Exchange Rate System in Hong Kong On Nov 16‚ 2011‚ The IMF Staff Mission visited Hong Kong and showed endorsement on keeping the linked exchange rate in place (HKISD‚ 2011)‚ in spite of the voices of the abolition of the system‚ which causes adverse effects to the Hong Kong economy with monetary policies by the FED (Stephen‚ 2010). This system has been in function from the year 1983. It grants the HKD stability predictability and attracts foreign investments‚ turning Hong Kong into the world financial
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Disney/Hong Kong Case Negotiation In negotiations between the Hong Kong government and Disney‚ we have established measures we would like to observe going forward. The most important matter included is job creation and economic boost to Hong Kong and the surrounding areas. Both parties (Hong Kong and Disney) can create value and gain favorable returns. Our negotiations are not limited and will be open to different plans. From a cultural perspective‚ negotiations with the Hong Kong government
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The 3 objects that represent Hong Kong Culture? Hong Kong is said to be a “Cultural Desert”. However‚ Red-White-Blue bags‚ Cha Chaan Teng and Cantonese Opera are three objects that can represent Hong Kong culture and the spirit of Hong Kong people. Red-White-Blue bag represents the hardworking Hong Kong people. Red-White-Blue bag is a common travel bag used by Hong Kong people‚ especially in low-class family. Most of the bags contained all red‚ blue and white color stripes. However‚ these bags
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inflation in Hong Kong Over the past few years‚ the prices of food have been increasing in Hong Kong. The Hong Kong Census and Statistics Department (2010) reported that the increase in food price in 2009 was relatively large. Some of the food items that experienced surges in prices included live chicken (20% increase in average retail price) and fresh beef (7% increase in average retail price). Outcries by the public have suggested that this food price inflation has had a negative impact on Hong Kong’s
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Violence gangs and triad society Introduction Violence committed by young people is one of the most visible forms of violence. The ratio of youth is the largest in offending crime of violence‚ the reason is the involvement of triad society’s activities. (車焯堅‚2000) Local scholars have pointed out that‚ all youth gangs is related to triad society‚ the member of youth gangs identify with the subculture of triad society‚ it is easy to involve in crimes. (HKFYG‚ 2000) Due to the tally of youth gang
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The experience in France did not help Disney to avoid some of the problems in Hong Kong since the business environment is different between Euro and China. In 2007‚ the visitors of Hong Kong Disneyland dropped nearly 30 percent. Customers complained about the size of Hong Kong Disneyland and they are unfamiliar with Disney’s characters. First of all‚ the reason of low acceptance of Disney in China is different from that in France. When the Disneyland opened in France‚ it was not welcomed by the
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Should Public Exams Be Abolished In Hong Kong? Public examinations play an important role in a student‘s life‚ especially in Hong Kong. Nowadays‚ there is no other ways to promote into university in Hong Kong unless passing the examination. Students have to sit for 2 major public exams including The Hong Kong Certificate of Education Examination(HKCEE) and The Hong Kong Advanced Level Examination(HKALE). Should public exams be abolished in Hong Kong? This topic is a hot issue that many
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Dynamic Hong Kong: from a post-colonial city to a post-metropolis Part 1. Introduction Hong Kong‚ once a British colony after the wars‚ has been well-known as a vibrant metropolitan. After 99 years of British rule‚ Hong Kong was handed over to China in 1 July 1997. After a long period of western culture instillation‚ Hongkongers remain confused about their identity in the recent 16 years of post-colonial period. This struggle in identity can be reflected from the city’s cultural‚ economic and
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Project Proposal Of Hong Kong International Airport Department of Information Systems *** Project Proposal *** Introduction Hong Kong International Airport (HKIA) is the third busiest international passenger airport and operates the busiest international cargo facility in the world. It has been ranked as the busiest airport for international air cargo since 1996. In 2010‚ 50.9 million passengers used HKIA‚ and some 4.1 million tonnes of air cargo passed through Hong Kong. HKIA is connected
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Environmental Scanning Political This factor is normally affected by the strategy or agreement of government. In Hong Kong‚ not only the local government will affect the hospitality‚ also the China government. We analyze that there are two political issue which increasing the Hong Kong inbound tourism and business between foreigner to China. They are Closer Economic Partnership Arrangement (CPEA) and World Trade Agreement (WTO). China government opened the market to the world and accepted the transaction
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