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Implications of the E-Revolution for Hong Kong's Stock Market
By K. C. Kwong
Introduction
Technology and global capital markets are transforming business, society, and government. Technology and globalization are intertwined: the one makes the other possible. Although, arguably, the world has gone through many phases of globalization and technological advance already, the current phase appears to be a major one, even a revolution. We are perhaps at an early stage in the revolution, so it is difficult to see how the changes will eventually work themselves out. But some sectors and some economies are at a more advanced stage of this revolution, and we can observe them for possible clues as to what may happen in our own sector or economy.
Given the vast scope of the topic, I shall focus this paper on how the forces of technology and globalization are revolutionizing the Hong Kong stock market, and consider the role of government in supporting that process of change.
Full Text (PDF, 9 pages, 40 KB)