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Y.C. Richard Wong
Chair of Economics
Philip Wong Kennedy Wong Professor in Political Economy
Tel:2859-1122
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bulletBIOGRAPHY

Y C Richard Wong received his Ph.D. from the University of Chicago in 1981. He was Visiting Scholar at the National Opinion Research Center, University of Chicago in 1985 and at the Hoover Institution, Stanford University in 1989. He joined the School in September 1992, served as Director (1997-2000) of the School of Business, Dean (2001-04) and Acting Dean (2004-07) of the Faculty of Business and Economics, and Deputy Vice-Chancellor and Provost (2004-2010).

 

Richard is founding Director of the Hong Kong Centre for Economic Research (1987-) and the Hong Kong Institute of Economics and Business Strategy (1999-); a recipient of the Sir Antony Fisher International Memorial Award for his work in advancing economic research on policy issues in Hong Kong; and principal investigator of the Area of Excellence Grant in economic policy and business strategy awarded by the University Grants Committee in 1999. 

 

He had served on a number of public bodies, including, the Exchange Fund Advisory Committee, Housing Authority, Industry and Technology Development Council, and University Grants Committee; and on the Central Policy Unit, Chief Executive’s Commission on Innovation and Technology, Commission on Strategic Development-Committee on Economic Development and Economic Cooperation with the Mainland, Council of Advisors on Innovation and Technology, Dental Council, Economic Advisory Committee, Hospital Authority, Pacific Economic Cooperation Council (Hong Kong Committee), Land and Building Advisory Committee, and Financial Secretary’s Services Promotion Strategy Group.

 

He was awarded the Silver Bauhinia Star in 1999 by the Government of the Hong Kong Special Administrative Region in recognition of his contributions to education, housing, and industry and technology development. He was appointed a Justice of the Peace in 2000.

 

He has been Chairman of the Judging Panel of the DHL/SCMP Hong Kong Business Awards since 2006.

 

His current research focuses are public housing in Hong Kong, the political economy of laissez faire in Hong Kong, and regional economic development in China.

 

His research on public housing studies the welfare effects of the government public housing strategy and recommends the sale of public housing units to improve efficiency and equity.

 

He is studying the political economy for the economic success in Hong Kong during the post-war period focusing on the policy of positive non-interventionism. It includes a detailed analysis of all major facets of the Hong Kong economy and society. Structural transformations of Hong Kong's economy and the new division of labour have given rise to numerous highly vocal special interest groups. The research is devoted to the articulation of the challenges and opportunities presented by the opening of China, the integration of Hong Kong with China under one-country two-system, the rising competition from our neighbours amidst rapid structural transformation of the Hong Kong economy, and the globalization of world markets, with special emphasis on the mobility of human resources.

 

He has led pioneering efforts in studying regional economic development in the Pearl River Delta and Yangzi River Delta regions following China’s economic transformation.  His research has revealed on the critical role of Hong Kong in regional and national economic development from the perspective of institutional change and innovation.

 

He writes a weekly political economy column for the Hong Kong Economic Journal and maintains a blog at http://www.wangyujian.com/.
PUBLICATIONSbullet
  • "Competition in China’s Domestic Banking Industry,"
    (with SML Wong), Cato Journal, Vol. 21, No. 1, Spring 2001, pp.51-68.
  • Asian Financial Crisis: Causes and Development
    (with E Chang, AKF Siu, YF Luk, PS Tso and WC Kwan), Hong Kong Institute of Economics and Business Strategy, Hong Kong, 2001, 150 pages (in English) & 135 pages (in Chinese).
  • "Hong Kong from an Industrialized City to a Center of Manufacturing-Related Services,"
    (with Z Tao), Urban Studies, Vol. 39, no. 12, 2002, pp.2345-2358.
  • "The Asian Financial Crisis, Economic Recession, and Structural Change in Hong Kong,"
    Journal of Asian Economics, 13, 2002, pp.623-634.
  • "Family Networks, Corporate Governance, and Economic Performance in East Asia,"
    in KY Tan (ed.), Asian Economic Recovery: Policy Options for Growth and Stability, Singapore University Press, March 2002, pp.148-156.
  • Made in PRD, The Changing Face of HK Manufacturers: Part I Report
    (with AKF Siu, MY Wong and GSW Choi), commissioned by the Federation of Hong Kong Industries, funded by Industrial Support Fund and sponsored by 31 manufacturing companies, Hong Kong Centre for Economic Research, December 2002, 19 pages.
  • Made in PRD, The Changing Face of HK Manufacturers: Part II & Full Report
    (with AKF Siu, MY Wong and GSW Choi), commissioned by the Federation of Hong Kong Industries, funded by Industrial Support Fund and sponsored by 31 manufacturing companies, Hong Kong Centre for Economic Research, July 2003, 92 pages.
  • "Pearl River Delta Super Zone – How to Build a Global Powerhouse in the Delta,"
    in E Terry (ed.), Pearl River Super Zone – Tapping into the World’s Fastest Growing Economy, SCMP Book Publishing, Hong Kong, October 2003, pp.1-4 .
  • "Hong Kong in the Pearl River Delta: China’s First Global City – An Inseparable Partnership,"
    in E Terry (ed.), Pearl River Super Zone – Tapping into the World’s Fastest Growing Economy, SCMP Book Publishing, Hong Kong, October 2003, pp.160-170.
  • "The Role of Hong Kong in China's Economic Development,"
    East Asian Economic Perspectives, Vol. 14, No. 2, August 2003, also published in Higasi Asia he no Shiten, Japan, June 2003 (in Japanese).
  • "The Tenants Purchase Scheme and Home Ownership Scheme Secondary Market,"
    in YM Yeung and TKY Wong (eds.), Fifty Years of Public Housing in Hong Kong, The Chinese University Press, Hong Kong, December 2003, pp.283-297 (English Version), pp. 265-278 (Chinese version).
  • "Economic Impact of SARS: The Case of Hong Kong,"
    (with AKF Siu), Asian Economic Papers, 3:1, MIT Press, Winter 2004, pp.62-83.
  • "Hong Kong: from Entrepôt to Manufacturing and then to Producer Services,"
    (with Z Tao), in A Chen, GG Liu and KH Zhang (eds.), Urban Transformation in China: Theory, Evidence and Policy, Ashgate Publishing Ltd., England, August 2004.
  • Rethinking Hong Kong’s Human Resources and Competitiveness: A Pre-Policy Study
    (with HFH Siu and D Faure), Interim Report sponsored by the 2022 Foundation, Hong Kong Institute for the Humanities and Social Sciences, The University of Hong Kong, October 2005, 148 pages.
  • "Counting the Economic Costs of SARS,"
    (with A Siu), in M. Peiris, LJ Anderson, ADME Osterhaus, K Stohr, KY Yuen (eds.), Severe Acute Respiratory Syndrome, Blackwell Publishing Ltd., November 2005, pp.213-230.
  • Made in PRD: Challenges & Opportunities for HK Industry
    (with AKF Siu, GSW Choi and EKY Chan), commissioned by the Federation of Hong Kong Industries and sponsored by 118 manufacturing companies, Hong Kong Centre for Economic Research, April 2007, 131 pages.
  • "The Asian Financial Crisis, Deflation, and Structural Change in Hong Kong,"
    in Y Shimizu (ed.), Economic Dynamism of Asia in the New Millennium, World Scientific Publisher, 2007, pp.31-50.
  • Retaking Economic Center Stage – Integration and Transformation of the Yangzi River Delta Economic Region
    (with X Lu, Z Tao et al), Shanghai People’s Press, Shanghai, PRC, 2007, 272 pages (in Chinese).
  • "The Importance of Migration Flow to Hong Kong's Future,"
    (with K F Wong), in HFH Siu and A Ku (eds.), Hong Kong Mobile: Making a Global Population, HKU Press, Hong Kong, 2008, pp. 89-116.