新一年度《財政預算案》現已發佈,政府財政狀況扭轉近年頹勢並錄得盈餘。這是否預示著經濟將全面反彈?港大經管學院副院長鄧希煒教授早前接受無綫電視《新聞透視》專訪,就預算案對本港未來經濟發展的啟示發表看法。

3917 0029
3917 4388
MB 335/ KK 920
- PhD: MIT
- Bachelor: UCLA
Prof. Heiwai Tang is the Victor and William Fung Professor in Economics at the University of Hong Kong (HKU), where he also serves as Director of the Asia Global Institute, Associate Vice President (Global) of the university, and Associate Dean for External Relations at the Business School. Before joining HKU, he was a tenured Associate Professor of International Economics at the School of Advanced International Studies (SAIS) of Johns Hopkins University.
He is affiliated with the Center of Economic Studies and Ifo Institute (CESifo) in Germany, the Asian Bureau of Finance and Economic Research (ABFER) in Singapore, the Kiel Institute for the World Economy in Germany, and the Globalization and Economic Policy (GEP) Center in the U.K. as a research fellow. He has consulted for organizations such as the World Bank, the International Finance Corporation, the United Nations, and the Asian Development Bank. He has also held visiting positions at the International Monetary Fund (IMF), Stanford University, the Massachusetts Institute of Technology (MIT), and Harvard University.
He has previously served as the Managing Editor of the Pacific Economic Review, and as an Associate Editor for the Journal of International Economics, the Journal of Comparative Economics, and the China Economic Review. Since 2021, he has been involved with several public and regulatory bodies in Hong Kong SAR, including the Currency Board Sub-Committee of the Hong Kong Monetary Authority’s Exchange Fund Advisory Committee, the Industry Advisory Committee of the Insurance Authority, the Securities and Futures Appeals Tribunal, the Land and Development Advisory Committee, and the Minimum Wage Commission, among others.
Heiwai holds a Ph.D. in economics from MIT and a Bachelor of Science in mathematics from UCLA. His research interests span a wide range of theoretical and empirical topics in international trade, with a specific focus on production networks, global value chains, and China. His research has been published in leading economics journals, including the American Economic Review and the Journal of International Economics. His research and opinions have been featured in the BBC, Bloomberg, China Daily, CNA, CNN, Financial Times, New York Times, Al Jazeera, Foreign Policy, South China Morning Post, and various think tanks, including the Brookings Institution and the Peterson Institute for International Economics.
Columbia-LBS-HKU EMBA: The New World Order
HKU-PKU DBA: Frontiers in Economics Research
Fudan-HKU IMBA: The New World Order
HKU: Undergraduate Common Core – China in the Global Economy; MBA – Global Economy; Master of Economics – Economic Policy
International Trade, Global Value Chains, Development Economics
- Towards the Future of BRICS+, Eds (with Brian YS Wong), HKU Press, August 2025
- “Trade Networks and Firm Value: Evidence from the US-China Trade War,” Journal of International Economics, forthcoming. (with Yi Huang, Chen Lin, and Sibo Liu)
- “Currency Carry Trade by Trucks: The Curious Case of China’s Massive Imports from Itself”, Review of Finance, 27(2), March 2023, pp. 469–493. (with Xuepeng Liu, Zhi Wang, and Shang-Jin Wei)
- “Do Multinationals Transfer Culture? Evidence on Female Employment in China”, Journal of International Economics, 133, Nov 2021, 103518. (with Yifan Zhang)
- “Domestic Segment of Global Value Chains in China under State Capitalism”, Journal of Comparative Economics, 48(4), Dec 2020, pp. 797-821. (with Fei Wang and Zhi Wang)
- “Why is China Investing in Africa? Evidence from the Firm Level”, World Bank Economic Review, 32(3), Oct 2018, pp. 610-632. (with Wenjie Chen and David Dollar)
- “Are Foreign Firms Favored in China? Firm-level Evidence on the Collection of Value-Added Tax”, Journal of International Business Policy, 1(2), Inaugural Issue, Jun 2018, pp. 71-91. (with Yasheng Huang)
- “Domestic Value Added in Exports: Theory and Firm Evidence from China”, American Economic Review, 106(6), Jun 2016, pp. 1402-1436. (with Hiau Looi Kee)
- “Learning to Export from Neighbors”, Journal of International Economics, 94(1), Sep 2014, pp. 67-84. (with Ana Fernandes)
- “Factor Intensity, Product Switching, and Productivity: Evidence from Chinese Exporters”, Journal of International Economics, 92(2), Mar 2014, pp. 349-362. (with Yue Ma and Yifan Zhang)
- “International Politics and Import Diversification”, Journal of Law and Economics, 56(4), Nov 2013, pp. 1091-1121. (with Sergey Mityakov and Kevin Tsui)
- “Determinants of Vertical Integration in Export Processing: Theory and Evidence from China”, Journal of Development Economics, 99(2), Nov 2012, pp. 396-414. (with Ana Fernandes)
- “Labor Market Institutions, Firm-specific Skills, and Trade Patterns”, Journal of International Economics, 87(2), Jul 2012, pp. 337-351.
- MAS Term Professor in Economics and Finance, 2024
- APEC Study Center Financial Support from the HKSAR Government, PI, HKD 2,500,000, 2022-2027
- HKU Knowledge Exchange Grant, PI, HKD 497,000, 2023
- Hong Kong RGC Grant, Co-PI, HKD 418,975, 2022-2024
- Committee of 100 Next Generation Leader, 2018
- Richard Paul Richman Center for Business, Law, and Public Policy Grant, Columbia University, Co-PI, USD 14,500.
- Social Sciences and Humanities Research Council (SSHRC) of Canada Insight Grant, Co-Investigator, CAD 78,736
- Student-Elected Best Professor of the Master of International Econ and Finance Program, JHU SAIS, 2016-2017
- Alcoa Foundation Grant, Co-PI, USD 500,000, 2016-2019
- Hong Kong RGC Grant, Co-PI, HKD 364,378, 2017-2019
- Outstanding Referee Journal of International Economics, 2014-2017.
- Hong Kong RGC Grant, Co-PI, HKD 336,462, 2011-2013
- The Nuffield Foundation Social Science Grant, SGS/36581, Co-PI, £12,000, 2009-2011
- MIT Presidential Fellowship, 2002-2003
- Member, Process Review Panel for the Mandatory Provident Fund Schemes Authority, HKSAR, 2025 –
- Member, Land and Development Advisory Committee, HKSAR, 2024 –
- Member, Council of Advisers for Monetary Research, HKIMR, 2024 –
- Member, Project Lift, Hong Kong Jockey Club, 2024 –
- Securities and Futures Appeals Tribunal of the HKSAR government, member, 2023 –
- Panel of Arbitrators of the Labour Relations Ordinance, HKSAR, member, 2023 –
- Insurance Authority in Hong Kong SAR, Member of the Industry Advisory Committee, 2022 –
- Telecommunications Appeal Board of the HKSAR Government, Member, 2022 –
- Currency Board Sub-Committee of the HKMA Exchange Fund Advisory Committee, Member, 2021-
- Minimum Wage Commission in Hong Kong SAR, Member, 2021 –
- Pacific Economic Review, Managing Editor, 2022 –
- Journal of International Economics, Associate Editor, 2019 – 2022
- China Economic Review, Associate Editor, 2018 –
- Journal of Comparative Economics, Associate Editor, 2017 – 2023
- China Economics Summer Institute, Academic Committee Member, 2017 –
- International Finance Corporation (IFC), Consultant, 2017 –
- United Nations Industrial Development Organization, Consultant, 2016 – 2017
- Asian Development Bank, Consultant, 2016 – 2017
- IMF, Research Department, Visiting Scholar, 2015 – 2016
- World Bank, Consultant, 2013 – 2017
- Jul 2025: Made by Hong Kong: Strategies for New Industrialisation
- Jan 2024: Hong Kong AI Industry Development Study
- Jul 2023: IP Commercialization: A Boost for Hong Kong Re-Industrialization Strategy
- Jan 2022: Reindustrialization Study – Hong Kong
港大經管學院副院長鄧希煒教授近日接受多家媒體訪談時表示,縱觀全球債務佔GDP比率,香港目前發債與GDP比率屬健康水平。只要適當管控風險,使債務不超過GDP佔比20%,風險仍然可控。
早前,港大經管學院副院長鄧希煒教授接受經濟日報專訪時指出,中小企在出海過程中往往面臨三大核心痛點:缺乏具備國際經驗的頂尖人才、受內地外匯管制影響導致資金跨境受限,以及難以在當地尋找合適的上下游合作夥伴以重構產業鏈。
香港是一個高度發達的經濟體,其本地生產總值(GDP)近94% 均來源於服務業。然而,在現時的服務業結構下,存在一個「二元結構陷阱」:一方面是就業機會稀缺的高附加值行業;另一方面則是附加值較低的大眾行業。
港大經管學院副院長鄧希煒教授接受電視採訪時則表示,「夜間消費券」對振興經濟屬治標不治本。
當前中國經濟正處於深度轉型期。 儘管擁有14億人口的內需潛力,但房地產調整引發的財富效應收縮、居民高儲蓄率(2024年超過43%)與消費信心不足制約內需釋放。 同時,部分高端製造領域供強需弱,國內市場「內卷」加劇。
港大經管學院副院長鄧希煒認為本港應先行聚焦推動文化產業及生命科技的IP發展,又預期隨著美國進一步減息以及更多內地企業「出海」,本港的貿易融資可望扭轉跌勢。
反內捲在於把競爭重心從成本轉向標準,從價格轉向質量;把產能的增長轉化為品牌與制度的輸出,將企業的成長與在地社會的進步聯繫在一起。香港所能貢獻的,正是一種制度化的想像力,讓中企出海,不僅能跨過關稅與港口,也能跨過信任與治理的門檻。當這座城市在規則、資本與生態之間形成合力,從超級聯繫人升級為超級增值人,便是水到渠成的事情。
近日,在星島新聞集團舉辦的「中國宏觀經濟暨大灣區融合論壇2025」中,香港大學協理副校長兼港大經管學院副院長鄧希煒教授及港大經管學院教授、特首政策組研究策略專家組成員毛振華教授就中國企業出海戰略佈局發表見解。




