The Hong Kong University of Science and Technology (often abbreviated HKUST) is a public university located in Hong Kong. Established in 1991 under Hong Kong Law Chapter 1141 (The Hong Kong University of Science and Technology Ordinance), it is one of the nine universities in Hong Kong. Professor Tony F. Chan is the current president of HKUST. The campus is located in Sai Kung District in the New Territories of Hong Kong. Overlooking Clear Water Bay, the school is home to 9,000 students and more than 450 faculty. Since its official opening in 1991, the university has become one of the top universities in Hong Kong and is among the most prestigious in Asia. It is ranked the best university in Asia according to QS Asian University Rankings 2011. Also, the THE-QS World University Rankings (known from 2010 onwards as the QS World University Rankings) in its 2009 edition ranked HKUST 35th worldwide and 26th in technology. The HKUST Business School’s MBA program is ranked 52nd worldwide by the EIUand 6th worldwide by the Financial Times. Additionally, the school's Executive MBA program is run in partnership with Kellogg School of Management and is ranked number one worldwide by FT.