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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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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between Hong Kong and mainland using concepts introduced in this course. Introduction Hong Kong‚ located at the southern coastal of China‚ fully shows the diversification of culture‚ with a mix characteristics of different backgrounds. Hong Kong is currently under the rule of the PRC as a special administrative region‚ with the practice of ‘One country‚ two system’. Hong Kong exercises capitalism under the rule of the British government and thus continues its practice after the handover. Hong Kong
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Air Pollution Observation between Hong Kong and Chongqing Part 1 General Picture of Hong Kong and Chongqing and Meaning of Comparing A whole host of similarities between Hong Kong and Chongqing make this thesis’s aiming to exploit air pollution and approaches governments take more pragmatic and meaningful. Among the aforementioned similarities‚ the geographical ones could be treated as lurking causes of air pollution and other relative issues. Hence‚ this part is intended to showcase a general
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DEMAND AN ECONOMETRIC IN HONG KONG ANALYSIS 1 E. R. LIM * Introduction The objectives of consumer demand analysis are first‚ to isolate a few major variables from the many and complex factors influencing consumer behaviour‚ and second‚ to verify empirically that this relatively small number of parameters gives a reasonable explanation of a wide range of observations on consumer behaviour. The quantitative knowledge thus obtained is necessary for the study of economic development and for
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July 2006‚ L’Oréal welcomed The Body Shop to its family of brands. L’Oréal places great value on The Body Shop’s exceptional emphasis on being a sustainable and ethical business. It intend that close co-operation between their businesses will result in shared best practice and the identification of opportunities for improving L’Oréal sustainability performance. For example‚ in December 2006‚ L’Oréal joined the Round Table on Sustainable Palm Oil‚ partly due to The Body Shop’s experience on this issue
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Identify one type of the social welfare‚ discuss its services of Hong Kong and a)explain its values‚ rationales and objectives; b)ways of service delivery; c)discuss the strengths and weaknesses of the service and d)make suggestions to improve the services in future. CSSA—AN INTRODUCTION The comprehensive Social Security Assistance Scheme (CSSA) is surely one of the most influential social welfare in Hong Kong‚ in terms of money and beneficiary. In the fiscal year of 2010
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Hong Kong during the 1950s and 60¡¦s Hong Kong is often looked upon as the capital of free trade. Located in the center of Southeast Asia‚ this is no small coincidence as to the region¡¦s success. It is based upon effective governance and the intensive working attitude of the local people. Nevertheless‚ Hong Kong has had to confront numerous challenges in order to achieve its status in the world market today. In the early 1950s‚ Hong Kong underwent enormous changes which totally transformed its
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(Name) (Instructors’ name) (Course) (Date) Political System of Hong Kong The political system in Hong Kong is one of the most unique in the world since July 1997 when it was handed to the Chinese government. Even though Hong Kong is a British colony‚ the country runs under a multiple system form of governance referred to as “one country‚ two systems”. On the other hand Hong Kong still upholds its currency‚ parliament system and legal systems until 2047 when the agreement expires. The masterminds
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Introduction The fixed-linkage system was implemented in Hong Kong since 1983. The interest rates and exchange rates of Hong Kong therefore are closely related to U.S. This report is conducted to examine the influence of U.S. and Hong Kong interest rates and exchange rates movements on Hong Kong economy‚ the stock markets and the property markets. 1.1 Hong Kong exchange rates Before the implementation of linked exchange rate system‚ the Hong Kong exchange rates were volatile. During the period 1981-1984
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