Hong Kong’s Booming Equity Markets Create Job Opportunities for CUHK MBA Graduates
In an interview with BusinessBecause.com, Prof. Paul B. McGuinness and Lawrence Chan stated that CUHK MBA students could benefit from the booming private equity market in Hong Kong with more career choices.
Known generally as the largest market for initial public offerings (IPOs) in the world, more companies go public in Hong Kong than anywhere else. Additionally, the Hong Kong government doesn’t suspend IPOs, as you often find in major Asian cities like Shanghai, and it has one of the highest concentrations of banks of any city in the world.
Paul B. McGuinness, Professor of Department of Finance at The Chinese University of Hong Kong (CUHK) Business School who teaches finance on the CUHK MBA programme, said “Our MBAs stand to benefit from one of the most intriguing boom markets in the world. Hong Kong is in the uniquely advantageous position of not being in a bubble despite having a stock market capitalization to GDP ratio of over 1,200 percent.” The figure for London, comparatively, sits at 150 percent, with a standard figure of 200 percent being the threshold for a boom.
“It’s also much easier for non-Chinese investors to invest in Hong Kong than in Shanghai, for example”, Prof. McGuinness adds. Having benefited greatly from liberalization, Hong Kong is truly bringing together the East and the West.
For CUHK MBA students, the power of Hong Kong’s equity markets inevitably spills over into other sectors in business, be it marketing or supply chain management. A stronger economy benefits all in terms of careers.
“We find that many of our MBA graduates are looking for work in Chinese financial institutions, whereas in the past more gravitated towards the West”, echoes Lawrence Chan, Director of Marketing and Student Recruiting for MBA Programmes at CUHK Business School. “This is partly down to increasing pay compared to those regions, but also because of the increasingly-globalized outlook many companies in Asia now have.”
However, finance isn’t the only career path for CUHK MBA graduates. “There’s increasing attention on a lot of the young tech companies coming out of Shenzhen”, says Prof. McGuinness.
And CUHK has established a campus to create opportunities for its MBA graduates, many of whom have left Hong Kong to work in Shenzhen. CUHK campus is also home to the Hong Kong Science Park, which MBA students are using to find work in high-tech firms.
“Hong Kong and Shenzhen are symbiotic, to an extent”, says Prof. McGuinness. There are many reasons why technology companies find it very difficult to grow in Hong Kong, whereas Shenzhen has a much better environment. What Hong Kong can do, however, is service these tech firms and help them to grow… Read More
Source: BusinessBecause.com
Date published: 29 September, 2016