Yue Chim Richard Wong 王于漸
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Demystifying the Rising Poverty Rate

By admin On 2015/10/28 · Add Comment · 5,544 views
(This essay was published in Hong Kong Economic Journal on 28 October 2015.). . . . the widespread perception of a spectacular rise in poverty rates in the past decade or so is not substantiated. . . . The government’s recurrent cash transfer has done a reasonable job in keeping the poverty rate within bounds. It might have inadvertently provided incentives for more people to drop out of the labor force, and thereby created some of the poverty that society is trying to alleviate.
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Demystifying Hong Kong’s Poverty Rate

By admin On 2015/10/28 · Add Comment · 4,817 views
(This essay was published in South China Morning Post on 28 October 2015.)
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Income, Health and Lifetime Well-being Around the World

By admin On 2015/10/22 · Add Comment · 2,875 views
(This essay was published in Hong Kong Economic Journal on 22 October 2015.). . . . . using income as the only yardstick of welfare is incomplete and could be misleading for our understanding and for policy design to tackle poverty or inequality.
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Good Life Not For Sale

By admin On 2015/10/21 · Add Comment · 2,593 views
(This essay was published in South China Morning Post on 21 October 2015.)
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Origins of English, French and Chinese Legal Systems

By YueChim Richard On 2015/10/14 · Add Comment · 2,691 views
(This essay was published in Hong Kong Economic Journal on 14 October 2015.) “One-country two-systems” still requires effort to marry life under common law in Hong Kong with China’s German influenced civil law and Chinese legal traditions. From AD 1100 to 1400, British feudal lords paid the king for the right to have local jury trials and sought again and again to make peace with the sovereign, despite periodic conflicts, as they progressively secured greater rights to administer their local disputes. What dues has Hong Kong paid? What dues should be paid?
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Ruled By A Mixed Past

By YueChim Richard On 2015/10/14 · Add Comment · 3,061 views
(This essay was published in South China Morning Post on 14 October 2015.)
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Civil Law, Common Law, and Social Control

By admin On 2015/10/07 · Add Comment · 4,451 views
(This essay was published in Hong Kong Economic Journal on 7 October 2015.)Law alone cannot deal with all problems, which are largely political in nature rather than legal. Fortunately, judicial independence in the common law provides some small amount of flexibility in handling them. Things in Hong Kong would have been even worse, and more grievances left unaddressed, if all we had to use was a civil law approach. Still, law is not a substitute for political reform.
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Different Legal Traditions Keep Hong Kong and China Apart

By admin On 2015/10/07 · Add Comment · 2,613 views
(This essay was published in South China Morning Post on 7 October 2015.)
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Common Law, Civil Law, and Financial Market Development

By admin On 2015/09/30 · Add Comment · 5,022 views
(This essay was published in Hong Kong Economic Journal on 30 September 2015.). . . . the stated goal of Qianhai New District in Shenzhen is to replicate the common law system within the district for the purpose of promoting financial market development. . . . . Hong Kong’s real competition today is not from Shanghai, but London and New York; perhaps someday Shenzhen will become a worthy competitor if the Qianhai experiment works.
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China Should Take Advantage of Hong Kong’s Legal System in Building Financial Markets

By admin On 2015/09/30 · Add Comment · 2,802 views
(This essay was published in South China Morning Post on 30 September 2015.)
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Mandatory Provident Fund Needs Urgent Reform

By YueChim Richard On 2015/09/23 · Add Comment · 4,696 views
(This essay was published in Hong Kong Economic Journal on 23 September 2015.) The government should legislate an early shift to improve yields for all, . . . . a successful MPF. . . . would mean a life of reduced poverty in old age in the future. The MPF is a preferred scheme . . . .
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Time to get rid of offsets by employers in Hong Kong’s MPF retirement fund

By YueChim Richard On 2015/09/23 · Add Comment · 3,926 views
(This essay was published in South China Morning Post on 23 September 2015.)
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Reflections of Old Age Poverty in Public Renter Housing Estates

By admin On 2015/09/16 · Add Comment · 3,624 views
(This essay was published in Hong Kong Economic Journal on 16 September 2015.)Privatizing the public renter housing estates would create a very large client pool of elderly homeowners willing to take advantage of mortgage backed annuity schemes in the era of modern finance. This would create better opportunities for diversifying risks associated with the uncertainty of life expectancy. A bigger market could lead to better terms to the benefit of all participants.
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Why Hong Kong’s public housing estates should be sold to sitting tenants

By admin On 2015/09/16 · Add Comment · 3,691 views
(This essay was published in South China Morning Post on 16 September 2015.)
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Is Hong Kong Overeducated?

By admin On 2015/09/09 · Add Comment · 4,260 views
(This essay was published in Hong Kong Economic Journal on 9 September 2015.)Hong Kong’s real challenge is that it has a very tight labor market and pays high wages, but the standards of living are not great for many because property prices and rents are even higher. It is not overeducated.
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