假設你擁有一項投資,原本估計在未來30年期間,每年會為你帶來30萬元回報。由於受新型冠狀肺炎疫情所累,有關投資今年只能為你帶來24萬元收益;要是以後每年收益恢復到30萬元,那麼疫情對你造成的金錢損失,就是今年預期與實際回報的差額,亦即6萬元。但是,若之後每年收益只達28萬元,那麼你的總損失,還得包括今後每年2萬元的落差,總數相當驚人。損失的現值取決於貼現率的高低,而在長期低息環境之下,這仍是個驚人數目。
15 Apr 2020
Faculty
Prof. Zhiwu CHEN
Dr. Y. F. LUK
Prof. Heiwai TANG
Dr. Stephen Y CHIU
Prof. Wen ZHOU
Chair Professor of Finance
Cheng Yu-Tung Professor in Finance
Director, Centre for Quantitative History
Director, Hong Kong Institute for Humanities and Social Sciences
HKU Council Member
Honorary Associate Professor
Associate Dean (External Relations)
Victor and William Fung Professor in Economics
Director, Asia Global Institute
Director, APEC Study Center
Associate Director, Hong Kong Institute of Economics and Business Strategy
Honorary Associate Professor
Associate Professor
Associate Director, Asia Case Research Centre