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CityU's advanced know-how and technologies are making an impact on the socio-economic development on Hong Kong and the region. Two CityU subsidiary companies, CityU Enterprises Ltd and CityU Professional Services Ltd reported robust growth in 2004 at their joint annual dinner, on 2 February.
Two CityU enterprises have been recognized for excellence in industrial performance. e.Energy Technology Ltd and Plasma Technology Ltd were awarded at the presentation ceremony of the 2004 Hong Kong Awards for Industry, 15 November.
City University of Hong Kong researchers who compile the Hong Kong Consumer Satisfaction Index (HKCSI) reported the overall satisfaction level of local consumers dropped to a record low last year. They also identified a correlation between unemployment and the satisfaction index-the higher the unemployment, the lower the index. The HKCSI 2002 was released on 11 February.
CityU's plan to seek an initial public offering of TeleEye Holdings Ltd on Hong Kong's Growth Enterprise Market attracted around 50 people to a press conference on 23 April.
If a group of management sciences professors at City University have their way, the Centa-City Index, a winner of CityU's prestigious Applied Research Excellence Awards in 2001, may become as widely accepted and creditable as the Hang Seng Index in measuring the territory's economic health.
Hong Kong has never been short of indices, particularly in the economic and business arena. We have, for example, the Hang Seng Index to gauge the volatility of its stock market. CityU's Department of Management Sciences, in co-operation with Centaline Property Agency Ltd, produces the Centaline Index to record the ups and downs of the local residential property market.