Professor Wong is currently Professor of Economics, and was formerly Deputy Vice-Chancellor and Provost of The University of Hong Kong.  He is founding Director of the Hong Kong Centre for Economic Research and the Hong Kong Institute of Economics and Business Strategy.

His current research focuses are public housing in Hong Kong, the political economy of laissez faire in Hong Kong, and regional economic development in China.

He had served on a number of public bodies including, the Exchange Fund Advisory Committee, Commission on Strategic Development - Committee on Economic Development and Economic Cooperation with the Mainland, etc.

He was awarded the Silver Bauhinia Star in 1999 by the Government of the Hong Kong Special Administrative Region in recognition of his contributions to education, housing, and industry and technology development. He was appointed a Justice of the Peace in 2000.