Hugh Thomas was born and raised in western Canada, living in Edmonton and Winnipeg. He received his bachelor of arts, honors, in history from the University of Alberta, postgraduate diplomas in Chinese language from the Beijing Language and Culture University and history from Nanjing University, an MBA from the Chinese University of Hong Kong and a PhD in International Business and Finance from the Stern School of Business, New York University. He participated in founding China’s first business school, the National Center for Industrial Science and Technology Management at Dalian in 1980 and subsequently worked in banking and consulting in Hong Kong for seven years. He was tenured at CUHK from 2003 to 2013 and has been at CUHK-Shenzhen since 2015. Prior to joining CUHK, he was an associate professor in the Finance Department of McMaster University in Canada. He is married to Joanna HSIUNG Kai Chau and has two sons, Owen and Jason. He enjoys cross-country skiing, windsurfing, walking and singing.

Academic Publications


1. Lam, Howard, Thomas, Hugh and Wong, Keith, SenseTime Group Limited: Business Model and Expansion, Harvard Business Publishing Education, Forthcoming

2. Liu, Mingkang, Thomas, Hugh and Du, Gang Hugh Thomas, China Merchants Bank: Light Banking, Payments and Blockchain, Harvard Business Publishing Education, Forthcoming

3. Hugh Thomas and Donna Kelly [ed] Entrepreneurship Education in Asia Edward Elgar, London 2011 (238 pages) ISBN 978-1-84980-947-4

4. Hugh Thomas [ed] Global Entrepreneurship: Proceedings from the Roundtable on Entrepreneurship Education Asia 2009 Chinese University of Hong Kong Center for Entrepreneurship, 2010.

5. Hugh Thomas with researchers from Chinese University of Hong Kong and the Shenzhen Academy of Social Sciences Global Entrepreneurship Monitor Hong Kong and Shenzhen 2009 July, 2010 (and in Chinese 全球创业观察2002香港及深圳研究报告) ISBN 978-988-99198-9-4 (and in Chinese ISBN 978-988-99198-8-7)

6. Hugh Thomas, with He Jia 2007 Asian Banks Competitiveness Rankings Report 21st Century Business Herald, Beijing, 2007



1. Hugh Thomas and Zhiqiang Wang “Interpreting the internal ratings-based capital requirements in Basel II” Journal of Banking Regulation (2005), pp 274–289.

2. Hugh Thomas and Zhiqiang Wang "The Integration of Bank Syndicated Loan and Junk Bond Markets" Journal of Banking and Finance 28 ( 2004) pp 299-329.

3. Hugh Thomas "Effects of Asset Securitization on Seller Claimants" Journal of Financial Intermediation, 10; pp 306-330 (2001)

4. Hugh Thomas "On Genuine Deregulation" Cato Journal 21; 2 (Fall 2001) pp 1-11.

5. Hugh Thomas "A Proposal to Deregulate Banking" Cato Journal. vol. 20, no. 2 (Fall 2000) pp 237-253.



1. Liu Mingkang and Hugh Thomas (2019) “ofo: Innovation and the Little Yellow Bike Harvard Business Publishing  W19295-PDF-ENG

2. Vernon Hsu, Hugh Thomas, Joyce Wang and Yuhui Wu (2019) “Fuyao Glass: Global Strategy for U.S. Country Risk” Richard Ivey Publishing 9B19M111

3. Andrew Chi Fai Chan, Howard Pong Yuen Lam, Hugh Thomas and Icy Fong Ling Ngai (2019) “Incubation and the Hong  Kong Science and Technology Parks Corporation.” Richard Ivey Publishing 9B19A038

4. Andrew C. F. Chan, Howard P. Y. Lam, Hugh Thomas, Andy K. C. Wong and Canice M. C. Kwan  (2018) “A more Pacific Hong Kong: Marketing Korean Beauty Products.” Harvard Business Publishing W18281-PDF-ENG.

5. Hugh Thomas, Joyce Wang and Yuhui Wu (2016) “Dividend Policy at Fuyao Glass” Harvard Business Publishing W16725-PDF-ENG.

6.  Hugh Thomas, Shigefumi Makino and Ka Wai Boby Shiu “Asia Pulp & Paper: Implementing the Forest Conservation Policy” (2016) Harvard Business Publishing W16462

7. Andrew Chan, Howard Lam, Hugh Thomas and Elsie Tsui “Hung Fook Tong: From Hong Kong to China” (2016) Harvard Business Publishing W14746

8. Hugh Thomas and Robert P. Lee “Cisco and Cloud-based Education in China” (2015) Harvard Business Publishing W14747

9. Mingkang Liu, Hugh Thomas and Gang Du “China Merchants Bank: Business Model Transformation”(2014) Harvard Business Publishing W14297