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[Business Insight@HKUST - Lunch Presentation Series] The Role of Asset Liability Management and Economic Freedom in Investment

Sound portfolio management strategies are vital to successful institutional investment, so as the level of economic freedom.  Professor Philip Cheng of the Department of Finance and Professor Peter Chen of the Department of Accounting have been studying factors affecting corporate investment, namely asset liability portfolio management and economic freedom, and their implications on future challenges and government policy.

Asset Liability Portfolio Management
New sound asset liability management is critical to the success of institutional portfolio management: banks, corporations, insurance companies, pension funds, etc. Practical strategies are needed to accomplish portfolio objectives via managing the mismatch of assets and liabilities due to either regulations, market conditions or other financial factors.

Professor Philip Cheng will talk about the practical concepts and applications as well as basic strategies to minimize various asset risks. He will also discuss how to manage assets in emerging countries given special challenges often not encountered in developed countries.

The Role of Economic Freedom in Value Creation and Shareholders’ Wealth: Where May We Find the Prosperity of Hong Kong?
Value creation depends on the flexibility which corporate managers have to invest in growth opportunities and to make adaptation under adverse economic conditions.

In his talk, Professor Peter Chen will discuss his findings in a cross-country study on how a country’s level of economic freedom affects corporate investment efficiency and shareholders’ wealth. Based on his past research, he draws policy implications for the future prosperity of Hong Kong.

Prof Philip Cheng
Prof Peter Chen

Event Details

Date 6 April 2016 (Wednesday)
Time 12:30 pm (Registration)
12:45 - 2:00 pm (Presentations and Q&As)
Venue HKUST Business School Central,
Rm 1501-02, 15/F Hong Kong Club Building,
3A Chater Road, Central, Hong Kong (MTR J3 Exit)
Admission Open to public
Fee HK$100 per participant
HK$80 for HKUST Business School alumni and students
(Light refreshments will be provided)
Language English


Please fill in the enrollment form and send with a cheque payable to HKUST and sent by post to: Communications and External Affairs Office, Room LSK6017, HKUST Business School, Lee Shau Kee Business Building, Hong Kong University of Science and Technology, Clear Water Bay, Hong Kong. Attn: Mr Ray Lee.


For questions, please contact Mr Ray Lee on (852) 2358 8934 or