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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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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Projection 28 8. Implementation Plan 33 9. Evaluation and Control 34 Executive Summary The main objective of this report is to provide a strategy that will enable Hong Kong Disneyland to enhance its competitiveness in the Hong Kong market. In this manner‚ the report provides the issues that affects the performance of Hong Kong Disneyland and provides the perceived solutions to ensure that the company is on track of achieving the goal of being competitive. In order to find a better solution for
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A General Review on the Culture of Hong Kong and Japan through the Hofstede’s Cultural Dimensions Theory Cultural dimensions theory‚ developed by Geert Hofstede’s‚ describes how a society’s culture affects the values of its members‚ and how these values relate to their behaviour. The theory proposed six dimensions: power distance‚ uncertainty avoidance‚ individualism-collectivism‚ masculinity-femininity‚ long-term and short-term orientation‚ and the latest dimension‚ indulgence and self-restraint
Free Culture Cross-cultural communication Dimension
To a large extent‚ Hong Kong became a modernized society in the period of 1970 – 1997 according to the political and economic development of Hong Kong in this period. In terms of politics‚ political modernization is the transformation from traditional autocratic system to modern democratic system. The democratic system included the form of representative government‚ popular election and multi-party system and Hong Kong could mostly achieve it in the period of 1970 – 1997. First‚ there was democratic
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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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society. So through text‚ Hong Kong food literature‚ traces of different authors‚ we can have a more consummate understand on the situation of Hong Kong society. Moreover‚ Hong Kong is an international city; also it is a decolonized place of Britain. The characteristic of Hong Kong culture‚ the identity of Hong Kong citizen is always a hot topic. In the decade‚ post-modern has become a new verb to describe Hong Kong. So‚ this treatise is going to find out if Hong Kong is in post-modern period and
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culture at a remove: Filipina amahs discover and adapt to the Hong Kong style of family management 21st November‚ 2013 Karishma Sujan Wayne Duan Sunnie Zhang Anna Liu In this essay we discuss the cross-cultural differences in the household management of handling children between the Philippines and Hong Kong. Managing children in HK households In Hong Kong‚ Filipino maids make up 3% of the population. They are especially
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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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Hong Kong Housing Problem is not only attributed to the High Population Density Every Hong Kong citizen knows one of the grave troubles in Hong Kong is housing problem. The order of severity can be apparently reflected by many figures in recent research studies. ”Rents up 22 per cent in Hong Kong“ (2011) remarks that “the price of renting two-bedroom accommodation rose by 22% to US$2‚830 a month between 2009 and 2010“ (¶2). Subcommittee on Building Safety and Related Issues (2010) also observes
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