CSR Initiatives for Green Buildings: Perspectives of Hong Kong Financial Institutions

2009 ◽  
Author(s):  
Paul Boldy ◽  
Lisa Robyn Barnes
Keyword(s):  
Hong Kong ◽  
Financial Institutions ◽  
Green Buildings

scholarly journals Not All Currency Traders Believe in Unfettered Free Markets: Currency Speculation and Market Intervention in Hong Kong

2002 ◽  
Vol 170 ◽  
pp. 441-458
Author(s):  
Leong H. Liew ◽  
Harry X. Wu
Keyword(s):  
Hong Kong ◽  
Financial Markets ◽  
Financial Institutions ◽  
Futures Markets ◽  
Government Intervention ◽  
Free Market ◽  
Asian Crisis ◽  
Monetary Authority ◽  
Free Markets ◽  
Market Intervention

Expectations and beliefs are important forces that can influence financial markets. Using results from a survey, this article examines the beliefs of currency traders in Hong Kong's financial institutions regarding the RMB and HK$/US$ pegs. In particular, it examines the attitudes of these currency traders towards the intervention by the Hong Kong Monetary Authority (HKMA) in Hong Kong's stock and futures markets to defend the HK$/US$ peg during the Asian crisis in 1998. Contrary to expectation, not all currency traders in Hong Kong were diehard devotees of the free market and more were in support of the intervention than against. Degree of identification with Hong Kong was found to be important, influencing attitudes towards government intervention. An inference from the survey is that the intervention was popular with Hong Kong residents and that future intervention by the HKMA is likely if faced with similar speculative attacks on the HK$.

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