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Leaders in Hong Kong shared experience on how corporates can innovate in this challenging time & seize the opportunities in the #DigitalEconomy. It was a fireside chat moderated by Patrick S Lee & I in the launch of Corporate Innovation Index program organized by #CUHK & #HKGCC.

Key takeaways:
1. Corporate innovation is about margin, sustainability & opportunities.

2. Engaging new generation is important for corporate innovation. Reverse mentorship is very effective to empower senior management on innovation.

3. The more challenging time we are in, more innovation we need (not an excuse to give up the priority of innovation)

4. Passion is a key for driving innovation

5. CEO cannot delegate innovation. He or she has to drive it & align with the company’s strategy with it. Bottom up is as equally important as top down.

more…

Grateful to have all these leaders in innovation & technology ecosystem to join the forum and appreciate their active participation. Francis Ngai #IBMAndrew Ling #SAPEugene Hsia #HKSTPStella Kwan #Cyberport, Eunice Chan #HangSengBank, Raymond Cheng former C-suite #HSBCMatthew Chan
#JardineRestaurantGroupLarry Poon #CUHK & more.

We look forward to collaborating with all to deliver our Corporate Innovation Index for Hong Kong.

#Academia#Corporates#TechGiants & #Startups are joining hands to establish the first ever #Corporate #Innovation #Index (CII) for Hong Kong.

#CUHK Business School together with #HKGCC supported by #HKSAR #ITC#Cyberport#HKSTP, Corporates #HangSengBank#JETCO#JardineRestaurantGroup#TradeLink #Prestique, & Tech Giants #IBM #AWS #SAP, launched the CII project today in HKGCC. https://lnkd.in/eXf44k7

Under Secretary HKSAR ITB David Chung, HKGCC Chairman George Leung, CUHK Business School Dean Professor Lin Zhou, & Professor Wai Man Cheung gave their speeches to support the CII project.

Seasoned corporate leader Patrick S Lee & I led an interactive discussion on corporate innovation with over 40 f2f & many online corporate & tech leaders. The discussion was open & insightful. Here was one that I couldn’t agree more.

Raymond Cheng, the former CIO & COO of HSBC APAC, was here today. He said, “The more difficult time we are in, the more innovation we need.” I believe it said it all for us under the tough time of the Covid-19 & heavy digital disruption across industries & economics.

Appreciate support from Eugene Hsia Stella Kwan Andrew Ling Francis Ngai David Chow Chris So Angus Choi Yvonne Che Eunice Chan Vicky Wong & colleagues from #CUHK & #APIB.

Here we go! Corporate Innovation Index for Hong Kong is coming. Most companies are aware of the criticality of #innovation to the growth & even survival of their businesses. However, Corporate Innovation is easier said than done.

#CUHK Business School & #HKGCC with the support from #HKSAR Government Innovation & Technology Commissioner #ITC will build a #CorporateInnovationIndex to empower enterprises & SMEs in HK to improve their innovation mindset & capabilities.

Apart from the survey, we will have assessment tools, a series of seminars & workshops to help companies to improve their innovation. Appreciate to our ecosystem partners’ support #HangSengBank #JETCO #JardineRestaurantGroup #Cyberport #HKSTP #IBM #AWS #SAP #TradeLink #Prestique & more.

Dr. David Chung #ITB Under Secretary will officiate our kickoff ceremony on April 26. Two veterans in #CorporateInnovation & #EntrepreneurshipDr. CHARM Toa & Patrick S Lee, will have a fireside chat on Corporate Innovation.
1.Why corporate innovation is so challenging?
2.What are the industry best practices to build & sustain corporate innovation success?
3.What can corporate leaders learn from tech start-ups & vice versa?

Learn more about our Corporate Innovation Index & join our fireside chat here.
https://lnkd.in/eXf44k7

“Banking is necessary, but banks are not” is no less influential than “Information at your fingertips” from the game changer BillGates. In 2020, Hong Kong Financial Services incumbents will be facing even more disruption from the tech giants like Alibaba & 700+ FinTech startups in HK. The 8 VirtualBanks will start launching their innovative offerings in 2020. What the incumbents & the FinTechs should do?

In the NEXX Forum in Cyberport, I had a discussion w/ Will Ross CFA from Citi & Ray Chou on the Disruption for Banking in 2020. The key takeaway is that competitions actually drive both incumbents and FinTechs to do more for the best of their customers. It implies collaboration in ecosystem. Anna Yip from Smartone shared how5G adds value to FinTech & how industry crossover & hackathons help their company to innovate for customers. Jeffrey Ng, CFA, MBA from PingAn OneConnect talked about how their technologies are helping incumbents to overcome the digital challenges & meet customer expectations. Garry Sien from Alibaba shared their experience in GBA cross-border FinTech initiatives. Barry Chan from IBM Peter Koo FCPA,CA,AICPA,CPA (Aust),CIA,CFE,CISA,CISM,CGEIT from Deloitte Emil Chan ZABank DBS shared great insight.

Thanks to Eric Chan & Mann WM Yim

I would like to share what I learned from my recent visits to 3 leading innovation labs with AI focus in HKSTP. It is all about co-creation. Love it.   IBM Innovation Lab brings their world’s innovation to HK & co-creates solutions using Design Thinking with client & startup to solve their pain points. IBM’s 19 world-class research facilities spread across 12 laboratories on 6 continents with 3,000+ researchers. Thanks for IBM GM of HK Francis Ngai to make this happen. Siemens Innovation Lab focuses on Mobility & SmartCity. Their MindSphere is the cloud-based, open IoT operating system from Siemens that connects our products, plants, systems, & machines, enabling us to harness the wealth of data generated by IoT with advanced analytics. The lab facilities clients and startups to co-create IoT & Big Data innovations. Thanks  to Siemens CEO of Mobility Jens-Peter Brauner to make it happen. Last but not the least, HKAI Lab is a non-profit organization which aims to empower AI startups on technology side & nurture a healthy AI community for HK. The lab is backed by Alibaba AEF Sensetime & STP. They run 2 cohorts per year to select AI startups with cutting edge technology to join them. Thanks for Executive Director of the HKAI Lab Timothy Leung to make this happen.

It is my honour to receive the Outstanding CityU DBA Alumni Award 2018 from Prof Ozer, CityU DBA Director, and Dr. George Lam,Cyberport Chairman. I would like to thank Prof Ozer, Prof Vogel and Prof Kumar, many professors there to nurture me and support me to complete my doctoral thesis on big data in my Doctor of Business Administration (DBA) journey.

Thanks for Dr Geroge Lam, Tenny L. Michael Leung Dr. Wilson Cheung as my guests of honour to witeness my award presentation. I would like to thank my family to raise me up with solid education in school and at home.

During my career, I was so fortune to work for great companies Cyberport HSBC IBM hashtagOracle Informix JOS Kingdee and met with great people. I learned a lot from them. It is only a few of them here. Daniel Lai Susanna Chiu Susanna Shen Sunny L. Stephen Lau Louis Ma Thomas Wan Kevin SM Yeung Allen Yeung David Chung Andrew Chan, Prof Jacky So of University of Macau, Mr. Robert Xu from Kingdee, Mrs. Chan Siu Hing from HSBC, and many others. Thank you so much to all of you.

I will continue to improve and do my best to contribute to innovation and technology industry especially in AI BigData FinTech and the society, economy and next generation in Asia. Cheers.