Financial Market

Hong Kong Reits need greater flexibility

The Stanley Plaza shopping centre. The Link is dedicated to improving the environment for retail business and shoppers. Photo: The Link

The development of the international financial industry has been robust and rapid, and to maintain its position as an international financial centre, Hong Kong must align itself with market changes and strengthen its advantages in view of the rapid growth of wealth in Asia as well as market reform on the mainland.

Wednesday, 5 June, 2013, 4:40am

Asia at risk if insolvencies hit euro zone

Post-Cyprus fallout is adding to Europe's existing challenges. Photo: Reuters

According to IMF data, central banks in emerging economies cut their euro holdings by 8 per cent, or €45 billion (HK$450 billion) in 2012. The world economy is moving towards a multipolar currency regime.

8 Apr 2013 - 2:04am

For new mainland elite, Hong Kong's financial future is personal

Seats at the table

In 2009, a group of mainland financial professionals in Hong Kong put their names to an opinion piece calling for a new government entity to beef up and promote our financial market. Nobody listened.

They pushed on. They talked to officials and Leung Chun-ying, who was then tipped to make a run for the top job. They started a column in a financial daily to make their views known.

19 Jan 2013 - 5:12am 4 comments

A new financial council won't take us anywhere

Chief Executive Leung Chun-Ying says he will establish the Financial Services Development Council immediately. Photo: Xinhua

I want to sit on the Financial Services Development Council. Yum-yum-yum. Rarely in the history of mankind will any group of people be able to dine so well and so often as this bunch will, both at home and around the world, in their pursuit of financial development. I look forward to a new gastronomes' Bible.

17 Jan 2013 - 4:50am 1 comment

China to begin tests on expanded short selling system

Shanghai's stock index has suffered big falls. Photo: Xinhua

The mainland's securities regulator is expected to begin testing a new technical system for expanded short selling in the coming weeks, a move likely to exacerbate the bearish sentiment on markets.

15 Nov 2012 - 5:02am

Finance jobs still in credit

The financial services sector has generally remunerated its employees well, relative to other sectors. This is typically because of the complexity of the work, the long working hours, margins and the need to attract the best talent in the market.

15 Aug 2012 - 10:54pm

Smart money

The best resources for preparing for financial crisis

2 Jul 2012 - 12:00am

Government is the cause of market failure, not its solution

Leung Chun-ying believes a more interventionist government would be a good thing.

According to the front page of last Thursday's South China Morning Post, Hong Kong's next chief executive thinks 'the government should intervene to prevent market failure and keep property prices at a level affordable to the public'.

17 Apr 2012 - 12:00am

Going upmarket

Think tanks have been sweating out ideas to fight poverty. But, so far, they have come up dry. It never occurred to them to look to wet markets as a solution to poverty or even wealth creation. These public places have a hidden potential for entrepreneurial success.

2 Feb 2012 - 12:00am

A brief history of crisis

Philip Poole has been around. The global head of macro and investment strategy of HSBC Global Asset Management, he previously served as emerging markets economist and has been in this industry for 28 years. That kind of experience helps him put the daily gyrations of the market in context.

21 Nov 2011 - 12:00am

Revived housing scheme leaves no room for fairness

In light of the rather inactive HOS secondary market, I have asked the Housing Authority to seriously consider measures that can facilitate upward mobility of those in the new scheme ... When working out the details, however, we will ensure that the new arrangements are fair to existing HOS flat owners.

Donald Tsang Yam-kuen 2011 policy address

16 Oct 2011 - 12:00am

Smart Money

Some useful investing resources:

1 Aug 2011 - 12:00am

Confidence is high

Foreign banks have always considered the mainland as a potentially lucrative and a 'must-invest' market, despite various restrictions.

Now a survey conducted by international accounting firm PricewaterhouseCoopers (PwC) shows that in an environment of increasing funding constraints, foreign banks operating on the mainland are surprisingly confident about their prospects.

26 Jul 2011 - 12:00am

Facing up to the risks

A conference in Edinburgh, Scotland, attended by 1,300 of the world's leading investment professionals, highlighted the worries these experts have about the mainland economy and where the trouble lies.

The conference also revealed the other main concerns of the investment community over the state of the global economy.

31 May 2011 - 12:00am

Aim is to develop special role for HK

Au King-chi, Permanent Secretary for Financial Services and the Treasury, will address the HKIB's second annual banking conference on Hong Kong's role as China's global financial centre and on shaping government policies for the new financial agenda. Here, she comments on some of the key issues:

18 Sep 2010 - 12:00am