CORPORATE GOVERNANCE OF HONGKONG 1. Overview of recent corporate governance reforms A. Recent initiatives There have been numerous recent changes in Hong Kong in relation to corporate governance matters‚ extending well beyond legislation and nonbinding codes. The roles of relevant regulators have also been examined and proposed changes made. As far as legislation is concerned‚ the most significant change is the introduction of the Securities and Futures Ordinance‚ which came into force on
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In the past‚ Hong Kong education was closely modeled on the system that was found in the UK. This is hardly surprising since Hong Kong was administered by Britain from 1841 to 1997‚ when the former UK colony was handed back to China. However‚ since 1997‚ the education system taught in local schools has undergone a series of changes. While some of these changes have reflected different language of instruction policies‚ there have also been changes to the senior secondary curriculum. The new model
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(December 2004March 2008) Hong Kong Accounting Standard 27 Consolidated and Separate Financial Statements* * This HKAS 27 is applicable for annual periods beginning on or after 1 January 2005 but before 1 July 2009. HKAS 27 (Revised) issued in March 2008 is applicable for annual periods beginning on or after 1 July 2009 and supersedes this HKAS 27. 1 HKAS 27 COPYRIGHT © Copyright 2008 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial Reporting Standard contains
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high-flying rivalry Hong Kong may still be the dominant regional banking centre but Singapore is an ever more favoured location. When Thomas McMahon and his Indian backers were deciding where to locate an Asian commodities exchange‚ they turned initially to Hong Kong – attracted by its proximity to China and the mainland’s booming‚ commodity-hungry economy. Three years later‚ the exchange‚ a subsidiary of India’s Financial Technologies group is about to open – not in Hong Kong but nearly four hours
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Insider dealing in Hong Kong Although insider dealing has been a criminal offence under section 291 of Chapter 571‚ Securities and Futures Ordinance (SFO) in Hong Kong since 2003‚ the Securities and Futures Commission (SFC) was initially slow to prosecute offenders‚ commencing its first criminal insider dealing prosecution only in January 2008. Factors to be considered to commence criminal proceedings In deciding whether to commence criminal proceedings against an alleged insider dealer
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Mainland Students in Hong Kong By now‚ it’s been 13 years since Hong Kong was handed over to China. Since 2002‚ Hong Kong universities began to recruit students in mainland China. Since then‚ there have been more and more mainland students rushing to Hong Kong to pursue undergraduate or postgraduate studies. According to the statistics of Hong Kong’s government
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Corporate Governance in Hong Kong 1. Corporate Governance in Hong Kong Hong Kong’s position as an international economic and financial center is attributed to its exemplary corporate governance. With Hong Kong’s various authorities and regulatory bodies emphasizing on transparency and accountability for listed companies‚ Hong Kong was ranked first for corporate governance among 11 Asian countries in 2007. (Refer to Appendix 1) The Stock Exchange of Hong Kong (SEHK) describes corporate
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This following report is based on the environmental impacts and issues Hong Kong Disneyland has on the hospitality and tourism industries. Disneyland was first opened in Los Angeles in the year 1955 and is owned and operated by The Walt Disney Company. It was aimed for entertainment and family and is one of the most popular and well-known theme parks in the world. Later on‚ Disneyland opened in three more countries‚ which includes Florida‚ Japan and Europe. Visitors were offered exciting roller
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1. Introduction Hong Kong‚ with only 1100 ㎢ land‚ is regarded as the one of the most success country in global market. Although‚ to be exact‚ Hong Kong is the special administrative regions of China and isn’t independent country‚ because of the agreement ratified when Hong Kong was returned from U.K in 1998‚ Hong Kong is given high autonomy from mainland china by owning individual law system and‚ then‚ is seems as the virtually independent country in international business and economics; many international
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Hong Kong International Airport Students Name/ ID No. : 1. Lee Pin Lit 2. Ng Wei Han 3. Yong Zi Lip 4. Lee Leong Yong 5. Loo Jia Long Lecturer Name : Shervin Motamedi ( M. Sc ) Table of Contents * Introduction * Design * Construction Stage and Process * Intentions of management or designer * Environmental risk mitigation * Conclusion Introduction : Hong Kong International Airport is one of the greatest civil engineering
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