Trading has long been a cornerstone of Hong Kong’s economy, sustained by the city’s role as a bridge between the Chinese Mainland and the rest of the world. Any comprehensive discussion of Hong Kong’s economic development should address the evolution of its trading sector, and, by extension, the trade finance mechanisms that enable it. Trade […]

In retrospect, over the past five years, the global automobile industry has undergone dramatic changes in its first half, during which “energy defines the car” was the theme of competition, i.e. a race in battery technology and driving range.

Large language models are increasingly permeating core domains such as knowledge production, business analysis, legal consulting, and medical decision-making. A problem that was once often regarded as a mere technical flaw is rapidly becoming a new focal point in the global technology race: the “hallucination” of large language models—namely, the tendency of a model, when lacking any factual basis, to still produce highly “confident,” fluent, yet false answers.

In last week’s column, I did an in-depth analysis of the structural contradictions confronting Hong Kong’s electric vehicle (EV) charging market: acute scarcity of land and limitations in power capacity. Pursuing extensive growth by simply “piling up hardware” is decidedly ill-advised.

Electric vehicle (EV) charging technology is in a phase of rapid iterative development. Early alternating current (AC) slow charging is already on the way out, while direct current (DC) fast charging standards have become an entry-level feature.

In this study, the researchers explored how competition intensity in the market for public services affected the reward practices of managers. Financial and nonfinancial rewards were considered and the following choices were examined when managers faced intensifying competition…

Cybersecurity incidents pose a significant business risk to modern companies. Consequently, regulators have increasingly mandated prompt disclosures regarding cybersecurity incidents to facilitate timely and effective external monitoring of cybersecurity risk. For instance, the European Cyber Resilience Act (CRA), adopted in 2023, requires software publishers to report any unaddressed security vulnerabilities within 24 hours of their discovery.

This study examined the effect of credit information sharing on corporate innovation. Although innovation is important for firm growth, these activities tend to have highly uncertain payoffs. Obtaining financing for such activities is constrained by frictions that arise from capital providers’ concern that information asymmetry can lead to adverse selection and moral hazard. Debt providers may also be unwilling to finance innovation due to the asymmetric payoff function, the difficulty of securing loans using innovation outputs, and borrowers’ potential risk-shifting.