Stephen Ching
Dr. Stephen CHING
經濟學
Associate Professor

2857 8504

KK 1013

Biography

Stephen Ching did his undergraduate and master in economics at The University of Hong Kong; PhD at the University of Rochester, where he was awarded with the Conibear Prize. He left the City University of Hong Kong and returned to his alma mater in 2002.

His research is related to different areas in economics, which include game theory, mechanism design, industrial organization, and international economics. He has published in the Economics Letters, International Journal of Game Theory, Journal of Economic Theory, Regional Science and Urban Economics, Review of International Economics, and Social Choice and Welfare. His papers have also appeared in the Asia-Pacific Journal of Taxation and Pacific Economic Review, as a result of invited submissions.

His research activities extend outside the academia. He is the first Hong Kong academic appointed as a research fellow by the Hong Kong Monetary Authority. He was the senior consultant of the project, An Extended Study of the Key Economic Characteristics of Indirect Taxes in Hong Kong, commissioned by the Government of the HKSAR. He was also appointed as consultants by the Hong Kong Coalition of Service Industries, Pacific Basin Economic Council, and the former Hongkong Telecom.

He is the only economic professor in Hong Kong who is a CFA charterholder. He also holds the title of Financial Risk Manager (FRM). He has been invited to give professional workshops at the Central University of Finance of Economics, Renmin University, Research Institute of Tsinghua University in Shenzhen, and Shanghai University of Finance and Economics.

Selected Publications

  • “Contestability of the Urban Land Market: An Event Study of Hong Kong Land Auctions”,
    (with Yuming Fu), Regional Science and Urban Economics, forthcoming.
  • “A Maximal Domain for the Existence of Strategy-Proof Rule”,
    (with Shigehiro Serizawa), Journal of Economic Theory, 78(1), January 1998, pp.157-166.
  • “Strategy-Proofness and ‘Mdian Voters'”,
    International Journal of Game Theory, 26(4), 1997, pp.473-490.
  • “A Simple Characterization of Plurality Rule”,
    Journal of Economic Theory , 71(1), October 1996, pp.298-302.
  • “An Alternative Characterization of the Uniform Rule”,
    Social Choice and Welfare, 11(2), April 1994, pp.131-136.

Recent Publications

從行為經濟學角度剖析疫苗接種計劃

針對2019冠狀病毒病研製而成的兩種疫苗(Pfizer-BioNTech和Moderna),近日獲得美國食品及藥物管理局的批准,得以在美國廣泛使用;與此同時,其他疫苗的研發也正進行得如火如荼。可以預見,不久將有更多疫苗獲批面市。疫苗研發成功固然是好消息,但要戰勝病毒、重啟經濟,前路依然漫長。

程騰歡、牟昊鑫:改革新股分配 完善金融市場

最近,原定於11月5日在上交所和港交所同步上市的螞蟻集團,在滬港兩交易所暫緩上市。這次暫緩上市不僅影響了外界對螞蟻集團的評價,更導致了投資者融資認購所帶來的利息問題。融資認購是指投資者以投資帳戶內的資產為基準,以某個槓桿倍率向銀行或券商借貸,以此來認購更多新股。當新股配售結束時,無論獲發新股與否,投資者都需要支付利息。這次螞蟻集團的暫緩上市,讓不少投資者都蒙受了利息損失。其中,通過加倍槓桿來進行超額認購的投資者或會首當其衝。

物業稅的資本化

The article 《物業稅的資本化》 was originally published in Hong Kong Economic Journal column 「龍虎山下」

善用物業稅項 有效管理需求

Article by Associate Professor Dr Stephen Ching and Research Assistant Mr Peter Mu in Ming Pao Daily.

Reform property rates to play down the importance of keeping land prices high

樓價過高一向是香港亟待解決的問題之一。觀乎香港自1997年回歸後的22個財政年度(1997/98至2018/19),四類主要私人物業售價指數升幅可觀,私人住宅上升超過130%,私人寫字樓上升逾150%,零售業樓宇升幅約210%,分層工廠大廈增幅更逾420%。樓價升勢與地價高企關係密不可分。

加差餉減地價 完善公共理財

Article by Dr. Stephen Ching, Associate Professor in Economics, on his suggestions to government's public policy.

Monty Hall problem and Behavioural Economics

Monty Hall(1921-2017)是經典電視遊戲節目Let's Make a Deal主持人。節目在1963年首播;自此,Monty Hall一直是節目主持,至1986年節目一度停播為止。作為Let's Make a Deal首任節目主持人,主持此節目更逾20年,Monty Hall自然成為Let's Make a Deal的代表。(Let's Make a Deal是長青節目,目前仍在美國電視網絡CBS播放,現任節目主持為Wayne Brady。)

程騰歡:全民檢測與「假陽性悖論」

Opinion piece by Dr. Stephen Ching, Associate Professor in Economics

長策紙上談兵 供求失衡惡化

Opinion piece by Dr. Stephen Ching, Associate Professor in Economics

Long term housing strategy aggravates housing burden

香江寓所,供不應求;房價飆升,年復一年;能負擔者,寥寥無幾;問題累積,深層次矣;長遠房策,標本不治;對症換藥,方有轉機。

派錢宜獨立審批 預算須合乎憲法

Article by Dr. Stephen Ching, Associate Professor in Economics, responding to the 2020-2021 Budget announced by the HKSAR Government.

Unrealistic anti-epidemic measures

The article 《抗疫措施 不切實際》 was originally published in Hong Kong Economic Journal column 「龍虎山下」

Rationalise Proportional Representation system to accurately reflects voters’ aspiration

The article 《理順比例代表制度 準確反映選民意願》 was originally published in Hong Kong Economic Journal column 「龍虎山下」

比例代表制的荒謬之處

Opinion piece by Dr. Stephen Ching, Associate Professor in Economics

Overdoing can backfire

The article 《事與願違 過度有為》 was originally published in Hong Kong Economic Journal column 「龍虎山下」

重建信任 勝於對話

Opinion piece by Dr. Stephen Ching, Associate Professor in Economics

“Confirmation Bias”: an illustration from the political analogy of a poetic advertisement

The article 《「確認偏見」——由黃台之瓜說起》 was originally published in Hong Kong Economic Journal column 「龍虎山下」

Framing effects and the style of Carrie Lam

The article 《「表述效應」與林鄭風格》 was originally published in Hong Kong Economic Journal column 「龍虎山下」

Creating win-win outcomes with a suitable auction design

The article 《招標設計得宜 買賣兩方雙贏》 was originally published in Hong Kong Economic Journal column 「龍虎山下」

Remarkable Mechanism Design in Auction

The article 《慣用的拍賣招標 非凡的制度設計》 was originally published in Hong Kong Economic Journal column 「龍虎山下」

Reclamation and New Town Development Indispensable for Filling the Land Supply Gap

The article 《填補土地供應大缺口 填海發展新區不能少》 was originally published in Hong Kong Economic Journal column 「龍虎山下」