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Onshores not willing or able to compete – just like in any game – start playing dirty. The media has well covered the significant negative publicity that Offshore Financial Centres (OFCs or offshores) have received. The Dark Knight’s shooting in Hong Kong is one example where the SAR features asContinue reading>

The Runaway Train that is the XRL Express Rail Link Awaiting the Runaway Train… At a cost of HK$ 63.2 billion (which was HK$ 35.4 billion only a year ago, and expected to increase before completion), the Hong Kong portion of the Express Rail Link, covering a distance of 26Continue reading>

If policy engineered with careful design actually worked, we’d be living in utopia In an oped to the public recently, Secretary of Labour and Welfare Matthew Cheung cited that Minimum Wage was a safe policy because of “careful design,” saying that the “possible economic downside of a Statutory Minimum WageContinue reading>

Pierre Gave reviews Prisoner of the State: The Secret Journal of Premier Zhao Ziyang Plain clothes officers often carry umbrellas in Tiananmen Square to block reporters’ cameras from view. Bao Pu, one of the editors of Prisoner of the State, is the son of Bao Tong, a former aide toContinue reading>

Eamonn Butler is interviewed on his most recent book, The Rotten State of Britain The way to grow poor, the way to grow rich. By his own admission, Eamonn Butler spent several fruitless years trying to generate enthusiasm from publishers for his book chronicling what he perceives as our nation’sContinue reading>

Dr. Khalil Ahmad on semantics aren’t FTAs only challenge – there’s a ways to go before trade is truly free There are many opportunities and challenges to be found within Regional Free Trade Areas. Various issues highlight points of Free Trade Agreements that negate the very concept of Free Trade.Continue reading>

Wallace Chan expands on Hong Kong’s highest level of economic freedom in Economic Freedom of the World: 2009 Annual Report Economic freedom is the key building block of the most prosperous nations. Hong Kong continues its reign as the most economically free region on the globe, as it once againContinue reading>

Arnold King argues that mortgage securitization should be allowed to die in order to keep taxpayers from inheriting more risk The Humpty-Dumpty of mortgage securitization. Like Humpty-Dumpty, mortgage securitization has taken a big fall. There is a widespread presumption that government policy, if not all the king’s horses and allContinue reading>

Andrew P. Morriss dispels the bad reputation that onshore governments have given offshore financial centres and warns that in efforts to resist competition, onshores risk further damaging their economies Demonstrators react to onshore politicians blaming offshore financial centres for “contributing to the crisis” and calling for regulatorymeasures to limit offshores’Continue reading>