Yue Chim Richard Wong 王于漸

Mandatory Provident Fund Needs Urgent Reform

By YueChim Richard On 2015/09/23 · Add Comment · 4,675 views

Housing, Retirement and the Economy – Why Family Savings and Investing in Children Matters

By YueChim Richard On 2013/01/30 · Add Comment · 76,132 views

(This essay was published in Hong Kong Economic Journal on 30 January 2013) Enhancing and protecting family investments in children is central to China’s long-term economic vitality and growth, and to rebalancing its economy away from investment and towards consumption. Important steps in that direction may include reforming divorce laws, repealing the one-child policy, liberalizing banking and financial markets, and supplying more low cost housing using the Singapore approach (not the Hong Kong approach). In Hong Kong and on the mainland, state intervention through marriage laws, government housing programs, financial sector regulations and old age retirement schemes have had an incredibly large detrimental impact on how families save, have children and invest in them. Fortunately the family is fighting to survive for there is no other alternative. The experiences of the Western industrialized economies offer lessons on what to avoid, not embrace as many in Hong Kong think.

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Mandatory Provident Fund Needs Urgent Reform

Housing, Retirement and the Economy – Why Family Savings and Investing in Children Matters

Old Age Living Allowances or Universal Social Pensions

Economic Consequences of Universal Old Age Social Pensions

Can We Afford Old Age Social Security?

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