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  • September 17, 2014
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  1. Rescue by devaluation

    Posted Jul 22nd 2003, 12:00am by Staff Reporter

    ... of government. The morass Hong Kong has fallen into began with the Asian economic crisis of 1998. The decision to defend the currency by then-financial secretary Donald Tsang Yam-kuen and Joseph Yam ... their currencies to fall became competitive and are booming again. The government must devalue the currency. The case is more compelling than ever. This would provide Hong Kong with a dramatic boost ...

  2. Credibility crisis engulfs Leung

    Posted Jul 13th 2012, 12:00am

    ... Tanna Chong, Colleen Lee and Tony Cheung After less than two weeks in office, Leung Chun-ying has lost a minister and seen his administration engulfed in several governance crises. Political parties and academics said yesterday's resignation of secre ...

  3. 'One country, two currencies' boosts economic integration

    Posted Nov 19th 2003, 12:00am by Chris Yeung

    ... Chris Yeung The central government's decision to allow Hong Kong banks to accept business in renminbi will further enhance the visibility of the currency in daily life here. For many ... of two currencies in Hong Kong. The circulation of two currencies in the city reflects subtle changes in cross-border contacts under the policy of 'one country, two systems' since Hong ...

  4. Zero quota may ease staffing crisis

    Posted Apr 22nd 2012, 12:00am

    ... Emily Tsang emily.tsang@scmp.com The proposal by chief executive-elect Leung Chun-ying to ban mainland women from giving birth in private hospitals would help ease a staffing crisis at public hospitals, says a senior doctor. Last Monday, Leung dropped a bombshell when he told private hospitals to expect a quota of 'zero' for cross-border births next year, addressing ...

  5. Crisis the result of Beijing's failure to vet the candidates

    Posted Feb 27th 2012, 12:00am

    ... disapproval, tens of thousands of people could to take to the streets and the city would face 'a governance crisis'. As Beijing learns the hard lessons about how to handle a truly democratic ...

  6. Yam's paper on the peg goes beyond the money

    Posted Jun 14th 2012, 12:00am

    ... financial meltdown and monetary crisis.' He did not elaborate on the connection between these concerns and the need to review the peg . Yam was the city's central banker for 16 years ... dollar, that mainlanders would start to belittle Hong Kong's currency and lose their respect for Hongkongers. 'This psychology, reinforced by the rise of the mainland consumerism ...

  7. Parties ignored housing crisis, watchdog says

    Posted Nov 02nd 2011, 12:00am

    ... Peter So peter.so@scmp.com A watchdog has criticised Hong Kong political parties for lacking a consistent policy on housing over the past decade. Catholic Monitors released a report yesterday singling out the Democratic Alliance for the Betterment and Pro ...

  8. Judicial crisis must not happen again

    Posted Sep 10th 2011, 12:00am

    ... resigning over the right of abode controversy in 1999. If true, this means our city was on the brink of a much deeper crisis than had been appreciated. This was a sensitive time. The newly ... Kong overcame the crisis and moved on. But that would have been much more difficult to achieve if the top five judges had all resigned. The impact would have been devastating. ...

  9. Hong Kong heading for crisis of credibility over IPO frauds

    Posted May 11th 2011, 12:00am

    ... Goodstadt praises the hands-on prudential approach of Hong Kong's regulators. He credits it with preserving the stability of the city's banking system during the 2008 financial crisis ...

  10. New SFC chief thinks positive

    Posted Oct 01st 2011, 12:00am

    ... for the trading of yuan, which is yet to be a fully convertible currency. The Hong Kong securities regulator has also resisted plans to allow mainland accounting firms to audit the books of Chinese ... contagion. The SFC would monitor and react to the 'second phase' of the financial crisis although Alder counted that as just one of the 'sheer volume of issues' that he had ...




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