Available online 16 September 2011 Keywords: China World equity markets Vector autoregression Variance decomposition Spillover index Financial crisis JEL classification: G15 F36 a b s t r a c t We propose measures of the directional volatility spillovers between the Chinese and world equity markets based on Diebold and Yilmaz ’s (2011b) forecast-error variance decompositions in a generalized vector autoregressive framework. It was found that the US market had dominant volatility impacts on other markets
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Chief Executive Leung Chun-ying said on Monday Hong Kong should think of ways to expand its tourism facilities to capitalise on the growth of mainland tourists. He made the remarks after meeting with Guangdong Governor Zhu Xiaodan during a conference on cross-border co-operation held in Hong Kong. We should actively study how to expand our capacity so that the pressure brought about by tourists can be reduced in some districts CHIEF EXECUTIVE LEUNG CHUN-YING Leung said his administration and
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Taobao Marketplace and Juhuasuan Launch Juhuasuan Overseas Group Shopping Platform in Hong Kong and Taiwan Apr 8 13 Taobao Marketplace and Juhuasuan announced the official launch of Juhuasuan Overseas platform to provide Hong Kong and Taiwan consumers with a dedicated comprehensive group shopping platform offering a wide range of high-quality merchandise and localized lifestyle services selected from Taobao sellers. Previously‚ products offered on Juhuasuan were often only accessible to mainland
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_ t _l 2__a-D__ ___ P__ER a _0N_ _ON0 _XAMl_AT__NS AND ASS_SS__NT A_TH0RlTY HO__ __Ne DIP_0MA 0_ SEC_NDAR_ _D__AT1_N __AMI_A_lO_ __12 ______Y ___e_ _ t 1 .45 am _ 12.45 pm (t hour) This paper must _e _n_wered in en_lish ___T____ _0N_ (1) There a_e __UR sectons‚ A_ B‚ C and D in t_is Paper. &t__mpt ___ ques_ion_ in _ny TW0 sect_ons. (2) Write your answers în the Answer _oo_ D_E (C) provided‚ Sta_ e_ch ques_ion (not pa_ of a question) on a new page. (3) _resen_ your answers in p_rag_aphs
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The project is to investigate if the teenagers nowadays really waste lots of food or they treasure food. As nowadays‚ the landfill sites in Hong Kong are almost full. The ways to deal with the rubbish is a concern. But at the same time‚ the number of wastes is also a concern in the society. Food waste will also be poured into the landfill. As they are the future pillar‚ the future society is depended on them. Therefore‚ it is important for the teenagers to know how to use the resources wisely. We
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Hong Kong Salary Report 2010 Sourcing Industry Hong Kong Salary Report 2010 SECTOR TRENDS – RETAIL & SOURCING Hong Kong’s retail sector has been affected by the global economic crisis. Hiring activity remains subdued in the aftermath of store closures‚ shelved expansion plans and the weak trading results of major brands. The position is different in mainland China‚ where major retail brands continue their growth. The demand from global retail‚ manufacturing and trading companies for sourcing
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A Case for Incorporating Pop Culture into Hong Kong English Curriculum Introduction: “Education is identified with schooling‚ while popular culture is identified with the world of leisure and entertainment” (Benson & Patkin‚ 2010). In recent decades‚ people both inside and outside of academy have been debating over whether popular culture should be taught in schools. The argument between what should be taught and what is not appropriate for education has never come to an end. Many people believe
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Introduction The following report examines the need for Hong Kong Electronic Industries Association (HKEIA) to provide assistance for local electrical small and medium enterprises (SMEs) to enter the Southeast Asian Market. Background of the project In the past few years‚ Hong Kong’s electronic industry has been facing intense competition from nearby countries‚ such as China‚ Taiwan‚ Singapore and South Korea. Many local SMEs failed to stand in this highly competitive business environment
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indigenous citizens qualified as Hong Kong People in Government’s mind? Housing problems has plagued Hong Kong for years‚ the government proposed to set up new towns in the northeast New Territories in 2008. Recently‚ the government Development Bureau issued two television announcements to promote the plan. In the announcements the government claimed‚ “Every generation deserves a better living environment‚ North East New Territories New Development Areas‚ New Towns for Hong Kong People”. The announcements
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in Hong Kong‚ Key Trends and Opportunities to 2018 ©reportscue Synopsis: The report provides in-depth market analysis‚ information and insights into the Hong Kong life insurance segment‚ including: • The Hong Kong life insurance segment’s growth prospects by life insurance category • Key trends and drivers for the life insurance segment • The various distribution channels in the Hong Kong life insurance segment • The detailed competitive landscape in the life insurance segment in Hong Kong • Detailed
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