This note provides a cost-benefit analysis of the proposed regulatory reform by the Basel Committee on Banking Supervision (BCBS) for Hong Kong. Following largely the methodology of a cross-country analysis by the BCBS, the long-term benefit from the reform is assumed to be derived mainly from a...

For over a decade, the economy of Hong Kong has been ranked the freest economy by both the Heritage Foundation in Washington D.C. and the Fraser Institute in Vancouver, Canada. Rankings of economic freedom tend to make comparisons on the performance of economic freedom among the various world...

Since the beginning of 1990s, the credit balance of the banking system in mainland China has experienced a big swing from negative to positive. The balance has continued to expand up to now. It seems that both negative and positive credit balances are so large that the financial resources have...