Does the yuan matter?

There's too much fuss about the yuan, when other economic reforms are more urgent.

The mainland's currency policy is not worth the attention it is getting. It is not at all important compared with other market distortions in the Chinese economy, and it is not even very important in how China affects the world economy.

Tuesday, 25 March, 2014, 2:13am 6 comments

English programming will suffer under terms of new TV licences

Ricky Wong Wai-kay

First, I must declare an interest. I host a weekly show for ATV. Now, let's deal with all the nonsense that's been said about whether Hong Kong needs additional free-to-air TV stations. I am aghast at how uninformed the public debate has been.

19 Nov 2012 - 10:52am 2 comments

'Abstract science' proves taxing for E&Y director

Jonathan Thompson (left), director for financial services - transfer pricing at Ernst & Young (E&Y), started off as a graduate trainee in the firm's London branch. After becoming a chartered accountant, he was moved to the E&Y UK financial services transfer pricing (FSTP) team.

6 Jul 2012 - 12:00am

Leung needs to do more explaining

Chief executive-elect Leung Chun-ying campaigned on the motto 'seeking change while preserving stability'. Nonetheless, business sectors were concerned that his reforms would upset stability. They might have been more worried had Leung been more explicit about the views he expressed in a recent Xinhua interview.

25 Apr 2012 - 12:00am

Diluting the competition bill does Hong Kong no favours

Last week, the Hong Kong government bowed to the city's business lobbies and made yet another couple of tweaks to its long-stalled competition bill.

Officials hope the latest changes will dilute resistance to the proposed law, allowing them to push it through the Legislative Council before July.

11 Apr 2012 - 12:00am

Competition bill in danger of losing

If evidence is needed to demonstrate the government's lack of political will to act for the benefit of the wider community, the fair competition bill now languishing in the Legislative Council is an example. First floated 16 years ago, the blueprint seeking to outlaw anti-competitive market behaviour faces growing resistance from the business lobby.

20 Feb 2012 - 12:00am

Two-tier plan for competition law

Hong Kong will set up a two-tier regime to oversee most of its 580 statutory bodies under the forthcoming competition law, with about 10 of them to be regulated like commercial companies by a new commission, said a source familiar with the plan.

11 Feb 2012 - 12:00am

Down with monopoly

As demonstrated in the case of the Canadian Wheat Board, a market without monopoly does not necessarily bring benefit to the business environment. But in Hong Kong, tighter control over monopoly might be what we need in order to maintain a free market, according to a former lawmaker.

8 Dec 2011 - 12:00am

Fizzy drink's price sparks debate

The news

The snack food chain store 759 Oshin House (759), with 40 branches throughout Hong Kong, has been in the news over its battle to sell discounted Coca-Cola to customers.

The story highlights concerns about whether Hong kong has a free and fair trade environment.

6 Dec 2011 - 12:00am

Why diesel prices stay high

When it comes to oil prices, what goes up doesn't necessarily come down - or at least not by as much.

Local retail price for diesel jumps when international oil prices rise, but don't fall as much when global prices fall, the Consumer Council found.

16 Nov 2011 - 12:00am

Competition bill is weakening, watchdog says

The Consumer Council said yesterday it was disappointed that the government had watered down the competition bill, warning that it should not be weakened further.

25 Oct 2011 - 12:00am

Competition law must put consumers first

While the effects of Hong Kong's proposed competition law on small and medium-sized enterprises (SMEs) appear to weigh heavily on legislators' minds, it's essential that the interests of consumers will also be prominent in the debate.

21 Oct 2011 - 12:00am

Changes to competition bill may hit individuals

Individuals might not be able to launch their own lawsuits against companies under proposed revisions to the competition bill, the deputy commerce chief said yesterday.

7 Oct 2011 - 12:00am

Right price

With the administration showing increasing determination to stabilise property prices, the role of government-related, or controlled, organisations, such as the MTRC and the Urban Renewal Authority (URA), has come under the spotlight.

8 Jul 2011 - 12:00am

A freer market for HK

For Father's Day, you went to buy boxes of a certain brand of chocolate for your father and uncles. You tried to hunt down the best bargain, but everywhere you went - whether supermarket, convenience store or drugstore - you found the same price: HK$248 for four boxes.

27 May 2011 - 12:00am