News

Watch for Unintended Effects of Helping Low-income Families

In the letter to the editor of SCMP, Prof. Haitian Lu and Dr Sirui Han of PReCIT of The Hong Kong Polytechnic University discussed the unintended consequences of the government’s measures for addressing the issue of affordable housing for low-income families, such as reducing incentives for members of low-income households to participate in the labour force and increasing their dependence on welfare, before the announcement of Chief Executive’s 2023 Policy Address tomorrow.  Please refer to below for the full article:

PolyU Takes Step Forward to Promote Innovation Research in Hubei

President Prof. Jin-Guang Teng and Prof. Christopher Chao, Vice President (Research and Innovation) of The Hong Kong Polytechnic University led a delegation to pay a visit to the officials of Hubei province. The two parties also signed a framework agreement about establishing a joint technology and innovation research institute. Online Coverage: Changjiang Daily - http://cjrb.cjn.cn/20231017/content272299 長江網 - https://news.cjn.cn/sywh/202310/t4713507

PolyU and Nanjing Government Join Efforts to Advance Innovation Research

The Hong Kong Polytechnic University and the Nanjing Municipal People’s Government have inked an agreement to jointly establish a technology and innovation research institute, aiming to integrate PolyU’s research strengths with Nanjing’s industrial resources to establish a state-of-the-art platform of technology and innovation.   Online coverage: Hong Kong Commercial Daily - https://www.hkcd.com/hkcdweb/content/231015/content8604680 江蘇經濟報 - http://www.jseconomy.com/public/info48821

Professors Christopher Chao and Zhang Dan Addresses Jiangsu/Hong Kong Cooperation Seminar

Prof. Christopher Chao, Vice President (Research and Innovation), and Prof. Zhang Dan, Chair Professor of Intelligent Robotics and Automation at The Hong Kong Polytechnic Univerisity, gave a speech at a seminar about the cooperation in innovation between Jiangsu and Hong Kong.   Online coverage: Xinhua Net - http://js.news.cn/20231016/dd06d98e Xinhua Daily - https://www.xhby.net/yaowen/202310/t20231016 People.com - http://js.people.com.cn/2023/1016/c360300 中國江蘇網 - https://m.jschina.com.cn/waparticles/eL6TNwneLgvzZcor Mini Eastday - https://mini.eastday.com/nsa/231016071559 Sohu - https://www.sohu.com/728547837 qq - https://new.qq.com/20231016A00ME200

PolyU Ranks 3rd in Supporting GBA I&T Development Among HK & Macau Tertiary Institutions

According to a report about joint innovation and economy and social development in the Greater Bay Area (GBA), The Hong Kong Polytechnic University (PolyU) ranked third among tertiary institutions in Hong Kong and Macau in terms of supporting innovation development of cities in the Pearl River Delta. The Chinese University of Hong Kong, the Hong Kong University of Hong Kong and PolyU also had the most collaborative ESI papers, with over 5,600 papers written together.   Online Coverage (Chinese Only): https://gzdaily.dayoo.com/2023-10/content838842

Prof. Eric CHUI Calls for Moral Education to Tackle the Crux of Juvenile Delinquency in HK

Prof. Eric Chui, Head of the Department of Applied Social Sciences (APSS) and PReCIT Co-Director of The Hong Kong Polytechnic University, explained in an interview with South China Morning Post that lower social and problem-solving skills and a lack of motivation are reasons of the rising number of young offenders involved in money laundering and fraud cases in the first half of 2023.    He urged moral education in Hong Kong to nurture youngsters’ sense of empathy and hope for their future in order to tackle the crux of juvenile delinquency.   Full Article (Subscription Required): https://www.scmp.com/news/hong-kong/law-and-crime/article/3237751

PolyU Study Shows Investors Tend to Overestimate Their Investment Acumen

Commissioned by the IFEC, the Department of Applied Social Sciences (APSS) of The Hong Kong Polytechnic University conducted a groundbreaking Behavioural Science Study on Investor Behaviour in the Virtual Asset Markets: Heuristics in Virtual Assets Investment Decision-Making, with an aim to explore the behavioural factors that affect virtual asset investors’ investment decisions. The result showed investors tend to use “heuristics” (mental shortcuts) to select easily available information for processing and tend to overestimate their investment acumen. The Investor and Financial Education Council (IFEC)’s “Retail Investor Study 2023” also reveals that 23% of young respondents have invested in virtual assets and related products in the past year. The ratio is three times higher than the overall number of respondents and surpasses the 12% recorded in 2021.  Over 70% of the respondents cited the pursuit of short-term returns, considering it as an investment trend, and the fear of missing investment opportunities as the reasons for their investment in virtual assets. Professor Eric CHUI, Head of the Department of APSS and Co-Director of PReCIT of PolyU, said that virtual assets tend to have higher risks compared to traditional investment products and urged investors to make rational investment decisions with caution.   Online Coverage: Now TV Programme (時事全方位) First Episode: https://www.news.now.com/home/local/player535598 Second Episode: https://www.news.now.com/home/local/player535599 Now TV - https://finance.now.com/news/post824337 SCMP - https://www.scmp.com/tech-trends/article/3237602/ (subscription required) Oriental Daily News - https://hk.on.cc/hk/bkn/cnt/finance//2023101118101100842 Hong Kong Economic Journal - https://polyu.me/46pdifz Hong Kong Economic Times - https://polyu.me/3QbnZwn Sing Tao Daily - https://std.stheadline.com/realtime/article/1957029/ Headline Daily - https://polyu.me/3RVIRsN Ta Kung Pao - https://epaper.tkww.hk/a/202310/12/AP6527029 Hong Kong Commercial Daily - https://www.hkcd.com/hkcdweb/2023/1011/content8604123 Economic Digest - https://polyu.me/48LJGdL ETNet - https://www.etnet.com.hk/www/tc/news/ETN331011601 Commercial Radio Hong Kong: https://www.881903.com/2505764/ RTHK: https://news.rthk.hk/rthk/1722708-20231011 Fortune Insight - https://fortuneinsight.com/web/instant-news/5725302/ Quamnet - https://www.quamnet.com/4CZYNbB5FD6NgLhH2MhVI  Infocast - http://www.firstworldsec.com.hk/FirstWorldSec_aspx/viewInfocast4149968& The Standard - https://www.thestandard.com.hk/section-news/256886 am730 - https://www.am730.com.hk/404814 Lion Rock Daily - https://dw-media.tkww.hk/hker/20231012/p03-1012.pdf

Hong Kong Needs to Lay Out a Cryptocurrency Tax Regime

Professor Haitian Lu and Dr Sirui Han from PReCIT of The Hong Kong Polytechnic University discussed adopting cryptocurrency into the tax system  in the letter to the editor of SCMP.   Please refer to below for details:    

PReCIT Scholars on Autonomous Vehicles’ Challenges

Prof. Haitian Lu, a PReCIT Core Member and his team from The Hong Kong Polytechnic University penned an article about data security challenges autonomous vehicles face in Legal Weekly. The full version is available at: http://www.legalweekly.cn/whlh/20230928/8908096  

PolyU Study Shows Gamblers and Their Families Are Weaker at Financial Management

Prof. Eric CHUI, Co-Director of PReCIT and Head of Applied Social Sciences of The Hong Kong Polytechnic University led a research team in partnership with the Zion Social Service Yuk Lai Hin Counselling Centre, to chart emotional costs paid by family members of gambling addicts and call for more education on financial literacy to minimise the risk of gambling on financial management to their generation. Online Coverage:  Oriental Daily News - https://orientaldaily.on.cc/content/ Ming Pao Daily News - https://polyu.me/3PTMYnV