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LU Business Student Team Representing Hong Kong Wins CGMA Global Business Challenge 2022 (North Asia)

In late May 2022, a team of four Lingnan University (LU) Business students defeated seven of the best student teams in Hong Kong, including teams from The Hong Kong University of Science and Technology and The University of Hong Kong, to become the Champion of the CGMA Global Business Challenge for the Hong Kong region. As the champion, the LU team automatically represented Hong Kong in the subsequent North Asia final.

Hong Kong Region Finalists

Ranking

Team

Champion

Team 404 – Lingnan University

2nd Place

Team USTeam – The Hong Kong University of Science and Technology

3rd Place

Team Achievers – The Hong Kong University of Science and Technology

4th Place

Team Four Guys – The Hong Kong Polytechnic University

5th Place

Team GBC Masters – The City University of Hong Kong

6th Place

Team Studying Beauties – The Hong Kong Polytechnic University

7th Place

Team The Elites – The City University of Hong Kong

8th Place

Team Quartette – The University of Hong Kong

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(Team 404 outperformed the other HK teams to become the representative team for Hong Kong in the North Asia final)

Team 404, as the LU team is called, consists of LU business undergraduate students Lau Lok-tin (Year 3 BBA-Finance), Lee Cheuk-wun (Year 4 BBA-Human Resource Management), Chong Yuen-yau (Year 3 BBA-Human Resource Management) and Aaron Cheuk Hiu-fung (Year 3 BBA-Marketing).


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(from left to right: Lau Lok-tin, Lee Cheuk-wun, Chong Yuen-yau, and Aaron Cheuk Hiu-fung)


On 10 July 2022, following their win at the Hong Kong final, Team 404 became the Final Champion of the CGMA Global Business Challenge 2022 for the North Asia region. In this highly anticipated round, competing teams were given 24 hours to analyze a given management accounting case and present their case to a panel of elite judges, many of whom are financial leaders in a wide range of industries. Team 404 outperformed nine other teams representing Mainland China, Macau, Japan, and Mongolia to secure the championship. One of Team 404’s members, Aaron Cheuk Hiu-fung, was also selected out of the forty finalists to receive the Best Future Business Leader Award for his exceptional performance.


North Asia Finalists

Ranking

University

Country/Location

Champion

Lingnan University

Hong Kong

1st Runner-Up

Zhejiang University of Finance and Economics

China

2nd Runner-Up

Kyoto University

Japan

The Chinese University of Hong Kong (Shenzhen)

China

Finalists

Chongqing Technology and Business University (Navigator Team)

China

Chongqing Technology and Business University (Polaris Team)

China

University of Macau

Macau

Dongbei University of Finance and Economics

China

Mongolia University of Finance and Economics

Mongolia

Guangdong University of Foreign Studies

China


Although the competition was strenuous and stressful, the members of Team 404 ultimately expressed their gratitude for their victory. “Though it was a challenging journey filled with obstacles, we overcame the challenges together as a team, ensuring that we help each other out to produce the highest quality of work,” the team members commented. “We are very grateful that our hard work and perseverance, together with the support and words of encouragement from our mentor and Lingnan University, had led us to achieve our goal.”

In total, the CGMA Global Business Challenge 2022 (North Asia), an international business competition designed to test the problem-solving capabilities of undergraduate students, garnered the attention of over 200,000 online and domestic viewers. Over 500 teams entered this global competition organized by the Chartered Institute of Management Accountants (CIMA), the world’s largest professional body of management accountants.