The document discusses three assessment possibilities at the University of Hong Kong: two-stage exams, short assessed responses, and cumulative peer review and rebuttal. It provides details on each approach, including examples of implementations and research. Two-stage exams involve an individual and group exam stage. Short responses are weekly answers to questions to pave the way for next topics. Peer review involves students reviewing each other's work with rebuttals to address feedback. The document emphasizes developing learning-oriented assessment that promotes student engagement and self-evaluation capacities.