Making tracks

Article Abstract:

The Hong Kong government bought stocks in 1998 during the Asian financial crisis, and is to sell those stocks with the blessing of financiers who had initially criticized the move. The stock market has recovered since the purchases were made. The government plans to use a mutual fund as one way of selling the stocks. The stocks in this mutual fund will be traded. This is one idea that the government has proposed for selling the stocks, and interest could be increased in pooled investments as a result of the plan.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Investment Offices, Investment Companies, Open-End Investment Funds, Stock-exchange, Stock exchanges, Exchanges, Economic policy, Hong Kong, Mutual funds

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Asia goes on the dole

Article Abstract:

Indonesia, South Korea and Thailand are the three nations affected most by the Asian economic crisis. Unemployment in these countries has approximately doubled. East Asian strategies of dealing with unemployment should keep in mind the lessons learned from mistakes already made in Europe.

Economic aspects, Unemployment, East Asia

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