Throughout the decade, HKUST has continued its innovative effort in developing programs that address the need for social and economic growth. The University aims to ensure that its undergraduates and postgraduates are equipped with the leading-edge knowledge necessary to compete in the local and international arenas.

International Recognition
HKUST's School of Business and Management built on its string of successes, receiving a series of international honors over the year. These achievements not only recognize the excellent quality of the School, but also bring the University's name to further prominence in the international academic community.

On 5 July 2000, the School received full accreditation from the European Foundation for Management Development (EFMD) after a stringent review. The School is the first in the Asia-Pacific region to achieve full accreditation by EFMD. This followed accreditation in April 1999 by the Association to Advance Collegiate Schools of Business. HKUST is so far the only institution in Asia, and only one of a handful globally, to have gained dual accreditation from these two major business education accreditation agencies.

The School was ranked 48th in the Financial Times 2001 MBA rankings of the world's top 100 business schools in January 2001. There are around 1,500 business schools in the world offering MBA programs. HKUST is the only institution from Asia to make the top 50. The survey ranked the School first on the list in terms of international experience, and second for its international faculty. International experience is rated by the percentage of students participating in international exchange programs as well as overseas research.

The intensive summer program in English offered by HKUST's Language Center received accreditation from the renowned Institute of Linguists in the UK. The program is designed to help secondary school students enhance their skills in written and spoken English in preparation for the English Language examinations in the Hong Kong Certificate of Education Examination. It is the first English program for secondary school students in Hong Kong to receive accreditation from this international language assessment body.