This essay is about the development of social welfare in Hong Kong before the change in sovereignty in 1997‚ which is divided into four stages. The main factors affecting the development of social welfare in Hong Kong before 1997 will then be discussed. There are four phases in the history of social policy in Hong Kong before 1997. They are Residual social policy‚ Partial social policy‚ The Big Bang Social Policy‚ and The Incremental Social policy Phase 1 is Residual Social policy‚ which was between
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The 3 objects that represent Hong Kong Culture? Hong Kong is said to be a “Cultural Desert”. However‚ Red-White-Blue bags‚ Cha Chaan Teng and Cantonese Opera are three objects that can represent Hong Kong culture and the spirit of Hong Kong people. Red-White-Blue bag represents the hardworking Hong Kong people. Red-White-Blue bag is a common travel bag used by Hong Kong people‚ especially in low-class family. Most of the bags contained all red‚ blue and white color stripes. However‚ these bags
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FINA 3088 Case Study 1 ---- Chase’s Strategy for Syndicating the Hong Kong Disneyland Loan (A)&(B) Bid Strategy of the First Round The first round bid was to show its commitment and price‚ while detailed proposal would be submitted after being shortlisted. Thus‚ Chase had mainly three kinds of concern at that stage: risk‚ profit and reputation. Reputation From Exhibit 6‚ there is no doubt that Chase was the top bank in syndicated finance in the US and over the world. However‚ it recorded
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inflation in Hong Kong Over the past few years‚ the prices of food have been increasing in Hong Kong. The Hong Kong Census and Statistics Department (2010) reported that the increase in food price in 2009 was relatively large. Some of the food items that experienced surges in prices included live chicken (20% increase in average retail price) and fresh beef (7% increase in average retail price). Outcries by the public have suggested that this food price inflation has had a negative impact on Hong Kong’s
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Political and legal forces are two of the three most important aspects for a business‚ with social forces being the third. Politics is a changing scene‚ and the rules and laws will change not regularly but often enough. Different elected parties have different feelings about certain business practices and use or alter the laws to change these. The same comes into play with trading in other countries. Organizations‚ especially the European Union‚ have a lot of rules for their member states with
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Education Reform in Hong Kong: 334 System There are a number of controversies and debates on recent education reforms in Hong Kong. The most recent and debatable one is 334 Education System in 2012. In the following‚ it will first briefly look into the old and new education system. Also‚ it will explore the implications of the new education system to see the causes and consequences. By 2012‚ the 334 Education System replaced the 3223 Education System. The two systems are structurally
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International Journal of Public and Private Healthcare Management and Economics‚ 1(2)‚ 17-25‚ April-June 2011 17 The Politics of Health Finance Reform in Hong Kong Raymond K. H. Chan‚ City University of Hong Kong‚ Hong Kong ABSTRACT Since the late 1950s‚ Hong Kong’s public health services have increased. They are mainly funded by taxes‚ supplemented by minimal user fees. In the late 1980s‚ the government recognized the limitations of this financing model and subsequently proposed alternative
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Hong Kong is no longer a good place to live Do you enjoy living in Hong Kong? In these few years‚ it is not difficult to hear strong voice of opposition from the citizens and protest is often seen in Hong Kong. Also‚ it has been a hot debating issue that whether Hong Kong is a good place to live or not. This essay explains why Hong Kong is no longer a good place to live in the aspect of the environment‚ social harmony and housing in Hong Kong. Some people think that Hong Kong’s governance is
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the world has investigated the method to less rely on the fossil fuel. Hong Kong‚ being a part of the world‚ should also take the responsibility to do so. Many may wonder is Hong Kong potential enough to use more renewable energy? The answer is simple-why isn’t it? Renewable Energy in Hong Kong There are many types of renewable energy‚ hydropower‚ wind powers‚ solar energy‚ etc. However‚ developing renewable energy in Hong Kong always faces lots of problems and limitations. The factors such as capital
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Calls are growing for a more equitable society with regard to the current debate on whether the minimum wage in Hong Kong should be raised to HK$35 a hour. Before making any conclusion‚ I’d like to make respond to one of the opposition’s view --minimum wage is crippling the businessman. This is an unreasonable and exaggerated argument as the booming rent price in Hong Kong is a wide known significant factor. While it is crystal clear that the businessmen are trying to pass the buck to their
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