This article examines the regulatory approaches of Hong Kong and the United Kingdom (UK) towards cryptocurrencies, highlighting their distinct regulatory philosophies and frameworks. Hong Kong has adopted a comprehensive and proactive regulatory approach, creating a dual-licensing regime for...

Hong Kong SAR is facing ongoing challenges from climate change, with projections indicating that these issues will remain prevalent or even intensify in the future. In response, Hong Kong SAR has embraced a comprehensive three-pronged climate strategy-the Climate Action Plan 2050-that focuses on...

Hong Kong SAR's corporate sector vulnerabilities appear manageable but have increased in recent years. Local non-real estate firms have seen weakening profitability and lower debt-servicing capacity, reflecting pandemic scarring effects and higher funding costs driven by the hiking cycle of U.S....

Hong Kong SAR's significant demographic pressures will create fiscal challenges for the authorities. Fiscal expenditure pressures from population aging have already been rising rapidly for over a decade and are expected to increase significantly in coming years, even without factoring in the...

Green innovation is a costly and risky process that enables firms to improve their energy efficiency and maintain sustainable growth. In this study, we investigate whether cross-listing shares in developed markets encourages firms from developing markets to engage in green innovation. By...

Digital assets and distributed ledger technology have developed along different paths in China and Hong Kong. China has trialled central bank digital currencies but has since introduced strict regulations on cryptocurrencies, whereas Hong Kong's approach has been more open and inclusive toward...

Hong Kong SAR's economy is on a path of gradual but uneven recovery following a protracted period of shocks. While the unemployment rate has declined to historical lows, employment loss has been sizable and domestic demand has remained weak amid tight financial conditions and property market...

Purpose - This paper takes the Shanghai-Shenzhen-Hong Kong Stock Connect as a quasi-natural experiment and investigates the impact of capital market liberalization on the corporate debt maturity structure. It also aims to provide some policy implications for corporate debt financing and further...

Road ratio, representing the proportion of roads in the street view, exerts varying degrees of visual influence on the mental well-being of residents. In our study, we surveyed the psychological conditions of 2,636 Hong Kong residents across four periods: before, during, and after the pandemic....

Safety perception is widely considered a fundamental aspect of urban life, which significantly influences citizens' well-being and quality of life as well as having crucial impact on the nighttime economy. However, there is a scarcity of understanding of nighttime safety despite the fast-growing...

Building on the dynamic capability perspective, this study investigates effective digitalization and digital transformation strategies in the tech industry by highlighting the relevance of the digital divide among developed and developing economies. Further, the study identifies the key...

This study uses time series regression models and dynamic panel models of five-class housing to investigate the dynamics of the housing price-vacancy relationship in Hong Kong, offering insights distinct from previous cross-sectional analyses that take new housing completions as a supply proxy,...

We examine stakeholders' comment letters regarding the Hong Kong Exchange's (HKEX) 2015 Consultation Paper, which proposed mandating ESG reporting in Hong Kong. We test for significant differences in responses between stakeholder groups and whether the HKEX's decision was consistent with...

Weisen allgemeine Antimissbrauchsvorschriften verschiedener Steuersysteme trotz unterschiedlicher Ausgestaltung mehr Ähnlichkeiten auf als es zunächst scheint? Um diese Frage zu beantworten, befasst sich die Autorin in ihrer Arbeit mit dem Recht Hongkongs, Singapurs und der Volksrepublik China...

Given that lands became increasingly expensive for governments to meet open space standards, there emerged a growing trend towards private sector involvement public open space provision. This collaboration has given rise to public open spaces in private developments (POSPD), characterised by...

Real estate developers face significant risks in managing new developments, and presale contracts are commonly used to shift these risks to buyers. We develop a theoretical model to show that presale prices are an increasing function of time and that earlier presales are associated with greater...

Background: Routinely collected health data are increasingly used for clinical or epidemiological research. However, no study has systematically reviewed the temporal trends of the number of publications, databases, characteristics of study cohorts, methodology, outcomes, data governance,...

In this study, we analyzed the innovation policy pathways utilized Hong Kong to enable sustainable energy transitions, in comparison to eleven other small, high-income economic peers. We identified and classified 696 relevant policy interventions in 12 countries between 2008 and 2020, and we...

We employ the Shanghai-Hong Kong Connect and the Shenzhen- Hong Kong Connect (hereafter, the Connects) as exogenous shocks to the liberalization of China’s A-share stock market and study how the Connects shape Chinese firms’ ESG policies. The staggered difference-in-differences (DiD)...

The article examines share allocation practices of over 300 initial public offerings (IPOs) in Hong Kong during the years immediately following the enacting of a ‘Claw-Back’ provision for IPO share reallocation. The examination of exhaustive micro-level data reveals that small (uninformed,...

Financially distressed companies are more likely to be rescued as going concerns if they enter into debt restructuring early whilst still high up on the ‘demise curve’. In Hong Kong, early-stage non-consensual debt restructuring is effected via the scheme of arrangement. Yet, despite the...

We use the multi-period DID (difference-in-differences) model and Chinese A-share listed companies from 2009 to 2019 to analyze the relation between the capital market opening and insider trading profitability. We find that capital market opening can significantly inhibit insider trading...

In this paper, we analyze the directional stock price and the index movements over a time series of one week to one month over a lag period data of six months. We attempt to study the asynchronous volatile index movements with the help of statistical methods employing non-parametric as well a...

Innovation plays a crucial role in pursuing long-term economic prosperity. This paper analyses the policies of Singapore and Hong Kong conducive to innovation development and uses specific indicators to illustrate their diverse performances. We find that both cities demonstrate comparable levels...

Starting in 2008, the People’s Bank of China (PBOC) began to grow a global network of central bank swap lines, announcing six in 2008–09 alone. The largest of those lines, in January 2009, was a 200 billion renminbi (RMB; USD 29.2 billion) swap line to the Hong Kong Monetary Authority (HKMA)....

This article considers how private international law in Asia and Hong Kong is developing and should be developed, through both theoretical and practical aspects as evidenced in both research and teaching. It considers what is entailed when speaking of the concept of an “Asian private...

The coronavirus disease 2019 (COVID-19) obstructed the channel, exemplifying the Guangzhou-Shenzhen- Hong Kong High-speed Railway between mainland China and Hong Kong, which has carried out a devastating blow on the short-term rental housing in Hong Kong due to decreasing crossborder visitors....

We arranged for trained undercover men and women to pose as potential clients and visit all 65 local financial advisory firms in Hong Kong, China. At financial planning firms, but not at securities firms, women were more likely than men to receive advice to buy only individual or only local...