An Exploratory Analysis of Impediments to China's Credit Control on the Real Estate Industry: an institutional perspective

To curb price speculations and overheated investment in the real estate market, the mainland Chinese government has determined to tighten bank lending to the market in recent years, by resorting to administrative tools through specific real estate control policy. With hindsight, the market response seems to have invalidated the policy initiatives. This research is aimed at investigating the impediments to achieving the laudable policy objectives of using administrative credit controls. A series of research interviews with property practitioners unraveled prevalent evasive practices and illicit tactics adopted by developers to thwart policy effects. This study leads to a better understanding of the institutional backdrop behind the less-than-expected results of the real estate macro-control measures. To better steer the real estate market, effective monetary control requires both the government and industry to make concerted efforts and consistent headway towards a complete, transparent and responsive ensemble of institutional arrangements.     

Anti-triad legislations in Hong Kong: issues, problems and development

One way to tackle triad societies is through effective legislation. The present article first describes and reviews the legislation dealing with triad activities in Hong Kong – The Societies Ordinance – and highlights the main issues and problems. Four issues are discussed, namely ambiguity in the definition of triad membership, doubtful neutrality of triad experts, outdated triad-related literature cited in the court, and the contradiction with human rights and freedom of expression. The article further examines the effect of the ordinance in suppressing triad activities and argues that the law is not very effective in penalizing senior triad members, thus justifying the need for a new legislation to contain the growth of triad activities and organized crime.     

Joblessness and poverty in America's central cities: Causes and policy prescriptions

Abstract

Two paradigms pervade the policy debate on the causes of urban joblessness and poverty: (1) a structural, nonvoluntaristic perspective emphasizing the roles of urban economic change, residential segregation, and spatial and skills mismatches, and (2) a rational‐choice, voluntaristic perspective contending that the generosity and ready availability of welfare programs have removed the incentive for poor persons to accept low‐paying jobs. This article brings together propositions of each paradigm into a comprehensive theoretical model. The study measured and tested key causal operators of the model for a sample of 67 large U.S. cities, with special attention to race and gender.

Results show that structural and welfare disincentive perspectives are not in conflict but rather operate side by side to reinforce joblessness and poverty. Race and gender, especially the role of urban space for women's work, are important. The article raises pertinent policy issues derived from the two perspectives and from the analysis.     

Democratization in turmoil? Elections in Hong Kong

The first SAR Chief Executive, Tung Chee‐hwa, in his speech at the SAR Establishment Ceremony, said: ‘Democracy is the hallmark of a new era for Hong Kong. The SAR Government will resolutely move forward to a more democratic form of government in accordance with the provisions in the Basic Law’. Butler, Penniman and Ranney, however, cautioned that ‘the critical difference between democratic and nondemocratic regimes is to be found in whether or not they hold elections, and if they do, what kind’. Indeed, electoral changes made to the 1998 LegCo elections are found to be anti‐democratic and retrogressive, as well as unnecessary. The authors conclude that electoral systems matter because they are one of the central mechanisms in modern democracies to give substance and content to democratic governance. If electoral systems are designed in such a manner that they obstruct the exercise of popular sovereignty, ride rough‐shod over the principle of political equality, undermine the extent of representation, complicate relationships of accountability as well as delimit opportunities for participation, then such systems should have little place in genuine democratic reform. To bring Hong Kong's democratization forward, a hard look at the electoral system, which should be more informed by the principles and practices of democracy will be mandatory.     

The Regulatory Role of Social Policy: Macao's Social Security Development

Central to the regulation theory of social policy is the argument that the welfare state has played a key role in the maintenance of the proper working of capitalism. Starting from the core argument of the theory, this article attempts to demonstrate that the Social Security Fund, a cornerstone of Macao's social security system, achieved three major regulatory functions in relation to the perpetuation of capitalism from the establishment of the fund in 1990 to 2005: legitimisation, reproduction and disciplinisation. There was a watershed year in 2002 in which the predominant regulatory forms displayed a qualitative shift from legitimisation to reproduction and disciplinisation. The shift is explained in terms of different interplays of the political and economic forces within the basic structural constraint of the capitalist social system.     

海牙-维斯比规则的一年诉讼时效是否适用无单放货

从海牙/海牙-维斯比规则的强制法律效力入手,通过对规则第三条第6款"一年诉讼时效"含义的解读,结合英国、美国、澳大利亚及中国香港无单放货的相关判例,探讨规则强制法律效力的终止时间,以及第三条第6款的不足之处,冀对新近联合国国际贸易法委员会和国际海商法协会共同制定的《运输法草案》(或称《鹿特丹规则》(草案))有所裨益。     

Value-Based Integrity Management and Bureaucratic Organizations: Changing the Mix

ABSTRACT

This article examines integrity management initiatives designed to introduce more value-based elements in public bureaucracies. Incorporating value-based practices, which emphasize the personal ethical responsibilities of individual public servants, into a hierarchical, rule-based system may present difficult organizational problems. A central issue is to determine whether any change has actually occurred or whether the organization is simply functioning as it did previously. In addition, there are problems of implementation: new value-based initiatives may conflict with the pre-existing system; they may not be adequately reflected in training programs; and there may be differential impacts on departments and agencies. We analyze problems in this new organizational mix in a classical Weberian bureaucracy, the Hong Kong civil service. The findings are based on a 2011–2012 administrative ethics survey of 355 senior public servants, a separate survey of 70 Ethics Officers, and semi-structured interviews with 32 senior public servants.