Regulation and Financial Stability in Laissez-Faire Hong Kong

2009 ◽  
pp. 117-133
Author(s):  
Leo Goodstadt
Keyword(s):  
Hong Kong ◽  
Financial Stability ◽  
Laissez Faire

scholarly journals The mission thing

1994 ◽  
Vol 23 (4-5) ◽  
pp. 38-42
Author(s):  
Ted Turner
Keyword(s):  
Human Rights ◽  
Hong Kong ◽  
Us Congress ◽  
The Us ◽  
Laissez Faire

While the US congress was debating whether to continue China's Most Favoured Nation status, and Clinton was going back on his election promises, CNN's boss in Hong Kong was appealing for a laissez-faire approach to human rights

Victoria Barracks of Disappearance: Contested Post-Military Landscape in High-Density Urban Hong Kong

2019 ◽  
Vol 44 (2) ◽  
pp. 77-84
Author(s):  
Jing Xiao ◽  
Charlie Q. L. Xue
Keyword(s):  
Hong Kong ◽  
Cultural Heritage ◽  
Research Paper ◽  
High Density ◽  
Alternative View ◽  
Heritage Protection ◽  
Laissez Faire ◽  
The Military

This research paper examines the post-military landscape of the Victoria Barracks regarding the high-density urbanism in Hong Kong from the 1970s to the 2000s. The article first interprets the concept of post-military landscape according to the ideology and urbanism of the then Hong Kong society. It then studies three plans of the Victoria Barracks of different stages, showing contestations between domestic, commercial and administrative powers in controlling the military redevelopment. Several contemporary architectural projects on the site will also provide an alternative view of the transformation according to the local economic laissez-faire policy. Its influence to the unsatisfactory heritage protection leads to the disappearance and false representation of the identity of this particular military and cultural heritage.

scholarly journals Tuberculosis, Housing and the Colonial State: Hong Kong, 1900-1950

2003 ◽  
Vol 37 (3) ◽  
pp. 653-682 ◽  
Author(s):  
Margaret Jones
Keyword(s):  
Hong Kong ◽  
Social Policy ◽  
Colonial Rule ◽  
Colonial History ◽  
Colonial State ◽  
British Rule ◽  
Laissez Faire ◽  
Imperial State ◽  
Indirect Rule

As Tak-Wing Ngo has argued, the ‘dominant’ view of colonial rule in Hong Kong is one of a state which governed through ‘a deliberate policy of indirect rule—a combination of economic laissez-faire and political non-intervention’. It depicts a government which was disengaged from the population, preferring to see the colony as a trading opportunity, whilst leaving the condition of the peoples it held sway over to the philanthropy and humanitarianism of the colony's Chinese elites. This view of British rule was even supported by the primary representative of the imperial state when Sir David Trench admitted in 1970 that social policy, in the sense of responding to the needs of the populace, only began in the colony in 1953. But as Tak-Wing Ngo has argued, these ‘established narratives’ of Hong Kong's colonial history need to be reassessed and a more nuanced approach adopted to reveal the complexity of even Hong Kong's seemingly simple ‘colonial state-society’ relations.

The Impact of US Monetary Policy and Other External Shocks on the Hong Kong Economy

2019 ◽  
pp. 239-260
Author(s):  
Hongyi Chen ◽  
Andrew Tsang
Keyword(s):  
Monetary Policy ◽  
Hong Kong ◽  
Financial Stability ◽  
Mainland China ◽  
External Shocks ◽  
Monetary Policies ◽  
Macroprudential Policies ◽  
Loan Quality ◽  
The Impact ◽  
Us Monetary Policy

This chapter uses the factor-augmented vector autoregression framework to study the impact on the Hong Kong economy of the diverging monetary policies by the Fed, the European Central Bank (ECB), and the Bank of Japan (BoJ), as well as the slowdown of the Mainland economy. The empirical results show that shocks in US monetary policy rate mainly affect interest rate-sensitive sectors in Hong Kong and that monetary easing from the ECB and the BoJ somewhat offsets the impact of tightening of the Fed. Real variables such as real GDP growth and the unemployment rate are more sensitive to the economic slowdown in Mainland China. However, Hong Kong’s financial stability, particularly with regard to loan quality, banks’ capital and liquidity, is well maintained by macroprudential policies, suggesting that Hong Kong’s financial system is resilient to external shocks.

Part V The International Dimension, 13 Hong Kong’s Future as a Leading International Financial Centre

2016 ◽  
Author(s):  
Arner Douglas W ◽  
Hsu Berry FC ◽  
Goo Say H ◽  
Johnstone Syren ◽  
Lejot Paul ◽  
...  
Keyword(s):  
Economic Development ◽  
Hong Kong ◽  
Financial Markets ◽  
Financial Market ◽  
Financial Stability ◽  
International Dimension ◽  
Financial Centre ◽  
Regulatory Systems ◽  
The Future

This chapter summarizes the main arguments and discussions of the book and presents an overview of major concerns for the future of Hong Kong’s financial markets. In addition to describing financial market law and practice in Hong Kong, this book has sought to point out related major issues, whether legal, economic, or cultural. Each chapter has concluded with an evaluation of Hong Kong’s financial markets, identifying weaknesses and where reform is most needed. This final chapter takes the analysis further, presenting an overview of major concerns for the future of Hong Kong’s financial markets and their legal and regulatory systems. These arise in two main respects: first, risks to be addressed out of concern for financial stability and the continued economic development of Hong Kong; and second, opportunities to enhance Hong Kong’s competitiveness as a financial centre, especially in the context of prospects for China and East Asia.

Scotts of Greenock, 1711-1945

Scott Lithgow ◽  
2005 ◽  
pp. 1-28
Author(s):  
Lewis Johnman ◽  
Hugh Murphy
Keyword(s):  
Twentieth Century ◽  
Hong Kong ◽  
Financial Stability ◽  
Second World War ◽  
World War ◽  
Technical Developments ◽  
History Of ◽  
Second World

This initial chapter outlines the founding of the Scotts Shipyard of Greenock in 1711, and follows the history of the company through to the end of the Second World War. It documents the company’s major accomplishments, business developments, finances, ownerships, and technical developments throughout the period before the postwar expansion. Events considered include the 1794 construction of the timber vessel, Caledonia, the largest Scottish vessel of the period; an association with the Admiralty; links with Liverpool shipyards; trade links with China and Hong Kong; the quick transition to steam technology; naval contracts; the twentieth century increase in naval demand; and secretive membership in the ‘Warship Group’ of private shipbuilders - a ring that aimed to protect prices from competition. The chapter concludes in 1945, noting that though the forward-thinking Scotts took advantage of wartime inflation and a boom in ship prices for financial stability, no one could predict the size of the postwar maritime expansion that would follow.

Corporate Social Responsibility in Hong Kong

1983 ◽  
Vol 25 (2) ◽  
pp. 107-123 ◽  
Author(s):  
Roger W. T. Gill ◽  
Lisa J. Leinbach
Keyword(s):  
Corporate Social Responsibility ◽  
Hong Kong ◽  
Social Responsibility ◽  
Trade Unions ◽  
Management Practices ◽  
Social Responsiveness ◽  
Traditional Management ◽  
Laissez Faire ◽  
Corporate Social

The reputation of business in Hong Kong includes alleged exploitation of labor and a lack of social responsiveness, which may be due to the nature of its trade unions, its laissez-faire government, and traditional management practices. A recent study identifies attitudes concerning social responsibility that prevail in Hong Kong corporations.

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