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"If you want to see how the free market really works, this is the place to come," said Milton Friedman when he was in Hong Kong some 30 years ago. Central to the celebrated economist's appreciation of Hong Kong was the minimal role that the government played, or was perceived to play, in the economy.

Since then, there have been calls in Hong Kong to rethink free-market capitalism because of perceived failings such as unequal wealth distribution and environmental damage. Some have argued that to restore public trust and a sense of justice, the city needs more regulations and state intervention.

Join us on 17 August when Zhiwu Chen, Chair Professor of Finance at HKU Business School, and Nick Sallnow-Smith, former CEO at Hongkong Land and former Chairman of the Link REIT, will share their thoughts on whether Hong Kong's laissez-faire approach to the economy needs a serious update, and if so, what other options are available.

This session is the second in a series of events the Chamber's Economic Policy Committee is organizing with the HKU Business School to consider some of the pressing issues facing Hong Kong. Forthcoming topics include brain drain, social inequality and ageing population, and bolstering public finance. The talks will be moderated by Tony Miller, Chairman of the Chamber's Economic Policy Committee.

Speakers' bios

In addition to his capacity as Chair Professor in Finance at HKU Business School, Professor Chen is Director of the Asia Global Institute and Victor and William Fung Professor in Economics at the University of Hong Kong. His research covers finance theory, the sociology of finance, economic history, quantitative history, emerging markets, as well as China's economy and capital markets.

Nick Sallnow-Smith has lived in Hong Kong for nearly 30 years. He worked as a teacher than a civil servant in the United Kingdom, and since coming to Hong Kong he has worked in many types of organizations including government, private sector listed companies, banks, and a range of NGOs.

For HKU students and alumni, please click here for registration.

Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.


Nick Sallnow-Smith
Former Chairman of the Lion Rock Institute Hong Kong

Zhiwu Chen
Chair Professor of Finance, The University of Hong Kong

Moderator: Tony Miller
Chairman of Chamber's Economic Policy Committee

Language English
Date and Time 2021/08/17 12:30 to 14:00
Venue This seminar will take place online
Media Closed to media
Enquiries Tracy Leung
Tel: 28231277
Fee Members @ HK$100 / Non-Members @ HK$200
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.

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