Richard Wong

Richard Wong

Richard Wong Yue-chim is the Philip Wong Kennedy Wong Professor in Political Economy at the University of Hong Kong

Latest from Richard Wong

The View | Hong Kong can ease its housing crisis by giving more families a chance to buy public housing flats

Families owning a home under the Tenants Purchase Scheme have lower divorce and single parent rates and more people living in the same unit than those renting public housing, thus reducing the pressure on the city’s housing stock.

Families owning a home under the Tenants Purchase Scheme have lower divorce and single parent rates and more people living in the same unit than those renting public housing, thus reducing the pressure on the city’s housing stock.

26 Mar 2019 - 10:20PM
The View | To solve a uniquely Hong Kong conundrum, let all public renters buy their flats

The Tenants Purchase Scheme has had a curious effect on Hong Kong’s labour market. Renters, instead of homeowners, have higher jobless rates, probably to avoid the penalty for being well-off tenants. Here is one way to fix the problem.

The Tenants Purchase Scheme has had a curious effect on Hong Kong’s labour market. Renters, instead of homeowners, have higher jobless rates, probably to avoid the penalty for being well-off tenants. Here is one way to fix the problem.

27 Feb 2019 - 9:18AM
The View | Poor, young and lacking a father’s influence: how teenagers struggle with career choices in Hong Kong

Youths from low-income, single-parent households are doubly disadvantaged by having no access to the career leg-up the missing parent, usually the father, can give. In such cases, business and the government should take the lead.

Youths from low-income, single-parent households are doubly disadvantaged by having no access to the career leg-up the missing parent, usually the father, can give. In such cases, business and the government should take the lead.

29 Jan 2019 - 10:20PM
The View | How Hong Kong’s poverty line is skewed by the elderly, to the detriment of its working-age population

Removing the elderly from the calculation of Hong Kong’s poverty line would more accurately reflect poverty among the working-age population. This would allow for more targeted poverty alleviation measures for both groups, one based on consumption expenditure and the other on income

Removing the elderly from the calculation of Hong Kong’s poverty line would more accurately reflect poverty among the working-age population. This would allow for more targeted poverty alleviation measures for both groups, one based on consumption expenditure and the other on income

27 Nov 2018 - 10:23PM
The View | How the new economy of ideas widens social inequality and fuels populist movements around the world

Richard Wong says as the most valuable forms of capital are increasingly intangible and with giant firms dominating intangible-capital industries, the challenge of the future will be how to ensure that growth is inclusive.

Richard Wong says as the most valuable forms of capital are increasingly intangible and with giant firms dominating intangible-capital industries, the challenge of the future will be how to ensure that growth is inclusive.

30 Oct 2018 - 10:26PM
The View | What Apple and Airbnb have in common – intangible assets that power their profit margins

Ideas and innovation have become a new form of capital that cannot be seen but whose scalability enables companies to increase their bottom lines.

Ideas and innovation have become a new form of capital that cannot be seen but whose scalability enables companies to increase their bottom lines.

25 Sep 2018 - 10:30PM
The View | How housing supply in Hong Kong can be increased without building more flats

The hidden free lunch in Hong Kong’s housing market is the space that could be freed up if public housing renters and subsidised housing owners were allowed to lease out their flats.

The hidden free lunch in Hong Kong’s housing market is the space that could be freed up if public housing renters and subsidised housing owners were allowed to lease out their flats.

28 Aug 2018 - 10:34PM
The View | Singapore’s public housing owners have one major edge over Hong Kong’s. Can Carrie Lam turn this around?

The chief executive has earned some comparisons to Singapore’s public housing scheme for her proposed reforms, but one key improvement is missing and should be made – to give Hong Kong home owners better access to the transfer value of the flat.

The chief executive has earned some comparisons to Singapore’s public housing scheme for her proposed reforms, but one key improvement is missing and should be made – to give Hong Kong home owners better access to the transfer value of the flat.

19 Dec 2019 - 10:05AM
The View | Building more flats in Hong Kong is easy. The hard part is doing it with vision

The menu of options proposed by the government’s task force to solve our housing crisis is missing an overall strategy for the city’s future development. Taking that into consideration, we should focus on Lantau and New Territories development.

The menu of options proposed by the government’s task force to solve our housing crisis is missing an overall strategy for the city’s future development. Taking that into consideration, we should focus on Lantau and New Territories development.

26 Jun 2018 - 10:29PM
The View | Sell off public housing at affordable prices to help Hongkongers achieve their home-ownership dream

Allowing public housing to dominate in Hong Kong has a detrimental effect on economic prosperity, social cohesion and political inclusiveness and should not be our ultimate goal.

Allowing public housing to dominate in Hong Kong has a detrimental effect on economic prosperity, social cohesion and political inclusiveness and should not be our ultimate goal.

29 May 2018 - 10:55PM
How to privatise Hong Kong’s public housing, and satisfy the desire for homeownership

A plan to let public tenants buy their flats could succeed if the prospective owner has a realistic chance of paying off the loan, and can reap the full capital appreciation of the property.

A plan to let public tenants buy their flats could succeed if the prospective owner has a realistic chance of paying off the loan, and can reap the full capital appreciation of the property.

24 Apr 2018 - 11:09PM
The View | It is time to empower welfare housing tenants to rent out part or all of their flats

Unleashing market forces within the public housing sector would mean a step towards privatising the public housing stock and refocusing public housing away from handouts and towards ownership

Unleashing market forces within the public housing sector would mean a step towards privatising the public housing stock and refocusing public housing away from handouts and towards ownership

27 Mar 2018 - 10:28PM
The View | Investing in human capital is our best policy option … but cash hand-outs wouldn’t hurt either

Burdened with an ageing workforce, we need to invest heavily in enhancing the human capital of residents, and do more to attract newcomers who possess talent and know-how

Burdened with an ageing workforce, we need to invest heavily in enhancing the human capital of residents, and do more to attract newcomers who possess talent and know-how

27 Feb 2018 - 11:18PM
The View | Let’s build smaller public housing, not bigger – and hurry up and kick-start privatisation

Homes offered through Hong Kong’s welfare housing programme are getting bigger, while units offered through private development are shrinking. We need to reel back these distortions

Homes offered through Hong Kong’s welfare housing programme are getting bigger, while units offered through private development are shrinking. We need to reel back these distortions

30 Jan 2018 - 11:01PM
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