Phoenix, 2010 Special Edition

Abstract

HKUST Business School Phoenix 2010 Special Edition HKUST MBA Alumni magazine Into the World’s Top 10 and Beyond Step up, Stand Out, Lead On

Excellence and tomorrow's goals What an honor to be Dean of HKUST Business School when such a multitude of international recognition and local praise comes its way! First, I would especially like to thank the class of 2006 full-time MBA alumni, whose participation in the Financial Times (FT) survey helped to elevate us to the tied No.9 position, with the University of Chicago, in the 2010 FT Global MBA Rankings. The School’s success in joining the league of the world’s top 10 MBA providers is built upon the vision and dedication of my predecessors, namely, our Founding Dean Prof. Yuk-Shee Chan, now President of Lingnan University, and his successor Prof. KC Chan, now the Secretary for Financial Services and the Treasury in the Government of the Hong Kong Special Administrative Region. However, their vision became a reality as a result of the hard work, innovation and relentless pursuit of excellence by faculty, students, staff, alumni and supporters. While we take great pride in what has been accomplished to date, we must continue to strive for excellence tomorrow and beyond. Our recent ranking position and the many earlier achievements provide a strong foundation from which to build HKUST Business School into a top-tier comprehensive international business school, one that is recognized worldwide for its distinguished teaching, research, and impact. I am confident that we are in a good position to achieve our goal because we have all the right ingredients: world-class faculty, hardworking and dedicated staff members, outstanding students that strive to make a difference, accomplished and supportive alumni, and a shared vision. With the strong support of President Tony Chan and the University’s top administration, I also look forward to securing the additional resources necessary to move the Business School to the next level and to contributing to Hong Kong’s goal of becoming a regional education hub. Alumni are the School’s lifelong partners. Let us make this journey together. I look forward to your continued support and many more chances to celebrate our endeavors and achievements. Prof. Leonard Cheng Dean HKUST Business School Messages 3

Quality that generates respect In our short history of less than 20 years, HKUST Business School has leapt up the ranking ladder to stand out among its peers. However, the key to our success lies within, in the core culture that has driven the School from its earliest days; a culture that achieves the respect of others through quality provision and output. It is the respect our faculty and research receive and our students generate as they take up significant roles in the community, locally and worldwide. It is our incredibly fast-growing reputation, often gained by word of mouth, which has earned HKUST recognition as a thought leader and the place to be if you want to learn from the best and have the opportunity to make the best of yourself. With continuous development and top-tier status as our goals, we are therefore keenly aware of the need to keep our curriculum current and to gain feedback from the market to match the rapidly changing environment of the Asian region in which we are based. Our MBA and Executive MBA programs, for example, are known for being located in the global business hub of Hong Kong, for providing essential insight into Asia, and for drawing a truly international intake. But we are constantly seeking to gain new perspectives: from faculty members whose research and links to the business world ensure we are at the cutting edge of developments; through teaching senior executives from a range of industries who keep us up to date; and from our alumni who render their support in so many different ways. We have indeed come a long way. But we know even more lies in store as a result of our present successes. As part of the HKUST Business School family, alumni, students, faculty and staff all have an essential role to play in helping the School soar. In this special Phoenix edition, we celebrate what we have achieved together so far and set our sights on our joint future. Prof. Steve DeKrey Senior Associate Dean MBA & EMBA Program Director Messages 4 Cover Story With all eyes on the Asian region as the powerhouse for the global economy in the years ahead, HKUST Business School intends to be at the heart of its development Driving the future 5 Cover Story It has been an exciting and significant year for the HKUST Business School, with numerous achievements that have seen the School raise its profile further in Asia and on the world stage – and established a super-strong foundation from which to drive key developments in the future. The year got off to a great start with the news that HKUST Business School had leapt up the Financial Times’ Global MBA Rankings to become a top 10 school. The School was jointly ranked No.9 worldwide with the University of Chicago, moving up from No.16 in 2009. The School also jumped from No.17 to No.10 in research. These are in addition to the HKUST-Kellogg EMBA world No.1 ranking. Top-10 celebrations At the Top-10 celebration party in March, hosted by HKUST President Tony Chan, senior government officials and 300 guests enjoyed an evening of cheerful reflection on the School’s and MBA’s successes. “HKUST’s MBA Program is an exemplar in attracting the best and brightest from around the world,” Secretary for Education Mr. Michael Suen said in his speech at the event. With almost 2,000 MBA programs worldwide, a place in the top 10 is an extraordinary accomplishment, especially given that the School was established less than 20 years ago. At the party, HKUST President Tony Chan added his praise, noting the significance for Hong Kong as a whole. “Our Business School’s dizzying achievements are not just the pride of our University but should be seen as the pride of Hong Kong,” he said. Moving ahead While the School is determined to continue its meteoric rise, rankings are not the only measure of excellence. Strategic plans focus on all round recognition as a top-tier university in the international business school arena, within the global business sector, and among the public at large. “We are rapidly becoming a role model for other aspiring business schools in the region and the world, and a brand name that evokes a great deal of admiration, ” Dean Leonard Cheng said. “We will not be satisfied if HKUST Business School is known as the Harvard or LBS of Asia. We want HKUST to be a name that stands alone as a symbol of global academic achievement and prestige at the highest level.” Here are some of the enterprising ventures being pursued to achieve this: Thought leadership With Asian economies rapidly expanding in significance in the global economy, HKUST Business School is seeking to use its established strengths in Asia knowledge and know-how to break away from western oriented business school models and pioneer a new type of thought leadership that encompasses regional culture and developments and to create fresh parameters for academic excellence. As more quality business schools develop in the region, HKUST’s track record, high achieving students, alumni, and faculty members give the School a head start in becoming the recognized leader in Asia; and in setting worldwide standards for transnational and cross-cultural insight through its programs and research. Corporate Advisory Forum To boost links with business and industry and to ensure the relevance and immediacy of its teaching and research programs, the School launched a Corporate Advisory Forum series, with participation by corporate leaders and senior school administrators, including the Dean, associate deans, and selected senior faculty members. The Forum’s main objective was to seek views and advice from the corporate leaders about major strategic and development issues faced by the School as it moves forward to achieve its goal of becoming a top tier international business school. The Forum was chaired by Dr. William Fung, Group Managing Director, Li & Fung Ltd. The other corporate members were Mr. Hans Michael Jebsen, Chairman, Jebsen and Co. Ltd.; Mr. SC Liu (PT94), Chairman, My Top Home (China) Holdings Ltd; Mr. Jim Thompson, Chairman, Crown Worldwide Group; Mr. Louis Bowen, Chairman, Asia Capital Management Ltd and China Advisors Ltd; and Mr. Keith Kerr, Former Chairman, Swire Properties Ltd. With their dedication and in-depth knowledge about the issues faced by the School, they have now become the first members of the School Advisory Council, around which a bigger School Advisory Board will be formed. Enhanced community outreach A successful series of lunchtime talks, launched in December 2009, brought the leading research carried out by the School’s faculty members into the Hong Kong community. The talks helped businesses and the general public to gain fresh insight into topical issues, kept 6 Cover Story alumni in touch, and raised awareness of the School. Each of the Business Insights Presentation Talks featured two professors from the same department, with different departments represented over the series. Separately, a weekly column called “Dissecting the Ox” in the Hong Kong Economic Journal has created another public forum for the School’s academics to provide updates on their cutting-edge research and public policy perspectives. Extending the brand Activity to raise the School’s brand is ongoing. In China, a bilingual EMBA and part-time MBA Program in Shenzhen are already offered, with quality a cornerstone of their positioning. Executive programs for companies and government organizations help to develop relationships in different sectors, while participation in CEO roundtables, faculty talks, open forums and media interviews have helped to build recognition in different major cities. The School has also become the knowledge partner of the China Federation of Industrial Economics, a wide-ranging national trade organization ratified by the State Council. Regionally, the School is involved in an exciting new joint promotion with other top-ranked Asian schools, to raise the global profile of the region’s business schools. Regional education hub The School has been helping to draw talent and attention to Hong Kong in many different ways. The prestigious, top-ranked joint EMBA program run by HKUST and Northwestern University’s Kellogg School of Management and the joint Master of Science in Global Finance organized with New York University’s Stern School of Business are two examples. A new Global Real Estate Master of Science offered through a partnership with Wisconsin School of Business, one of the leading universities for real estate research and education in the US, is due to start in 2011. Executive education programs involve collaborations with other top institutions, such as London Business School, INSEAD and UCLA. The full-time MBA Program also brings talents from around the world to study in Hong Kong. Exporting our success Another exciting possibility for the School is an invitation by a major Vietnamese company to consider starting a graduate business school. HKUST would take the lead in the project, which would involve partner schools from other parts of the world. “I think it’s very exciting,” MBA Program Director Prof. Steve DeKrey said. “Not only would it spread the word about HKUST Business School and forge links in a new market, it would be an expansion that establishes our leadership position in Asia and adds to Hong Kong’s standing as the world’s headquarters for the region.” Integrated “green” infrastructure The School’s new campus is underway and due to open in 2012. The Brand building in the Mainland From March to June, Dean Leonard Cheng and MBA Program Director Prof. Steve DeKrey took part in a series of events and media interviews in the Mainland. Such activities are helping to establish HKUST’s role as a thought and opinion leader, and assist long-term brand building. Dean Leonard Cheng 1. Exclusive video interviews with major Mainland portals Sina.com and Sohu.com. (May, Beijing) 2. Press conference on HKUST MBA Top 10 FT ranking with four TV stations and around 40 print and online media present. Dean Cheng then gave in-depth interviews on macroeconomics to more than 10 business media organizations. (May, Beijing) 3. Forum entitled “Appropriate Revaluation of the RMB Will Not Impair China’s Competitiveness” jointly organized with newspaper China Business News. About 125 senior personnel from various industries attended. (May, Beijing) 4. Luncheon speech for the American Chamber of Commerce. (May, Beijing) Prof. Steve DeKrey 1. Interviews with several management magazines on leadership in Asia and corporate social responsibility. (June, Beijing) 2. Luncheon speech for the American Chamber of Commerce on “The New Global Leader: What it Takes to Lead in Asia”. (March, Shanghai) 3. Media roundtable with press organizations on HKUST MBA Top 10 FT ranking. (March, Shanghai) 7 Cover Story state-of-the-art “green” building will house all units of the School under one roof, providing 12,450 square meters of floor space. Known as the Lee Shau Kee Business Building, it has been designed to reach a minimum gold standard of performance under the Hong Kong Building Environmental Assessment Method (HKBEAM), and is on track for platinum level (the highest). HKBEAM defines over 100 best practice environmental criteria in areas including energy use, water quality and conservation, hygiene and health. Resource building To carry out all these ambitious plans will require continuous improvement and development and a business model that supports such goals. This will involve donations, endowment income and program income to supplement government funding and ensure the School remains attractive to top faculty and students. One key initiative is the move to establish chair professorships. Ten areas for funded chairs have been identified to enhance recruitment and retention of star faculty, to assist expansion into new areas of expertise, and to establish the School’s thought leadership goals by promoting intellectual discussion in subjects of particular relevance to the region. Examples include a chair professorship in entrepreneurship and another in family business. Alumni development In the next five years, the School intends to expand alumni development across all of its programs, with special emphasis placed on growth outside Hong Kong. The goal is to create the critical mass to boost events and increase awareness. It also means that alumni from different programs will be able to network. Information flow and communication will be strengthened with social networking a key focus. Regular gatherings now take place in 13 different cities around the world. More local chapters and interest groups are expected to be formed. Dynamic outlook The achievements of the School in HKUST’s short 19-year history have been remarkable, and as the plans above demonstrate, its future accomplishments aim to be equally so. With quality and excellence as its watchwords, HKUST Business School is looking to build on its solid foundation to become an aspiration, inspiration, and front-running player, enabling it to Step Up, Stand Out and Lead On in academic accomplishment and the evolving global economy. The MBA Program, with its first-rate graduates and cultural diversity, has a central part to play in the years ahead, according to Dean Cheng. “Our MBA students and alumni will be a crucial element in helping the School to achieve its goals. And, as you can see, it is a tremendously exhilarating time to be part of the HKUST Business School story.” Boosting region’s top business schools HKUST Business School is participating in a pioneering joint promotional drive with three other Financial Times (FT) top 30 business schools to draw global attention to the quality of business education that exists in Asia. The School’s partners are: 1) Indian School of Business (No.12) 2) CEIBS (No.22) 3) Nanyang Business School (No.27) The campaign aims to: Increase awareness and interest in Asian schools as a stepping stone to Asia and China markets among European and US applicants. Pool promotional resources to achieve a greater impact. Plans include: An “Asia Corner” at MBA Fairs in September- November and joint presentations in key cities in Europe and US. A mini-website for “Top Asia B-Schools” and other materials. Joint advertisements in Business Week and the Financial Times. Working with the media to generate news coverage. 8 Celebrations Ready to go evenhigher the successful Top-10 celebration party in the Hong Kong Convention & Exhibition Centre on 26 March got off to a memorable start with an inspiring thought from guest of honor Secretary for Education Mr. Michael Suen in his speech: “No.9 is only eight small steps from No.1.” HKUST President Tony Chan, the event host, also called for the School to aspire to become No.1 in the world. “If you want to start developing Hong Kong into an education hub, I say this university is a good place to start,” he said. Among the 300-plus in attendance to hear these words were Prof. KC Chan, former dean and now Secretary for Financial Services and the Treasury and Dr. Marvin Cheung, chairman of HKUST Council, dignitaries, university VIPs, government officials, consuls-general, chairmen and CEOs of leading corporations, major donors, faculty and staff, students and over 100 alumni. A group of more than 20 media personnel from Mainland China also covered the event, taking note of the School’s ranking achievements in the short video shown at the beginning of the celebratory speeches and getting to know more about the University’s milestones from the mini-exhibition. T9 Celebrations And when MC Kajsa Ryttberg, a Yr 1 MBA student from Sweden, greeted everyone in five different languages, those present had a chance to experience how international and culturally diverse our MBA program is. News of the School entering the world’s top 10 was widely reported in Hong Kong and the Mainland, with over 70 stories generated through different media channels, including CCTV, Xinhuanet, SINA and SOHU. As a token of appreciation to the FT06 class who responded to the Financial Times ranking survey and made the celebration possible, MBA Program Director Prof. Steve DeKrey presented super-sized thank-you cards to class representatives at the after-party dinner. Further School spirit was generated when more than 150 alumni made pledges and contributed to a congratulatory newspaper advertisement placed in the South China Morning Post, Hong Kong Economic Times and Hong Kong Economic Journal. The page was published on the day of the celebration together with editorial write-ups on HKUST Business School. Super-sized cards were given to FT06 representatives to thank the class for taking part in the FT ranking survey. 10 Celebrations Beijing, 2 February Shanghai, 2 April Tokyo, 2 April Generating joy and a global sense of pride 11 Celebrations Bangkok, 19 February Mumbai, 4 April Singapore, 6 April Shenzhen, 27 February MBA, EMBA and UG alumni and students celebrated in 13 cities around the world on hearing of the School’s top-10 achievement 12 Celebrations Seoul, 7 May Taipei, 14 May London, 25 May 13 Celebrations Zurich, 21 May San Francisco, 27 June Hong Kong, 5 July 14 69th 59th 47th 48th 70th 2004 2003 2002 2001 2000 2005 2006 2007 2008 2009 2010 44th 47th N/A 17th 16th World’s No.9 An Uplifting MBA In Asia, the fastest-growing region for those who aspire to higher education, there are now 120 MBA programs compared with over 1,300 in North America and 330 in Europe, according to figures released by the Graduate Management Admission Council (and based on schools accepting GMAT). Out of such a pool of emerging regional talent, the HKUST MBA was Asia’s No.1 according to the Financial Times Global MBA Rankings 2010. How is the Financial Times (FT) league table compiled? Only full-time MBA programs which are internally accredited by a body such as the AACSB, AMBA or EQUIS are eligible to participate in these particular rankings. The program also has to have been in operation for least four years as survey respondents are graduates who attended the program three years earlier. Rankings are based on 20 areas covering alumni career progress, program diversity and research capabilities. In addition, a minimum of 20 alumni responses or 20% of the entire class is required. Rising star The University first appeared in the FT ranking table at No.70 in 2000 after the HKUST MBA program had been accredited by AACSB and EQUIS. A place in the world’s top 100 was great cause for joy and everyone connected with the MBA felt elated by the achievement. The years that followed saw HKUST head into the top 50 in the rankings. Then in 2007 a PR disaster hit the HKUST MBA community when the School was excluded due to a lack of alumni survey responses. In the two years following, the success of alumni lifted the program into the global top 20. In 2010, there was a further leap to become a world top-10 MBA school. The HKUST MBA’s FT ranking history reflects the program’s quality and strength, which has been built up over the years despite the volatile economy in Hong Kong over the past decade and more recently around the world. Regarding the “missing” year, the SARS epidemic in 2003 appears likely to be the major factor affecting alumni. Outstanding results This year, HKUST MBA was jointly ranked No.9 overall, with the University of Chicago. The School’s research was also ranked in the top 10 and as the best in Asia. The program’s international dimension continued to excel with HKUST placed third in the international faculty category, sixth for international students, and second for its international board. Compared with the Top Ranking Ranking 15 100 MBA graduate average, HKUST graduates had a 30% higher post-MBA salary increase. Meanwhile, the program’s three key success factors were its outstanding multicultural faculty who deliver a high standard of international research with a China focus, enabling HKUST to bridge East and West; the diverse backgrounds and cultures of students; and the core principle of thought leadership to prepare graduates to become ethical and responsible world leaders. Ranking vs reputation However, success in rankings is only an indication of quality and not an end-goal in itself. “While we take pride in where we stand now, our overall goal is not a ranking but reputation,” MBA Program Director Prof. Steve DeKrey said. “The essential measure of success is the respect our faculty and research receives. Reputation is a subtle awareness of where the thought leaders are. It also means the School can have a positive impact on Hong Kong’s development as well as provide top graduates to the business community.” Source : www.ft.com Global MBA Rankings 2010 Top 10 1. London Business School 2. University of Pennsylvania: Wharton 3. Harvard Business School 4. Stanford University GSB 5. INSEAD 6. Columbia Business School 7. IE Business School 8. MIT Sloan School of Management 9. University of Chicago: Booth 9. HKUST Business School Prof. Steve DeKrey While we take pride in where we stand now, our overall goal is not a ranking but reputation 16 “Our Business School has always had a firm direction as to where it was going. Right from the outset, Dean Yuk-Shee Chan and the founding faculty were clear about their goals and how to reach them. Such vision was supported by a team spirit, collective efforts, and relentless pursuit of excellence. A firm foundation for success was thus laid” Prof. Chia-Wei Woo Founding President, HKUST “I have always felt fortunate to have had the opportunity to be the Founding Dean. The School’s mandate from the University to establish itself as a leading business school within 10 years was both challenging and exciting. I feel very happy to have been able to contribute to the School’s achievements with an outstanding team of trailblazers, and to witness its ongoing success” Prof. Yuk-Shee Chan Founding Dean, HKUST Business School, President, Lingnan University Voices The team spirit achievement that leads to achievement 17 Voices “HKUST’s consistently high global ranking not only raises the international profile of the university but also that of Hong Kong as a premier destination to work and study, and as a place where dedication and commitment are rewarded with top job opportunities” Prof. KC Chan Former Dean, HKUST Business School, Secretary for Financial Services and the Treasury, HKSAR “In less than 20 years, the School has made significant strides in advancing the quality of its business education programs and research. Its strong showing in various rankings confirms its stature among the world’s top 10. I applaud the School for its continual effort in making its high-quality work relevant by seeking feedback from and collaboration with the corporate sector. Congratulations!” Dr. William Fung Kwok-Lun Chairman, Corporate Advisory Forum, HKUST Business School Group Managing Director, Li & Fung Limited 18 “The HKUST MBA program provided me with an insightful overall view on the essentials of operating a business. Our operation owes a lot to the program. Thank you and congratulations, my alma mater!” SC Liu (PT94) Chairman, My Top Home (China) Holdings Limited “The HKUST MBA was the ideal instrument for me to develop a deep understanding of the Asian business world and culture. The program provides access to world-class faculty, a unique learning experience, and a diverse student body. The broad curriculum not only offers knowledge that is fundamental for today’s managers in a global economy, but the latest business thinking, with an Asian angle as well” Kajsa Ryttberg (FT Yr 1) President, HKUST MBA Association “Alumni all over the world have rejoiced over the news of HKUST’s top-10 achievement. It is additional confirmation of the quality education we received and the success that many alumni have enjoyed since graduation” Benno Jaeggi (FT06) President, HKUST MBA Alumni Association Voices 19 Voices “When I joined the School in 2001, the MBA program was ranked in the top 50. I knew we would make it into the top 10 some day, but I never imagined that this could happen in such a short time. Congratulations to HKUST Business School on this fantastic achievement!” Prof. Albert Ha Head and Chair Professor, Department of Information Systems, Business Statistics and Operations Management, HKUST “HKUST MBA graduates have a lot to be proud of! The recent top 10 MBA ranking is merely a confirmation of what we already knew — you are a highly motivated, diverse, challenging, enthusiastic group of individuals who are, or will become, our business leaders of tomorrow. It is my great honor to have taught more than 4,000 of you, in some 84 MBA courses, over the past 12 years” Prof. Larry Franklin Adjunct Professor, Department of Finance, HKUST “As a member of the faculty I am enormously proud of our alumni and the many important contributions you make to the organizations in which you work. With the depth of talent that you have, there is no reason why HKUST alumni cannot be leaders in the broader society in which we live” Prof. Elizabeth George Professor, Department of Management, HKUST 20 HKUST Business School was the first Asian school to receive dual accreditation by AACSB and EQUIS. 5 Fast Facts When the School was first established in 1991, we formed a strategic alliance with UCLA Anderson School of Management to provide a strong base for curriculum development and faculty recruitment. 1 We became the first Asian member of the Graduate Management Admission Council (GMAC) in 1997. GMAC is an international association of leading business schools whose members uphold the Council’s commitment to quality education, integrity and service to the management education community. Membership is by invitation only. 2 We were one of the first two business schools in Asia to be accredited by the Association to Advance Collegiate Schools of Business, or AACSB International. HKUST was accepted in 1999, less than 10 years after the University was established, taking its place alongside UCLA, UC Berkeley, Chicago, Columbia, Cornell, Harvard, New York University, Pennsylvania and Yale. 3 We were the first business school in Asia to be accredited by the European Quality Improvement System, or EQUIS, which is part of the European Foundation for Management Development. HKUST gained this recognition in 2000, joining Cranfield and the London Business School from the UK, INSEAD of France and IMD of Switzerland. 4 6 The Financial Times named HKUST the No.1 Asian business school for customized executive education programs from 2003-2008. Did you know... Fast Facts 21 Multiple meanings behind the HKUST logo The University’s logo symbolizes HKUST in several ways. At the top lies the golden head of wisdom over the open book of knowledge. Between the arms holding the book, there is a flask representing science. Alternatively, it can be seen as a transmission tower representing engineering and technology, or communication and management. We can also see a sun radiating gold, a color traditionally associated with Chinese culture, over a deep-blue ocean that stands for Hong Kong. Supporting these emblems are the three Greek letters upsilon, psi and tau, that is ν ψ τ, transliterating as UST. Thus, the logo entwines many meanings, as does the University itself. The School has over 100 exchange partners in North America, Europe, Australia and Asia offering extensive overseas student exchange programs and creating personal development opportunities for students on our MBA and undergraduate programs. The MBA program alone has 56 partners worldwide. 9 The HKUST Chapter of Beta Gamma Sigma, the honor society for business programs accredited by AACSB International, has gained 112 members and 24 honorees since inauguration in 2000. The society for high achievers fosters a commitment to the principles and values of Beta (honor and integrity), Gamma (pursuit of wisdom) and Sigma (earnestness) in its members. Over 625,000 business students and leaders from around the world have vowed to champion these values. 8 Our 140 multinational faculty members all hold PhDs from internationally acclaimed universities and senior faculty members have gained extensive teaching experience at major business schools around the world. 7 Success Milestones Road to 22 School opens Graduation of first full-time MBA and part-time MBA classes 1991 1993 - 1994 Launch of Kellogg-HKUST EMBA Program International accreditation: AACSB, EQUIS International ranking: Financial Times Global MBA 1998 1999 - 2000 Milestones 23 For more than a decade our faculty, program and graduates have been securing international accolades. Our model for ongoing success has been seen, admired and imitated around the world. As proud as we are of our achievements, we know our best days lie ahead. We will work to achieve milestones of even greater significance in the years to come, ensuring we continue to step up, stand out and lead on. Groundbreaking ceremony for Lee Shau Kee Campus 2002 2007 - now Launch of MBA in Shenzhen and the first bilingual EMBA for Chinese Executives EMBA rankings: No. 1 MBA rankings: No. 9 Research rankings: No. 10 New campus for the School Lee Shau Kee Business Building (to be completed in 2012) 22