For Immediate Release

12 May 2005

The Sun Hung Kai Properties Nobel Laureates Distinguished Lectures made a successful debut last November and are now set to return. This year's lecture, on the Emergence of China in the World Economy, will be held on 3 June. Three Nobel laureates in Economic Sciences and three world-renowned economists will share their insights. The lectures are a collaboration between Sun Hung Kai Properties (SHKP) and The Chinese University of Hong Kong (CUHK).

The speakers will be Nobel laureates Edward C Prescott (2004), Robert A Mundell (1999) and Sir James A Mirrlees (1996) and professors Alberto F Alesina and Robert J Barro from Harvard University and Edmund S Phelps from Columbia University. The organizers have invited Financial Secretary Henry Tang to officiate at the opening ceremony, adding to the event's prestige. These scholars will lecture at the Grand Ballroom of Kowloon Shangri-La Hotel.

CUHK also introduced its new Institute of Economics at the press conference announcing this year's lecture. The Institute draws together experts from CUHK's departments of Economics, Decision Sciences and Managerial Economics. The synergy will build upon the university's strengths in teaching and research in economics, facilitate cooperation with prestigious institutions worldwide and contribute to the advancement of economic theory and its application. This year's Nobel Laureates Distinguished Lectures are also being coordinated by the Institute.

CUHK Vice-Chancellor Lawrence J Lau said: "I wish to express my deep gratitude to Sun Hung Kai Properties for its generous support. It will be such a valuable opportunity to have these prominent economists in Hong Kong on one occasion. They will discuss the emergence of China in the world economy, one of the hottest topics of our time, and I believe that the event will interest experts, academics and the general public, once more making this lecture series a significant event."

SHKP Vice Chairman & Managing Director Raymond Kwok said: "We always try to encourage talented young people and promote life-long learning. Our hope in staging this major event is that young people will learn and broaden their horizons, with the scholars' intellect and rigour inspiring them to new heights. As we did last year, we will arrange sessions in which students can meet the scholars, and we will try to arrange an event where local economists can meet with the lecturers, note their achievements and exchange views."

A limited number of free tickets will be distributed to the public, to give people a chance to benefit from the lecturers' scholarship and contributions to humanity. Details will be announced soon. University and secondary school students will also be invited to meet the scholars.

Background

The Sun Hung Kai Properties Nobel Laureates Distinguished Lectures are made possible by a generous donation from Sun Hung Kai Properties, in collaboration with The Chinese University of Hong Kong. The series sees Nobel laureates in any of the six recognized fields (Physics, Chemistry, Physiology and Medicine, Literature, Peace and Economic Sciences) invited to Hong Kong each year to deliver public lectures, meet with scholars and professionals in the education and commercial sectors and share their accomplishments. The series began in 2004 and is intended to promote discovery and the dissemination of knowledge, professional and entrepreneurial expertise, as well as scholarly pursuits and contributions to humanity and society.

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