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Should Hong Kong Maintain A Linked Exchange Rate System?, Hoi Yin Tsoi
Should Hong Kong Maintain A Linked Exchange Rate System?, Hoi Yin Tsoi
Lingnan Journal of Banking, Finance and Economics
The linked exchange rate was implemented in 1983. This paper finds that over these 32 years, this system did bring lots of benefits to Hong Kong. Nevertheless, as Hong Kong is a vastly different place now relative to what it was 32 years ago, the costs for the adoption of the link outweigh the benefits so this system is no longer suitable for Hong Kong. It is suggested that in order to serve the best interest of Hong Kong, it should not maintain the linked exchange rate system and should switch to the managed floating exchange rate system.
How Can Saving Deposit Rate And Hang Seng Index Affect Housing Prices : An Empirical Study In Hong Kong Market, Tao Tang
Lingnan Journal of Banking, Finance and Economics
The main objective of this paper is to examine the impact of savings deposit rate and Hang Seng index on real estate prices in Hong Kong Market. Two different periods are chosen to conduct this research: one period is the deflationary time, from 1998 to 2003, and the other is the reviving economical time from 2004 to 2007. The aim of this research is to examine the influences of these variables in different economic conditions, and find out whether there are any causal effects amongst them.
The Benefits Of Introducing A Housing Price Index Future In Hong Kong, Yingsi Feng
The Benefits Of Introducing A Housing Price Index Future In Hong Kong, Yingsi Feng
Lingnan Journal of Banking, Finance and Economics
It is widely recognized and accepted that, financial innovation such as options and futures can help to manage risk, speculate, arbitrage and discover price in financial markets. As such, the researcher believes that the introduction of a Housing Price Index Futures in Hong Kong can greatly improve the investment environment in Hong Kong‟s property market. Therefore, the purpose of this paper is to perform a feasibility study of the proposed Housing Price Index Futures in Hong Kong financial Market, to reveal the crucial need of this innovation for the betterment of the real estate market in Hong Kong, and the …
Analysis Of Hong Kong To Be An Offshore Financial Center Of Rmb, Qichao Song
Analysis Of Hong Kong To Be An Offshore Financial Center Of Rmb, Qichao Song
Lingnan Journal of Banking, Finance and Economics
In this article we aim to discuss the possibility and feasibility as well as the disadvantages and barriers for Hong Kong to be an offshore financial center of RMB. As the most biggest financial center in China, Hong Kong need to develop the RMB business for strengthening its position in the international competition. And we think that to become an RMB offshore financial center is not only an opportunity but also a responsibility for Hong Kong. We also give some suggestions on this issue.