HKUST Annual Report 2022-2023

HKUST annual report 2022-2023 LAB to Market  Analyzing Market Sentiment in Corporate Disclosures with Artificial Intelligence A Fintech project, led by Prof. Allen HUANG (Accounting) and Prof. YANG Yi ( Information Systems, Business Statistics and Operations Management), has developed FinSent, a free-to-use financial sentiment analysis web portal. Leveraging a deep- learning-based natural language processing model, FinSent automatically tracks sentiment in financial reports and earnings calls of listed companies in the US and Hong Kong, offering investors a new perspective to analyze listed companies beyond financial information. Predicting Geographical Expansion of Banks With the interaction between spatial heterogeneity (regional differences) and financial deepening (improving access to financial services) central to economic development, Prof. JI Yan (Finance) and his co-authors have devised an equilibrium model with a geographic perspective to study economic transitions linked to bank expansion. By integrating theory with measurement and data, they have uncovered important market characteristics that predict the geographic distribution of bank branches. Their model enhances the understanding of the aggregate and distributional implications of bank expansion, as well as the spatial consequences of financial sector policies. Widening Understanding of Family Offices in Greater China A team from HKUST’s Roger King Center for Asian Family Business and Office has set out to compile the “Landscape of Family Offices in Greater China Report” together with EY Private. The report will provide a comprehensive analysis of the current landscape for family offices in Greater China, the differences between family offices in the Mainland and Hong Kong, and the development of single and multi-family offices. Drawing on survey data collected from 160 respondents or organizations, the report will offer valuable insights for families, policymakers, and service providers in the wealth management industry.