美元相對於其他貨幣迅速升值是當前全球經濟的焦點。上星期英國的「迷你財政預算」（mini budget）導致英鎊大幅貶值和波動，更增加了市場對主要貨幣滙率的關注。隨着聯儲局在3月開始加息周期及美元走強，早已有論者提及「反向貨幣戰爭」（reverse currency war）的來臨。

近日香港新冠疫情回穩，特區政府於9月26日開始放寬入境檢疫安排，把實施一個多月以來的「3+4」門檻下調至「0+3」，亦即抵港人士毋須接受強制檢疫，只須進行3天醫學監察。顯而易見，此舉旨在掌控疫情、保障市民健康的大前提之下，盡量擴大香港連接國際的空間，讓經濟有序地重拾正軌，社會得以脫離困境。

The city must be willing to imagine a future metropolis that would be home to a population of 10 million inhabitants in the next 25 years with valuable talents and competencies. The city should seek to attract more talents. A metropolis of 10 million means attracting 100,000 per year for the next 25 years – a small challenge when compared to the experience of accommodating 372,000 per annum in the period 1945-50. A bigger and greater metropolis would add to the vibrancy and dynamism of the city’s economy that it deserves and China should have.

近年美國民意兩極化，許多社會重大問題如槍械管制、墮胎等難以化解。民眾的分歧，本該以少數服從多數的原則，在國會通過立法來解決，但這一原則常常無法奏效。少數派的拿手絕活是「拉布」，亦即通過長時間發言、討論，阻止對某項法案投票以至法案的通過。從古羅馬到當今各國議會，包括香港特區立法會的不同黨派，都使用過這種手段。美國國會參眾兩院則只有參議院可以拉布，這自然成為法案通過的重要關卡。

With its strong rule of law, robust financial infrastructure, and resilient capital market, Hong Kong has long been regarded as an international financial centre (IFC). Even so, Hong Kong faces significant challenges in maintaining its IFC status.

Abstract: The COVID-19 pandemic, Russia-Ukraine conflict, and superpower rivalry has brought a new round of setbacks in global trade and financial links. As a result, Hong Kong’s growth momentum in trade and finance is likely to remain compromised. This paper argues that Hong Kong has a comparative advantage in developing the innovation and technology (I&T) […]

For decades, Hong Kong has played an important role as an economic and financial gateway between Mainland China and the rest of the world. However, the ongoing deglobalisation trend, partly accelerated by geopolitical tensions and the COVID-19 pandemic, has posed significant challenges to the city’s role as a trade and financial intermediary. Moreover, despite the […]

The G20 finance ministers and central bank governors acknowledged last year that a carbon price is one of the important tools for tackling climate risks. Hong Kong’s green finance and carbon trading developments are about a decade behind other mature financial economies such as Europe.