港大经管学院中国经济研究所(ICE)联同中国人民大学中国宏观经济论坛(CMF)日前举办论坛,港大经管学院实务教授及中国宏观经济论坛联席主席毛振华分析中国经济筑底回升的六项重要政策选择,当中强调应以政策协助稳住房地产价格、调整消费需求和消费能力、妥善应对及化解债务问题、激发市场与民间投资与创新,以及透过改革开放进一步提升生产量和产质量素,并认为开放是中国经济增长与发展的源泉之一,除了全面深化改革开放,更要充分发挥香港与大湾区的优势,透过「引进来、走出去」,加快构建经济双循环新格局。
23 Jul 2024
教学人员
WSJ talked about the current trend of corporate dictatorships, where companies are run by founder-chief executives who hold on to special voting shares or run boards as their own personal fief. The article highlights a study by Prof. Roni Michaely of the University of Hong Kong, Hyunseob Kim of the Chicago Federal Reserve, and Doron Levit of University of Washington, which found that the benefits of a benign corporate dictatorship wane over time. The research, which examined 920 companies with both voting and non-voting shares, revealed an intriguing pattern. During the initial years following an IPO, companies with founder control tended to perform on par with their more democratically governed counterparts. However, after a decade or so, a significant premium emerged for shares with full voting rights. The article argues that granting full voting rights to all stakeholders is still the best form of governance for companies in the long run.
19 Jul 2024
教学人员
现时经济增长和土地供应量不足,带动住屋需求和长远楼价升势,但由于中美的地缘政治、内地游客消费模式改变,以及来自粤港澳大湾区竞争日益激烈,令写字楼和零售店铺的空置率均录得高水平。香港经济发展应何去何从?
18 Jul 2024
教学人员
现时经济增长和土地供应量不足,带动住屋需求和长远楼价升势,但由于中美的地缘政治、内地游客消费模式改变,以及来自粤港澳大湾区竞争日益激烈,令写字楼和零售店铺的空置率均录得高水平。香港经济发展应何去何从?
17 Jul 2024
教学人员
港大经管学院早前公布2024年第三季本港经济的预测,对于略显低迷的消费气氛,港大经管学院副院长及亚洲环球研究所总监邓希炜教授,于接受Now新闻的访问时指出,投资和消费信心是关键。「受财富效应影响,由于短期内股市和楼市状况形成负面的财富效应,市民投资和消费的信心自然不高,长远而言要视乎政府三年内的经济转型政策,提供新的经济增长点。」
15 Jul 2024
教学人员
One of the indicators of whether a city can be considered as an international metropolis is perhaps the English proficiency of its residents. According to the EF English Proficiency Index report in 2023, Hong Kong ranked fourth among 23 countries and regions in Asia. However, there are two examples of different attitudes towards English in developed areas of Asia.
10 Jul 2024
教学人员
The shrinking salaries of China’s financial professionals have made the jobs in this sector losing lustre. Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School, commented that such pay cuts may drive away skilled financial professionals, and depress supply of risk capital and other financial services. He said, “[Over time], tech start-ups and the real economy will also suffer if there is fewer risk capital and financial products to support them.” China’s financial industry used to be providing generous salaries to bankers and financial brokers in a push to incentivise performance and internationalise operations. Prof. Chen said that a market-oriented way is better than top-down directives to decide compensation for financial professionals. “China needs to loosen regulations, increase competition to drive down the price of financial services [to benefit people and businesses],” he said.
10 Jul 2024
教学人员
Hong Kong is winning back wealthy people thanks to the city’s policy initiatives including tax concessions, top talent visa and residency programs, and the establishment of Family Office Hong Kong. Hong Kong’s assets under management grew 2.1% to HK$31 trillion (US$4 trillion) in 2023. Driven by a strong performance of private banking and wealth management, net fund inflows jumped more than 3 times to nearly HK$390 billion last year. While Singapore stepped up efforts to combat money laundering, it has seen a major shift from the pandemic years since Hong Kong relaxed the quarantine rules and reopened the border with efficient transportation to mainland China cities. Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School, said the mainland billionaires’ enthusiasm for setting up family office business in Singapore has waned, as they prefer less government checks to their personal wealth. “If Singapore would do as many checks and tighter regulations as the mainland, then why would they want to go there?” Prof. Chen said.
9 Jul 2024
教学人员