Andrew Sheng

Why bailouts can do more harm than good

Andrew Sheng, who advises the mainland banking regulator, says there is no free lunch when it comes to managing deficits. Photo: May Tse

Beijing should not bail out all domestic financial institutions that get into trouble, particularly the smaller ones that might face a squeeze as the risk of credit default rises in the world's No 2 economy.

Monday, 5 August, 2013, 9:00am

Whatever their reputation, people still want to be bankers

Andrew Sheng, former chairman of the Hong Kong's Securities and Futures Commission. Photo: May Tse

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People say the reputation of the financial industry has been badly damaged in the five years since the 2008 global economic crisis. But interest in a job in the industry has not faded, especially among the younger generation.

27 May 2013 - 8:09pm

It's too easy to blame the shifty-eyed speculators

The Kay report is concerned about short-termism because, in Britain, hedge funds, high frequency traders and proprietary traders account for 72 per cent of market turnover, but roughly one third of shareholding ownership. It is their short-term behaviour that drives prices and there is concern that it creates bubbles far beyond fundamental value.

15 Aug 2012 - 11:07pm

When banks see profit in serving the real economy, society benefits, too

This week saw my first visit to Bangkok since the floods late last year. The city seems to have recovered and the economy is on the mend. After a 0.1per cent growth in gross domestic product in 2011, Thailand is forecast by the Institute of International Finance to stage a 7per cent recovery this year, helped by a multi-year fiscal stimulus.

17 Mar 2012 - 12:00am

The challenge of thinking big

A common belief about Hong Kong is that people are only concerned about making money and spending it. It's a place for doers, not thinkers. It's the trader and tycoon who get respect, not the theorist.

2 Nov 2011 - 12:00am

Proper checks and balances ensure we don't live in Regulatoria

'The [Securities and Futures Commission] already faces a lot of checks and balances such as the Process Review Panel, the appeals tribunal and judicial reviews. It is not necessary to add more scrutiny.

'It is absolutely not essential and unnecessary to set up a regulatory decision committee to check the new fining power of the commission.'

15 Sep 2005 - 12:00am

Sheng fires parting shot over curbing of watchdog's powers

Outgoing SFC chairman dismisses calls for more scrutiny before being allowed to impose fines on listing rule violators

The Securities and Futures Commission would rather surrender any new powers to fine listing violators than face scrutiny of the penalties, outgoing chairman Andrew Sheng said yesterday.

14 Sep 2005 - 12:00am

Striking a blow for the home team

From enforcing the securities rule book to writing one on Asia's financial crisis, Andrew Sheng will not be putting his feet up when he leaves the SFC.

The watchdog's longest-serving chairman - he spent seven years in the hot seat - has a busy schedule mapped out, including lecturing and some travel.

14 Sep 2005 - 12:00am

Hazy days at SFC as Sheng fades away

The view from Andrew Sheng's office has never been so hazy.

9 Sep 2005 - 12:00am

Splitting top SFC job will avert an accident waiting to happen

'I personally am afraid that if the responsibility and accountability is not clear, that if the ship has two captains, then it may be an accident waiting to happen.'

Andrew Sheng


Securities and Futures Commission

7 Jul 2005 - 12:00am

Time runs out for Legco to pass law on splitting SFC job

After months of debate, legislators fail to decide on controversial proposal before the summer recess

The government's controversial plan to split the role of the Securities and Futures Commission chairman in two has been shelved at least until October, the month after Andrew Sheng is due to retire.

6 Jul 2005 - 12:00am

Watchdog chief laments his life on a leash

Are you prepared to give up your social life for $702,000 a year? If so, then you could be a suitable candidate for the next non-executive chairman of the Securities and Futures Commission.

The social isolation the job entails was described in great detail to legislators yesterday by outgoing SFC chief Andrew Sheng.

20 May 2005 - 12:00am

Accountant to probe SFC chief allegations

PricewaterhouseCoopers (PwC) has been appointed to investigate allegations of improper staff appointments made against Securities and Futures Commission (SFC) chairman Andrew Sheng.

18 Sep 2002 - 12:00am

Case for change

Securities and Futures Commission chairman Andrew Sheng is widely respected for his intelligence and diplomatic skills. He is not, however, feared enough, and that is a problem. As market watchdog Mr Sheng wears a number of hats. He must ensure Hong Kong develops as a financial centre but, equally, his job is to protect investors against rogues and vested interests.

14 Jun 2002 - 12:00am

SFC underlines investor risk from hi-tech surges

Securities and Futures Commission chairman Andrew Sheng has warned investors in red-hot high-technology plays that they should understand the risks that could arise when unusual share surges occurred.

'We are not particularly against technology plays,' Mr Sheng said.

7 Oct 1999 - 12:00am