Last week in this column we analyzed that captive insurance companies offer advantages in risk management and cost control, but not all enterprises are suited to establish a captive. What conditions are required to achieve the intended risk diversification goals while avoiding creating new sources of risk for the company?
12 Nov 2025
Faculty
Prof. Haonan ZHOU, Assistant Professor of Finance at HKU Business School, shared his views in a recent Financial Times article. Combing through three decades of syndicated loan market data across more than 100 countries, he found that when a borrower’s home country experiences a financial crisis, non-bank lenders cut their lending by about 20% more than banks do.
8 Nov 2025
Faculty
Facing complex risks and high premiums, many firms now favour 'captive insurance'—their own insurance subsidiaries. This strategy retains cash, lowers costs by reflecting true risk, and allows firms to cover 'blank risks' while accessing reinsurance markets directly.
5 Nov 2025
Faculty
In Hong Kong, a densely populated international metropolis, the red, green, and blue taxis flowing through the streets once symbolized the city's vitality. However, in recent years, issues such as inconsistent taxi service quality, an aging driver demographic, and frequent instances of refusal to pick up passengers or taking circuitous routes have become increasingly prominent, prompting society to re-examine the sustainability of traditional travel modes.
2 Nov 2025
Following the privatization proposal for Tam Jai International by its Japanese parent company, Toridoll Holdings, in February this year, less than three and a half years after its listing, HSBC Group also announced on the 9th of this month its recommendation to privatize Hang Seng Bank, which was founded in 1933. In other words, after Hang Seng becomes a wholly-owned subsidiary of HSBC, its more than 50-year listing status will be revoked.
29 Oct 2025
Faculty
Artificial intelligence (AI) is advancing rapidly. The achievements of Chinese tech firms have impressed overseas investors and prompted the United States to step up containment efforts aimed at slowing China’s AI development. Prof. Jack Jiang, the Padma and Hari Harilela Professor in Strategic Information Management at HKU Business School, said China’s AI large models are already world-leading and the gap with the United States is narrowing.
27 Oct 2025
Faculty
Two years ago, I wrote an article in this column titled “Commercialization of Intellectual Property Is Conducive to High-Quality Economic Development,” and, together with the Hong Kong Young Industrialists Council, released a research report entitled “Commoditization of Intellectual Property: Catalyzing Hong Kong’s Reindustrialization.” The report put forward a series of recommendations, including encouraging the use of intangible assets as collateral for financing, with the aim of promoting the commercialization of IP (intellectual property) in Hong Kong.
22 Oct 2025
Faculty
Starting in 2024, a doll named Labubu—with pointy little ears, devil-like large eyes, and a grin revealing nine sharp fangs—took the world by storm. In the first half of 2025, Labubu’s sales reached 4.8 billion RMB. What amazed the market about Labubu was not only its formidable money-making power, but also its unstoppable momentum in overseas markets.
16 Oct 2025
As we enter the final quarter of 2025, the U.S.–China economic conflict has flared up again. The current focus of the global economy is on the APEC meeting to be held in Gyeongju, South Korea at the end of this month. However, a few days before the APEC meeting, on the other side of the globe, there is another event worth attention: the October 26 midterm elections for Argentina’s legislature.
15 Oct 2025
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