Subprime Mortgage in Hong Kong? It has already found to be very wrong for the government to loan people for "buying" a housing unit (in the US Subprime Crisis). A government is undoubtedly incompetent to run a banking business. It is highly undesirable to suggest Hong Kong government to follow the fatal suit. Ninja loan has become worldwide famous after the US Subprime Crisis‚ it stands for No Income‚ No Job‚ No Asset. But since the US government pushed to increase the homeownership ratio‚
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poor air quality in Hong Kong and around the Pearl River Delta is not only a regional problem‚ but a global concern that could undermine Hong Kong¡¦s competitiveness. This has been reflected in the difficulties of attracting and retaining high-skilled workers and reluctance of giving birth to children by the Hong Kong citizens. Source: Department of Community Medicine‚ School of Public Health‚ University of Hong Kong The graph above shows the air quality in Hong Kong is far worse than the
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HONG KONG : THE FACTS The Port Hong Kong is fortunate in having a sheltered natural harbour‚ which provides good access and a safe haven for vessels calling at the port from around the world. The port has always been a key factor in the development and prosperity of Hong Kong‚ which is strategically located on the Far East trade routes and is in the geographical centre of the now fast-developing Asia-Pacific Basin. In terms of tonnage of shipping using its facilities‚ cargo handled
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adopted the principles from both microeconomics and macroeconomics in evaluating the influence to the internal (the firms) and the external (whole economy). Based on the analysis‚ we have observed that the industry environment is changing‚ from Oligopoly to a more competitive environment (oligopoly still exists but at a lesser effect)‚ gradually even after the evolution of ¡°hub and spoke¡± because of deregulation. In the end‚ local airlines need the support from the government in dealing with agreement
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CGE25101 Globalization and Business Individual Assignment (Topic 2 Sustainable development- Starbucks) Introduction In these days‚ instead of merely focusing on economic interests‚ multinational corporations (MNC) have engaged a number of sustainability initiatives in an effort to satisfy the needs of the present while preserving the ability to future generation by contributing on the three main elements: economic‚ environmental and social development. As a company becomes popular and
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Background Established in 1986‚“Hung Fook Tong” is one of the famous manufacturers and retailers of traditional herbal tea in Hong Kong which has over 70 retail shops with more than 700 staff members‚ self-invested factories in Hong Kong and Shenzhen and a sales network with extensive coverage. Mainly it serves customers with various kinds of Herbal Tea‚ Herbal soups‚ other non-herbal beverages‚ and snack (like dim-sums and sausages) on a price range of $8-$250. HFT also set up point of sales
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Mainland Chinese in Hong Kong: Issues of Inclusion Everyone in Hong Kong should have heard of the mainland parallel-goods traders who discriminated by the local citizens. The MTR Corporation’s new policy setting limit to the weight of the luggage and the demonstration against the traders held by the local citizens are some of the evidences showing the discrimination against the mainland Chinese in Hong Kong (Lee & Lo‚ 2012). Actually‚ the mainland Chinese settling in Hong Kong faces lots of barriers
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Hong Kong Religions The religion in Hong Kong is very diverse and obvious. The main two religions in Hong Kong are Buddhism and Taoism. But in Hong Kong you can also find another religion which is Confucianism‚ which is where ancestors’ worships and ancient animist beliefs have also been integrated into the environment. Confucianism isn’t really based as a religion‚ because it it’s a philosophy as well as a religion. The numbers of Buddhism’s and Taoist’s in Hong Kong are estimated to be around
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The ‘Hong Kong Kids’ Phenomenon In recent years it is common to see Hong Kong children accompanied by their domestic helpers everywhere. Some of them just shout at their helpers asking for help in tying their shoelaces and some just open their mouths to wait for spoonfuls of food like little birds in a nest. They have reached the age with the abilities to take care of themselves but they do not do so. As this problem becomes increasingly general‚ it is important to explore its different causes so
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Energy Wastage in Hong Kong Focus: household energy consumption Solar panels http://www.renewablepowernews.com/archives/1647 Did you know that people this year are consuming nearly twice as much energy as they were 30 years ago? If we continue to use energy at such high rates‚ reserves of non-renewable energy may run out really soon. In order to prevent this people must make small changes by using less energy in their daily lives. Even the smallest action can have an impact on the rest of
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