1. Introduction According to the World Economic Forum’s Global Risks Report (2024), three key climate issues have been identified as critical challenges facing humanity: extreme weather events, critical change to earth systems, and biodiversity loss and ecosystem collapse. The current warming of 1.44°C, compared to pre-industrial times, is already causing disruptive global economic impacts (NASA, […]

Technological and organizational change (T&O) is widely regarded as a key driver behind the decreasing employment share of routine jobs, which typically involve repetitive and prescribed tasks. However, the disappearance of routine jobs does not automatically mean workers in these roles will exit employment and suffer earnings losses—although this scenario often dominates the popular public debate. Even if their current positions are eliminated due to T&O, they may transition to other roles that align with and complement the changes brought about by T&O, either within the same company or at different organizations. Michele Battisti, Christian Dustmann, and Uta Schönberg (2023)

As an international financial center, Hong Kong has long played a significant role in global capital markets. However, in recent years, its stock market has faced a series of challenges, including declining market liquidity, a slowdown in the IPO market, and an outflow of foreign capital. Drawing on the latest data and academic research, we […]

Ningxia has emerged as a key wine production region in China, contributing nearly half of the country’s total output. The wineries here not only stimulate local economic growth but also lead in Environmental, Social, and Governance (ESG) initiatives, promoting sustainable agriculture, biodiversity, and cultural preservation.

Entrepreneurship has always been in Hong Kong’s DNA.  From its early days as a trading port to its rise as a manufacturing and global financial center, the city has spawned “startups” that went on to become regional and global powerhouses. 

Did you know that blaming others can be just as contagious as a cold? Psychological research has shown that when participants read about political failures, they are more likely to blame others, especially if they see politicians attributing their failures to outside interests. Similarly, when management easily blames employees, it sets a precedent, leading to a culture of blame within the organisation.

Many governments around the world are struggling with below-replacement fertility rates. Recent efforts to increase birth rates have produced disappointing outcomes, which contrast sharply with the success of anti-fertility policies implemented in the past. Is it systematically more difficult to raise fertility than to reduce it? If so, what are the micro foundations and the macro implications of this phenomenon? Zhou A, Pang C, Engle S. (2024) provides a comprehensive analysis of this issue.

With Trump’s recent victory in the U.S. presidential election, the new administration is set to appoint a fresh slate of department heads. However, the position of Federal Reserve Chair Jerome Powell will remain unchanged. Despite being Trump’s nominee, Powell has often found himself at odds with the President, particularly over interest rate hikes, which Trump has publicly criticized.