This research paper examines Hong Kong's fiscal resilience through the lens of revenue
composition, expenditure growth, institutional capacity, and macroeconomic constraints. The
central argument is that Hong Kong's fiscal challenge is not best understood as a conventional
sovereign debt problem, but as a problem of re...
Lie Chun Pong· International journal of eco...· 0 citations
This paper provides a comprehensive examination of Hong Kong’s fiscal sustainability within
the framework of modern public finance theory, with particular emphasis on revenue volatility,
debt dynamics, and institutional reform. It argues that Hong Kong’s fiscal architecture is
structurally fragile due to its disproport...
Lie Chun Pong· International Journal of Soc...· 0 citations
Hong Kong’s public finances have entered a period of heightened scrutiny following the recent
expansion of the government bond issuance ceiling to HK$900 billion to finance ambitious
infrastructure projects, including the Northern Metropolis (NM) development. Despite official
projections maintaining a government Debt-t...
Lie Chun Pong· International journal of eco...· 0 citations
The international monetary system remains heavily dependent on the United States dollar, which
functions simultaneously as a reserve asset, a unit of account, a medium of international
settlement, and a major store of value. Although dollar centrality has supported global trade and
financial integration, it has also ge...
Lie Chun Pong· International Journal of Soc...· 2 citations
This research initiative on “World Currency,” based on my original concept, began in the year of
1995 and was formally proposed and submit as a research paper, during the year in 2003-2004
as part of the MSc Economics Project at HKUST. The definition of money and the determination
of exchange rates have long been centr...
Lie Chun Pong· International journal of soc...· 0 citations
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