13
Nov
2018
ABS Students Uncovered the Potential Opportunities During the Study Trip to Laos
Ever since the surge in costs of productions in China, we have been seeing an increasing amount of merchandise with tags of Made in Vietnam, Bangladesh or Indonesia. Located in the central of Southeast Asia, and being the neighboring country of the aforementioned countries, why don’t we see Laos just as often?A group of 22 students of Asian Business Studies (ABS) paid a visit to Vientiane, Laos on 1-4 November 2018, led by Prof. Andy Wong, Associate Dean (Undergraduate Studies) and Dr. Anson Au Yeung, ABS Programme Co-director of CUHK Business School, to discover more about rising opportunities in this less developed country in Asia. Laos has been enjoying an annual GDP growth of around 7-8% in the past 10 years thanks to its ample natural resources and low-cost raw materials. However, due to geographic constraints, the logistics cost for export of goods is amongst the highest compared to neighboring countries and it remains as a major barrier to trade. It prevents overseas companies from setting up factories there and thus, the local workforce is less likely to benefit from knowledge transfer or technological advancement. It further forces the country to export raw materials at a low price as well. To mitigate the obstacles, Laos aims to attract more Foreign Direct Investment (FDI) through the implementation of economic zones. The students had the pleasure to visit the Vientiane Industry and Trade area (VITA Park) Special Economic Zone to learn about how the government and developer do lead sourcing to attract businesses around the world setting up factories there by providing tax exemptions on some business operations and reductions in income tax. They also visited the Laos National Chamber of Commerce and Industry to discuss how the Chamber connects enterprises to the government on prioritising to address industry-specific concerns.   Panel discussion at Laos National Chamber of Commerce and Industry  Visit to VITA Park   Besides, the students were stunned by the digitalization in Laos. Being one of the biggest state-owned banks in Laos, Banque Pour Le Commerce Exterieur Lao Public has introduced online banking and e-payment application 2 years ago. The bank has successfully attained a penetration rate of 20% among its customer base.   Banque Pour Le Commerce Exterieur Lao Public (BCEL) At Beerlao, the students were inspired by how the company turned the joint-venture with the global brewers and Carlsberg Breweries into a very localized and representative brand. It now becomes one of the most successful export products from Laos.   Visit to Beerlao and wine tasting enjoyment With the Belt and Road initiatives and cross-border collaborations with Thailand, the students are thrilled to see the potential sustainable development of Laos that will speak so much more than the improvement on the economic terms. By Yannie Yeung, Cohort 6 (Class of 2019)   Visit to Faculty of Economics and Business Management of National University of Laos for attending a lecture on “Macroeconomic of Laos” Lesson on how COPE (Cooperative Orthotic and Prosthetic Enterprise) supports community access to physical rehabilitation services in Laos, where is still littered with a significant amount of unexploded ordnance after the Laotian Civil War ended in 1975
23
Apr
2018
A Great Start to Something New
At a place as big as the Chinese University of Hong Kong, it can be very difficult to make friends and meet new people. As an ABS Cohort 8 student, our cohort was lucky enough to be invited on a two-days-and-one-night Orientation Camp on 29-30 March 2018 in Pak Tam Chung Holiday Camp. The interactive and experiential activities throughout the camp were fun, exciting and challenging. It also enabled us to develop teamwork, leadership and communications through a number of workshops and team building trainings. To help our cohort in getting to know each other, we participated in a team building training called Giant Ladder. It was similar to rock climbing but instead we were climbing wooden rods of different lengths. The goal was to reach the top and ring the bell. Although this was a demanding task, all of us managed to walk out of our comfort zone, built up our self-confident and learnt to work well with our partner.After being physically exhausted, a case analysis workshop was scheduled to test our minds. During the two hours, we acted as business consultants solving complex problems for different companies. We learnt how being detail-oriented is a must when faced with a case and managing our time efficiently so that the task can be done on time. The second day kicked off with an interactive workshop about how to work and communicate with people. Through role-play, we had a deeper understanding of effective communication. This session greatly enhanced and improved our skills of interacting with others.The camp concluded with another team building activity which was a 64-square grid game. We had to remember a path instructed by the coach and every member had to walk the route once. At first, we encountered difficulty in memorizing the route and coming up with ways to complete the mission. Hence, we were not able to finish the path within time limit. Fortunately, through trial and error, cooperation between our members, we managed to get the job done.The two team building training not only helped our cohort in further getting to know each other but it enabled us to establish trust both as an individual and with each other. We, as a team learnt how to make informed group decisions based on the difficult circumstances and solve any problems that may come our way.The time we spent together flies like an arrow. We are grateful to have this opportunity to get to know each other. This is just the beginning and we look forward to embarking on a fruitful ABS journey ahead of us together in the coming three years.By Jason Wu, Kelly Hui (Cohort 8, Class of 2021) 
22
Dec
2017
Come and Join Us! ABS Transfer-in Application & Information Session (8th Cohort, 2018/19)
The 8th cohort of Asian Business Studies (ABS) will soon accept transfer-in applications! Application Period: January 8 – 19, 2018With an aim to foster young generation to become international business leaders who well-versed in Asian region, ABS provides you a rich exposure to business practices and culture in three of the most important business centers in Asia – Shanghai, Tokyo and Hong Kong, through a cohort exchange study at Shanghai Jiao Tong University, Waseda University and CUHK. For admission criteria, please go to “Start your application”. To learn more about and hear our current students’ experience with the program, please join and meet us at the Information Session: Date: January 10, 2018 (Wednesday) Time: 6:30 p.m. Venue: LT7, 3/F, Cheng Yu Tung Building Registration: Please complete online form here (Deadline: January 9) Note: Students can only accept ONE offer from the three business streams under Integrated BBA Program of CUHK Business School (i.e. Asian Business Studies (ABS), Global Business Studies (GBS), and International Business and Chinese Enterprise (IBCE)).
04
Dec
2017
ABS Evening Sharing: Insights from a Business Consulting Professional
ABS was honored to invite Mr Jacky Lui, the Principal of the Boston Consulting Group (BCG) and also an alumnus of CUHK BBA, as a guest speaker in the Evening Sharing Sessions on 27 November 2017, to share with ABS students his experience as a business consultant with BCG, how to build a career in consulting, and the key attributes of a successful consultant. "It was a pleasure to have spent the evening learning from Mr Jacky Liu about the consulting industry and his experience at BCG. We had an insightful conversation on the prospects of consultancy, tips regarding career planning in the industry and the value of consultants to the corporate world,” shared by Frances Kang (ABS, Year 3). “As third-year students, we are grateful for the opportunity to not only build relationship with professionals but to also gather information and find out which career fits best in the process."  
29
Nov
2017
ABS Students Visited John Swire & Sons
On 23 November 2017, ABS students visited John Swire & Sons (H.K.) Limited (JSS) to learn about its company background and Management Trainee Program at blueprint, where is a business community owned by Swire Properties that facilitating a connective and flexible event and co-working spaces. In addition to the company sharing, students were honored to have a tour to the Swire H.K. Archive Service, and introduced the importance of the archive service to the Swire Group. “The Swire Group visit was truly a valuable opportunity for us. Not only did we gain a more comprehensive understanding of Swire’s diverse industries covering beverage, aviation, property and many others, but also learn directly from the recruitment professionals. It was definitely helpful and beneficial to our future career planning,” said Keven Lee (ABS, Year 2).