CORPORATE GOVERNANCE OF HONGKONG 1. Overview of recent corporate governance reforms A. Recent initiatives There have been numerous recent changes in Hong Kong in relation to corporate governance matters‚ extending well beyond legislation and nonbinding codes. The roles of relevant regulators have also been examined and proposed changes made. As far as legislation is concerned‚ the most significant change is the introduction of the Securities and Futures Ordinance‚ which came into force on
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serious in Hong Kong . Many people such as the elderly and the fresh graduates ‚ most of them can’t have the flats for living and some need to live in the subdivided units . Our chief executive ‚ Mr. CY Leung just announced his first policy address ‚ in the housing aspects ‚ he suggested that building more flats for the citizens . However ‚ I think it’s only a long term solutions ‚ the flats will be finished in 2018 ‚ but the housing problem is a very urgent needs for the most citizens in Hong Kong . These
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Corporate Governance in Hong Kong 1. Corporate Governance in Hong Kong Hong Kong’s position as an international economic and financial center is attributed to its exemplary corporate governance. With Hong Kong’s various authorities and regulatory bodies emphasizing on transparency and accountability for listed companies‚ Hong Kong was ranked first for corporate governance among 11 Asian countries in 2007. (Refer to Appendix 1) The Stock Exchange of Hong Kong (SEHK) describes corporate
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market in Hong Kong Introduction Hong Kong has established its real estate markets since 1841‚ when it became a colony of the British Empire after the First Opium War. As a small city with only an area of 1‚104 square km‚ but over 7 millions of people‚ Hong Kong has one of the most prosperous property markets and which has created a huge amount of wealth. According to Forbes list of Hong Kong billionaires 2012‚ the top 3 richest people and 8 out of top 11 richest people in Hong Kong are came
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applications is the formulation of the Legislative Council (LegCo). Another assumption is that the major development in Hong Kong is the economic development. Hong Kong is reputed to be a worldwide international financial centre and ranked the first in the world of being the freest economy. So‚ Hong Kong relies much on the economic development. In addition‚ the party system in Hong Kong is multiparty that considered as a coalition government.2 What is political party? The political party is made
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Calvin & Tiffunny The housing problem in Hong Kong In 28 Dec.‚2012‚ Greenview Villa began to accept Interested buyers‚ the initial enthusiastic response from the rigid demand of the property market property prices‚ has received about 600 copies of the first day of registration‚ to reflect the rigid housing demand in Hong Kong strong‚ to face a serious shortage of supply‚ high property prices high‚ and the public in buying difficult‚ apart from rising rents lead to the living environment
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lifestyle of Hong Kong citizens‚ the 4 major landfills in Hong Kong are going to be saturated. From the government’s words‚ these landfills will be fully saturated before late 2010s. The situation is getting worse in these years‚ as people have no improvement in their consumption style. They are not aware of their responsibility on reducing waste. Also‚ people cannot develop the routine on recycling‚ and send much unnecessary rubbish to the landfill. With the rare land resources in Hong Kong‚ we cannot
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Trends in the retail industry I) Retail sales: overview For the period January-April overall retail sales have increased by 0‚7% in 2014 (from HK$172‚3m to HK$173‚ 5m): The small increase in retail sales in mainly due to the 14‚3% growth rate that occurred in January 2014. For three consecutive months retails sales have experienced negative growth with a peak of -9.8% in April 2014 as shown in the graph below. Retail
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the Hong Kong Courts re Winding Up and Unfair Prejudice Petitions — Are Offshore Companies Safe? Hong Kong law contains a number of provisions designed to protect the interests of minority shareholders‚ including the “unfair prejudice” remedies under section 168A of the Companies Ordinance (the Ordinance) and the Ordinance’s “just and equitable” winding-up provisions. These protections can‚ in some cases‚ also be invoked by shareholders of non-Hong Kong companies. However‚ as the Hong Kong
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12 Vodafone Group Plc Annual Report 2014 Chief Executive’s review A defining year for the Group… Our emerging markets are performing well‚ although our mature European markets continue to face challenging conditions. However‚ we have continued to make good progress in delivering our long-term strategy‚ by building firm foundations for the future with our substantial investments in Vodafone Red‚ Project Spring and unified communications. Review of the year It has been a year of substantial strategic
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