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Economic and financial news-growing importance

出自香港新聞網 - 樹仁新傳系學生實習習作

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Economic and Financial news can be found easily nowadays, Tim Chan, the executive chief editor of Hong Kong Economic Journal said, financial news has already become an essential element in Hong Kong.

Ever since 1980s, there have been more and more independent financial group in different media, such as the 24-hour financial channel in TV, the Metro Finance radio news, the Hong Kong Economic Journal etc. This shows that there is indeed a growing demand for the economic and financial news in Hong Kong. “ Hong Kong people are affected by the financial news unconsciously”. He said.

However, Chan critizes that the pace of financial news in Hong Kong is still slow and disappointing, when compared with other financial center. He said the stock and warrant market as well as the foreign currency market in Hong Kong do very well. These flourishing activities need relative enough financial medium to compatible with, in order to facilitate a better development. He points out that in London, there is FT while in USA, there are CNN, CNBC, Wall Street Journal to provide professional financial news and reports. Chan emphasizes that financial news is an important element in Hong Kong. He encourages journalism students to work hard and pay more attention to it, and contribute to this important field in the future.

Concerning the future of newspaper industry, Chan said the newspaper industry is dying, but it will exist in another form, such as online digital media. As people can access information from the Internet easily nowadays, they are more eager to get more information. Therefore, there is still a large room for news to develop in the Internet. “ It is the best time to join the media company now”, Chan concluded.

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