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PolyU Welcomes 2023 Policy Address Initiatives on Education, Innovation and Technology Development

The Hong Kong Polytechnic University (PolyU) welcomes the Chief Executive’s initiatives in the 2023 Policy Address, which outlined a holistic approach for nurturing and attracting talents, fostering innovation and technology (I&T), and investing more resources in the transformation and commercialisation of R&D outcomes. The measures, including the Research, Academic and Industry Sectors One-plus Scheme; increased funding for universities’ technology transfer offices; the New Industrialisation Acceleration Scheme for life and health technologies, AI and data science, advanced manufacturing, and new energy technologies; and the development of an International Hub for Post-secondary Education and the Northern Metropolis, will contribute to high-quality economic development in Hong Kong and enhance its I&T sector and overall competitiveness. The University also welcomes the Government’s plan to double the admission quota of non-local students to Government-funded post-secondary institutions and increase the quota of the Hong Kong PhD Fellowship Scheme. Dr LAM Tai-fai, Council Chairman of PolyU, welcomed and supported the Chief Executive Mr John Lee’s second Policy Address. He said, “While the economy is starting to rebound, Hong Kong is proactively integrating into our country’s development, and participating in national strategies such as the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Belt and Road (B&R) Initiative. The governing beliefs, visions and policy initiatives outlined in the Policy Address aim to make Hong Kong a better place such that its people are able to enjoy an improved living environment, and students are able to receive quality education. The Address also aspires to create a cohesive and caring community, with a vibrant economy where everyone can enjoy life. PolyU will continue to strive for excellence and align its efforts with the proposed policies in order to provide high-quality education and research to benefit Hong Kong and the world. With firm support from the Central People's Government, and under the leadership of the Chief Executive and HKSAR Government, Hong Kong will fully capitalise on the strong support of our country and its close connection to the world to contribute to the rejuvenation of the Chinese nation.” Prof. Jin-Guang TENG, President of PolyU, said, “PolyU is committed to pursuing impactful innovation and interdisciplinary research, and translating research outcomes into real-world solutions to support I&T development in Hong Kong. The University is pleased to see the government’s policy initiatives to propel the development of post-secondary education in the Northern Metropolis, which will help create synergies between industry, academia, and research and strengthen collaboration with Shenzhen and other GBA cities. As one of the top 100 universities worldwide, PolyU supports the development of Hong Kong into an international hub for post-secondary education as proposed in the Policy Address. This will attract more students from B&R countries and the Mainland to study and work in Hong Kong, as well as promote multi-cultural learning experiences. The University will continue to nurture socially responsible talents who possess a strong sense of national identity and a global perspective, and who are ready to embrace opportunities to contribute to the advancement of Hong Kong, the Nation and the world.” PolyU supports the Research, Academic and Industry Sectors One-plus Scheme through collaborating with renowned enterprises to facilitate the transformation of high potential research projects and incubate innovation enterprises to establish their presence in the Greater Bay Area. The University has achieved remarkable success in driving innovation and entrepreneurship. To date, PolyU has trained 7,600 entrepreneurs and nurtured more than 480 startups, including over 60 academic-led startups, four unicorns and 14 ponies. In addition, over the past year, PolyU has signed memorandums of understanding with seven cities in the Mainland and one Mainland university to establish joint technology and innovation research institutes. These institutes aim to translate research outcomes into solutions to address the industrial and societal needs of cities in the Mainland, thereby promoting their development. The PolyU Academy for Interdisciplinary Research (PAIR), which comprises 17 research institutes and research centres, fosters interdisciplinary research, with a focus on advanced technologies and manufacturing, good health and well-being, as well as smart and sustainable cities. PAIR also establishes partnerships with world-renowned scholars to foster knowledge transfer. PolyU is committed to nurturing a new generation of young people who love the Nation and Hong Kong, who are aspirational, have a global perspective and adopt positive values, while enhancing the sense of national identity and appreciation for the richness and beauty of traditional Chinese culture among students. Earlier this year, PolyU established the Research Centre for Chinese History and Culture to promote Chinese culture, strengthen patriotic education and enhance youngsters’ national identity and sense of belonging to the Nation. The University also places emphasis on non-local Service-Learning initiatives and aims to offer all undergraduates with at least one learning experience in the Mainland or overseas in order to broaden their horizons. Actively exploring innovations in education, the University has furthermore established the Institute for Higher Education Research and Development (IHERD) to promote education reform in response to the demand for talents in the age of AI. PolyU’s Policy Research Centre for Innovation and Technology (PReCIT) submitted recommendations for the Policy Address during the public consultation period. These recommendations covered various areas, including the establishment of a supercomputing centre, a university town in the Northern Metropolis, an international education hub, and a central research platform for the validation of Chinese Medicine’s efficacy and safety. Additionally, the recommendations focused on the need to reduce the time between building energy audits and the implementation of energy-saving measures. Press Release: Click here (English Verision) Click here (Chinese Version)

2023年10月25日

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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:

2023年10月24日

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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

2023年10月17日

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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

2023年10月16日

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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

2023年10月16日

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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

2023年10月16日

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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

2023年10月16日

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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

2023年10月11日

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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:    

2023年10月9日

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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  

2023年9月28日

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