Money Magazine- HKMC / Policy Address
Does the Hong Kong government have a Freddie Mac or Fannie Mae in the making? The Hong Kong Mortgage Corporation Limited was formed in 1997 to loan money to people who needed more than 70% of a property’s price that banks could lend them. The HKMC also bought mortgages fromContinue reading>
Submission for Response to the Bills Committee on Minimum Wage Bill
Honourable TAM Yiu-chung, GBS, JPAttn: Clerk to Bills Committee, Kiwi NGLegislative Council Secretariat3/F Citibank Tower3 Garden RoadCentral Hong Kongpsng@legco.gov.hkSeptember 15, 2009By E-mail: psng@legco.gov.hk Re: Response to the Bills Committee on Minimum Wage Bill LC Paper No. CB(2)2571/08-09(13) Dear Sir/Madam, The Lion Rock Institute strongly opposes plans to introduce a minimumContinue reading>
How Not to Solve a Crisis
How Not to Solve a Crisis by Bill Stacey and Julian Morris For over a year, financial markets have been in turmoil. Banks have been refusing to lend to one another. Companies and individuals have found it increasingly difficult to borrow money. Investors and pension holders have seen the valueContinue reading>
Submission for Consultation regarding the Review of the Urban Renewal Strategy
Hon LAU Wong-fatChairmanPanel on DevelopmentLegislative CouncilHong Kong Special Administrative Regionc/o Legislative Council Secretariat Submission to the Legislative CouncilPanel on DevelopmentRegarding the Review of the Urban Renewal StrategyFriday April 3rd, 2009 CB(1)1240/08-09(05) The Lion Rock Institute (LRI) appreciates the opportunity to comment on the Urban Renewal Strategy (URS). The Lion RockContinue reading>
Submission for Consultation regarding the Update on the Film Development Fund
Hon Andrew LEUNG Kwan-yuenChairmanPanel on Information Technology and BroadcastingLegislative CouncilHong Kong Special Administrative Regionc/o Legislative Council Secretariat Submission to the Legislative CouncilInformation Technology and Broadcasting PanelRegarding the Update on the Film Development FundFriday April 2nd, 2009 LC Paper No. CB(1)1224/08-09(02)(English version only) The Lion Rock Institute (LRI) appreciates the opportunityContinue reading>
Rudd's red rag to reformed China
Dan Ryan (The Australian, 3 December 2009) An abridged version of the notorious The Monthly article in which Kevin Rudd blames the financial crisis on neo-liberalism has just appeared in The South China Morning Post, raising eyebrows and questions in Hong Kong. In particular, what exactly was Rudd trying toContinue reading>
YES WE HAVE! Hong Kong’s Competition Law Has Been Delayed
YES WE HAVE! Hong Kong’s Competition Law Has Been Delayed HONG KONG – The Lion Rock Institute is pleased to announce that on February 27th, in the House Committee of the Legislative Council, the administration confirmed that the competition law will be postponed due to “technical issues.” This is aContinue reading>
Report: Property rights linked to economic security
3rd Annual International Property Rights Index (IPRI) Index of 115 countries measures connection between private property rights and wealth “Property rights are human rights.” – Armen Alchian In order to incorporate and grasp the important aspects related to property rights protection, the 2009 IPRI focuses on threeContinue reading>
Submission for public facilities in private developments
To: Panel on DevelopmentRe: Submission of The Lion Rock Institute for public facilities in private developmentsDate: 9 February 2009 CB(1)761/08-09(10) PurposeThe Lion Rock Institute fully supports measures to further define the scope of public accessibility to public facilities in private developments. For the futureThe transparency and public accessibility to publicContinue reading>