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 | For all of America’s faults, its retreat from the world is not good news

Stung by the Afghan war, the US will turn isolationist after a century of globalisation. This will cost the world its economic growth and, more importantly, put peace at risk.

Stung by the Afghan war, the US will turn isolationist after a century of globalisation. This will cost the world its economic growth and, more importantly, put peace at risk.

For all of America’s faults, its retreat from the world is not good news
10 Sep 2021 - 3:30AM
The View | With the Hang Seng taking its cue from Shanghai instead of New York, investors must watch Chinese policies closely

The recent hit on Hong Kong stocks from Beijing’s wide-ranging regulatory crackdown is a reminder of how closely tied the city’s benchmark index is to the fate of heavyweight mainland stocks.

The recent hit on Hong Kong stocks from Beijing’s wide-ranging regulatory crackdown is a reminder of how closely tied the city’s benchmark index is to the fate of heavyweight mainland stocks.

With the Hang Seng taking its cue from Shanghai instead of New York, investors must watch Chinese policies closely
26 Aug 2021 - 2:30PM
The View | End age discrimination in hiring to fix Hong Kong’s talent shortage

Age is the last bastion of workplace discrimination, and it is not just the government’s job to put it right but that of all employers. We owe it to the economy to entice older talent back to the workplace, given Hong Kong’s low birth rate and ageing population.

Age is the last bastion of workplace discrimination, and it is not just the government’s job to put it right but that of all employers. We owe it to the economy to entice older talent back to the workplace, given Hong Kong’s low birth rate and ageing population.

End age discrimination in hiring to fix Hong Kong’s talent shortage
12 Aug 2021 - 2:30PM
The View | Why stock market investing today is like flying in the 1950s

Akin to travelling by plane mid-century, investors today experience long periods of intense boredom separated by short periods of sheer terror. And the ride is likely to persist.

Akin to travelling by plane mid-century, investors today experience long periods of intense boredom separated by short periods of sheer terror. And the ride is likely to persist.

Why stock market investing today is like flying in the 1950s
30 Jul 2021 - 4:07AM
The View | US, China assaults on Big Tech add fear and risk for global investors

The increased scrutiny of Didi Chuxing is just the latest tale in a global movement against monopolies. Monopolies being broken up are not always bad news for investors, but the actions taken by governments suggest scant regard for the rights of shareholders.

The increased scrutiny of Didi Chuxing is just the latest tale in a global movement against monopolies. Monopolies being broken up are not always bad news for investors, but the actions taken by governments suggest scant regard for the rights of shareholders.

US, China assaults on Big Tech add fear and risk for global investors
15 Jul 2021 - 4:33PM
The View | Market analysis in one question: has the Fed lost the plot on inflation?

Investors remain assured that central banks will issue more debt if things turn sticky, but they will take flight the moment they sense the Fed has lost control of inflation and will have to raise interest rates.

Investors remain assured that central banks will issue more debt if things turn sticky, but they will take flight the moment they sense the Fed has lost control of inflation and will have to raise interest rates.

Market analysis in one question: has the Fed lost the plot on inflation?
2 Jul 2021 - 1:41AM
The View | Hong Kong’s overly cautious coronavirus policymakers must seek to drown out the ‘noise’

The work of Nobel Prize winner Daniel Kahneman has drawn attention to how various, sometimes irrelevant, factors and information influence decision-making. Hong Kong’s 21-day quarantine might be the result of such ‘noise’.

The work of Nobel Prize winner Daniel Kahneman has drawn attention to how various, sometimes irrelevant, factors and information influence decision-making. Hong Kong’s 21-day quarantine might be the result of such ‘noise’.

Hong Kong’s overly cautious coronavirus policymakers must seek to drown out the ‘noise’
18 Jun 2021 - 5:15AM
The View | Could NFTs be today’s ‘Bowie bonds’, helping struggling artists and musicians to get going?

NFTs, through their ability to securitise an underlying asset, offering a form of share ownership, could provide a way to turn creative potential into the cash needed for artists to get a leg up. However, it’s still early days.

NFTs, through their ability to securitise an underlying asset, offering a form of share ownership, could provide a way to turn creative potential into the cash needed for artists to get a leg up. However, it’s still early days.

Could NFTs be today’s ‘Bowie bonds’, helping struggling artists and musicians to get going?
4 Jun 2021 - 1:52AM
The View | Inflation is here, but the market and the Fed have yet to react

Inflation expectations are inherently sticky. The general population may not fear rising prices for a long time – but when they do, they don’t forget. If they expect prices to rise, they demand more, buy products now, and become assertive about wages.

Inflation expectations are inherently sticky. The general population may not fear rising prices for a long time – but when they do, they don’t forget. If they expect prices to rise, they demand more, buy products now, and become assertive about wages.

Inflation is here, but the market and the Fed have yet to react
21 May 2021 - 4:22AM
The View | Inflation watch: US Fed will have to wake up to the effects of pent-up demand

The Fed’s persistent claims that inflation is too low to increase interest rates have lulled markets into believing the easy money will last. But beware: when the Fed is forced to increase rates to curb inflation, markets will tumble on fear of bankruptcies.

The Fed’s persistent claims that inflation is too low to increase interest rates have lulled markets into believing the easy money will last. But beware: when the Fed is forced to increase rates to curb inflation, markets will tumble on fear of bankruptcies.

Inflation watch: US Fed will have to wake up to the effects of pent-up demand
7 May 2021 - 4:28AM
The View | Hong Kong can’t innovate like Shenzhen. But it can be an experimental hub for tech

A compact city like Hong Kong is an ideal test lab for the development of 22nd-century technologies. Yet, as we choke on the fumes permitted by our outdated regulations, why are the current innovations in clean energy not being rolled out in Hong Kong?

A compact city like Hong Kong is an ideal test lab for the development of 22nd-century technologies. Yet, as we choke on the fumes permitted by our outdated regulations, why are the current innovations in clean energy not being rolled out in Hong Kong?

Hong Kong can’t innovate like Shenzhen. But it can be an experimental hub for tech
23 Apr 2021 - 6:45AM
The View | How China-led digital payment revolution is making bills, coins and some currencies obsolete

Many central banks, led by the People’s Bank of China, are looking at digitising their currencies. As banknotes and coins go obsolete, we could be left with several virtual bank accounts and a few virtual currencies, all run by one smartphone.

Many central banks, led by the People’s Bank of China, are looking at digitising their currencies. As banknotes and coins go obsolete, we could be left with several virtual bank accounts and a few virtual currencies, all run by one smartphone.

How China-led digital payment revolution is making bills, coins and some currencies obsolete
8 Apr 2021 - 4:30PM
The View | With stock markets decoupled from economic reality, the only way may be down

Will central bankers take away the punchbowl of liquidity that is decoupling asset prices from economic reality? It seems unlikely when they insist there is no sign of burgeoning inflation. But most workers would tell a different story, of rising shopping costs and stagnant salaries.

Will central bankers take away the punchbowl of liquidity that is decoupling asset prices from economic reality? It seems unlikely when they insist there is no sign of burgeoning inflation. But most workers would tell a different story, of rising shopping costs and stagnant salaries.

With stock markets decoupled from economic reality, the only way may be down
26 Mar 2021 - 9:15AM
The View | Hong Kong needs a mainland-appointed provincial leader, to boost integration and revive the flagging economy

Hong Kong needs a voice in a China that is becoming more economically integrated, and that cannot be provided by a local chief executive. Such leadership would integrate Hong Kong’s rather separate economy more closely into China, supporting local people as they build careers on the mainland.

Hong Kong needs a voice in a China that is becoming more economically integrated, and that cannot be provided by a local chief executive. Such leadership would integrate Hong Kong’s rather separate economy more closely into China, supporting local people as they build careers on the mainland.

Hong Kong needs a mainland-appointed provincial leader, to boost integration and revive the flagging economy
12 Mar 2021 - 8:45AM
Opinion | HSBC should lean into its Asia pivot to have a shot at becoming ‘The Bank’ once again

Moving senior management to Hong Kong shows that HSBC has finally made the rather obvious choice to focus on its home strengths, rather than seeking o be all things to all customers all around the world. The bank’s future is as a Chinese company.

Moving senior management to Hong Kong shows that HSBC has finally made the rather obvious choice to focus on its home strengths, rather than seeking o be all things to all customers all around the world. The bank’s future is as a Chinese company.

HSBC should lean into its Asia pivot to have a shot at becoming ‘The Bank’ once again
26 Feb 2021 - 9:15AM
The View | Bitcoin is booming, but it works as an investment only if you subscribe to the Theory of the Greater Fool

Bitcoin is too volatile and unsupported to be a unit of account. It can be defined as a financial asset only if you are confident that someone will buy it from you at a higher price.

Bitcoin is too volatile and unsupported to be a unit of account. It can be defined as a financial asset only if you are confident that someone will buy it from you at a higher price.

Bitcoin is booming, but it works as an investment only if you subscribe to the Theory of the Greater Fool
19 Feb 2021 - 2:08AM
Richard Harris says authorities must get on top of amateur, i.e. bad, financial advice

“A fool and his money are soon parted”, Richard Harris reminds us. Beware of random people giving financial advice on the internet. They just want your money! Regulators and stock exchanges need to keep up with the times. With the GameStop attack, only a few billion were lost. But next time, it could be a systemic catastrophe.

“A fool and his money are soon parted”, Richard Harris reminds us. Beware of random people giving financial advice on the internet. They just want your money! Regulators and stock exchanges need to keep up with the times. With the GameStop attack, only a few billion were lost. But next time, it could be a systemic catastrophe.

Richard Harris says authorities must get on top of amateur, i.e. bad, financial advice
11 Feb 2021 - 2:27PM
The View | As GameStop stock frenzy dies, it’s the small retail investors who will suffer most

Who’s to blame when the credulous masses, misled by pseudo advice on internet chat forums, believe they can instigate a pump-and-dump scheme and walk away from it unscathed?

Who’s to blame when the credulous masses, misled by pseudo advice on internet chat forums, believe they can instigate a pump-and-dump scheme and walk away from it unscathed?

As GameStop stock frenzy dies, it’s the small retail investors who will suffer most
5 Feb 2021 - 2:05AM
The View | Busy Biden’s flurry of executive orders shows his priorities for America’s economy

Biden has signed 33 orders in six days, placing a spotlight on climate change, immigration, US industry and human rights. Don’t expect any quick relief on trade restrictions with China, but relations with Xi Jinping will be warmer.

Biden has signed 33 orders in six days, placing a spotlight on climate change, immigration, US industry and human rights. Don’t expect any quick relief on trade restrictions with China, but relations with Xi Jinping will be warmer.

Busy Biden’s flurry of executive orders shows his priorities for America’s economy
18 Feb 2021 - 11:25AM
The View | In the coronavirus war, the odds are in favour of allowing businesses to carry on

Instead of aiming unrealistically for zero Covid-19 cases, the government must seek a better balance between public health and the impact of restrictions on the economy.

Instead of aiming unrealistically for zero Covid-19 cases, the government must seek a better balance between public health and the impact of restrictions on the economy.

In the coronavirus war, the odds are in favour of allowing businesses to carry on
8 Jan 2021 - 5:56AM
Richard Harris: Microtransport for everyone makes sound economic sense

Hong Kong needs more bridges, walkways, escalators, lifts and travelators, not for a few disabled, but for the majority who are abled, argues Richard Harris of Port Shelter Investments. After seeing the difference in his commute while Covid-19 restrictions are in place in the city, Harris says it is time Hong Kong leaders found a way to make more microtransport for everyone

Hong Kong needs more bridges, walkways, escalators, lifts and travelators, not for a few disabled, but for the majority who are abled, argues Richard Harris of Port Shelter Investments. After seeing the difference in his commute while Covid-19 restrictions are in place in the city, Harris says it is time Hong Kong leaders found a way to make more microtransport for everyone

Richard Harris: Microtransport for everyone makes sound economic sense
4 Jan 2021 - 4:12PM
In an age of ‘narrative finance’, pay attention to the stories in 2021, says Richard Harris

After a tumultuous 2020, banking veteran and opinion columnist Richard Harris shares his views on what 2021 may bring for global investors. 
 

After a tumultuous 2020, banking veteran and opinion columnist Richard Harris shares his views on what 2021 may bring for global investors. 
 

In an age of ‘narrative finance’, pay attention to the stories in 2021, says Richard Harris
23 Dec 2020 - 8:19PM
The View | Santa’s outlook for 2021: coronavirus recovery, vaccines and inflation risks

The world should expect a wealth of positive recovery and vaccine news early in the new year, with China leading the way, but also growing risks to business confidence.

The world should expect a wealth of positive recovery and vaccine news early in the new year, with China leading the way, but also growing risks to business confidence.

Santa’s outlook for 2021: coronavirus recovery, vaccines and inflation risks
18 Dec 2020 - 10:23AM
The View | Why the coronavirus left stock markets shaken but not stirred in 2020

Despite talk of economic destruction, recession, job losses and business closures, most stock markets are likely to end the year on a positive note, buoyed by central bank asset purchases and government debt.

Despite talk of economic destruction, recession, job losses and business closures, most stock markets are likely to end the year on a positive note, buoyed by central bank asset purchases and government debt.

Why the coronavirus left stock markets shaken but not stirred in 2020
11 Dec 2020 - 5:05AM
The View | Learn from Hong Kong’s past and let the private sector take the risk for Lantau Tomorrow project

Lantau Tomorrow has the hallmarks of a project governments want to avoid. Hong Kong has built big infrastructure projects through the ‘build, operate, transfer’ approach and can do so again without risking the city’s finances.

Lantau Tomorrow has the hallmarks of a project governments want to avoid. Hong Kong has built big infrastructure projects through the ‘build, operate, transfer’ approach and can do so again without risking the city’s finances.

Learn from Hong Kong’s past and let the private sector take the risk for Lantau Tomorrow project
3 Dec 2020 - 10:29PM
The View | Janet Yellen’s old ideas are bad fit for Joe Biden’s cabinet and the US economy

Yellen continued the mistaken policies of her predecessor, Ben Bernanke, driving interest rates lower to stimulate the economy and being too slow to raise them when she had the chance. Her interventionist economics are wrong for the times, which call for a banker or someone with more private-sector experience to stabilise the economy.

Yellen continued the mistaken policies of her predecessor, Ben Bernanke, driving interest rates lower to stimulate the economy and being too slow to raise them when she had the chance. Her interventionist economics are wrong for the times, which call for a banker or someone with more private-sector experience to stabilise the economy.

Janet Yellen’s old ideas are bad fit for Joe Biden’s cabinet and the US economy
27 Nov 2020 - 8:22AM
The View | How Hong Kong can help shape reforms in China’s tech-focused five-year plan

China’s latest five-year plan includes heavy investment in technology, innovation and soft power but still leaves key issues such as property reform unaddressed. Hong Kong’s commercial legal system can provide a template for legal reforms on the mainland.

China’s latest five-year plan includes heavy investment in technology, innovation and soft power but still leaves key issues such as property reform unaddressed. Hong Kong’s commercial legal system can provide a template for legal reforms on the mainland.

How Hong Kong can help shape reforms in China’s tech-focused five-year plan
20 Nov 2020 - 6:45AM
The View | The mess after Trump’s election loss shows America’s strength, and investors need to understand that

America is open, transparent and willing to air its problems in public, and this can be difficult to understand by outsiders. It is easy to disrespect the US, but very risky to feel superior and investors need to understand the country and its global influence.

America is open, transparent and willing to air its problems in public, and this can be difficult to understand by outsiders. It is easy to disrespect the US, but very risky to feel superior and investors need to understand the country and its global influence.

The mess after Trump’s election loss shows America’s strength, and investors need to understand that
13 Nov 2020 - 1:58AM
The View | US prospects look bleak as coronavirus, recession and debt leave little room to boost the economy

Regardless of who wins the US election, economics trumps politics and the current environment gives no party room to manoeuvre. Economic prospects look bleak yet the stock market’s future appears bright amid expectations of more government stimulus.

Regardless of who wins the US election, economics trumps politics and the current environment gives no party room to manoeuvre. Economic prospects look bleak yet the stock market’s future appears bright amid expectations of more government stimulus.

US prospects look bleak as coronavirus, recession and debt leave little room to boost the economy
6 Nov 2020 - 5:55AM
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.

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
29 Oct 2020 - 10:20PM