Monday 1st November 2010
Hong Kong Land Lease Reform, Part 2
We advocate a rebalancing of HK's land lease system, reducing up-front premiums in exchange for a perpetual stream of future ground rents and addressing a number of festering problems simultaneously. We also suggest a Premium Release Scheme to return hoarded capital to the market, and PRS Bonds or HIPS (HK Income Protected Securities) to help finance it, providing a new long-term investment option for retirement funds. (1-Nov-2010)
Trading hours poll results
We analyse the results of the Webb-site opinion poll on trading hours, which will be submitted to HKEx today. The results favour a trading day from 09:30 to 16:30 with a 1-hour lunch break (27-Oct-2010)
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