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.


Refereed Cases

1. Seen-Meng Chew, Hugh Thomas and Jason Yeh (forthcoming) “Bowtie Hong Kong: An entrepreneurial venture to digitize insurance” Harvard Business Publishing W32456.

2. Howard Lam and Hugh Thomas  (forthcoming)  “SenseTime:  Strategic Reaction to American Attack” Harvard Business Publishing (forthcoming) W33293

3. Hugh Thomas and Shilu Tong (forthcoming) “LeapFive: RISC in the Chip Supply Chain” Harvard Business Publishing W33712

4. Howard Lam Hugh Thomas, Elsie Tsui and Shi Yu Lu (2022) “Health View Bioanalytic Limited: Generating Impact from Research” Harvard Business Publishing  W28493

5. Hang Yee Rosette Leung, Hugh Thomas, Hanni Jie, and Howard Lam (2022) “Green Monday: Flexitarianism, Innovation, and Endorsement” Harvard Business Publishing W27823

6. Howard Lam, Hugh Thomas, Hang Yee Rosette Leung, Hanni Jie (2022) “OmniFoods: Plant-Based Pork from Hong Kong to the Rest of China” Harvard Business Publishing W27829

7. Cheung Waiman, Fung Hung, Hugh Thomas and Keith Wong, (2021) “CUHK Medical Centre: Setting up the Logistics Services System, Harvard Business Publishing -- W25013-HCB-ENG.

8. Kevin Au and Hugh Thomas (2021) “Redhill capital: Strategy in a Pandemic (Harvard Business Publishing W25005.

9. Howard Lam, Hugh Thomas, Keith Wong (2020) “Sensetime Group Limited: Business Model and Expansion” Harvard Business Publishing W20504.

10. Liu M.K., Thomas, H. and Du G. (2020) “China Merchants Bank: Light Banking, Payments and Blockchain” Harvard Business Publishing W20606

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

12. Vernon Hsu, Hugh Thomas, Joyce Wang and Yuhui Wu (2019) “Global Strategy for American Risk at Fuyao Glass” Harvard Business Publishing W19486-PDF-ENG

13. 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.” Harvard Business Publishing W19416-PDF-ENG

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

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


Refereed Articles

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

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

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

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

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

6. Hugh Thomas (1999)  "A Preliminary Look at Gains from Asset Securitization" Journal of International Financial Markets Institutions and Money 9 pp 321-333.

7. Dean Mountain and Hugh Thomas (1999), "Factor Price Misspecification in Bank Cost Function Estimation" Journal of International Financial Markets Institutions and Money 9:2 (1999) pp 163-182.

8. M.W. Luke Chan, Anya Khanthavit and Hugh Thomas (1997).  "Seasonality and Cultural Influences on Four Asian Stock Markets" Asia Pacific Journal of Management, 13:2 pp 1-24.



1. Hugh Thomas (2022)  Innovation in China: a strategic management casebook World Scientific, Singapore (ISBN: 978-981-124-588-6).

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

3. Hugh Thomas [ed] (2010) Global Entrepreneurship: Proceedings from the Roundtable on Entrepreneurship Education Asia 2009 Chinese University of Hong Kong.

4. Hugh Thomas with researchers from Chinese University of Hong Kong and the Shenzhen Academy of Social Sciences (2010) Global Entrepreneurship Monitor Hong Kong and Shenzhen  2009 July, (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)

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

6. Anthony Saunders and Hugh Thomas. (2001) Financial Institutions Management Second Canadian Edition, McGraw Hill Ryerson, Toronto,  (746 pages) IBSN 0-07-087156-6.