Latest news with #CKGSB
The Wire
16-07-2025
- Business
- The Wire
A depressed art market may present a historical buying opportunity, say CKGSB and SDA Bocconi
BEIJING and MILAN, July 16, 2025 /PRNewswire/ -- Amid a cooling global art market, a new suite of data-driven tools offers investors a rare edge. The Cheung Kong Graduate School of Business (CKGSB) and SDA Bocconi School of Management have jointly launched the MM Art Indices, a pioneering set of indices tracking global art market performance and provide institutional-grade analysis. Building on the success of CKGSB's MM Chinese Art Indices (launched in 2023), the new MM Art Indices present MM Continental Art Price Indices, the first-ever comparative, long-term art price benchmarks constructed according to artists' birthplaces, spanning Asia-Africa-Oceania, Europe, and the Americas. According to the MM Art Indices, based on auction records (since 1873) from Sotheby's, Christie's, and Phillips across major global cities, Asia-Africa-Oceania recorded the strongest long-term growth, with a CAGR of 7.7%, despite a 6.4% decline in Spring 2025. The Americas rebounded sharply by 31.7%, while Europe increased by 22.4%, nearly recovering pandemic-era losses, though its long-term growth remains more modest at 2.3% CAGR. "These regional patterns reflect deeper economic shifts," said Mei Jianping, CKGSB Professor of Finance. "Europe's market is mature and stable, while the Americas show postwar expansion and volatility. Asia's growth, driven by China and India, is rapid but uneven." The Chinese art market rebounded by 9% in Spring 2025, despite a 48.2% drop from its 2020 peak. By combining the Sotheby's Mei & Moses Index (1928–2000) with the MM Art Indices (2000–2024), researchers found that 10-year rolling returns on art turned negative in 2023-2024–the worst in 70 years. "We're seeing a rare alignment of market conditions that suggest art may be undervalued on a historical basis," said Mei. "For long-term collectors, this could represent a strategic entry point into the market." CKGSB and SDA Bocconi have signed an MOU to co-develop new tools, including European country-level indices and sentiment metrics, under the newly launched Art Market and Finance Monitor at SDA Bocconi. "The MM Art Indices bring much-needed transparency to a market that has traditionally lacked standardized benchmarks," said Brunella Bruno, Professor of Finance at SDA Bocconi. "By applying rigorous financial methodologies, we're helping bridge the gap between cultural value and market performance," added Andrea Rurale, Director of Intensive Program in Art Markets and Finance at SDA BOCCONI. To read the full report, click here. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Korea Herald
16-07-2025
- Business
- Korea Herald
A depressed art market may present a historical buying opportunity, say CKGSB and SDA Bocconi
BEIJING and MILAN, July 16, 2025 /PRNewswire/ -- Amid a cooling global art market, a new suite of data-driven tools offers investors a rare edge. The Cheung Kong Graduate School of Business (CKGSB) and SDA Bocconi School of Management have jointly launched the MM Art Indices, a pioneering set of indices tracking global art market performance and provide institutional-grade analysis. Building on the success of CKGSB's MM Chinese Art Indices (launched in 2023), the new MM Art Indices present MM Continental Art Price Indices, the first-ever comparative, long-term art price benchmarks constructed according to artists' birthplaces, spanning Asia-Africa-Oceania, Europe, and the Americas. According to the MM Art Indices, based on auction records (since 1873) from Sotheby's, Christie's, and Phillips across major global cities, Asia-Africa-Oceania recorded the strongest long-term growth, with a CAGR of 7.7%, despite a 6.4% decline in Spring 2025. The Americas rebounded sharply by 31.7%, while Europe increased by 22.4%, nearly recovering pandemic-era losses, though its long-term growth remains more modest at 2.3% CAGR. "These regional patterns reflect deeper economic shifts," said Mei Jianping, CKGSB Professor of Finance. "Europe's market is mature and stable, while the Americas show postwar expansion and volatility. Asia's growth, driven by China and India, is rapid but uneven." The Chinese art market rebounded by 9% in Spring 2025, despite a 48.2% drop from its 2020 peak. By combining the Sotheby's Mei & Moses Index (1928–2000) with the MM Art Indices (2000–2024), researchers found that 10-year rolling returns on art turned negative in 2023-2024–the worst in 70 years. "We're seeing a rare alignment of market conditions that suggest art may be undervalued on a historical basis," said Mei. "For long-term collectors, this could represent a strategic entry point into the market." CKGSB and SDA Bocconi have signed an MOU to co-develop new tools, including European country-level indices and sentiment metrics, under the newly launched Art Market and Finance Monitor at SDA Bocconi. "The MM Art Indices bring much-needed transparency to a market that has traditionally lacked standardized benchmarks," said Brunella Bruno, Professor of Finance at SDA Bocconi. "By applying rigorous financial methodologies, we're helping bridge the gap between cultural value and market performance," added Andrea Rurale, Director of Intensive Program in Art Markets and Finance at SDA BOCCONI.
Korea Herald
01-07-2025
- Business
- Korea Herald
CKGSB Launches New White Paper on China's Role in the Global AI Race
BEIJING, July 1, 2025 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) today released a new white paper, China and the Global AI Race, revealing how China is leveraging its unique strengths in manufacturing, data, and a burgeoning startup scene to carve out a leadership role in artificial intelligence. As CKGSB Dean Li Haitao emphasizes, "AI is no longer just a sector – it is the architecture of a new global economy…And China's role in this transition is increasingly strategic." Drawing on insights from CKGSB faculty and industry experts, the report dissects China's AI strategy on four fronts: the open-source revolution, workforce transformation, intelligent robotics, and AI ecosystem development. The paper highlights the disruptive impact of open-source AI, pointing to the breakthrough DeepSeek R1 model, which offers powerful performance with lower hardware costs. This development could fundamentally alter the U.S.-China tech competition. As Professor of Strategic Management Teng Bingsheng explains, "China may not have to fight a chip war to the same will use engineering innovations to get around computational capacity, and that is a great opportunity." The paper also examines the human dimension of this transformation, analyzing how AI reshapes leadership and the workforce. Instead of replacing jobs, it creates demand for new skills and the emergence of what CKGSB Dean's Distinguished Chair Professor of Information Systems Sun Tianshu calls"AI Architects"—a new generation of business leaders focused on integrating intelligence into core operations. "The challenge is no longer about access to intelligence, but about how to integrate it effectively," says Sun. The report identifies robotics as the next pivotal area for growth. "The physical world will become the space of highest potential for AI development in the next few years," notes Sun. CKGSB alumnus Li Mingyang, Chairman of Jaka Robotics Co., adds, "China already has an advanced smart vehicle industry, which is fit for scaled mass production of the core components for robotics." Together, these insights paint a picture of a country not just participating in the AI race, but actively mapping out its future. China and the Global AI Race provides an essential guide for business leaders, policymakers, and anyone seeking to understand the trajectory of 21st-century technology and economic power.
The Wire
01-07-2025
- Business
- The Wire
CKGSB Launches New White Paper on China's Role in the Global AI Race
BEIJING, July 1, 2025 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) today released a new white paper, China and the Global AI Race, revealing how China is leveraging its unique strengths in manufacturing, data, and a burgeoning startup scene to carve out a leadership role in artificial intelligence. As CKGSB Dean Li Haitao emphasizes, "AI is no longer just a sector – it is the architecture of a new global economy…And China's role in this transition is increasingly strategic." Drawing on insights from CKGSB faculty and industry experts, the report dissects China's AI strategy on four fronts: the open-source revolution, workforce transformation, intelligent robotics, and AI ecosystem development. The paper highlights the disruptive impact of open-source AI, pointing to the breakthrough DeepSeek R1 model, which offers powerful performance with lower hardware costs. This development could fundamentally alter the U.S.-China tech competition. As Professor of Strategic Management Teng Bingsheng explains, "China may not have to fight a chip war to the same will use engineering innovations to get around computational capacity, and that is a great opportunity." The paper also examines the human dimension of this transformation, analyzing how AI reshapes leadership and the workforce. Instead of replacing jobs, it creates demand for new skills and the emergence of what CKGSB Dean's Distinguished Chair Professor of Information Systems Sun Tianshu calls "AI Architects"—a new generation of business leaders focused on integrating intelligence into core operations. "The challenge is no longer about access to intelligence, but about how to integrate it effectively," says Sun. The report identifies robotics as the next pivotal area for growth. "The physical world will become the space of highest potential for AI development in the next few years," notes Sun. CKGSB alumnus Li Mingyang, Chairman of Jaka Robotics Co., adds, "China already has an advanced smart vehicle industry, which is fit for scaled mass production of the core components for robotics." Together, these insights paint a picture of a country not just participating in the AI race, but actively mapping out its future. China and the Global AI Race provides an essential guide for business leaders, policymakers, and anyone seeking to understand the trajectory of 21st-century technology and economic power. The full white paper is available for download on the CKGSB official website HERE. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
Korea Herald
27-06-2025
- Business
- Korea Herald
CKGSB Dean Li Haitao Illuminates on China's AI Trajectory at 2025 Summer Davos
TIANJIN, China, June 27, 2025 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) Dean and Dean's Distinguished Chair Professor of Finance Li Haitao spoke at the Annual Meeting of the New Champions 2025 of the World Economic Forum, widely known as Summer Davos, in Tianjin, China, for the second year in a row, a testament to the school's thought leadership and acknowledgement. This year's Summer Davos focused on entrepreneurship for a new era. As the most active Chinese business school this year at the Summer Davos, CKGSB contributed to the discourse on multiple meaningful topics including AI reshaping global competition and entrepreneurship in the new era. In the session broadcast live globally on June 26, "Understanding China's approach to AI," Dean Li joined leading voices to explore China's advantage in developing AI amid re-globalization, industrial possibilities brought by AI, and how AI can propel doing business for good by providing scarce resources. "Only two countries, China and the US, can lead AI revolution in the next decades," emphasized Dean Li. "China has done lots of accumulation for decades with infrastructure, data, talent, and market to establish a unique AI ecosystem. Beyond home appliances, smartphones, and automobiles, humanoid robots have the greatest potential to become a trillion-dollar industry in China. CKGSB aspires to systematically prepare business leaders for what the AI era requires for strategic architecture capabilities and new leadership skills." Moderated by renowned journalist Yang Lan, the panel also featured executives and scholars including Unitree Robotics Founder and CEO Wang Xingxing, Haier CEO Zhou Yunjie, USC Professor of Law Angela Zhang Huyue, and Workera Founder and CEO Kian Katanforoosh. In addition, Dean Li delivered a keynote speech at the session around Gen Z consumers. He noted that with Gen Z's robust purchasing power and authentic passion for eco-conscious consumption, and as more start to evaluate companies' sustainable commitment when making career decisions, companies must build a new collaboration structure where people at all levels get to affect decision making, contribute their own knowledge and jointly create value. Dean Li also participated at the Global University Leaders Meeting, discussing how higher education institutions should shape the future of research through partnerships and continue to serve as engines of innovation. CKGSB also co-hosted CKGSB's 2025 Davos Night in collaboration with Tencent's Tencent News.
