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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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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Dynamic Hong Kong: from a post-colonial city to a post-metropolis Part 1. Introduction Hong Kong‚ once a British colony after the wars‚ has been well-known as a vibrant metropolitan. After 99 years of British rule‚ Hong Kong was handed over to China in 1 July 1997. After a long period of western culture instillation‚ Hongkongers remain confused about their identity in the recent 16 years of post-colonial period. This struggle in identity can be reflected from the city’s cultural‚ economic and
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Compare and contrast the lifestyle in Macau and Hong Kong According to the Business Dictionary.com‚ the word “Lifestyle” refers to the way of living of individuals‚ families (households)‚ and societies‚ which they manifest in coping with their physical‚ psychological‚ social‚ and economic environments on a day-to-day basis. This means that citizens of a particular society will change their everyday life or behavior in order to adapt to the ever-changing environment. In this report‚ I would like
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Cultural Difference between Hong Kong and the U.S. Hong Kong has been one of the most prosperous cities in the world for many years. The idea of Hong Kong being returned to China was frightening many Hong Kong people in the early 80s‚ but the handover turned out to be a memorable moment for most of the citizens. Today‚ Hong Kong is no longer a colony of Britain and Chinese are holding most of the top positions in the government. Not only the political and economic issues have been changed a lot
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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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Company background I.T Limited (0999.HK) is an investment holding company based in Hong Kong. It was listed on the main board of The Hong Kong Stock Exchange on 4-March-2005. The company offers a wide range of apparel products. It sells its products as well as offers a variety of national and international brands through its network of retail stores. As of February 28‚ 2011‚ it operated 392 stores in Hong Kong and Mainland China. Objective To undertake a comprehensive analysis on the financial
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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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