(...) Tang Xu; Li Kui-wai: Money and banking in China. Chai Pangshun; Li Kui-wai: Foreign bank lending to Chinese industries. Criteria and procedures. Nyaw Mee-kau: The development of direct foreign investment in China. Kwok, Raymond H. F.: Foreign direct investment, trade, and development in...

This paper examines how the quantitative easing (QE) policy conducted by Japan, EU and the US raised Hong Kong's real estate prices through activities in carry trade and in Hong Kong's real estate investment trust (H-REIT) market. The empirical results demonstrated two new channels of impact....

By employing a development finance approach, this paper examines the role of domestic savings, foreign resources and monetary aggregates in promoting economic growth in China. A two-equation model incorporating the financial repression paradigm, the structuralist “two gap” analysis, and the...