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The fare adjustment mechanism is a direct-drive formula that takes changes in the Composite Consumer Price Index (CCPI), the Nominal Wage Index (NWI), and a predetermined productivity factor into account. And, the formula is as follows: Overall Fare Adjustment Rate = 0.5 x Change in CCPI + 0.5 x Change in NWI – Productivity Factor
Most papers sell at a cover price of HK$9-10, except South China Morning Post (HK$9, while the Sunday edition, Sunday Morning Post, costs HK$10). The economic recession brought about by SARS in 2003 led to some resellers pricing at $1 below the recommended price.
Traffic congestion has emerged as a significant socioeconomic issue in Hong Kong. In 2021, cross-harbour traffic during peak hours has been confirmed to exceed 26% of the total capacity of the three tunnels, and it takes drivers up to 25 minutes on average to pass through the Cross-Harbour Tunnel during the morning rush hour, a full three times higher than during the smooth traffic periods ...
83129.HK BOCHK Greater Bay Area Climate Transition ETF - tracks the S&P BOCHK China Hong Kong Greater Bay Area Net Zero 2050 Climate Transition Index; 83147.HK CSOP SZSE ChiNext ETF – tracks the SZSE ChiNext Index (Delisted 2019-12-09) 83150.HK Harvest CSI Smallcap 500 Index ETF – tracks the CSI Smallcap 500 Index
The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert US dollars for Hong Kong dollars from the HKMA; Hong Kong dollar supply will increase, and the market rate will climb back to 7.80.
The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency, and has an official exchange rate, the CNY plays an important role in the world economy and international trade.
The Minimum Wage Ordinance Cap. 608 is an ordinance enacted by the Legislative Council of Hong Kong to introduce a minimum wage in Hong Kong in July 2010. [2] The executive branch proposed a minimum wage of HK$28 (~US$3.61) per hour in November 2010, which the Legislative Council voted to accept after much debate in January 2011.
a cut in profits-tax rates; abolishing the capital fee to encourage more businesses to incorporate in Hong Kong; reducing the motor vehicle first registration tax and duties on liquor, petrol, diesel, aircraft fuel and methyl alcohol; cutting charges for import and export declarations; abolishing the 3% hotel accommodation tax;