Tsang, Desmond(曾德銘)

Desmond TSANG

Biography

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 specializes in Real Estate Investment Trusts, International Real Estate & Firm Location. His research interests in accounting include CEO & Corporate Governance, Earnings Management, Financial Fraud, and Auditing. Professor Tsang has published in top journals such as Review of Accounting Studies, Real Estate Economics, Journal of Real Estate Research and Journal of Real Estate Finance and Economics.

Teaching Area

Real Estate

Research Interests

Real Estate Investment Trusts (REITs)
International Real Estate
Firm Location
CEO & Corporate Governance
Earnings Management & Financial Fraud
Auditing

  • 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

    Research

    • 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

    Teaching

    • 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

    Associate Editor

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

    Special Issue Editor (Topic: Real Estate)

    • Journal of Risk and Financial Management, 2020-2022

    Editorial Board Member

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

    Academic Society Board of Director

    • Asian Real Estate Society (AsRES), 2018-2022
    • Global Chinese Real Estate Congress (GCREC), 2012-Present

Abe, Hirohide

Biography

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)

Biography

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

PropTech
Real Estate Blockchain

Ip, Albert(葉毓強)

Biography

Mr. Albert Ip is an international banking and real estate executive with more than 30 years of experience at Citigroup, First National Bank of Chicago, Wells Fargo Bank and Bank of America Merrill Lynch in New York City, San Francisco and Hong Kong. His expertise encompasses corporate banking, real estate finance, risk management, transaction banking and wealth management. He was appointed Senior Credit Officer/Real Estate Specialist of Citigroup in 1990, Real Estate Head and North Asia Real Estate Head of Citibank during 1987 to 1992 and Managing Director of Citigroup in 2003. Mr. Ip was Asia Investment Finance Head of Citigroup Global Wealth Management from 2006 to 2007 and a Managing Director of Investments at Merrill Lynch (Asia Pacific) from 2008 to 2011.

Mr. Ip is an Independent Non-Executive Director of New World Development Company Limited, Power Assets Holdings Limited, Lifestyle International Holdings Limited and Hutchison Telecommunications Hong Kong Holdings Limited. He is a Non-Executive Director of Eagle Asset Management (CP) Limited, as Manager of Hong Kong listed Champion Real Estate Investment Trust. He was previously Independent Non-Executive Director of Hopewell Holdings Limited, Hopewell Highway Infrastructure, New World China Land and AEON Credit Service (Asia). Mr Ip was CEO of Langham Hospitality Investments Limited until April 1, 2019.

Mr. Ip is an Adjunct Professor of City University of Hong Kong, The Chinese University of Hong Kong, The Hong Kong University of Science and Technology, The Hang Seng University of Hong Kong and an Adjunct Distinguished Professor in Practice of University of Macau, a Council Member of The Hong Kong University of Science and Technology, Honorary Advisor of School of Humanities and Social Science at The Hong Kong University of Science and Technology, a trustee of the Board of Trustees at Washington University in St. Louis, and a Vice Chairman of the Board of Governors of World Green Organization Limited. Mr. Ip holds a Bachelor of Science degree at Washington University in St. Louis (summa cum laude) and Master of Science degrees at Cornell University and Carnegie-Mellon University. He is an Honorary Fellow of Vocational Training Council.

Sin, Yat-ming(冼日明)

Leo Sin Yat-ming

Biography

Prof.Leo Yat-ming Sin received his BBA degree from The Chinese University of Hong Kong in 1979 and obtained his PhD degree in Marketing from the University of British Columbia, Canada in 1993. He was the Vice-Chairman of the Chartered Institute of Marketing (Hong Kong Office). His research and teaching interests include marketing in China, strategic marketing, and cross-cultural marketing. He has extensive consultancy experience in providing training and research services to local and international companies and organizations. He has published ten books and over forty articles in international journals.

Teaching Areas

I Ching and Leadership

Research Interests

Chinese Wisdom and Management

Zhan, Xintong(戰昕彤)

Zhan Xintong

Biography

Prof. Xintong (Eunice) Zhan is an Assistant Professor of Finance and Real Estate at The Chinese University of Hong Kong (CUHK). She is also a Chartered Financial Analyst (CFA) and a Chartered Alternative Investment Analyst (CAIA). Before joining CUHK, she was an Assistant Professor of Finance at Erasmus University Rotterdam. She received her PhD in finance from The Chinese University of Hong Kong in 2016 and BA in finance from Guanghua School of Management, Peking University in 2012. Her papers are published or forthcoming in Journal of Financial Economics, Review of Financial Studies, and Management Science. She is the Principal Investigator of several Hong Kong competitive RGC grants and many other research grants from both academic and industry sponsors such as The Canadian Derivatives Institute (CDI) and Geneva Institute for Wealth Management.

Teaching Areas

Financial Management
Real Estate Finance

Research Interests

Empirical Corporate Finance
Empirical Asset Pricing
Derivatives
Investment
Corporate Social Responsibility
Financial Accounting
Real Estate Finance

  • Grants
    • “Measuring Housing Market Risk with REIT Options”, General Research Fund awarded by Research Grants Council, 2021-2024 (Principal Investigator)
    • “ESG Performance and Option Market”, General Research Fund awarded by Research Grants Council, 2021-2024 (Co-Investigator)
    • “Option-Based Risk Factors in the Corporate Bond Market”, General Research Fund awarded by Research Grants Council, 2020-2022 (Principal Investigator)
    • “ESG Preference and Market Efficiency”, Research Grant awarded by Geneva Institute for Wealth Management, 2020
    • “The Information in Equity Option Prices and Corporate Bond Returns”, awarded by The Canadian Derivatives Institute (CDI), 2017-2019
    • “Sustainability or Return? The Impact of Sustainability Rating on the Flow-Performance Sensitivity of Mutual Funds”, Early Career Scheme awarded by Research Grants Council, 2019-2021 (Principal Investigator)
    • “Textual Analysis and the Cross-Section of Equity Option Returns”, General Research Fund awarded by Research Grants Council, 2019-2022 (Co-Investigator)
    • “ESG Preference and Market Efficiency”, Alternative Risk Premia Research Grant awarded by the Paris-Dauphine House of Finance and Unigestion, 2019-2020
    • “Option Trading and Corporate Debt Structure”, awarded by Canadian Derivatives Institute (CDI), 2016-2018
    • “What Drives Option Return Predictability?”, awarded by awarded by Canadian Derivatives Institute (CDI), 2016-2018
    • “Does Peer Pressure Impact Corporate Social Responsibility? A Regression Discontinuity Analysis (同業壓力如何影響企業社會責任?基於斷點回歸方法的分析)”, General Research Fund awarded by Research Grants Council, 2015-2017 (Co-Investigator)
  • Awards and Honours
    • Young Researcher Award, The Chinese University of Hong Kong, 2020-21
    • Shinhan Investment Paper Award, The 17th Annual Conference of the Asia-Pacific Association of Derivatives, 2021
    • Best Paper Award on Derivatives, Northern Finance Association Annual Conference, 2020
    • Best Paper Award, FMA Consortium on Asset Management, 2020
    • AAM–CAMRI Prize in Asset Management, Asia Asset Management and National University of Singapore, 2019
    • ETF Research Academy Award of the Paris-Dauphine House of Finance and Lyxor Asset Management, 2018
    • Best Paper Award, The 26th Conference on the Theories and Practices of Securities and Financial Markets, 2018
    • Chicago Quantitative Alliance (CQA) Academic Competition, Chicago, 2017
    • Chicago Quantitative Alliance Asia (CQAsia) Academic Competition, Hong Kong, 2016
    • Zephyr Prize, Best Paper in Corporate Finance, The 28th Australian Finance & Banking Conference, 2015
    • Outstanding Paper Award, The 9th International Conference on Asia-Pacific Financial Market, 2014
    • Best Paper Award, The 22nd Conference on the Theories and Practices of Securities and Financial Markets, 2014
  • Academic/Professional Services

    1. Speakers at Professional and Public Events

    • New Frontiers in Investment Research by Unigesteion and Imperial College London, 2020, London, U.K.
    • Sustainable and Impact Investing Forum, 2019, Singapore
    • 2nd CUHK Derivatives and Quantitative Investing Conference, 2019, Hong Kong
    • AXA Investment Managers Chorus, 2019, Hong Kong
    • 1st CUHK Derivatives and Quantitative Investing Conference, 2018, Hong Kong
    • Inquire Europe Fall Seminar, 2018, Budapest, Hungary
    • 4th Geneva Summit on Sustainable Finance, 2018, Geneva, Switzerland
    • Chicago Quantitative Alliance Asia Conference, 2018, Hong Kong
    • China Institute of Finance and Capital Markets, 2017, Beijing, China
    • 2nd Asian ETF Summit, 2017, Hong Kong
    • Chicago Quantitative Alliance Annual Conference, 2017, Chicago, U.S.
    • 11th Annual Risk Management Conference, 2017, Singapore
    • 3rd Geneva Summit on Sustainable Finance, 2016, Geneva, Switzerland
    • Chicago Quantitative Alliance Asia Conference, 2016, Hong Kong
    • Macquarie Global Quantitative Research Conference, 2016, Hong Kong
    • 10th Advances in the Analysis of Hedge Fund Strategies Conference, 2015, London, U.K.
    • Chicago Quantitative Alliance Asia Conference, 2015, Hong Kong

    2. Journal Referee Service

    • Journal of Banking and Finance
    • Journal of Business Ethics
    • Journal of Corporate Finance
    • Journal of Empirical Finance
    • Journal of Financial Markets
    • Journal of Futures Markets
    • Management Science
    • Review of Asset Pricing Studies
    • Review of Finance

    3. Conference Organisation/Review Service

    • The Northern Finance Association Annual Meetings, 2019, 2020
    • The Financial Management Association Annual Meeting, 2019, 2020
    • The Midwest Finance Association Annual Meeting, 2020
    • 2nd CUHK Derivatives and Quantitative Investing Conference, 2019
    • Surrey & IFABS Conference on Firm Value Maximisation and Corporate Social Responsibility, 2016

Yang, Yang (Zoe)(楊揚)

Biography

Prof. Zoe Yang is currently an Assistant Professor of Real Estate at The Chinese University of Hong Kong. Her research interests include issues relating to urban economics, real estate, and sustainability. She received her PhD in Real Estate from the National University of Singapore in 2018. She obtained her MSc in Urban Land Economics in 2014 and a BComm with Honours in Finance and Real Estate in 2012 from the University of British Columbia. Her papers have been presented in several leading international conferences, and published in academic journals such as Journal of Public Economics, Journal of Urban Economics, Real Estate Economics, Regional Science and Urban Economics,  Journal of Economic Behavior and Organization, and Energy Economics.

Teaching Areas

Real Estate Development
Real Estate Investment

Research Interests

Urban Economics
Real Estate Finance
Chinese Economy
Environmental Economics

  • Grants
    • “Wealth Shock and Online Consumption”, Early Career Scheme awarded by University Grants Committee, 2020-2022
    • “Competition and Quality: New Evidence from the High-Speed Rails and Airlines”, Project Impact Enhancement Fund awarded by CUHK, 2020-2022
    • “Blessing in Disguise? Environmental Shocks and Performance Enhancement”, Project Impact Enhancement Fund awarded by CUHK Business School, 2019-2020
  • Academic/Professional Services

    Referee for the Peer-reviewed Journals

    • Review of Economics and Statistics
    • Journal of Public Economics
    • Management Science
    • Review of Finance
    • Journal of Industrial Economics
    • Journal of Environmental Economics and Management
    • China Economics Review
    • Journal of Urban Economics
    • Real Estate Economics
    • Regional Science and Urban Economics
    • International Real Estate Review
    • Journal of Housing Economics
    • Cities
    • Review of Transportation Research – Part B
    • Transport Policy

    Conference Reviewer

    • Annual Graduate Education and Graduate Student Research Conference in Hospitality and Tourism, 2019-Present

Chan, David(陳柏桓)

Biography

Prof. David Chan currently serves as Director and Professor of Hotel and Tourism Management at the Chinese University of Hong Kong. He has over 30 years’ extensive hotel experience with Peninsula, Regent, Marriott and Hyatt with several senior international assignments. He had been the General Manager of Grand Hyatt Guangzhou since 2009 and later the Area Vice President of Hyatt International, also overseeing Park Hyatt Guangzhou, Hyatt Regency Chongqing, Hyatt Regency Dongguan, Hyatt Regency Guiyang, Park Hyatt Sanya Sunny Bay, Grand Hyatt Sanya Haitang Bay, and the pre-opening of Andaz Sanya Sunny Bay.

Prof. Chan obtained his PhD in Tourism Management from Sun Yat-Sen University. Prior to that, he completed a Master of China Law (LLM) in Jinan University and Advanced Management Programme from the School of Hotel Administration at Cornell University. He also holds a BBA degree from the School of Travel Industry Management, University of Hawaii at Manoa.

Expertise Areas

Hospitality and Tourism Management
Convention and events Management
Food and Beverage Management
Global Hotel & Resort Operations
Smart Tourism & Innovation
Hospitality Marketing
Hotel Business Analytics & Financial Evaluation
Hotel Asset and Portfolio Management

  • Academic/Professional Services

    Public Services

    • President of Greater China, International Association of Hotel General Managers, 2019-Present
    • Vice President, China Real Estate Chamber of Commerce, 2016-Present
    • Senior Advisor, Hong Kong Chamber of Commerce, Guangdong, 2015 to Present
    • Member, The Federation of Hong Kong Hotel Owners, 2018-Present
    • Vice President, Dongguan City Association of Enterprises with Foreign Investment, 2008-Present
    • Member, United Nations ESCAP Business Advisory Council, 2015-2017
    • Executive Director, Guangzhou Hotel Association, 2009-2017

    Memberships

    • Member. American Real Estate and Urban Economics Association
    • Member, American Real Estate Society
    • Member, International Council on Hotel, Restaurant, and Institutional Education
    • Member, American Economic Association
    • Board Director, Asian Real Estate Society
    • Board Director, Global Chinese Real Estate Congress
    • President-Elect 2023, International Real Estate Society

 

Hu, Maggie Rong(胡榮)

Biography

Prof. Maggie Hu is currently an Assistant Professor of Real Estate and Finance at The Chinese University of Hong Kong. She received her PhD in Finance in 2013, and Bachelor of Engineering in 2008 from National University of Singapore. Her main research interests include real estate finance, empirical corporate finance, and banking. Her research papers have been presented at several international finance and real estate conferences, and published in leading journals such as Management Science, Journal of Financial and Quantitative Analysis and Real Estate Economics.

Teaching Areas

Real Estate Finance
Banking

Research Interests

Real Estate Finance and Economics
International Finance
Banking
Empirical Corporate Finance

  • Grants
    • UNSW Business School Special Research Grant with AU$7,000, 2014-2015
    • Australian Research Council (ARC) Linkage Grant with AU$625,000, 2014-2017
    • UTS Business School Research Grant with AU$9,914, 2015-2016
    • UNSW Business School Special Research Grant with AU$5,760, 2016-2017
  • Awards & Honours
    • 3rd Place, Best Paper Award at Global Real Estate Summit (AsRES joint with GCREC), 2015
    • Best Paper Award at Indonesian Financial Management Association (IFMA) International Conference, 2016