壟斷性公有資產在政府手上效率不高, 唔能夠釋放資產價值, 提高競爭力。
但壟斷性資產上巿自然盈利至上, 缺乏社會責任。
我認為將壟斷性公有資產包裝成MPF 基金為一種中庸之道。
若政府有意將香港機場管理局, 市區重建局, 隧道管理權上巿... 上巿, 可考慮巿民於MPF 基金的購買力。
Monopolies owned by the public are not likely to operate efficiently and stay competitive.
On the other hand, privatization of these companies through listing always leads to another widely condemned issues - lack of corporate social responsibilities.
A viable alternative to privatization is securitization of such asset into MPF products, which inherently cater the needs for the public interest and retirees.
If the HKSAR intended to list the Airport Authority Hong Kong, the Urban Renewal Authority and any franchises of Hong Kong Tunnel, they should also consider both listing in HKEx and securitization as MPF products.
First year of listing | Companies | Total return index as at 29 May 2020 (Datastream) | Closing price as at 29 May 2020 |
| Closing price as at 31 July 2020 | Market capitalization as at 31 July 2020 |
2000 | 0066 MTR | 610.01 | 37.15 |
| 38.500 | 237.86B |
2000 | 0388 HKEx | 6702.88 | 270.2 |
| 370.200 | 469.35B |
2005 | 0823 LINK | 867.78 | 57.95 |
| 60.150 | 124.42B |
No comments:
Post a Comment