... de facto central bank was established in 1993, taking over from Joseph Yam Chi-kwong in 2009 amid the global financial crisis. Stressing that Hong Kong has sound and robust monetary and banking syste ...More
EJ Insight2019-02-22
... . But the central bank is likely to cut market-based rates and further lower banks’ reserve ratios to boost credit growth and reduce firms’ borrowing costs, the report said. “We cannot rule out a (ben ...More
EJ Insight2019-02-22
... that both central and Hong Kong authorities are eager to address their pressing concerns. Article 22 of the Basic Law provides: “For entry into the Hong Kong Special Administrative Region, people from ...More
EJ Insight2019-02-21
... nesday, a central bank official reiterated Li’s comments on prudent monetary policy when interviewed by the Financial News, which is run by the central bank. The official added that the central bank w ...More
EJ Insight2019-02-21
... that the central bank may not yet have ended its three-year campaign to raise interest rates, but has merely put it on an extended pause, Reuters noted. In January the Fed surprised markets by saying ...More
EJ Insight2019-02-21
... that the central leaders have chosen Hong Kong to fulfill this particular role is tantamount to acknowledging the city’s established strength as a place that is governed by the rule of law. As such, ...More
EJ Insight2019-02-20
... from the central government, it is not alone in eyeing talents across China. Guangzhou, Haikou, Dalian, Changhzou and Nanjing have all released similar measures. One should expect more local governme ...More
EJ Insight2019-02-20
The Central-Wan Chai Bypass and Island Eastern Corridor Link (CWB) will be fully open from 7 a.m. on Sunday, about a month after its partial opening, the Hong Kong Economic Journal reports. The full c ...More
EJ Insight2019-02-19
The recent market rally was largely fueled by dovish remarks from Federal Reserve chairman Jerome Powell. The US central bank indicated that it would decide on the roadmap for suspending its program t ...More
EJ Insight2019-02-19
The central government on Monday unveiled the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, laying out a vision to create a world-class city cluster and make it the top- ...More
EJ Insight2019-02-19
... ng of the Central-Wanchai Bypass last month, Secretary for Transport and Housing Frank Chan Fan eventually decided to withdraw the motion. Nonetheless, while the Transport and Housing Bureau has been ...More
EJ Insight2019-02-19
... uding the Central-Wan Chai Bypass which saw its first-stage opening last month and is set to be fully commissioned this coming Sunday. Coroner Wong Wai-kuen said in January that a booklet on tips for ...More
EJ Insight2019-02-18
... at only a central planner would invent, and at the same time ignores and hinders the enormous possibilities of employment, wealth and productivity improvement that it could attract. A wrong regulation ...More
EJ Insight2019-02-18
... exchanged central bank bills can be used for mortgages and collateral in the PBOC’s broader monetary operations. While there are strict rules on the issuance, it is an extremely powerful tool for the ...More
EJ Insight2019-02-18
... lying the central government's hope that it would become one of the nation’s largest private-sector champions. Sadly, things didn’t work out as planned. CMIG missed a deadline on Jan. 29 to redeem a ...More
EJ Insight2019-02-18
... 1-hectare central park – more than two times the size of our Victoria Park – uses purified seawater for the lake. Unlike Lantau Tomorrow Vision, Hong Kong's artificial island proposal which seeks to a ...More
EJ Insight2019-02-18
... opment of central enterprises, and jointly explore ways of deep cooperation including mixed-ownership”, Xiao Yaqing, chairman of the State-Owned Assets Supervision and Administration Commission (SASAC ...More
EJ Insight2019-02-18
... carrying Central Reserve Police Force personnel on Thursday. The Indian government said it had incontrovertible evidence of Pakistan’s involvement in the attack. Islamabad rejected the suggestion it ...More
EJ Insight2019-02-15
The Democratic Party's annual fundraising dinner, which will also mark its 24th anniversary, is scheduled for mid-March. This early, the party’s central committee has decided not to invite Chief Execu ...More
EJ Insight2019-02-15
