The University of Hong Kong is creating a program in business and financial journalism. It is being run by a former Reuters reporter who has a PhD from the University of Washington. This sounds promising for the development of business journalism in Asia. My experience in training business journalists from Korea the past two years has been that they are not as advanced in their reporting techniques or in their understanding of company financial statemeents as journalists here in the United States.
Anyway, if you want to read more about what the University of Hong Kong is doing, go here.