{"id":8474,"date":"2015-12-14T12:47:24","date_gmt":"2015-12-14T04:47:24","guid":{"rendered":"http:\/\/varsity.com.cuhk.edu.hk\/?p=8474"},"modified":"2022-03-30T17:01:11","modified_gmt":"2022-03-30T09:01:11","slug":"is-hong-kong-international-transparent-and-efficient-editors-note","status":"publish","type":"post","link":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/2015\/12\/is-hong-kong-international-transparent-and-efficient-editors-note\/","title":{"rendered":"Is Hong Kong International, Transparent and Efficient? \u2013 Editor\u2019s Note"},"content":{"rendered":"<p>International, transparent and efficient \u2013 these are the words the government department for<br \/>\nattracting and keeping foreign investment in the city, InvestHK, uses to describe why \u201cHong Kong<br \/>\nis the ideal place to do business in Asia\u201d. They are also characteristics Hongkongers have long been<br \/>\nproud to present to visitors to our city.<\/p>\n<p>We might point to the city\u2019s status as an international financial centre with one of the world\u2019s<br \/>\nlargest stock markets, to a relatively transparent system of governance and an efficient world-class<br \/>\npublic transport system.<\/p>\n<p>InvestHK proclaims the city is \u201cone of the world\u2019s most open and corruption-free economies\u201d and<br \/>\nprovides a public transportation service that is \u201creliable, efficient and very reasonably priced\u201d.<br \/>\nBut to what extent are these proclamations valid and to what extent are they under threat? In our<br \/>\nDecember issue, we set out to look at how these values are faring by focusing on aspects of how<br \/>\nHong Kong is doing in terms of being international, transparent and efficient.<\/p>\n<p>The influx of Mainland money and investment in Hong Kong since the handover in 1997 has led to<br \/>\nsome soul-searching about whether Hong Kong is still an international city and an international<br \/>\nfinancial centre.<\/p>\n<p>We are often told that a free and stable economy, the free flow of information and the rule of law<br \/>\nare the bedrock of Hong Kong as an international financial centre. But some are worried about the<br \/>\nimpact Mainland money and business practices may have on these pillars. Has our stock market<br \/>\nand economy become more \u201cMainlandised\u201d? <em>Varsity<\/em> asks economists, scholars and InvestHK to<br \/>\ncomment.<\/p>\n<p>In terms of transparency, there is growing concern in recent years about the way the government<br \/>\ndisseminates information and consults the public about its policies. For instance, the government\u2019s<br \/>\nplan to redevelop Tsim Sha Tsui\u2019s waterfront, including the Avenue of Stars, provoked furious<br \/>\ndebate over what was seen as the government\u2019s lack of transparency and procedural justice.<\/p>\n<p>Journalists and citizens have noticed the government has become more selective in releasing<br \/>\ninformation. Top officials have taken to social media like Facebook and blogs to float ideas and<br \/>\nannounce information instead of holding press conferences open to all media.<\/p>\n<p>Meanwhile barely a week goes by without Hongkongers bemoaning delays and breakdowns on a<br \/>\npublic transport system whose efficiency they always prized.<\/p>\n<p>In October, a barge collided into the Kap Shui Mun bridge along the Lantau Link and paralysed the<br \/>\nonly path linking the airport and the rest of the city. The way information was given out and the<br \/>\nlack of alternative routes raised concerns about the city\u2019s transport system.<\/p>\n<p>Millions of people rely on the MTR or franchised buses every day, but Varsity finds buses are<br \/>\nhampered by increasingly severe congestion. As for the MTR, the increasing passenger load is<br \/>\ncausing problems.<\/p>\n<p>As Hongkongers, we care about the changes and challenges our city faces, especially in a climate<br \/>\nof social and political uncertainty.<\/p>\n<p>Also in our December issue, we look at Hong Kong\u2019s disappearing livestock industry. Despite a<br \/>\ngrowing foodie fashion to eat locally sourced produce, we import almost all our meat from the<br \/>\nMainland. In the People section, we talk to writer-critic Tang Siu-wa on her penchant for heated<br \/>\nonline debates and why she is trying to put those word battles behind her. Enjoy our issue!<\/p>\n<p style=\"text-align: right;\"><a href=\"http:\/\/varsity.com.cuhk.edu.hk\/wp-content\/uploads\/2015\/12\/thomas-s.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-8477\" src=\"http:\/\/varsity.com.cuhk.edu.hk\/wp-content\/uploads\/2015\/12\/thomas-s-300x141.jpg\" alt=\"thomas s\" width=\"181\" height=\"85\" srcset=\"https:\/\/varsity.com.cuhk.edu.hk\/wp-content\/uploads\/2015\/12\/thomas-s-300x141.jpg 300w, https:\/\/varsity.com.cuhk.edu.hk\/wp-content\/uploads\/2015\/12\/thomas-s.jpg 503w\" sizes=\"auto, (max-width: 181px) 100vw, 181px\" \/><\/a><\/p>\n<p style=\"text-align: right;\">Thomas Chan<\/p>\n<p style=\"text-align: right;\">Editor-in-chief<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International, transparent and efficient \u2013 these are the words the government department for attracting and keeping foreign investment in the city, InvestHK, uses to describe why \u201cHong Kong is the ideal place to do business in Asia\u201d. They are also characteristics Hongkongers have long been proud to present to visitors to our city. We might [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,1939],"tags":[],"class_list":["post-8474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-note","category-issue-138"],"_links":{"self":[{"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/posts\/8474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/comments?post=8474"}],"version-history":[{"count":3,"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/posts\/8474\/revisions"}],"predecessor-version":[{"id":8478,"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/posts\/8474\/revisions\/8478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/media\/8477"}],"wp:attachment":[{"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/media?parent=8474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/categories?post=8474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/varsity.com.cuhk.edu.hk\/index.php\/wp-json\/wp\/v2\/tags?post=8474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}