Follow TopicFollow Contributor Share Feedback
An Interview with Charles Li, past-CEO, HKEX

An Interview with Charles Li, past-CEO, HKEX

by Charles Li

past-CEO, Hong Kong Exchanges and Clearing Limited (HKEX)

May 15, 2022

Compendium

A: The fundamental logic behind Mr. Xi’s pronouncements on Common Prosperity is clear and there is broad support for them. What is not clear is how the government agencies charged with the related tasks are planning to execute them. There is a tendency in China: as senior-level policy priorities shift by an inch, the central and provincial governments may move things by a foot. And then, when it comes to the local government, that may go into a few yards. When that happens quickly, it can cause shocks to the system. Excesses may then require corrective or mediating actions.

Some argue that this may be the natural outcome of China’s current model of governance particularly at the provincial and local levels, where responsibility sits upstairs while accountability sits downstairs. What we see on the ground may not necessarily reflect what policy has intended to achieve. In recent months, we’ve seen this play out in the form of aggressive corrections in the property sector and the internet sector, among others. This has caused some anxiety particularly in the markets.

This content is available to paid Members of Starling Insights.

If you are a Member of Starling Insights, you can sign in below to access this item. 

 

If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform.  Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.

Join The Discussion

See something that doesn't look quite right?

We strive to provide high quality and accurate content at all times. With that said, we realize that sometimes links break, new information becomes available, or there is something that you feel we may have missed.

If you see something that you think we should be aware of, we would love to hear from you. Feel free to drop us a note below and leave your name and contact info if you'd like to hear back from us.

Thank you for being a key part of the Starling Insights community!