MUST held the Lecture of the Distinguished Lecture Series
Zhang Weiying spoke on “Entrepreneurial Spirit and Economic Growth”
The Institute of Development Economics at Macau University of Science and Technology (MUST) hosted the Distinguished Lecture Series on December 6, 2024, at 3:00 PM in N Hall, in collaboration with the School of Business at MUST. The keynote speech was delivered by Professor Zhang Weiying, a distinguished Professor of Economics at the National School of Development, Peking University. The university invited local finance, economics, and entrepreneurs and scholars to participate in a round-table discussion. The event aims to promote a greater understanding of China economics through high-quality academic lectures and discussions.
Leaders from MUST and distinguished guests attended the event, including Chair Professor Tam Kwong Hang, Vice President of MUST; Mr. Li, General Manager of Huawei Macau Branch; Mr. Zhou, Chairman of Macau Bringbuys Network Technology Co., Ltd.; Mr. Jiang, Founder and CEO of Aomi APP; Mr. Zeng, Deputy General Manager of China Zhong Ji Mechanical Industry Engineering (Macau) Co., Ltd.; Professor Sheng Ni, Dean of the School of Business at MUST; Chair Professor Zhang Hongming, Dean of the University International College at MUST; and Chair Professor Francis T. Lui of the Institute of Development Economics at MUST, among others. Nearly 200 participants attended the lecture, including local experts, scholars in finance, economics, and policy research fields, as well as teachers and students from MUST, which made the event lively and engaging.
During the lecture, Professor Zhang provided valuable insights on the topic "Entrepreneurial Spirit and Economic Growth." He discussed the key themes of his latest work, "Re-understanding Entrepreneurship," delving into concepts such as economic growth, entrepreneurial decision-making, and the core principles of entrepreneurship. Professor Zhang highlighted the distinctions and connections between arbitrage entrepreneurs and innovative entrepreneurs, a topic that was highly appreciated by the audience.
The panel discussion, moderated by Chair Professor Francis T. Lui, featured in-depth exchanges on fostering and enhancing the innovative spirit of entrepreneurs in Macau. Participants included Professor Zhang Weiying, General Manager Mr. Li, Chairman Mr. Zhou, Founder and CEO Mr. Jiang, and Professor Song Yu. The lecture concluded with an enthusiastic question-and-answer session, followed by a standing ovation from the audience.
Professor Zhang Weiying is a renowned economist in China, known for his influential theories on enterprise and his research on the reform of state-owned enterprises. His work has had a significant impact both domestically and internationally, as well as within relevant government departments and the business community in China. He is one of the earliest scholars to propose and systematically argue for the dual-track pricing reform approach.
His seminal article, "Renaming Money," published 41 years ago, profoundly altered the public's traditional views on money. Additionally, his paper, "Driving the Reform of the Entire Economic System with Price Reform at its Core," is a critical contribution to the systematic argument for the dual-track pricing reform approach.
Professor Zhang's academic works, including "Entrepreneurs of Enterprises: Contract Theory," "Game Theory and Information Economics," and "Enterprise Theory and Chinese Enterprise Reform," have made substantial contributions to the field of economics, both in China and globally.
A group photo during the lecture
Chair Professor Tam, Kwong Hang, Vice President of MUST (right) presented a souvenir to Professor Zhang Weiying (Left)
During the roundtable discussion
Q&A Session
(Provided by Chair Professor Francis T. Lui)
