Richard Harris

Richard Harris

Richard has pioneered Asian investment management at senior levels for companies such as JP Morgan, Citi, BNY Mellon and several start-ups. He has 40 years of experience in a full range of investment and capital markets activities. He is CEO of Port Shelter Investment Management.

Latest from Richard Harris

The View | Coronavirus shines light on our unfair economy as millions join the ranks of the jobless and hungry

The scale of the destruction of people’s livelihoods, from China and India to the US, shows that for too many, job and income security was only a mirage.

21 May 2020 - 10:53PM

The scale of the destruction of people’s livelihoods, from China and India to the US, shows that for too many, job and income security was only a mirage.

Coronavirus shines light on our unfair economy as millions join the ranks of the jobless and hungry
The View | Expect post-coronavirus economic recovery to be slow, bumpy and prone to relapse, in China and everywhere else

As lockdowns ease and economic activities resume for China, to be followed before long by Europe and the US, there is little hope life will go on as before. The impact of lost jobs and numerous business and personal decisions will ripple out for months to come.

15 May 2020 - 9:41AM

As lockdowns ease and economic activities resume for China, to be followed before long by Europe and the US, there is little hope life will go on as before. The impact of lost jobs and numerous business and personal decisions will ripple out for months to come.

Expect post-coronavirus economic recovery to be slow, bumpy and prone to relapse, in China and everywhere else
The View | Why printing money to avert a recession is not smart economics

The negative prices and negative bond yields that dominate headlines today reflect market distortions that in the end will inflict an economic pain worse than the one central bankers are seeking to avoid with their zero-rate policy and asset buying.

8 May 2020 - 4:28AM

The negative prices and negative bond yields that dominate headlines today reflect market distortions that in the end will inflict an economic pain worse than the one central bankers are seeking to avoid with their zero-rate policy and asset buying.

Why printing money to avert a recession is not smart economics
The View | Investors have not seen the back of the Covid-19 market crash, if history is any guide

The rebound in stocks may seem reassuring, but a look at the biggest bear markets of the last century warns of the likelihood of a ‘post-crash crash’.

1 May 2020 - 10:18AM

The rebound in stocks may seem reassuring, but a look at the biggest bear markets of the last century warns of the likelihood of a ‘post-crash crash’.

Investors have not seen the back of the Covid-19 market crash, if history is any guide
The View | To recover, economies must first reckon with the coronavirus’ longer-term impact

Even with the market gyrations in the short term, investors could look further ahead to pick out bargains. Hong Kong, with its huge reserves and strong currency, is well positioned to weather the storm, if the government can stop favouring politics over economics.

24 Apr 2020 - 2:46AM

Even with the market gyrations in the short term, investors could look further ahead to pick out bargains. Hong Kong, with its huge reserves and strong currency, is well positioned to weather the storm, if the government can stop favouring politics over economics.

To recover, economies must first reckon with the coronavirus’ longer-term impact
The View | Oil cut deal: Trump did his bit for global stability, but the world blinked and missed it

The oil price war might have dragged on, if the US president had not stepped up. Donald Trump did not just speak to the Russian and Saudi leaders about cutting oil production, he also offered to help Mexico meet its quota.

16 Apr 2020 - 10:17PM

The oil price war might have dragged on, if the US president had not stepped up. Donald Trump did not just speak to the Russian and Saudi leaders about cutting oil production, he also offered to help Mexico meet its quota.

Oil cut deal: Trump did his bit for global stability, but the world blinked and missed it
The View | Dividend now or a stronger stock later? HSBC shareholders should decide

By preserving the funds that would have been paid in dividends, the company will have a little more capital to face the economic downturn triggered by Covid-19. All should be prepared to make some sacrifices.

9 Apr 2020 - 10:46PM

By preserving the funds that would have been paid in dividends, the company will have a little more capital to face the economic downturn triggered by Covid-19. All should be prepared to make some sacrifices.

Dividend now or a stronger stock later? HSBC shareholders should decide
The View | Infections are down, pollution is back. But China’s post-coronavirus economic recovery is a long way off

With a quarter of the world’s population still in lockdown and their economies at a standstill, China appears to be rebounding at speed. The worst, though, is yet to come, and investors should not expect business as usual any time soon.

3 Apr 2020 - 4:58AM

With a quarter of the world’s population still in lockdown and their economies at a standstill, China appears to be rebounding at speed. The worst, though, is yet to come, and investors should not expect business as usual any time soon.

Infections are down, pollution is back. But China’s post-coronavirus economic recovery is a long way off
The View | The world simply can’t afford China-style coronavirus lockdowns

Mass containment has become the narrative of the coronavirus pandemic, but is it really the answer? From an economic perspective, it makes more sense to actively protect vulnerable people, and get everyone else back to work.

26 Mar 2020 - 10:38PM

Mass containment has become the narrative of the coronavirus pandemic, but is it really the answer? From an economic perspective, it makes more sense to actively protect vulnerable people, and get everyone else back to work.

The world simply can’t afford China-style coronavirus lockdowns
The View | Coronavirus has only hastened the inevitable stock market crash, but expect another bull run on the back of stimulus measures

It is not surprising that Wall Street is reacting to a health crisis that has had a severe impact on the Chinese economy. To avoid a credit crunch, policymakers are pouring liquidity into the market, which will once again fuel an asset bubble.

19 Mar 2020 - 10:12PM

It is not surprising that Wall Street is reacting to a health crisis that has had a severe impact on the Chinese economy. To avoid a credit crunch, policymakers are pouring liquidity into the market, which will once again fuel an asset bubble.

Coronavirus has only hastened the inevitable stock market crash, but expect another bull run on the back of stimulus measures
The View | Coronavirus and markets: Why it pays to understand the viral stories that move prices

Economists have long been aware of the power of narratives that try to explain or justify what is happening in financial markets. But now we have the quantitative tools to properly study it and model their economic impact.

12 Mar 2020 - 10:40PM

Economists have long been aware of the power of narratives that try to explain or justify what is happening in financial markets. But now we have the quantitative tools to properly study it and model their economic impact.

Coronavirus and markets: Why it pays to understand the viral stories that move prices
The View | Why the Fed’s latest rate cut is an overreaction and sends the wrong signal to markets

The emergency rate cut, its first since the 2008 global financial crisis, reinforces fears that the world economy is in trouble, and may yet send record low Treasury yields into negative territory.

6 Mar 2020 - 3:39AM

The emergency rate cut, its first since the 2008 global financial crisis, reinforces fears that the world economy is in trouble, and may yet send record low Treasury yields into negative territory.

Why the Fed’s latest rate cut is an overreaction and sends the wrong signal to markets
The View | Paul Chan’s big-spending budget is right for Hong Kong – this is our rainy day

The most far-reaching budget in decades includes generous cash handouts to ordinary Hongkongers, vital to keep the money circulating. Hong Kong’s recession is an early indicator of what’s to come for other economies in these extraordinary times.

27 Feb 2020 - 10:25PM

The most far-reaching budget in decades includes generous cash handouts to ordinary Hongkongers, vital to keep the money circulating. Hong Kong’s recession is an early indicator of what’s to come for other economies in these extraordinary times.

Paul Chan’s big-spending budget is right for Hong Kong – this is our rainy day
The View | The economic impact of the coronavirus has been quick and sharp. But how long will it last?

From the epicentre in China to the rest of the world connected by trade and supply links, no industry or sector is apparently safe from the damage wrought by the epidemic. The longer-term costs are hard to predict, but pain is certain.

20 Feb 2020 - 10:22PM

From the epicentre in China to the rest of the world connected by trade and supply links, no industry or sector is apparently safe from the damage wrought by the epidemic. The longer-term costs are hard to predict, but pain is certain.

The economic impact of the coronavirus has been quick and sharp. But how long will it last?
The View | Why Boeing’s influence over Washington might be as insidious as Beijing’s control over Huawei

While the Chinese government’s involvement in companies is well known, American corporations’ influence over their government, and the disastrous consequences this may have, garners less attention.

31 Jan 2020 - 5:27AM

While the Chinese government’s involvement in companies is well known, American corporations’ influence over their government, and the disastrous consequences this may have, garners less attention.

Why Boeing’s influence over Washington might be as insidious as Beijing’s control over Huawei
Five things that could trigger the next global recession

Banking veteran and opinion columnist Richard Harris warns investors to keep their eyes open for something that may be difficult to see – early signs of the world’s next recession. Mr Harris shares with the Post his list of the top five possible triggers of a global downturn.

13 Jan 2020 - 6:13PM

Banking veteran and opinion columnist Richard Harris warns investors to keep their eyes open for something that may be difficult to see – early signs of the world’s next recession. Mr Harris shares with the Post his list of the top five possible triggers of a global downturn.

Five things that could trigger the next global recession
The View | As China’s days of meteoric growth come to an end, can it find a way out of its lost decade?

Having lifted millions out of poverty in the decades leading up to 2010, the country did not go far enough over the past 10 years to loosen government control.

17 Feb 2020 - 8:25PM

Having lifted millions out of poverty in the decades leading up to 2010, the country did not go far enough over the past 10 years to loosen government control.

As China’s days of meteoric growth come to an end, can it find a way out of its lost decade?
The View | With markets primed for a reversal, here are five events that could trigger a 2020-21 financial crisis

While the trade war and possibility of a global recession remain concerns, a liquidity crisis in which everyone wants to redeem their debt at the same time – such as severe problems in a major economy like China – is what we should fear most.

3 Jan 2020 - 3:17AM

While the trade war and possibility of a global recession remain concerns, a liquidity crisis in which everyone wants to redeem their debt at the same time – such as severe problems in a major economy like China – is what we should fear most.

With markets primed for a reversal, here are five events that could trigger a 2020-21 financial crisis
The View | Investors might be dancing into the new year but the party fuelled by an asset bubble cannot last

After a year in which tweets moved markets and fake news resulted in a trust deficit, investors must face the fact that assets are overvalued due to central bank policy easing and massive government debt.

26 Dec 2019 - 10:21PM

After a year in which tweets moved markets and fake news resulted in a trust deficit, investors must face the fact that assets are overvalued due to central bank policy easing and massive government debt.

Investors might be dancing into the new year but the party fuelled by an asset bubble cannot last
The View | After protest-wracked Hong Kong’s dismal 2019, even Santa has little to offer – except a reminder that this city remains magical

Hong Kong’s year was defined by the government’s misguided extradition bill and its utter failure to resolve discontent. But the city remains a special place and will stay that way: throughout the crisis, ‘one country, two systems’ has held up.

19 Dec 2019 - 10:26PM

Hong Kong’s year was defined by the government’s misguided extradition bill and its utter failure to resolve discontent. But the city remains a special place and will stay that way: throughout the crisis, ‘one country, two systems’ has held up.

After protest-wracked Hong Kong’s dismal 2019, even Santa has little to offer – except a reminder that this city remains magical
The View | From Trump’s America to Brexit and Hong Kong’s protesters, politics triumphs over economics – but only up to a point

Donald Trump’s pressure on the Fed, Brexit and Hong Kong’s protests have one thing in common: the actions are more beneficial politically than economically. But, given Hong Kong’s importance to China’s economy, Beijing’s response to the protests shows playing politics has its limits.

13 Dec 2019 - 12:55AM

Donald Trump’s pressure on the Fed, Brexit and Hong Kong’s protests have one thing in common: the actions are more beneficial politically than economically. But, given Hong Kong’s importance to China’s economy, Beijing’s response to the protests shows playing politics has its limits.

From Trump’s America to Brexit and Hong Kong’s protesters, politics triumphs over economics – but only up to a point
The View | Hong Kong’s three ‘mountains’ — the MTR, MPF and Link Reit – are now the foothills of an Everest of public discontent that Carrie Lam must climb

The three contentious areas that Lam identified when she was chief secretary continue to be sources of public anger.

6 Dec 2019 - 1:33PM

The three contentious areas that Lam identified when she was chief secretary continue to be sources of public anger.

Hong Kong’s three ‘mountains’ — the MTR, MPF and Link Reit – are now the foothills of an Everest of public discontent that Carrie Lam must climb
Opinion | The sensible, constructive speech Carrie Lam should be making right now for all Hong Kong’s sake

Rather than continue with her uncompromising, inflammatory and solution-free rhetoric, the chief executive should do the decent thing: set up an independent inquiry, renew community dialogue, call an amnesty, and spend to repair the economy.

29 Nov 2019 - 6:57AM

Rather than continue with her uncompromising, inflammatory and solution-free rhetoric, the chief executive should do the decent thing: set up an independent inquiry, renew community dialogue, call an amnesty, and spend to repair the economy.

The sensible, constructive speech Carrie Lam should be making right now for all Hong Kong’s sake
Hong Kong stock market rides out protest pressures as ‘new normal’

Banking veteran and opinion columnist Richard Harris says even the latest demonstrations in Hong Kong have been discounted by local markets – so don’t expect shares to fall much more for now, at least not because of protest pressures.

22 Nov 2019 - 4:58PM

Banking veteran and opinion columnist Richard Harris says even the latest demonstrations in Hong Kong have been discounted by local markets – so don’t expect shares to fall much more for now, at least not because of protest pressures.

Hong Kong stock market rides out protest pressures as ‘new normal’
Opinion | The lost generation? After neglecting the underlying problems that led our young people to protest, it’s up to us to nurture them

Hong Kong faces a much stiffer challenge than merely ending the protests, restoring stability and boosting the economy. Deep-seated frustrations have radicalised thousands of young people who should be leading the city into the future.

22 Nov 2019 - 6:48AM

Hong Kong faces a much stiffer challenge than merely ending the protests, restoring stability and boosting the economy. Deep-seated frustrations have radicalised thousands of young people who should be leading the city into the future.

The lost generation? After neglecting the underlying problems that led our young people to protest, it’s up to us to nurture them
Is a ‘governor’ needed to lead Hong Kong out of months of civil unrest?

Banking veteran and opinion columnist Richard Harris questions if Hong Kong needs to appoint a “governor” to settle the unrest in the city.

18 Nov 2019 - 6:19PM

Banking veteran and opinion columnist Richard Harris questions if Hong Kong needs to appoint a “governor” to settle the unrest in the city.

Is a ‘governor’ needed to lead Hong Kong out of months of civil unrest?
The View | Hong Kong’s violent protests aren’t the greatest threat to its economy. Global conditions are

The strength of the Hang Seng Index this fall suggests that the protests are the new normal, and no longer a drag. However, looking at global markets, it appears we are now in a ‘last hurrah’ environment typical of bubbles.

15 Nov 2019 - 7:18AM

The strength of the Hang Seng Index this fall suggests that the protests are the new normal, and no longer a drag. However, looking at global markets, it appears we are now in a ‘last hurrah’ environment typical of bubbles.

Hong Kong’s violent protests aren’t the greatest threat to its economy. Global conditions are
The View | Forget the mask ban. Beijing can solve Hong Kong’s protests by letting a governor run the city

Taking a hard line won’t work, yet doing nothing is not an option. Why not amend the Basic Law, perhaps jointly with the UK, to bring in a tried-and-tested fix? A governor can rebalance the local vested interests and focus on improving people’s welfare.

11 Oct 2019 - 12:06PM

Taking a hard line won’t work, yet doing nothing is not an option. Why not amend the Basic Law, perhaps jointly with the UK, to bring in a tried-and-tested fix? A governor can rebalance the local vested interests and focus on improving people’s welfare.

Forget the mask ban. Beijing can solve Hong Kong’s protests by letting a governor run the city
The View | Hong Kong protests have an easy solution: spread the wealth, end social discontent

The civil unrest has hit the economy, but not yet where it really hurts: in finance and logistics. However, this is a certainty if the city loses its special trade status. With the wealth gap the source of much youth anger, it’s time to spend on the future.

4 Oct 2019 - 6:04AM

The civil unrest has hit the economy, but not yet where it really hurts: in finance and logistics. However, this is a certainty if the city loses its special trade status. With the wealth gap the source of much youth anger, it’s time to spend on the future.

Hong Kong protests have an easy solution: spread the wealth, end social discontent
The View | Yes, Hong Kong’s police have made mistakes but they have also shown commendable restraint - imagine what would have happened otherwise

Many of the police tactics have been inadvisable but officers are still Hongkongers who want to do what is right for their city. The police had a difficult relationship with the public even before the protests and a rethink of community relations is needed.

19 Sep 2019 - 10:21PM

Many of the police tactics have been inadvisable but officers are still Hongkongers who want to do what is right for their city. The police had a difficult relationship with the public even before the protests and a rethink of community relations is needed.

Yes, Hong Kong’s police have made mistakes but they have also shown commendable restraint - imagine what would have happened otherwise