Wang’s journey began in 1996 when he founded the graphic design company Chuxing. As a college graduate who had majored in Fine Arts at Hengyang Normal University, he was also working as a teacher in his home province but decided to move to Beijing and put his efforts into developing his new company. Soon, Chuxing began to specialise in providing design services for the furniture industry.

Ten years later, Dr Wang had earned his first pot of gold and his clients included highly reputable brands. By the age of 29, he had already been named among the Top Ten Outstanding Youth of Beijing and had received the Golden Finger Award, the highest award for graphic design in China.

“My career path can be split into three 10-year periods, which are roughly from 1993 to 2003, 2005 to 2016, and 2016 until now ,” says Dr Wang.

In 2005, he restructured his design company and founded TopBrand Union to focus on providing brand management services. His team initiated the first China Brand Festival in 2007 and put tremendous effort into elevating its status to an event of national importance. Ten years later, China announced that 10 May would be officially recognised as China’s Brand Day starting from 2017.

Meanwhile, TopBrand Union became the first company managing such events to be listed on the National Equities Exchange and Quotations (NEEQ), also known as the New Third Board in China.

In the third decade of his career, Dr Wang moved on to pursue ventures that promote greater social responsibility.


Becoming a Carpooling Pioneer in Beijing

Despite his success, Dr Wang has always remained grounded and has maintained a strong need to give back to the community. As soon as he bought his first car in 1998, Dr Wang began to give free rides to hitchhikers.

In 2014, Dr Wang engaged in a new venture: developing a high-tech company to promote shared rides through an app, VV Pingche.

The app was designed to optimise travel routes so that car owners and passengers could easily find a ride nearby. Dr Wang saw this as an opportunity for everyone to help each other, contribute to saving energy, and help alleviate traffic jams.

This gave Dr Wang a sense of achievement as he believed this was a worthwhile venture that would promote social interaction and contribute to making the economy greener. Each day, thousands of people would receive free rides and make new friends along the way.

Initially, there was some misunderstanding and apprehension about carpooling in China. However over the past 17 years it has become a widely accepted practice nationwide as an increasing number of people have seen its benefits and begun to express their support for greener travel. This has motivated Dr Wang to continue his efforts to promote carpooling.

He has been a passionate advocate of carpooling for a long time. For six years in a row, he relentlessly submitted proposals for carpooling legislation to the National People’s Congress and the Chinese People’s Political Consultative Conference. Eventually, the Beijing Commission of Transport released guidelines for the formal legislation of carpooling.

Through his charity work, Dr Wang has managed to gather support for the promotion of carpooling along with Deng Feng, Chen Weihong, Liang Yongchun and Zhao Pu. The first National Carpooling Day in China was announced on 6 June 2012.

In 2015, Dr Wang played the leading role in a movie entitled Shunfengche (English title: Free Ride), which was based on his real story of offering free rides. He was invited to play himself in the movie by the movie’s scriptwriter and director, Yue Xiaolin.

As a result of these efforts, carpooling was eventually developed in over 40 Chinese cities with more than 100,000 car owners signing up on the app developed by Dr Wang’s team.


COVID Impact and Branding Tips

Dr Wang believes that the perception of a company’s brand is closely associated with the branding of its country of origin. Over the past decades, he has seen the Chinese branding industry grow rapidly for a variety of reasons, including the digital economy and the rising recognition of domestic brands.

Today, change takes place faster than ever before. Because of this, Dr Wang believes enterprises should stick to their core strengths, increase awareness of their brands, and build up their strength and resources during regular times. This is the best way to be resilient to potential risks and crises when they occur. Enterprises should avoid having a shortsighted strategy and plan instead for the long run.

As for Dr Wang’s own business, TopBrand has remained profitable during the COVID-19 pandemic: it has not laid off any employees and remains committed to retaining all of its workforce.

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Congratulations to the awardees for their significant contributions to FB, the University and the community!

Outstanding Alumni Award in Scholarly Achievement of PolyU Faculty of Business

Prof Eric NGAI Wai-ting 倪偉定教授
Associate Dean (Research and Postgraduate Studies), Faculty of Business and Chair Professor of Information Systems and Operations Management, Department of Management and Marketing, PolyU

Doctor of Philosophy (1997)

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Outstanding Alumni Award in Entrepreneurial Achievement and Community Service Achievement of PolyU Faculty of Business

Mr Wilson WAN Sze-chung 溫思聰先生
Director, Jacob Walery Limited

Bachelor of Arts (Hons) in Accountancy (1997)

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Outstanding Alumni Award in Professional Achievement of PolyU Faculty of Business

Mr YANG Xianguo 楊獻國先生
Counselor, Zhejiang Province Government

Master of Science in Quality Management (2001)

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Outstanding Young Alumni Award in Professional Achievement of PolyU Faculty of Business

Mr Raymond CHENG Yiu 鄭堯先生
Regional Director – International Freight Forwarding, Southeast Asia, Kerry Logistics

Bachelor of Business Administration (Hons) - Major in Global Supply Chain Management and Minor in Commercial Law (2010)

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Outstanding Young Alumni Award in Professional Achievement of PolyU Faculty of Business

Mr Bayern CHUI Kin-pong 徐建邦先生
Partner, Audit, KPMG China

Bachelor of Arts (Hons) in Accountancy (2005)

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Outstanding Young Alumni Award in Entrepreneurial Achievement of PolyU Faculty of Business

Ms Katie LEE Fong-ching 李汸澄女士
Founder and Chief Executive Director, Qcuremarketing Technology Co. Ltd

Bachelor of Arts (Hons) Scheme in Fashion and Textiles (2007)
MSc in China Business Studies (2016)

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Outstanding Young Alumni Award in Entrepreneurial Achievement of PolyU Faculty of Business

Mr Edwin WONG Kong-yuen 王江源先生
Founder and Chief Executive Director, Cloudbreakr

Bachelor of Business Administration (Hons) - Major in Marketing (2014)

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