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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focus of discussion in this essay. In fact‚ euthanasia is allowed in countries like Holland‚ Switzerland‚ Belgium‚ Oregon of the United States (Chesterman‚ 1998). In June 1995‚ in response to legislators urging the legalization of euthanasia in Hong Kong like other countries‚ the Secretary of Health and Welfare Katherine Fok Lo Shiu-ching stated that‚ “As euthanasia is an issue with moral‚ ethical‚ social and legal implications‚ there is a need to seek views not only within the medical profession
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Comparison of CB between Argentina and Hong Kong HK main event In 1983‚ Hong Kong established her Currency Board. Hong Kong dollar (HKD) has pegged with the US dollar (USD) at a rate of USD1 to HKD7.8. The major event that assaulted Hong Kong CB was the 1997 Financial Crisis. During that crisis‚ speculator attacked HKD by short selling them. Speculators used hedge funds and attacked the Hang Seng Index (HSI) at the same time. Although the HK government already imposed penalty on “repeated borrowers”
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and differences in product/service attribute between 2 to 3 major competitors [e.g. Bonaque‚ Vita] i. Major market segments In bottled water industry‚ water manufacturers are generally having three target markets: office‚ retail and household. Hong Kong is a business society. Many people work in commercial building nearly whole day‚ they have no time to boil water in the office. Water manufactures. Besides office‚ the company also focuses retail and domestic market supplies. It provides a wide
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Singapore has the edge over Hong Kong | Evidence from Macro-economic analysis | | | | | | | Singapore has the edge over Hong Kong Both known as “East Asian Tigers”‚ Hong Kong and Singapore share numerous similarities and are often compared by people‚ especially economists. Both being metropolises in East Asia with high population density and serving as most important financial centres not only in Asia but also in the world‚ the two cities appear like twin brothers prima
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Topic: Trade exhibition: Hong Kong International Jewellery Show 2013 Consumer fair Canon ImagineNation 2012 Background: The Hong Kong International Jewellery Show 2013 held on 5-9th March. The organizer is Hong Kong Trade Development Council (HKTDC). HKTDC is a semi-governmental body which aims to create opportunities for Hong Kong companies and promote Hong Kong as a platform for doing business with China and throughout Asia. The Hong Kong International Jewellery Show is one of the events
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system of HKD to USD. It was a very good / effective system to help Hong Kong to remain stable under the economic turmoil when first applied in 1983. This formed a very firm ‘firewall’ to protect the stability of the Hong Kong Dollar. We also had the testimony for the effectiveness of this system while the economic crisis that happened in 1997 and 2007. Although the Hong Kong Government had shown their loyalty of pegging the Hong Kong Dollar to U.S. currency and had announced that there are no plans
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services in Hong Kong. According to our research‚ only four interviewees concerned about the medical services‚ because there was an age bias in our questionnaire. However‚ referring to various news articles‚ medical services is a big concern in Hong Kong. IVS was originally designated for the sake of boosting Hong Kong’s economy. However‚ a recent trend shows that a lot of mainlanders are in fact‚ trying to give birth to their babies in Hong Kong as the IVS provides them utter ease to travel to Hong Kong
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Introduction: Hong Kong is a densely populated metropolitan so there are a lot of housing problems especially for the urban poor. As the housing problems in Hong Kong such as the shortage of housing units are getting more acute‚ it is worth making an in-depth analysis for the sake of gaining a deeper insight of the responses of the government in housing problems. I will focus on different measures and actions taken by Hong Kong government in 21th Century. All data collected is based on library
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Following Sorrita’s illustration on IDWs’ enjoying nightlife in Hong Kong‚ Susanti provides similar observation. Some IDWs‚ indeed‚ are the regular pubs visitors. Susanti gives example of an IDWs named Lasmini who engages in this particular life style simply because of her circle. Two consecutive days‚ she went with Made and friends visiting discotheque days and nights. She went back to consume alcoholic drink and ecstasy. “I have no place to sleep. Therefore‚ every time I left discotheque in the
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