Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-05-15 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines the economic integration between Hong Kong Special Administrative Region (SAR) and the Mainland of China. Hong Kong SAR’s economic links with the Mainland expanded rapidly in the 1980s and in the first part of the 1990s, with Hong Kong SAR becoming the most important trade and international fundraising center for the Mainland. Since Hong Kong SAR’s return to China’s sovereignty, integration between the two economies has deepened, notwithstanding the Asian crisis.
Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-01-24 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper discusses income inequality in Hong Kong Special Administrative Region (SAR). Income inequality in Hong Kong SAR remains high, despite declining recently. Redistributive policies implemented by the authorities have helped to lower income inequality. However, inequality is likely to rise in the medium-term due to aging and thus more needs to be done. A package of policies could lower the Gini index by 3–4 points by 2050 including: more progressive salaries tax; higher reliance on recurrent property taxes; and increased public expenditure on social welfare, health, housing, education and childcare. According to recent evidence in the literature, these policies could also boost growth by 0.2–0.5 percentage points per year. Public spending on social welfare could continue to be raised to boost redistribution and increase access of poorer households. Spending on education and childcare should be raised to help lower the market income inequality directly. The commissioned study aiming to determine the demand and supply for childcare services and map out the long-term service development programs, as well as the initiatives mentioned in the 2018 Policy Address, should help in this regard.
Download or read book The Dynamics of Beijing Hong Kong Relations written by Sonny Shiu-hing Lo and published by Hong Kong University Press. This book was released on 2008-04-01 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book critically assesses the implementation of the "one country, two systems" in the Hong Kong Special Administrative Region (HKSAR) from the political, judicial, legal, economic and societal dimensions. The author contends that there has been a gradual process of mainlandization of the HKSAR, meaning that Hong Kong is increasingly economically dependent on the People's Republic of China (PRC), politically deferent to the central government on the scope and pace of democratic reforms, socially more patriotic toward the motherland and more prone to media self-censorship, and judicially more vulnerable to the interpretation of the Basic Law by the National People's Congress. This book aims to achieve a breakthrough in relating the development of Hong Kong politics to the future of mainland China and Taiwan. By broadening the focus of the "one country, two systems" from governance to the process of Sino-British negotiations and their thrust-building efforts, this book argues that the diplomats from mainland China and Taiwan can learn from the ways in which Hong Kong's political future was settled in 1982–1984. This is a book for students, researchers, scholars, diplomats and lay people.
Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund and published by International Monetary Fund. This book was released on 2018-01-23 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights that economic activity in Hong Kong Special Administrative Region has gained momentum since the second half of 2016 amid robust domestic demand and recovering external demand. Growth is projected to have risen by 3.7 percent in 2017, up from 2 percent in 2016. The strong growth momentum is expected to continue in the near term with annual growth of 2.8 percent in 2018. Consumption is projected to continue to be supported by a tight labor market and investment is expected to remain strong, with major infrastructure and housing projects in the pipeline. The economy is expected to continue to grow at about 3 percent over the medium term, close to its potential.
Download or read book The Basic law of the Hong Kong Special Administrative Region of the People s Republic of China written by China and published by . This book was released on 1994 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-12-30 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with People’s Republic of China—Hong Kong Special Administrative Region (SAR) discusses that the economy is projected to start recovering next year, but the pace is expected to be gradual and both near- and medium-term risks have increased significantly, including from trade and technology tensions, ongoing social unrest, and structural challenges of insufficient housing supply and high income inequality. Hong Kong SAR is well placed to address both cyclical and structural challenges with its significant buffers thanks to its long history of prudent macroeconomic policies. Given that the fiscal framework permits deficits during economic downturns, government spending should be increased significantly in the areas of social safety nets, education/retraining, and infrastructure to cope with the cyclical downturn and address structural challenges of insufficient housing and high-income inequality. This should be complemented with measures to ensure fiscal sustainability and greater equity.
Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2014-05-22 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Report on the Observance of Standards and Codes for Hong Kong Special Administrative Region (HKSAR). HKSAR has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. The Hong Kong Monetary Authority (HKMA) complements its high supervisory standards with a sustained commitment to the international regulatory reform agenda where it is an early adopter of many standards. The banking system is characterized by the dominant presence of institutions with foreign ownership, including the systemic banks, which puts a premium on the HKMA’s role as a host supervisory authority.
Download or read book China written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-06-04 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Hong Kong Special Administrative Region during 1997–98. The paper highlights that beginning in mid-1997, the regional crisis began to erode confidence in Hong Kong’s exchange rate and prompted a series of speculative attacks. Pressures on the exchange rate led to sharply higher interest rates, weakened domestic demand, and clouded growth prospects for 1998. The paper provides an update on the transition issues since the transfer of sovereignty on July 1, 1997. Cyclical developments and trends in domestic and external demand and the property market are also analyzed.
Download or read book People s Republic of China Hong Kong Special Administrative Region written by Aasim M. Husain and published by . This book was released on 1999 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-04-06 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study estimates quantitative, industry-level measures of the intensity of competition and also discusses various methodologies and data used for measuring competition. The following data are also included in the study: gross fixed capital formation, selected price indicators, labor force, employment, and unemployment, property market development, public expenditure by function, monetary indicators, balance sheet of all authorized institutions, equity price developments, exchange fund balance sheet, wages, labor productivity, public expenditure by function, revenue, government expenditure under the general revenue account, and so on.
Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-01-08 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper reviews medium-term fiscal challenges for Hong Kong Special Administrative Region (Hong Kong SAR). It focuses on key considerations that need to be evaluated when formulating a medium-term reserves policy in the face of fiscal challenges, such as accommodating future spending pressures and revenue fluctuations. The broad conclusion of the paper is that fiscal reserves will likely remain an important feature of future fiscal policy. The paper also discusses more general aspects of Hong Kong SAR’s economy’s competitiveness, and the outlook for Hong Kong SAR’s financial center.
Download or read book People s Republic of China Hong Kong Special Administrative Region Financial System Stability Assessment Press Release and Statement by the Executive Director for the People s Republic of China Hong Kong Special Administrative Region written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-08 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main macro-financial risks relate to extensive linkages to Mainland China, stretched real estate valuations, and exposure to shifts in global market and domestic risk sentiment, compounded by escalating U.S.-China tensions. Stress tests show that the financial system is resilient to severe macro-financial shocks, but there are pockets of vulnerabilities in foreign bank branches, investment funds, households, and nonfinancial corporates. Hong Kong SAR’s financial sector is also exposed to physical and transition risks from climate change.
Download or read book The Hong Kong Reader written by Ming K. Chan and published by Routledge. This book was released on 2016-09-16 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paperback reader provides the student and general reader with easy access to the major issues of the Hong Kong transition crisis. Contributors include both editors, as well as Frank Ching, Berry F. Hsu, Reginald Yin-wang Kwok, Peter Kwong, Julian Y.M. Leung, Ronald Skeldon, Alvin Y. So, Yun-wing Sung, and James T.H. Tang - the majority of whom live and work in Hong Kong and experience the transition firsthand, personally and professionally.
Download or read book The Hong Kong Special Administrative Region in Its First Decade written by Joseph Y. S. CHENG and published by City University of HK Press. This book was released on 2007-09-01 with total page 931 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book with 24 essays will appeal to local and international readers interested in Hong Kong. The latter include the international financial and business community, researchers in Asian Studies, journalists and educated tourists. Published by City University of Hong Kong Press. 香港城市大學出版社出版。
Download or read book People s Republic of China Hong Kong Special Administrative Region Selected Issues written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-07 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues
Download or read book Reference Papers for the Basic Law of the Hong Kong Special Administrative Region of the People s Republic of China draft written by Hong Kong. Consultative Committee for the Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China and published by . This book was released on 1989 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2016-01-19 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that the growth of Hong Kong Special Administrative Region is expected at 2.25 percent in 2015, with domestic demand acting as the principal source of momentum. Growth is likely to pick up modestly to 2.5 percent in 2016, with a smaller drag from external demand reinforcing resilient domestic demand. Inflation has declined and is expected to remain below 3 percent in 2015–16 on softer commodity prices. The current account has dropped to about 2.5 percent of GDP, but is projected to improve to about 3.5 percent over the medium term as the global economy recovers.
