LEE HAN SEONG (Bill) 2010555699 Potential advantages of the minimum wage law in Hong Kong Implementation of a reasonable amount of minimum wage is necessary for the current situation in Hong Kong. Minimum wage law prohibits workers or employees hired for less than a given hourly‚ daily or monthly minimum wage (Filion‚ 2009). Hong Kong is facing a difficulty of wealth gap. Although Hong Kong has a great reputation of the financial hub and one of the most affluent cities‚ its wealth gap is the
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poor air quality in Hong Kong and around the Pearl River Delta is not only a regional problem‚ but a global concern that could undermine Hong Kong¡¦s competitiveness. This has been reflected in the difficulties of attracting and retaining high-skilled workers and reluctance of giving birth to children by the Hong Kong citizens. Source: Department of Community Medicine‚ School of Public Health‚ University of Hong Kong The graph above shows the air quality in Hong Kong is far worse than the
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Hong Kong jewellery industry can be divided into two main categories: precious metal jewellery and imitation jewellery. In terms of production and sales volume‚ precious metal jewellery gets the lion’s share. Manufacturers in Hong Kong are specialized in creating contemporary design jewellery set with diamonds‚ precious and semi-precious stones as well as pearls. Jewellery “made in Hong Kong” is highly renowned all over the world and attains a higher standard of craftsmanship over their counterparts
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If I were to show you diagrams of the age structure of Hong Kong in recent years‚ you would probably be surprised that the population of Hong Kong is currently ageing at a moderate pace. According to statistics‚ when the new born babies start to become older persons‚ the population will age at a relatively fast pace in Hong Kong in the middle of next decade. An ageing population will have an impact on the labour force as the number of people in working ages will grow slower than the overall population
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Trends in the retail industry I) Retail sales: overview For the period January-April overall retail sales have increased by 0‚7% in 2014 (from HK$172‚3m to HK$173‚ 5m): The small increase in retail sales in mainly due to the 14‚3% growth rate that occurred in January 2014. For three consecutive months retails sales have experienced negative growth with a peak of -9.8% in April 2014 as shown in the graph below. Retail
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applications is the formulation of the Legislative Council (LegCo). Another assumption is that the major development in Hong Kong is the economic development. Hong Kong is reputed to be a worldwide international financial centre and ranked the first in the world of being the freest economy. So‚ Hong Kong relies much on the economic development. In addition‚ the party system in Hong Kong is multiparty that considered as a coalition government.2 What is political party? The political party is made
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CGE25101 Globalization and Business Individual Assignment (Topic 2 Sustainable development- Starbucks) Introduction In these days‚ instead of merely focusing on economic interests‚ multinational corporations (MNC) have engaged a number of sustainability initiatives in an effort to satisfy the needs of the present while preserving the ability to future generation by contributing on the three main elements: economic‚ environmental and social development. As a company becomes popular and
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Insider dealing in Hong Kong Although insider dealing has been a criminal offence under section 291 of Chapter 571‚ Securities and Futures Ordinance (SFO) in Hong Kong since 2003‚ the Securities and Futures Commission (SFC) was initially slow to prosecute offenders‚ commencing its first criminal insider dealing prosecution only in January 2008. Factors to be considered to commence criminal proceedings In deciding whether to commence criminal proceedings against an alleged insider dealer
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Comparing to the near area‚like Singapore‚Hong Kong’s Gini coefficient is more higher and ranked top in the world.Even the wealth gap is not common in western societies‚however‚it is no doubt that wealth gap has threatened the Hong Kong most. With the change of economic mode in Hong Kong ‚it trend to knowledge-based economy rather than manufacturing industry so that a large number of worker are unemployed immediately‚in the other hand‚a lot of high-class people are benefited by the new mode economy
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Mainland Chinese in Hong Kong: Issues of Inclusion Everyone in Hong Kong should have heard of the mainland parallel-goods traders who discriminated by the local citizens. The MTR Corporation’s new policy setting limit to the weight of the luggage and the demonstration against the traders held by the local citizens are some of the evidences showing the discrimination against the mainland Chinese in Hong Kong (Lee & Lo‚ 2012). Actually‚ the mainland Chinese settling in Hong Kong faces lots of barriers
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