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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Case Study Chase’s Strategy for Syndicating the Hong Kong Disneyland Loan Analysts: Bian Min‚ Luo Min‚ Wang Hongyu‚ Zhu Haidong Syndicated loan‚ with two or more bank lenders and a single set of legal documents‚ have gained tremendous popularity among corporations to finance their projects. This report aimed at evaluating the process by which Chase Manhattan Bank (“Chase”) syndicated the HK$3.3 billion Hong Kong Disneyland financing. To begin with‚ a detailed analysis of the first-round
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the Hong Kong government was a consultative government. The definition of a consultative government is that it consults people’s opinions and listens to them. The features of a consultative Government are that it establishes communication between local associations‚ asks and listen to opinion of people‚ asks for opinion and support in decisions making‚ sets up advisory bodies to collect opinions and set up departments to consult people’s opinions. To a large extent‚ I agree that the Hong Kong government
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Feasibility of Sparkle Ltd’s Opening Jewellery Retail Store in Hong Kong PROBLEM This study was designed to analyze and evaluate the feasibility and possibility of Sparkle Ltd’s idea to open a jewellery retail store in Hong Kong. Specifically‚ the study seeks answers to these questions: * What is the opportunity for opening a jewellery retail store in Hong Kong? * What is the risk of opening a jewellery retail store in Hong Kong? * Do the advantages overweigh the disadvantages in this
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Introduction Hong Kong is famous for the hotel industry‚ and many people want to work in this industry. However‚ what really attract them to work for the hotel? Previous study shows that for the Asian countries such as Hong Kong‚ Japan the money is their primary goals for working. (Lam 2001 p.157). In different culture‚ they have different goal they are aim. As the Asian have a higher expect for the money as their concern‚ it is normal‚ because in Asia‚ their income and their expense are never get
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arrangements for Mainland visitors to Hong Kong. They are Settlement‚ Official visits‚ Private visits‚ Transit‚ Employment in Hong Kong‚ Training in Hong Kong‚ Study in Hong Kong‚ Residence in Hong Kong‚ and Holders of foreign passports in the Mainland.1 The Individual Visit Scheme (IVS) is part of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)‚ which was launched in 2003.2 Mainland visitors spent a huge amount of money in Hong Kong that fire up the recovery of HK’s economy
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Helpers in Hong Kong Content 1. Introduction 2. Background Information A) Population and Nationality of FDHs B) Major Problems 3. Relevant Policies for FDHs Loophole of the policy for the FDHs 4. FDHs in other countries 5. Suggestions on possible areas for policy changes 6. Conclusion 7. References 1. Introduction The paper is going to study the foreign domestic helpers (FDHs) work in Hong Kong‚ to see whether
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traveling in Hong Kong” in more cities in China. China people are attracted by the reputation of “Shopping Paradise” in Hong Kong and they have high consuming power‚ so more people from China will come to Hong Kong for traveling. The sales of the air tickets will increase as the turnover of airline from cities in China to Hong Kong increase. - China and Taiwan started the direct flights policy in 2009‚ and more cities in China will launch the direct airlines to Taiwan‚ so Hong Kong can’t enjoy
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internal capabilities that may help a company reach its objectives Hong Thai Travel has been a famous travel service agent for 45 years up to now with the maximum number of branches throughout Hong Kong. The major aim of this company is providing high quality and professional services to customers. Generally‚ there are different products provided by the company. A variety of products is to address a variety of different needs‚ Hong Thai Travel offers high quality innovative tours to customers which
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Essay The Reason of Hong Kong Being an International Trading Region “Business-friendly environment‚ rule of law‚ free trade and free flow of information‚ open and fair competition‚ well-established and comprehensive financial networks‚ superb transport and communications infrastructure‚ sophisticated support services‚ and well-educated workforce complemented by a pool of efficient and energetic entrepreneurs. Added to these are substantial foreign exchange reserves‚ a fully convertible and
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