HKUST Jockey Club Institute for Advanced Study 2016-2017 HKUST ANNUAL REPORT

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ANNUAL REPORT 2016-2017

Published by the Entrance Public Affairs Office © 2017 Piazza www.ust.hk HKUST’S 5 CORE VALUES

Excellence, Integrity, and Academic Freedom

Global Vision and Local Commitment

Can-do Spirit

Inclusiveness, Diversity, and Respect

1-HKUST THE MISSION OF THE UNIVERSITY

(a) To advance learning and knowledge through teaching and research, particularly i. in science, technology, engineering, management and business studies; and ii. at the postgraduate level; and

(b) To assist in the economic and social development of Hong Kong.

(The Laws of Hong Kong: Chapter 1141)

STATEMENT OF VISION To be a leading University with significant international impact and strong local commitment.

Global To be a world-class university at the cutting edge internationally in all targeted fields of pursuit.

National To contribute to the economic and social development of the nation as a leading university in China.

Local To play a key role, in partnership with government, business, and industry, in the development of Hong Kong as a knowledge-based society. CONTENTS

• 4 • 28 CHAIRMAN’S FOREWORD FACULTY DEVELOPMENT

• 6 • 32 PRESIDENT’S REPORT COMMUNITY ENGAGEMENT

• 12 • 36 EDUCATION DEVELOPMENT INTERNATIONAL AND MAINLAND STRATEGY • 18 RESEARCH DEVELOPMENT • 40 ORGANIZATION AND RESOURCES

• 42 • 50 SCHOOL OF SCIENCE INTERDISCIPLINARY PROGRAMS OFFICE • 44 SCHOOL OF ENGINEERING • 52 HKUST FOK YING TUNG • 46 GRADUATE SCHOOL SCHOOL OF BUSINESS AND MANAGEMENT • 54 HKUST JOCKEY CLUB INSTITUTE • 48 FOR ADVANCED STUDY SCHOOL OF HUMANITIES AND SOCIAL SCIENCE

• 56 • 68 SUSTAINABILITY FACTS AND FIGURES

• 58 • 72 GOVERNANCE APPENDICES – COURT, COUNCIL AND SENATE • 60 AWARDS AND RECOGNITIONS – ADVISORY COMMITTEE – FINANCE • 64 – INTERNAL CONTROL AND RISK MANAGEMENT CALENDAR OF EVENTS

2 HKUST 2016-2017 Annual Report

CHAIRMAN’S FOREWORD

4 HKUST 2016-2017 Annual Report As the knowledge society and research programs in sustainability and recognition. They serve as indication information age rise to ever greater public policy to drive forward HKUST’s that future potential at HKUST prominence in people’s lives, the contribution in these key areas; the embraces an inclusive and inspiring growing role that higher education setting up of the Council’s Knowledge campus and community dynamic that institutions have to play in social and Transfer Committee and the University’s can power ahead advancement in Hong economic development in our fast-paced Knowledge Transfer Advisory Group to Kong and further afield. and rapidly evolving times is now being enhance innovation, entrepreneurship It is an exciting prospect given the recognized at home and overseas, and external engagement; and the international recognition and regard in especially a university with a focus on construction of new buildings and which HKUST is already held. This was science and technology, such as HKUST. facilities to provide an inspirational once again shown by the University’s At the same time, the higher education campus to work, study and live. continuing presence in the upper environment is becoming increasingly Along with strategic direction, the reaches of a host of rankings, including competitive regionally and globally in deepening interactions of universities No.2 in the QS World’s Top 50 the quest for world-class academics and and society and the increasing Universities Under 50 for the fourth students, and the provision of leading complexity entailed in managing higher consecutive year in 2017, No.4 in the QS education, research, and knowledge education institutions make it essential Asian University Rankings 2016, No.13 transfer opportunities. that HKUST’s management structure, in the Global University Employability How a university shapes its response to efficiency, and oversight keep up with Ranking, and No.1 for the seventh time and engagement with such external and the unfolding requirements of a front- in the Financial Times’ Executive MBA sectoral developments is key to running 2lst-century university. With 2016 global table for the joint program determining its ability to shine or slip reference to the recommendations of run with Kellogg School of Management into the shadows. With its vision of the University Grants Committee (UGC)’s at Northwestern University. It was also becoming a leading university with “Governance in UGC-funded Higher clear in the enthusiastic participation of significant international impact and Education Institutions in Hong Kong” top international academics, community strong local commitment, HKUST is report (“Newby Report”), the Council leaders, and alumni located around the keenly aware it cannot sit still. The continued to promote its governance world in HKUST’s 25th Anniversary University must proactively seek to framework through the efforts of the events, which concluded during build on the remarkable foundations Task Force to review Council the year. laid down in its first 25 years to effectiveness. Such undertakings I warmly thank my fellow Council optimize the opportunities, solve the included reviews of the Terms of Members, the Senior Administration and challenges, and continue to play a Reference as well as the scope of other HKUST stakeholders, including pioneering role in today’s academic and responsibilities of a number of Council the Hong Kong SAR Government, wider world. These goals were clearly Committees. In addition, I was delighted donors, alumni, and students, for their illustrated with the launch of its that the Council was able to shed contribution over the past 12 months. perceptive five-year Strategic Plan 2020 greater light on its Members’ duties With the powerful distillation of the in 2016-17, which guides HKUST’s among the HKUST community through University’s characteristic drive and direction in the short and medium term a forum on governance and discussion far-sightedness in the new Strategic while creating the platform for the with staff, students, and alumni. Plan, enhancement of the governance University to extend its excellence and Both Strategic Plan and governance process, this institution’s established ascend further over the long term. endeavors in their different ways offer global renown, and the tremendous Numerous moves took place during the significant impetus for capacity building dedication of all its members, I look year in line with the Strategic Plan’s and highlight the commitment to forward with optimism and anticipation overall goal to position HKUST to meet excellence and determination to achieve to HKUST’s on-going outstanding the needs of society as well as set the that lies at the core of HKUST. They contribution in academia and trends in its fundamental roles of build the framework that puts the far beyond. educator and knowledge discoverer. University on track for that additional They encompassed, among others, the step up to the next level of global strengthening of education and institutional achievement and Chairman, University Council MR ANDREW LIAO CHEUNG-SING, GBS, SC, JP

5 PRESIDENT’S REPORT

6 HKUST 2016-2017 Annual Report In 2016-17, I was happy to see the The University’s championing of an Award, a Croucher Innovation Award, collective spirit of the University all-round student experience led to a and a place in MIT Technology Review’s community in full swing as we launched range of horizon-widening action Top 10 Innovators Under 35 in Asia. To our Strategic Plan 2020 to keep HKUST over 2016-17. We broadened keep the University’s research at the academic, research and internationalization options through infrastructure at the leading edge, we institutional forefront. Along with this, greater flexibility, offering summer term completed a review of our 13 research we strengthened knowledge transfer exchange-out programs at Ivy League institutes and over 50 research centers and entrepreneurship activities to drive and Oxbridge institutions as well as to ensure approaches keep pace with innovative business and social trends in eye-opening destinations in Belt and needs in a period of swiftly moving Hong Kong and globally. We also Road countries. Meanwhile, to give early developments across academia. In expanded our local, national and career exposure and assist students in addition, we established a Mainland overseas presence to ensure HKUST’s identifying their individual interests and Operations Policy Committee to standing and contribution in an era of passion, the University’s signature coordinate management and change in higher education. All in all, Undergraduate Research Opportunities oversight of the University’s various it has proved a significant year for Program delivered academic research Mainland platforms. future growth. project and lab culture exposure to over Demonstrating our drive to extend 400 students under the guidance of 120 HKUST’s knowledge transfer impact, faculty members; and more than 60 TEACHING AND LEARNING the University submitted over 100 participants and over 20 corporate FOR TODAY AND applications to the Innovation and partners took part in our HeadStart@ Technology Fund, with 43 projects TOMORROW HKUST workplace internship and receiving total funding of more than In line with our Strategic Plan’s vision of mentorship program for first and $170 million, up $60 million from last a transformative education that looks second-year students. beyond traditional disciplines and year. The University took steps to propel new knowledge from campus to the pedagogies, we forged ahead with RESEARCH EXCELLENCE internal restructuring and innovative community, with the Office of program provision in our five targeted AND KNOWLEDGE Knowledge Transfer and the areas of focus: data science, TRANSFER Entrepreneurship Center becoming sustainability, public policy, autonomous On the research front, funding bodies independent entities, and the revision of systems & robotics, and design thinking and organizations inside and outside HKUST’s intellectual property policy. & entrepreneurship. Hong Kong provided more than $560 The year also brought the soft launch of million to support our work. Over 200 the Knowledge Transfer Hub, which Over the year, this saw the new projects received funding from the links up all our related units and offers establishment of the Division of Public Research Grants Council and HKUST timely updates for collaborators and Policy and the renaming and achieved the highest success rate the public. broadening of the remit of the Division among institutions in the competitive of Environment to the Division of To invigorate the University’s innovation General Research Fund (47%) and Early Environment and Sustainability. ecosystem, the U*STAR Fund and Yeung Career Scheme (71%). This included Following the formation of the Big Data Wing Yee Entrepreneurs Fund got $83.2 million for an Areas of Excellence Institute the previous year, in 2016-17 underway, spurring entrepreneurial neuroscience project and $36 million we started an MSc in Big Data for a HKUST-led Theme-Based Research Technology and opened a bachelor Scheme pollution-linked study. Other degree in Quantitative Social Analysis, major recognitions for faculty’s research the first of their kind in Hong Kong and excellence included a State Natural the region respectively. As part of our Science Award (Second Class), an enterprising pedagogical endeavors, the inaugural National Innovation Pioneer University offered 29 Massive Open Online Courses (MOOCs) which bring HKUST education to learners worldwide and attracted over one million registrations, in addition to the expansion of the number and variety of courses and programs embracing experiential learning to foster design thinking and encourage practical application of knowledge and skills.

7 development of University technologies collaborations in countries within the In an inclusive move, we established a and research, and supporting early- One Belt, One Road footprint. HKUST DiversAbility Team under the Student stage student start-ups, respectively. also participated in major global forums Affairs Office to widen support for those Student know-how and networks were exploring future trends and issues, with special educational needs; and we further amplified by participation in including the 11th Annual Meeting of planned our First-Year Experience@ major University-related innovation the New Champions in Dalian and the Residence Program, which is set to events, including the 7th HKUST One World Economic Forum Annual Meeting launch in 2017-18, to ease the often Million Dollar Entrepreneurship in Davos, Switzerland. While attending daunting transition from high school Competition, Hackathon@HKUST, and the Forum, I was pleased to join the to university. Entrepreneurship Week@HKUST. Global University Leaders Forum again, which brought together over 25 elite LOOKING BACK, LOCAL, REGIONAL AND research university heads. LOOKING FORWARD GLOBAL FRONT-RUNNER Along with all such achievements, the The scope of HKUST leadership vision ENHANCING THE QUALITY year brought the final events of our encompasses our contributive role to OF CAMPUS LIFE successful 25th Anniversary program. the wider society, including advocacy for As always, I am deeply grateful for the These joyful occasions incorporated science, technology, engineering and Hong Kong community’s on-going the publication of our commemorative mathematics (STEM) education at support for HKUST’s advancement book and overseas gatherings in primary and secondary school levels. through donations that expedite Beijing and Singapore, enabling our Thus, in July 2016, the University was University undertakings to attract top alumni in different locations to join in. delighted to host the 57th International faculty and students, and sustain Earlier reunions had taken place in Mathematical Olympiad, which drew cutting-edge research and campus London and San Francisco which, over 600 secondary school contestants facilities. This year, I would like to pay a along with a major event in Hong Kong, from 109 countries and regions. This special tribute to the contributors to our made the anniversary a truly was followed in November 2016 by the 25th Anniversary Global Vision worldwide celebration. official opening of the 350-member campaign. Overall, this drive raised a In this busy and fruitful year, I would HKUST Academy for Bright Future remarkable $1 billion, which will be like to thank students, faculty, Young Engineers, which gives our invaluable for the University’s future. alumni, staff, Court and Council engineering students an on-going Among the initiatives supported through Members for their commitment and opportunity to enthuse Hong Kong’s such giving was the HKUST Named accomplishments. I wish to commend next generation about the potential Professorship Program, which assists our community supporters, who enable of technology. the University in recruiting and us to press ahead with our development Looking ahead to the rising influence of retaining key faculty talents and saw vision. And I look forward to the the Asian higher education sector, we the total number of such prestigious University striding into the future with took the lead in becoming the only Hong professorships rise to 39, just five years the direction and momentum to shape Kong founding member in the after the program started. Campus the next generation of thoughtful 15-member Asian Universities Alliance, development also received a innovators, bold entrepreneurs and and joined the Innovation and tremendous boost, enabling the open-minded citizens, generate the Entrepreneurship Education Alliance of University to plan and take forward an research breakthroughs and solutions China, both set up by Tsinghua array of buildings to enhance our to global challenges, and inspire a world University. HKUST delegations engaged student experience and community of positive difference. in successful visits to Japan, Singapore interaction. Over the year, construction and Australia over the year to foster of the new Indoor Sports Center and relationships and raise our profile while Water Sports Center moved ahead. In President my visit to Iran and the United Arab addition, more students will now gain PROF TONY F CHAN, JP Emirates as part of a high-level Hong the hugely important chance to try Kong delegation opened up potential hostel life with the opening of the institutional relationships and research HKUST Jockey Club Hall undergraduate hostel in Tseung Kwan O.

8 HKUST 2016-2017 Annual Report

10 HKUST 2016-2017 Annual Report Back Row (from left) Mr Mark Hodgson, Prof Nancy Ip, Dr Eden Y Woon, Vice-President for Administration Vice-President for Research and Vice-President for Institutional and Business; Graduate Studies; Advancement

Front Row (from left) Prof Wei Shyy, Prof Tony F Chan, Executive Vice-President and Provost; President

11 EDUCATION DEVELOPMENT

Programs to enhance diversity, student life and the campus community, together with a host of activities to unleash innovative and entrepreneurial potential highlighted an inspiring 2016-17

UNDERGRADUATE EDUCATION Leading Programs programs. The Division of Public Policy offer MOOCs to alumni on the HKMOOC The Division of Social Science launched was established under IPO, to reaffirm platform was launched in Summer 2016 an interdisciplinary major in that the University is keen to play a with over 1,000 alumni signing up for Quantitative Social Analysis, with the pivotal role in championing public the three courses offered. first intake starting in Fall 2017. The policy research and education. bachelor program will be the only Extending Internationalization The number and variety of courses and undergraduate degree in the region that To further diversify and internationalize programs embracing experiential trains students in both the management the campus community, HKUST is learning expanded in 2016-17. Credit- and quantitative analysis of social data leveraging a University Grants bearing courses and non-credit co- and informed design of analysis and Committee pilot scheme to increase the curricular programs involving hands-on interpretation of results. non-local intake toward 25%. learning included the revamped first- In addition, the School of Engineering year airship design course, a new Students can also broaden their and University of Exeter, UK, launched a electric vehicle course, and the exposure to other cultural and social collaborating agreement that enables RoboMasters robotics competition. environments through HKUST’s HKUST engineering students to signature exchange program. This As of June 2017, HKUST offered 29 complete a BEng or BSc in the School of allows students to undertake studies Massive Open Online Courses (MOOCs) Engineering and a LLM or JD law for one academic term or more at on the global Coursera and edX degree in just five years. institutions in the University’s platforms. Over one million learners worldwide network of exchange To fully recognize the importance of and were registered for the HKUST courses. partners. In 2016-17, 913 students to further the development of The “Introduction to Java Programming studied overseas on exchange at sustainable education and research in – Part 1” MOOC was recognized among renowned academic institutions around the University’s goals, the Division of the Top 10 Most Popular courses on edX the world. Environment under the Interdisciplinary in 2016 and the “Full Stack Web Programs Office (IPO) was renamed the Development” among the Top 10 In 2016-17, HKUST also partnered with Division of Environment and Computer Science specializations on other universities to offer credit-bearing Sustainability. It offers both Coursera in 2016. A pilot program to study abroad programs in the summer undergraduate and postgraduate

12 HKUST 2016-2017 Annual Report “Over 1,000,000 learners registered for the HKUST MOOCs courses”

term, with 282 students participating in city-wide competitive scholarships, Summer 2017. Destinations included HKUST received eight out of total of London School of Economics and 25 awards in the Innovation and Political Science, Oxford University, Technology Scholarship Award Scheme Cambridge University, Princeton and three out of 10 awardees in the University, Stanford University, UCLA Hong Kong government’s Targeted and UC Berkeley. In addition, HKUST Scholarship Scheme. ran a pilot to encourage students to study abroad at Belt and Road Boosting Campus Integration destinations. New overseas summer The University encourages student- study abroad destinations included initiated activities via a range of Universiti Brunei Darussalam (Brunei), schemes, including the President’s Tallinn University (Estonia), Jagiellonian 1-HKUST Student Life Award (46 University (Poland), National Chengchi projects), Student Enrichment Activities University (Taiwan) and Singapore Fund (57 projects) and the Graduate Management University (Singapore). Student Life Fund (15 projects). Activities included Humans of HKUST, Celebrating Achievements which encourages student sharing on Scholarships at HKUST honor academic their different backgrounds and and non-academic merits, encouraging experiences, and Hackathon@HKUST, students to excel in different activities. the largest student-driven event of its In 2016-17, over 1,640 undergraduate kind in Asia that attracted over 600 students were awarded 2,050 local and overseas participants. scholarships recognizing a diverse The Student Affairs Office piloted the range of capabilities and achievements. English-based Exploring China – Pearl Around 24% of undergraduate students River Delta Trip for non-Chinese gained more than one scholarship. In speaking students. The program

13 brought together HKUST and 12 service learning trips to POSTGRADUATE undergraduates and postgraduates from Mainland China, Cambodia, Indonesia EDUCATION Hong Kong, Czech Republic, Greece, and the US. HKUST Service Learning The postgraduate student body Indonesia, Italy, Japan, the US and the Day recruited over 900 students, faculty reached a record high of 4,874 as of UK, providing a useful platform for members, staff and alumni to serve in 31 December 2016, marking an cultural exchange between local and 52 service projects in April 2017. increase of more than 5% compared overseas students as well as first-hand The REDbird Award Program provides with the previous year. Among the experience of Mainland China. leadership training for students. Over 1,935 students enrolled on 51 research HKUST halls of residence offer a range the year, the program recruited 110 postgraduate programs and 2,939 of programs to assist students in settling members and 10 student leaders to students enrolled in 37 taught into their lives on campus as well as mix work on projects for the University and postgraduate programs, over 70% with their fellow residents. These local community while one member were non-locals holding citizenship in include the Hall Language Buddy received financial sponsorship from the 60 different countries and regions. Program to enhance exchange among REDbird Overseas Service Learning students from different cultures; eco- Program. A total of four REDbird gold, Forward Planning and Innovative awareness and skill-building; and 11 silver and 56 bronze awards were Programs personal development. A First-Year presented in recognition of students’ In December 2016, the University Experience@Residence Program was dedication and leadership capabilities. Senate approved a Strategic also developed over the year for Framework for Taught Postgraduate introduction in 2017-18 to help students Providing Early Experience of Education, covering medium to long- adapt to University life and fully engage Potential Careers term positioning and development. in the activities available in their HKUST undergraduates have the In line with the University’s focus on residential halls. chance to gain valuable insights and data science as one strategic area experience into potential career of research, an MSc program in Big In 2016-17, the University established a pathways in academic research and Data Technology was introduced in DiversAbility Team to enhance support other job sectors through its popular 2016-17, with an enrolment of close to for students with special educational Undergraduate Research Opportunities 100 students. needs (SEN). The team will broaden Program (UROP) and HeadStart@ services in relation to diversity, HKUST Program. In its eleventh year, diverse-ability, integration and UROP engaged over 400 students in equal opportunities. formal academic research projects Building a Spirit of Community under the supervision of 120 faculty, Service assisting undergraduates to identify their areas of research interest across Service learning is an integral part of disciplines and gain exposure to students’ education at HKUST. In 2016- research lab culture and expectations. 17, community engagement platform HeadStart, a more recent initiative, HKUST Connect collaborated with 65 provides first and second-year students community partners to provide service with early workplace immersion and opportunities and engaged 2,314 career development through internship students in 153 service projects. These and mentorship. activities included one local work camp

14 HKUST 2016-2017 Annual Report “Postgraduate intake reached a record high of 4,874”

15 HKUST’s internationalization initiative has paid off. The annual research postgraduate intake increased from 584 with 30 nationalities in 2014-15 to 629 with 32 nationalities in 2016-17, in particular outside of Asia. Research postgraduate students are also encouraged to present papers at international academic conferences supported either through the University’s Research Travel Grant or by making use of the Hong Kong PhD The Division of Public Policy will launch All-Round Learning Fellowship Scheme’s Conference Travel MPhil and PhD programs in Public HKUST seeks to provide a total Grant. In addition, some 50 research Policy in Fall 2017. The Division will learning experience for its research postgraduates benefited from the foster synergistic collaboration with the postgraduate students to shape them as University’s Overseas Research Award Institute for Public Policy to support not future leaders in their fields. Following in 2016-17. The funding facilitates only the development of regular the initial launch of a Professional visits of between two to six months to academic framework, but also the Development Course in 2013-14 to an overseas host institution to establishment of targeted research cultivate such all-round capabilities, undertake research. agenda to involve faculty, external in June 2017 the University Senate scholars, and policy practitioners in approved that a uniform Professional conducting impactful policy research Development Course requirement and evaluation. Minor programs and be introduced for all research common core courses will also be postgraduates admitted from 2017- offered as the Division builds capacity. 18 onward. The course comprises International collaborations yield completion of a mandatory component important benefits to postgraduate on professional conduct and a choice of students in terms of training and activities/workshops on communication research opportunities, cultural skills, research competency, perspectives, and teamwork and entrepreneurship, self-management and leadership skills required for career development. multinational research projects. In 2016-17, the University entered into agreements with China Academy of Art, École Polytechnique Fédérale de Lausanne, University of Sussex, and University of Waterloo to offer dual degree postgraduate programs in various disciplines.

16 HKUST 2016-2017 Annual Report Education Development

Scholarship Success Story Over 300 scholarships were awarded to 290 postgraduates in 2016-17. The total amount of scholarships granted to The Joint University Student Training in In June 2017, seven HKUST students postgraduate and undergraduate Entrepreneurship Program (STEP) Pitch become First Runners-Up in the open students over the year rose to $75.22 Day competition saw three HKUST competition of the Microsoft Imagine million, an increase of 9% compared student teams win the top three prizes. Cup 2017. Microsoft’s global technology with 2015-16. The event was organized by CoCoon, competition gives students worldwide a leading entrepreneurship network the opportunity to showcase their In external awards, HKUST continued based in Hong Kong. HKUST students creativity and skills in creating novel its success in the Hong Kong PhD also received three top prizes at the applications and games. Fellowship Scheme (HKPFS), a two-day FinTech Hackathon, run by prestigious city-wide international HKUST’s 7th Annual One Million Dollar Deloitte Digital. The hackathon scholarship program offered by the Entrepreneurship Competition attracted challenged developers, designers and Hong Kong Research Grants Council to close to 90 teams to the Hong Kong entrepreneurs to develop prototypes for draw the best and brightest doctoral contest, including many HKUST faculty, real FinTech solutions for millennials. students from around the world to the staff, students and alumni. In the Hong Over 20 HKUST students participated city’s universities. In 2016-17, HKUST Kong final in June 2017, the President in the APAC Innovation 2016 Series – recruited the largest number of Award and the Elevator Pitch Award The Elevator World Tour Hong Kong, awardees for the sixth year in a row. Of went to the Maxustech team for its organized by Hong Kong Science and the total 231 HKPFS awards for 2017- smart tech approach to controlling Technology Parks Corp at Sky100, 18 admission, the University secured 64 home devices to provide more natural International Commerce Center. awardees, representing close to 28% of human-computer interaction. Judges An HKUST MBA start-up won the the total. These distinguished students comprised leading executives, pitching championship. The event come from 22 countries and regions, professional investors and attracted 100 start-ups, encouraging contributing significantly to the entrepreneurial academics. Other networking and exchange of ideas in ethnic diversity of the research regional contests were held in Macau, addition to participation in the elevator student community. Beijing, Guangzhou and Shenzhen, with pitch contest. Two HKUST start-up the grand final taking place at the teams also joined the Cyberport HKUST Fok Ying Tung Research INNOVATION AND University Partnership Programme, Institute in Nansha, Guangzhou, in ENTREPRENEURSHIP which included a 10-day trip to Silicon August 2017. HKUST students successfully engaged in Valley as well as a Demo Day pitching numerous entrepreneurship and event in Hong Kong. At the latter innovation events and activities over activity, the HKUST teams received 2016-17. $200,000 for their start-up ideas.

17 RESEARCH DEVELOPMENT

The University’s research teams generated novel insights and solutions and spurred innovations to improve our future

The year was a highly productive one The largest of these RGC-funded projects HKUST researchers submitted 111 for researchers at HKUST, with funding was a $83.2 million Areas of Excellence applications to the Innovation and secured for more than 200 new project. The research seeks to identify Technology Fund (ITF) in 2016-17. projects, including a major Areas of the fundamental cellular mechanisms Forty-three projects received funding Excellence grant, and a series of underlying learning and memory and totaling $173.5 million, up from $112 initiatives to boost and streamline reveal more about cognitive dysfunction million the previous year. The growing knowledge transfer and in neurodegenerative diseases. Funding amount of ITF funding signifies the entrepreneurship. of $36 million was awarded to a substantial commitment of the private HKUST-led proposal submitted to the sector to working with HKUST FUNDING THE Theme-based Research Scheme. The researchers on knowledge generation. project combines the expertise of nine WORLD OF DISCOVERY In another notable recognition, Prof institutions in Hong Kong, Mainland HKUST researchers seek external Danny Leung, Division of Life Science, China and overseas countries in research funding to support the received a Croucher Innovation Award, examining the effects of pollution-linked University’s quest for discovery and which supports the internationally eutrophication and hypoxia in and innovation. In 2016-17, HKUST competitive research of exceptional around Hong Kong waters to inform a researchers received more than $560 young scientists. Prof Leung was scientific strategy to protect and million for their work from funding awarded $5 million for his work on preserve the marine environment in bodies including the Hong Kong epigenetic control of non-coding DNA Hong Kong. Research Grants Council (RGC), sequences in cancer. government and government-related The University was awarded a total of organizations, Hong Kong private funds, $27.5 million for five projects under the Mainland and International and non-Hong Kong sources. Collaborative Research Fund, including Projects and Collaborations funding for a deep reactive ion etching Non-Hong Kong funding provided Local Projects system for nanosystem fabrication as $67.4 million for 104 HKUST research The University was awarded funding for well as a platform for measuring the projects over 2016-17. Mainland 217 new projects from the RGC, with a physical properties of quantum materials. Chinese sponsors accounted for the total value of $189.6 million. HKUST The funding will also enable the study of majority of this funding, with again achieved the highest success rate topological phases in condensed matter contributions from the European among all eligible institutions in the and cold atoms systems, surface Research Council and sponsors in competitive General Research Fund treatments for cooling buildings, and a Taiwan, South Korea, Saudi Arabia, (47%) and Early Career Scheme (71%) panel study of community and the US, among others. over the past academic year. population aging in Hong Kong.

18 HKUST 2016-2017 Annual Report $ $ $

“More than $560 million of research funding received in 2016-17”

The University’s Mainland China On the collaborative front, HKUST keep pace with rapid developments in platforms attracted a combined total hosted the ASPIRE Forum in July 2016. science and technology and the evolving of 34.7 million RMB for 46 research The five-member ASPIRE group needs of our research infrastructure, projects from the National Natural comprises HKUST, Korea Advanced the University’s policy – “Policy on the Science Foundation, Ministry of Science Institute of Science and Technology, Establishment, Management, Reporting and Technology, Guangdong Provincial Nanyang Technological University, Tokyo and Review of Research Institutes and Department of Science and Technology, Institute of Technology and Tsinghua Centers” – was reviewed and approved the Science and Technology Innovation University and seeks to encourage in February 2017. Recommendations Committees of Guangzhou and research collaboration and student include measures to encourage Shenzhen, and Nansha Science and exchange and summer camp interdisciplinary engagement among Information Technology Bureau, opportunities. The theme in 2016 faculty and simultaneously maintain an among others. was “Developing Sustainable efficient management and effective Urban Environment and Low oversight of research units. To add to organizational efficiency, Carbon Economy”. the establishment of the Mainland The Animal and Plant Care Facility Operations Policy Committee was (APCF) also received approval for approved in March 2017 to provide ENHANCEMENT OF expansion to meet the increased oversight for policies and operations RESEARCH scope for more animal-related related to the University’s Mainland INFRASTRUCTURE research by science and engineering platforms. The new committee combines Research institutes, research centers faculty. The expansion will not only the functions of the former Mainland and central research facilities are an provide a larger and better equipped R&D Committee and Administrative important and integral part of the facility but also establish the HKUST Policy Committee. University’s research enterprise. To APCF as a world-class facility with accreditation from recognized animal lab certification bodies.

19 “43 projects received $173.5 million of funding from the Innovation and Technology Fund”

POWERING FORWARD seminars, workshops, and training FOSTERING INDUSTRY KNOWLEDGE TRANSFER camps that can help HKUST’s potential INNOVATION AND entrepreneurs learn the needed Moving HKUST discoveries into the skill sets. TECHNOLOGY START-UPS business and community sectors The HKUST-MIT Research Alliance through knowledge transfers is an The HKUST Council set up the Consortium helps to build the network important way that the University drives Knowledge Transfer Committee to and mechanisms required for R&D forward economic and social innovation. advise the Council on how the collaboration between world-class During 2016-17, HKUST strengthened University formulates its knowledge universities and technology companies the management of its knowledge transfer policies and strategies and to through industry-driven pre-competitive transfer activities and impact through oversee the implementation and research. Clusters currently focus on administrative restructuring and the promotion of related University Internet of Things for intelligent setting up of a new knowledge transfer activities. During the year under review, buildings and transportation, data committee and a new knowledge the Committee gave advice on the transfer advisory group. revision of HKUST’s intellectual property policy, subsequently approved The Office of Knowledge Transfer and by the Council in May 2017, and on Entrepreneurship Center became developing the University’s knowledge independent offices in August 2016. transfer mission and vision. The Office of Knowledge Transfer is headed by the Associate Vice-President In addition, the Knowledge Transfer for Knowledge Transfer cum Dean of Advisory Group held its first meeting in Fok Ying Tung Graduate School, February 2017. Comprising members overseeing the University’s technology from the business sector, NGOs, and the transfer, commercialization and University, the group advises University entrepreneurship efforts and assumes management on advancing its overall responsibility for the Technology knowledge transfer endeavors, and Transfer Center, HKUST R and D facilitates and elevates HKUST’s Corporation and Entrepreneurship external engagement and knowledge Center. The Entrepreneurship Center transfer impact. organizes entrepreneurship programs and activities while working closely with the Center for Education Innovation to link credit-bearing courses with

20 HKUST 2016-2017 Annual Report Research Development

science and e-learning and advanced funded start-ups to 29. Data related to ENERGIZING manufacturing. Over the year under the scheme showed that among the 29 ENTREPRENEURSHIP AND review, the Consortium received a total start-ups, 60% of the University’s of six new proposals from the advanced fledgling businesses utilize HKUST COMMUNITY LINKS manufacturing cluster from local technology, 60% have obtained external The soft launch of the Knowledge universities and MIT. Three highly funding, some 80% of the start-ups now Transfer Hub took place in April 2017. recommended proposals were had a ready-to-roll product or prototype The hub is a one-stop information submitted to the Innovation and while 70% were engaged in incubation platform that links up all the University’s Technology Commission. Six projects programs at Cyberport, HKSTP, among knowledge transfer units. Its goal is from the Internet of Things and data others. TSSSU, launched in 2014 by the to provide user-friendly access and science e-learning clusters with a total Innovation and Technology Commission, timely updates on HKUST knowledge ITF funding of $52 million were provides annual funding of up to transfer activities and research output approved in 2016-17. $4 million to six local universities every for industrial collaborators and year to support students and faculties’ the community. HKUST established a strategic technology start-ups. alliance with Hong Kong Science and To promote HKUST start-ups and Technology Parks Corporation (HKSTP) Internally, HKUST offers next-stage connect them to the investment to enhance development cycle support development for start-ups through its community and potential business for technology start-ups. Joint Proof-of-Concept Fund and two partnerships, Start-ups X Investors entrepreneurship incubation programs new acceleration programs: was held on campus for the first have been designed and are due to The U*STAR Fund, which encourages time in November 2016, and HKUST move forward. The University will entrepreneurial technology transfer of Technopreneur Outreach Day was seek to build similar relationships with University technologies and research organized in May 2017, drawing other incubation and acceleration output; and the Yeung Wing Yee almost 500 investors, HKUST start-ups organizations and companies. Entrepreneurs Fund, which supports and students. early-stage start-ups conceived by Ten HKUST start-ups received funding HKUST students. Further efforts are through the Technology Start-up underway to encourage more private Support Scheme for Universities funding support for student (TSSSU) Program in 2016-17 and entrepreneurship initiatives. increased the total number of the

21 RESEARCH HIGHLIGHTS

Fast forwarding the world of tomorrow through breakthroughs and new technologies

Elastic Metamaterial with Seismic Potential Prof Ping Sheng (Physics) and his research team created an elastic metamaterial that is a composite of three solid materials. By harnessing anisotropic resonances inherent to the Fresh Perspectives on composite structure, the metamaterial can filter transverse waves within a Search for Cellular Neuropsychiatric Disorders A breakthrough by a research team led certain range of frequencies. As Mechanisms in Learning by Prof Mingjie Zhang (Life Science) transverse waves can lead to destructive and Memory provided mechanistic insights into the horizontal shaking during earthquakes, A multidisciplinary team led by Prof causes that lead to neuropsychiatric this filtering property may provide an Nancy Ip (Life Science) has secured disorders, such as autism, intellectual alternative earthquake-proofing funding of $83.2 million under the disorders and schizophrenia. Studies of solution. The research was published in Research Grants Council’s Areas of the formation of the SynGAP/PSD-95 Nature Communications. Excellence Scheme for an initiative complex led to the unexpected finding entitled “Cellular mechanisms of that sees phase transition, a synaptic functions and plasticity in fundamental physics phenomenon, health and neurodegenerative place different functional units at diseases”. The team will examine the specific cellular locations in living signaling and cellular mechanisms neurons. Their work also provides fresh governing neuron-neuron and glial- perspectives on why genetic mutations neuron communication, which modulate that alter the interactions of proteins synaptic functions and network can contribute to a spectrum of central connectivity as well as learning and nervous system diseases that currently memory. The project seeks to lay crucial have no treatments. The research groundwork for delineating the findings appeared in Cell. mechanisms underlying learning and memory, and implicating key pathways and molecular players involved in cognitive dysfunction in neurodegenerative diseases such as Alzheimer’s disease.

22 HKUST 2016-2017 Annual Report Moving Forward on Quantum Communication Ocean Circulation, Quantifying Hydrophobic A large-scale atom-photon quantum network is still at the embryonic stage, Ecosystem and Hypoxia Interactions limited by the interaction efficiency around Hong Kong Waters Hydrophobic interactions are a major between atomic quantum nodes and Prof Jianping Gan (Mathematics, type of intermolecular force that plays flying single photons. To interact with Environment and Sustainability) is a vital role in many fundamental atoms efficiently, the photons must have leading a Theme-based Research processes in chemistry and a bandwidth narrower than the atomic Scheme “Diagnosis and prognosis of physics. Such interactions are intriguing natural linewidth. In a world best, Prof intensifying eutrophication, hypoxia as they exhibit a property called Shengwang Du (Physics) and his group and the ecosystem consequences cooperativity, which does not exist in produced 2-MHz-linewidth biphotons around Hong Kong waters: coupled other fundamental intermolecular from a Doppler-broadened (530 MHz) physical-biogeochemical-pollution forces, such as dipole-dipole hot atomic vapor cell. The process is studies”, which is funded $40 million by interactions and Van der Waals forces. also simpler and costs less than the Research Grants Council from 2017- To quantify hydrophobic interactions, traditional cold atom system, bringing 2021. This project investigates Prof Xuhui Huang (Chemistry) and his hope of further advancement for holistically the coupled physical- collaborators carried out real-time quantum communication and quantum biological-chemical processes in the monitoring of hydrophobic aggregation information processing. interactive River-Estuary-Shelf system in bulk solution at the microsecond time around Hong Kong waters through in scale by probing the fluorescence situ field measurement, laboratory induced by hydrophobic aggregation experiment and advanced numerical and then fitting the measured simulation. Their ultimate goal is to fluorescence to kinetics nucleation- identify the factors driving the growth theory. The researchers increasing eutrophication and hypoxia, discovered that cooperativity constitutes and to provide analytical tools and a up to 40% of free energy formation in scientifically-based strategy for aggregation. The work was published in stabilizing or even reversing Nature Communications. eutrophication and hypoxia and for ensuring the overall sustainability of the marine environment in Hong Kong.

23 Sound Advance Smart Green Wall Panels in Hearing Aids Prof Richard So (Industrial Engineering More than 30% of electricity and Logistics Management) and his consumption in the residential and student developed a cost-effective commercial sectors is used for intelligent hearing aid, which allows Fueling Energy Efficiency “conditioned space” (the area lived in or users to selectively reduce annoying used) in many countries and areas, in Commercial Buildings background noise. The technology has including Hong Kong. A research team A joint HKUST-MIT project, led by Prof the potential to reduce the cost of led by Prof Christopher Chao Yi-Kuen Lee (Mechanical and Aerospace similar products to one-tenth of their (Mechanical and Aerospace Engineering), received $10 million prices. The novel audio technology Engineering) and departmental faculty funding through the Innovation and promises to improve life for the elderly members was awarded a Collaborative Technology Support Programme to and the hearing-impaired, and enhance Research Fund grant of $6.18 million conduct collaborative research to the audio quality of hearing protection from the Research Grants Council, develop key internet of things equipment and communication devices, together with equipment matching of technologies, techniques and tools for such as mobile phones and walkie- $1.15 million from the University, for a energy-efficient buildings with a low talkies, as well as the accuracy of voice three-year project that aims to design carbon footprint. The team will recognition devices. and develop smart green wall panels. integrate smart sensors, actuators and The panels will combine a plasmonic artificial intelligence algorithms to structured passive radiative cooler and develop a smart heating, ventilation and a superhydrophobic-based vanadium air-conditioning (HVAC) control system oxide thermochromic smart window to to significantly reduce energy save energy, enhance health and consumption in commercial buildings. comfort, and create more eco-friendly The team is also working with HKUST’s built environments. Facilities Management Office to develop a working prototype of the proposed system at the University.

24 HKUST 2016-2017 Annual Report Research Highlights

Giving Elderly Easier Way to Bathe Prof Neville Lee (Industrial Engineering and Logistics Management) and two Informing Chinese Philosophy, departmental alumni created a “Sit & Shower” automated bathing chair with Targeted Tumor German Thought dual shower and toileting functions. The Interventions Prof Eric Nelson (Humanities) design allows seniors to bathe safely Prof Jiguang Wang (Life Science and completed a book on Chinese and and comfortably in a sitting position, Biomedical Engineering) developed an Buddhist Philosophy in Early Twentieth- while full automation makes the chair evolutionary model to study the Century German Thought (Bloomsbury straightforward to clean and dry and spatiotemporal genomic architecture in Press). The work presents a life much easier for caregivers. It is brain tumors. The work demonstrates comprehensive portrayal of the equipped with angled water jets to that evolutionary inference from reception to and interpretation of avoid splashing and an internal integrated genomic analysis of Chinese and Buddhist philosophy among thermometer that ensures the water multisector biopsies can inform targeted German thinkers at the start of the never gets too hot. In addition, the therapeutic interventions for patients 20th century. It also examines the bathing chair can be installed in most with glioblastoma. The findings were implications for contemporary issues in existing bathrooms without the need for published in Nature Genetics. comparative and intercultural modifications or removal of existing philosophy, reflecting the growing fittings. An optional shower chair makes interest in the possibility of global getting in and out easy for seniors and Politics of Privatization philosophy. the mobility impaired. China’s economic transformation is looked at in a new light in a book by Prof Yimin Lin (Social Science). Dancing with the Devil: The Political Economy of Privatization in China (Oxford University Press) analyzes how the Communist Party’s concern with regime survival led to the unintended consequence of creeping, and then much larger-scale privatization of state-owned enterprises, developing a dialogue between country-specific explanations and broader theories of institutional change.

25 The Bright Side of Over-Optimism Human estimation and inference are subject to systematic biases, such as overconfidence and over-optimism. In contrast to prior research that has Impact of Gender Team Crises and Creativity identified multiple negative in Online Hiring Prof Gong Yaping (Management) and his consequences of these biases, Prof Prof Wang Jing (Information Systems, researchers departed from the Charles Hsu (Accounting) and his Business Statistics and Operations dominant focus of what benefits researchers focused on positive effects. Management) and her coauthor creativity to examine an often They empirically showed that over- investigated the impact of gender-based negatively viewed occurrence: team optimism was a related but different stereotypes on hiring outcomes in online crisis. They posit that in R&D teams, a bias from overconfidence, which could labor marketplaces. By employing a crisis can benefit creativity through emerge dynamically in a rational quasi-experimental technique on data stimulating employees’ engagement in economic framework and generate from a leading online labor platform in the creative process (for example, higher managerial effort. Importantly, the US, they found evidence of a positive problem identification and solution this additional effort was found to hiring bias in favor of female workers. generation) when transformational improve a firm’s profitability and The observed bias stems from the leadership is high. The study represents market value. The research was consideration of applicants from a theoretical breakthrough in published in the Journal of Accounting developing countries, and diminishes as developing the concept of team crisis and Economics. employers gain more hiring experience and revealing when and how it benefits on the online platform. The researchers creativity. The practical implications are conducted a further experiment to also significant. As more teams uncover the underlying gender-specific experience crises in a turbulent global traits that could contribute to this bias. environment, the researchers The paper is forthcoming in demonstrate when and how corporate Management Science. R&D managers can turn such crises into an opportunity.

26 HKUST 2016-2017 Annual Report Research Highlights

Beating Bacteria by Purifying the Air Prof King Lun Yeung (Chemical and Biological Engineering, Environment and Sustainability) and his research team developed a novel air purification system that removes up to 99.999% of airborne bacteria and viruses, including influenza (H1N1, H3N2), EV71 and MERS-Cov (Middle East Respiratory Syndrome Coronavirus). The technology Speeding the effectively combats and inhibits the Development of Mobile growth of bacteria, germs or viruses Zooming in on that cause respiratory diseases, offering Augmented Reality Consumer Choice Prof Pan Hui (Computer Science and solutions to protect health. The Utilizing big data, Prof Kim Jun Engineering) and his researchers have purification system was made available (Marketing) and coauthors explored built an innovative augmented reality in the retail market as a household how people search for digital cameras (AR) platform to facilitate entrepreneurs purifier in September 2016. to study online consumers’ search and and programmers in developing AR choice behaviors. Key findings revealed programs and applications for mobile consumers explore a limited range of and wearable devices. The team How Air Pollution products, and that the final product they identified and developed major AR purchase is very different from the Impacts Public Health components, including hardware products they discovered on the first Analysis focused on estimating the platforms and software frameworks, day. This suggests that consumers have health effects of air pollution in China then provided enabling technologies, an approximate idea of the quality and by Prof Guojun He (Environment and such as object tracking and process type of features they want. As people Sustainability, Economics, and Social offloading, to significantly accelerate the buy a product close to what they Science) revealed a significant impact development cycle. on cardiorespiratory mortality both in initially found, it means marketers can the short and long run, with the chronic recommend close variants of what the impact much larger than the acute consumer initially searched for during impact. The research showed that the process. The paper received the children, the elderly and people living in prestigious John DC Little Award for rural areas are more vulnerable. It also the best article published in the indicated that improving air quality in INFORMS Journal. China could bring tremendous public health benefits. The research has generated papers published in the Journal of Environmental Economics and Management, British Medical Journal, and Proceedings of the National Academy of Sciences.

27 FACULTY DEVELOPMENT

String of workshops and seminars brings enhancement and innovation to HKUST’s classroom experience

The Center for Education Innovation is The Center for Engineering Education the University’s dedicated academic Innovation (E2I) continued to motivate support unit to promote and enhance and support faculty and staff to develop pedagogical innovation and encourage effective outcome-based learning exploration of the latest technological practices for students at undergraduate tools in order to advance the learning and postgraduate levels. E2I arranged a experience of students. Over 2016-17, visit by Dr Trevor Lane, education the Center held a series of workshops, director and senior publishing seminars, and talks by University faculty consultant at the Edanz Group. and external presenters to encourage Dr Lane gave a lecture to engineering teaching development and sharing of and non-engineering faculty on how to experience. Topics included the design critically read research papers and and delivery of educational videos, how conduct effective and ethical peer best to reach “Generation Z” students, review for English language ways to engage in in-class activities, international journals. Dr Lily Khidr, moving to blended learning, and student academic research scientist and peer evaluation using the web-based publisher for Elsevier in New York, iPeer application. was invited by the School of Engineering to lead a faculty workshop to discuss scientific advances in Asia, the publication process as an author and reviewer, and her experience with Elsevier.

28 HKUST 2016-2017 Annual Report FACULTY DIVERSITY NEW APPOINTMENTS Other senior faculty concurrent As reflected by our commitment to Leading theoretical particle physicist appointments over 2016-17: fostering diversity in the Strategic Plan Prof Andrew Cohen joined HKUST as 2016-2020, the University has taken Director of the HKUST Jockey Club Prof Xun Wu proactive steps in the previous years to Institute for Advanced Study, Lam Woo Director of Institute for Public Policy enhance senior female faculty hiring Foundation Professor and Chair and address career development of Professor of Physics. Prof Cohen is a female faculty through policies in prominent figure in the global science Prof Chung-Yee Lee assisting them to manage both community and keen to take the Director of Institutional Research professional and family responsibilities. Institute to even higher level of The recent assessment shows that the international scientific visibility ratio of gender diversity has improved and success. across all ranks of tenure-track faculty Prof Yang Wang was appointed Dean of and in all Schools. Diversity in ethnicity Science, concurrent with his in the faculty community is also our appointment as Chair Professor of focus, and a series of measures were Mathematics. Prof Wang joined HKUST introduced last year to monitor our in 2014 as Head of the Department of progress in increasing faculty diversity Mathematics. Building on his in the hiring process. established Departmental, School and University experience, he is well positioned to take the School of Science forward.

29 The following faculty members were RESEARCH AND TEACHING IAS Bank of East Asia Prof Ching granted the title of Professor Emeritus EXCELLENCE RECOGNIZED W Tang (Electronic and Computer on their retirement or departure from Engineering, Chemistry, Physics) shared The University’s faculty members University service: the 2017 IEEE Jun-ichi Nishizawa gained numerous prestigious honors Medal, for his pioneering work related over the year, highlighting the to organic light-emitting diodes. He was continuous drive for excellence that also elected a Fellow of the Hong Kong Prof Erik Baark characterizes HKUST. Division of Social Science Academy of Engineering Sciences. In a and Division of Environment In national honors, Prof Peiyuan Qian further IEEE recognition for HKUST, (Life Science) received a prestigious Prof Kei May Lau (Electronic and State Natural Science Award (Second Computer Engineering) received the Prof Larry Jiing Lih Farh Class) for his discoveries on biofilm’s Aron Kressel Award from the IEEE Department of Management impact on initial colonization by marine Photonics Society. The honor is awarded benthos. Prof Guanghao Chen (Civil and to individuals who have made Environmental Engineering) was among significant contributions to opto- Prof Chung-Yee Lee the inaugural winners of the National electronic device technology. Department of Industrial Innovation Pioneer Award, a new The impact of HKUST faculty’s Engineering and Logistics Management Mainland China honor established in international contribution to different 2017. Prof Chen was recognized for his areas of engineering was further international leadership in the field of Prof Zongjin Li highlighted by several other awards. water management and wastewater Department of Civil and Prof Zongjin Li (Civil and Environmental treatment technologies and was the only Environmental Engineering Engineering) became the first Chinese recipient from Hong Kong. Prof scientist to receive the Arthur R Cameron Campbell (Social Science) was Anderson Medal of the American made a Changjiang Scholar by the Prof Francis Ting Ming Lui Concrete Institute in the 45-year history Ministry of Education and appointed a Department of Economics of the award; Prof Limin Zhang (Civil Visiting Distinguished Professor at and Environmental Engineering) was China Central Normal University under selected for the GEOSNet Award for his Prof Alfred Herbert Reinhard the scheme. Renneberg Department of Chemistry

30 HKUST 2016-2017 Annual Report Faculty Development

contributions to geotechnical risk At HKUST, the Michael G Gale Medal for In 2017, the Common Core Teaching assessment and management; and Distinguished Teaching is a University- Excellence Award, previously known as Prof Guillermo Gallego (Industrial wide honor given annually to one the Common Core Course Excellence Engineering and Logistics Management) outstanding academic who sets an Award, was awarded to Dr Jason Chan shared the 2016 INFORMS Impact Prize. inspiring example as an educator. In (Chemistry) for his course on Chemistry 2016-17, the medal was presented to in Everyday Life. Dr Chan uses an On the business front, Prof James Thong Prof Garvin Percy Dias (Information engaging combination of demonstrations, (Information Systems, Business Systems, Business Statistics and experiments, animations and Statistics and Operations Management) Operations Management) for his drive experiential learning to spark students’ received the Association for Information to continuously develop his teaching interest and connect up chemistry Systems (AIS) Fellow Award for 2016. methodologies, the Information Systems principles and theory to daily activities. He was the only recipient from Asia. The undergraduate degree program, and Fellow Award recognizes individuals overall teaching quality of the School of who have made outstanding Business and Management during more contributions to the Information than 15 years at HKUST. Systems discipline in research, teaching and service.

Among younger faculty, Prof Angela Wu (Biomedical Engineering and Life Science) was named one of the Top 10 Innovators Under 35 in Asia by MIT Technology Review.

31 COMMUNITY ENGAGEMENT

A strong drive to inspire secondary and primary students to discover more about science and technology, generous donations, and global alumni bond-building strengthened connections with the wider community

INSPIRING THE NEXT GENERATION The University powered ahead with many different projects and initiatives to encourage HKUST students to share their skills and knowledge in community endeavors and to draw the attention of the younger generation to the exciting world of science and technology.

Joint School activities saw the continuation of a credit-bearing course on serving the elderly, organized by the School of Science, School of Business and Management and School of Engineering. During the course,

32 HKUST 2016-2017 Annual Report students made regular visits to old China and other Asian countries. At promote engineering knowledge to people’s homes and helped seniors write home, social service team SCI/NUCLEUS primary and secondary school students their memoirs. The three Schools also helped out in the local community. in a fun way. co-organized the credit-bearing Selected students served as Social On the sustainability front, faculty from Underwater Robot Community Leaders to arrange different voluntary the Division of Environment and Engagement Project. In this initiative, services and lead team members. Sustainability of the Interdisciplinary HKUST students serve as teachers to Participants included students, staff Programs Office continued to lead guide a mixed group of younger and alumni. forward the “Community EXPLORE students – primary, secondary, the The School of Engineering organized its Project – from Science to Action”, a hearing impaired and ethnic minorities – first Technology Leadership and three-year initiative funded by HSBC to build underwater robots. A record Entrepreneurship Youth Camp for junior Hong Kong Bank Foundation. The number of 300 students from 42 secondary school students. During the project aims to enhance high school primary and secondary schools signed five-day summer program, participants students’ technical knowledge and skills up for the four-day event in 2017. had the opportunity to shadow HKUST in monitoring air quality in their Individually, the School of Science students as well as visit their start-ups communities and identify scientifically engaged in a variety of social endeavors. at the Hong Kong Science Park. The the sources of pollution. A total of 48 Students continued to participate in the camp provided a practical introduction schools covering over 700 secondary University Student Sponsorship to entrepreneurship through a team school students, teachers and Programme in Wildlife Conservation, project to formulate a business plan for technicians have benefited from the run in collaboration with Ocean Park a technology product. The School’s scheme to date. Conservation Foundation, Hong Kong. Center for Global & Community This involved students in research Engagement also arranged more than projects, with field trips to Mainland 20 workshops at InnoCarnival 2016 to

33 and the public in science and HKUST research projects also attracted technology. The forum was held as part a number of contributions, an indication of “InnoTech Expo 2016”, a large scale of the community’s recognition of the innovation and technology event University’s achievements in new organized by Our Hong Kong knowledge building. HSBC 150th Foundation with support from the Anniversary Charity Programme funded Ministry of Science and Technology. a personalized real-time air quality informatics system project while the Lee Public lectures on a range of subjects Hysan Foundation made a donation were presented by Division of toward research to develop treatments Humanities faculty in partnership with for Alzheimer’s disease focusing on the the Hong Kong Museum of History BUILDING KNOWLEDGE Chinese population. Other benefactors throughout the year. The School of Business and included Lee Kum Kee Family Management shared its knowledge and Foundation, Tanoto Foundation, expertise through public presentations DRIVING FORWARD GLOBAL Kingworld Medicines Group, iFlight by faculty members. The School also VISION Technology Company Limited, and invited well-known local and global The University continued to receive an Kerry Holdings Ltd. leaders to deliver talks on topical issues encouraging response from the Further contributions enhanced student, to classes or in open seminars. Such community to its Global Vision entrepreneurship and other University occasions not only enriched the student campaign, launched in conjunction with development. Mrs Lee Fung Kung Wah learning experience, but also forged HKUST’s 25th Anniversary. Donors supported the establishment of a closer connections with the business provided generous support for new student mentoring center in the School community. In 2016, Prof Sir infrastructure, professorships, research, of Business and Management. Generous Christopher Pissarides, winner of the scholarships, and other programs. donations were also received from Shun 2010 Nobel Prize in Economics and the As part of the campaign, the University Hing Education and Charity Fund Ltd first Nobel Laureate to join the HKUST received a gift from the Tsang Shiu Tim for research and facility development faculty, delivered a talk on the impact of Charitable Foundation to support the and from alumnus Mr Yeung Wing Yee, Brexit. In 2017, the School’s long- construction of a new indoor sports Tin Ka Ping Foundation, and High established BizInsight@HKUST center. The center is one of the major Fashion Charitable Foundation. presentation series partnered with Student Life projects of the fund-raising United Overseas Bank and Moscow In the sixth “Science-for-Lunch” talk drive, seeking to promote sports School of Management SKOLKOVO to series, six HKUST professors shared development and enhance students’ organize a series of open seminars, their discoveries and innovative overall campus experience. examining the impact and opportunities technologies related to a novel drug of the One Belt One Road initiative in Named professorships enable significant injection method, stem cells, big data, different Southeast and Central recognition to be bestowed on eminent quantum computing, drone technology, Asian markets. academics. Over the year, the University and water quality forecasting. established two professorships for HKUST participated in an “Evening promising young faculty, following Forum” in September 2016 to exchange donations from The S H Ho Foundation views and insights on Hong Kong’s Limited and Drs Tai-chin Lo and Tony innovation and technology development Tai respectively. with the aim of engaging young students

34 HKUST 2016-2017 Annual Report Community Engagement

FOSTERING ALUMNI “Alumni Inspire Alumni”, the Association Many alumni gained public recognition CONNECTIONS has adopted a four-pillar structure and accolades for their service and comprising an alumni engagement accomplishments during the year. They The HKUST Alumni Endowment Fund team, career advancement team, included: Ms Starry Lee (Silver Bauhinia reached a total of over $25 million, entrepreneur circle and community Star), Mr Yik Hei Chan (Bronze Bauhinia a target achieved through alumni’s service team. Star), Mr Jeff Chen (Beazley Designs of generous support of fund-raising in the Year Award), Mr Eric Yung (Best celebration of the University’s 25th The University continued to strengthen Mobile Apps Grand Award, Hong Kong Anniversary. Since the Fund’s launch, bonds among members of its ever- ICT Awards 2017), Mr Albert Au (Best annual income through interest from expanding alumni network through ICT Startup Gold Award, Hong Kong ICT donations has directly benefited a more than 80 reunions and social Awards 2017), Mr Victor Manuel significant number of students, helping events in Hong Kong and across the Sanchez (Technology Company of the them to make the most of their life at globe. Large-scale 25th Anniversary Year – Startup category, Computerworld HKUST through a host of enrichment get-togethers included international Hong Kong Awards 2016), Mr Langston initiatives. In 2016-17, income interest celebrations in Beijing and Singapore. Suen (IET Innovation Award 2016), Prof came to more than $800,000. Career-related initiatives assisted the Ben Chan (Honorary Mention of HKUST Mr Alvin Lam was re-elected chairman professional development of alumni and Common Core Teaching Excellence for 2017-19 at the Convocation annual students. Alumni entrepreneurs shared Award 2016) and Prof Naubahar Sharif general meeting in March. Under his knowledge and experiences with start- (HKUST School of Humanities and leadership, the standing committee has up founders and those interested in Social Science Award for Teaching supported HKUST’s growth and ties taking a similar pathway. Conversations Excellence 2016). with the wider community through with Alumni provided an interactive sub-committees on academic affairs, online platform for students to gain student affairs, University development deeper understanding of different and entrepreneurship. During the year, industries and tips for success. In the HKUST Alumni Association’s new addition, alumni professors based committee began its term in office, with around the world shared their cutting- Mr Dicky Yuen elected president for the edge research in the “Did You Know” next two years. To achieve its goal of video series.

35 INTERNATIONAL AND MAINLAND STRATEGY

Impactful collaborations with overseas and Mainland academia and industry raised the University’s national and global profile

GLOBAL ENGAGEMENT Strengthening Ties In Hong Kong, the University organized the annual Consuls General Reception Seizing Opportunities During the year, University delegations conducted strategic visits to Australia, in October 2016 to introduce HKUST’s The One Belt, One Road initiative led to Singapore and Japan to further latest developments and achievements, concerted efforts across the University strengthen existing relationships with and exchange ideas on potential to explore research openings and build leading institutions and initiate new collaborations with institutions and relevant overseas relationships. In partnerships with universities and companies in their respective countries. November 2016, President Tony F Chan industry. The visits also led to meetings Representatives from over 30 countries joined a delegation led by the then with alumni and media representatives. attended. Financial Secretary, Mr John Tsang, and more than 30 leaders from finance, As part of the Japan visit, the University Advancing Strategic information and communication jointly organized a formal luncheon Collaboration technology, to Dubai and Tehran to with the Hong Kong Economic and The University works selectively with explore new opportunities arising from Trade Office in Tokyo, Hong Kong Trade leading institutions that complement its One Belt One Road. The delegation met Development Council Tokyo Office and strengths and research and academic government officials and business Invest Hong Kong, including a talk on priorities. During the year, HKUST leaders. In Iran, President Chan also “Innovation and Technology: Another entered into new university-level met the presidents of Sharif University Pillar of the Hong Kong Economy”. The agreements with the University of St of Technology and Amirkabir University event attracted more than 100 Andrews and University of Tokyo to of Technology to explore academic and representatives from government, deepen academic and research research collaborative opportunities. academic and industry, and the collaborations, and facilitate student University’s MBA students and alumni, In addition, HKUST welcomed university exchange. as well as extensive media coverage. leaders from One Belt One Road HKUST and the California Institute of countries such as Kazakhstan and In Singapore, the visit coincided with Technology (Caltech) Visiting Associates Russia to its Clear Water Bay campus. HKUST’s 25th Anniversary celebration Program continued to assist selected These delegations expressed keen event, with the delegation celebrating HKUST faculty members to undertake interest to work with the University to along with students, alumni and research with Caltech faculty to foster identify potential synergies arising from university partners. long-term academic collaborations and One Belt One Road. to build relationships. Discussions are

36 HKUST 2016-2017 Annual Report on-going on expanding this program. Supérieure, École Polytechnique The University remains actively The University signed an agreement Fédérale de Lausanne, Technische engaged with peers in other key with the University of Waterloo, allowing Universität München and Shanghai Jiao regional and international networks. students from various disciplines to Tong University. HKUST senior management team earn a dual PhD from both institutions, regularly contributes to global dialogue and established a partnership to enable Engaging in Global Dialogue on higher education through students to earn a Bachelor degree from President Chan was invited for the fifth organizations such as the Association of HKUST’s School of Engineering and a time to the World Economic Forum East Asian Research Universities Postgraduate law degree from the Annual Meeting in Davos, Switzerland, (AEARU) and Association of Pacific Rim University of Exeter. in January 2017. He also attended the Universities (APRU). In May 2017, the Global University Leaders Forum University joined the Third APRU Vice Senior management also visited the (GULF), an elite platform comprising Presidents for Research Meeting 2017, Moscow School of Management over 25 research university leaders, hosted by Nanjing University. Themed SKOLKOVO in Russia and a where he shared his views on the “Enhancing the Role of Universities in Memorandum of Understanding was “Fourth Industrial Revolution Fueling Innovation and signed with HKUST, in the presence of Governance – Priorities, Objectives and Entrepreneurship”, the meeting Russian Federation Prime Minister Role of Universities”. provided a valuable opportunity for Dmitry Medvedev, to collaborate on participating universities to share best academic exchange, executive programs HKUST was invited to co-design a practices and their experience across and research. workshop at the 11th Annual Meeting of the New Champions in Dalian, China, in geographic and cultural borders. The University’s strategic partnership June 2017. At the workshop, titled “The In June 2017, HKUST participated in agreement with KTH Royal Institute of New Drone Economy with The Hong the XI Glion Colloquium, where Technology (KTH), Sweden, established Kong University Science and research university leaders join leaders in 2015, successfully fostered joint Technology”, three HKUST faculty along from business and government to research in areas including big data with experts from Airbus Defence and consider the role that the world’s systems and robotics. As a result, the Space, International Civil Aviation foremost universities should play in University currently has nine strategic Organization, and Imperial College addressing the challenges and partnerships with elite universities. The London, shared opportunities and opportunities of today’s world. other institutions are University of challenges for engineers, business Minnesota, Rice University, Technion – leaders and policy-makers to realize the Israel Institute of Technology, University full commercial potential of drones. of Southern California, École Normale

37 WIDENING MAINLAND Hong Kong Special Administrative President Chan was invited to discuss OPPORTUNITIES Region, 20 HKUST students born in how the University can contribute to the 1997 went on a cultural exchange to development of the Guangdong-Hong Building Academic Links Beijing which was sponsored by the Kong-Macau Greater Bay Area and Lok HKUST joined the new Asian Mingxi Charity Foundation, meeting up Ma Chau Loop Innovation and Universities Alliance (AUA) and with 20 Tsinghua University students. Technology Park on several occasions, Innovation and Entrepreneurship including a forum organized by Tencent The University hosted nearly 120 Education Alliance of China (IEEAC), and meeting with the Hong Kong high-level Mainland delegations in both initiated by Tsinghua University. government’s Central Policy Unit. 2016-17, including over 1,300 delegates AUA comprises 15 Asian universities. from industry, government and Implementation measures were It is seeking to enhance institutional academia. Among those visiting were: announced by the Ministry of Education cooperation and communication and to Prof Tan Tieniu, Deputy Director of the in January 2017 in support of the play a role in solving regional and Central People’s Government Liaison “Double First Class” plans to enhance global issues. The University is the only Office in the HKSAR; Prof Zhang Jie, China’s education system. Dr Eden Y founding member from Hong Kong. Vice President of the Chinese Academy Woon, Vice-President for Institutional Four HKUST students from different of Sciences and Council Chairman of the Advancement, was invited to share ways departments participated in the first University of Chinese Academy of of nurturing global talents and five-day youth innovation workshop Sciences; Prof Xu Ningsheng, President internationalization by Shanghai Jiao together with students from the other of Fudan University; and Prof Li Tong University, Shanghai University 14 Asian universities. IEEAC aims to Yuanyuan, President of Jilin University. and Jiangsu Education Bureau. build a platform for universities to HKUST also signed a Memorandum of share their experience in innovation Understanding with Jilin University to and entrepreneurship, deepen deepen collaboration in mathematics, education reform, and nurture students’ chemistry and mechanical engineering. innovative and entrepreneurship spirit. HKUST hosted the launch ceremony of During the year, HKUST senior the Hong Kong and Macau Universities management visited Beijing and met Mr cum International Symposium on Chen Baosheng, Minister of Education, Innovation & Entrepreneurship Prof Ding Zhongli, President of the Education in May 2017. University of Chinese Academy of Sciences, Prof Lin Jianhua, President of More than 540 faculty and students took Peking University, and Prof Qiu Yong, part in cultural exchanges, community President of Tsinghua University, to find services and academic programs out more about the latest developments through a collaborative scheme in higher education in the Mainland and administered by the Ministry of explore further collaboration between Education. To celebrate the 20th the universities. Anniversary of the establishment of the

38 HKUST 2016-2017 Annual Report International and Mainland Strategy

Platforms for Innovation The HKUST LED-FPD Technology R&D and treatments with transformative Over 2016-17, the University’s Mainland Center at Foshan celebrated its fifth impact. In addition to BGI, HKUST is platforms in Guangzhou, Shenzhen and anniversary during the year. It also working closely with other Foshan advanced their knowledge continued to focus on light-emitting enterprises such as Alibaba, China Life, transfer activities and innovation under diode research and development, Fosun, Huawei, Didi, Lenovo, Tencent, the guiding hand of the HKUST Fok Ying moving on to III-V device packaging and Vanke. technology development. Tung Graduate School in Nansha. The In further activities, the University HKUST Fok Ying Tung Research Industry Interaction co-organized “Hack-O-Life 2016”, Institute develops innovative The University extended its interaction a hackathon, with AIA and Cisco in technologies and nurtures start-ups. with major Mainland enterprises November 2016, in which Hong Kong Shenzhen Research Institute secures through the development of research and Mainland universities explored research projects, provides training, collaborations, job placements, innovations related to healthy aging. and engages with local industry and student internships, and executive FunPlus, a Mainland video and mobile government. HKUST R and D training opportunities. game development company, Corporation (Shenzhen) Ltd runs an co-organized a game development Innovation and Entrepreneurship In November 2016, Prof Wang Jian, the competition with HKUST as part of Center and has set up the Blue Bay President and Co-Founder of the Beijing HackUST 2017, the largest student- incubator program to provide a full Genomics Institute (BGI), was invited to organized hackathon in Asia. The incubation service to the HKUST give a talk at the University as part of Fosun-HKUST MBA Technopreneur community in Shenzhen. the HKUST 25th Anniversary program was also launched to develop Distinguished Speakers Series. These platforms provide significant new products and services related Subsequently, the Vice-President for opportunities for HKUST faculty to to the health and happiness Research and Graduate Studies led a secure Mainland R&D projects and industry sector. delegation in early 2017 to meet with engage in knowledge transfer and the senior management of BGI and commercialization. They also assist agreed on the establishment of a joint HKUST students and alumni in research center that will set the stage deploying start-ups in Mainland China for the next-generation sequencing and help the University serve as a platform and research collaboration leading training hub for innovation and that produce novel medical diagnosis entrepreneurship talents in Shenzhen.

39 ORGANIZATION AND RESOURCES

The University deepened campus integration, nurtured a community spirit, and moved forward on facility expansion over the year

FURTHERING DIVERSITY With rising awareness of the availability partly complete. The new PDR will be The establishment of a DiversAbility of SEN support services and a piloted on a cloud-based electronic Team by the Student Affairs Office centralized team to provide one-stop platform in September 2017 prior to its improves support for students with service, the number of SEN declaration actual adoption for the year 2018-19. Special Educational Needs (SEN) and cases increased and collaborative broadens services related to diversity, efforts to support SEN students among RECOGNIZING LONG diverse-ability, integration and equal offices expanded, with SEN students, SERVICE AND WELL-BEING other students and staff providing opportunities. Administrative and HKUST is keen to recognize the constructive feedback. teaching staff from various offices and dedication of those who devote their departments, as well as students, took careers to the University. In 2016-17, part in training sessions and SEN NURTURING A HIGH- 66 faculty and staff members received awareness activities. Colleagues PERFORMANCE CULTURE Long Service Awards for their loyalty undertook a study trip to Taipei to share HKUST aims to nurture a high and commitment to the University over best practices and exchange ideas. performance culture that recognizes the past 20 years. As at 30 June 2017, In addition, the Director of Disability contributions and accomplishments. To there were a total of 3,661 members of Support Service from Rice University this end, the University embarked on staff in post. in the US was invited to conduct an the Non-Academic Staffing Review in Staff members warmly received the evaluation of campus accessibility June 2016 to optimize the design and Wellness Program series of health and to offer input on the development development of Job Description, review seminars, which are offered on a of a disability support services office the desirability and feasibility of a new quarterly basis to enhance work-life at HKUST. grading and salary structure, and balance and form part of the develop a new Performance and University’s sustainability endeavors. Development Review (PDR) to better support personnel decisions and the professional development of non- academic employees. The review is

40 HKUST 2016-2017 Annual Report BOOSTING CAMPUS The University successfully sought Modernization of other facilities is also DEVELOPMENT funding from the UGC’s Additions continuing. This includes student Alterations and Improvements Program residences, staff residences, extensive Implementation of the Campus Master to assist with certain campus facility areas of the Academic Building and the Plan made good progress in 2016-17, upgrades. Such work encompasses facilities within it. with tenders for various buildings expansion and renovation of catering prepared. Construction of the Indoor facilities, expansion and renovation of Sports Center and enhancement of the the data center, upgrading and University’s waterfront commenced, expansion of specialist research with the projects expected to be facilities as well as refurbishment of completed in the first quarter of 2018. departmental office facilities. On the residential front, 2016-17 saw the opening of the HKUST Jockey Club Hall at Tseung Kwan O as a hostel for undergraduates, the completion of a major renovation of postgraduate accommodation in Towers A and B on campus and significant progress made on the construction of a new 500 beds postgraduate hostel supported by the donation from the Hong Kong Jockey Club.

41 SCHOOL OF SCIENCE

Enterprising education moves, career development, and internationalization endeavors advanced the School’s drive for excellence

FOSTERING HIGH-FLYERS and provides useful experience for internships. Another MenTernship The first cohort from the International those considering a teaching career. Program was also offered, with social leaders invited to become mentors to Research Enrichment (IRE) Track In addition, the School actively students and internships arranged in graduated in 2017. This elite program participated in the University’s mentors’ fields. enables science undergraduates innovation drive by co-offering an interested in a research career to make Entrepreneurship minor. an early start by undertaking scientific ATTRACTING research. Most IRE students secured The Research in Industrial Projects for FUTURE LEADERS Students – Hong Kong was successfully postgraduate offers from renowned To further attract high-caliber students, organized for the sixth consecutive year overseas universities ahead of the School stepped up its efforts in in Summer 2016. The nine-week completing their undergraduate studies. student recruitment and image-building. research-plus-industrial internship and Faculty members joined recruitment In new moves, the Department of international education exchange trips to Taiwan and Mainland China. Mathematics established the S S Chern program is co-organized with the The School also met local high school Class in honor of the renowned Institute for Pure and Applied teachers and students through a series mathematician Prof Shiing-Shen Chern Mathematics at the University of of specially arranged events, including for high-flying math students. The California, Los Angeles. Company experiential science workshops with prestigious class offers a challenging yet sponsors in 2016 included AECOM, alumni teachers and the inaugural flexible curriculum, personalized Ant Financial, ePropulsion and Huawei, Science Summer Camp for high mentoring, scholarships and awards, with projects involving analytic and school students, which attracted research opportunities and computational work, along with over 140 participants in July 2016. international experience. skill-building in report writing and The 2016-17 intake saw five public speaking. The experiential course, Teaching International Physics Olympiad and Science Using Innovative Teaching Tools, The School continued to develop its International Mathematical Olympiad was rolled out in Fall 2016. The course, Career Training and Internship Program medalists admitted. jointly developed by the Departments of in 2016-17. The program gives students The School’s annual summer research Physics, Chemistry and Mathematics, the opportunity to engage in individual program, summer camp, and research presents a unique opportunity for consultations to explore career goals, internship program helped to boost students to plan and deliver learning company visits, mock interviews with postgraduate recruitment efforts. In activities, in contrast to being taught, human resources experts, and further initiatives, the School proactively

42 HKUST 2016-2017 Annual Report “Over 80 international institutions offered student exchange opportunities”

connected with selected overseas Computational Science Research Center institutions. In 2016-17, strategic and HKUST will also strengthen joint partnerships and dual-degree postdoctoral supervision, PhD student postgraduate programs were mentoring, bilateral faculty and established with leading overseas researcher exchange, and sharing of universities, including Vietnam National computer facilities, especially in University and the University of Sussex mathematics, physics, and in the UK. computational science.

A revamp of the Scientific Computation The Seoul Social Innovation Study Concentration took place, extending it to Trip in January 2017 raised students’ several research postgraduate awareness on how to use their programs in the School of Engineering. scientific knowledge and skills to By bringing together the best talents tackle social issues. During the trip, from different disciplines, the students exchanged ideas with social concentration allows science students to enterprise leaders from Hong Kong and enhance their learning beyond their Seoul. After returning to Hong Kong, major research areas and gain more students wrote up group proposals on hands-on training in computation- ways to address social issues in the related areas. HKUST community.

Social activities boosted cultural INTERNATIONALIZING exchange and integration, STUDENT EXPERIENCE communication and friendship between The School explored new partnerships local and non-local students studying at for its student exchange program, which the School. One key event, “One More now total over 80 institutions. During Pair of Chopsticks”, saw local students 2016-17, agreements were established invite non-local students to visit their with the University of Tokyo and the home for a Chinese New Year “reunion UK’s Lancaster University and dinner”. A total of 13 local families University of Glasgow. A collaborative hosted 55 non-local students and all agreement between Beijing enjoyed this authentic cultural exchange experience.

43 SCHOOL OF ENGINEERING

A productive year saw the expansion of dual degrees and experiential learning and the launch of a comprehensive cybersecurity lab

ACHIEVING ACADEMIC accreditation in late 2016. They designed to help students develop EXCELLENCE received full accreditation up to the technical and design thinking skills, 2020 intake. The recently established a systems view, and an entrepreneurial The School of Engineering continued to BEng in Aerospace Engineering was mindset for success. shine in global rankings, with HKUST granted provisional accreditation up to ranked No.19 worldwide and No.1 in the first cohort of graduates in 2018, to Hong Kong in the Times Higher EXPERIENTAL EXPANSION be followed by a full accreditation visit. Education World University Rankings The Department of Mechanical and 2016-17 by Subject: Engineering and To broaden undergraduate options, Aerospace Engineering and Department Technology, and No.15 globally and the School established a pioneering of Industrial Engineering and Logistics No.1 in Hong Kong in the QS World partnership with the University of Management introduced experiential University Rankings in Engineering and Exeter in the UK to allow students to courses on electric vehicles and Technology 2017. earn a BEng or BSc in Engineering or computing in industrial applications Computer Science and a law degree respectively, enabling students to gain The Department of Chemical and from the University of Exeter within five hands-on experience. The School also Biological Engineering will be years. The first three years will be spent developed a first-year project-based established through the integration of at HKUST and the final two at Exeter, engineering design course to expose the Division of Biomedical Engineering where students can choose either a students to different engineering and the Department of Chemical and Juris Doctor (JD) or Master of Laws disciplines before deciding on Biomolecular Engineering effective July (LLM). The full program is set to their majors. 2017. The restructuring will catalyze the commence in 2018-19. University’s strategic development in The setting up of a 24/7 student-run bioengineering and health-related Preparation for a new minor in Robotics MakerSpace offers a reconfigurable engineering and technologies, in took place over the year. The minor, to learning environment that serves as a addition to strengthening the current be launched in Fall 2017, offers design studio, prototyping studio, research and education programs in students a theoretical foundation and training center, co-op shop and Chemical Engineering. hands-on experience of robotics, demonstration studio, and enables control, and automation. students to try out their ideas. The PACE-SETTING PROGRAMS facility is already home to several A practicum-led undergraduate experiential learning courses and more The School’s four-year undergraduate program is being developed to nurture than 30 student-initiated projects. degree programs went through Hong future innovators. The program will Kong Institution of Engineers (HKIE) offer a learner-centered curriculum

44 HKUST 2016-2017 Annual Report “No.1 in Hong Kong, Times Higher Education & QS World University Rankings (Engineering and Technology)”

POSTGRADUATE VISION will see a Joint Lab set up. In addition, The HKUST-MSRA Cup, jointly National and international opportunities the Department of Computer Science sponsored by HKUST and Microsoft for the School’s postgraduates and Engineering established a Research Asia, took place in Fall increased, with new arrangements Cybersecurity Lab, the first laboratory 2016 to motivate undergraduate including: a dual degree program for at a Hong Kong university dedicated to and postgraduate students in Hong MPhil computer science and all major issues of security. In November Kong and Macau to apply artificial engineering students with École 2016, the first Security Forum marked intelligence techniques and ideas to Polytechnique Fédérale de Lausanne, the Lab’s launch. real-life problems. Switzerland; a dual degree Master’s The School organized the first event of program with China Academy of Art and the new France-HKUST Innovation Hub, ENERGIZING YOUNG a research and internship collaboration established by the University and ENGINEERS with Fitipower Integrated Technology Consulate General of France in Hong To foster enthusiasm for engineering (Shenzhen) Inc; postgraduate exchange Kong and Macau. The presentation and an entrepreneurial spirit at an agreements with Ecole Nationale de featured Prof Laurent Boutillon, early age, the School held its first l’Aviation Civile and Institut National Scientific Director of Vinci Technology Leadership and des Sciences Appliquées de Toulouse, Construction Grands Projets, who Entrepreneurship Youth Camp for junior France; a Memorandum of spoke on “Discovering Chernobyl’s high school students. The Department of Understanding with National Technical New Sarcophagus”. Electronic and Computer Engineering University of Athens, Greece; and and IEEE Electron Devices Society Other highlights included hosting the a cooperation and exchange organized the fifth Electronic annual Asia-Oceania Top University agreement with Chulalongkorn Exploration Camp to interest school League on Engineering Conference and University, Thailand. students between the ages of 10 to 15 in a three-day forum that brought together studying electronic engineering. The School drew the largest number of School faculty members and their awardees for the Hong Kong PhD counterparts at Peking University’s In further outreach, the opening Fellowship Scheme among all College of Engineering to explore ceremony of the HKUST Academy for engineering schools in Hong Kong for collaborative research in Bright Future Young Engineers took the eighth consecutive year. Thirty-six materials, bioengineering, and place in November 2016. The Academy, engineering awardees will start their aerospace engineering. supported by Bright Future Charitable PhD studies at HKUST in Fall 2017. Foundation, gives HKUST engineering In further postgraduate research EXCELLENCE IN ACTION students opportunities to mentor and recognition, the fourth year of the An HKUST Massive Open Online Course engage secondary school students in Ford-HKUST Conservation and (MOOC) on Java programming was authentic engineering experiences and Environmental Research Grants named among the most popular courses inspires them to embrace an engineer’s program saw 21 MSc students on edX, one of the two leading mindset. It currently has over 50 fellows awarded grants. international MOOC platforms. The and 350 members. course has drawn 250,000 enrolments INNOVATION AND worldwide since it was launched in CYBERSECURITY 2014. It was ranked No.6 on the Top 10 The School formed a research Most Popular Courses ranking in 2016. collaboration with Hong Kong Applied Science and Technology Research Institute to leverage their mutual expertise in financial technology, big data, integrated circuit design and wireless communication. The agreement

45 SCHOOL OF BUSINESS AND MANAGEMENT

Following a smooth transition to the new administration, the School made significant advances on several fronts in readiness for its next phase of development

ADAPTING TO CHANGING FINTECH AND EMERGING GLOBAL EXCELLENCE BUSINESS NEEDS MARKETS REINFORCED With major shifts in the global Given the increasing significance of The Kellogg-HKUST Executive MBA geopolitical landscape and technological financial technology (FinTech), the (EMBA) program was ranked No.1 capabilities, the business environment is School has established a FinTech Group, globally by the Financial Times in 2016, changing rapidly, and the School has comprising experts across three the seventh time in the past 10 years. moved fast to respond to such academic departments, to chart its way In 2017, the program was named the developments in order to nurture the forward in this area. Courses and world’s No.1 joint EMBA program in the next generation of talent. programs introduced different aspects inaugural Global EMBA Rankings, of FinTech. The School also sets its conducted by Quacquarelli Symonds In line with this, the School has actively sights on becoming a FinTech (QS). The HKUST MBA was ranked fostered an innovative and intellectual powerhouse through No.15 in the world by the Financial entrepreneurial culture to help students rigorous research. Times in 2017, the eighth consecutive harness opportunities in different areas year that the program ranked in the top through enhancing the curriculum and The School sees emerging markets and 15 globally. providing a positive environment for the One Belt One Road countries as potential entrepreneurs. The School also other areas that can open up new The School received a fresh accolade played host to the One Million Dollar pathways for students, academics and when it was named CEMS School of the Entrepreneurship Competition in Beijing the region. In accordance, faculty Year in 2016. CEMS is a global alliance for the second year running, receiving members have undertaken an that collaborates with 30 world-leading strong support from its alumni network. interdisciplinary research project business schools, including HKUST, exploring “Trade and Investment under to offer an MSc in International One Belt, One Road and Implications for Management. The School was the first Hong Kong”, funded by the Strategic Asian school to receive this Public Policy Research Scheme under international honor. the Hong Kong government’s Central Policy Unit. The study will provide valuable evidence-based insights to help Hong Kong formulate optimal trade and investment policies to bolster the city’s future development.

46 HKUST 2016-2017 Annual Report NETWORK EXPANSION Strong international standing and WINNING WAYS To boost internationalization, the School enhanced networks will help increase The School’s students again achieved furthered its collaborations with the School’s leadership role in outstanding results in local and global established global education alliances. advancing business education in Asia competitions over the year. Among these These include the Global Network for and provide more overseas learning successes, two undergraduate teams Advanced Management (GNAM), opportunities for students. won the champion and second runner- comprising 29 schools. GNAM members up titles in the ISACA Case Competition create a networked learning MULTI-SKILLED 2017 for university students in Hong environment for students and work CONTRIBUTION Kong. ISACA is a non-profit global body together to explore critical issues facing To develop multi-skilled faculty who for IT governance professionals. An global business. Meanwhile, the can contribute not only to research undergraduate team was awarded the Association of Asia-Pacific Business and teaching, but also to service top prize in the university student Schools (AAPBS) appointed Prof Tam leadership, the School introduced category of the SCMP/IFPHK Financial Kar Yan, Dean of the School of Business training programs for mentoring and Planner Awards 2016, co-organized by and Management, as Vice President and observational learning activities to the South China Morning Post and the President-Elect. build the skills of younger faculty and Institute of Financial Planners of Hong Kong. In addition, MBA student teams The School also signed a cooperation researchers. Faculty were encouraged participating overseas brought home agreement with the Moscow School of to attend external teaching workshops, champion titles and category winner Management SKOLKOVO, a leading such as the Association of Asia-Pacific accolades in the USC Marshall’s Global private business school in Russia. Under Business Schools Case Development Consulting Challenge, Yale SOM the agreement, the partners will Workshops, Harvard Business School Integrated Leadership Case collaborate on academic exchange and Case Method Teaching Seminars Competition, New Venture explore joint programs and research and Babson Teaching Innovation Championship, and International related to the economic potential of Programs to learn more about best Business Ethics Case Competition. Europe and Central Asia. practices and exchange insights with other participants.

1

EMBA “Financial Times & QS Rankings, World’s No.1”

47 SCHOOL OF HUMANITIES AND SOCIAL SCIENCE

The School moved ahead with its e-learning initiatives and saw faculty members’ expertise on China widely recognized

GLOBAL CHINA STUDIES using online resources to develop FOCUSED ON A ON-LINE CURRICULUM students’ communication skills, GLOBAL OUTLOOK teamwork, and creativity. Around the world, universities today are Prof Rehav Rubin, a geographer from committed to providing an education The current GCS On-Line Curriculum the Department of Geography, Hebrew that combines research-embedded consists of thirteen on-line courses University of Jerusalem, was appointed teaching with capacity building sequences offered as 20 or more the second Elman Family Visiting instruction emphasizing connectivity, separate classes, all taught in English in Professor of Jewish and Israeli Studies. creativity, and English-language the fields of Economics, Language, Prof Rubin will be affiliated with the communication. The Global China Literature, Music, Political Science, Division of Social Science in 2017 Fall Studies On-Line Curriculum (GCSOL) Quantitative Methods, Science- term and teach an undergraduate reflects the best efforts of the HKUST Technology-Sustainability, course on Jerusalem through the Ages: School of Humanities and Social Science Social‑Economic History and Sociology. Historical Geography of the Holy City. to do this through online education, These classes are currently offered for Three faculty members, Prof Shengqing blended classroom teaching, and active free as Massive Open Online Courses Wu and Prof Jianxiong Ma, both learning. This interdisciplinary through Coursera and edX. The School Division of Humanities, and Prof Wenkai curriculum showcases the School’s is now discussing with the university on He, Division of Social Science, received world‑class research strength in how to license the revised production of invitations to become Harvard-Yenching creative arts, humanities, language these classes to other universities as Visiting Scholars for 10 months from education, and social science, as well as blended and flipped classes which could September 2016. Prof Daisy Du, Division our development of a new pedagogy fill in as part of their Common Core or of Humanities, will take up a similar minor/major degree programs. role in 2017-18.

48 HKUST 2016-2017 Annual Report Global China Studies On-line Curriculum showcases the School’s world-class research strength in the following areas:

creative arts

humanities language education

social science online resources

Among 29 Master of Science in Global Rossier School of Education received CREATIVE VISION China Studies (MGCS) students in the approval for recruitment for Fall The Division of Humanities held 2016-17 cohort, 11 will begin other 2017-18. successful conferences over the year on Master programs in elite universities modern and contemporary Chinese such as HKUST, University College FACULTY SPOTLIGHT literature, empires and religions, and London, Oxford, John Hopkins, and Prof Cameron Campbell was selected as literature and philosophy, attracting Peking University. The Master of Arts a Changjiang Scholar by the Ministry of Mainland China and international in International Language Education Education. As part of the Changjiang academics to participate. The Division (MAILE) recruited 48 students for its scheme, Prof Campbell was appointed a also joined with the Library and the cohort in 2017-18, with 18 students Visiting Distinguished Professor at Center for Education Innovation in enrolled in the Teaching English as a Central China Normal University. Prof sponsoring the University’s First Red Second Language concentration and Jenny Smith received a prestigious Bird Student Film Festival in May 2017. 30 in the Teaching Chinese as a Second Carnegie Fellowship for 2017-2019. Language concentration. In addition, In its seventh season, the annual the MAILE dual degree pathway with Over one-third of academics in the Intimacy of Creativity, the pioneering University of Southern California’s Division of Social Science were cited, international music workshop series quoted, or interviewed by local, founded and led by Artistic Director Prof regional, and international media Bright Sheng, YK Pao Distinguished outlets over the past year. Media include Visiting Professor of Cultural Studies, ABC News, ALLAFRICA, Bloomberg, organized the World Premiere Concert Channel NewsAsia, China Daily, Dutch featuring the critically acclaimed New Financial Daily, The Economist, LA York Festival of Song at the Asia Society Times, Lianhe Ribao, Ming Pao, New Hong Kong Center in March 2017. York Times, South China Morning Post, Time Magazine, RTHK, Xingdao Ribao, Voice of America, The Wall Street Journal, World Peace Forum, among others.

49 INTERDISCIPLINARY PROGRAMS OFFICE

A restructure of Divisions, further diversity of learning opportunities, and boundary-crossing research made 2016-17 an exciting year for IPO

FRESH OUTLOOK non-government organizations in The IPO Industrial Fellowship Program IPO, first established in 2008, can now building a more sustainable brought together seasoned professionals appoint tenure-track faculty, providing a environment for Hong Kong, the who are ready to share their personal more sustainable structure to build a Pearl River Delta, Mainland China, workplace journey and impart industry core group of faculty members to drive and the world. insights to broaden students’ perspective on career development. The existing and new efforts to support Effective July 2017, IPO’s Division of program also seeks to help students institutional strategic goals in important Biomedical Engineering will be align job aspirations with their passion and emerging interdisciplinary areas. integrated with the Department of and interests. Activities ranged from Chemical and Biomolecular Engineering Over the year, the Division of Public round table discussions to guest lectures to form the Department of Chemical and Policy was established. This will serve and “bite-size” learning modules. as an interdisciplinary academic Biological Engineering under the School division that advances HKUST’s vision in of Engineering. The Sustainability Thinking course, developing public policy as an emerging offered by the Division of Environment strategic area. The Division will also DIVERSE LEARNING AND and Sustainability, enabled students to further enhance the synergy between SELF-DISCOVERY collect real-time consumption data through energy-monitoring equipment public policy and on-going initiatives in IPO’s Individualized Interdisciplinary installed in student hostels. They interdisciplinary research and Major (IIM) allows students to create a analyzed data relevant to sustainable education, with an emphasis on policy- unique academic program that best behaviors, particularly within the making guided by advances in science, suits their own intellectual interests and context of green buildings, and then technology and innovation, environment passions. A pioneering agreement was used the information to design a real- and sustainability. signed with the University of Hong time intervention to shift behaviors in a Kong, Chinese University of Hong Kong The Division of Environment was more sustainable direction. The course and City University of Hong Kong to renamed the Division of Environment effectively raises awareness of the need allow IIM students to take courses in and Sustainability and its mission to preserve energy and assists the these universities and transfer back broadened to enhance synergy across University’s estate management in credits where applicable, and vice Schools and Departments in research, delivering sustainability measures. education and knowledge transfer in versa. The local exchange opportunity both areas. Externally, it will seek to provides a platform to diversify work with industry, government and students’ choices and expand their horizons.

50 HKUST 2016-2017 Annual Report In line with its commitment to serving STRIVING TO BUILD A The cross-disciplinary “Early Childhood the local community, IPO joined hands BETTER FUTURE Intervention Project”, led by Prof with The Hong Kong Federation of Xiaogang Wu, Division of Social Science, The Institute of Environment was Youth Groups to launch again the Faculty Associate of the Institute of funded a five-year project named “Innovating Today, Imagining Public Policy and Prof Pauline Sung- “Personalized Real-time Air-quality Tomorrow” Mentorship Program in Chan, Adjunct Associate Professor of the Informatics System for Exposure 2016-17. Through interdisciplinary Institute of Public Policy examined the (PRAISE-HK)” by the HSBC 150th activities and mentoring sessions with effectiveness of internet-based Anniversary Charity Program. By faculty, the program aims to broaden intervention to promote the combining state-of-the-art sensors local high school students’ horizons, and developmental outcomes of young technologies, air quality modelling inspire them to unleash their potential children living in poverty. system, big data, exposure science and and pursue personal goals. more, PRAISE-HK provides personalized Prof Fei Sun, Division of Biomedical and location specific real-time air Engineering, and his research team pollution data and health analysis to successfully created photo-responsive Hong Kong citizens. Based on the hydrogels capable of controlled release system data, users can plan cleaner of stem cells/proteins through covalently routes and activities for the day, thereby assembling recombinant proteins under effectively reduce exposure of polluted mild physiological conditions. The air and hence the health risks. findings, published in the Proceedings of the National Academy of Sciences, point to a versatile strategy for designing “smart” materials and open up opportunities for material biology and medical applications in the future.

51 HKUST FOK YING TUNG GRADUATE SCHOOL

The University’s Mainland platforms are assisting faculty, students and alumni to expand research, technology commercialization, and entrepreneurship

HKUST Fok Ying Tung Graduate GUANGZHOU HKUST FOK Beijing and Macau, the competition has School (FYTGS) was established in YING TUNG RESEARCH gained broader popularity and renown. 2007, and is currently charged to In 2017, 945 teams participated in oversee the University’s knowledge INSTITUTE the competition, almost doubled the transfer endeavors in HKUST’s Technological Advancement previous year’s total. The Guangzhou Mainland platforms located at Relying on the research, development regional competition recorded a Guangzhou, Shenzhen and Foshan, and educational advantages of HKUST, significant increase in teams taking namely Guangzhou HKUST Fok Ying combined with the development part, rising from 158 in 2016 to 264 Tung Research Institute (FYTRI), the needs of universities, institutions and in 2017. HKUST Shenzhen Research Institute enterprises in the Pearl River Delta, (SRI), HKUST R and D Corporation FYTRI mainly focuses on the research Pace-Setting Supercomputing (Shenzhen) Limited (RDCSZ), and and development of Internet of Things, To promote and expand the use of HKUST LED-FPD Technology R&D Advanced Manufacture and Automation, FYTRI Supercomputing Service Platform Center at Foshan (FSC). This mission is Advanced Materials, and Environment by Hong Kong researchers to enhance realized by technology transfer, industry and Sustainable Development. In 2015- their research efficiency, FYTRI collaboration, and spin-offs. It operates 2016, a total of 28 government projects organized information sessions in as an open innovation platform and were secured, at a total fund amount of 2016-2017. More than 70 accounts were contributes to the community via over RMB 39 million. As of 31 December set up for users to access TianHe-2, technology commercialization. 2016, FYTRI undertook 75 government one of the fastest supercomputers research projects and the total amount in the world, hosted in the National of received funds is RMB 111 million. Supercomputing Center in Guangzhou. FYTRI won the award for “TianHe’s Boost for Entrepreneurship Best Sub-center” in 2017 for the Following last year’s expansion excellence in Supercomputing Service of the HKUST One Million Dollar Platform promotion and service. Entrepreneurship Competition from Hong Kong to Guangzhou, Shenzhen,

52 HKUST 2016-2017 Annual Report International Smart Incubation and Start-Ups The event gathered over 120 cross- Manufacturing Platform RDCSZ set up the Blue Bay Incubator in disciplined faculty members, students The International Smart Manufacturing the Industry, Education and Research and alumni. The day’s activities included Platform (ISMP), a Guangzhou Complex (IER2) Building in Nanshan, an update on the latest developments at Municipal Government accredited Shenzhen, in late 2016. The program’s the Institute. platform for open innovation, supports goal is to provide a full range of the vision of Guangzhou to become an entrepreneurship services to the HKUST HKUST LED-FPD international technology innovation community to foster innovation and TECHNOLOGY R&D CENTER hub to promote the upgrade of “Made entrepreneurship. In June 2017, the AT FOSHAN in China” for developing into a smart Blue Bay Incubator became a member FSC focuses on the development and country and to attract overseas and of the Qianhai Shenzhen-Hong Kong transference of LED (Light-Emitting domestic manufacturing talents to Youth Innovation and Entrepreneur Diode) and FPD (Flat Panel Display) the area through building a research Hub and will establish the venue as an technologies for relevant industrial service and incubator system focused on open innovation platform. The Shenzhen partners in the Guangdong Province. Internet of Things and new materials. regional competition of the HKUST FSC has seven well-equipped high-end ISMP synergizes cutting-edge university One Million Dollar Entrepreneurship labs that have passed the certification of research and industry know-how and Competition also recorded a significant CNAS qualification. contributes to the success of Made in increase in teams taking part. China 2025. Strengthening Alumni Links Spin-Offs To strengthen connections with FYTRI successfully spun off three HKUST Mainland China alumni, SRI companies during 2016-17, bringing the co-organized “HKUST SRI and SENG total number of firms established and Alumni Day (Shenzhen)” with the active in the past two years to six. School of Engineering in March 2017.

THE HKUST SHENZHEN RESEARCH INSTITUTE AND HKUST R AND D CORPORATION (SHENZHEN) LIMITED Government Project Funding SRI has achieved remarkable success in taking on major R&D projects in Mainland China. In 2015-16, a total of 39 government projects were secured, at a total fund amount of over RMB 24 million. As of 31 December 2016, SRI undertook 80 government research projects and the total amount of received funds reached RMB 118 million.

53 HKUST JOCKEY CLUB INSTITUTE FOR ADVANCED STUDY

Under the helm of a new Director, the Institute continued to draw top minds from around the world and inspire fresh intellectual endeavors

GATHERING OF GREAT Sciences. IAS Si Yuan Professor Gunther Outstanding scholars from other leading MINDS Uhlmann was featured in Nature for a institutions are appointed as IAS Visiting “long-awaited” mathematical solution to Professors and Visiting Fellows to foster High energy physicist Prof Andrew a geometric problem that may help collaborations. During the year, IAS Cohen took up his post as Director of determine the inner structure of a hosted 33 Visiting Professors, 13 Senior the Institute, Lam Woo Foundation complex object, such as the Earth. In Visiting Fellows and seven Visiting Professor and Chair Professor of Physics celebration of the University’s 25th Fellows. Their residence at the Institute in January 2017. Prof Cohen, previously Anniversary, IAS Helmut & Anna Pao opens up opportunities for novel at Boston University, is a leading expert Sohmen Professor-at-Large Sir research directions to take shape. in theoretical particle physics and a Christopher Pissarides delivered a prominent figure in the international keynote speech at a conference in scientific community. He succeeds GENERATING SOLUTIONS Beijing on Chinese economic Prof Henry Tye, who led the Institute for development in a global context and AND NEW KNOWLEDGE six years. Prof Tye is continuing his Prof George Smoot offered his insights In line with IAS’s role as a global research endeavors in the capacity of on gravitational waves. knowledge hub, the Institute held over an IAS Professor. 190 academic events, including Seventeen eminent HKUST faculty 47 distinguished or Nobel lectures, and Among distinguished recognitions and members are now affiliated with 54 joint school lectures over the year. events over the year, IAS Bank of East IAS as Fellows or Senior Fellows to These activities drew around 9,000 Asia Professor Ching W Tang received catalyze synergy among researchers. participants in total. the 2017 IEEE Jun-ichi Nishizawa Rising stars from various disciplines Medal and was elected a Fellow of the are also invited to join the IAS family To enhance cutting-edge research, the Hong Kong Academy of Engineering and work closely with Fellows and Institute organizes topical programs on faculty. In 2016-17, the Institute was specialized subjects covering different working with 24 Junior Fellows and disciplines to foster the formation of 24 Postdoctoral Fellows. new research groups. In 2016-17, the

54 HKUST 2016-2017 Annual Report Wave Functional Materials Program attracted over 180 participants. Workshops and short courses were also held to provide deeper understanding of the most recent breakthroughs.

Eight Gordon Research Conferences, prestigious academic gatherings of world-renowned scholars, took place at the Institute in Summer 2016. The conferences covered fields in life science, engineering and physical sciences and two were chaired by HKUST faculty. In addition, IAS hosted two affiliated Gordon Research Seminars for young researchers to engage with the academic community.

“9,000 participants attended over 190 academic events”

55 SUSTAINABILITY

The University is seeking to integrate sustainability into all its activities and serve as a living laboratory for eco-advancement and awareness

In 2016, the University adopted the sustainability mission “to become a Performance of sustainable operations global leader in sustainability education by transforming the Clear Water Bay Electricity (kWh) campus into a living laboratory for 2015-2016 experiential learning, demonstrating 95,800,100 cutting-edge research and sustainable 94,486,400 -1.4% operations within a vibrant and 2016-2017 engaged community” and set out the HKUST 2020 Sustainability Challenge * The performance data Greenhouse gas (ton CO2-e) in 2015-16 was revised strategy to achieve specific goals, with changes of scope targets, and priorities. In 2016-17, there 53,600 and baseline calculation. was good progress on the four pillars of 52,800 the strategy: sustainable operations; -1.5% sustainable communities; sustainability research and demonstration; and Trash (ton) sustainability education. 3,190 SUSTAINABLE OPERATIONS 2,980 -6.6% The Sustainable Operations Executive Committee oversaw a significant spike in activities to reduce greenhouse gas Recyclables (ton) emissions and landfill waste. Several important investments were made in 133 waste reduction strategies, including 356 food waste collections from canteens +167% and office pantries, installing recycling bins on all floors of residence halls, Food waste recycling (ton) modifying cleaning contracts to gain accurate daily weight data, and 7.9 conducting waste audits to provide a 186 clearer picture of sources and causes +2,254% of waste. Recycling rates were nearly doubled which resulted in an overall

56 HKUST 2016-2017 Annual Report reduction of landfill waste of 6.6% Led by staff and students dedicated to SUSTAINABILITY compared to last year. The University improving campus sustainability, the EDUCATION saw its annual greenhouse gas HKUST Green Team undertook several The Sustainability Education Advisory emissions shrink by 1.5%, thanks to projects to promote sustainable food Group is tasked with consulting continued energy efficiency upgrades, choices over the year. The Shanghai widely with the University community such as the installation of LED Commercial Bank-HKUST Sustainable to find ways to actively advance lighting and more efficient Campus Leadership Program continued sustainability education at HKUST. In air-conditioning systems. to support students in designing green parallel, the Sustainability Education campus projects and learning about The building of sustainable operations Network provides a platform for eco-project management and problem- within the University took place across faculty and instructors to engage solving by collaborating with many departments and groups. The in multidisciplinary dialogue, administrative and operations Cleaning Steering Committee identifies collaboration, and support for departments at HKUST. waste reduction opportunities at major sustainability education and practice events and formulates recycling within the University. strategies for resources. The Green Lab SUSTAINABILITY HKUST became one of the founding Working Group monitors energy DEMONSTRATION members of the Global Consortium for performance in labs through real-time To advance sustainable practices and Sustainability Outcomes, a network of metering and designs energy reduction experiential learning, the University universities dedicated to scaling initiatives for lab equipment and invested in a series of real-time sustainability solutions with like-minded recycling programs. The Energy energy meters and monitors to enable partners around the world. Performance Review team regularly the HKUST community to track the studies energy consumption data and inner workings of the campus from builds energy-saving capacity through their desktops. operations and newly invested projects. Events and educational campaigns throughout the year encouraged SUSTAINABLE members of the University to become COMMUNITIES greener, including the first E-waste The Office of the President launched the Recycling Day, No Straw Day, a Green HKUST Sustainability Network to infuse Products Fair, numerous urban sustainability initiatives into offices and gardening workshops, and “Tap It departments across the University and Forward”, an innovative collaboration develop green practices campus-wide. between students and staff to promote a plastic water bottle-free campus.

57 GOVERNANCE

Under the HKUST Ordinance, the Council, Court, and Senate serve as the University’s three major governing bodies

The Council universities. The UAA would enable participants of the HeadStart@HKUST In line with its fiduciary duties, the external stakeholders to assess the Program related their internship Council steers the University’s overall performance and progress of the sector experiences with an array of direction to ensure that robust as a whole. corporate partners. institutional governance is in place. To enhance the University’s In advice on University planning During the year under review, the Task accountability through greater priorities, Court members emphasized Force to review Council effectiveness transparency, the Council hosted a HKUST’s need to keep abreast of the appraised University policies, forum on governance in October 2016. latest developments in higher education, regulations and procedures with At the forum, Council and University such as online teaching, and to respond reference to the roles and leaders discussed their roles, to the region’s competitive environment. responsibilities of the Council and responsibilities, and latest initiatives its committees. with staff members, students The Senate The Senate, the supreme academic Following the release of the University and alumni. body, reviewed and approved a number Grants Committee (UGC)’s “Governance The Court of academic policies, in consultation in UGC-funded Higher Education The Court, the University’s supreme with Schools and the respective Institutions in Hong Kong” report in advisory body, met twice during the committees, including a Strategic 2016, the Council has worked with the year to receive reports from the Framework for Taught Postgraduate University management to address its University management and the Council Education. The Senate also approved recommendations, with a particular respectively. Members’ advice was the establishment of the Division of focus on the Council’s strategic planning sought on two key University initiatives: Public Policy under the Interdisciplinary role, the range of skills among Council knowledge transfer activities; and the Programs Office and the integration of and committee members, and induction HeadStart@HKUST Program, which is the Division of Biomedical Engineering and development requirements for centered on early workplace immersion and Department of Chemical and members. The Council also maintained and career development. The University Biomolecular Engineering to form the a dialogue with the UGC on a proposed management reported the success of new Department of Chemical and “University Accountability Agreement” several start-up companies and Biological Engineering. (UAA), a written accountability innovation projects as part of HKUST’s framework that would underpin the knowledge transfer endeavors. Student UGC’s relationship with all its funded

58 HKUST 2016-2017 Annual Report

AWARDS AND RECOGNITIONS

Faculty members and students received numerous honors and accolades over the year. The following list is not exhaustive

FACULTY 1 Prof Peiyuan Qian, Division of Life 6 Prof Guanghao Chen, Department of 12 Prof James Thong, Department of Science, received a State Natural Civil and Environmental Information Systems, Statistics and Science Award, Second Class, from Engineering, received a newly Operations Management, received the State Council of the PRC, for established National Innovation a Fellow Award 2016 from the his research into “Chemical Pioneer Award from the Chinese Association for Information (Compounds) Signal Production of government. Systems. Biofilm in Response to 7 Prof Guillermo Gallego, Department 13 Prof Wenkai He, Division of Social Environmental Changes: Its Impact of Industrial Engineering and Science, Prof Jianxiong Ma and on Initial Colonization of Marine Logistics Management, was Prof Shengqing Wu, Division of Benthos and Ecosystem Structure awarded the 2016 Impact Prize Humanities, were awarded and Functionality”. by the Institute for Operations prestigious Harvard-Yenching 2 Prof Ching W Tang, Department of Research and the Management Scholarships for 2016-17. Chemistry, Department of Sciences. 14 Prof Cameron Campbell, Division of Electronic and Computer 8 Prof Kei May Lau, Department of Social Science, was selected as a Engineering and Department of Electronic and Computer Changjiang Scholar by the Ministry Physics, was awarded the IEEE Engineering, was honored with the of Education. Jun-ichi Nishizawa Medal 2017. Aron Kressel Award by the IEEE 3 Prof Danny Leung, Division of Life Photonics Society. Fellows & Board Memberships Science, was honored with a 9 Prof Zongjin Li, Department of Civil 15 Prof Allen Moy, Department of prestigious Croucher Innovation and Environmental Engineering, Mathematics, was elected a Fellow Award 2017 by the Croucher was awarded the Arthur R of the American Mathematical Foundation. Anderson Medal by the American Society. 4 Prof Sherry Chen, Department of Concrete Institute. 16 Prof James Kwok, Department of Mechanical and Aerospace 10 Prof Tianshou Zhao, Department of Computer Science and Engineering, and Prof Yi Wang, Mechanical and Aerospace Engineering, was elected a Fellow Department of Physics, received Engineering, was named a Highly of the Institute of Electrical and Early Career Scheme Awards from Cited Researcher in Engineering Electronics Engineers. the Research Grants Council. by Thomson Reuters for the third 17 Prof Fangzhen Lin, Department of 5 Prof Angela Wu, Division of consecutive year. Computer Science and Biomedical Engineering, and 11 Prof Shing-chi Cheung and Prof Pan Engineering, was elected a Fellow Division of Life Science, was Hui, Department of Computer of the Association for the named among the Top 10 Science and Engineering, were Advancement of Artificial Innovators Under 35 in Asia Pacific elected Distinguished Scientists of Intelligence. by MIT Technology Review. the Association for Computing 18 Prof Fugee Tsung, Department of Machinery. Industrial Engineering and Logistics Management, was elected a Fellow of the American Statistical Association.

60 HKUST 2016-2017 Annual Report 1 2 3 4 Prof Peiyuan Qian Prof Ching W Tang Prof Danny Leung Prof Sherry Chen Prof Yi Wang

5 6 7 8 9 Prof Angela Wu Prof Guanghao Chen Prof Guillermo Gallego Prof Kei May Lau Prof Zongjin Li

10 11 12 Prof Tianshou Zhao Prof Shing-chi Cheung Prof Pan Hui (middle) Prof James Thong

13 14 15 Prof Wenkai He Prof Jianxiong Ma Prof Shengqing Wu Prof Cameron Campbell Prof Allen Moy

16 17 18 Prof James Kwok Prof Fangzhen Lin Prof Fugee Tsung

61 STUDENTS AND 24 PhD student Li Chen, Department 29 Environmental Management and RESEARCHERS of Computer Science and Technology undergraduates Wendy Engineering, was granted a 2016 Cheng and Maryellen Wat won the The HKUST Robotics Team, comprising Microsoft Research Asia 2nd Business Sustainability and 61 students from different departments, Fellowship Award. Risk Management Case Analysis gained many awards over the year. Competition 2017, organized by 25 PhD students Quanming Yao and The Association of International Robocon Team Hong Zhang, Department of Accountants, Hong Kong Branch. 19 Champion, Robocon 2017 Computer Science and Hong Kong Contest Engineering, received Google 2016 Global PhD Fellowship Awards. HKUST MEDALS Remotely Operated Vehicle 30 A Mechanical and Aerospace 26 An undergraduate team from the (ROV) Team Engineering undergraduate team, School of Business and 20 Champion, Explorer Class, 12th comprising Alexander Tse, Peng Management, comprising Grace Tin Hong Kong Regional MATE Zhou, Zihang Zhang, Chenxi Feng, Wai Lam, Chun Kit Tam, and Ming International ROV Competition and Chunli Jiang, won the HKUST Lun Cheung, won the championship President’s Cup. 21 All-around Champion and Safety at the ISACA Case Competition Conscious Award, MATE 2017. 31 Prof Garvin Percy Dias, Information International ROV Competition Systems, Business Statistics and 27 A team comprising Global Business 2017 Operations Management, received students Ernest Man-hing Hung, the Michael G Gale Medal for Smart Car Team Johnny Jong-chin Lam and Sahil Distinguished Teaching. 22 Second Class Awards in the Mohnani, won the SCMP/IFPHK Balance Group, Beacon Group and Financial Planner Awards for 2016 32 Karen Ka Wun Wong, Global China Camera Group, and a Certificate of (University Student Category). Studies, Vice-Chairperson of the Merit in the Chasing Group, 11th Council of Students’ Union in 2015- 28 Undergraduate Hercules Kai Ho NXP Cup Intelligent Car Racing 2016, was awarded the Stephen Chan, Risk Management and Competition, South China Region Cheong Kam-chuen Medal for Business Intelligence, and PhD Distinguished Service to the student Harry Kai Ho Chan, Others Student Body. Department of Computer Science 23 Post-doctoral Fellow Menglong and Engineering, won the Best 33 Dr Jason Chan, Department of Zeng, Division of Life Science, Student Invention Grand Award at Chemistry, received the HKUST received a 2016 Young Scientist the Hong Kong ICT Awards 2017. Common Core Teaching Excellence Award from the Hong Kong Award 2016 for his course, Institution of Science. “Chemistry in Everyday Life”.

19 20 21 Robocon Team ROV Team ROV Team

22 23 24 25 Smart Car Team Menglong Zeng (right) Li Chen (middle) Quanming Yao Hong Zhang

62 HKUST 2016-2017 Annual Report Awards and Recognitions

26 27 28 29 Grace Tin Wai Lam, Chun Kit Tam and Ernest Man-hing Hung, Johnny Hercules Kai Ho Chan and Wendy Cheng and Maryellen Wat Ming Lun Cheung Jong-chin Lam and Sahil Mohnani Harry Kai Ho Chan

30 31 32 33 Mechanical and Aerospace Engineering Prof Garvin Percy Dias Karen Ka Wun Wong (left) Dr Jason Chan undergraduate team

HONORARY DOCTORATES AND HONORARY FELLOWS Honorary Doctorates Dr Gerald L Chan, Chairman and Co-founder of the Morningside Group

Prof Ingrid Daubechies, James B Duke Professor of Mathematics and Electrical and Computer Engineering at Duke University

Prof Robert S Langer, David H Koch Institute Professor at Massachusetts Institute of Technology

Mr Liu Chuanzhi, Chairman of the Board of Legend Holdings Corporation and Founder of Lenovo Group Limited

Prof Kam Biu Luk, Professor of Physics at the University of California, Berkeley

Prof Elizabeth J Perry, Henry Rosovsky Professor of Government at Harvard University and Director of the Harvard-Yenching Institute

Honorary Fellows Mr John B Harrison, former Chairman of KPMG Asia Pacific

Ms Anita Fung Yuen Mei, BBS, JP, former CEO for Hong Kong at HSBC

Prof Cheng Shiu Yuen, Emeritus Professor of Mathematics at HKUST

63 CALENDAR OF EVENTS

2016 AUG The School of Engineering organized its first Technology Leadership and Entrepreneurship Youth Camp, a five- day introduction to entrepreneurship JUL for secondary school students. SEP HKUST hosted the 57th International The School of Business and Mathematics Olympiad, with more than Management hosted the “New Role of 1,000 mathematical talents from over China in the World Economy” 100 countries and regions participating conference in Beijing as part of HKUST’s in the large-scale event. 25th Anniversary global celebrations.

The University announced the signing of agreements with four leading higher education institutions at the inaugural Prof Sir Christopher Pissarides, 2010 Nobel Times Higher Education Asia Universities Laureate in Economics and IAS Helmut & Summit: the University of Glasgow, Anna Pao Sohmen Professor-at-Large at the Jagiellonian University, University of HKUST Jockey Club Institute for Advanced Warwick and University of Waterloo. Study (IAS), provided insights into the The agreements will foster student impact of Brexit on global economies as part international exchange opportunities. of the BizInsight@HKUST seminar series. The Summit was jointly presented by HKUST in June 2016.

HKUST hosted a conference on the “Splendor of Modern and Contemporary Chinese Literature”, chaired by Prof Jianmei Liu (Humanities).

64 HKUST 2016-2017 Annual Report OCT The Kellogg-HKUST Executive MBA (EMBA) program was ranked first in the world in the Financial Times Global NOV Executive MBA Ranking survey. The University’s 24th Congregation conferred honorary doctorates on six distinguished academics and community leaders.

IAS and the Hong Kong Branch of the Chinese National Engineering Research Center for Heavy Metal Pollution Control and Treatment at HKUST co-organized HKUST rose one place to No.13 the “IAS Summit Hong Kong – Inventing worldwide and remained No.1 in Today Imagining Tomorrow for Water Greater China in the high-profile Pollution Control”. annual Global Employability University Ranking 2016. HKUST graduates have ranked in the world’s top 20 most DEC employable and as the most employable Prof Michael Wong (Physics) organized in Greater China for the past four years. the 16th Japan-China-Korea Joint Workshop on Neurobiology and Neuroinformatics, which focused on deep learning and visual information processing.

The Division of Environment and Sustainability held a Climathon conference on “Extreme Heat, Extreme Density: Problems and Solutions”. HKUST celebrated the opening of the Academy for Bright Future Young Engineers. The Academy provides opportunities for HKUST engineering students to serve as mentors and engage secondary school students in authentic engineering experience.

65 MAR The University and Consulate General of France in Hong Kong and Macau jointly established the France-HKUST Innovation Hub.

2017

FEB Prof Yi Wang (Physics) gave a public The HKUST Jockey Club Hall was talk on “The Universe: Past, Now and officially opened. The new residential Future” at the Hong Kong Space JAN building at Tseung Kwan O provides 512 Museum. HKUST received a donation from bed spaces for undergraduate students. Kingworld Medicines Group to support the University’s Center for Chinese Medicine R & D and student exchange activities at the School of Business and Management.

The Intimacy of Creativity 2017 The Kellogg-HKUST Executive MBA was ranked the world’s Contemporary Song Festival was top program in Quacquarelli Symonds’ inaugural Global presented in collaboration with the EMBA Rankings table. New York Festival of Song and Asia Society Hong Kong Center.

66 HKUST 2016-2017 Annual Report Calendar of Events

APR The Intimacy of Creativity 2017 Instrumental Chamber Music Festival took place. Compositions included works by JUN IAS Helmut and Anna Pao Sohmen Professor-at-Large Prof HKUST conferred Honorary Fellowships Bright Sheng, Distinguished Guest Composer Marc on three distinguished leaders. Satterwhite, and Composer Fellows.

Two prestigious Gordon Research Conferences, on Particle Physics and on Topological and Correlated Matter, were held at the HKUST Jockey Club Institute for Advanced Study. MAY The Big Data Institute of HKUST held its first Big Data and AI Day, gathering leading academics and industry practitioners to share information and insights into the future of these high-impact research and development areas.

The Division of Humanities organized a two-day Literature and Philosophy International Symposium.

67 FACTS AND FIGURES

STUDENTS STUDENT ENROLMENT (as of 30 Sep 2017)

Postgraduate School/ Area Undergraduate Total Research Taught Science 2,076 579 384 3,039 Engineering 3,341 1,210 945 5,496 Business and Management 3,449 105 1,313 4,867 Humanities and Social Science 234 71 167 472 Joint School/Interdisciplinary Programs 654 55 223 932 HKUST Fok Ying Tung Graduate School 0 1 0 1 Total 9,754 2,021 3,032 14,807

NON-LOCAL STUDENT ENROLMENT (2016-17)

Postgraduate Home Country Undergraduate Total Research Taught Mainland China 679 1,373 1,510 3,562 Other Places in Asia 694 183 220 1,097 Rest of the World 183 75 143 401 Total 1,556 1,631 1,873 5,060

UNDERGRADUATE EXCHANGES (2016-17)

Host/ Destination Region Exchange-in % Exchange-out % Mainland China 66 6.1 20 2.2 Asia 141 13.1 178 19.3 North America 416 38.7 279 30.3 Central and South America 3 0.3 1 0.1 Europe 442 41.1 429 46.6 Australia and New Zealand 8 0.7 13 1.4 Africa 0 0 0 0 Total 1,076 100 920 99.9

GRADUATE NUMBERS (2017)

Postgraduate School/ Area Undergraduate Total Research Taught Science 467 128 193 788 Engineering 795 298 765 1,858 Business and Management 714 30 942 1,686 Humanities and Social Science 45 28 142 215 Joint School/Interdisciplinary Programs 134 11 103 248 Total 2,155 495 2,145 4,795

68 HKUST 2016-2017 Annual Report EMPLOYMENT (2016)

Postgraduates Undergraduates Taught Master PhD MPhil (Except MBA) MBA Employment Situation % % % % % Employed 82.9 60.8 33.6 32.7 100 Further Studies 11.7 1.9 43 6.1 0 Returned to Home Country or Emigrated 1.5 34.8 22.4 60.1 0 Others 3.9 2.4 0.9 1 0 Employment Situation by Industry % % % % % Commerce and Business 55.6 6.7 26.9 56.1 75.9 Engineering and Industry 30.6 15 26.9 24 20.7 Education 6.9 76.7 41.8 15.1 1.1 Government and Related Organizations 3.2 1.7 4.5 4.1 0 Community and Social Services 3.7 0 0 0.7 2.3

Percentages may not add up to 100%, as they are rounded to the nearest percent.

FACULTY FACULTY MEMBERS (as of 30 Jun 2017) (Full-time Equivalent)^

School/ Area Regular Visiting Total Science 146 19 165 Engineering 200 12 212 Business and Management 131 13 144 Humanities and Social Science* 149 6 155 Interdisciplinary Programs 15 3 18 Total 641 53 694

^ The above faculty numbers are reported in Full-time Equivalent (FTE) basis to reflect faculty’s service distribution to each school. * The teaching staff of the Centre for Language Education are included following its merger with SHSS on 1 July 2012.

RESEARCH NO. OF NEW RESEARCH PROJECTS AND FUNDING (2016-17)

Number Funding (in HK$M) UGC 448 117.6 RGC 218 191.3 Others 455 382 Total 1,084* 690.9**

* No. of projects does not add up due to projects with multiple sponsors. ** Includes R&D projects administrated by R and D Corporation and Mainland platforms.

NO. OF PATENTS (2016-17)

Filed 205 Granted 134

69 INTERNATIONAL RANKINGS HKUST No. 2 in the world (World’s Top 150 Universities Under 50, QS Top 50 Under 50 2018) No. 3 in Asia (Asia’s Top 400 Universities, QS Asian University Rankings 2018) No. 30 in the world (World’s Top 1,000 Universities, QS World University Rankings 2018) No. 44 in the world (World’s Top 1,000 Universities, Times Higher Education World University Rankings 2018) No. 12 in the world (Global Employability University Ranking 2017, Emerging) School of Science No. 1 in Hong Kong, No. 27 in the world (World’s Top 500 Universities in Chemistry, QS World University Rankings by Subject 2017) No. 43 in the world (World’s Top 400 Universities in Mathematics, QS World University Rankings by Subject 2017) No. 1 in Hong Kong, No. 23 in the world (World’s Top 300 Universities in Materials Sciences, QS World University Rankings by Subject 2017) No. 86 in the world (World’s top 500 Universities in Life Sciences, Times Higher Education World University Rankings 2018) School of Engineering No. 1 in Hong Kong, No. 28 in the world (World’s Top 300 Universities in Computer Science, Times Higher Education World University Rankings 2018) No. 2 in Greater China, No. 18 in the world (World’s Top 500 Universities in Engineering and Technology, Times Higher Education World University Rankings 2018) No. 1 in Hong Kong, No. 19 in the world (World’s Top 500 Universities in Computer Science and Information Systems, QS World University Rankings by Subject 2017) No. 1 in Hong Kong, No. 23 in the world (World’s Top 400 Universities in Mechanical, Aeronautical and Manufacturing Engineering, QS World University Rankings by Subject 2017) No. 26 in the world (World’s Top 200 Universities in Civil and Structural Engineering, QS World University Rankings by Subject 2017) No. 1 in Hong Kong, No. 29 in the world (World’s Top 400 Universities in Electrical and Electronic Engineering, QS World University Rankings by Subject 2017) No. 2 in Greater China, No. 29 in the world (World’s Top 300 Universities in Chemical Engineering, QS World University Rankings by Subject 2017) No. 2 in Greater China, No. 6 in the world (World’s Top 200 Universities in Transportation Science & Technology, Global Ranking of Academic Subjects, Academic Ranking of World Universities 2017) No. 1 in Hong Kong, No. 16 in the world (World’s Top 200 Universities in Telecommunication Engineering, Global Ranking of Academic Subjects, Academic Ranking of World Universities 2017)

70 HKUST 2016-2017 Annual Report Facts and Figures

School of Business and Management Kellogg-HKUST EMBA Program: No. 1 in the world (Global EMBA Rankings, Financial Times 2017) (QS Global Joint EMBA Rankings 2017) Full-Time MBA Program: No. 15 in the world (Global MBA Rankings, Financial Times 2017) No. 2 in Asia, No. 20 in the world (World’s Top 300 Universities in Business and Management Studies, QS World University Rankings by Subject 2017) No. 26 in the world (World’s Top 200 Universities in Statistics and Operational Research, QS World University Rankings by Subject 2017) No. 1 in Asia, No. 17 in the world (World’s Top 200 Universities in Accounting and Finance, QS World University Rankings by Subject 2017) No. 1 in Greater China, No. 24 in the world (World’s Top 400 Universities in Economics and Econometrics, QS World University Rankings by Subject 2017) No. 1 in Asia, No. 26 in the world (University of Texas at Dallas (UTD) Top 100 Business School Research Rankings 2017, based on research contributions in 2012-2016) No. 1 in Asia, No. 14 in the world (World’s Top 200 Universities in Business & Economics, Times Higher Education World University Rankings 2018) No. 27 in the world (World’s Top 400 Universities in Social Sciences and Management, QS World University Rankings 2017) No. 1 in Asia, No. 29 in the world (World’s Top 400 Universities in Business Administration, Global Ranking of Academic Subjects, Academic Ranking of World Universities 2017) No. 21 in the world (World’s Top 400 Universities in Management, Global Ranking of Academic Subjects, Academic Ranking of World Universities 2017) No. 32 in the world (World’s Top 200 Universities in Finance, Global Ranking of Academic Subjects, Academic Ranking of World Universities 2017) School of Humanities and Social Science No. 27 in the world (World’s Top 400 Universities in Social Sciences and Management, QS World University Rankings 2017) No. 61 in the world (World’s Top 400 Universities in Social Sciences, Times Higher Education World University Rankings 2018)

71 APPENDICES

APPENDIX 1

COURT, COUNCIL AND SENATE As of 30 June 2017

COURT MEMBERSHIP Dr John C C Chan GBS, JP Chairman & Honorary Chairman Dr the Hon Sir Sze-Yuen Chung GBM, JP Dr the Hon Vincent H S Lo GBM, GBS, JP Honorary Chairman Honorary Chairman Ex-Officio Members The Hon Andrew Liao Cheung-Sing GBS, SC, JP Prof Wei Shyy Chairman of the Council Executive Vice-President & Provost Prof John Chai Yat-Chiu JP (Vacant) Vice-Chairman of the Council President of the Students’ Union Prof Patrick Yeung Kai-Cheung Mr Dicky Yuen Treasurer of the University President of the Alumni Association Prof Tony F Chan JP Mr Donny K M Siu President of the University Chairman of the Staff Association Honorary Members The Hon Sir David Akers-Jones GBM, JP Dr Simon S O Ip GBS, JP Dr Charles S C Chan BBS, JP Prof Roger King Dr Robin Y H Chan GBS, JP Mr Walter P S Kwok JP The Hon Ronnie C Chan GBM Dr Lau Wah-Sum GBS, JP Dr Thomas T T Chen The Hon Lau Wong-Fat GBM, GBS, JP Dr Christopher Cheng GBS, OBE, JP Dr the Hon Charles Y K Lee GBM, GBS, JP Dr the Hon Henry Cheng GBM, GBS Dr the Hon Lee Shau-Kee GBM Dr Cheng Hon-Kwan GBS, OBE, JP Dr the Hon Andrew K N Li GBM Mr Paul M F Cheng JP Ms Kai-Yin Lo SBS Mr Linus W L Cheung JP Mr Winston Yau-Lai Lo SBS Dr Raymond K F Ch’ien GBS, JP Dr the Hon Lui Che-Woo GBM, GBS, MBE, JP Dr Alice Chiu BBS, JP Mr Tim Lui Tim-Leung SBS, JP Dr Paul M Y Chow GBS, JP Dr Michael H H Mak SBS, JP Dr Stephen Chow GBS, JP Dr Anthony Neoh SC, JP Dr Chow Yei Ching GBS Mr David Teng Pong Dr Kenneth H Fang GBS, JP Mr Sin Chung-Kai SBS, JP Mr Tim Freshwater Mr Kenneth Ting Woo-Shou SBS, JP Dr William K Fung SBS, JP Mrs Christine Wong SBS Dr Aron H Harilela JP Dr Lawrence T Wong Mr John B Harrison Dr Wilfred Y W Wong GBS, JP The Hon Hu Fa-Kuang GBM, GBS, CBE, JP Ms Marjorie Yang GBS, JP Mr Herman S M Hu SBS, JP Dr Larry C K Yung Mr Lester G Huang JP Appointed Members Mr Bernard Auyang The Hon Starry Lee Wai-King SBS, JP Dr Anissa Chan BBS, MH, JP Dr Raymond Leung Siu-Hong Dr Ian Chan Yau-Nam MH Mr Sing-Cheong Liu JP Mr Herbert S Cheng Jr Mr Raymond C Lo Ms Lai-Yuen Chiang JP Mr Francis Lui Yiu-Tung Mrs Susan Chow Mr Maximilian Yung-Kit Ma Mr Ian C W Fok SBS, JP Mr Daryl Ng Win-Kong JP Dr Patrick Y B Fung JP The Hon Abraham Shek Lai-Him GBS, JP Mrs Yvette Yeh Fung Mrs Audrey Slighton Dr Hans Michael Jebsen BBS Dr James E Thompson GBS Mr David W H Lee Mr Wang Shi Mr Marcus C W Lee Mr Samuel Tat-Sum Wong Ms Margaret Lee Pui-Man Mr Patrick Yeung Wai-Tim Ms Rose Lee Wai-Mun JP Appointed Senate Prof David K Banfield Prof Charles W W Ng Representatives Prof I-Ming Hsing Prof Min Yan

72 HKUST 2016-2017 Annual Report COUNCIL MEMBERSHIP The Hon Andrew Liao Cheung-Sing GBS, SC, JP Prof Wei Shyy Chairman Executive Vice-President & Provost Prof John Chai Yat-Chiu JP Prof Nancy Y Ip BBS, MH, JP Vice-Chairman Vice-President for Research and Graduate Studies Prof Patrick Yeung Kai-Cheung Prof Tim Kwang-Ting Cheng Treasurer of the University Dean of Engineering Prof Tony F Chan JP Prof Enboa Wu President of the University Dean of HKUST Fok Ying Tung Graduate School Academic Members of the Prof Christopher Yu-Hang Chao Prof Roger Shu-Kwan Cheng Senate Chairman of Convocation Mr Alvin Lam Elected Staff Member Dr Tony Lam Wai-Leung Elected Student Member Mr Chris Lau Yan-Chun Members Not Being Employees Mr Johnson Cha Mou-Daid Mr Quinn Y K Law SBS, JP or Students of the University The Hon Ben Chan Han-Pan JP Mr Michael Lee Tze-Hau JP Mr Nicholas Chan Hiu-Fung MH Ms Catherine K C Leung Mr David Fong Man-Hung BBS, JP Mr Kyran Sze MH Mr Wilson Fung Ying-Wai Ms Woo Chun-En Jennifer Prof Albert Yuk Keung Ip Mr Michael Wu Wei-Kuo Prof Jack Lau Mr Stephen Yiu Kin-Wah

SENATE MEMBERSHIP Prof Tony F Chan President Chairman Prof Wei Shyy Mr Mark Hodgson Executive Vice-President & Provost Vice-President for Administration and Business Dr Eden Y Woon Prof Nancy Y Ip Vice-President for Institutional Advancement Vice-President for Research and Graduate Studies School of Science Prof Yang Wang, Dean Prof Xiaoping Wang, Acting Prof Michael S Altman Prof Jun Xia Prof Bradley A Foreman Prof Min Yan Prof Karl Herrup Prof Jianzhen Yu Prof Zhenyang Lin School of Engineering Prof Tim Kwang-Ting Cheng, Dean Prof Hong-Kam Lo Prof Man-Sun Chan Prof Huihe Qiu Prof Christopher Yu-Hang Chao Prof Bertram Shi Prof Guanghao Chen Prof Qiang Yang Prof Guillermo Gallego Prof Shuhuai Yao Prof Henry Lam, Acting School of Business and Prof Kar-Yan Tam, Dean Prof J T Li Management Mr Sean Ferguson Prof Anirban Mukhopadhyay Prof Albert Ha Prof Anaimalai V Muthukrishnan Prof Mingyi Hung, Acting Prof James Y L Thong Prof Siu-Fai Leung Prof Chu Zhang, Acting School of Humanities and Prof James Lee, Dean Prof Kellee Tsai Social Science Prof Billy Kee-Long So Prof Xiaogang Wu HKUST Fok Ying Tung Prof Enboa Wu, Dean Graduate School Dean of Students Dr Robert Wessling Interdisciplinary Prof King-Lau Chow, Director Prof I-Ming Hsing Programs Office Prof Jimmy Fung Prof Xun Wu Elected Members of the Prof Pak-Wo Leung Prof Zilong Wen Academic Staff Prof Weiping Li

73 Co-opted Members of the Prof David K Banfield Prof Ravindra S Goonetilleke Academic Staff Prof Che-Ting Chan Prof Robert K M Ko Prof Roger Shu-Kwan Cheng Prof Charles W W Ng Prof Andrew Cohen Prof Karl W K Tsim Prof Bradley A Foreman Prof Min Yan Directors Mr James Prince, Academic Registrar Mrs Pandora Yuen, Student Affairs Ms Diana L H Chan, Library Student Representatives (Vacant), President of Students’ Union Mr Awais Farid, Postgraduate Representative Mr Cyrus Chun-Yin Wong, Undergraduate Representative

MEMBERSHIP OF STANDING COMMITTEE Chairman The Hon Andrew Liao Cheung-Sing Vice-Chairman Prof John Chai Yat-Chiu Members Prof Tony F Chan Mr Michael Lee Tze-Hau Mr David Fong Man-Hung Ms Catherine K C Leung Mr Mark Hodgson Prof Wei Shyy Prof Albert Yuk Keung Ip Mr Kyran Sze Prof Nancy Y Ip Dr Eden Y Woon Prof Jack Lau Mr Michael Wu Wei-Kuo Mr Quinn Y K Law Prof Patrick Yeung Kai-Cheung

MEMBERSHIP OF AUDIT COMMITTEE Chairman Mr Quinn Y K Law Members Mr Nicholas Chan Hiu-Fung Mr Robert Gazzi Mr Wilson Fung Ying-Wai

MEMBERSHIP OF CAMPUS DEVELOPMENT COMMITTEE Chairman Mr Kyran Sze Vice-Chairman Mr David Fong Man-Hung Members Mr Thomas Chan Chun-Yuen Mr Chris Lau Yan-Chun Dr Tony Lam Wai-Leung Ex-officio Mr Mark Hodgson

MEMBERSHIP OF FINANCE COMMITTEE Chairman Prof Patrick Yeung Kai-Cheung Members Mr Johnson Cha Mou-Daid Mr Ronald Seng-Yum Tham Prof Albert Yuk Keung Ip Mr Stephen Yiu Kin-Wah Mr Michael Lee Tze-Hau Ex-officio Prof Wei Shyy Mr Mark Hodgson

MEMBERSHIP OF HONORARY AWARDS COMMITTEE Chairman The Hon Andrew Liao Cheung-Sing Vice-Chairman Prof Tony F Chan Members Prof John Chai Yat-Chiu Prof Albert Y Ha Dr Charles S C Chan Ms Catherine K C Leung Prof Che Ting Chan The Hon Abraham Shek Lai-Him Prof Ping Gao Prof Billy Kee-Long So

74 HKUST 2016-2017 Annual Report Appendices

MEMBERSHIP OF HUMAN RESOURCES COMMITTEE Chairman Mr Michael Wu Wei-Kuo Vice-Chairman Prof Albert Yuk Keung Ip Members Ms Catherine K C Leung Ms Woo Chun-En Jennifer Dr Michael H H Mak Mr Stephen Yiu Kin-Wah Ex-officio Prof Tony F Chan Mr Mark Hodgson Prof Wei Shyy

MEMBERSHIP OF INSTITUTIONAL ADVANCEMENT AND OUTREACH COMMITTEE Chairman Ms Catherine K C Leung Vice-Chairman Mr Michael Lee Tze-Hau Members Mr Bernard Auyang Ms Margaret Lee Pui-Man Dr Charles S C Chan Mr Maximilian Yung-Kit Ma Mrs Yvette Yeh Fung Mr Daryl Ng Win-Kong Prof Roger King Dr James E Thompson Mr Anish Lalvani Mr Philip Tsai Prof Jack Lau Ms Woo Chun-En Jennifer Mr David W H Lee Ex-officio Dr Eden Y Woon Prof Kar-Yan Tam Prof James Lee

MEMBERSHIP OF KNOWLEDGE TRANSFER COMMITTEE Chairman Prof John Chai Yat-Chiu Vice-Chairman Prof Jack Lau Members Mr Nicholas Chan Hiu-Fung Prof Ping Sheng Mr Peter Cheung Kam-Fai Prof Chi-Ying Tsui Ms Catherine K C Leung Mr Michael Wu Wei-Kuo Ex-officio Prof Wei Shyy Prof Enboa Wu

MEMBERSHIP OF SENIOR EXECUTIVES AFFAIRS COMMITTEE Chairman The Hon Andrew Liao Cheung-Sing Vice-Chairman Prof John Chai Yat-Chiu Members Mr Michael Wu Wei-Kuo Prof Patrick Yeung Kai-Cheung

For the attendance and biographies of Council Members, please visit: https://www.ab.ust.hk/ccss/Council.htm

75 APPENDIX 2 ADVISORY COMMITTEE

SCHOOL OF SCIENCE ADVISORY COMMITTEE Prof Marvin Cohen Prof Patrick Lee Prof Xiaodong Wang University Professor, Department of Physics, William & Emma Rogers Professor of Physics, Director and Investigator, National Institute University of California, Berkeley, USA Division Head, Atomic, Biological, of Biological Sciences, Beijing, PR China Condensed Matter and Physics, Prof Roger E Howe Massachusetts Institute of Technology, USA Prof Weitao Yang Professor, Department of Mathematics, Philip Handler Professor of Chemistry, Yale University, USA Prof George Papanicolaou Department of Chemistry, Duke University, Robert Grimmett Professor in Mathematics, USA Prof Roberto Kolter Department of Mathematics, Professor, Department of Microbiology and Stanford University, USA Prof King-Wai Yau Immunology, Harvard Medical School, USA Professor of Neuroscience, The Solomon Prof Randy Schekman H. Snyder Department of Neuroscience, Prof Jean-Marie Lehn Howard Hughes Investigator and Professor Johns Hopkins University, USA Director of the Supramolecular Chemistry of Cell and Developmental Biology, Laboratory, Institut de Science et d’Ingénierie Department of Molecular and Cell Biology, Supramoléculaires (ISIS), Université Louis University of California, Berkeley, USA Pasteur, Strasbourg, France

SCHOOL OF ENGINEERING ADVISORY COMMITTEE Dr Frank Fuk-kay Tong Dr Kaifu Lee Ir Dr Wai-kwok Lo Chief Executive Officer Chairman & Chief Executive Officer Member of Legislative Council (Engineering Hong Kong Applied Science and Technology Sinovation Ventures Functional Constituency) of the Hong Kong Research Institute (ASTRI) Special Administrative Region Dr Hongjiang Zhang Mr Oscar Chow Former Chief Executive Officer Mr Paul Poon Non-Executive Director Kingsoft and Kingsoft Cloud Vice Chancellor – CLP Power Academy Chevalier Group CLP Power Hong Kong Limited Mr Victor Ng Ir Prof Daniel MC Cheng Managing Director Dr Xinguo Zhang Managing Director, Dunwell Group Micom Tech Limited Executive Vice President and CIO Chairman, Federation of Hong Kong Aviation Industry Corporation of China (AVIC) Industries Dr Ben Wang Chief Technology Officer Ir Chi Chiu Chan Cainiao Immediate Past President The Hong Kong Institution of Engineers

SCHOOL OF BUSINESS AND MANAGEMENT ADVISORY COUNCIL Chairman Dr Hans Michael Jebsen BBS Chairman Jebsen & Co Ltd

Members Prof Sally Blount Dato’ Cheng Hye Cheah Mr Eric Fok Kai Shan Dean Chairman and Co-Chief Investment Officer Vice President Kellogg School of Management, Value Partners Group Ltd Fok Ying Tung Group Northwestern University Mr Philip Chen GBS, JP Dr William Fung Kwok Lun SBS, OBE, JP Mr Louis McDaniel Bowen Managing Director Group Chairman Chairman and Chief Executive Officer Hang Lung Properties Li & Fung Ltd Asia Capital Management Limited and China Advisors Limited

76 HKUST 2016-2017 Annual Report Appendices

Ms Wendy Gan Mr Michael Lee JP Mr Sukanto Tanoto Senior Advisor Director Chairman Pacific Century Premium Oxer Ltd RGE Pte Ltd Developments Limited Ms Catherine Leung Dr James E Thompson GBS Mr Benjamin Hung Pi Cheng BBS, JP Principal and Founding Partner Chairman Regional CEO, Greater China & North Asia MizMaa Ventures Ltd Crown Worldwide Holdings Ltd CEO, Retail Banking Standard Chartered Bank Mrs Margaret Leung SBS, JP Mr Andy Tung Deputy Chairman and Managing Director Chief Executive Officer Prof Albert Ip Yuk Keung Chong Hing Bank Ltd Orient Overseas Container Line Ltd Chief Executive Officer Langham Hospitality Investments Limited Ms Nisa Leung Dr Rosanna Wong Yick Ming DBE, JP Managing Partner Executive Director Mr Keith Kerr SBS, JP Qiming Venture Partners The Hong Kong Federation of Youth Groups Chairman The Development Studio Ltd Mr Sing Cheong Liu JP Mr Douglas Woo Chun Kuen Chairman Chairman and Managing Director Ms Teresa Ko Yuk Yin JP My Top Home (China) Holdings Ltd Wheelock and Company Ltd China Chairman Freshfields Bruckhaus Deringer Dr Vincent H. S. Lo GBM, GBS, JP Mr Thomas Jefferson Wu Chairman Managing Director Mr Manoj Kohli Shui On Holdings Ltd Hopewell Holdings Ltd Executive Chairman Softbank Energy Mr Maximilian Y K Ma Mr Arthur Yuen Kwok Hang JP Chairman Deputy Chief Executive Mr Anish Lalvani Lee Heng Diamond Group Hong Kong Monetary Authority Chairman Euro Suisse International Ltd Mr Anthony Nightingale CMG, SBS, JP Mrs Betty Yuen So Siu Mai Director Vice Chairman Dr Jack Lau Jardine Matheson Holdings Ltd CLP Power Hong Kong Ltd Founder and Former Chairman & CEO Perception Digital Ltd Mr Wai Kwong Seck Mr Shengman Zhang Chief Executive Officer, Asia Pacific Former Chairman, Asia Pacific Mr David Lee State Street Bank and Trust Co Citi Director Lee Kum Kee Company Limited

SCHOOL OF HUMANITIES AND SOCIAL SCIENCE ADVISORY COMMITTEE Prof Angela Ki Che Leung Prof Lydia Liu Prof Andrew Walder Chair Professor of History Wu Tsun Tam Professor in Humanities Denise O’Leary and Kent Thiry Professor Joseph Needham-Philip Mao Professor in Professor of Chinese and Comparative Department of Sociology Chinese History, Science & Civilization Literature Stanford University Hong Kong Institute for the Humanities and Columbia University Social Sciences Prof Yunxiang Yan The University of Hong Kong Prof Kenneth Pomeranz Professor Department Chair Department of Anthropology University Professor of Modern Chinese UCLA History and in the College University of Chicago

INTERDISCIPLINARY PROGRAMS OFFICE ADVISORY BOARD Prof Donald R Blake Prof Gad Allon Professor, Chemistry Director of the Jerome Fisher Program in School of Physical Sciences Management & Technology Program Professor, Earth System Science Jeffrey A Keswin Professor and School of Physical Sciences Professor of Operations, University of California, Irvine Information and Decisions University of Pennsylvania, USA Prof Roger R Stough University Professor Prof Steven Kou Schar School of Policy and Government Professor, Mathematics George Mason University Director, Risk Management Institute National University of Singapore 77 APPENDIX 3 FINANCE

OVERVIEW The Financial year 2016/17 recorded a surplus of $581 million ($316 million for 2015/16). The higher surplus for 2016/17 was mainly attributable to a very favourable investment return, but partly offset by lower donation following the conclusion of the 25th Anniversary fund-raising campaign.

CONSOLIDATED INCOME AND EXPENDITURE The consolidated income increased by $559 million to $4,877 million in 2016/17 ($4,318 million in 2015/16), contributed by a growth in investment income for $652 million, a reduction in donation income of $250 million, with the remainder increase mainly due to the usual additional University Grants Committee (“UGC”) supplementary grants for General Pay Adjustment (“GPA”) on salaries.

The consolidated expenditure increased by $286 million to $4,304 million ($4,018 million in 2015/16) which was mainly attributable to higher salary costs arising from GPA, general increases in teaching and research activities, growth in student expenses on scholarships and operating expenses for expanded student accommodation, as well as higher repair and maintenance costs for campus buildings.

SEGMENT RESULTS Commentary on the operating segments, analysed by UGC-Funded Activities and non-UGC Funded Activities, is as follows:

UGC-Funded Activities UGC-Funded Activities showed a surplus of $186 million (deficit $28 million for 2015/16). The 2016/17 surplus primarily came from the favourable investment return. The University has continued to build up the UGC reserves which stood at $2,541 million ($2,355 million in 2015/16).

Non-UGC Funded Activities Self-Financing Continuing Professional Education Programs (“CPEP”), Research and Other Activities Self-financing CPEP activities contributed a surplus of $103 million ($135 million for 2015/16) to the University. Non-UGC funded research contributed a surplus of $14 million ($17 million for 2015/16), mainly from completed commercial research projects and government subsidies. The operating surplus from other non-UGC funded activities excluding donation achieved $156 million (deficit of $3 million for 2015/16), contributed by higher investment returns from the retained non-UGC reserves. In aggregate, the overall surplus of these operating segments amounted to $273 million ($149 million for 2015/16).

Donations Activities After the phenomenal success of the 25th Anniversary fund raising campaign in the previous year, income from donation dipped to $66 million for 2016/17 ($316 million for 2015/16). The reduction in donation income in the year was partly compensated by the higher investment return. Overall the segment showed a surplus of $122 million ($195 million for 2015/16).

Non-UGC Reserves Non-UGC reserve balances stood at $5,236 million at the end of 2016/17 ($4,440 million for 2015/16). Apart from surpluses from the aforestated self-financing activities, the growth in the reserve balances was partly attributable to recognition in the Investment Revaluation Reserve, with an un-realised gain close to $400 million arising from investment in an unlisted company.

CAPITAL EXPENDITURE A number of construction projects are underway for enhancing the University’s facilities to cater for accommodation and amenity needs of students, as well as infrastructure for academic and research activities. They include the multi-purpose auditorium, residence apartment for research postgraduate students, indoor sports centre, waterfront facilities and animal care facility.

As at 30 June 2017, the total commitments for approved construction projects and other capital items amounted to $1,713 million: $51 million of which will be funded by deferred income on hand, $1,238 million from existing University’s Funds, $89 million by approved but yet to be received UGC grants, and $335 million by pledged donations.

OUTLOOK The University has started to incorporate environment, social and corporate governance (ESG) factors in its investment policy. The University’s financial position is healthy and the Management is actively enhancing and improving its infrastructure to cater for the University’s long term needs. The University is also exploiting opportunities to invest in innovative initiatives and projects, in pursuit of the University’s academic mission.

78 HKUST 2016-2017 Annual Report Appendices

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2017

2017 2016 $ million $ million Income Government Subventions and Grants 2,456 2,334 Tuition, Programs and Other Fees 1,099 1,104 Interest and Investment Income 646 (6) Donations and Benefactions 66 316 Auxiliary Services and Other Income 364 353 Transfers from Deferred Capital Funds 246 217 4,877 4,318 Expenditure Teaching, Learning and Research Teaching and Research 2,710 2,528 Library 111 108 Central Computing Facilities 131 118 Other Academic Services 86 106 3,038 2,860 Institutional Support Management and General 313 289 Premises and Related Expenses 628 574 Student and General Education Services 275 246 Other Activities 50 49 1,266 1,158 4,304 4,018 Surplus from operation for the year 573 300 Share of Result of an Associate 8 15 Share of Result of a Joint Venture 0 1 Surplus for the year before taxation 581 316 Taxation 0 0 Surplus for the year after taxation 581 316 Other comprehensive income for the year Items that may be reclassified subsequently to income and expenditure: Unrealised gain / (loss) on Available-for-Sale Financial Assets 403 (4) Exchange differences arising from retranslation (2) (15) 401 (19) Total comprehensive income for the year 982 297 Transfers to / (from): UGC Funds 186 (28) Restricted Funds 19 238 Other Funds 777 87 982 297

79 CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2017

2017 2016 $ million $ million Non-Current Assets Property, Plant and Equipment 5,078 4,976 Intangible Assets 6 7 Held-to-Maturity Financial Assets 69 71 Available-for-Sale Financial Assets 421 18 Financial Assets at Fair Value through Profit or Loss 5,865 5,275 Interest in an Associate 78 73 11,517 10,420 Current Assets Held-to-Maturity Financial Assets 2 0 Inventories 1 1 Accounts Receivable and Prepayments 205 187 Bank Deposits with Original Maturity over Three Months 807 716 Cash and Cash Equivalents 798 888 1,813 1,792 Current Liabilities Accounts Payable and Accruals 731 700 Provision for Staff Benefits 176 165 Deferred Income 725 687 Tax Payable 0 1 1,632 1,553 Net Current Assets 181 239 Total Assets Less Current Liabilities 11,698 10,659 Non-Current Liabilities Provision for Staff Benefits 31 29 Deferred Capital Funds 3,890 3,835 3,921 3,864 NET ASSETS 7,777 6,795

UGC Funds 2,541 2,355 Restricted Funds 1,197 1,177 Other Funds 4,039 3,263 TOTAL FUNDS 7,777 6,795

80 HKUST 2016-2017 Annual Report Appendices

APPENDIX 4 INTERNAL CONTROL AND RISK MANAGEMENT

SUMMARY OF INTERNAL CONTROL AND MEASURES The University has developed a system of internal control comprising both IT application based and manual controls as well as management reporting. In order to receive assurance that the system of internal control is effective and operating satisfactorily, the following arrangements are in place:

(a) A Control Self-Assessment Program requires individual units to self-review periodically the controls for which they are responsible and communicate the results to Management for follow-up action. This Program aims to raise awareness of internal control throughout the University and helps to assess the adequacy of the University’s control processes.

(b) A consulting firm is appointed as the University’s internal auditors to perform risk based independent reviews on the adequacy and effectiveness of the University’s system of internal control and recommend areas for improvement.

(c) In addition to the statutory annual audit of the University’s financial statements, the external auditors also carry out an independent assurance engagement on the University’s compliance with the guidelines, terms and conditions imposed by the Government’s University Grants Committee.

(d) The Audit Committee of the University agrees a program of work for the internal auditors; receives reports and considers control issues raised by the internal auditors and the external auditors. The program of audit work provides assurance that Management has put in place and upholds an effective internal control system.

(e) A Whistle Blowing Policy provides a safe and protected means by which employees and students of the University are enabled to raise concerns with the appropriate University authorities against any malpractice within the institution.

RISK MANAGEMENT Council has approved a new Principal Risk Management Process (“The Process”) to manage major or principal institutional risk, comprising a Statement of Risk Appetite, Risk Policy and Risk Process. The Process complies with the recommendation on management of major institutional risk included in the Newby Report on Governance in UGC-funded Higher Education Institutions in Hong Kong, published on 30 March 2016. Management utilized the Process and presented its 2016-17 Assessment of Principal Risk to Council in October 2017. The following summary is derived from this report.

Overall Conclusion The University faces a number of principal risks and these are classified under three headings according to Policy: Financial Risks, Reputational Risks and Risks to Operations. In general, the Principal Risks identified have appropriate mitigation and the University has reliable sources of assurance that the mitigation is effective. In some cases, Management believes it can strengthen risk mitigation and has identified new actions to be taken. Resource will be focused on implementing these new actions in the coming year.

The University recognizes that new Principal Risks may emerge at any time. Implementation of The Process shall ensure the timely assessment and mitigation of new Principal Risks as they emerge.

Financial Risks The University is dependent on funding from the Government and is therefore exposed to a substantial one off reduction in funding or sustained reduction of a significant part of its funding. The University also derives significant income from non-Government sources, such as its self-financed teaching courses where it is dependent on the competiveness of its offering both locally and internationally. The key mitigations for funding risks are maintaining a high academic reputation in both teaching and research the amount of cash reserve available and pledges for future donations. The University is also exposed to financial risks, mainly market risks on its investments. Investment risk is mitigated by a diversified investment strategy with acceptable risk and return objectives approved by Council and the employment of external advisors and investment managers. The Financial Statements contain further information about financial risks and their mitigation.

81 Reputational Risks The University strives to be a leader in education and research and it is essential it maintains an excellent reputation in these areas and is able to attract and retain the best global talents including students, faculty and staff. The University has broad and robust risk mitigation and assurance in academic areas including the quality of its faculty and UGC’s direct review and assessment. In particular, the University undergoes periodic exercises such as ADP, RAE and QAC audits, each containing a broad range of topics including SWOT analysis. Some of the academic endeavors, such as research and growing parts of knowledge transfer, services and education, are also open to international benchmarking and peer review.

The University places high importance on full compliance with all relevant regulatory requirements, whether academic, operational, accounting, legal, tax, environmental, building code or the specific requirements of funders. It would not knowingly breach any requirements. The key mitigations are the employment of seasoned and qualified staff to ensure compliance, use of professional advisers whenever required, internal control procedures and independent audit.

It is essential that the University upholds the standards expected of a publicly funded institution. The University has a comprehensive code of conduct policy that all its members must comply with. Student welfare, on and off campus, is paramount and the University has implemented various measures to identify and manage any concerns of students. These include confidential access to team of professionally trained counselors if required.

Risks to Operations The University has set itself high academic and non-academic standards, consistent with those of a world-class institution. It strives to ensure its facilities and infrastructure are meeting the expected standard and available at all times. Inevitably there are occasions when the availability or quality of facilities and infrastructure is below the expected standard but this is mitigated by a comprehensive programme of preventative maintenance and in-built infrastructure resilience. Despite all planning and risk management, the University is vulnerable to a disaster whether naturally occurring or deliberately instigated. The University has the key components of a disaster recovery plan already developed, including tested emergency response procedures and restoration of back-up IT systems if necessary.

The University is a complex campus where staff and students, live, work and study with continuous activity to maintain and expand campus facilities. The University has an on-campus medical facility, able to respond to any situations. All contractors on site must comply with Hong Kong Healthy and Safety standards. University sports facilities are suitably supervised with users receiving appropriate training if necessary.

Some University operations require the use of hazardous materials, which can cause serious injury or death if not managed correctly. The University has a comprehensive Environmental Health & Safety (EHS) management program designed to manage this risk.

As an open community, the University is vulnerable to unauthorized penetration of its IT networks, applications and data with potentially serious consequence. The University has a comprehensive cyber security policy and has implemented a variety of security measures including a dedicated team monitoring compliance with policy and any incidents. The University uses external service providers to perform intensive IT audits periodically.

The University has identified the creation of a performance culture as a strategic priority. Ensuring the buy-in of all staff to performance expectations and the related change program and maintaining staff morale during this time is a key risk. This is mitigated by a performance incentive for academic staff and broad staff engagement to communicate the rationale of strategies.

82 HKUST 2016-2017 Annual Report

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