Wong, Nelson(黄志輝)


Professor Nelson Wong joined the School of Hotel and Tourism Management at CUHK Business School in the 2023-24 academic year. Before joining the School, Nelson was the Head of Research at Jones Lang LaSalle HKG, a property consultant firm, in 2019-23. In 2006-18, he was a Portfolio Manager at CBRE Clarion Securities’ Asia-Pacific research team, primarily responsible for the evaluation of listed real estate companies and taking part in asset allocation decisions. Prior to that, Nelson worked in various real estate research and analyst positions at Deutsche Bank, Morgan Stanley and Jones Lang LaSalle. His career in Hong Kong dated back to 1995-97 when he taught at the Economics Department at CUHK.

Teaching Areas

Real Estate Investment and Finance

  • Academic/Professional Services
    • Head of Research, JLL HKG 2019-2023
    • EPRA/NAREIT Asia Index sub-committee member 2014-2018
    • Portfolio Manager, Responsible Officer, CBRE Clarion Securities HKG 2006-2018

Su, Yang(蘇陽)


Prof. Su is an Assistant Professor of Finance at the Chinese University of Hong Kong Business School.

His main research interests include public finance, real estate, banking and Chinese financial markets. In his current research agenda, he focuses on municipal finance and the interactions between government financing behaviors, real estate market and the real economy. Prof. Su is also interested in the information and moral hazard issues in the banking industry.

Teaching Areas


Research Interests

Municipal Finance
Real Estate
Chinese Financial Markets

  • Awards & Honours
    • Bradley Fellowship, University of Chicago, 2023
    • Liew Fama-Miller Fellowship, University of Chicago, 2020&2019
    • Gold Medal in the 51 China Mathematics Olympics, China, 2010

Cheung, Leong(張亮)

Chapter Honoree_Leong Cheung


Mr. Leong Cheung was the Executive Director of Charities & Community at The Hong Kong Jockey Club (HKJC) from August 2014 to July 2022. In this capacity, he was also the co-chair of the Hong Kong Chapter of the United Nations’ Sustainable Development Solutions Network.

Prior to joining the HKJC, Mr. Cheung was the Operating Partner of Bain Capital. Before that, he was the Managing Director of Global Sourcing & Supply Chain at Esquel Group, the founder and CEO of an education focused internet venture, and a senior consultant at the Boston Consulting Group.

Mr. Cheung is active in the community. He is the co-founder of RunOurCity, an innovative social enterprise with the aim of transforming life through running. He currently serves as the chairperson of the Hong Kong Special Administrative Region Government’s Committee on Reduction of Salt and Sugar in Food. He is an Independent Non-executive Director of Kerry Properties Limited since May 2022, an Advisor of Our Hong Kong Foundation and a former Director of the Hong Kong Mortgage Corporation Limited.

Mr. Cheung graduated from The Chinese University of Hong Kong with a Bachelor of Business Administration and obtained a Master of Business Administration from Harvard Business School.

Teaching Areas


Research Interests


  • Awards & Honours
    • Chapter Honoree, Beta Gamma Sigma CUHK Chapter, 2022
    • Honorary Fellowship, Lingnan University, 2019
  • Academic/Professional Services

    Professional/Public Services

    • Independent Non-Executive Director, Kerry Properties Limited, 2022-Present
    • Chairman, Committee on Reduction of Salt and Sugar in Food, 2020-Present
    • Non-Executive Director & Audit Committee Chairman, HKMC Annuity Limited, 2017-2022
    • Non-Executive Director, Hong Kong Mortgage Corporation Limited, 2016-2022
    • Member, Elderly Commission, 2015-2021
    • Member, Hong Kong Quality Migrant Admission Scheme Advisory Committee, Jul 2010-Jun 2016

    Community Services

    • Co-founder/Chairman, RunOurCity, 2021
    • Founding Director & Honorary Advisor, Social Venture Hong Kong, 2007-2021
    • Trustee, Esquel-Y.L.Yang Education Foundation, 2022-2013

    Academic Services

    • Adjunct Professor, Chinese University of Hong Kong, 2015-2020
    • Adjunct Professor, Chinese University of Hong Kong and Hong Kong Polytechnic University, 2014-2017
    • Deputy Chairman, Court of Lingnan University, Aug 2013-Aug 2014
    • Council & Court member, Lingnan University, Oct 2009-Aug 2014

Yang, Liuming(楊柳明)


Prof. Liuming Yang is currently an Assistant Professor of Real Estate at the School of Hotel and Tourism Management at The Chinese University of Hong Kong Business School. He received PhD in Business Administration from Georgia State University, MSc and BS in Finance from Wuhan University. His research focuses on real estate finance and household finance.

Teaching Areas

Real Estate

Research Interests

Real Estate Finance
Household Finance
Behavioral Finance
Financial Intermediary

  • Publications and Working Papers
    • Seiler, M. J., and Yang, L. (2022), “The burgeoning role of iBuyers in the housing market,” Real Estate Economics, forthcoming.

Fung, Kin-keung(馮建強)


Mr. Fung is currently Chairman of Greater China at Jones Lang LaSalle (JLL). He was previously the Chief Executive Officer for Greater China at JLL, where he was responsible for the strategic direction of a business with more than 20,000 employees in 16 corporate offices. He first joined JLL back in 1984, after graduating from the University of Aberdeen with a degree in Land Economics.

In 2003, he was appointed Head of Retail, overseeing the consultancy and marketing of retail premises across Hong Kong, Macau, and mainland China while also serving as Managing Director for Hong Kong. He chairs JLL’s Greater China Executive Leadership Committee. He is also a member of JLL’s Asia Pacific Executive Board.

In 2009, Mr. Fung was appointed to lead the Greater China business and has spent the last decade solidifying JLL’s leadership in China. Under his leadership, the company has opened six new offices across the region, developed new online businesses, and forged stronger relations with both large corporations as well as city government authorities.

Since 2019, he chairs JLL’s Greater China Executive Leadership Committee as CEO and serves as a member of JLL’s Asia Pacific Executive Board. Since then, he has spent the last decade solidifying JLL’s leadership in China.

Mr. Fung cares deeply about social issues and is a key stakeholder in JLL’s Building a Better Tomorrow programme, the firm’s global sustainability initiative. He also has a passion for education, serving as both a member of the Advisory Committee on Hotel and Tourism Management and as a mentor of the Undergraduate Mentorship Programme at the Chinese University of Hong Kong Business School.

Teaching Areas

Real Estate

Tsang, Desmond(曾德銘)


Professor Desmond Tsang is an Associate Professor of Real Estate at the School of Hotel and Tourism Management at CUHK Business School. He also serves as a Co-Director of the Centre for Hospitality and Real Estate Research. He obtained his PhD from University of California at Berkeley majoring in real estate and accounting. His research in real estate specialises in Real Estate Investment Trusts (REITs), Firm Location, and Chinese Real Estate Market. His research interests in accounting include CEO & Corporate Governance, Earnings Management, and Financial Reporting Fraud. Professor Tsang has published in top journals such as Management Science, Review of Accounting Studies, Real Estate Economics, Journal of Real Estate Research and Journal of Real Estate Finance and Economics. Professor Tsang teaches real estate at the undergraduate, masters, and doctoral levels at CUHK. Professor Tsang is actively involved in the academic profession. Notably, he has hosted the Joint International Real Estate Conference in 2023 and has served as the president of both the Asian Real Estate Society (AsRES) and the Global Chinese Real Estate Congress (GCREC) for the term 2022-2023.

Teaching Area

Real Estate

Research Interests

Real Estate Investment Trusts (REITs)
Firm Location
Chinese Real Estate Market
CEO & Corporate Governance
Earnings Management
Financial Reporting Fraud

  • Grants
    • Alrov Institute of Real Estate Research, with Maggie Hu and Wayne Wan, $NIS 30,000, 2021-2022
    • CPA Canada – CAAA Financial Accounting, Assurance & Tax Research Grant, with Ming Liu and Jingjing Zhang, $CDN 6,200, 2019-2021
    • CICA/CAAA Research Grant, with Jing Zhang, $CDN 6,500, 2012-2015
    • Li Ka Shing Foundation Faculty Exchange Awards, $CDN 10,000, 2015
    • FQRSC Research Grant, $CDN 36,256, 2010-2013
    • Real Property Association of Canada (RealPac) Research Grant, with Steve Fortin, $CDN 10,000, 2006
  • Awards & Honours


    • Best Paper Award (First Class), AsRES-GCREC Joint International Real Estate Conference, 2023
    • Academy of Finance Best in Track Award in Real Estate, Academy of Finance Conference, 2021
    • Journal of Real Estate Portfolio Management Red Pen Award (for excellence in the review of articles), American Real Estate Society (ARES) Meeting, 2018
    • Best Paper Award on Innovative Thinking Out of the Box, American Real Estate Society (ARES) Meeting, 2017
    • Aareal Award of Excellence in Real Estate Research, Real Estate Management Institute and Aareal Bank AG, 2015
    • Homer Hoyt/ Weimer School of Advanced Studies in Real Estate and Land Economics Post-Doctoral Honoree, 2015
    • Best Paper Award on Real Estate Investment Trusts, American Real Estate Society (ARES) Meeting, 2013
    • Best Paper Award, Global Chinese Real Estate Congress (GCREC) Conference, 2011
    • Best Paper Award, Asian Real Estate Society (AsRES) Annual Meeting, 2010
    • Best Paper Award, Global Chinese Real Estate Congress (GCREC) Conference, 2010
    • Best Research Paper Award on REIT Analysis, National Association of Real Estate Investment Trusts (NAREIT) and Baruch College (CUNY), 2009
    • Best Paper Award by a New Faculty, American Accounting Association (AAA) Northeast Regional Meeting, 2007


    • Faculty Teaching Merit Award, CUHK, 2021-2022
    • Nominee, BCom Teaching Award for Excellence in Core Teaching, McGill University, 2021
    • Master of Management in Finance (MMF) Teaching Award, McGill University, 2019
    • Desautels Faculty of Management Distinguished Teaching Award, McGill University, 2018
    • RSM Richter Accounting Teaching Fellow, McGill University, 2014-2016
    • Nominee, Principal’s Prize for Excellence in Teaching – Associate Professor (University-Level), McGill University, 2013
    • Management Undergraduate Society’s Professor of the Year Award for implications of students’ lives, McGill University, 2012
    • Desautels Faculty of Management Distinguished Teaching Award, McGill University, 2010
    • Nominee, Principal’s Prize for Excellence in Teaching – Assistant Professor (University-Level), McGill University, 2009
  • Academic/Professional Services

    Academic Organisations

    • President, Asian Real Estate Society (AsRES), 2022-2023
    • President, Global Chinese Real Estate Congress (GCREC), 2022-2023
    • Board of director, International Real Estate Society (IRES), 2022-2025
    • Board of director, Asian Real Estate Society (AsRES), 2018-2025
    • Board of director, Global Chinese Real Estate Congress (GCREC), 2012-present

    Associate Editor

    • Journal of Financial Research, 2018-2023
    • International Real Estate Review, 2020-2023
    • Asia-Pacific Journal of Accounting and Economics, 2013-2025

    Guest Editor (Special Issue: Real Estate & COVID-19)

    • Journal of Risk and Financial Management, 2020-2022

    Editorial Board Member

    • Journal of Real Estate Literature, 2023-present
    • Journal of Real Estate Portfolio Management, 2016-2018
    • Journal of Real Estate (in Chinese), 2013-2016

Abe, Hirohide


Mr. Hirohide Abe is an experienced professional and business leader with a demonstrated history of working in the international hospitality industry in Hong Kong, Tokyo and Chicago. With over 15 years solid experience in global hotel chain management, Mr. Abe is skilled in Real Estate Finance, Asset Management, Sales, Marketing, Revenue Management, Analytics, Branding, Operations Management, and Organization and Talent Development. Mr. Abe possesses strong academic background with a Master degree in Hotel Administration from Cornell University and Bachelor of Economics from the University of Tokyo.

Teaching Areas

Hospitality Leadership
Global Hotel Chain Management


Lo, Leo Ming-yan(盧銘恩)


Mr. Leo Lo is a surveyor-turned-serial entrepreneur. He is a founder of a real estate blockchain company (PropBLK) which is working on the blockchain applications in the real estate sector. He is a trailblazer in the PropTech industry and actively forges partnerships with PropTech companies in the US and Europe and building up the Asia PropTech ecosystem: Asia PropTech.

Mr. Lo is in high demand as a speaker for his thought leadership at different PropTech conferences/summits across the globe, he attended over 30 PropTech/real estate conferences as speaker in over 15 countries in the past three years. He is keen to deliver collaborative innovation to the real estate industry.

Mr. Lo is also a Co-Founder and CEO of Fonto Holdings, which is a Hong Kong-based company embracing capital market professional services, corporate financing, real estate investment and PropTech investment. He possesses over 15 years’ experience in the real estate industry, he leads and manages IPO and real estate M&A advisory and valuation projects in the Greater China and the Asia-Pacific Region. With branch offices in the PRC and Singapore, Fonto has extensive footprint in the Asia-Pacific Region. With the leadership of Mr. Lo in Fonto, PropTech is always treated as a digital catalyst. By leveraging Fonto’s digital assets and investment in industry-leading portfolio of companies, Mr. Lo is working out real estate services as a futurist.

Mr. Lo is the RICS (Royal Institution of Chartered Surveyors) Excellent Young Achiever of the Year 2016 and he is also well connected in the society by being a Chairman Member (PropTech and Blockchain) of Guangdong-Hong Kong-Macao-Bay Area Economic and Trade Association, Executive Committee Member of Shanghai-Hong Kong Coalition of Professionals , Founding member of Hong Kong-ASEAN Economic Cooperation Foundation, etc.

Teaching Areas

Real Estate Blockchain