Explain of how the Linked Exchange Rate System works in Hong Kong. A Linked Exchange Rate systems function is to keep a currency stabile to another. In this manner‚ the HK Dollar has been linked to US Dollar at the rate of 7.8 HKD to 1 USD‚ since 1983. In order to maintain this exchange rate‚ any change in the monetary base is fully backed by a corresponding change in the respective currency at this exchange rate. Most banknotes in HK are issued by three note-issuing banks. So for example
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Only insurers and insurance intermediaries‚ who are insurance agents and insurance brokers‚ are regulated in Hong Kong. The law‚ Commissioner of Insurance (IA) and the Insurance Intermediaries Qualifying Examination are the major forms of regulation used in the insurance industry in Hong Kong. The relevant legal framework for the regulation of insurers is provided by the Insurance Companies Ordinance (Cap.41) ‚ and its subsidiary legislation including Insurance Companies (Determination of Long
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Hong Kong’s Experience in Operating the Currency Board System Priscilla Chiu Hong Kong Monetary Authority I. INTRODUCTION When Hong Kong revived the currency board arrangements in October 1983‚ it faced a financial world that was vastly different from that earlier in the century when currency boards flourished in British colonies and protectorates.1 Bank deposits had taken over currency notes as the predominant medium of exchange. Capital mobility had been significantly enhanced:
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product‚ McDonald¡¦s faces great challenge from Mos Burger. Mos Burger¡¦s Pricing Startegy The price of Mos Burger is relatively high compared with McDonald¡¦s. However‚ as it is in the introductory stage‚ people are less sensitive to price. Hong Kong people value new products and are willing to pay high price to try something new and unique. Moreover‚ Mos Burger has very clear relative advantage over its competitors. These all allow skimming pricing strategy to be adopted. Below is the comparative
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United Kingdom Economic Situation Summary: * In brief * UK’s Rating in Question * Europe’s Responsibility in UK situation * How Does the UK Respond About Fiscal Integration? * 2012 Forecasts * Conclusion United Kingdom in brief: Population: 62‚262‚000 Currency: GBP GDP per capita: $35‚646 (17th) Inflation: 4.2% France: 2‚7% Unemployment: 8.1% Public debt: 62‚8% of GDP over a trillion since beginning of the year. Balance of trade is negative. London is the
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International Marketing Written Report 1 Starbucks – A Coffee Kingdom How it comes to enter into the Hong Kong market? Content Introduction ......................................................................................................................................... 1 An introduction of Starbucks .............................................................................................................. 2 History...........................................................
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CONSUMER DEMAND AN ECONOMETRIC IN HONG KONG ANALYSIS 1 E. R. LIM * Introduction The objectives of consumer demand analysis are first‚ to isolate a few major variables from the many and complex factors influencing consumer behaviour‚ and second‚ to verify empirically that this relatively small number of parameters gives a reasonable explanation of a wide range of observations on consumer behaviour. The quantitative knowledge thus obtained is necessary for the study of economic development
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Title and Description Title: Cyber bullying in Hong Kong – the major causes and the possible solutions Description: 1. To examine and analyze the majors causes for cyber bullying in Hong Kong. 2. Suggest ways for eliminating cyber bullying in accordance to the causes found. Descriptions of the Tool(s)/Method(s) Adopted for the Data Collection - The methods are both qualitative and quantitative. Quantitative method - sending out questionnaires 50 questionnaires consisting 10 multiple-questions
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OASIS HONG KONG AIRLINES LIMITED – WHAT WENT WRONG AND WHAT SHOULD HAVE DONE TO SAVE IT FROM BANKCRUPTCY Table of Content 1. 2. 3. 4. 5. 6. Company Background Liquidation Timeline Causes of Failure Impacts of Oasis’s Case What Should Have Done to Save Oasis from Bankruptcy Conclusion Company Background Oasis Hong Kong Airlines Limited • Long-haul budget airline • Hub at Hong Kong International Airport • Founder Mr. Raymond Lee Ms. Priscilla Lee • Started operation – Oct 26‚ 2006 Company
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THE THIRD RUNWAY I N HONG KONG AIRPO RT Chan Sze Nam 5E26 Video clip 史上最貴 造價千四億 三跑上馬 舉債徵費籌資金 團體憂淪大白象 http://hk.apple.nextmedia.com/news/art/201 50318/19080655 Summary On 17th March ‚ the Executive Council passed th e plan of Airport Authority Hong Kong (AAHK) to build the third runway. The whole infrastructure takes 8 years and 1415 billions which is the most expensive infrastructur e since Hong Kong is opened for trade. The third runway is assumed to be opened in 2023 Why the third
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