r********8 发帖数: 21 | 1 http://www.info.gov.hk/hkma/eng/careers/index.htm
Manager – Macroeconomic/Financial Market Analysis and Research
Key Responsibilities
To prepare reports and briefing papers on macroeconomic and financial market
developments in Hong Kong, Mainland China, and the global economy
To prepare in-depth research papers
To assist in formulating financial policies
Requirements
Post-graduate university degree in economics or finance
Solid background in macroeconomics and international finance
At le |
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l******n 发帖数: 1204 | 2 听说香港的大学各方面都不错,好奇的问问HKMA的年薪能开到多少?
谢谢。 |
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i******t 发帖数: 80 | 3 据说HKMA的Economist,初级的那种,月薪3万+港币 |
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q**i 发帖数: 174 | 4
I support you, beb, :-)
Anyway, WSJ yesterday had an article on the battle
of Hong Kong. Aparently, the HKMA spent a total
of $20Bn (some borrowed from the People's Bank
of China with us government bonds as collateral)
to purchase individual stocks (as oposed to
the futures). It was clear Friday that HKMA
is the only buyer in the market with everyone dumping.
On that single day, HKMA blew $7Bn (they had a
total reserve of $96Bn).
A few things unclear to me:
1) I raised the question of perceptio |
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q**i 发帖数: 174 | 5
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 |
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z***c 发帖数: 2959 | 6 同意你的看法,过去自由港带来繁荣,现在持续下去只会带来问题。这个以后再议。
你提到的最后一句才是关键,类似的话可谓尽人皆知,关键是为什么?我的理解是
香港夸耀的制度再好,居然没有最低工资法,没有反垄断法,没有消费者保护法,
没有集体诉讼。这些在英国都是19世纪都有的了。我想任何一个对先进制度有理解
的人都不能认可香港这种畸形的制度结构。立法会这种功能组别的搞法,过去是
英国人的错,现在是共产党的错。
再比如金融危机暴露出来的香港的银行欺诈问题,过去出现很多次一直无心解决。
去年accumulator这种limited gain, unlimited loss的产品导致那么多人破产,
现在继续卖,HKMA也都不管。昨天和上门的理财顾问说起这个,他们就说让愿意
承担风险的去承担,我就问为什么美国欧洲都禁售?他们没法回答。而且这种产
品的正回报完全可以用风险更低的产品去实现,但这些公司就是卖这种佣金高对
自己好处大的,哪里是为客户着想。这道理HKMA不明白?
anymore
our |
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q**i 发帖数: 174 | 7
yeah. what a fiasco, :-)
HKMA can really learn from this. As I stated earlier, the
worst nightmare for a hedge funds is margin calls. With
their highly leveraged position, they have very little cash
on hand. and drawing against commiement to fund margin calls
is strongly resisted by investors (this happened to ltcm).
HKMA needs to create opportunities to force margin calls
onto the hedge funds. One such opportunity is settlement
dates.
talk about missed opportunities, :-) |
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d*****l 发帖数: 8441 | 10 Lex专栏:香港是时候站队了
英国《金融时报》 Lex专栏
盯住美元让香港获得了不少好处。自27年前实施盯住美元汇率制度以来,香港已经经受
住了至少六次外部冲击。对于受到保护不多的经济体而言,这些冲击本可以导致它们彻
底偏离轨道。不过,随着美元下跌至距1973年后贸易加权汇率最低点仅3个百分点之遥
,加之北京开始向这个特别行政区注入大量的人民币流动性,香港应该开始考虑其它选
择了。
香港金融管理局(HKMA)心里很清楚:它选择“锚货币(anchor currency)”,应该考虑
两个标准。第一,是其对外贸易与金融交易最主要的计价货币是什么。这一点显然美元
仍占上风:今年上半年,香港与中国大陆以人民币计价的贸易为530亿美元,仅占到其
总体贸易极其微小的一部分。第二,管理锚货币的货币体制是否稳定。这一点如今有点
麻烦。蒂姆•盖特纳(Tim Geithner)此前出人意料地否认称,美国并没有在故意
压低自己的货币。这对香港金管局是一个提醒:它不应该再轻率地相信,美国货币政策
具有“无与伦比的可信性”。
对自身与美国经济间日益严重的错配,香港也不应再视若无睹。正如咨询公司Chi... 阅读全帖 |
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w****w 发帖数: 14828 | 11 http://www.hkma.gov.hk/chi/key-information/press-releases/1997/
各國/地區外匯儲備排名
以億美元計 期間
(1) 日本 2,282 九七年十月
(2) 中國 1,341 九七年九月
(3) 香港 965 九七年十一月
(4) 台灣 829 九七年十月
(5) 德國 817 九七年九月
(6) 新加坡 774 九七年九月
(7) 西班牙 682 九七年九月
(8) 美國 681 九七年八月
(9) 巴西 618 九七年八月
(10) 意大利 581 九七年九月
資料來源:金管局,國際貨幣基金組織,路透社
中國在1997年外匯儲備1341億,你說中央聲稱用1600億支撐大局? 最重要的是,和香
港的外匯現鈔不同,中國外匯儲備相當一部分不是現金,而是包括美國國債在內的外匯
資產。這點不用多說了吧,民間罵中國大筆買美國國債很久了。
很多資料都講了,... 阅读全帖 |
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w*******e 发帖数: 269 | 12 http://www.hkma.gov.hk/chi/key-information/press-releases/1997/
一九九七年八月底的外匯儲備數字
香港金融管理局今日公布,連同土地基金在內,香港於一九九七年八月底的官方外匯儲
備達到八百五十三億美元(七月底:八百一十七億美元),全球排名由以往的第五大上
升至現時第四大。
八月底外匯基金持有的外匯儲備為六百九十五億美元(七月底:六百六十一億美元),
而土地基金則為一百五十八億美元(七月底:一百五十六億美元)。八月份政府存入大
量財政儲備,這些儲備亦因被用作結算遠期外匯買入合約而轉為外幣,遂令外匯儲備上
升。
連同未平倉遠期合約在內,外匯基金和土地基金持有的外匯儲備分別為六百九十六億美
元和一百五十九億美元。
香港金融管理局
一九九七年九月十九日
外匯基金的外幣資產
(以十億美元計)
不包括遠期交易 淨額遠期交易 包括遠期交易
95年3月 52.4 (0.2) 52.2
95年6月 53.6 - 53.6
95年9月 51.8 2.8 54.6
95年12月 ... 阅读全帖 |
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发帖数: 1 | 13 路透評論指出,美國調高利率可能引發全球連鎖反應,尤其是波灣國家、香港和其他貨
幣釘住美元的經濟體,都面臨跟進聯準會(Fed)緊縮貨幣政策的壓力,但這麼做卻又
冒著可能窒礙經濟成長的風險。隨著Fed官員預期在明年底前還會再升息五次之多,這
種進退兩難的處境只會愈來愈棘手。
負責Fed貨幣決策的聯邦公開市場操作委員會(FOMC)2日一致決議調高基準利率0.25個
百分點,是Fed新主席鮑威爾上台後的首次升息行動。FOMC成員的利率落點預測「點狀
圖」顯示,他們預期在接下來的21個月內還會再升息五次。比去年12月時的預測多出一
次。
Fed逐步推動利率正常化,固然可能適合美國經濟,但卻可能造成貨幣緊釘美元的其他
經濟體陷入兩難。若是這些國家的央行選擇不跟隨美國的升息腳步,可能鼓勵投資人從
事一種誘人的交易:以較低的利率借來本國幣資金,用來投資收益較高的美國資產,賺
取利差。這就是所謂的「利差交易」(carry trade),如果交易量夠大,可能打壓受
影響貨幣的幣值。
湯森路透的資料顯示,港幣已經在走貶了,反映充裕的流動性降低借貸成本,以及香港
與美國的3月期銀行同業拆款利率差距擴大到1.1... 阅读全帖 |
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f*******1 发帖数: 184 | 15 借宝地帮某人问一下, 金融系PHD, 目前在一家金融分析机构工作. 现在得到2个offer,
一个是国外的政府金融监督管理机构,做银行风险评估分析,另一个是在香港的大型基
金公司做量化基金分析.
现在困惑的问题是,该归了呢还是坚持一年留在国外等绿卡? 如果留在国外的政府部门
工作的话, 好处是将来再海归的话起点比较高,在国内可以去银监会或者HKMA等等,而且
再坚持一年就能拿绿卡了.
如果选择去香港的话, 一个是这家基金公司做的工作内容他比较感兴趣,而且作基金挺
有挑战性的, 将来也许能混个Fund Manager之类的,自由发挥的机会会多一点. 还有一
点就是离家近了,照顾父母比较容易.
这两者的工作类型就好像茅与盾,一旦选择了一条路将来就得一直走下去了. 大家有什
么好的建议吗? |
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c*******u 发帖数: 12899 | 17 ☆─────────────────────────────────────☆
wangerxiao (王二小) 于 (Thu Aug 30 03:58:27 2012, 美东) 提到:
看了那个小孩发烧,抽搐的贴子,实在忍不住说两句.
1)请GOOGLE: MMR and Autism. 男孩概率尤其高
2)知道一个孩子,打MMR后高烧,好了后被诊断Autism. 哪有这么快的,其实就是脑损伤.
疫苗有巨大的利益在里面,家长要多做研究!
我的两个孩子都没打!
☆─────────────────────────────────────☆
xy512 (何守拙) 于 (Thu Aug 30 04:02:05 2012, 美东) 提到:
可以不打么?
☆─────────────────────────────────────☆
zgerry78 (gerry) 于 (Thu Aug 30 04:05:35 2012, 美东) 提到:
这个说法太武断和误导了,个案不说明任何问题,建议多看看专业的临床研究报告
.
☆─────────────────────... 阅读全帖 |
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C*****o 发帖数: 224 | 18 Thanks a lot for ur information.
October 1997 -- Financial crisis broke out in Southeast Asia. Hong Kong is
calm at the beginning, but finally Heng Seng Index dropped by 23% between Oc
tober 20 and October 23. [Economist, October 25] Interest rates soared in de
fense of the local currency. HKMA once pushed the overnight interbank loan r
ates up to 300%. Both China and HKSAR governments promised to protect the pe
g of HK and US dollars with $88 billion reserve in Hong Kong and $120 billio
n in Ch |
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q**i 发帖数: 174 | 19
One of the best artiles on fx.
One thing is missing in the analogy between
cp/rmb and the real world is that the university
administration is not a revenue generating
entity as far as cp is concerned, not does it have
other means to affect cp supply. a better
analogy would have been that the hkma gives
up its open market operations, and force all banks
lend at 0% real interest, and take deposit
and 0% real interest rate.
In the case of subsidized campus meals, the
value of cp is > than its fac |
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b*b 发帖数: 422 | 20 very good question.
I believe the action HKMA is taking means they actually agrees with
Friedman about dollarizing HK$, meaning HK is giving up it's economical
adjustment power, incl. printing currency, change interest rate etc.
to US Fed. |
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b*b 发帖数: 422 | 21 I am really confused here.
Does HKMA just want to keep some hard currency as a beggar or it need
to help HK's economy? |
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q**i 发帖数: 174 | 22
It's not sure if the lastest "attacks" on hk had any ill,
LONG term effect, if the hkma didn't intervene.
HK has benefited alot from its links to China. But it's
probably arguable if China is the most valuable capital
to HK. How about the people, its political and economical
infrastructure, its culture, etc.?
here is a difference: most of the apec countries are not
as export-oriented as hk is, and they are highly leveraged.
As their currencies devalued, there isn't enough boost
to $-denominated |
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q**i 发帖数: 174 | 23
I don't personally thinking changing the rule midst a play is good for the
mkt in general, and HK in particular. What the HKMA can do is to 1) leave
the mkt alone, or 2) intervene in a smart way in the open market, IFF they
have to intervene (again, I don't think they have to).
I am not sure if there is moral hazard in the LTCM case: the investors
(in LTCM) are not bailed out: their investment is marked to market as of
last Thursday, and the partners at LTCM were basically totally wiped out
(th |
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