The Chinese title 細水長流 (literally a small and steady stream) and the English title Money In The Long Term encapsulate the spirit of this column.
I hope to share with readers my personal perspectives about certain long-term themes that impact the Hong Kong economy.
I am a fund manager based in Central. I make a living shuttling between airports and living out of hotel rooms.
My editor has given me a pen name (佛善竹) which conjures Buddha, kindness and bamboo, but which literally means “to have nothing to say”.
Born and raised in Hong Kong, I like to think of myself as a libertarian who enjoyed reading Ayn Rand in my youth.
Thus, this column is meant to be some sort of a day-ender, if you will. It’s a pleasant escape from the vicissitudes of life managing money for other people.
Please feel free to e-mail me your comments.
In due course, I will discuss some key social issues such as high housing costs, poor corporate governance in some of our listed companies, the tycoon economy and income disparity.
Also, I will focus on lack of access to education for our youths that stands in the way of gainful employment.
There will be a discussion about ineffective administration, an immature opposition, lack of upward mobility, a sovereign overlord who doesn’t understand or share our aspirations, and poor quality of life.
And last but not least, pollution and an over-burdened healthcare system.
I am deeply concerned about our 16th-place ranking in this year’s Rule of Law Index by the World Justice Project.
For now, I would dwell on the following rankings compiled by independent third parties in 2014. Let’s agonize over our failings in future editions of this column.
No. 1 in Index of Economic Freedom by Wall Street Journal/The Heritage FoundationNo. 1 in economic freedom by Cato Institute/Fraser InstituteNo. 2 in Ease of Doing Business Index by International Finance Corporation/World BankNo. 6 in cities with the best infrastructure by MercerNo. 7 in World Economic Forum’s Global Competitiveness Report
I hope the above will convince you that Hong Kong is still a great city. If we give each other the forbearance to chat freely, I am sure our best days are yet to come.
[Chinese version 中文版]
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