媒體報導

Chen Zhiwu, chair professor of finance at the University of Hong Kong, compared China’s new housing strategy to the way Beijing uses its so-called “national team” of state funds to buy equities to try to prop up the depressed stock market. Such efforts have often failed to sustainably bolster the market. Using government money to buy up distressed real estate would be no different, he said, given the country’s demographic challenges and supply glut. Government interventions could also raise uncomfortable questions about social fairness, he said. Buying properties from existing homeowners or developers when the market is weak would amount to using national resources to subsidize owners who have the flexibility to sell, when others don’t, he said. “It turns into an issue of wealth distribution,” he said. “Not everyone in China owns multiple apartments, nor are they ready to sell.”

近10年來，香港一直面對分間樓宇單位（俗稱「劏房」）激增的困局。窮等人家蝸居在擁擠不堪的非人居住環境，此等影像令人心痛，亦有損香港聲譽。

Chen Zhiwu, chair professor of finance at the University of Hong Kong, said “The biggest deflation factor is the high sense of insecurity among businesspeople, private firms and officials”. He said “No one feels really secure about tomorrow.”

經過兩次大戰的生靈塗炭，歐洲人終於化干戈為玉帛，把精力用在經濟合作，一來有利於發展經濟，二來防止再度戰爭。數十年來，歐洲的經濟整合緩慢但穩步發展，從五十年代只有6個成員的歐洲共同市場，發展到今天27個成員的歐盟，而合作的內容，從開始時的煤炭和鋼鐵，到今天20個成員共用的歐羅。

自1983年起，香港一直實施與美元掛的聯繫匯率制度（聯匯制度）。在這40年間，制度運行穩定，順利應對了多次重大挑戰，如1997至1998年的亞洲金融危機和2007至2008年的全球金融危機等。值此制度40周年之際，本文將探討在新的國際經濟形勢下聯匯制度的現狀與發展。基於最新國際經濟學研究成果，通過量化指標，分析不同匯率制度對香港的利弊。

根據環境保護署公布的2022年香港固體廢物監察報告，本港每天人均垃圾產量為1.51公斤，不僅高於台灣台北的0.37公斤【註1】和日本東京的0.89公斤【註2】，也沒有達到特區政府2013年提出的10年減廢目標（0.8公斤以下）。作為應對措施之一，政府計劃今年8月1日全面實行城市固體垃圾按量徵費。

環境、社會及管治（Environmental, Social, and Governance，簡稱ESG）近年好似雨後春筍般，已經無處不在。當眾人還分不清這3個字母順序的時候，ESG早已牽動無數跨國公司的重大決策，也深刻影響各國政府的監管決定。

The “Thought Leadership Conference Series: The Future of Hong Kong Economy” concluded successfully on 18 January. Professor Hongbin Cai, Dean and Chair of Economics of HKU Business School, has emphasized the school's dedication to conducting economic policy research for many years, with the aim of contributing to the sustainable development of Hong Kong's economy. To shape a better future for Hong Kong, society needs to focus on vision, policies, housing, and land. This year's Green Paper and conference have achieved remarkable results, receiving enthusiastic feedback from participants and affirming their value and impact.

Chen Zhiwu, chair professor of finance at the University of Hong Kong, said restoring confidence would be key, but that it would take much more than just talk. “The really useful and meaningful way to boost household and private business confidence is to depoliticise both economic policymaking and the business sector,” he said. “Otherwise, the ‘3D’ challenges – deflation, debt and deleveraging – will continue.”