Author: Y. F. Luk
Publisher: Routledge
ISBN: 0429717377
Category : Business & Economics
Languages : en
Pages : 79
Book Description
SIGNIFICANT ISSUES SERIES papers are written for and published by the Center for Strategic and International Studies. The series will present the insights of prominent East Asian analysts and draw conclusions about complementarities or divergences that may exist. Those insights, in tum, will serve in the aggregate as the basis for a richer, cross-
Hong Kong's Economic And Financial Future
Author: Y. F. Luk
Publisher: Routledge
ISBN: 0429717377
Category : Business & Economics
Languages : en
Pages : 79
Book Description
SIGNIFICANT ISSUES SERIES papers are written for and published by the Center for Strategic and International Studies. The series will present the insights of prominent East Asian analysts and draw conclusions about complementarities or divergences that may exist. Those insights, in tum, will serve in the aggregate as the basis for a richer, cross-
Publisher: Routledge
ISBN: 0429717377
Category : Business & Economics
Languages : en
Pages : 79
Book Description
SIGNIFICANT ISSUES SERIES papers are written for and published by the Center for Strategic and International Studies. The series will present the insights of prominent East Asian analysts and draw conclusions about complementarities or divergences that may exist. Those insights, in tum, will serve in the aggregate as the basis for a richer, cross-
Hong Kong's Global Financial Centre and China's Development
Author: Yan-leung Cheung
Publisher: Taylor & Francis
ISBN: 1317284771
Category : Social Science
Languages : en
Pages : 154
Book Description
This book provides an overview of Hong Kong’s role as an international financial centre, focusing especially on how Hong Kong has contributed significantly, and continues to contribute significantly, to China’s economic development. It considers the importance of Hong Kong’s stock market in raising finance for Chinese companies, explores the potential of Hong Kong as an offshore financial centre, and discusses recent regulatory reforms. It concludes by assessing the prospects for Hong Kong’s continuing success as a global financial centre, and puts forward recommendations for policies which would help secure continuing success.
Publisher: Taylor & Francis
ISBN: 1317284771
Category : Social Science
Languages : en
Pages : 154
Book Description
This book provides an overview of Hong Kong’s role as an international financial centre, focusing especially on how Hong Kong has contributed significantly, and continues to contribute significantly, to China’s economic development. It considers the importance of Hong Kong’s stock market in raising finance for Chinese companies, explores the potential of Hong Kong as an offshore financial centre, and discusses recent regulatory reforms. It concludes by assessing the prospects for Hong Kong’s continuing success as a global financial centre, and puts forward recommendations for policies which would help secure continuing success.
Hong Kong, Economic Growth and Policy
Author: A. J. Youngson
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 192
Book Description
Reference book on economic growth, economic policy and social policy trends from 1960 to 1980 in Hong Kong - covers economic structure, industrial policy, exports, land and housing policy, social development, national budget surpluses, public finance and issues relating to laissez-faire policies. Diagrams, graphs, photographs and references.
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 192
Book Description
Reference book on economic growth, economic policy and social policy trends from 1960 to 1980 in Hong Kong - covers economic structure, industrial policy, exports, land and housing policy, social development, national budget surpluses, public finance and issues relating to laissez-faire policies. Diagrams, graphs, photographs and references.
The Future of Hong Kong
The Asian Financial Crisis and the Ordeal of Hong Kong
Author: Y. C. Jao
Publisher: Bloomsbury Publishing USA
ISBN: 0313000751
Category : Business & Economics
Languages : en
Pages : 245
Book Description
Victim, not instigator of the Asian Financial Crisis, Hong Kong was the only economy that succeeded in defending its fully convertible currency, indeed its entire financial system, against speculators, but the price it paid for success has been deep recession. Jao gives an objective, even-handed account and analysis. Without political or ideological preconsiderations he shows how Hong Kong authorities handled their intervention in the equity market in August 1998. Explaining the conventional wisdom that no fixed exchange rate regime can hold out for long against massive speculation. He goes further to show that Hong Kong contributed not only to the eventual easing of the AFC, but to economic stability throughout Asia as well. Jao opens with a discussion of the nature, causes, and consequences of the AFC. After an overview of Hong Kong's economic and financial fundamentals on the eve of the crisis, he examines the impact it had up close. He examines the massive speculation against the Hong Kong dollar, explaining why speculators were defeated. The AFC's impact on the assets market are also explored. He also analyzes the impact on the financial sector and the real economy. Jao studies and answers two hard questions: why was the economic downturn so severe and why was the territory initially a laggard in economic recovery? He then takes up China's role, and presents an objective, balanced view of Hong Kong's money and finance under Chinese sovereignty, followed by a discussion of how China herself coped with the AFC. The book concludes with an in-depth discussion of the lessons the AFC has taught us and the author's reflections on post-AFC issues.
Publisher: Bloomsbury Publishing USA
ISBN: 0313000751
Category : Business & Economics
Languages : en
Pages : 245
Book Description
Victim, not instigator of the Asian Financial Crisis, Hong Kong was the only economy that succeeded in defending its fully convertible currency, indeed its entire financial system, against speculators, but the price it paid for success has been deep recession. Jao gives an objective, even-handed account and analysis. Without political or ideological preconsiderations he shows how Hong Kong authorities handled their intervention in the equity market in August 1998. Explaining the conventional wisdom that no fixed exchange rate regime can hold out for long against massive speculation. He goes further to show that Hong Kong contributed not only to the eventual easing of the AFC, but to economic stability throughout Asia as well. Jao opens with a discussion of the nature, causes, and consequences of the AFC. After an overview of Hong Kong's economic and financial fundamentals on the eve of the crisis, he examines the impact it had up close. He examines the massive speculation against the Hong Kong dollar, explaining why speculators were defeated. The AFC's impact on the assets market are also explored. He also analyzes the impact on the financial sector and the real economy. Jao studies and answers two hard questions: why was the economic downturn so severe and why was the territory initially a laggard in economic recovery? He then takes up China's role, and presents an objective, balanced view of Hong Kong's money and finance under Chinese sovereignty, followed by a discussion of how China herself coped with the AFC. The book concludes with an in-depth discussion of the lessons the AFC has taught us and the author's reflections on post-AFC issues.
Trade, Industrial Restructuring, and Development in Hong Kong
Author: Yin-ping Ho
Publisher:
ISBN:
Category : China
Languages : en
Pages : 328
Book Description
In just about 40 years, Hong Kong has, against all odds, developed from a relatively obscure entrepot into a thriving industrial and financial economy of world renown. While such a complete metamorphosis constitutes an intriguing story, what of its future? Challenges of creeping, if not steadily proliferating, mercantilist forces and changing international division of labor aside, the capitalist city-economy of Hong Kong is now facing the problem of changing governance. The future of Hong Kong and its post-1997 destiny as a free-market economy hang in the balance. Focusing on relationships concerning trade in manufactures, industrial restructuring and economic development and enforced by a rich source of data, this book offers an in-depth examination of the evolution and characteristics of Hong Kong's postwar economy. This book presents a historical and comparative perspective, and analyzes the symbiotic connection with South China in the light of China's open-door policy since the late 1970s, as well as providing a thoughtful assessment of its current turning-point. Despite its emphasis on the economy of Hong Kong this book has a broader objective: to contribute to the debate on alternative paths to growth and industrial restructuring in the context of a limited dirigisme, a debate particularly relevant not only to academics in the realm of development economics but also to government economists and other officials concerned with looking for growth lessons and development strategies.
Publisher:
ISBN:
Category : China
Languages : en
Pages : 328
Book Description
In just about 40 years, Hong Kong has, against all odds, developed from a relatively obscure entrepot into a thriving industrial and financial economy of world renown. While such a complete metamorphosis constitutes an intriguing story, what of its future? Challenges of creeping, if not steadily proliferating, mercantilist forces and changing international division of labor aside, the capitalist city-economy of Hong Kong is now facing the problem of changing governance. The future of Hong Kong and its post-1997 destiny as a free-market economy hang in the balance. Focusing on relationships concerning trade in manufactures, industrial restructuring and economic development and enforced by a rich source of data, this book offers an in-depth examination of the evolution and characteristics of Hong Kong's postwar economy. This book presents a historical and comparative perspective, and analyzes the symbiotic connection with South China in the light of China's open-door policy since the late 1970s, as well as providing a thoughtful assessment of its current turning-point. Despite its emphasis on the economy of Hong Kong this book has a broader objective: to contribute to the debate on alternative paths to growth and industrial restructuring in the context of a limited dirigisme, a debate particularly relevant not only to academics in the realm of development economics but also to government economists and other officials concerned with looking for growth lessons and development strategies.
The Economic Future of Hong Kong
Author:
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 171
Book Description
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 171
Book Description
Intervention to Save Hong Kong
Author: Charles Albert Eric Goodhart
Publisher: Oxford University Press, USA
ISBN: 9780199261109
Category : Business & Economics
Languages : en
Pages : 236
Book Description
By August 1998, the Hong Kong economy had become threatened not only by the natural consequences of the Asian crisis (1997-98), but also by waves of speculation, betting that the authorities would be forced to abandon the linked exchange rate (to the US dollar). When facing previous speculative attacks (starting October 1997), the authorities had followed traditional policies of raising interest rates. But by August 1998, such policies had helped to batter asset markets; property prices and output were falling, and confidence was low. Moreover, the speculators had developed an ingenious 'double play', simultaneously selling both the foreign exchange market and the Hang Seng equity market short; whether the authorities used an interest rate defense, or abandoned the 'link', the speculators would gain either way. So, the authorities decided on a bold, unexpected and unconventional response to reports of a further attack. They would undertake counter-intervention, again both in the equity and foreign exchange markets. This book provides a fascinating story in itself, and insights into what lessons academics and practitioners can learn from the turbulent events of the time.
Publisher: Oxford University Press, USA
ISBN: 9780199261109
Category : Business & Economics
Languages : en
Pages : 236
Book Description
By August 1998, the Hong Kong economy had become threatened not only by the natural consequences of the Asian crisis (1997-98), but also by waves of speculation, betting that the authorities would be forced to abandon the linked exchange rate (to the US dollar). When facing previous speculative attacks (starting October 1997), the authorities had followed traditional policies of raising interest rates. But by August 1998, such policies had helped to batter asset markets; property prices and output were falling, and confidence was low. Moreover, the speculators had developed an ingenious 'double play', simultaneously selling both the foreign exchange market and the Hang Seng equity market short; whether the authorities used an interest rate defense, or abandoned the 'link', the speculators would gain either way. So, the authorities decided on a bold, unexpected and unconventional response to reports of a further attack. They would undertake counter-intervention, again both in the equity and foreign exchange markets. This book provides a fascinating story in itself, and insights into what lessons academics and practitioners can learn from the turbulent events of the time.
City on the Rocks
Author: Kevin Rafferty
Publisher: Viking Adult
ISBN:
Category : History
Languages : en
Pages : 552
Book Description
Explores Hong Kong's history and culture in detail, profiling the powers behind Hong Kong's business and political worlds.
Publisher: Viking Adult
ISBN:
Category : History
Languages : en
Pages : 552
Book Description
Explores Hong Kong's history and culture in detail, profiling the powers behind Hong Kong's business and political worlds.
The Financial Markets of Hong Kong
Author: Andrew F. Freris
Publisher: Routledge
ISBN: 9780415020794
Category : Business & Economics
Languages : en
Pages : 264
Book Description
Publisher: Routledge
ISBN: 9780415020794
Category : Business & Economics
Languages : en
Pages : 264
Book Description