Opinion
An ageing population is generally bad news for growth prospects, but Japan and Taiwan offer important lessons.
External Publication
A look into the intermediary role of Hong Kong in financing cross-border Belt and Road Initiative projects and compare it with Singapore, a similar offshore financial center and competitor.
Opinion
The Hong Kong government might want to consider diversifying its economy by using part of the savings earmarked for rainy days. Beyond cushioning the negative impact of Covid-19 on SMEs and households, it is one more reason to spend.
Opinion
The stimulus is regressive in nature, as the bulk of expenditure is a one-off cash disbursement per adult
Opinion
Approaching the end of a volatile year, Hong Kong continues to face the triple whammy of slower growth in mainland China, the trade war uncertainty and social unrest.
Opinion
Lack of concrete plans affects sentiment after brief surge on announcement of Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area
Opinion
While the effect of the ongoing unrest on the Hong Kong economy is obvious, Taiwan was already doing better before the protests started.
Opinion
China seems to be coming to the rescue as social unrest affects the city’s financial market, but it’s probably only for arbitrage reasons
Opinion
The Hong Kong economy has been hit by a series of shocks, but it should resist taking drastic measures to keep foreign capital in the city.
Blog Post
Hong Kong’s current situation is important for the world in as far as its role as major offshore financial centre is key for China’s inbound and outbound investment and financing. Capital outflows from Hong Kong are especially risky given Hong Kong's so far useful but rigid monetary regime, namely a peg to the USD under a currency board