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 | Hong Kong as China’s Jersey? How mainland China can still find a use for our city

Corporate change is gripping Hong Kong as our integration into China is being accelerated by the coronavirus and the national security law. Mainland influence in banking, aviation and other sectors suggests that the Hong Kong economy will be more domestically focused than the global entrepot it once was.

29 Oct 2020 - 10:20PM

Corporate change is gripping Hong Kong as our integration into China is being accelerated by the coronavirus and the national security law. Mainland influence in banking, aviation and other sectors suggests that the Hong Kong economy will be more domestically focused than the global entrepot it once was.

Hong Kong as China’s Jersey? How mainland China can still find a use for our city
The View | China’s digital payment revolution is leaving Hong Kong in the dust

China has emerged as a world leader in digital payments, with the mainland rapidly going cashless and moving to create a fully digital sovereign currency. Meanwhile, cash remains stubbornly popular in Hong Kong as the Octopus card’s dominance has perhaps slowed take-up of other cashless payment options.

23 Oct 2020 - 7:05AM

China has emerged as a world leader in digital payments, with the mainland rapidly going cashless and moving to create a fully digital sovereign currency. Meanwhile, cash remains stubbornly popular in Hong Kong as the Octopus card’s dominance has perhaps slowed take-up of other cashless payment options.

China’s digital payment revolution is leaving Hong Kong in the dust
The View | Hong Kong must embrace herd immunity to revive coronavirus-hit economy

The cure of severe lockdowns and needlessly extended quarantine has been worse than the disease, and the priority is to get back to normal or we never will. Life is all about probabilities and we all play the odds, so let’s use the right ones and make Hong Kong’s economy great again.

15 Oct 2020 - 10:21PM

The cure of severe lockdowns and needlessly extended quarantine has been worse than the disease, and the priority is to get back to normal or we never will. Life is all about probabilities and we all play the odds, so let’s use the right ones and make Hong Kong’s economy great again.

Hong Kong must embrace herd immunity to revive coronavirus-hit economy
The View | Hong Kong will remain a great financial centre – only the colour of the money will be different

Even if offshore investors think our freedoms are being eroded, our commercial freedoms are still much greater than those on the mainland. As long as our commercial law remains unchanged, we have a distinct role to play in China’s economy.

18 Sep 2020 - 6:51AM

Even if offshore investors think our freedoms are being eroded, our commercial freedoms are still much greater than those on the mainland. As long as our commercial law remains unchanged, we have a distinct role to play in China’s economy.

Hong Kong will remain a great financial centre – only the colour of the money will be different
The View | Boris Johnson and the Trump White House should avoid toying with investors’ trust

By threatening to break promises and rewrite rules, thereby undermining their countries’ appeal to investors looking for the next sure bet, the UK and US governments are undercutting their own credibility.

11 Sep 2020 - 4:14AM

By threatening to break promises and rewrite rules, thereby undermining their countries’ appeal to investors looking for the next sure bet, the UK and US governments are undercutting their own credibility.

Boris Johnson and the Trump White House should avoid toying with investors’ trust
The View | It is the Fed’s job to uphold the value of money, not debase it

The repeated calls for inflation targeting by the current and previous Fed chairs illustrate the extent to which modern central bankers have forgotten that their primary duty to is keep control over sound money.

4 Sep 2020 - 4:17AM

The repeated calls for inflation targeting by the current and previous Fed chairs illustrate the extent to which modern central bankers have forgotten that their primary duty to is keep control over sound money.

It is the Fed’s job to uphold the value of money, not debase it
The View | Why the extraordinary Next Digital share price surge after Apple Daily’s Jimmy Lai was arrested?

The market narratives surrounding the share price leap have been confused, implausible and unconvincing. Rumours of pro-democrat or American support make no sense. Could it be a surge of mainland money, in anticipation of a TikTok-style sell-off?

14 Aug 2020 - 6:19AM

The market narratives surrounding the share price leap have been confused, implausible and unconvincing. Rumours of pro-democrat or American support make no sense. Could it be a surge of mainland money, in anticipation of a TikTok-style sell-off?

Why the extraordinary Next Digital share price surge after Apple Daily’s Jimmy Lai was arrested?
The View | Why there is no shame in TikTok selling up in the US

Trump’s suggestion that the US government deserves some of the proceeds from a TikTok sale is outrageous but now would seem like a good time for TikTok to cash in, before it loses out to the next social media fad.

7 Aug 2020 - 2:45AM

Trump’s suggestion that the US government deserves some of the proceeds from a TikTok sale is outrageous but now would seem like a good time for TikTok to cash in, before it loses out to the next social media fad.

Why there is no shame in TikTok selling up in the US
The View | Hong Kong third wave: return to common sense and get people back to work

We have learned much about the virus, and we need to play the odds we have learned in order to stop crippling our economy and avert the worst recession in modern times. Risk can never be eliminated, but we must be willing to accept some pain as we try to restart our economy.

31 Jul 2020 - 6:25AM

We have learned much about the virus, and we need to play the odds we have learned in order to stop crippling our economy and avert the worst recession in modern times. Risk can never be eliminated, but we must be willing to accept some pain as we try to restart our economy.

Hong Kong third wave: return to common sense and get people back to work
The View | Coronavirus response: Working from home forces firms to evolve practices

Working from home has its challenges but could also bring an end to outdated attitudes at firms that still equate time in the office with productivity.

24 Jul 2020 - 4:23AM

Working from home has its challenges but could also bring an end to outdated attitudes at firms that still equate time in the office with productivity.

Coronavirus response: Working from home forces firms to evolve practices
The View | Coronavirus recovery: We the people are to blame for looming debt crisis

Public enemies Nos 1 and 2 are central bank managers and free-spending governments who have ignored their greater financial responsibilities. As long as governments cater to the unrealistic demands of an increasingly demanding and distrustful public, though, we the people must also share in the blame.

16 Jul 2020 - 10:27PM

Public enemies Nos 1 and 2 are central bank managers and free-spending governments who have ignored their greater financial responsibilities. As long as governments cater to the unrealistic demands of an increasingly demanding and distrustful public, though, we the people must also share in the blame.

Coronavirus recovery: We the people are to blame for looming debt crisis
The View | Joy over coronavirus recovery has left markets bereft of all logic

Global markets are not supported by economic fundamentals but by stories or narratives convincing investors that everything will be fine. While the future is likely to be better, investors must be wary that the market always has the last laugh.

10 Jul 2020 - 6:32AM

Global markets are not supported by economic fundamentals but by stories or narratives convincing investors that everything will be fine. While the future is likely to be better, investors must be wary that the market always has the last laugh.

Joy over coronavirus recovery has left markets bereft of all logic
The View | Between the coronavirus, trade war and more, financial markets have had an extraordinary six months. What’s next?

The year has been one where narrative finance, rather than command of economic or financial fundamentals, has guided asset prices. There is no reason the third quarter should be as extraordinary, but it would take a brave investor to bet on it being uneventful.

3 Jul 2020 - 3:51AM

The year has been one where narrative finance, rather than command of economic or financial fundamentals, has guided asset prices. There is no reason the third quarter should be as extraordinary, but it would take a brave investor to bet on it being uneventful.

Between the coronavirus, trade war and more, financial markets have had an extraordinary six months. What’s next?
Opinion | Hong Kong’s economic future will be safer under a Joe Biden presidency

Calm minds on both sides know China and the US need each other because they are more economically linked than militarily opposed, and Biden is less likely to cause unwelcome fallout over Hong Kong.

17 Oct 2020 - 7:12AM

Calm minds on both sides know China and the US need each other because they are more economically linked than militarily opposed, and Biden is less likely to cause unwelcome fallout over Hong Kong.

Hong Kong’s economic future will be safer under a Joe Biden presidency
The View | Hong Kong’s economy can endure the national security law and emerge stronger

A good deal of money has already flowed out of the city and investors are assuming the worst in the absence of clarity over the national security law. Yet, Hong Kong’s low taxes, vibrant business community and efficient infrastructure still make it a great place to live.

24 Jun 2020 - 3:13PM

A good deal of money has already flowed out of the city and investors are assuming the worst in the absence of clarity over the national security law. Yet, Hong Kong’s low taxes, vibrant business community and efficient infrastructure still make it a great place to live.

Hong Kong’s economy can endure the national security law and emerge stronger
The View | Coronavirus travel restrictions will have to give way soon to the economic imperative

Policymakers may be reluctant to take the step, which would risk a second wave of infections, but the first green shoots of recovery are apparent and must be nurtured. Governments must study precedents and begin to ease restrictions.

12 Jun 2020 - 3:59AM

Policymakers may be reluctant to take the step, which would risk a second wave of infections, but the first green shoots of recovery are apparent and must be nurtured. Governments must study precedents and begin to ease restrictions.

Coronavirus travel restrictions will have to give way soon to the economic imperative
The View | The coronavirus is highlighting Hong Kong’s wealth inequality. What’s the government doing about it?

The latest cluster involves warehouse workers, who probably don’t earn much more than the minimum wage. Why isn’t a city as wealthy as Hong Kong doing better by its population, and developing worthwhile jobs for people?

5 Jun 2020 - 6:31AM

The latest cluster involves warehouse workers, who probably don’t earn much more than the minimum wage. Why isn’t a city as wealthy as Hong Kong doing better by its population, and developing worthwhile jobs for people?

The coronavirus is highlighting Hong Kong’s wealth inequality. What’s the government doing about it?
The View | Beijing’s national security law heightens risk and uncertainty for Hong Kong investors and firms

The lack of transparency in the wording and unveiling of the national security law have heightened uncertainty over how it will be applied. Firms must assess the risks posed by the new legislation and what it means for the economy.

29 May 2020 - 1:36AM

The lack of transparency in the wording and unveiling of the national security law have heightened uncertainty over how it will be applied. Firms must assess the risks posed by the new legislation and what it means for the economy.

Beijing’s national security law heightens risk and uncertainty for Hong Kong investors and firms
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