Stephen Schwarzman, Chairman, CEO and Co-Founder of the Blackstone Group, drew a packed audience of more than 600 students, staff and members of the public at the Edward Chen Distinguished Lecture Series held in October 2010.
In his speech, entitled “Global Growth Prospects and Financial Services Post-Regulatory Reforms,” Schwarzman gave a positive outlook on the Asia economy, which has on the whole weathered the great recession much better than the US and Europe. The 21st century belongs to Asia, especially with China’s fast growing economy, remarked Schwarzman.
He forecasts that the 21st century global economy is likely to be driven by countries that were once deemed emerging economies. “In 10 years, nearly 50 percent of the global GDP will come from the developing world”, he said.For the full report by Amy Wu, please visit the Faculty of Business and Economics’ website
About the “Edward K Y Chen Distinguished Lecture Series”
The “Edward K Y Chen Distinguished Lecture Series” was initiated by a group of former HKU students of Professor Chen from the early 1970s as an accolade to the fine scholar and loving teacher. A fund was set up in 2007 to establish the Lecture Series at HKU in his honour. Not only does this Lecture Series represent a tribute to an honoured teacher, it also aspires to demonstrate the fine tradition of great respect and appreciation for Teachers and Mentors to our younger generation.
The Lecture Series is organised by the School of Economic and Finance.