The Asia Global Institute (AGI) generates and disseminates innovative thinking, and business-relevant research on global issues from Asian perspectives. It aims to inform global policy and actions towards a prosperous and sustainable future for all.

Key Milestones

August 2011 – Fung Global Institute (FGI) is inaugurated with Victor K Fung as Chairman of the Executive Board, Michael Spence as Chairman of the Academic Council and Andrew Sheng as President, with financial support from the Victor and William Fung Foundation

March 2012 – FGI names Liu Mingkang as its first Distinguished Fellow

May 2012 – FGI launches its inaugural flagship event, the Asia-Global Dialogue

April 2014 – William Overholt assumes office as FGI’s second president; Andrew Sheng is named Distinguished Fellow

May 2014 – FGI assumes responsibility for organizing the Asia Vision 21 Conference in collaboration with the Harvard University Asia Center

November 2014 FGI becomes a founding member of the World Economic Forum’s Think Tank Leaders Forum

February 2015 – FGI and The University of Hong Kong announced the joint establishment of a new think tank within the University to be called the Asia Global Institute; FGI provides a HK$100 million endowment

July 2015 – The Asia Global Institute at The University of Hong Kong is inaugurated; it assumes the mission and operations of FGI with Victor K Fung as Advisory Board Chairman and Michael Spence as Academic Council Chairman

June 2016 – The University of Hong Kong announces the appointment of Professor Chen Zhiwu as Director of the Asia Global Institute (AGI), with effect from July 1, 2016.

November 2016 – AGI Launches Global Thinkers Series with After the Vote: Radical Change or Business as Usual?

December 2016 – Victor K Fung and Michael Spence are named Co-Chair of the Asia Global Institute’s Advisory Board

January 2017 – AGI launches AsiaGlobal Fellows Program, a global initiative designed to nurture future leaders in public policy.

August 2017 – AGI welcomes Inaugural Cohort, AsiaGlobal Fellows Program, which runs from August 27 to November 24, 2017.

February 2018 – AGI launches AsiaGlobal Online, a digital journal addressing a worldwide audience of policy advisors, policymakers, scholars, and professionals.

Find out more about FGI and AGI’s story. The Work of Generations is available here


The core of the Institute’s activities is business-relevant research into the profound transformations taking place in the world, particularly in Asia, that will be contextualised for strategy and action by businesses. Such research is geared towards facilitating action for business as well as innovative policy and strategy recommendations for policymakers in order to have a tangible “real world” impact. 


Notable Research

AGI’s library is derived from the Fung Global Institute, some of whose more notable products appear below:


Renminbi Rising: A new Global Monetary System Emerges by William H Overholt, Guonan Ma and Law Cheung Kwok (2015)

China’s Emerging Growth Model: The Foshan Story by Geng Xiao, Zhang Yangsheng, Law Cheung Kwok and Dominic Meagher (2015)

Bringing Shadow Banking into the Light: Opportunity for Financial Reform in China, Edited by Andrew Sheng and Ng Chow Soon (2015)

Global Value Chains in a Changing World, curated by Deborah K Elms and Patrick Low (2013)

Asia Finance 2020: Framing a New Asian Financial Architecture by Andrew Sheng and Ng Chow Soon (2013)

The Future of the World Trading System: Asian Perspectives by Patrick Low and Julia Tijaja (2013)


Working Paper: Can the Chinese Bond Market Facilitate a Globalizing Renminbi? (2015)

Working Paper: Unleashing the Full Potential of SMEs: Beyond Financing (2014)

Working Paper: Risk and Uncertainty in Financial Models – Implications in Asia (2014)

Working Paper: Technology: The Impact on Asian Finance (2014)

Issue Brief: Private Equity in China: Injecting Equity into Entrepreneurial Growth (2013)

  • China

    Studying growth in Developing Asia today needs more than the mathematical result of inputs and outputs. It is a complex task involving the examination of how strategies and systems interact to allow economies to pursue sustainable growth in times of great change. At the heart of this study is China.

  • Finance & Macroeconomics

    As Asia’s growth continues, we look at key developments in the areas of finance including currency internationalization and shadow banking, as well as economics. We then ask how these are likely to impact Asia, the global financial architecture and the global economy.

  • Sustainability

    Countries used to believe that in the early stages of development they could grow first and deal with environmental problems later. Those days are over. Prosperity is achievable in Asia, but it must come with a responsible approach to the environment and an awareness of ecological needs and constraints.

  • Trade & Investment

    Services play a crucial and often dominant role in global value chains, contributing to job creation and economic development. As patterns of production, trade, investment and consumption evolve, we ask how the next generation of GVCs will shift, jobs, income, profits and wealth.

Strategic Partners

The Institute has partnered with pre-eminent international institutions aligned to its mission with a view to expanding its global community, enhancing dialogue, leveraging networks and creating synergies. Our partners currently include:

  • Harvard University Asia Center, USA
  • Peking University HSBC Business School, PRC
  • MIT Sloan School of Management, USA
  • Indian Council for Research on International Economic Relations (ICRIER), India
  • ESMT European School of Management and Technology GmBH, Berlin, Germany
  • Fundación Metrópoli, Madrid, Spain
  • Global Institute of Sustainability, Arizona State University, USA