1. Transformation of Hong Kong Economy
On the role of Hong Kong in 19th century:
  1. Keller, W., Li, B., & Shiue, C. H. (2011). China’s foreign trade: Perspectives from the past 150 years. The World Economy, 34(6), 853-892.

On the great relocation under China's economic reform:
  1. Hsieh, C. T., & Woo, K. T. (2005). The impact of outsourcing to China on Hong Kong's labor market. American Economic Review, 95 (5), 1673-1687. 

On the contemporary industrial structure of Hong Kong:
  1. Statistics on the four key industries and other selected industries, Census and Statistics Department HKSAR (https://www.censtatd.gov.hk/hkstat/sub/so80.jsp)

2. Growth Policy and Experience
  1. Young, A. (1992). A tale of two cities: factor accumulation and technical change in Hong Kong and Singapore. NBER macroeconomics annual, 7, 13-54.

Statistics for Growth Accounting
  1. Feenstra, Robert C., Robert Inklaar and Marcel P. Timmer (2015), "The Next Generation of the Penn World Table" American Economic Review, 105(10), 3150-3182 (Penn World Table version 9.1)


3. Public Finance
On the fiscal structure of Hong Kong and future challenges:
  1. Working Group on Long-Term Fiscal Planning (2014). "Report of the Working Group on Long-Term Fiscal Planning (Phase One/Two)" 
  2. HKSAR. (2006). “Broadening the Tax Base Ensuring Our Future Prosperity. What’s the Best Option for Hong Kong?”, Chapter 1.
  3. Commission on Poverty (2015). "Retirement Protection Forging Ahead: Consultation Document"
​
Understanding fiscal policy and reserves management:
On cyclicality of fiscal policy:
  1. Ilzetzki, E., & Végh, C. A. (2008). Procyclical fiscal policy in developing countries: Truth or fiction? (No. w14191). National Bureau of Economic Research.
On fiscal policy discretion:
  1. Fatás, A., & Mihov, I. (2003). The case for restricting fiscal policy discretion. The Quarterly Journal of Economics, 118(4), 1419-1447
On management of (fiscal) reserves:
  1. Venables, A. J. (2016). Using natural resources for development: why has it proven so difficult?. Journal of Economic Perspectives, 30(1), 161-84.​

4. Monetary System
Monetary Statistics of Hong Kong
  1. Monthly Monetary Bulletin, Hong Kong Monetary Authority

On the historical development of HK's linked exchange rate system:
  1. Jao, Y. C. (1998). The Working of the Currency Board: The Experience of Hong Kong 1935–1997. Pacific Economic Review, 3(3), 219-241.

On the experience of HK's linked exchange rate system during Asian Financial Crisis:
  1. Lui, F. T., Cheng, L. K., & Kwan, Y. K. (2003). Currency board, Asian financial crisis, and the case for put options. In Exchange Rate Regimes and Macroeconomic Stability (pp. 185-214). Springer, Boston, MA.

On the costs of HK's monetary system:
  1. Devereux, M. B. (2003). A tale of two currencies: The Asian crisis and the exchange rate regimes of Hong Kong and Singapore. Review of International Economics, 11(1), 38-54.
  2. Lu, D., & Yu, Q. (1999). Hong Kong's exchange rate regime:: Lessons from Singapore. China Economic Review, 10(2), 122-140.

5. Hong Kong as an International Financial Centre
Understanding financial development:
  1. Demand for external finance by industry in: Rajan, R. G., & Zingales, L. (1998). Financial Dependence and Growth. American Economic Review, 559-586.
  2. Demand for external finance by trade sector in: Chor, D., & Manova, K. (2012). Off the cliff and back? Credit conditions and international trade during the global financial crisis. Journal of international economics, 87(1), 117-133.
  3. What matters for financial development in: ​​​
    1. Eichengreen, B., & Shah, N. (2020). The correlates of international financial‐center status. Review of International Economics.
    2. La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1997). Legal determinants of external finance. The journal of finance, 52(3), 1131-1150.
    3. La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. W. (1998). Law and finance. Journal of political economy, 106(6), 1113-1155.

​On HK's international financial center status:
  1. Jao, Y. C. (1997). Hong Kong as an international financial centre: Evolution, prospects and policies. City University of Hong Kong Press.
  2. Schenk, C. R. (2002). Banks and the emergence of Hong Kong as an international financial center. Journal of International Financial Markets, Institutions and Money, 12(4-5), 321-340.
  3. Cheung, L., & Yeung, V. (2007). Measuring the position of Hong Kong as an international financial centre. Hong Kong Monetary Authority Bulletin, 5-12.
  4. Asset and Wealth Management Activities Survey, Securities and Futures Commissio

A. Financial Markets
On market structure:
  1. Cheung, K. C., & Andrew Coutts, J. (2001). A note on weak form market efficiency in security prices: Evidence from the Hong Kong stock exchange. Applied Economics Letters, 8(6), 407-410.
  2. Cheuk, M. Y., Fan, D. K., & So, R. W. (2006). Insider trading in Hong Kong: Some stylized facts. Pacific-Basin Finance Journal, 14(1), 73-90.
  3. Chang, E. C., Cheng, J. W., & Yu, Y. (2007). Short‐sales constraints and price discovery: Evidence from the Hong Kong market. The Journal of Finance, 62(5), 2097-2121.
  4. Ahn, H. J., Bae, K. H., & Chan, K. (2001). Limit orders, depth, and volatility: Evidence from the stock exchange of Hong Kong. The Journal of finance, 56(2), 767-788.

On regulatory approach:
  1. La Porta, R., Lopez‐de‐Silanes, F., & Shleifer, A. (2006). What works in securities laws?. The Journal of Finance, 61(1), 1-32.
  2. Stigler, G. J. (1964). Public regulation of the securities markets. The Journal of Business, 37(2), 117-142
  3. Cheng, W. Y., Cheung, Y. L., & Tse, Y. C. (2006). The impact on IPO performance of more stringent listing rules with a pre‐listing earnings requirement: evidence from Hong Kong. Journal of Business Finance & Accounting, 33(5‐6), 868-884.

Understanding some timely issues:
  1. Weighted Voting Rights in: 
    1. Bertrand, M., Mehta, P., & Mullainathan, S. (2002). Ferreting out tunneling: An application to Indian business groups. The Quarterly Journal of Economics, 117(1), 121-148.
    2. Masulis, R. W., Wang, C., & Xie, F. (2009). Agency problems at dual‐class companies. The Journal of Finance, 64(4), 1697-1727.
  2. Reverse takeovers and shells in: 
    1. Gleason, K. C., Rosenthal, L., & Wiggins III, R. A. (2005). Backing into being public: an exploratory analysis of reverse takeovers. Journal of Corporate Finance, 12(1), 54-79.
    2. Floros, I. V., & Sapp, T. R. (2011). Shell games: On the value of shell companies. Journal of Corporate Finance, 17(4), 850-867.
  3. Mutual market access in:
    1. Lamont, O. A., & Thaler, R. H. (2003). Anomalies: The law of one price in financial markets. Journal of Economic Perspectives, 17(4), 191-202.

B. Banking Sector
On Banking Sector Development
  1. Banking Sector Performance, Half-Yearly Monetary and Financial Stability Report, Hong Kong Monetary Authority

On Transmission of International Shocks
  1. Ho, Kelvin and Wong, Eric and Tan, Edward. (2016). International Banking and Cross-Border Effects of Regulation: Lessons from Hong Kong. HKIMR Working Paper No.12/2016.
  2. Kwan, Simon H. and Wong, Tak-Chuen and Hui, Cho-Hoi. (2015). The International Transmission of Shocks: Foreign Bank Branches in Hong Kong During Crises. HKIMR Working Paper No.02/2015. 
  3. Wong, E., Tsang, A., & Kong, S. (2015). International Banking and Liquidity Risk Transmission: Evidence from Hong Kong SAR. IMF Economic Review, 63(3), 515-541.

5. Hong Kong as an International Trade Centre
Trade Statistics of Hong Kong
  1. Interactive Data Dissemination Service for Trade Statistics, Census and Statistics Department
  2. Offshore Trade in Goods, Census and Statistics Department

Economics of Trade Intermediation
  1. Feenstra, R. C., & Hanson, G. H. (2004). Intermediaries in entrepot trade: Hong Kong re‐exports of Chinese goods. Journal of Economics & Management Strategy, 13(1), 3-35.
  2. Fisman, R., & Wei, S. J. (2004). Tax rates and tax evasion: evidence from “missing imports” in China. Journal of political Economy, 112(2), 471-496.
  3. Fisman, R., Moustakerski, P., & Wei, S. J. (2008). Outsourcing tariff evasion: A new explanation for entrepôt trade. The Review of Economics and Statistics, 90(3), 587-592.
  4. Fung, H. G., Yau, J., & Zhang, G. (2011). Reported trade figure discrepancy, regulatory arbitrage, and round-tripping: Evidence from the China–Hong Kong trade data. Journal of International Business Studies, 42(1), 152-176.