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The COVID-19 pandemic has subdued our physical economy, but mankind’s innovative spirit is indominable. On November 14, 2020, Professor Hongbin Cai, Dean of HKU Business School, and his PhD advisor cum 2020 Nobel Laureate in Economic Sciences, Professor Paul Robert Milgrom from Stanford University were invited for discussion at the 11th Caixin Summit “Rebuilding Global Trust” on the development of auction theory and the study of market design. Professor Milgrom spiced up the conference by sharing his Nobel Prize worth of masterpiece---a customised auction model that brings Genesis to the United States (US) broadcast landscape.

很多人把「一國兩制」的「五十年不變」，誤解為「資本主義」的「什麼都不變」，以為只要教條地延續自由放任的經濟邏輯和單一固化的經濟結構，不需進行任何改革，就能維持香港輝煌；不料，我們卻因而忽略這一經濟體制的缺陷，甚至捲進意識形態衝突的洪流，不但無法擺脫「變與不變」的糾纏，而且陷入由盛轉衰的困境。

在11月5日举行的财新峰会上，2020年诺贝尔经济学奖得主Paul Milgrom和香港大学经济及工商管理学院院长蔡洪滨针对市场与政府之间的关系进行了探讨。蔡洪滨认为，市场和政府不是两极化关系，由谁占主导需要分情况精心设计。Paul Milgrom认为，市场机制要根据市场需求去设计，需关注社会公平。疫苗发放和5G普及涉及不同的公共需求，市场设计所采用的理念和方法也不相同。

Hong Kong business school courses, including two top-ranked executive MBAs, have delayed their start dates until next year because of the coronavirus pandemic and student objections to online learning.

Professor Hongbin Cai, Dean of HKU Business School with another two Deans from top Business Schools joined The Stanford China Economic Forum to facilitate international collaborations and explore education trends.

Prof. Hongbin Cai, Dean of HKU Business School was interviewed by Cai Xin on 2020 Nobel Prize in Economics: Basic Research and Applied Research.

Prof. Hongbin Cai, Dean of HKU Business School was interviewed by Master Insight on how he was inspired by his advisor in thesis, Prof. Paul Milgrom, one of the winners of 2020 Nobel in Economics.

Prof. Hongbin Cai, Dean of HKU Business School was interviewed by Master Insight on how dominant of Hong Kong tertiary Institutions among the global critical situation.

當前香港經濟可說是內外交困，雪上加霜，面臨無比嚴峻的挑戰。當務之急，自然是保民生，穩就業，支援在困境中求存的中小企業。社會普遍關注的問題是，如何協助經濟擺脫困局走出泥沼？要回答這個問題，首先要認清香港經濟隧道盡頭的曙光所在；遠慮不清，近憂難解。只有明確的經濟前路，才有可能對症下藥，回到復甦的軌道。