In recent years, Hong Kong has witnessed several cases where innocent individuals faced criminal charges due to the loss of their identity cards, sparking public concern. These incidents have exposed security risks associated with financial innovation, prompting calls for financial regulatory authorities to strengthen measures to safeguard the rights and interests of citizens
Link: https://www.chinadailyhk.com/article/366562#Financial-innovation-must-not-advance-at-the-expense-of-prudence
Secretary Li Ka-chao emphasizes outcome-oriented policies, and this year's policy address lists 150 specific tasks, including economic revitalization and improving livelihoods. Key measures include promoting headquarters economy, providing priority housing benefits for newborn families, and revising stamp duty policies to stimulate the real estate and stock markets
Link: https://www.chinadailyhk.com/article/358051#Results-based-policy-the-right-way-to-go
This article discusses the necessity of revitalizing Hong Kong's economy. Prof.HO believes that the SAR government should eliminate interference with market opportunities and reshape people's motivation to enhance economic well-being. The article suggests reforms in housing policies, promoting liquidity in the real estate market, and abolishing special stamp duties, among other recommendations
Link: https://www.chinadailyhk.com/article/347168#Action-needed-to-restore-dynamism-to-HK-economy
The Hong Kong economy is facing headwinds unprecedented in its history. We need to do everything we can to revive the economy.
Link: https://www.chinadailyhk.com/article/344608#Urgent-work-needed-to-revive-SAR's-economy
Hong Kong recently implemented a series of policies aimed at stimulating the real estate market, including relaxing the loan-to-value ratio. While these measures are intended to stimulate the market, they have also sparked some controversy. This article explores the impact of these measures and potential consequences, as well as offers some suggestions
Link: https://www.chinadailyhk.com/article/340083#HK's-economy-needs-some-radical-action
The article advocates for establishing a more equitable international monetary system by introducing an international unit of account called the World Currency Unit (WCU), based on a basket of the world's major currencies and major commodity-producing countries' currencies. This is aimed at promoting global economic stability and a more just financial system
Link: https://www.chinadailyhk.com/article/333739#HK-should-spearhead-use-of-a-World-Currency-Unit
In Hong Kong, without a current banking crisis, there's a suggestion to enhance deposit insurance to "partial deposit insurance," requiring diversification of excess deposits. This would protect large enterprises, bolster crisis resilience, and address the "too big to fail" issue. Additionally, raising protection thresholds and adjusting for inflation would ensure comprehensive coverage for all deposits
Link: https://www.chinadailyhk.com/article/320362#Time-to-review-our-bank-deposit-insurance
The Hong Kong SAR government's decision to keep the Special Stamp Duty (SSD) is disappointing. Despite measures to diversify the economy in the budget, the housing problem for middle-class families persists. The article urges the cancellation of SSD and the construction of new basic units to enhance housing supply and offer more options for the middle class
Link: https://www.chinadailyhk.com/article/317608#Unintended-consequences-of-SSD-continue-to-mount
Hong Kong anticipates a deficit of approximately HK$140 billion for the upcoming fiscal year, exceeding forecasts. The suggestion is for the government to introduce a capital gains tax to boost economic vitality amidst the sluggish growth trend
Link: https://www.chinadailyhk.com/article/316760#How-to-avoid-structural-deficit-and-keep-vibrancy
The article backs the 2011 minimum wage and promotes wage subsidies, urging a careful balance to avoid harming employers and vulnerable groups. Subsidies ensure workers meet basic needs. The government should consider all interests and find the best solution
Link: https://www.chinadailyhk.com/article/315046#Optimizing-family-allowance-minimum-wage-is-ongoing-challenge
Hong Kong's economy is in dire straits, with luxury home auctions falling through, residential transactions hitting a four-year low, and property prices dropping by approximately 15% over the year. The government's finances are forecasted to face a deficit of over HK$100 billion. The article suggests policy adjustments to promote housing equity, including abolishing the special stamp duty and focusing on the development of high-quality private rental units
Link: https://www.chinadailyhk.com/article/310815#Resetting-our-housing-policy-for-better-economic-recovery-fiscal-health