Jockey Club supports establishment of endowed professorships at The University of Hong Kong to advance sustainability research

Press Release

7 May 2026

In support of cross‑sector collaboration to advance sustainable development, The Hong Kong Jockey Club, through its Charities Trust, has approved a donation of over HK$426 million to support The University of Hong Kong (HKU) in establishing and operating the HKU Jockey Club Enterprise Sustainability Global Research Institute. The donation also supports the creation of The Hong Kong Jockey Club Endowed Professorships, with the aim of bringing together distinguished international scholars from diverse fields to provide global insights into local needs and to transform research findings into practical policy recommendations and solutions for a more liveable and resilient Hong Kong – so contributing to the betterment of society.

The dedication ceremony of The Hong Kong Jockey Club Endowed Professorships was held on 5 May. Attending guests included Rimsky Yuen, The Hong Kong Jockey Club Steward, Prof Xiang Zhang, President and Vice-Chancellor of The University of Hong Kong; Prof Yang Wang, Vice-President and Pro-Vice-Chancellor (Institutional Advancement) of The University of Hong Kong; Professor Hongbin Cai, Dean of Business School of The University of Hong Kong and three endowed professors: Professor Guojun He, The Hong Kong Jockey Club Professor in Economics; Professor Jeffrey Ng, The Hong Kong Jockey Club Professor in Accounting, and Professor Uta Schönberg, The Hong Kong Jockey Club Professor in Economics.

Congratulating the four eminent scholars on their appointments, including Professor Roni Michaely, The Hong Kong Jockey Club Professor in Finance and Entrepreneurship, who was unable to attend the ceremony, Club Steward Rimsky Yuen said that, with the support of the four endowed professorships, the institute is well-placed to become a world-class knowledge hub, providing actionable insights that can deliver meaningful impact in Hong Kong, Asia and beyond. He added that the Club has supported many groundbreaking initiatives at HKU over the years. This reflects the Club’s long-standing investment in human capital and higher education, and its commitment to nurturing leaders who can propel the city’s economic development and sustain the prosperity of the nation.

The HKU Jockey Club Enterprise Sustainability Global Research Institute aims to become a world-class hub for Environmental, Social, Governance (ESG) and Sustainability best practice in Hong Kong, Asia and beyond with respect to three core aspects:

Research — Create four endowed professorships in the disciplines of economics, finance, entrepreneurship, and accounting. Under the leadership of the appointed scholars, the Institute will foster multidisciplinary collaboration and integrate knowledge with practice and transform top-tier research into actionable solutions.
Engagement — Develop a sustainability index, offer consultancy and advisory services, and organise conferences, seminars and international summits to facilitate dialogues and forge cross‑sector partnerships.
Education — Curate sustainability related courses and interdisciplinary initiatives to equip forward-looking sustainability professionals.

The Club’s support for the HKU Jockey Club Enterprise Sustainability Global Research Institute, like all its charity and community donations, is made possible by its unique integrated business model through which racing and responsible sports wagering generate substantial tax contributions, charity support and employment opportunities for Hong Kong.

The Hong Kong Jockey Club

Founded in 1884, The Hong Kong Jockey Club is a world-class sports and entertainment organisation that acts continuously for the betterment of our society. The Club has a unique integrated business model, comprising racing and racecourse entertainment, a membership club, responsible sports wagering and lottery, and charities and community contribution. Through this model, the Club generates economic and social value for the community and supports the HKSAR Government in combatting illegal gambling. In 2024/25, the Club returned a total of HK$39.1 billion to the community. This included HK$30.1 billion to the HKSAR Government in duty, profits tax and Lotteries Fund contributions and HK$9.0 billion in approved charity donations. The Club is Hong Kong’s largest single taxpayer and one of the city’s major employers. Its Charities Trust is one of the world’s leading charity donors.

About HKU Jockey Club Enterprise Sustainability Global Research Institute

The HKU Jockey Club Enterprise Sustainability Global Research Institute is established by HKU Business School and funded by The Hong Kong Jockey Club Charities Trust, to establish a world-class hub for best practices of Sustainability in Hong Kong, Asia and beyond. Our mission is to promote excellence in the field of Sustainability by bringing together globally distinguished scholars from diverse fields, integrating knowledge and practice, inspiring innovation, fostering collaboration and conducting impactful research. We work in partnership with academics, government departments, NGOs and corporate partners to harness the transformative power of environmental, social and corporate governance to create a sustainable and equitable future.

To date, the Institute has developed a global scholar network including over 200 worldwide academics, featuring 2 Nobel Laureates and 7 Top 1% most-cited economics scientists according to the Clarivate Analytics. We are ranked No.1 in Asia based on the volume of research publications and have cultivated over 100 partners from the corporate, government, and NGO sectors. Our events have reached over 100,000 participants. We are dedicated to pursuing research excellence and applying its cutting-edge insights in practice to power societal progress and create a sustainable and equitable future for all.

Picture 1: Rimsky Yuen, The Hong Kong Jockey Club Steward (left) and Prof Xiang Zhang, President and Vice-Chancellor of The University of Hong Kong (right) officiate at the dedication ceremony of The Hong Kong Jockey Club Endowed Professorships.

Picture 2: Club Steward Rimsky Yuen delivers a speech at the dedication ceremony of The Hong Kong Jockey Club Endowed Professorships.

Picture 3: Rimsky Yuen, The Hong Kong Jockey Club Steward (3rd left); Prof Xiang Zhang, President and Vice-Chancellor of The University of Hong Kong (centre); Prof Yang Wang, Vice-President and Pro-Vice-Chancellor (Institutional Advancement) of The University of Hong Kong (1st left); Professor Hongbin Cai, Dean of Business School of The University of Hong Kong; and the three endowed professors (2nd left): Professor Guojun He, The Hong Kong Jockey Club Professor in Economics (3rd right); Professor Jeffrey Ng, The Hong Kong Jockey Club Professor in Accounting (1st right), and Professor Uta Schönberg, The Hong Kong Jockey Club Professor in Economics (2nd right) attend the dedication ceremony of The Hong Kong Jockey Club Endowed Professorships

Picture 4: Group photo.

All photos are provided by The Hong Kong Jockey Club