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List of Contents the Year 2002 in Review Major Events of Hong Kong
List of Contents The year 2002 in review Major events of Hong Kong securities market 2002 Market highlights Cash market - Main board Cash market - Growth enterprise market (GEM) Derivatives market Clearing statistics Exchange participants The investing community Hong Kong stock market historical events Appendices The Year 2002 in Review The Year The Year 2002 in Review The Hong Kong economy remained weak in 2002 but trade figures began to turn around in the second half of the year. Benefiting from the weakening US dollar and strong demand in the Mainland of China, Hong Kong’s total exports regained double-digit growth over a year earlier in the third quarter of 2002. The seasonally adjusted unemployment rate also fell from its historical peak of 7.8% in July 2002 to 7.2% in December 2002. However, the domestic sector remained sluggish in both investment and consumer spending. The latest economic forecast suggests a 2% growth in real terms of GDP and a 3% decline in the Composite Consumer Price Index for 2002. The trading performance of the Hong Kong securities and futures markets further weakened during the year. Hang Seng Index fell 18.2% from the previous year to end at 9,321.29. The average daily turnover of the Main Board also declined to HK$6,474 million, 19.3% less than that in 2001. The GEM Index ended at 110.4 at end of December 2002, representing a decrease of 44.6% from the previous year. The average daily turnover of the GEM improved slightly to HK$178 million in 2002, an increase of 9.9% from 2001. -
Prospectus E.Pdf
IMPORTANT If you are in any doubt about this prospectus, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser. (Incorporated in Hong Kong with limited liability under the Companies Ordinance) GLOBAL OFFERING Number of Offer Shares in the Global Offering: 2,298,435,000 (subject to adjustment and the Over-allotment Option) Number of Hong Kong OÅer Shares: 229,843,500 (subject to adjustment) Maximum OÅer Price: HK$9.50 per OÅer Share payable in full on application in Hong Kong dollars, subject to refund Nominal Value: HK$5.00 per Share Stock Code: 2388 Joint Global Coordinators and Joint Bookrunners BOC International Goldman Sachs (Asia) L.L.C. UBS Warburg Holdings Limited Joint Sponsors BOCI Asia Limited Goldman Sachs (Asia) L.L.C. UBS Warburg Asia Limited The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus, together with the documents speciÑed in the section headed ""Documents Delivered to the Registrar of Companies'' in Appendix VIII, has been registered by the Registrar of Companies in Hong Kong as required by Section 38D of the Companies Ordinance, Chapter 32 of the Laws of Hong Kong. The Securities and Futures Commission and the Registrar of Companies in Hong Kong take no responsibility as to the contents of this prospectus or any other document referred to above. -
The Chief Executive's 2020 Policy Address
The Chief Executive’s 2020 Policy Address Striving Ahead with Renewed Perseverance Contents Paragraph I. Foreword: Striving Ahead 1–3 II. Full Support of the Central Government 4–8 III. Upholding “One Country, Two Systems” 9–29 Staying True to Our Original Aspiration 9–10 Improving the Implementation of “One Country, Two Systems” 11–20 The Chief Executive’s Mission 11–13 Hong Kong National Security Law 14–17 National Flag, National Emblem and National Anthem 18 Oath-taking by Public Officers 19–20 Safeguarding the Rule of Law 21–24 Electoral Arrangements 25 Public Finance 26 Public Sector Reform 27–29 IV. Navigating through the Epidemic 30–35 Staying Vigilant in the Prolonged Fight against the Epidemic 30 Together, We Fight the Virus 31 Support of the Central Government 32 Adopting a Multi-pronged Approach 33–34 Sparing No Effort in Achieving “Zero Infection” 35 Paragraph V. New Impetus to the Economy 36–82 Economic Outlook 36 Development Strategy 37 The Mainland as Our Hinterland 38–40 Consolidating Hong Kong’s Status as an International Financial Centre 41–46 Maintaining Financial Stability and Striving for Development 41–42 Deepening Mutual Access between the Mainland and Hong Kong Financial Markets 43 Promoting Real Estate Investment Trusts in Hong Kong 44 Further Promoting the Development of Private Equity Funds 45 Family Office Business 46 Consolidating Hong Kong’s Status as an International Aviation Hub 47–49 Three-Runway System Development 47 Hong Kong-Zhuhai Airport Co-operation 48 Airport City 49 Developing Hong Kong into -
HONG KONG LEGISLATIVE COUNCIL ― 16 May 1984 947
HONG KONG LEGISLATIVE COUNCIL ― 16 May 1984 947 OFFICIAL REPORT OF PROCEEDINGS Wednesday, 16 May 1984 The Council met at half past two o’clock PRESENT HIS EXCELLENCY THE ACTING GOVERNOR (PRESIDENT) THE HONOURABLE THE CHIEF SECRETARY SIR CHARLES PHILIP HADDON-CAVE. K.B.E., C.M.G., J.P. THE HONOURABLE THE FINANCIAL SECRETARY SIR JOHN HENRY BREMRIDGE, K.B.E., J.P. THE HONOURABLE THE ATTORNEY GENERAL MR. MICHAEL DAVID THOMAS, Q.C. THE HONOURABLE DENIS CAMPBELL BRAY. C.M.G., C.V.O., J.P. SECRETARY FOR HOME AFFAIRS DR. THE HONOURABLE HARRY FANG SIN-YANG, C.B.E., J.P. THE HONOURABLE FRANCIS YUAN-HAO TIEN. O.B.E., J.P. THE HONOURABLE ALEX WU SHU-CHIH. C.B.E., J.P. THE HONOURABLE CHEN SHOU-LUM, C.B.E., J.P. THE HONOURABLE LYDIA DUNN, C.B.E., J.P. THE REVD. THE HONOURABLE PATRICK TERENCE McGOVERN. O.B.E., S.J., J.P. THE HONOURABLE PETER C. WONG. O.B.E., J.P. THE HONOURABLE WONG LAM, O.B.E., J.P. DR. THE HONOURABLE THONG KAH-LEONG. C.B.E., J.P. DIRECTOR OF MEDICAL AND HEALTH SERVICES THE HONOURABLE CHARLES YEUNG SIU-CHO. O.B.E., J.P. THE HONOURABLE JOHN MARTIN ROWLANDS, C.B.E., J.P. SECRETARY FOR THE CIVIL SERVICE DR. THE HONOURABLE HO KAM-FAI, O.B.E., J.P. THE HONOURABLE ANDREW SO KWOK-WING, O.B.E., J.P. THE HONOURABLE GERALD PAUL NAZARETH, Q.C., J.P. LAW DRAFTSMAN THE HONOURABLE WONG PO-YAN, O.B.E., J.P. -
Techwatch No. 39
TechWatch is a publication designed to alert members to topics and issues that impact on CPAs and their working environment. We welcome your comments and feedback. Comments and suggestions on TechWatch should be addressed to Stephen Chan, Executive Director by email. ISSUE 39 • November/December 2005 HEADLINES Season’s Greetings from The Hong Kong Institute of Certified Public Accountants Wishing you a Merry Christmas and a Peaceful and Prosperous New Year 聖誕快樂 新年進步 Spotlight 1. Handbook Updates No. 22 & 23 CPD & Events 2. Technical Update Evening (TUE) 3. Professional Development Activities January And February 2006 4. New CPD Requirements Effective From 1 December 2005 International Submissions 5. IASB Submissions 6. IAASB Submission 7. International Ethics Standards Board Submission Financial Reporting 8. Amendments To Standards Arising From Companies (Amendment) Ordinance 2005 9. New Transitional Provisions In HKAS 16 And HKAS 40 10. Institute Issues Accounting Guideline 5 And Withdraws SSAP 27 11. Institute Invites Comments On Two IASB Discussion Papers 12. FRSC Meeting Summaries – 12 October and 9 November 2005 Audit & Assurance 13. Institute Invites Comments On IAASB ED Of Improving The Clarity Of IAASB Standards 14. Innovation And Technology Fund – Revised Example Report By Auditors 15. AASC Meeting Summary – 26 October 2005 HEADLINES Ethics 16. New Code Of Ethics For Professional Accountants Corporate Governance 17. Results Of The 2005 Best Corporate Governance Disclosure Awards Announced Banking 18. Example Disclosure Note On Regulatory Reserve 19. Commencement Of Banking (Amendment) Ordinance 2005 Insolvency & Corporate Restructuring 20. Institute Comments On Draft Subsidiary Legislation Under Bankruptcy (Amendment) Ordinance 2005 Taxation 21. Revenue (Abolition of Estate Duty) Ordinance 2005 Gazetted 22. -
The Yet-To-Be Effective but Effective Tax: Hong Kong's Buyer's Stamp
The Yet-to-be Effective But Effective Tax: Hong Kong’s Buyer’s Stamp Duty as A Critical Case Study of Legislation by Press Release Jianlin Chen ** When a government announces that an existing law will be amended, and that the amendment, when finally enacted by the legislature, will be made effective from the announcement date, it is natural and inevitable that private entities will conduct their activities on the basis of the amended law immediately upon the announcement date, notwithstanding the announcement’s lack of any formal legal effect. This practice of effecting immediate de facto legal changes is known derisively, but perhaps aptly, as “legislation by press release.” This Article utilizes the recent use of legislation by press release to implement the Buyer’s Stamp Duty in Hong Kong as a case study to critically examine the legality and normative considerations of this increasingly common but under-theorized practice. Legally, this Article argues that the prospective notice provided by the initial announcement ensures the practice’s legality in all but an explicit prohibition of retrospective civil legislation. Normatively, this Article highlights the various criteria of clarity, consistency, necessity and political dynamic that affect the desirability of the practice. On a broader note, the formal retrospectivity inherent in the practice - but which does not disrupt the reliance interests of private entities - provides a useful reexamination of the conventional aversion towards retrospective laws. **Assistant Law Professor (University of Hong Kong), JSD Candidate (University of Chicago), LLM (University of Chicago), LLB (University of Singapore). Admitted to the bar in New York and Singapore. -
Hong Kong Tax Update Seminar 2020 - 2021
Hong Kong Tax Update Seminar 2020 - 2021 BENEFITS OF ATTENDING/ LEARNING OUTCOMES From 1 January 2020 to 30 November 2020, Commissioner of Inland Revenue issued one New Inland Revenue Departmental Interpretation and Practice Notes (DIPN) No. 61, and revised 15 existing DIPNs. Three new pieces of legislation were enacted to amend the Inland Revenue Ordinance and Stamp duty Ordinance, and one case was recently decided. The objective of this seminar is to provide an understanding of the new tax law and practice. PROGRAM OVERVIEW AND KEY TOPICS ⚫ New principles governing permanent establishment ⚫ Transfer pricing rule after the abolition of section 20 of the Inland Revenue Ordinance ⚫ New deduction rules for research & development expenditure ⚫ Environmental protection installations ⚫ Various concessionary deductions under salaries tax from 2019/20 onward ⚫ Separate personal assessment and other new personal assessment arrangement from 2018/19 onward ⚫ New development of Base Erosion and Profit Shifting (BEPS) ⚫ New stamp duty treatment on transfer of immovable property Speaker Profile Mr Patrick Ho is the author of the book “Hong Kong Taxation and Tax Planning”. He has more than 35 years’ experience in tax practice, university teaching and in-house teaching in all the Big 4. Who Should Attend Students of professional accounting bodies, commercial accountants, officers of human resource department, tax professionals and auditors. Language Fee: HK$560 Cantonese (Handout in English) (Four hours in total, Part A & Part B) Date Time Venue Speaker/ Organisation Part A : 14 Apr 2021 (Wed) Hong Kong School of Mr. Patrick Ho, LL.B, LL.M., MBA, MCS, PCLL, 19:00 –21:00 Part B : 16 Apr 2021 (Fri) Commerce FCPA Barrister-at-law (ONE REGISTRATION FORM FOR ONE PERSON ONLY) Cheques should be made payable to: “Hong Kong School of Commerce” Full Name: HKID: Gender M / F Telephone No: Email: Cheque No.: Bank: Please tick the appropriate box if receipt is required. -
2006 Economic Background and 2007 Prospects
2006 ECONOMIC BACKGROUND AND 2007 PROSPECTS ECONOMIC ANALYSIS DIVISION ECONOMIC ANALYSIS AND BUSINESS FACILITATION UNIT FINANCIAL SECRETARY’S OFFICE GOVERNMENT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION February 2007 CONTENTS Paragraphs CHAPTER 1: OVERVIEW OF ECONOMIC PERFORMANCE IN 2006 Overall situation 1.1 - 1.2 The external sector 1.3 - 1.4 The domestic sector 1.5 - 1.6 The labour sector 1.7 - 1.8 The asset markets 1.9 - 1.10 Inflation 1.11 - 1.12 GDP by economic activity 1.13 - 1.15 Strengthening Hong Kong’s role in the Mainland’s economic 1.16 - 1.19 development Some highlights of economic policy 1.20 - 1.22 Box 1.1 Productivity growth in Hong Kong CHAPTER 2: ECONOMIC OUTLOOK FOR 2007 AND THE MEDIUM TERM Major external factors 2.1 Global economic outlook 2.2 - 2.4 Exchange rates and price competitiveness 2.5 - 2.8 Oil prices 2.9 Major domestic factors Interest rate movements 2.10 - 2.11 Integration with the Mainland 2.12 - 2.14 Outlook for the Hong Kong economy in 2007 2.15 - 2.21 Medium-term outlook for the Hong Kong economy 2.22 - 2.23 Box 2.1 Exchange rate movement as a prominent factor affecting Hong Kong’s export performance CHAPTER 3: THE EXTERNAL SECTOR Visible trade Total exports of goods 3.1 - 3.4 Imports of goods 3.5 Invisible trade Exports of services 3.6 Imports of services 3.7 Visible and invisible trade balance 3.8 Trade policy and other developments 3.9 Strengthening institutional framework 3.10 - 3.12 Other policy measures 3.13 - 3.14 Box 3.1 How would US economic slow-down impact on Hong Kong’s exports? CHAPTER -
UNIVERSITY of CALIFORNIA SANTA CRUZ EVERYDAY IMAGININGS UNDER the LION ROCK: an ANALYSIS of IDENTITY FORMATION in HONG KONG a Di
UNIVERSITY OF CALIFORNIA SANTA CRUZ EVERYDAY IMAGININGS UNDER THE LION ROCK: AN ANALYSIS OF IDENTITY FORMATION IN HONG KONG A dissertation submitted in partial satisfaction of the requirements for the degree of DOCTOR OF PHILOSOPHY in POLITICS by Sarah Y.T. Mak March 2013 The Dissertation of Sarah Y.T. Mak is approved: _______________________________ Professor Megan Thomas, Chair ________________________________ Professor Ben Read ________________________________ Professor Michael Urban ________________________________ Professor Lisa Rofel ______________________________________ Tyrus Miller Vice Provost and Dean of Graduate Studies Copyright © by Sarah Y.T. Mak 2013 TABLE OF CONTENTS List of Figures ..................................................................................................................... v Abstract ...............................................................................................................................vi Acknowledgments.........................................................................................................viii CHAPTER ONE: INTRODUCTION ..............................................................................................1 I. SETTING THE SCENE .......................................................................................................1 II. THE HONG KONG CASE ............................................................................................. 15 III. THEORETICAL STARTING POINTS ........................................................................... -
Developing a Supplementary Guide to the Chinese Language Curriculum for Non-Chinese Speaking Students
LC Paper No. CB(2)1238/07-08(01) Consultation Paper on Developing a Supplementary Guide to the Chinese Language Curriculum for Non-Chinese Speaking Students Prepared by the Curriculum Development Council Recommended for use in schools by the Education Bureau, The Government of the Hong Kong SAR January 2008 1 2 Contents Preamble 1 Chapter I – Introduction 1.1 Purpose 3 1.2 Background 4 1.2.1 Non-Chinese Speaking (NCS) Students in Hong Kong 4 1.2.2 The Language Education Policy of Hong Kong 4 Chapter II – The Chinese Language and Chinese Language Learning 2.1 Characteristics of the Chinese Language 7 2.1.1 Linguistic Characteristics of Modern Chinese Language 7 2.1.2 The Spoken Language of Chinese 9 2.1.3 The Chinese Script 9 2.2 Features of Chinese Language Learning 10 2.2.1 Learning Chinese as the Mother Language 10 2.2.2 Learning Chinese as a Second Language 10 Chapter III – Experiences of Chinese Language Learning for Non-Chinese Speaking Students 3.1 Experiences in Mainland China 13 3.1.1 Background 13 3.1.2 Experiences 13 3.2 Experiences in Taiwan 15 3.2.1 Background 15 3.2.2 Experiences 15 3.3 Experiences in Singapore 15 3.3.1 Background 15 3.3.2 Experiences 16 3.4 The International Scene 16 3.5 The Situation of Chinese Language Learning for NCS Students in Hong Kong Schools 16 3.5.1 The Chinese Language Education Curriculum Framework and School Experiences 16 3.5.2 Successful Cases and Attainment of Chinese Language Learning for NCS Students 20 3.5.3 Major Concerns of Chinese Language Learning for NCS Students 21 3.6 Existing Resources -
Chinese Marriage Migrants and Contested Belonging in Hong Kong and Taiwan
INTIMATE FRONTIERS: CHINESE MARRIAGE MIGRANTS AND CONTESTED BELONGING IN HONG KONG AND TAIWAN by Man Chuen Cheng A thesis submitted in conformity with the requirements for the degree of Doctor of Philosophy Department of Sociology University of Toronto © Copyright by Man Chuen Cheng 2018 Intimate Frontiers: Chinese Marriage Migrants and Contested Belonging in Hong Kong and Taiwan Man Chuen Cheng Doctor of Philosophy Department of Sociology University of Toronto 2018 Abstract Based on 17 months of ethnographic fieldwork conducted in Taiwan and Hong Kong between June 2014 and July 2016, this dissertation examines the everyday regulation and negotiation of belonging at various sites of Chinese marriage migrants' personal lives, including social service encounters, domestic space of the home, and Chinese marriage migrant communities. As Chinese women married across the two politically contested borders, their post-migration lives are situated within the frontiers of intimate family lives but also historically grounded political struggles and renewed local discontent against China’s political encroachment. The struggles of belonging faced by Chinese marriage migrants illuminate the norms, values, and ideologies upheld by citizens and the states of Hong Kong and Taiwan. As Chinese marriage migrants yearn to integrate into the Hong Kong and Taiwanese societies, some Chinese marriage migrants mobilized hegemonic discourses of belonging to make meanings of their everyday lives, others contested their exclusion by redefining their identities and in the process, producing new ii layers of inequalities against less-privileged Chinese marriage migrants. Delving into the narratives of belonging developed in everyday interaction, this dissertation shows how national belonging is a regulated and negotiated process beyond legal categories and immigration policies. -
TRANS-PACIFIC PARTNERS: the Commercial, Capital and Cultural Exchange Between Hong Kong and California
TRANS-PACIFIC PARTNERS: The commercial, capital and cultural exchange between Hong Kong and California LAEDC Hong Kong Report 0918.indd 3 9/18/19 1:35 PM TRANS-PACIFIC PARTNERS: The commercial, capital and cultural exchange between Hong Kong and California Los Angeles County Economic Development Corporation 444 S. Flower Street, 37th Floor • Los Angeles, CA 90071 (888) 4-LAEDC-1 • www.LAEDC.org Supported by: HONG KONG TRADE DEVELOPMENT COUNCIL (HKTDC) SEPTEMBER 2019 This research was commissioned by the Hong Kong Trade Development Council. The LAEDC Institute for Applied Economics provides objective economic and policy research for public agencies and private firms. The group focuses on economic impact studies, regional industry analyses, economic forecasts and issue studies, particularly in workforce development, transportation, infrastructure and environmental policy. LAEDC has made every reasonable effort to ensure that the data contained herein reflect the most accurate and timely information possible and they are believed to be reliable. The report is provided solely for informational purposes and is not to be construed as providing advice, recommendations, endorsements, representations or warranties of any kind whatsoever. LAEDC Hong Kong Report 0918.indd 4 9/18/19 1:35 PM Los Angeles County Economic Development Corporation Table of 4 – Looking Back and Thinking Ahead 20 US-Hong Kong Relations 20 Impacts of Trade War 20 Contents 5 – Tourists & Students – Crossing Shores 23 Tourism between Hong Kong and California 23 1 - Introduction