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News in Hong Kong and China about EFN Asia conference 2012 PDF Print E-mail
Friday, 30 November 2012 18:00

EFN Asia conference 2012 successfully ended. But our commitment does not end. Several news outlets in Hong Kong and China reported about the conference in both English and Chinese. The examples are below.

- http://www.scmp.com/news/hong-kong/article/1077385/auction-two-residential-sites-defy-new-bid-cool-property-market

South China Morning Post mentioned about the interview with Dr Tom Palmer and the speech of Hong Kong Financial Secretary John Tsang.

'Tom Palmer, a senior fellow at the Cato Institute think tank in Washington, said new stamp duty targeting property investors would "make Hong Kong less attractive to foreign investors".

 

Palmer said that the most important thing was "not to put some kind of cap on prices".

Speaking after a forum on welfare populism, Palmer said the government should increase supply and allow the market to adjust to the market conditions.

"What you will see is that a lot of people will move to Shanghai and other places," he said. "One of the important elements for Hong Kong is that it is an open city. It is the gateway to China. If Hong Kong is going to close up, people will go straight to China."

He suggested the government look at easing land use restrictions and open up areas for development.

"You have to have the right medicine for your disease and [new taxes] are not the right medicine," Palmer said.

In the same forum, Financial Secretary John Tsang Chun-wah reiterated that government intervention would help restore the balance. "Once the balance has been restored, we will return to the status quo," he said.'

 

- http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=128129&sid=38153156&con_type=1&d_str=20121108&fc=4

Speech of John Tsang was quoted and the interview of Professor Xingyuan was mentioned.

'Separately, Financial Secretary John Tsang Chun-wah warned at a symposium yesterday that populism could threaten Hong Kong's fiscal health in a long run.

He stressed the government has to manage public finances to deter instability such as the current situation faced by Spain, Italy and Portugal due to huge welfare expenses.

At the same function, Feng Xingyuan, professor of the Rural Development Institute of the Chinese Academy of Social Sciences, said the Buyers' Stamp Duty - introduced at the end of last month - will affect the free market principles of Hong Kong.'

 

-  http://www.chinataiwan.org/xwzx/gaq/201211/t20121108_3357886.htm

A news of China News Net in Chinese

'香港“财爷”预告明年预算案续坚守量入为出原则

2012年11月08日 13:48 来源:中国新闻网

香港特区财政司司长曾俊华7日在一个研讨会发表演说时预告,香港明年2月公布的财政预算案将继续坚守量入为出原则,并提醒要警惕福利及民粹主义,以免破坏财政稳健。

曾俊华在演说中提出三个理由支持他的说法,并保证香港将继续审慎理财,保持小政府角色。首先,《基本法》规定香港要坚守量入为出的财政政策。其 次,由于缺乏审慎理财原则,欧洲等地引发的主权债务危机,也应该给予我们一些教训。最后,审慎管理财政资源在亚洲文化中是根深蒂固的,这也是香港的理财价值观。

曾俊华的演说是以“福利民粹主义和经济自由”为题。他指新政府上任4个月以来,推销多项政策都困难重重,但他强调香港需保持量入为出的原则,如在长者生活津贴拨款议题上,要提防福利及民粹主义,以免破坏财政稳健,牺牲社会长远的利益。

他说,社会对向有需要的长者提供更多生活津贴已有广泛共识,但所有福利政策都要在财政上可负担,否则就可能出现像希腊的情况,过度支出令社会不稳。

他再三强调福利政策目的是为帮助有需要的人,同时要顾及社会负担能力,并为受助者提供诱因,令他们重投社会,自力更生。

此次研讨会是由狮子山学会联同德国的Friedrich Naumann Foundation(东南亚支部)举办,与会的经济学者也对港府近期推出的加强版印花税调控楼市措施发表看法。

中国社科院研究生院教授冯兴元表示,港府推出买家印花税会阻碍外地人在港置业及进行投资活动,担心会影响香港的自由港的形象。他又认为,即使外 地买家来港投资物业,主要是针对中高价住宅,不会影响一般市民的置业需求,他建议港府可发展更多迎合一般市民需求的住宅'。'(完)

 

 
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