• Sat
  • Aug 30, 2014
  • Updated: 8:12am

Public Finance

Our future economic success rests on the balanced sum of state and market

The more I study the Indian and Chinese growth models, the more I realise that the debate over the state versus the market is a false dichotomy. Both the state and the market are inseparable, interactive and interdependent social institutions.

Saturday, 14 April, 2012, 12:00am

Weak signal

In order to facilitate internet learning for students from low-income families, the government launched a HK$220million programme. The five-year Internet Learning Support Programme, which was introduced in the 2010 budget and rolled out last July, planned to help students acquire affordable computers and internet access.

7 Apr 2012 - 12:00am

Housing subsidy for N-nothings

Up to 12,000 residents who slip through the city's safety net of welfare and relief measures will get a one-off housing subsidy in a HK$60 million giveaway from the Community Care Fund, Chief Secretary Stephen Lam Siu-lung said.

The proposal prompted a call from one lawmaker to turn the scheme into regular welfare for the grass roots.

16 Mar 2012 - 12:00am

Tax cut bandwagon is rolled out again but makes no headway

Confucius has many disciples indeed. He would be happy if he were brought back to life at the annual National People's Congress (NPC) in Beijing. No longer content to serve as a mere rubber-stamp body, many lawmakers at the current session have complained, as reported by the mainland press, about the heavy tax burden on the people.

11 Mar 2012 - 12:00am

Higher home sales in view as tax falls

A breakthrough in secondary-market home sales as the year progresses has been predicted by analysts and agents as the initial impact of the government's special stamp duty wears off, allowing the market to conclude deals faster and also releasing pent-up demand from genuine buyers.

8 Mar 2012 - 12:00am

Local governments to form funds to repay loans

Beijing has ordered heavily indebted local governments to set up special funds to help repay loans, in a bid to avoid a Chinese version of the sovereign debt crisis that has sunk several European economies.

Finance Minister Xie Xuren said the government would also focus on improving its tax system and on lowering structural taxes as part of its fiscal policy this year.

7 Mar 2012 - 12:00am