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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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
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developmental tasks in adolescents may also be quite challenging and difficult‚ leading to the onset of adolescent depression‚ substance use‚ and ultimately suicide The number of teenagers taking their own lives is increasing rapidly each year. Hong Kong was ranked 23rd out of 107 countries following suicides per 100‚000 per year in 2009. Together we can help prevent this devastating trend going on in our youth. We need to inform everyone of what the warning signs are of a teenager contemplating suicide
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FINA 3088 Case Study 1 ---- Chase’s Strategy for Syndicating the Hong Kong Disneyland Loan (A)&(B) Bid Strategy of the First Round The first round bid was to show its commitment and price‚ while detailed proposal would be submitted after being shortlisted. Thus‚ Chase had mainly three kinds of concern at that stage: risk‚ profit and reputation. Reputation From Exhibit 6‚ there is no doubt that Chase was the top bank in syndicated finance in the US and over the world. However‚ it recorded
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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
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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
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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
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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
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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 to
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Should Hong Kong build a third runway to mitigate its runway workload since Hong Kong is a tourism hub? In 2006‚ Airport Authority Hong Kong (AAHK) referred a proposal called Hong Kong International Airport Master Plan 2030 ‚ which suggested building a third runway at Hong Kong International Airport (HKIA) to abate its almost saturated working capacity and enhance its competitiveness of transportation. The government approved it in 2011. There has been much concern recently between all stockholders
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