Faculty Members
Prof. Billy S C MAK, M.H.
Associate Professor of Practice
Finance Discipline
Department of Accountancy, Economics and Finance
Associate Director (Financial Policy), Centre for Corporate Governance and Financial Policy
 | billy@hkbu.edu.hk |
 | 3411 7573 |
 | WLB 815 |
 | https://orcid.org/0000-0001-7986-3877 |
 | Billy S C MAK public CV |
 | View Scopus Profile |
* Financial Planning
* Real Estate
* Equity Markets
* Derivatives
* Investment Management
* Financial Strategy
* Mutinational Financial Management
* Corporate Finance
2000 University of Strathclyde (U.K.), PhD in Accounting & Finance
2000 Hong Kong Productivity Council, Diploma in Practical Internet/Intranet Application Development
1992 The Chinese University of Hong Kong, Diploma in Finance (Distinction)
1991 University of Warwick (U.K.), M.A. in Economics
1989 Hong Kong Baptist University, Honours Diploma in Economics (Distinction)
Impact of financial investment on confidence in a happy future retirementCheung, Y.-L.,Mak, B. S. C., Shu, H. & Tan, W.,Oct 2023,In:International Review of Financial Analysis.89, 102784. |
Corporate Social Performance, Firm Valuation, and Industrial Difference: Evidence from Hong KongCHEUNG, S. Y. L., Jiang, K.,MAK, B. S. C.& TAN, W.,Jun 2013,In:Journal of Business Ethics.114,4,p. 625-6317 p. |
Market Linkage for Dual-Listed Chinese StocksMak, B. S. C.& Ngai, A. M. S.,Mar 2005,In:Chinese Economy.38,2,p. 88-10720 p. |
Strategic share allocation and underpricings of IPOs in Hong KongCheng, L. T. W., Chan, K. C. &Mak, B. S. C.,Feb 2005,In:International Business Review.14,1,p. 41-5919 p. |
The derivative warrant market in Hong Kong: Relationships with underlying assetsDraper, P.,Mak, B. S. C.& Tang, G. Y. N.,1 Jun 2001,In:Journal of Derivatives.8,4,p. 72-8312 p. |
A note on market integration before and after the stock crash in October 1987TANG, G. Y. N. &MAK, B. S. C.,1 May 1995,In:Applied Economics Letters.2,5,p. 151-1555 p. |
The causal relationships between residential property prices and rentals in Hong Kong: 1982-1991Cheung, S. Y. L., Tsang, S. K. &MAK, B. S. C.,Jan 1995,In:Journal of Real Estate Finance and Economics.10,1,p. 23-3513 p. |
The causal relationship between stock index futures and cash index prices in Hong KongTANG, G. Y. N.,MAK, B. S. C.& Choi, D. F. S.,1 Dec 1992,In:Applied Financial Economics.2,4,p. 187-1904 p. |
Causality tests of the United States weekly money supply and Asian-pacific stock marketsMak, B. S. C.& Cheung, D. W. W.,Oct 1992,In:Asia Pacific Journal of Management.9,2,p. 253-2608 p. |
The international transmission of stock market fluctuation between the developed markets and the Asian-Pacific marketsCheung, S. Y. L. &Mak, B. S. C.,1 Mar 1992,In:Applied Financial Economics.2,1,p. 43-475 p. |
Medal of Honour, Hong Kong Special Adminstrative Region2025 |
Best Public Finance Commentary Award, HK 107 Momentum2025 |
Certificate of Appreciation, Investor and Financial Education Award, Investor and Financial Education Council2023 |
Award for Outstanding Performance in Service, The School of Business, Hong Kong Batpist University2013 |
Date | Media | Heading |
02/10/2025 | HKET | |
02/10/2025 | HKET | |
08/10/2025 | South China Morning Post | Can Hong Kong cash in on culture so arts hub, museums pay for themselves? |
09/10/2025 | HKCNA | |
12/10/2025 | Macao Daily | |
13/10/2025 | Headline Daily | 加密幣「史上最大爆倉」 比特幣跌2成以太幣插3成 (refer to attached) |
17/10/2025 | The Standard | HKT pledges to fulfill duties to stakeholders amid US revocation threat |
20/10/2025 | Now TV | |
23/10/2025 | HK Economic Journal | |
23/10/2025 | Cable TV | |
23/10/2025 | HK01 | |
23/10/2025 | Sing Tao Daily | |
23/10/2025 | The Standard | HK’s jobless rate may exceed 4pc amid graduate employment woes: expert |
24/10/2025 | Sing Tao Daily | |
28/10/2025 | HK Economic Journal | |
28/10/2025 | Ming Pao | |
29/10/2025 | HK Economic Journal | |
29/10/2025 | China Daily | |
30/10/2025 | Sing Tao Daily | |
31/10/2025 | TVB | |
02/09/2025 | Headline Daily | 世界知識產權組織評核 超越日美 全球創新指數榜 港深穗集群稱冠 (refer to attached) |
03/09/2025 | Sing Tao Daily | |
09/09/2025 | South China Morning Post | Hong Kong’s economy is growing, but why are some sectors still hurting? |
10/09/2025 | Sing Tao Daily | |
10/09/2025 | Sing Tao Daily | |
10/09/2025 | Sing Tao Daily | |
12/09/2025 | South China Morning Post | |
15/09/2025 | Ming Pao | |
15/09/2025 | Ming Pao | |
15/09/2025 | HKEJ | |
18/09/2025 | Headline Daily | |
18/09/2025 | Headline Daily | |
25/09/2025 | TVB | |
26/09/2025 | Wen Wei Po | |
26/09/2025 | Ming Pao | |
30/09/2025 | Ming Pao | |
06/08/2025 | HK Economic Times | |
09/08/2025 | China Daily Hong Kong | |
11/08/2025 | Master Insight | |
11/08/2025 | The Star | |
12/08/2025 | Sing Tao Daily | |
14/08/2025 | Hong Kong China News Agency | |
17/08/2025 | Hong Kong China News Agency | |
18/08/2025 | Vakio Daily News | |
19/08/2025 | Sing Tao Headline | |
20/08/2025 | stnn.cc | |
19/08/2025 | Sing Tao Daily | |
20/08/2025 | Sing Tao Daily | |
20/08/2025 | Sing Tao Daily | |
20/08/2025 | Wen Wei Po | |
20/08/2025 | worldjournal.com | |
22/08/2025 | Ming Pao | |
28/08/2025 | Headline Daily | |
30/08/2025 | Sing Tao Daily | |
30/08/2025 | Sing Tao Daily | |
3/6/2025 | Sing Tao Daily | |
3/6/2025 | RTHK | |
5/6/2025 | East Week | |
7/6/2025 | Sing Tao Daily | |
7/6/2025 | Sing Tao Daily | |
7/6/2025 | HK Economic Journal | |
10/6/2025 | HK Economic Journal | |
12/6/2025 | Wen Wei Po | |
13/6/2025 | Sing Tao Daily | |
18/6/2025 | Headline Daily | |
21/6/2025 | Sing Tao Daily | |
23/6/2025 | Ming Pao | |
23/6/2025 | Ming Pao | |
24/6/2025 | Headline Daily | |
24/6/2025 | Yahoo! News | |
25/6/2025 | HK01 | |
25/6/2025 | Commercial Radio Hong Kong | |
26/6/2025 | HK Economic Times | |
27/6/2025 | Ming Pao | |
28/6/2025 | Wen Wei Po | |
26/6/2025 | South China Morning Post | Hong Kong exports up 15.5% in May as firms race to beat China-US tariff deadline |
07/05/2025 | South China Morning Post | |
09/05/2025 | Sing Tao Daily | |
10/05/2025 | Sing Tao Headline | |
13/05/2025 | Headline Daily | |
13/05/2025 | The Standard | |
14/05/2025 | RTHK Radio 1 | |
14/05/2025 | Oriental Daily | |
14/05/2025 | Sing Pao | |
14/05/2025 | Sing Tao Daily | |
14/05/2025 | hkcna.hk | |
14/05/2025 | hkcna.hk | |
14/05/2025 | chinatimes.com | |
14/05/2025 | South China Morning Post | China-US tariff truce offers Hong Kong exporters 90-day window to ship goods |
14/05/2025 | The Standard | Depleted inventories and inflation fears push US-China to ease tariffs, economists say |
17/05/2025 | South China Morning Post | 3.1% growth in first quarter raises hopes for 2025 target |
21/05/2025 | speakout.hk | |
21/05/2025 | The Standard | |
23/05/2025 | nowTV | |
23/05/2025 | Sing Pao Daily News | |
23/05/2025 | speakout.hk | |
23/05/2025 | speakout.hk | |
24/05/2025 | HK Commerical Daily | |
24/05/2025 | Sing Pao | |
27/05/2025 | Ming Pao | |
27/05/2025 | South China Morning Post | Hong Kong exports up by 14.7% year on year in April due to mainland China growth |
28/05/2025 | Ta Kung Pao | |
29/05/2025 | meetinghk.com | |
02/04/2025 | Ming Pao | |
03/04/2025 | hkcna.hk | |
07/04/2025 | TVB | |
07/04/2025 | South China Monring Post | Hong Kong’s Paul Chan warns of market volatility, but holds back on intervention |
07/04/2025 | hkcna.hk | |
07/04/2025 | hkcna.hk | |
08/04/2025 | Jornal Cheng Pou | |
08/04/2025 | Jornal Va Kio | |
09/04/2025 | China Daily Hong Kong Edition | |
09/04/2025 | World News | 關稅戰觸發黑色星期一港股重挫13% |
09/04/2025 | China Daily Hong Kong Edition | |
10/04/2025 | Wen Wei Po | |
10/04/2025 | Macao Daily | |
10/04/2025 | Jornal Cheng Pou | |
10/04/2025 | Jornal Va Kio | |
10/04/2025 | Master Insight | |
10/04/2025 | TVBS | |
10/04/2025 | outh.cn | |
10/04/2025 | Master Insight | |
10/04/2025 | Hong Kong Economic Journal | |
10/04/2025 | RTHK | |
10/04/2025 | RTHK | |
10/04/2025 | Sing Tao Headline | |
11/04/2025 | Sing Tao Daily | |
11/04/2025 | Headline Daily | |
11/04/2025 | Sing Pao Daily News | |
11/04/2025 | HK Economic Journal | |
11/04/2025 | The Standard | Escalating US-China trade war 'hinders business with American buyers' |
11/04/2025 | MEETHK | |
11/04/2025 | udn.com | |
11/04/2025 | Vision Times | |
11/04/2025 | cryptorank | |
12/04/2025 | Cable TV | |
12/04/2025 | westca.com | |
12/04/2025 | bg3.co | |
14/04/2025 | Headline Daily | |
15/04/2025 | Ming Pao | |
16/04/2025 | Wen Wei Po | |
24/04/2025 | Sing Tao Daily | |
28/04/2025 | Oriental Daily | |
29/04/2025 | HK Economic Journal | |
29/04/2025 | Headline Daily | |
29/04/2025 | Ming Pao | |
29/04/2025 | The Standard | |
03/03/2025 | RTHK | |
03/03/2025 | am730 | |
03/03/2025 | HK Economic Times | |
04/03/2025 | Headline Daily | |
05/03/2025 | HK Economic Journal | |
07/03/2025 | Sing Tao Daily | |
10/03/2025 | Sing Tao Daily | |
10/03/2025 | udn.com | |
11/03/2025 | RTHK | |
11/03/2025 | Commercial Radio | |
11/03/2025 | Sing Pao | |
11/03/2025 | Orange News | |
11/03/2025 | Bastille Post | |
11/03/2025 | HK Invest | |
18/03/2025 | HK Economic Times | |
21/03/2025 | China Daily Hong Kong Edition | |
28/03/2025 | Headline Daily | |
28/03/2025 | South China Monring Post | Hong Kong Sevens, Art Basel no match for Taylor Swift’s economic power: experts |
29/03/2025 | Sing Tao Daily | |
29/03/2025 | Headline Daily | |
29/03/2025 | Sing Pao | |
03/02/2025 | Hong Kong Economic Times | |
03/02/2025 | China Times | |
04/02/2025 | South China Morning Post | Hong Kong economy grows by 2.5% in 2024, in line with forecasts |
05/02/2025 | am730 | |
06/02/2025 | Headline Daily | |
06/02/2025 | HK Commercial Daily | |
07/02/2025 | Jornal Cheng Pou | |
07/02/2025 | Jornal Va Kio | |
10/02/2025 | HK Economic Journal | |
13/02/2025 | hk.crntt.com | |
16/02/2025 | Ming Pao | |
17/02/2025 | Ta Kung Po | |
17/02/2025 | HK Economic Journal | |
17/02/2025 | Headline Daily | |
17/02/2025 | South China Morning Post | Hong Kong deficit woes won’t stop funding of Northern Metropolis with bonds |
17/02/2025 | The Standard | |
18/02/2025 | Headline Daily | |
20/02/2025 | Master Insight | 麥萃才教授：DeepSeek成功中國可以對美國科技霸權說不嗎？ 中國AI還可在哪個賽道跑出？ 中文為何在AI思考邏輯較英文更有優勢？ |
20/02/2025 | China Daily Hong Kong Edition | |
21/02/2025 | China Daily Hong Kong Edition | |
21/02/2025 | ETNet | |
21/02/2025 | Master Insight | |
21/02/2025 | ETNet | |
23/02/2025 | Sing Tao Daily | |
24/02/2025 | Sing Tao Daily | |
25/02/2025 | South China Morning Post | Raising service charges needed for Hong Kong’s financial health, experts say |
26/02/2025 | Ming Pao | |
26/02/2025 | HK Economic Times | |
26/02/2025 | Sing Tao Daily | |
26/02/2025 | hkcna.hk | |
26/02/2025 | Macao Daily News | |
27/02/2025 | Sing Tao Daily | |
27/02/2025 | Ta Kung Po | |
27/02/2025 | Ming Pao | |
27/02/2025 | Headline Daily | |
27/02/2025 | HK Economics Times | |
27/02/2025 | HKTKWW | |
27/02/2025 | ULifestyle | |
27/02/2025 | Australian Chinese Daily | |
28/02/2025 | RTHK | |
28/02/2025 | Australian Chinese Daily | |
01/01/2025 | Ming Pao | |
03/01/2025 | TVB | |
05/01/2025 | South China Morning Post | Hong Kong aims to cut costs as deficit expected to hit nearly HK$100 billion |
10/01/2025 | China Daily Hong Kong Edition | HK’s Airport Authority makes history with $7b multi-currency bond sale |
13/01/2025 | Sing Tao Daily | |
16/01/2025 | jdonline.com, NetEase | |
17/01/2025 | Ming Pao | |
17/01/2025 | Oriental Daily | |
17/01/2025 | Headline Daily | |
18/01/2025 | HK Economic Times | |
18/01/2025 | hkcna.hk | |
19/01/2025 | hkcna.hk | |
19/01/2025 | Jornal Cheng Pou | |
20/01/2025 | Jornal Va Kio | |
22/01/2025 | HK Economic Times | |
22/01/2025 | Headline Daily | |
22/01/2025 | Sing Pao | |
23/01/2025 | HK Economic Journal | |
23/01/2025 | HK Economic Journal | |
23/01/2025 | Headline Daily | |
23/01/2025 | HK Economic Journal | |
23/01/2025 | Sing Tao Headline | |
23/01/2025 | Dotdotnews | |
23/01/2025 | hkcna.hk | |
23/01/2025 | The Standard | |
23/01/2025 | The Standard | Trump's extra 10pc tariff on China likely to slow city's economic recovery |
23/01/2025 | East Week | |
23/01/2025 | Taiwan Times | |
23/01/2025 | HKONG.HK | |
23/01/2025 | stnn.cc | |
23/01/2025 | PChome | |
23/01/2025 | Commercial Times Taiwan | |
24/01/2025 | China Daily Hong Kong Edition | |
24/01/2025 | huaxia.com | |
28/01/2025 | HK Economic Times | |
03/12/2024 | TVB | 學者料千億財赤將維持一段時間 認為政府應調整賣地策略 |
03/12/2024 | Commercial Radio | |
03/12/2024 | Oriental Daily News | |
04/12/2024 | Master Insight | |
04/12/2024 | Ta Kung Po | |
09/12/2024 | South China Morning Post | |
10/12/2024 | HK Economic Times | |
11/12/2024 | Ming Pao | |
16/12/2024 | Ming Pao | |
16/12/2024 | South China Morning Post | Innovation, fostering unity among tasks for Hong Kong’s John Lee: observers |
17/12/2024 | Australian Chinese Daily | |
18/12/2024 | Sing Tao Daily | |
19/12/2024 | Sing Tao Canada | |
20/12/2024 | HK01 | |
20/12/2024 | ETNet | |
23/12/2024 | HK Economic Times | |
23/12/2024 | HK Economic Journal | |
24/12/2024 | Ifeng.com | |
01/11/2024 | Lion Rock Daily | |
01/11/2024 | Wen Wei Po | |
01/11/2024 | Cheng Pou | |
01/11/2024 | Hou Kong Daily | |
01/11/2024 | hkcna.hk | |
01/11/2024 | hkcna.hk | |
02/11/2024 | hkcna.hk | |
02/11/2024 | HKTKWW | |
05/11/2024 | Ming Pao | |
08/11/2024 | Ming Pao | |
08/11/2024 | NowTV | |
11/11/2024 | Lion Rock Daily | |
11/11/2024 | HK Commerical Daily | 飛龍轉熊貓聯合拓商機 (See attached file) |
11/11/2024 | hkcna.hk | |
11/11/2024 | chinesepress.com | |
13/11/2024 | Headline Daily | |
14/11/2024 | NetEase | 来了，香港“包邮” |
16/11/2024 | Headline Daily | |
16/11/2024 | China Daily Hong Kong Edition | |
20/11/2024 | Ming Pao | |
20/11/2024 | Headline Daily | |
20/11/2024 | Economic Digest | |
20/11/2024 | stnn.cc | |
21/11/2024 | Sing Tao Headline | |
21/11/2024 | Bauhinia Magazine | 灼見名家投資論壇舉行 探討來年運程及投資大勢 |
22/11/2024 | Sing Tao Daily | |
22/11/2024 | Headline Daily | |
25/11/2024 | South China Morning Post | Hong Kong studio to draw on panda economy with new character IP |
27/11/2024 | Headline Daily | |
27/11/2024 | Ming Pao | |
27/11/2024 | Sing Tao Daily | |
27/11/2024 | The Standard | |
28/11/2024 | Ta Kung Po | |
29/11/2024 | Wen Wei Po | |
29/11/2024 | Sing Pao Daily News | |
30/11/2024 | Wen Wei Po | |
03/10/2024 | Headline Daily | |
03/10/2024 | Macao Daily News | |
03/10/2024 | Hou Kong Daily | |
04/10/2024 | Wen Wei Po | |
04/10/2024 | HK Economic Times | |
05/10/2024 | NetEase | |
05/10/2024 | NetEase | |
05/10/2024 | China Daily Hong Kong Edition | |
08/10/2024 | Master Insight | 麥萃才教授：美國威脅制裁在港上市外資 中國怎樣推出組合拳提振經濟？ 全球採用人民幣不斷上升 香港有機會取代倫敦金融中心地位？ |
09/10/2024 | hkcna.hk | |
13/10/2024 | Master Insight | |
13/10/2024 | GOtrip.hk | |
15/10/2024 | Ming Pao | |
16/10/2024 | Headline Daily | |
17/10/2024 | CRHK | |
17/10/2024 | HK Economic Journal | |
17/10/2024 | The Standard | |
19/10/2024 | Oriental Daily News | |
19/10/2024 | The Standard | |
29/10/2024 | HK Economic Times | |
30/10/2024 | Headline Daily | |
05/09/2024 | China Daily Hong Kong Edition | |
11/09/2024 | HK Economics Times | |
11/09/2024 | Headline Daily | |
13/09/2024 | Master Insight | |
14/09/2024 | HK Economic Times – Property Times | |
16/09/2024 | Ming Pao | |
18/09/2024 | Radio Taiwan Intl | |
18/09/2024 | Economic Daily News | |
19/09/2024 | Sing Tao Headline | |
19/09/2024 | HK01 | |
19/09/2024 | hkcna.hk | |
19/09/2024 | Economic Digest | |
19/09/2024 | Sing Tao Canada | |
19/09/2024 | Xinhua Finance | |
19/09/2024 | stnn.cc | |
20/09/2024 | Jornal Cheng Pou | |
20/09/2024 | cgw.gr | |
21/09/2024 | HK Economic Times | |
23/09/2024 | China Daily Hong Kong Edition | Experts: New plan for market trading during bad weather faces real-world test |
24/09/2024 | South China Morning Post | HK to test drone, flying car services in 'step-by-step' plan |
24/09/2024 | China Daily Hong Kong Edition | Plan for market trading during bad weather in HK ‘faces real-world test’ |
24/09/2024 | hkcna.hk | |
25/09/2024 | China Daily Hong Kong Edition | HKTDC: Hong Kong exporters remain positive over business prospects |
27/09/2024 | Headline Daily | |
27/09/2024 | Headline Daily | |
29/09/2024 | Ming Pao | |
01/08/2024 | Ming Pao | |
01/08/2024 | Jornal Cheng Pou | |
01/08/2024 | Jornal Va Kio | |
01/08/2024 | hkcna.hk | |
02/08/2024 | rfi | |
03/08/2024 | Ming Pao | |
06/08/2024 | Headline Daily | |
07/08/2024 | HK Economic Journal | |
08/08/2024 | China Minutes | |
12/08/2024 | The Standard | |
12/08/2024 | Go Trip | |
13/08/2024 | South China Morning Post | |
21/08/2024 | Sing Tao Daily | |
27/08/2024 | hkcna.hk | |
29/06/2024 | Sing Tao Daily | |
05/07/2024 | hkcna.hk | |
12/07/2024 | Headline Daily | |
12/07/2024 | Sing Tao Daily | |
12/07/2024 | The Standard | |
12/07/2024 | ET Net | |
14/07/2024 | Ta Kung Pao | |
18/07/2024 | Sing Pao | 分析料西九地皮估約值150億元 |
18/07/2024 | Sing Tao Daily | |
18/07/2024 | The Standard | |
20/07/2024 | Headline Daily | |
20/07/2024 | Sing Pao | 6月破產呈請702宗 按年升近10% |
25/07/2024 | TVB | |
27/07/2024 | HK Economic Journal | |
27/07/2024 | Jornal Cheng Pou | |
27/07/2024 | hkcna.hk |