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
Premium United States dollar Currency Foreign exchange market
A GLOBAL / COUNTRY STUDY AND REPORT ON “ PESTLE Analysis and Sector ial Study of Russia” Today we are at the door step of 21st century. The world is widening without having a New and new developments are coming these days in all fields all over India to make the people life more comfortable and luxurious. The industries are growing so fast in India in order to satisfy all the needs of people. Similarly Gov. has supported to these companies for their development and progress of private
Premium Insurance
Following Sorrita’s illustration on IDWs’ enjoying nightlife in Hong Kong‚ Susanti provides similar observation. Some IDWs‚ indeed‚ are the regular pubs visitors. Susanti gives example of an IDWs named Lasmini who engages in this particular life style simply because of her circle. Two consecutive days‚ she went with Made and friends visiting discotheque days and nights. She went back to consume alcoholic drink and ecstasy. “I have no place to sleep. Therefore‚ every time I left discotheque in the
Premium Sexual orientation Sexual orientation Homosexuality
Shouldn’t same sex marriage be legalised in Hong Kong? Outline Introduction Significance Arguments Conclusion 1. Introduction Introduction:Background Information Gay marriage around the world The Economist‚19 Nov Introduction:Background Information News: Overseas Sky Post‚ 26 Mar Introduction-Definition MARRIAGE A publicly acknowledged and supported union between a man and a woman Is recognized by law: Creates rights and obligations
Free Homosexuality Same-sex marriage Sociology
PEST POLITICAL ECONOMIC Over the years‚ the Philippines has gone from being one of the richest countries in Asia to being one of the poorest. It has experienced growth and development since World War II. The current administration under President Gloria Macapagal-Arroyo is aiming for a more rapid growth in the coming years. In 2004‚ the Philippine economy grew by 6.1% surprising everyone. In 2005‚ the Philippine peso appreciated by 6%‚ the fastest in the Asian region for that year
Premium Yeast Wine Fermentation
Name: Organisations Management and People Module code: HR 1004 Id : 105353 Pest analyses‚ also partially known as “STEP”‚ has always been undertaking a vital role to every dynamic of all business organisations. Each and every organisation has to undergo involvement and interference of certain factors relating political‚ environmental‚ social and technological factors (PEST). These factors may contain striving from other companies‚ price variation‚ unreliable raw material
Premium Sony Management Company
Project Proposal Of Hong Kong International Airport Department of Information Systems *** Project Proposal *** Introduction Hong Kong International Airport (HKIA) is the third busiest international passenger airport and operates the busiest international cargo facility in the world. It has been ranked as the busiest airport for international air cargo since 1996. In 2010‚ 50.9 million passengers used HKIA‚ and some 4.1 million tonnes of air cargo passed through Hong Kong. HKIA is connected
Premium World's busiest airports by passenger traffic Cathay Pacific Airport
Online shopping among Hong Kong people Introduction: Online shopping is a trend in the world in recent year because of the development of rapid digital era‚ such as smart phones‚ easy checkout systems‚ secure system and so on. Online shopping become plays an important role in electronic commerce. According to UCLA Center for Communication Policy (2001)‚ online shopping has become the third most popular Internet activity‚ immediately following e-mail using/instant messaging and web browsing
Free Interview Semi-structured interview Online shopping
Violence gangs and triad society Introduction Violence committed by young people is one of the most visible forms of violence. The ratio of youth is the largest in offending crime of violence‚ the reason is the involvement of triad society’s activities. (車焯堅‚2000) Local scholars have pointed out that‚ all youth gangs is related to triad society‚ the member of youth gangs identify with the subculture of triad society‚ it is easy to involve in crimes. (HKFYG‚ 2000) Due to the tally of youth gang
Free Crime Sociology Organized crime
The social and legal aspects of homosexuality in Hong Kong In 1988‚ there was an intense argument on whether to legalize homosexuality. Different groups expressed their views on public discussion hold in Victoria Park. A group of homosexual men declared that they have the same contribution to the society as others. The existed law infringes on their human right. On the other hand‚ Dr. Philemon Choi who opposed decriminalization was afraid of the impacts of decriminalization such as the increase
Premium Law