LEE HAN SEONG (Bill) 2010555699 Potential advantages of the minimum wage law in Hong Kong Implementation of a reasonable amount of minimum wage is necessary for the current situation in Hong Kong. Minimum wage law prohibits workers or employees hired for less than a given hourly‚ daily or monthly minimum wage (Filion‚ 2009). Hong Kong is facing a difficulty of wealth gap. Although Hong Kong has a great reputation of the financial hub and one of the most affluent cities‚ its wealth gap is the
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Wasteful lifestyle of Hong Kong On a gloomy Sunday morning‚ you woke up and saw the buildings were destroyed by the heavy acid rain. Then‚ you just sat on the sofa and started eating unpalatable breakfast which was overnight food and smell fusty. You feel tedious as the electric was cut off ‚ no computer games and no television shows. The stinking smell made you sick and began to vomit. Fortunately‚ this awful situation is an imagination only. But if Hong Kong people still have the wasteful lifestyle
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HONG KONG : THE FACTS The Port Hong Kong is fortunate in having a sheltered natural harbour‚ which provides good access and a safe haven for vessels calling at the port from around the world. The port has always been a key factor in the development and prosperity of Hong Kong‚ which is strategically located on the Far East trade routes and is in the geographical centre of the now fast-developing Asia-Pacific Basin. In terms of tonnage of shipping using its facilities‚ cargo handled
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Hong Kong jewellery industry can be divided into two main categories: precious metal jewellery and imitation jewellery. In terms of production and sales volume‚ precious metal jewellery gets the lion’s share. Manufacturers in Hong Kong are specialized in creating contemporary design jewellery set with diamonds‚ precious and semi-precious stones as well as pearls. Jewellery “made in Hong Kong” is highly renowned all over the world and attains a higher standard of craftsmanship over their counterparts
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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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www.pwc.com/us/nes THE ECONOMIC IMPACT OF THE U.S. RETAIL INDUSTRY August 2011 Prepared for National Retail Federation The Economic Impact of the U.S. Retail Industry THE ECONOMIC IMPACT OF THE U.S. RETAIL INDUSTRY Table of Contents EXECUTIVE SUMMARY I. II. III. IV. V. INTRODUCTION INDUSTRY DEFINITION NATIONAL RESULTS STATE RESULTS CONGRESSIONAL DISTRICT RESULTS E-1 1 3 6 11 26 APPENDICES A. B. DETAILED STATE-BY-STATE OPERATIONAL IMPACT RESULTS DATA SOURCES AND METHODOLOGY
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Hongkong Business Culture 1. Overview Hong Kong is one of the Special Administrative Regions (SARs) of China‚ and the other is Macau. Itis located on China’s south coast. It is only 1‚104 km2 large‚ but has a population of over seven million people. Therefore‚ Hong Kong is one of the most densely populated areas in the world.GDP‚ Languages… Hongkongwas a colony of Britainfor a long period since the middle of the 19th century. On July 1‚ 1997‚it was returned back to China and became the Special
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are able to communicate and interact more with the mainland Chinese. It is in no doubt that they contribute a lot to our economy and help in maintaining a low employement rate‚ especially during our hard time. Various tourism and retailing related industries are benefited. It is not suprising to see there are no vacant stores in populare tourist spots‚ like Causeway Bay‚ Tsim Sha Tsui and Mongkok. However‚ a coin has 2 sides. They bring us many negative impacts at the same time too. Maybe because
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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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How E-tailing affect on Traditional Retail Market in Hong Kong? Products The product quality and Word-of-mouth are importance evaluation of online products. The consumers would consider both quantitative and qualitative aspects of online reviews. The consumer will also collect the comments about favorable news and unfavorable news before they are going to purchase in internet. Moreover‚ when consumers read online reviews‚ they are concern that not only to review marks but to other contextual
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