b*b
发帖数: 422 | 1 标 题: 陆恭蕙：必须回答的问题
发信站: BBS 一网情深站 (Tue Sep 8 10:53:56 1998)
《南华早报》立法局议员陆恭蕙文章：
Saturday September 5 1998
The questions that demand an answer
CHRISTINE LOH
( Christine Loh Kung-wai is chair of the Citizens Party and a
directly elected legislator.)
This is our summer of discontent. What do we make of the
Government's recent massive market interventions? Hong Kong
used some $70 billion, or 10 per cent of reserves, to prop up the
stock market. Was that money well spent?
Was the Government's week-lo | q**i
发帖数: 174 | 2
I suspect that the intervention may be partially motivated
by politics: if the hkma doesn't intervene, they have
to jack up interest rate. Doing so will devalue properties
severely. The HS index is heavily weighted towards big
real estate holding companies. They may have requested
the hkma to do something, and hkma responded with the
intervention.
Over the long run, hk government being the largest
shareholder of hk (8.9%) and their commitment
to a free mkt means that they will have to liquidate
【在 b*b 的大作中提到】
: 标 题: 陆恭蕙：必须回答的问题
: 发信站: BBS 一网情深站 (Tue Sep 8 10:53:56 1998)
: 《南华早报》立法局议员陆恭蕙文章：
: Saturday September 5 1998
: The questions that demand an answer
: CHRISTINE LOH
: ( Christine Loh Kung-wai is chair of the Citizens Party and a
: directly elected legislator.)
: This is our summer of discontent. What do we make of the
: Government's recent massive market interventions? Hong Kong
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