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

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.

10 Jan 2020 - 4:03AM

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
The View | What was behind the Hong Kong stock market rise ahead of Carrie Lam’s withdrawal of the extradition bill?

Many hours before Carrie Lam appeared on TV, and well before reports that the bill’s withdrawal was imminent, the Hang Seng Index had begun to rise. Did anyone trade on the information before the mainstream press reported it? It would have been magical for the market to go up on no news.

12 Sep 2019 - 10:25PM

Many hours before Carrie Lam appeared on TV, and well before reports that the bill’s withdrawal was imminent, the Hang Seng Index had begun to rise. Did anyone trade on the information before the mainstream press reported it? It would have been magical for the market to go up on no news.

What was behind the Hong Kong stock market rise ahead of Carrie Lam’s withdrawal of the extradition bill?
Why other Chinese cities are not yet ready to ‘surpass’ Hong Kong

Banking veteran and opinion columnist Richard Harris says that with other Chinese cities on the mainland not ready to take up the US$1.2 trillion role of Hong Kong, Beijing cannot afford to destroy Hong Kong’s commercial freedoms.

6 Sep 2019 - 7:27PM

Banking veteran and opinion columnist Richard Harris says that with other Chinese cities on the mainland not ready to take up the US$1.2 trillion role of Hong Kong, Beijing cannot afford to destroy Hong Kong’s commercial freedoms.

Why other Chinese cities are not yet ready to ‘surpass’ Hong Kong
The View | Good news for Hong Kong in leaked Carrie Lam tape: a solution to the unrest is at hand

The tape proved that Lam and Beijing are both keen to see ‘one country, two systems’ thrive, but it must work both ways. For a return to peaceful prosperity, all Hong Kong needs is for Lam to swallow her pride and her financial officials to loosen the purse strings.

5 Sep 2019 - 2:26PM

The tape proved that Lam and Beijing are both keen to see ‘one country, two systems’ thrive, but it must work both ways. For a return to peaceful prosperity, all Hong Kong needs is for Lam to swallow her pride and her financial officials to loosen the purse strings.

Good news for Hong Kong in leaked Carrie Lam tape: a solution to the unrest is at hand
The View | Hong Kong is irreplaceable for China. That’s why the PLA hasn’t rolled in yet

Hong Kong is still China’s critical gateway to multinational money. Chinese banks, now worth US$1.2 trillion, hold overseas assets concentrated in Hong Kong. China simply can’t afford to destroy Hong Kong’s commercial freedoms.

30 Aug 2019 - 9:04AM

Hong Kong is still China’s critical gateway to multinational money. Chinese banks, now worth US$1.2 trillion, hold overseas assets concentrated in Hong Kong. China simply can’t afford to destroy Hong Kong’s commercial freedoms.

Hong Kong is irreplaceable for China. That’s why the PLA hasn’t rolled in yet
The View | Why powerful China must pick its battles: boom-time Japan offers a cautionary tale

A resurgent China and its army of internet patriots are making sure multinationals toe the line. But the loss of goodwill could come at great cost when there are other, more important, battles to be fought. Such as the trade war.

23 Aug 2019 - 10:58AM

A resurgent China and its army of internet patriots are making sure multinationals toe the line. But the loss of goodwill could come at great cost when there are other, more important, battles to be fought. Such as the trade war.

Why powerful China must pick its battles: boom-time Japan offers a cautionary tale
Can community leaders step in for Hong Kong’s broken government?

Banking veteran and opinion columnist Richard Harris explains who should come to Hong Kong’s rescue, as the city enters a tenth consecutive week of protests with no sign of the “leaderless” anti-government movement’s momentum slowing down.

20 Aug 2019 - 2:35PM

Banking veteran and opinion columnist Richard Harris explains who should come to Hong Kong’s rescue, as the city enters a tenth consecutive week of protests with no sign of the “leaderless” anti-government movement’s momentum slowing down.

Can community leaders step in for Hong Kong’s broken government?
The View | How Carrie Lam could end the Hong Kong turmoil in a single speech – with an amnesty for protesters and police, an independent inquiry and more social welfare

Whenever the chief executive appears in public, her speeches show no sign of having learned anything from events thus far. This is especially frustrating as the government could quickly end the protests, even without conceding to all demands.

15 Aug 2019 - 10:15PM

Whenever the chief executive appears in public, her speeches show no sign of having learned anything from events thus far. This is especially frustrating as the government could quickly end the protests, even without conceding to all demands.

How Carrie Lam could end the Hong Kong turmoil in a single speech – with an amnesty for protesters and police, an independent inquiry and more social welfare
The View | Hong Kong’s government is broken. The city needs its community leaders to step into the breach

We’re on our own. It’s time for respected figures across the community, from faith groups, universities, business and legal professions and politics to provide a bridge between the government and protesters to rescue the city.

13 Aug 2019 - 10:17AM

We’re on our own. It’s time for respected figures across the community, from faith groups, universities, business and legal professions and politics to provide a bridge between the government and protesters to rescue the city.

Hong Kong’s government is broken. The city needs its community leaders to step into the breach
Five ways to kick-start Hong Kong’s protest-stressed economy

Banking veteran and opinion columnist Richard Harris explains why he thinks Hong Kong should spend money to get back on its feet after weeks of protests. 

20 Aug 2019 - 2:28PM

Banking veteran and opinion columnist Richard Harris explains why he thinks Hong Kong should spend money to get back on its feet after weeks of protests. 

Five ways to kick-start Hong Kong’s protest-stressed economy
The View | Hong Kong is going through the five stages of grief, before acceptance of fate as a part of China

When acceptance comes of the city’s fate as a part of the mainland system, it won’t be a victory for Beijing, nor the Hong Kong government or its people or battered police. Perhaps only the triads will emerge unbruised.

1 Aug 2019 - 10:20PM

When acceptance comes of the city’s fate as a part of the mainland system, it won’t be a victory for Beijing, nor the Hong Kong government or its people or battered police. Perhaps only the triads will emerge unbruised.

Hong Kong is going through the five stages of grief, before acceptance of fate as a part of China
The View | Spend money where it’s needed to get Hong Kong back on its feet

Non-protesters getting roughed up while the police failed to act is the biggest blow to confidence in Hong Kong in decades. Heads should roll, the extradition bill must be withdrawn and reserves spent on worthwhile services.

25 Jul 2019 - 10:33PM

Non-protesters getting roughed up while the police failed to act is the biggest blow to confidence in Hong Kong in decades. Heads should roll, the extradition bill must be withdrawn and reserves spent on worthwhile services.

Spend money where it’s needed to get Hong Kong back on its feet
Macroscope | Hong Kong can address growing economic anxiety by tackling forced retirement and age discrimination

Some people’s skills decline well before 60, but some much after, and many have transferable skills. Hong Kong’s ageing trends and inadequate pension schemes mean its present forced retirement scheme can’t last.

19 Jul 2019 - 5:34AM

Some people’s skills decline well before 60, but some much after, and many have transferable skills. Hong Kong’s ageing trends and inadequate pension schemes mean its present forced retirement scheme can’t last.

Hong Kong can address growing economic anxiety by tackling forced retirement and age discrimination
The View | No need for investors to panic, Hong Kong will bounce back, as it always has

Hong Kong’s reputation has taken a hit but there is no need for investors to start thinking about pulling out. It is in Beijing’s interests not to mess with the city’s commercial freedoms.

12 Jul 2019 - 11:25AM

Hong Kong’s reputation has taken a hit but there is no need for investors to start thinking about pulling out. It is in Beijing’s interests not to mess with the city’s commercial freedoms.

No need for investors to panic, Hong Kong will bounce back, as it always has
The View | It’s been a bumper six months for stocks and bonds – except in underperforming Hong Kong, where the free market is now under attack

From Wall Street and Europe to Shanghai and Shenzhen, markets have enjoyed a spectacular rise – setting the stage for a big correction. In Hong Kong, rising instability could cause lasting damage to the city’s free and open economy.

4 Jul 2019 - 10:26PM

From Wall Street and Europe to Shanghai and Shenzhen, markets have enjoyed a spectacular rise – setting the stage for a big correction. In Hong Kong, rising instability could cause lasting damage to the city’s free and open economy.

It’s been a bumper six months for stocks and bonds – except in underperforming Hong Kong, where the free market is now under attack
Winds of change poised to blast world markets, says Richard Harris

Global markets are being buffeted by winds of change, with everything from Brexit to digital disruption shaking up fundamentals, despite share prices remaining relatively steady.
But Richard Harris, investment banker and business columnist for the South China Morning Post, forecasts that many markets could lose as much as 10 per cent by the middle of summer 2019.

20 Aug 2019 - 1:59PM

Global markets are being buffeted by winds of change, with everything from Brexit to digital disruption shaking up fundamentals, despite share prices remaining relatively steady.
But Richard Harris, investment banker and business columnist for the South China Morning Post, forecasts that many markets could lose as much as 10 per cent by the middle of summer 2019.

Winds of change poised to blast world markets, says Richard Harris