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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the Hong Kong government was a consultative government. The definition of a consultative government is that it consults people’s opinions and listens to them. The features of a consultative Government are that it establishes communication between local associations‚ asks and listen to opinion of people‚ asks for opinion and support in decisions making‚ sets up advisory bodies to collect opinions and set up departments to consult people’s opinions. To a large extent‚ I agree that the Hong Kong government
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was Mary Queen of Scots to Elizabeth’s rule? All substantial threats to Elizabeth’s position as Queen were symptoms of the tension between Catholicism and Protestantism. The threats posed by Mary Queen of Scots‚ as well as those of the Spanish Armada of 1588 and the war with Spain (which dominated the last twenty years of Elizabeth’s reign)‚ were consequences of a Catholic desire to gain supremacy in England. However‚ the extent to which the Catholic threat was centred on Mary Queen of Scots is
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Feasibility of Sparkle Ltd’s Opening Jewellery Retail Store in Hong Kong PROBLEM This study was designed to analyze and evaluate the feasibility and possibility of Sparkle Ltd’s idea to open a jewellery retail store in Hong Kong. Specifically‚ the study seeks answers to these questions: * What is the opportunity for opening a jewellery retail store in Hong Kong? * What is the risk of opening a jewellery retail store in Hong Kong? * Do the advantages overweigh the disadvantages in this
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Introduction Hong Kong is famous for the hotel industry‚ and many people want to work in this industry. However‚ what really attract them to work for the hotel? Previous study shows that for the Asian countries such as Hong Kong‚ Japan the money is their primary goals for working. (Lam 2001 p.157). In different culture‚ they have different goal they are aim. As the Asian have a higher expect for the money as their concern‚ it is normal‚ because in Asia‚ their income and their expense are never get
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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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arrangements for Mainland visitors to Hong Kong. They are Settlement‚ Official visits‚ Private visits‚ Transit‚ Employment in Hong Kong‚ Training in Hong Kong‚ Study in Hong Kong‚ Residence in Hong Kong‚ and Holders of foreign passports in the Mainland.1 The Individual Visit Scheme (IVS) is part of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)‚ which was launched in 2003.2 Mainland visitors spent a huge amount of money in Hong Kong that fire up the recovery of HK’s economy
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traveling in Hong Kong” in more cities in China. China people are attracted by the reputation of “Shopping Paradise” in Hong Kong and they have high consuming power‚ so more people from China will come to Hong Kong for traveling. The sales of the air tickets will increase as the turnover of airline from cities in China to Hong Kong increase. - China and Taiwan started the direct flights policy in 2009‚ and more cities in China will launch the direct airlines to Taiwan‚ so Hong Kong can’t enjoy the
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Accurate Impression of Queen Elizabeth’s Appearance‚ Character and Abilities? In this essay‚ I will discuss the similarities and differences of Blackadder’s portrayal of Queen Elizabeth and other sources‚ including my own knowledge. Blackadder is a TV show on many different historical figures about a man called Edmund Blackadder and his dog robber‚ Baldrick. It has four series that cover Richard III‚ Elizabeth I‚ the Prince of Wales and World War I. Elizabeth I was a Tudor queen who lived from 1533
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Essay The Reason of Hong Kong Being an International Trading Region “Business-friendly environment‚ rule of law‚ free trade and free flow of information‚ open and fair competition‚ well-established and comprehensive financial networks‚ superb transport and communications infrastructure‚ sophisticated support services‚ and well-educated workforce complemented by a pool of efficient and energetic entrepreneurs. Added to these are substantial foreign exchange reserves‚ a fully convertible and
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