Financial Services in Hong Kong

Paper Summary:

This paper offers a proposal for an MBA research project that would examine the prospects of opening the Hong Kong marketplace to FTX investment products. The paper provides an overview of the foreign exchange rate system and background information on Hong Kong's economy and market. Also included is an outline of the structure of the proposed research project.

From the Paper:

"The exchange rate is one of the primary factors in the business of international trading. While there have been system changes in the United States, from the Bretton Woods to the present floating rate; and there are differing systems that are implemented throughout the world, the fact remains that the exchange rate is the basis for an amazing amount of financial decisions. Economists will argue over which system is best, but there is not doubt that whatever system is chosen it will still have to be able to withstand the constant fluctuations in supply and demand. In the past few years, the world has seen supposed stable markets plummet after an overvaluation of their currency. Brazil and Russia are just a few of the countries that were affected - Mexico, Asia, Thailand, Malaysia, the Philippines, and Indonesia are other countries who have had to overhaul their exchange system. Right now the dollar remains strong."

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MLA Citation: