Finance
The banks at the time were not regulated by the Government. There were no central banks or monetary policies. The Governor did not want to regulate the Hong Kong Stock Exchange even though it had become a serious problem in financing the fast growing economy at the time. Manufacturers constantly complained about the shortage of investments. Pressure was coming from within and outside Hong Kong to get the policies fixed.
Read more about this topic: 1950s In Hong Kong, Economy
Famous quotes containing the word finance:
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
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