"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.
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.