Reducing Inequality in Hong Kong and around the World

Four distinguished Chicago Economics PhD alumni will discuss inequality in Hong Kong and across the globe. The speakers will present their views on the root causes of widening inequality and offer their insights on solutions, with Q&A to follow.

Cost: $25 Event Only; $90 Event + Dinner

Event Details:
Thursday, August 3, 2017
Shanghai Fraternity Association
1-3/F, South China Building, 1 Wyndham Street, Central, Hong Kong

6:00 PM – 7:00 PM: Registration, Reception, Networking
7:00 PM – 8:00 PM: Opening Remarks, Panel Discussion, Q&A
8:00 PM – 9:30 PM: Dinner (optional)

Discussion Highlights:
What are the root causes of widening income inequality across the globe?
How should we view inequality from the perspective of Chicago Economics?
How has globalization and technological progress contributed to the phenomenon?
What may policymakers do in Hong Kong and across the world?

Registration & Cost:
Deadline: July 30, 2017
USD $25: Event Only
USD $90: Event + Dinner (optional)

Speaker Profiles:



Dr. K.C. Chan
Professor KC Chan was the Secretary for Financial Services and the Treasury of Hong Kong from 2007 to 2017. Prior to joining the Government in 2007, he was the Dean of Business and Management in the Hong Kong University of Science and Technology (HKUST). Before joining the HKUST Business School in 1993, Professor Chan taught at Ohio State University in the United States.

Professor Chan received his bachelor's degree in economics from Wesleyan University and his M.B.A. and Ph.D. in finance from the University of Chicago. He specialized in assets pricing, evaluation of trading strategies and market efficiency and has published numerous articles on these topics.

Before joining the Government, Professor Chan held a number of public service positions including Chairman of the Consumer Council, Director of the Hong Kong Futures Exchange, and Member of the Commission on Strategic Development, Commission on Poverty, the Exchange Fund Advisory Committee, the Hang Seng Index Advisory Committee, and the Hong Kong Council for Academic Accreditation. He was former President of the Asian Finance Association and President of Association of Asia Pacific Business Schools.

Dr. Kevin M. Murphy

Kevin M. Murphy’s research focuses on the empirical analysis of inequality, unemployment, and relative wages; the economics of growth and development; and the economic value of improvements in health and longevity. More than sixty of Murphy’s research papers have been published in academic journals, including the Journal of Law and Economics, the Journal of Political Economy and American Economic Review.

Along with Robert Topel, Murphy is the coeditor of measuring the Gains from Medical Research: An Economic Approach. He coauthored Social Economics: Market Behavior in a Social Environment, with the late Gary Becker. He is also a faculty research associate with the National Bureau of Economic Research.

Murphy was named a MacArthur Fellow in 2005 by the John D. and Catherine T. MacArthur Foundation, making him the first professor at a business school to be chosen as a MacArthur Fellow since the award was started in 1981. In 1997, Murphy received the John Bates Clark Medal from the American Economic Association. He earned his PhD in 1986 from the University of Chicago after graduating from the University of California at Los Angeles with a bachelor's degree in economics in 1981. He joined the Chicago Booth faculty in 1984.


Dr. Y.C. Richard Wong
Y C Richard Wong received his Ph.D. from the University of Chicago in 1981. He was Visiting Scholar at the National Opinion Research Center, University of Chicago in 1985 and at the Hoover Institution, Stanford University in 1989. He joined the School in September 1992, served as Director (1997-2000) of the School of Business, Dean (2001-04) and Acting Dean (2004-07) of the Faculty of Business and Economics, and Deputy Vice-Chancellor and Provost (2004-2010).

His current research focuses are public housing in Hong Kong, the political economy of laissez faire in Hong Kong, and regional economic development in China. His research on public housing studies the welfare effects of the government public housing strategy and recommends the sale of public housing units to improve efficiency and equity.

He had served on a number of public bodies, including, the Exchange Fund Advisory Committee, Housing Authority, Industry and Technology Development Council, and University Grants Committee; and on the Central Policy Unit, Chief Executive’s Commission on Innovation and Technology, Commission on Strategic Development-Committee on Economic Development and Economic Cooperation with the Mainland, Council of Advisors on Innovation and Technology, Dental Council, Economic Advisory Committee, Hospital Authority, Pacific Economic Cooperation Council (Hong Kong Committee), Land and Building Advisory Committee, and Financial Secretary’s Services Promotion Strategy Group. He was awarded the Silver Bauhinia Star in 1999 by the Government of the Hong Kong Special Administrative Region in recognition of his contributions to education, housing, and industry and technology development. He was appointed a Justice of the Peace in 2000.


Dr. David Yau-Kar Wong, GBS, JP:
Dr. David Yau-Kar Wong, GBS, JP, serves as the Managing Director of United Overseas Investments Limited. Dr. Wong has business experience in Manufacturing, International Trade and Corporate Finance. He was an Economist of Federal Reserve Bank of Philadelphia. Dr. Wong holds a Ph.D. in Economics from University of Chicago in August 1987.

He has been the Chairman of Mandatory Provident Fund Schemes Authority since March 17, 2015. Dr. Wong served as Non Executive Director of CIAM Group Limited since July 15, 2009 until March 9, 2015. He serves as an Independent Non-Executive Director at Sinopec Yu Ji Pipeline Company Limited. He serves as an Independent Non-Executive Director of Asian Union New Media (Group) Limited. He serves as an External Director of Shenzhen Investment Holdings Co., Ltd. He was elected as a Hong Kong Deputy of the 12th National People's Congress.

He is actively participating in public services and to name a few, he is chairman of the Land and Development Advisory Committee, the Protection of Wages on Insolvency Fund Board and the Societal Engagement Task Force of the Commission on Poverty. Dr. WONG is also committee member of the Exchange Fund Advisory Committee and a council member of the Hong Kong Baptist University. In the business sector, he is the permanent honorary president of the Chinese Manufacturers' Association of Hong Kong, chairman of the Business & Professionals Federation of Hong Kong and Deputy Chairman of the Hong Kong Institute of Directors. In 2010, he was appointed as a Justice of Peace (JP) and in 2012, he was awarded a Bronze Bauhinia Star (BBS) for his valuable contribution to the society.

Francis Yuen, AB'75:
Francis Yuen majored in economics in the College (AB 75’), where he lived in Burton-Judson, and has had an extensive career in investment banking and financial regulatory affairs. Currently vice chair (nonexecutive) of Pacific Century Regional Developments Limited, an independent nonexecutive director of the Agricultural Bank of China, chair of the advisory board of Ortus Capital Management Limited, and chair of the board of trustees of the Hong Kong Centre for Economic Research, Yuen has held board appointments and executive positions across Asia, including chief executive of the Stock Exchange of Hong Kong Limited from 1988 to 1991, vice chair of the Pacific Century Group, and executive chairman of Pacific Century Insurance Holdings Limited. He is a founding member of the Chicago Economics Society, a global University of Chicago alumni group devoted to economics. A University trustee since 1999, Francis Yuen is also a trustee of Fudan University in Shanghai and vice chair of the advisory board to the MBA program at the Chinese University of Hong Kong.

Francis and Rose Yuen were instrumental in bringing Ngô Bao Châu to the University in 2010, shortly before he won the Fields Medal, by establishing the Francis and Rose Yuen Distinguished Service Professorship in Mathematics. They have also supported scholarships and fellowships for international and graduate students, and the University’s Centers in Beijing, Hong Kong, and Paris. They established the Anthony C. Yu Dissertation Fellowship, which supports the work of a student in comparative religion and literature in the Divinity School or the Division of the Humanities, in memory of Yu, PhD’69, the Carl Darling Buck Distinguished Service Professor Emeritus in the Humanities and the Divinity School. Yu was a much-trusted lifelong friend and mentor.


Event Contact
Brian Tsui

Staff Liaison
Sharday El-Assar