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In this note, I document the change in correlation between Hong Kong, Singapore and the US financial market indexes using Geweke Measures after the handover of Hong Kong to China. The results show that these relationships have changed significantly. While the feedback relationship between Hong Kong, Singapore and the US markets increase after the handover of Hong Kong, the increases in feedback relationship between Singapore and the US markets is relatively higher compared to the change between Hong Kong and the US markets.

Based on a small, open-economy IS-LM prototype model, this paper examines the sources of macroeconomic instabilities in Hong Kong and Singapore operating under two different currency board arrangements. The empirical findings suggest that in general, both external and internal factors contribute to the macroeconomic volatilities observed in the two economies. There is evidence of a tradeoff between exchange rate and interest rate targeting for the stability of money supply in Singapore. Our findings have important implications for Mainland China's monetary authorities in the transition from a hard-peg exchange rate regime like Hong Kong to a basket-link system like the one in Singapore.

This paper first provides a brief review of the global financial tsunami. It then explains why the quantitative easing in the US and the unique characteristics of the Asian property markets have contributed to the formation of property bubbles in some Asian economies. Thereafter, it discusses the possibility of a bursting of property bubbles in Hong Kong, Singapore or another Asian economy a few years from now, and highlights that the bursting of the property bubble in that economy could trigger severe corrections of property prices in this region through the contagion effect. After pointing out that the implied crisis could be more severe than that during the Asian Financial Crisis, it (i) discusses policies that could mitigate the damages of the potential crisis and (ii) draws important lessons and conclusions that could pre-empt similar disasters in the future.

This paper aims to investigate the role of a consumer satisfaction index (CSI) for financial investments in the Hong Kong market. Using yearly data for Hong Kong consumer satisfaction index (HKCSI) to compile a CSI at company level, the effect of consumer satisfaction on company market value is identified. A hypothesized investment portfolio based only on CSI at company level is created, and its return compares with a widely used index measuring stock market performance in Hong Kong. A formal statistical test on the outperformance of portfolios that load on consumer satisfaction is conducted. Using the Capital Asset Pricing Model (CAPM), the beta risk of the entire time period is evaluated, and shows that the portfolio risk based on company level CSI is not significantly different than the market risk. This paper concludes therefore that consumer satisfaction can be incorporated into financial models and applied for formulating investment portfolios with better performance than the market rate in Hong Kong.

Alcon’s New Eye Drops Offers More Long-lasting Relief for Dry Eyes.

Carl Zeiss Opens New Shanghai Showroom.

Allergan’s Lumigan Receives Positive Opinion for Approval in Europe.

Australian Optical Retailer OPSM Sells Ten Stores to Sunglass Hut.

Bausch & Lomb Clearwater Plant Named Center of Excellence for Lathing Technology.

Santen — The Leading Prescription Ophthalmic Pharmaceutical Firm in Japan.

Always Top — An ISO9002 Quality Assured Eyewear Firm in Hong Kong.

Nanyang Optical — One of the Largest Optical Retail Chains in Singapore.

SARS Strikes.

Eradicating Pig Pneumonia.

Hong Kong Unveils New Center for Health Protection.

Supreme Court Holds State Responsible for Minamata Outbreak.

Asian Cord Blood Banks Form Consortium.

This article touches on traditional Chinese medicine in the treatment of diabetes.

The article discusses on what the Hong Kong government are doing to boost biomedical investments. It touches briefly on the biotechnology market and Hong Kong government policy for Innovation and Technology. It also includes some examples of biotech companies.

Infinitus Establishes Three Additional Scientific Research Platforms to Facilitate Its Product Innovation.

BGI Partners with NRGene to Provide Broadest Genomic Analysis Available.

CHINA AID - A Platform for Chinese Senior Care Industry.

Modern Biotechnological Tools Contribute to Biodiversity Conservation.

Older Adults Use Brain Regions Involved in Speaking to Compensate for Bad Hearing.

Chinese Scientists Discover Molecules to Repair Organs.

CAS Sits Atop of Nature Index 2016 Rising Star List.

Chinese Researchers to Develop 3D Skin Printing Technology.

Varian Chosen to Equip First Government Owned Proton Centre in China.

HONG KONG NEWS – Amgen Launches Commercial Office in Hong Kong.

Chinese Researchers Demonstrate that Icotinib Creates Better Progression-Free Survival with Fewer Side Effects than Whole Brain Radiation in Non-Small Cell Lung Cancer Patients with Brain Metastases.

Depressed Patients Are Less Responsive to Chemotherapy.

Sanofi and JHL Biotech Announced Strategic Biologics Alliance in China.

Chinese Scientists Developed Cancer Breath Test.

BGI Opens Seattle Office for North America Expansion.

Mederi’s Stretta Therapy for GERD Approved in China.

HONG KONG NEWS – Experts Call for Urgent Multi-Stakeholders Collaboration in the Development of an Integrated Cancer Strategy to Safeguard the Sustainability of Hong Kong's Health Care System.

HONG KONG NEWS – Uni-Bio Science in Multiple Drug Co-Development Deal with Beijing Sun-Novo.

HONG KONG NEWS – Immunotherapy with Pembrolizumab Deemed Cost-Effective for Advanced Melanoma Patients in Hong Kong.

Entrepreneurial technology-based new venture constitutes a dominant proportion of incubated firms. Often, such firms are established by engineering graduates. This paper investigates a methodology for assessing the potential for success of new ventures set up at an early stage by engineering students via an evaluation of the entrepreneurial personalities of engineering students. The survey of 215 students of Manufacturing Engineering indicates particular traits have a strong predictive impact on the proclivity towards the different 'idea factors on innovation' suggested by Goldenberg et al. [1999]. In particular, 'risk-taking propensity' and 'need to achieve' are two critical characteristics that significantly influence the selection of 'success-intended' idea factors whereas 'external locus of control' influences the selection of 'failure-intended' idea factors. The findings have important implications for researchers, business incubators, and policy makers inside and outside universities. Based on the extensive literature and successful result in demonstrating entrepreneurial characteristics as predictors of sustainable competitive advantage of future entrepreneurs by identifying types of idea factor adopter, the results of this study can be used either as a self-evaluation (self-screening) before starting a new venture that has a higher success probability. Specifically, the results indicate that the classification of idea factor adopters, in terms of entrepreneurial behavior, the incubator may be better able to identify the go or no-go decision for applicants. For instance, incubators could try to base their selection process for business incubation programme partly on information provided by applicants about personality traits and preferences regarding entrepreneurship.

How can small and medium-sized enterprises (SMEs), collectively and individually, improve their capacity to compete in international markets dominated by large, resource-rich firms? Beyond providing financial assistance or market protection, can the state contribute to the development of SME capabilities? The creation of structural service agencies in certain Italian industrial districts suggests that the state may promote the development of specific competencies and capabilities among populations of small firms. This paper describes the logic and operation of structural service agencies, quasi-public organisations, which offer services possessing scale and scope economies to spatially clustered industries. Examples from Asia, North America and Europe are used to illustrate the discussion. The environmental conditions and organisational choices facing agency managers are examined. A transactions costs perspective frames the discussion but also draws upon the literature on organisation trust and industry clustering.

Entrepreneurial technology-based new venture constitutes a dominant proportion of incubated firms. Often, such firms are established by engineering graduates. This paper investigates a methodology for assessing the potential for success of new ventures set up at an early stage by engineering students via an evaluation of the entrepreneurial personalities of engineering students. The survey of 215 students of Manufacturing Engineering indicates particular traits have a strong predictive impact on the proclivity towards the different ‘idea factors on innovation’ suggested by Goldenberg et al. (1999). In particular, ‘risk-taking propensity’ and ‘need to achieve’ are two critical characteristics that significantly influence the selection of ‘success-intended’ idea factors whereas ‘external locus of control’ influences the selection of ‘failure-intended’ idea factors. The findings have important implications for researchers, business incubators, and policy makers inside and outside universities. Based on the extensive literature and successful result in demonstrating entrepreneurial characteristics as predictors of sustainable competitive advantage of future entrepreneurs by identifying types of idea factor adopter, the results of this study can be used either as a self-evaluation (self-screening) before starting a new venture that has a higher success probability. Specifically, the results indicate that the classification of idea factor adopters, in terms of entrepreneurial behavior, the incubator may be better able to identify the go or no-go decision for applicants. For instance, incubators could try to base their selection process for business incubation programme partly on information provided by applicants about personality traits and preferences regarding entrepreneurship.