Student Report Name of the University: University of Hong Kong Exchange semester: Fall 2013 I. PRACTICAL INFORMATION Before leaving Norway Most of the practical information was given to me through the International Office at BI or from HKU by email. There is a lot of valuable information given so make sure to read it before you leave. If you have any questions to the University they usually respond fast by email. I recommend to make yourself a bit familiar with Hong Kong Island by Google maps etc, and your student hall location before you leave. This may help you guide taxi drivers etc if they are uncertain of your desired destination. Applying for a visa There are two ways to apply for visa. Both of them are well described at the packages BI International Office sends out between March and May. As I recall, one way to apply for visa is cheaper. That is because you have to do more paperwork yourself. I chose the more expensive one and my visa was delivered by a courier a couple of weeks before my departure. I think I payed a couple of hundred NOK. Remember to check your emails frequently, also during your vacation. Travel The flight to Hong Kong takes about 15-20 hours, depending on the route. I travelled by Qatar Airways, which took about 16 hours. Generally, the Middle Eastern airlines are cheap on the airfare between Oslo and Hong Kong, so it is worth checking out. I payed around 8000 NOK both ways for my flight. On arrival in Hong Kong, you can choose to take a taxi to your destination or the train to the Central Station, and take transport from there. The taxi ride cost about 350HKD from the airport to Hong Kong Island and takes about 50-60 minutes. The train cost about 120 HKD and takes around 25 minutes to Central station. Most of the taxi drivers speaks English, but the quality may vary. I recommend to bring the complete address and a printed map of your destination to make sure you arrive at the correct place if you decide to take a cab. Also, I recommend you to travel atleast 1 week before the semester begins. It is a lot of practical terms to be sorted at the school, and it is better to have everything sorted out before the lectures starts. It is a big city and a big school, so it takes time to get yourself oriented. Housing I was provided housing by the university two days before my departure. Before I could move in, I had to stay at a hostel for 1 week. The hostel I lived in charged me about 200 NOK each day. After my stay at the hostel I moved in at Residental Colleges, which is located around 20 minutes walk from the University. It was completed in 2011 and houses 2000 students, whereas 1/3 is internationals. I recommend applying for housing provided by the University because renting in the private market can be both difficult, expensive and sometimes dangerous. If you haven’t received any housing by the University, it usually sorts itself out in a couple of days, HKU has a lot of experiences handling exchange students . Costs Housing and rental prices are very expensive in Hong Kong. I recommend you to live in a student hall. I payed 9000 HKD for my stay at Residental Colleges, which lasted from 28th of August to 21st of December. At the library store at campus, books are about 20-30 % cheaper than here in Norway. At and around campus there is a lot of cheap meals. Most of them varies from 25-50 HKD. Generally it is more common to dine out at restaurants than to prepare dinner at home. Many restaurants around Kennedy Town (where most of the student houses are) charge 40-70 HKD for a hot meal. Transport is very cheap in Hong Kong, included the cabs. Buses cost around 4-10 HKD, the tram cost 2HKD and the MTR cost around 10-30 HKD (depending how far you travel). If you are taking public transport by the MTR (metro), buses or tram, make sure to buy a Octopussy card. It is very rare to pay by coins using these kind of transports. The card can be obtained by any MTR stations and can be recharged at any 7/11 store etc. On the other hand, most of the cabs only accept cash payment.A cab ride from the University to Central station will cost about 50 HKD. Culture and language All students are fluent in English, though some of them have accents. This is also true for the teachers. At first it was difficult for me to understand some of the teachers, but after a couple of weeks it was fine. Generally for me, there was no language barrier between students or the teachers. However you might encounter some language difficulties on local restaurants, bus drivers, old Hong Kong citizens etc. There is a lot of ways to experience the country and the culture. There is a lot to see in Hong Kong and as mentioned, transportation is cheap. Hong Kong is surrounded by mountains, parks, resorts and beaches, which I strongly recommend you to visit. Also, it is relatively easy to visit other countries aswell from Hong Kong. For foreign travel, I recommend you do that either before the semester start or during the reading week, which is around middle of October. II. ABOUT THE SCHOOL Hong Kong University is a public university located on North West Hong Kong Island. Founded in 1911 during the British Colonial era, it is the oldest tertiary institution in Hong Kong. Today HKU has 10 faculties with around 25 000 students in total, where international students compromising around 24% of the student population. It is ranked as the number 1 university in Asia and 26th in the world according to the QS 2013 world ranking. Course registration Each course at HKU has 6 credits, so to get a full semester you have to choose 5 courses. The courses are chosen from the faculty websites. You registrer the courses electronically from the HKU web portal. Remember also that BI has to approve your courses. It is wise to chose more than 5 courses for approval from BI. This is because if you want to change your courses in the add/drop period in Hong Kong, you can do so without consulting the International Office first, since the course you want to change to is already approved. The University is realy strict when you can change your courses. You can only do it in the add/drop period which last two days (1st and 2nd of September). After that, you can’t registerer or drop courses. Academic calendar Arrival date: First day of the semester: Last day of classes: Examination period: Any special events/holidays: Other: 21st of August 1st of September 29th of November 2nd of December Reading week Introduction Week / Weeks of Welcome: At the beginning of every semester, the Centre of Development and Resources for Students and the Office of International Student Exchange Office organize an array of orientation and adjustment programmes, which aim to soothe the transition of the newly arrived non-local students. These include cultural adjustment session, Library Tour, City Tour and outings.. Amongst the program there is a welcome party and other activities to help you intergrate into HKU campus life. I recommend you to attend atleast some of the activities to get to know new students. Social activities As at BI, most of the time, exchange students and local students keep to themselves. Therefore most of your social life will probably be around other exchange students. There is a party culture for the exchange students, wheras the locals rarely drink alcohol. The best chance to get to know the locals is to be assigned to group projects together. However if you start talking to the locals, many of them shows interest making a conversation, and are interested to hear about Europe and Norway. There is a lot of student activities on HKU campus. Many of them contains just Hong Kong students and banners, information and language are only in Cantonese. Therefore it is most common to find activities together with other exchange students, such as playing football at your halls. III. ACADEMICS In the classroom / Course materials The teachings in the classrooms are very similar to BI, but generally there are fewer students in each classroom. The teaching style for the lecturer is very similar as in Norway. Sometimes it is not uncommon that the local students whisper to eachother throughout the whole lecture, making the classroom a bit noisy. One thing that is different from BI is the tutorials. Those are group sessions containing around 15-30 students which is compulsorary. Here you solve problem sets together which most of the time is given out in advance. However it is not required to complete the problem set before each tutorial, but it is highly recommended, due to the speed the teaching assistant. Therefore the workload throughout the semester seems more than at BI. However, during the exam period you are more prepared, if you have completed all your tutorials. One other thing that also differs from BI is that in most of the couses at HKU is that you have compolsurary work assignments. Usually you have 3-4 of them in each class, and generally it makes around 10-15% of your grade. Of my 4 Finance courses, the levels are somewhat higher than at BI. Throughout the work assignments, tutorials and the mid-term the level is somewhat the same as at BI. However, the final exam is generally much harder. But if you find the Finance courses at BI manageable, and you want a Finance degree, I would not hesitate to pick the finance courses, but excpect to work more than you would do at BI. Some courses, the final exam is largely based on the lectures wheras most of the exams are based on lecture notes, tutorials and work assignments. Library and technology The Library facilities is similar to the ones at BI. You log into a computer using your student id and password. Though the computers have Office programs and such, they lack some programs we have at BI, for instance statistical programs. At the start of the semester it is easy to find a free spot, but during reading week and the exam period (for many locals they start mid October) it is very hard to find an available computer if you don’t arrive early in the morning. Description of courses Course code & name FINA 0301 Derivatives ECON 0302 International Finance ECON 0207 Monetary Economics FINA 2802 Investments and Portfolio Analysis BUSI 0023 Operations and Quality Management Master/ Bachelor Bachelor Exam form Prerequisites Approved as Elective Some Finance courses ‘’ 2-hour written/multipal choice exam ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ ‘’ Comments The Derivatives course is very similar to the course offered at BI. The level at both schools are about the same. International Finance and Monetary Economics are very strong macro economic oriented courses, As for an exchange student on the beginning of the 3rd year from BI, we only have one macro economic course. These two courses accually demands a prerequisite in intermediate macro economics, so these courses are hard to follow if you don’t dedicate a lot of time to them. Investments and Portfolio Analysis is a 2nd year course at HKU and it is relativiley trivial throughout the classes, work assignments and tutorials. However the final exam is relatively hard. Operations Management is a course I didn’t like that much, probably because of my more interestment in fnance. This course is about the supply chain of a company. This course can substitute the course “Strategy” which is a 3rd year mandatory class for Finance students at BI. Every course had work assignments, mid terms and final exams, except Operations and Management. Here you have a group presentation for the class at the end of the semester. Also, in the Investment and Portfolio Analysis class you also have a group presentation, though this is much shorter. On a final note, how will you sum up the exchange experience? The exchange semester in Hong Kong has been terrific! You get a chance to challenge yourself outside your comfort zone. It can be compared with being in a party where you don’t know anyone, and you have to make an effort in adapting yourself. If you have a strong interest in Finance, Hong Kong is a great place to spend a semester. For the locals, this university is very hard to get in to, so you are exposed to many intelligent students throughout the semester.