Helpers in Hong Kong Content 1. Introduction 2. Background Information A) Population and Nationality of FDHs B) Major Problems 3. Relevant Policies for FDHs Loophole of the policy for the FDHs 4. FDHs in other countries 5. Suggestions on possible areas for policy changes 6. Conclusion 7. References 1. Introduction The paper is going to study the foreign domestic helpers (FDHs) work in Hong Kong‚ to see whether
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exports from Hong Kong‚ and hence its status as an IFC. JEL Classification Numbers: F21; G15; G28 Keywords: International financial centre; financial services exports; financial sector FDI Author ’s E-Mail Address: lcheung@hkma.gov.hk; vyeung@hkma.gov.hk 1 The authors are grateful to Hans Genberg and Dong He for their valuable suggestions and comments. The views and analysis expressed in this paper are those of the authors‚ and do not necessarily represent the views of the Hong Kong Monetary Authority
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Singapore‚ a past British colony that became independent in 1960s‚ are very similar to Hong Kong in several aspects: 1. They have a shared history of colonial pasts; with British rule extending up to hundred years‚ setting the foundation of their political systems. Both Singapore and Hong Kong inherited British democracy and integrated it with the society. 2. They’re both global financial centers and used to be Asian tiger economies. With similar size of the economy‚ two cities perched at the top
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Chinese Diplomacy British Chinese Relations Following the transfer of Hong Kong from the British effectively ended many remnants of British imperialism in China‚ and in the process ended much of Britain’s involvement/power in Asia. The turnover has also given China control over one of the world’s leading financial institutions‚ thus improving not only its economic standing but also its ability to use soft power. The opposite could be said for the effects on the United Kingdom‚ where the turnover
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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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Typhoon effects on the Center in Hong Kong Abstract: This paper presents selected results of wind characteristics and structural responses measured from the Center (350 m high‚ 79 floors) in Hong Kong‚ during the passages of three typhoons. The field data such as wind speed‚ wind direction and acceleration responses‚ etc.‚ were continuously measured from the super-tall buildings during the typhoons. The simultaneously measured wind-induced acceleration was adopted to evaluate the dynamic characteristic
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What is your favorite restaurant on campus? For me‚ Hong Kong Noodle is my favorite restaurant. They have really authentic food and make me feel like home. For example‚ the minced beef and scramble egg with rice‚ fried squid‚ and Wonton Soup are something I always order. However‚ these are only tip of the iceberg. Known as the “Food Paradise”‚ Hong Kong cuisine is almost influenced by all over the world due to the fact that it has a long history of being an international city. Therefore‚ you can
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Reliance in Hong Kong 1. Introduction Do you know Hong Kong uses 70% of the electricity generated by The Guangdong Daya Bay Nuclear Power Station (China Light & Power Holdings Limited‚ 2010)? The main controversy of nuclear power is its safety and the problem of waste storage. Though Hong Kong is heavily relying on fossil fuels‚ Hong Kong should increase its reliance on nuclear power in the near future. This essay aims to examine the possibility and benefit of having a nuclear power plant in Hong Kong
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is 7.03 million. In 2009‚ Hong Kong had a birth rate of 11.7 per 1‚000 population and a fertility rate of 1‚032 children per 1‚000 women.Residents from mainland China do not have the right of abode in Hong Kong‚ nor are they allowed to enter the territory freely. However‚ the influx of immigrants from mainland China‚ approximating 45‚000 per year‚ is a significant contributor to its population growth – a daily quota of 150 Mainland Chinese with family ties in Hong Kong are granted a "one way permit"
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Current Situation This report offers an evaluation of Hong Kong’s health care system. In this section‚ three important strengths and four fundamental weaknesses are highlighted. Strengths Hong Kong has a relatively equitable health care system. Every resident has equal access to essential health care. The financial burden of health services is financed in an equitable manner‚ and health services are reasonably equally distributed by geographical region. Establishment of the HA brought
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