General Issues The common issues with ‘Bitcoin’ and ‘Linden Dollars’ are that there have been suspicions these virtual currency schemes are operating as Ponzi schemes‚ there is a high level of anonymity with regards to these virtual currency schemes and that there is only one regulator who oversees the system. The issue of Ponzi schemes are justified for virtual currency schemes such as ‘Bitcoin’ and ‘Linden Dollars’ but for different reasons. For ‘Bitcoin’ it greatly resembles a Ponzi scheme where
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THE UNIVERSITY OF HONG KONG School of Economics and Finance FINA1001: Financial Statement Analysis Second Semester 2009-2010 Dr. Kam-Ming Wan Midterm Examination (90 minutes) April 1‚ 2010 10:40a.m.(12:10p.m. Candidates may use any self-contained‚ silent‚ battery-operated and pocket-sized calculator. The calculator should have numeral-display facilities only and should be used only for the purposes of calculation. It is the candidate’s responsibility to ensure
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Only insurers and insurance intermediaries‚ who are insurance agents and insurance brokers‚ are regulated in Hong Kong. The law‚ Commissioner of Insurance (IA) and the Insurance Intermediaries Qualifying Examination are the major forms of regulation used in the insurance industry in Hong Kong. The relevant legal framework for the regulation of insurers is provided by the Insurance Companies Ordinance (Cap.41) ‚ and its subsidiary legislation including Insurance Companies (Determination of Long
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Students are unhappy Who think that being a student is happy nowadays? A recent survey showed that Hong Kong students are not happy with their lives. Some even have a very negative attitude towards life. The primary cause of their unhappiness is their failure to get good results‚ to achieve their ambitions and maintain the good relationship with their parents and friends. We should have a better insight on how these affect students. When students are unable to get good results‚ they feel
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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 limited performance
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social and technological environment in Hong Kong. The research and analysis is then used to evaluate the market for potential in pet grooming service. “Hong Kong is such a cramped place that it is surprising to learn that we have hundreds of thousands of dogs sharing our city with us”‚ according to South China Morning Post (2006‚ p.14). Nonetheless‚ due to the desire for more sophisticated pet products including pet grooming services‚ the pet industry in Hong Kong has been flourishing despite the already
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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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Investigation on the Impact of Corporate Social Responsibility Practices on the Corporate Image of Hong Kong Mass Transit Railway Corporation (MTR) Team No. B02 Project Supervisor: Mr. Leonard Kwan CHAN‚ Sze Cheng KWOK‚ Kwo Fung LAM‚ Tsz Kin LEUNG‚ Oi Shan Shanna LI‚ Hiu Kwan WONG‚ Hoi Lam HONG KONG INSTITUTE OF VOCATIONAL EDUCATION(TSING YI)2013 1 AGENDA Introduction Present Situation Methodologies Limitations Consumer benefits Society benefits Government Employee benefits
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“personal data policy”. However‚ as a matter of fact that lots of card holders did not read the policy‚ at an obscure spot in the right lower part of the company’s home page‚ we can find a link about "personal data policy”. It is a long document in small print which is as to what Octopus Company does with personal data. According to the document‚ the one of the items is that "designing new or improving existing services provided by us‚ our subsidiaries and our affiliates for customers’ use"‚ (MP English‚
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government would have an impact on my business is by setting a price ceiling and price floor. These both determines whether or not my items is too high or low for its’ good. 2. Describe at least one advantage and one disadvantage of price ceilings and price floors. Do you think price ceilings and floors are more helpful or more harmful to consumers and the economy? Explain. (2-4 sentences. 1.0 points) * One advantage of price ceilings is that it helps the consumers to have a chance to buy
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