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This report summarises the key findings and recommendations of the Securities and Futures Commission’s (SFC) 2015 annual review regarding the performance of The Stock Exchange of Hong Kong Limited (Ex...
The objective of this contribution is not only to explain the position of institutional investors on global capital markets, but also evaluate their impact on the operation of financial systems. The c...
A model is developed that rationalizes contracts that give depositors the right to obtain funds on demand even when depositors intend to use these funds for consumption in the future. This is explaine...
This report summarises the key findings and recommendations of the Securities and Futures Commission’s (SFC) 2014 annual review regarding the performance of The Stock Exchange of Hong Kong Limited (th...
This report summarises the key findings and recommendations of the Securities and Futures Commission’s 2013 annual review regarding the performance of The Stock Exchange of Hong Kong Limited (the “Exc...
This report summarises the key findings and recommendations of the Securities and Futures Commission’s 2012 annual review regarding the performance of The Stock Exchange of Hong Kong Limited (the “Exc...
The typical cost analysis of an environmental regulation consists of an engineering estimate of the compliance costs. In industries where fixed costs are an important determinant of market structure, ...
This report summarises the key findings and recommendations of the Securities and Futures Commission’s 2011 annual review regarding the performance of The Stock Exchange of Hong Kong Limited (the “Exc...
Trade in genetically modified (GM) products remains a major issue in agricultural trade policy. In particular, the European Union has sought to deny market access to GM-products. In the wake of a W...
This report summarises the key findings and recommendations of the Securities and Futures Commission‟s 2010 annual review regarding the performance of The Stock Exchange of Hong Kong Limited (th...
This report summarises the key findings and recommendations of the Securities and Futures Commission’s 2009 annual review regarding the performance of The Stock Exchange of Hong Kong Limited (the “Ex...
Environmental regulation has been widely applied in Asia, with many governments introducing command and control (CAC) policies to control the levels of industry emissions. This paper first examines...
This report summarises the key findings and recommendations of the Securities and Futures Commission’s 2008 annual review regarding the performance of The Stock Exchange of Hong Kong Limited (the “Exc...
The ongoing global financial turmoil has led policy makers – nationally and internationally – to revisit approaches to regulation. Most specific reform proposals to date have been developed in intern...
This report summarises the key findings and recommendations of the Securities and Futures Commission’s 2007 annual review regarding the performance of The Stock Exchange of Hong Kong Limited (the “Exc...

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