Government should consider abolish the linked exchange rate system or pegged Hong Kong dollars with China Yuen (RMB) rather than the U.S dollars. The main reason is for this is it will help the future development of Hong Kong economy. Exchange rate is how much a currency worth in terms of other currency. If currency is free floating‚ which allows the exchange rate vary against other currencies determined by the market forces of supply and demand. Some countries may use fixed/pegged exchange rate
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It has been more than 15 years since the handover of HK to mainland China. People of the 2 places are supposed to be more initmate. In fact‚ we do have an increasing amount of interaction. Yet‚ the more interaction we have‚ the more conflicts we have. There have been different conflicts between us in the recent years‚ from right of abode to the purchase of milk powder for infants. One of the hot issues‚ is tourists from mainland China. With the Individual Visit Scheme‚ we are able to communicate
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Resume: Human Resource Management Practice and Firm Performance By : Syndicate 2 Human resource management Practices (HRMP) to have positive influence and give impacting on organizational performance through a “high road” approach which has become a key element in HR literature. High road approach means that some HRMP are universalistic‚ appropriate and advantageous for all firms. According to universalistic perspective‚ there is a simple direct relationship between HRMP and organizational performance
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China * Hong Kong Table of Contents Introduction 3 Reasons to do business in China 3 How to enter the Chinese market (through Hong Kong) 5 China’s global financial centre 6 Relationship with western countries 6 Language used in business environment 7 Hong Kong education (different between China – English) 7 International Trade: Fast Facts on Canada-China Commercial Relations 8 Hong Kong business policy/ Law 10 A successful example of starting a business in Hong Kong and moving
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serious in Hong Kong . Many people such as the elderly and the fresh graduates ‚ most of them can’t have the flats for living and some need to live in the subdivided units . Our chief executive ‚ Mr. CY Leung just announced his first policy address ‚ in the housing aspects ‚ he suggested that building more flats for the citizens . However ‚ I think it’s only a long term solutions ‚ the flats will be finished in 2018 ‚ but the housing problem is a very urgent needs for the most citizens in Hong Kong . These
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The youth unemployed should be one the groups the most in need for financial support in Hong Kong. They face keen competition and suffer from the local economic regression‚ which create difficulty to them earning a living. Young people‚ in general‚ refers to people in the age groups of 15-19 and 20-24 (Chung Kim-wah 2009). They are recognized as labor force in Hong Kong‚ but their employment opportunities are not optimistic. Those school leavers in the age of 15-24 entering the labor market have
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Is Hong Kong an ideal place? According to the Global Urban Competitiveness Report (2007-2008) Hong Kong dropped 7 places to 26 as a competitive city for investment. If it’s any consolation‚ Hong Kong remained one of the most affluent cities in the world and one of the top 5 in Asia in term of economy‚ infrastructure and freedom of speech. Yes‚ Hong Kong is undoubtedly achieved so well with flying color‚ having a stable economy‚ good job market and good accessibility to anywhere due to intra-city
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2) Grant Thornton IFRS Page 40. Expenditures related to research are expensed as incurred. Internally generated intangibles representing development shall be capitalised if certain conditions are met. Page 41 Research costs shall be expensed as incurred (IAS 38.54). Intangible assets arising from development shall be capitalised if an entity can demonstrate all of the following: Technical feasibility of completing the intangible asset
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Introduction: The authors of the research paper surveyed exchange listed Chinese firms to investigate the relationship between competitive forces and the importance that the firms place on their management control systems‚ and whether the firms international market orientation moderates this relationship. Michael Porter’s3 famous Five Forces of Competitive Position model provides a simple perspective for assessing and analyzing the competitive strength and position of a corporation or business organization
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I selected this article because it explains how China uses a group of students as a scapegoat‚ similar to how Napoleon uses Snowball as a scapegoat. I thought it was interesting how Animal Farm and this article compare and contrast. This article describes how Hong Kong‚ a former British colony was returned to Chinese control in 1997 and “placed under a semi-autonomous administration” that many consider to inreality be under Beijing’s control. The author states that “Since the handover‚ China has
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