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In November 2010, legislators of the Hong Kong SAR Government agreed to set a minimum wage level of HK$28.00 (UK£2.29 or US$3.60) per hour, which came into force on 1 May 2011. [12] Effective 1 May 2013, this was raised to HK$30.00 per hour. Effective 1 May 2015, the minimum wage was raised to HK$32.50 per hour.
Singapore, Hong Kong and Taiwan are considered attractive destinations by those seeking employment as domestic workers. According to Quartz, Hong Kong has one of the highest densities of foreign domestic workers in the world and its pay scale is a benchmark for other jurisdictions. Since the mid-1970s, when the foreign-domestic-helper policy ...
Popularity. The Chinese language newspapers Headline Daily and Oriental Daily News have the highest shares in the Hong Kong newspaper market, while the Hong Kong Economic Times is the best-selling financial newspaper. The Standard, a free tabloid with a mass market strategy, is the most widely circulated English newspaper by a significant margin.
The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [ 15][ 16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [ 17] and is pegged to the US dollar. [ 18 ...
During the 1950s and 1960s Hong Kong was restructured from being an entrepôt to being an industrial city. [1] This was also the first change in economic structure. One cause of industrialisation was the Korean War. The United States' embargo on China led to a decline in the entrepôt trade with China, Hong Kong's biggest market at the time.
From stock market news to jobs and real estate, it can all be found here. ... HONG KONG (Reuters) -China will gradually raise its statutory retirement age, now among the world's lowest, to allow ...
Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory's woes. Finance minister Paul Chan announced the move in a ...
Hong Kong portal. v. t. e. The Hong Kong Economic Times (abbreviated as the HKET) is a financial daily newspaper in Hong Kong. It was founded by Lawrence S P Fung ( Chinese: 馮紹波; Chairman), Perry Mak (Managing Director), Arthur Shek Kang-chuen ( Chinese: 石鏡泉; Executive Director) and others. It started with a HK$ 20 million ...