Category Archives: Finance

Time to think of our next step

Hong Kong has a reputation for reinventing itself to its advantage, based on its evolution, between the 1960s and 1980s, from an industrial to financial centre. Since its return to China in 1997, another chameleon- like change has kept the … Continue reading

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Half-baked reforms will satisfy few

Nearly half the MPF investments in the past five years were money-losing, the very best managed an average annual return of 5-6 per cent Here’s the good news and the bad news. As of last week employees can benefit from … Continue reading

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Half the battle

MPF: THE BASIC FACTS The Mandatory Provident Fund was introduced in Hong Kong by the government in 2000. It is a marketbased plan that covers those workers who never had any kind of pension. Every month the worker and the … Continue reading

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Property tax not worth the price

The new administration is showing two worrying signs. One is government by knee- jerk response to problems, driven, it seems, by a desire for popularity. It suggests that while Leung Chun- ying is aware of issues which need to be … Continue reading

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Tough measures, more housing supply are both needed

As the saying goes, desperate times call for desperate measures. With the third round of quantitative easing (QE3) kicking in, bringing an overflow of hot money into Hong Kong’s property market, our financial chief John Tsang pulled no punches in … Continue reading

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We like discrimination in principle. But will it work?

Clearly I’m way out of step. I’ve just been looking through what has to be a record mailbag in response to Monitor’s two columns last week about the new tax on nonresident buyers of Hong Kong homes. Prices will not … Continue reading

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New rule to plug stamp duty dodge

A legal clause will be introduced soon to plug a loophole that allows homebuyers to evade the new 15 per cent stamp duty on purchases, the government announced last night. The announcement came on the back of news spreading among … Continue reading

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Regulation not intervention

Market opinions on the SAR government’s tough measures to regulate the housing market have been mostly favorable, but there are also detractors who have labeled the move as “intervening in market operation”. Secretary for Finance John Tsang responded to such … Continue reading

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淺談在香港推行標準工時的可行性

根據政府統計處的資料,香港全職工作人士每星期平均工作時數約48小時。而與全球各個國家地區比較,香港僅排在南韓之後,成為全球第二長工時的地區。而坊間討論立法規管最低工資時,很多時也會談及標準工時(有些人將之誤稱為「最高工時」,但這是兩個不同的概念)。假如最低工資是以日薪、週薪或月薪計算,標準工時顯得更為重要,可是政府及社會大眾較認同以較公平的時薪作為計算最低工資的單位,標準工時相對來說便變得較為次要。然而,筆者認為香港在立法規管最低工資時,就是順便為標準工時立法的最佳時機。 相對於最低工資,標準工時在世界似乎更為普及。無論是中國大陸、台灣、新加坡等地,都有規管標準工時,甚至連全球最長工時的南韓,亦已於近年引入標準工時的規管。由此可見,香港推行標準工時上遠遠落後於週邊地區。但筆者認為,在香港推行標準工時的時候,需要顧及香港的實際情況。其他亞洲地區的標準工時,大多是每週44小時,而日本及部份歐洲國家更訂於40小時。但筆者認為,香港的標準工時沒有必要定得如此低,並認為即使規定於每週48小時(等同6天工作8小時,或5天工作9.5小時),也是一個合適的水平。由於這是「標準」工時而不是「最高」工時,僱主可以根據實際情況,延長僱員的工作時數,只要提供等同平均時薪150%的超時薪酬便可以了。因此,對於很多僱員來說,雖然工作時數最終並未必縮短到標準工時,但至少可以確保有「OT補水」的權益。筆者也建議香港不應為超時制訂一個上限(亦即是反對限制「最高」工時),確保僱員可以自願多勞多得,以超時工作換取更高的工資。現時未有超時額外薪酬,不少低下階層當然反對工時過長,但當引入標準工時及超時額外薪酬之後,相信他們也不會再對工時過長有太大的怨言,因為超時工作將會使他們賺得更多,屆時可能輪到僱主不太願意給他們超時工作了,寧願再請額外人手,即是變相推動就業了。 總括來說,標準工時的爭議,相信遠少於最低工資,因此筆者絕對支持香港能確盡快落實法定標準工時。至於筆者建議的每週48小時的標準工時,雖然較其他地區為高,可是卻較為符合香港的實際情況。日後假如每週工作48小時以上,之後的時數可以得到等同平均時薪150%的超時薪酬,這便確保了僱員取得超時工作的應有權益,並減少大眾對長時間工作的怨言。

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Government Must Insist on Curbing Property Speculation

【明報專訊】SINCE the government’s upward revision of the special stamp duty and introduction of a new buyer stamp duty, transactions in the property market have plunged. Over the past weekend, only 16 units were sold in the primary market, down 80 … Continue reading

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