by Tong See Wai. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 78-80). / Abstracts in English and Chinese. / Abstract --- p.i / Acknowledgements --- p.iii / Table of Contents --- p.iv / List of Tables --- p.vii / List of Figures --- p.viii / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Background and Data --- p.5 / Chapter 2.1 --- Linkage between Hong Kong's real estate market and stock market --- p.5 / Chapter 2.2 --- Review of Hong Kong mortgage lending policy --- p.6 / Chapter 2.3 --- Corporate Profiles --- p.7 / Chapter 2.3.1 --- Cheung Kong (Holdings) Limited --- p.7 / Chapter 2.3.2 --- Hang Lung Development Company Limited --- p.7 / Chapter 2.3.3 --- Henderson Land Development Company Limited --- p.8 / Chapter 2.3.4 --- New World Development Company Limited --- p.8 / Chapter 2.3.5 --- Sino Land Company Limited --- p.8 / Chapter 2.3.6 --- Sun Hung Kai Properties Limited --- p.9 / Chapter 2.3.7 --- Swire Pacific Limited --- p.9 / Chapter 2.4 --- Sources of Data --- p.10 / Chapter 3. --- Literature Review --- p.12 / Chapter 4. --- Methodology --- p.17 / Chapter 4.1 --- Nominal Rate of Capital Gain --- p.17 / Chapter 4.2 --- Internal Rate of Return --- p.19 / Chapter 5. --- Results --- p.25 / Chapter 5.1 --- Empirical Findings --- p.25 / Chapter 5.1.1 --- Results from Aggregate Data --- p.25 / Correlations of Returns --- p.26 / Average Rate of Capital Gain --- p.26 / Chapter 5.1.2 --- Results from Disaggregated Data --- p.27 / Graphs --- p.27 / Correlations of Returns --- p.28 / Property Developers --- p.28 / Housing Estates --- p.28 / Testing the Significance of Correlation --- p.29 / Cross Correlation Matrix on Stock --- p.30 / Regression --- p.30 / Average Returns on Housing and Stock --- p.31 / Unleverage --- p.31 / Leverage --- p.31 / Comparison of the Average Unleveraged Return with the Average Leveraged Return --- p.31 / Housing --- p.31 / Stock --- p.32 / Comparison of the Average Return calculated from Aggregate Data with that calculated from Disaggregated Data --- p.32 / Housing --- p.32 / Stock --- p.33 / Chapter 5.2 --- Discussion --- p.33 / Chapter 5.2.1 --- Correlation of Returns --- p.33 / Chapter 5.2.2 --- Average Return --- p.35 / Chapter 5.2.3 --- Hedging --- p.39 / Chapter 6. --- Conclusion --- p.40 / Tables --- p.41 / Figures --- p.58 / References --- p.78
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_323123 |
| Date | January 2000 |
| Contributors | Tong, See Wai., Chinese University of Hong Kong Graduate School. Division of Economics. |
| Source Sets | The Chinese University of Hong Kong |
| Language | English, Chinese |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, ix, 80 leaves : ill. ; 30 cm. |
| Coverage | China, Hong Kong, China, Hong Kong, China, Hong Kong, China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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