Since 1997, Hong Kong has been facing the economic downturn that has never been come across in recent decades. The unemployment rate and the number of bankrupts are reaching the new records every month. Pay-cut is just accepted a trend in Hong Kong now.
Hong Kong, the pearl of Asia has been the center of trade and finance in Asia since the early 20th century. In a short history of about 150 years, Hong Kong has become the source of growth for many nearby economies. In a certain sense, it can be even said that it is a merchant city founded and man
Export and Import Practices
Hong Kong's cosmetic and toiletries market had an estimated value of $787 million in 2002. With little domestic production of cosmetics and toiletries, Hong Kong relies on imports from China, Japan, the United States, France, Singapore, Malaysia, and Taiwan. Industry s
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. Neve
Hong Kong and Venezuela
Hong Kong has built economic strength from an impoverished economic infrastructure, since the 1950's, at the same time as Venezuela's economic health has declined despite its relatively strong economic structure. Figure 1 shows that in 1950, Hong Kong's income per person w
Running Head: Time Value of Money
Time Value of Money
The time value of money is an initiative where an investor has preferences of receiving a payment of a fixed value today, rather than an equal value in the future. A common example, interest, applies when a payment is recei
Marion Crystal Evans
Hong Kong and Bussiness
Introduction & Background Information
After Japanese defeat in Second World War, Hong Kong was given back to British governance. Since then, population in Hong Kong had been growing rapidly, from 500-600 thousands in 1945 to nearly 4 million in 1969 (Podmore, 1972), due to several factors. First of
There are various feminist critiques of the welfare state. They all exist to examine and develop their critiques on the individual welfare services ¡V health, housing, education, social security and the personal services. The aim of this paper is to examine the various feminist c
Traditional measures of concentration of financial market activities do not adequately
reflect an economy's status as an international financial centre (IFC). In this paper, we
construct alternative measures that better capture the ability of an IFC to attract capital
flows and internat
Is there any direct relationship between economic hardship, class and crime? Pay particular attention to empirical evidence.
When looking at economic hardship, class and crime, most would say without hesitation that there is a direct relationship between them. Social class and economic status hav
I. EXECUTIVE SUMMARY
The Airlines Industry was originally initiated in USA as a fastest and luxury mean of travel in the 30s¡¯. With the tremendous development on technological, we have numerous airlines in the world. Yet, just like any industry, there are always winners and losers in the long ru
Economics Structure of Singapore Tourism Industry
The global economy has cause most of the South East Asian country to improve economically. Statistically Singapore is the best performer compared to other countries around the world. Its national income per head is highe
This report offers an evaluation of Hong Kong's health care system. In this section, three important strengths and four fundamental weaknesses are highlighted.
Hong Kong has a relatively equitable health care system. Every resident has equal access to essentia
In the recent years, the tourism industry of Hong Kong has been suffering from a severe negative impact due to a scandal that occurred within the industry. The Zero Charge Tour literally indicates tour without payment of fee by the tourist, whereas, it is not precise to interpret the Z
There are multiple issues to be addressed when setting up a multinational company. Issues include the diverse environment, cultural implications and the parent company’s need for control. Human resource management is affected, as these issues impact the effectiveness and managem
Adolescence is a period of time which connects childhood and adulthood. During the change in physical development, teenagers start to face the adolescence period. Moreover, there are some behaviour problems of teenager in adolescence. For instance, teenagers try to smoke to show their br
The Asian Economic Crisis brought 30 years of miraculous of growth in East Asian countries to an abrupt halt. Speculated to occur, the crisis was faced without preparation and also in great anticipation. 1997 marked the year of great economic setback and caused the entire region to be crippled econo
Hong Kong is the most suitable place for business. It is characterized by its
high degree of internationalization, business friendly environment, rule of law, free
trade and free flow of information, open and fair competition. Therefore, the business
management is a very important part i
Cultural Difference between Hong Kong and the U.S.
Hong Kong has been one of the most prosperous cities in the world for many years. The idea of Hong Kong being returned to China was frightening many Hong Kong people in the early 80s, but the handover turned out to be a memorable moment for most of
(6월 3일 화)Currency hedges stoke legal disputes
This article showed Several companies are moving to file legal complaints against banks on losses incurred on currency option contracts.
I confirmed that the banks did not properly inform them of the risk and that the contracts have many unf
In the 1990s, Hollywood saw an inflow of Hong Kong film stars such as Jackie Chan, Chow Yun-Fat, and Michelle Yeoh; filmmakers including John Woo, Tsui Hark, Stanley Tong, Ronnie Yu, and Kirk Wong; and martial arts choreographers including Yeun Woo-Ping and Corey Yeun. In the international art-house
When one look's at Hong Kong there are many of questions that come to mind. How is China going to respond to citizens of Hong Kong holding protests? Will Hong Kong's citizens be taken back by their lose of rights? Or will this more liberal form of government led the rest of China into a more democra
I N D U S T R Y
The experience of some of the world’s oldest and largest industrial economies demonstrates several stages of industrialization. In the pre-industrial economies of Great Britain and the countries of Northern Europe, most activity was directed towa
Bank of China Hong Kong 's
Initial Public Offering
Associate Professor of Finance
The Chinese University of Hong Kong
Draft of April 28, 2003
Accepted for publication in Journal of Financial Education. I am grateful to participants at the North American Case Resea
The Role of Citizen Political Participation in Hong Kong and Singapore
Both Hong Kong and Singapore are city states that traditionally have
lacked broad political participation, instead political decisions were left up
to a small group of leaders. Historical factors were critical in determ
Hohokam (p. 7-8) Emerged during the 3rd century B.C. when ancestors of the Pima Indians began farming in the Gila River and Salt River valleys of southern Arizona. They built elaborate canal systems for irrigation that enabled them to harvest two crops per year, an
Table of Contents
i. Purpose & Definitions…………………………………………………………. 3
ii. Background……………………………………………………………………. 3-4
iii. Causes of the Asian Financial Crisis…………
Would the tourism industry in Hong Kong further lost its lustre?
For years, a huge amount of tourists from all over the world had flooded into the territory in search for Hong Kong¡¦s shoppers¡¦ and gourmets¡¦ paradise. However, recently, Hong Kong seems losing its edge in luring tourists.
First of all, one person, one vote' system of democracy is universally recognized by an absolute majority of countries of the world as a viable and effective mechanism for the selection of government.
Someone may argue that, in practice, non-taxpayers do not earn enough to be liable for taxation.