scholarly journals Is Optimum Currency Area Feasible In East Asia? A Regional Study On Mainland China And Hong Kong

2011 ◽  
Vol 10 (3) ◽  
pp. 1
Author(s):  
Hong Zhuang
Keyword(s):  
Hong Kong ◽  
Interest Rate ◽  
Mainland China ◽  
Output Growth ◽  
Product Diversification ◽  
Regional Study ◽  
Currency Area ◽  
Inflation Rates ◽  
Economic Indices ◽  
Industry Structures

This paper evaluates the possibility of forming a common currency area in Mainland China and Hong Kong using five economic indices that are used as criterion for the optimality of a currency area in the literature and finds mixed results. The higher product diversification in Mainland China, low correlations in real output growth, money growth, nominal interest rate and real interest rate, dissimilarity of industry structures and inflation rates do not support the formation of a currency union between the two regions. However, the analysis of degrees of openness is in favor of Hong Kong forming a monetary union with Mainland China.

The Determinants of Dim Sum Bond Liquidity

2020 ◽  
Vol 8 (11) ◽  
pp. 141-156
Author(s):  
Vasiliki Delitheou ◽  
Meng Lei ◽  
Thanos Verousis
Keyword(s):  
Hong Kong ◽  
Interest Rate ◽  
Banking Sector ◽  
Mainland China ◽  
Bond Market ◽  
Comprehensive Analysis ◽  
Macroeconomic Variables ◽  
Bid Ask Spread ◽  
Bond Liquidity ◽  
Chinese Yuan

In this paper, we offer a comprehensive analysis of the structure of the Dim Sum bond market. We show that Dim Sum bonds usually have a short maturity and that the market is dominated by issuers from the banking sector. In our analysis of the determinants of Dim Sum bond bid-ask spread, we find that both bond-specific determinants (issuance amount, maturity, and collateral), and macroeconomic variables particular to the Dim Sum bond market, influence its liquidity. The narrower Chinese yuan interest rate gap between mainland China and Hong Kong and a growing appreciation of the Chinese yuan, in addition to the fall in the Dim Sum Bond Market Yield Index, have led to improved liquidity in the market.

A cross-regional study of the reactive and proactive aggression of youth in Spain, Uruguay, mainland China, and Hong Kong

2018 ◽  
Vol 27 (4) ◽  
pp. 748-760 ◽  
Author(s):  
Annis Lai Chu Fung ◽  
Xiang Li ◽  
Martín J. Ramírez ◽  
Bess Yin-Hung Lam ◽  
Luis Millana ◽  
...  
Keyword(s):  
Hong Kong ◽  
Mainland China ◽  
Proactive Aggression ◽  
Regional Study ◽  
Reactive And Proactive Aggression

Trade Ties between Hong Kong and Mainland China

Asian Survey ◽  
1970 ◽  
Vol 10 (9) ◽  
pp. 820-839
Author(s):  
Patrick Yeung
Keyword(s):  
Hong Kong ◽  
Mainland China

scholarly journals Characterization of a Human H5N1 Influenza A Virus Isolated in 2003

2005 ◽  
Vol 79 (15) ◽  
pp. 9926-9932 ◽  
Author(s):  
Kyoko Shinya ◽  
Masato Hatta ◽  
Shinya Yamada ◽  
Ayato Takada ◽  
Shinji Watanabe ◽  
...  
Keyword(s):  
Hong Kong ◽  
Avian Influenza ◽  
Influenza A Virus ◽  
Influenza A ◽  
Mainland China ◽  
Virus Infections ◽  
Influenza A Viruses ◽  
H5n1 Avian Influenza Virus ◽  
H5n1 Influenza ◽  
Avian Influenza A Virus

ABSTRACT In 2003, H5N1 avian influenza virus infections were diagnosed in two Hong Kong residents who had visited the Fujian province in mainland China, affording us the opportunity to characterize one of the viral isolates, A/Hong Kong/213/03 (HK213; H5N1). In contrast to H5N1 viruses isolated from humans during the 1997 outbreak in Hong Kong, HK213 retained several features of aquatic bird viruses, including the lack of a deletion in the neuraminidase stalk and the absence of additional oligosaccharide chains at the globular head of the hemagglutinin molecule. It demonstrated weak pathogenicity in mice and ferrets but caused lethal infection in chickens. The original isolate failed to produce disease in ducks but became more pathogenic after five passages. Taken together, these findings portray the HK213 isolate as an aquatic avian influenza A virus without the molecular changes associated with the replication of H5N1 avian viruses in land-based poultry such as chickens. This case challenges the view that adaptation to land-based poultry is a prerequisite for the replication of aquatic avian influenza A viruses in humans.

International Real Estate Review

1998 ◽  
Vol 1 (1) ◽  
pp. 64-80
Author(s):  
Jia He ◽  
◽  
Ming Liu ◽  
Keyword(s):  
Hong Kong ◽  
Interest Rate ◽  
Real Estate ◽  
Seasonal Pattern ◽  
Property Market ◽  
Mortgage Loans ◽  
Adjustable Rate ◽  
The Interest Rate

A study on the prepayment behavior of Hong Kong mortgage loans is conducted. With all of the loans as adjustable-rate mortgages (ARMs), we find that 1) Prepayment speeds up and then slows down as the mortgage seasons; 2) Prepayment speeds up as the rate markup decreases; 3) Prepayment speeds up as the interest rate increases; 4) Prepayment speeds up when the profitability ratio of the banks ( the prime-HIBOR spread) is higher; 5) Prepayment speeds up as the price of the property market falls; 6) Prepayment speed is faster for loans with a lower loan-to-value ratio; 7) Prepayment exhibits a seasonal pattern: people tend to prepay in the summer.

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