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Spillover Effect of Chinese Cross-Listed Companies across Shanghai, Hong Kong and US Markets  [cached]
Bijing Li,Ronghua Yi,Roger Su
International Journal of Economics and Finance , 2011, DOI: 10.5539/ijef.v3n6p135
Abstract: This paper assesses the spillover effect of returns of ten Chinese cross-listed equities which are traded in Shanghai, Hong Kong and US markets simultaneously. We find a strong unidirectional spillover effect from US market to Shanghai market, however, a significant two-way influence exists between Hong Kong and US markets. When we use VAR modeling to exam the same-day effect, we find evidence that the effect of same-day return occurs from the Shanghai to Hong Kong market and from the Hong Kong to US market; however, there is no such effect from the Shanghai to US market.
Towards a comparative science of cities: using mobile traffic records in New York, London and Hong Kong  [PDF]
S. Grauwin,S. Sobolevsky,S. Moritz,I. Gódor,C. Ratti
Computer Science , 2014,
Abstract: This chapter examines the possibility to analyze and compare human activities in an urban environment based on the detection of mobile phone usage patterns. Thanks to an unprecedented collection of counter data recording the number of calls, SMS, and data transfers resolved both in time and space, we confirm the connection between temporal activity profile and land usage in three global cities: New York, London and Hong Kong. By comparing whole cities typical patterns, we provide insights on how cultural, technological and economical factors shape human dynamics. At a more local scale, we use clustering analysis to identify locations with similar patterns within a city. Our research reveals a universal structure of cities, with core financial centers all sharing similar activity patterns and commercial or residential areas with more city-specific patterns. These findings hint that as the economy becomes more global, common patterns emerge in business areas of different cities across the globe, while the impact of local conditions still remains recognizable on the level of routine people activity.
Can Shanghai Surpass Hong Kong?  [cached]
Niv Horesh (荷尼夫),Shuyu (Susie) Wu (吴舒钰)
Provincial China , 2012,
Abstract: This article compares the economic development of Shanghai and Hong Kong over the last 150 years in a bid to uncover why Shanghai fell behind Hong Kong despite its head start as an international financial center in the 1920s. It then examines whether Shanghai might eventually catch up with Hong Kong in terms of standard of living, technological innovation, infrastructure, creativity and social cohesion. Both cities were faced with new opportunities after the global financial crisis, and both are aiming at present to extend their capital markets. Although, since the 1990s, economic reforms have given Shanghai a breath-taking makeover, Hong Kong’s fiscal architecture is still more business-friendly. Hong Kong also possesses a higher degree of global exposure, and more efficient and transparent equity markets. Notwithstanding Shanghai’s “open-door” policy and lower cost of living, Hong Kong has proven more attractive to global talent. But Shanghai and Hong Kong will cash in on China’s rise in different ways, and the gap between two cities is therefore likely to narrow. Local Policy-makers are best advised to design complimentary business environments rather than trying to out-perform the other city in its area of strength.
Policing obscenity in Hong Kong  [cached]
Rebecca Ong
Journal of International Commercial Law and Technology , 2009,
Abstract: The term 'obscenity' has no universal definition. It is often ill -defined, subjective and highly dependent on the culture of the communities in question and between communities. Nevertheless, the aim of the law on obscenity is to prevent publication and distribution of materials, which are potentially harmful to its readers, viewers and audience. The purpose of this paper is three fold. Firstly, it briefly considers the law on obscenity in the United Kingdom, and in the United States. Secondly, the paper discusses and evaluates the law relating to obscenity in Hong Kong in the light of the recent publication and distribution of materials which could be argued to fall within the realm of obscenity. Finally, it considers whether the law on obscenity would ever be able to fit into an “acceptable community standard”.
Education Reform in Hong Kong  [cached]
Chris Dowson,Peter Bodycott,Allan Walker,David Coniam
Education Policy Analysis Archives , 2000,
Abstract: Since the early 1990s, the pace of educational reform in Hong Kong has accelerated and broadened to incorporate almost all areas of schooling. The reforms introduced during this period can be subsumed under what has generally been labelled the quality movement. In this paper, we review and comment on a number of policy reform initiatives in the four areas of "Quality Education," English Language Benchmarking, Initial Teacher Training and the Integration of Pupils with Special Needs into Ordinary Classrooms. Following a brief description of each policy initiative, the reforms are discussed in terms of their consistency, coherence and cultural fit.
Modelling of SARS for Hong Kong  [PDF]
Pengliang Shi,Michael Small
Quantitative Biology , 2003,
Abstract: A simplified susceptible-infected-recovered (SIR) epidemic model and a small-world model are applied to analyse the spread and control of Severe Acute Respiratory Syndrome (SARS) for Hong Kong in early 2003. From data available in mid April 2003, we predict that SARS would be controlled by June and nearly 1700 persons would be infected based on the SIR model. This is consistent with the known data. A simple way to evaluate the development and efficacy of control is described and shown to provide a useful measure for the future evolution of an epidemic. This may contribute to improve strategic response from the government. The evaluation process here is universal and therefore applicable to many similar homogeneous epidemic diseases within a fixed population. A novel model consisting of map systems involving the Small-World network principle is also described. We find that this model reproduces qualitative features of the random disease propagation observed in the true data. Unlike traditional deterministic models, scale-free phenomena are observed in the epidemic network. The numerical simulations provide theoretical support for current strategies and achieve more efficient control of some epidemic diseases, including SARS.
Between Sydney and Hong Kong: Doing Cultural Research without Guarantees  [cached]
Fiona Allon
Cultural Studies Review , 2011,
Abstract: Between Sydney and Hong Kong: doing cultural research without guarantees.
Continuing Education Reform in Hong Kong
Chris Dowson
Education Policy Analysis Archives , 2003,
Abstract: Following initiations in educational reform that began in the 1990s, Hong Kong continues to experience considerable pressure for educational reform. On the surface many of these initiatives parallel reform policies/movements in Asia and indeed, globally. The success of any reform is dependent on how it is contextualised prior to and at implementation. In this article, an exploration is made into how reforms in four particular sareas, namely: professional development of principals, higher education, English language standards, and inclusion of students with learning difficulties have been conceived, contextualised and managed in Hong Kong, as it moves gradually toward increased adoption of education reforms. These areas are linked in that each describes and critiques contextualization with reference to areas such as accountability, co-operation and professional control.
Trading Hours and Price Efficiency: The Case of Hong Kong  [PDF]
Jinghan Cai, Fengyun Li, Xiangyu Lian
Theoretical Economics Letters (TEL) , 2018, DOI: 10.4236/tel.2018.815217
Abstract: This paper studies the impact of trading-hour adjustment in Hong Kong Stock market and how this change affects the price efficiency in Hong Kong stock market. We find that the extended trading hours in Hong Kong results in a significantly negative cumulative abnormal return. Also, both the stock price synchronicity and the price delay decrease significantly, which represents the improvement of the price efficiency.
Entrepreneurship Education at the Crossroad in Hong Kong  [PDF]
C. K. Cheung
Creative Education (CE) , 2012, DOI: 10.4236/ce.2012.35098
Abstract: While Hong Kong is one of the world’s leading financial and business centres in the Asia-Pacific region, a recent survey conducted noted that only 3 out of every 100 people in Hong Kong had started their own business in the previous 42 months. As entrepreneurs are so important to our economy, schools should be responsible for cultivating in students a suitable entrepreneurial spirit and skills. Unfortunately,. entrepreneurial training in secondary school does little to pave the way for students to pursue their future career planning and is unable to match the future needs of society. With the recent introduction of the New Secondary School Curriculum (NSSC), this article questions if entrepreneurship education could be taught through the introduction of a new course: Business, Accounting, and Financial Studies (BAFS). This research was conducted, through the eyes of business subject panel chairs, to determine a) the importance of entrepreneurship education and b) whether the new BAFS initiative can fulfil the role of promoting entrepreneurship education in Hong Kong.
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