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This article details an investigation into the onscreen marking (OSM) of Liberal Studies (LS) in Hong Kong-where paper-based marking (PBM) of public examinations is being phased out and wholly superseded by OSM. The study involved 14 markers who had previously rated Liberal Studies scripts on screen in the 2009 Hong Kong Advanced Level examination. In the study, the 14 markers re-marked, on paper, a number of the scripts they had marked on screen in the 2009 examination. Using multi-faceted Rasch analysis, a five-faceted design was employed, modeling markers, test takers, input questions, rating scales, and the marking medium. Results showed that all factors generally exhibited good data fit. With the major facet for investigation being the method of marking, logit values centred at zero emerged. The hypothesis that the method of marking does not intrude on scores awarded to test takers when scripts are marked on screen or on paper was therefore accepted. Since all public examinations in Hong Kong will be marked solely on screen in 2012, it is vital for professional and public confidence that the scores returned from the OSM marking system can be considered as reliable as those obtained from paper-based marking. Results from the current study suggest that this is so. Given that many countries and jurisdictions globally are considering the implementation of OSM technology-albeit not in the all-embracing manner of Hong Kong-the current study provides further validation for the worldwide adoption of such technology. [ABSTRACT FROM AUTHOR]

Japanese manufacturer of speciality paper products Awa Paper Company Limited has jointly developed a new filter media with Finetex Technology Global Limited, which is based in Hong Kong. [Copyright &y& Elsevier]

This paper describes a study comparing paper-based marking (PBM) and onscreen marking (OSM) in Hong Kong utilising English language essay scripts drawn from the live 2007 Hong Kong Certificate of Education Examination (HKCEE) Year 11 English Language Writing Paper. In the study, 30 raters from the 2007 HKCEE Writing Paper marked on paper 100 scripts that they had marked on screen 9 months previously. Subsequent to the rating, they completed a questionnaire, from which it was concluded that, technologically, raters had no problems with OSM. Statistical results indicated no bias favouring either form of rating. Attitudinal differences surfaced, however, between new raters who had solely rated on screen as against veteran raters, whose previous rating experiences had only been with paper-based rating. The paper concludes with the prediction that as OSM becomes more prevalent, it will be accepted as the norm, with prejudice about fairness or convenience gradually fading. [ABSTRACT FROM AUTHOR]

Collecting feedback from students through course, program and other evaluation questionnaires has become a costly and time consuming process for most colleges. Converting to data collection through the internet, rather than completion on paper, can result in a cheaper and more efficient process. This article examines several research questions which need to be answered to establish that results collected by the two modes of administration are equivalent. Data were gathered for a program evaluation questionnaire from undergraduate students at a university in Hong Kong. Students were able to choose between completion on paper or through the internet. In six of the seven Faculties the number of responses through each mode was roughly the same. Students in the Engineering Faculty favored the internet. Scores on the 14 out of 18 scales in the instrument showed small differences by mode of response, which became smaller still with controls for pertinent demographic variables. The main response question addressed in the study was whether there was any difference in the way respondents to the two modes interpreted the questions. The study demonstrated the equivalence of the two data sets by showing that both could be fitted to a common model with structural equation modeling (SEM). Five levels of tests of invariance further confirmed the comparability of data by mode of administration. This study, therefore suggests that changing to internet collection for course and program evaluations will not affect the comparability of ratings. [ABSTRACT FROM AUTHOR]

Much of academic publishing research is conducted with professors and with postgraduate students majoring in science. There is less published research on how EFL postgraduate students specializing in applied linguistics reflect on their publishing activities. Little is known about what challenges these students face in writing journal papers and how they perceive support provided by their universities with regard to publishing. The present study fills this gap by investigating six Hong Kong postgraduate students to understand their challenges in publishing refereed journal papers and their perception of institutional support for research publication. The interview data highlight that lack of motivation and lack of confidence are challenges faced by the interviewees in writing journal papers. Despite the fact that Hong Kong universities provided support to help doctoral students develop research publication, the majority of the interviewees had not fully benefited from such existing support. It is concluded that lack of confidence could be attributed to the students' non-native English speaker status and insufficient formal instruction in academic writing, while lack of motivation could be explored with reference to the socio-cultural context in Hong Kong. [ABSTRACT FROM AUTHOR]

The article discusses the highlights of the 2009 Conference on Advances in Microfluidics and Nanofluidics at the Hong Kong University of Science & Technology in Hong Kong, China on January 5-7. Among the supporters of the conference include the Institute for Advanced Study, the Institute of Complex Adaptive Matter and the Institute of Integrated Micro Systems. The conference consisted of sessions, contributed talks and poster presentations. Topics discussed include microfluidic science, nanofluidic science and microfludic and nanofluidic applications.

Most comparative studies of media are undertaken between different countries. It is normally assumed that there are considerable commonalities between the media in a given country and it is usually argued that these are sufficient to form a 'media system', which can usefully be contrasted with that of another country. It is relatively unusual to find two sets of media within one country that are sufficiently distinct as be considered as different systems. This paper explores one of the exceptions to that general rule: the case of the Hong Kong media as compared with those of mainland China. Given the different historical and current situations of the two locations at the time the research was conducted, it is to be expected that the kinds of journalism practised would be radically dissimilar. The results of a content analysis of five mainland and three Hong Kong papers demonstrate that, at the aggregate level, there are indeed important differences. A more detailed analysis, however, demonstrates that each of the three Hong Kong papers is in fact closer to mainland groupings than they are to each other. One Hong Kong paper, Ta Kung Pao, is closest to the most 'official' grouping of mainland papers, while Ming Pao falls in to a grouping with the 'liberal' mainland paper. The now defunct Apple Daily, on the other hand, has the closest links with the 'popular official' mainland press. Taken together, these findings suggest that the common assumption that different forms of journalism are best compared on a national basis is incorrect and that factors like market position and ideological orientation have an important influence on the kinds of journalism practised across borders. [ABSTRACT FROM AUTHOR]

Presents guidelines on election-related activities regarding the 2004 Legislative Council Election in Hong Kong, China. Information on polling and counting arrangements; Process of counting geographical constituencies votes; Grounds for lodging an election petition.

Objectives To analyse the contributions of authors from three major regions of China - the Mainland ( ML), Hong Kong ( HK) and Taiwan ( TW) - in the field of health care sciences and services. Methods Articles published by Chinese authors between 1998 and 2012 in the category of health care sciences and services were retrieved from the Science Citation Index Expanded ( scie) database. The numbers of total articles, impact factors, citations, articles included in the top 10 highest impact journals and the 10 journals that published the most papers were recorded. Results ML, HK and TW published 615, 415 and 1162, respectively, with accumulated impact factors of 1281.65, 904.29 and 2361.44; average impact factor of 2.08, 2.18 and 2.03; and total citation times of 2313, 2652, and 4818. Regarding the top 10 high-impact journals, ML, HK and TW accounted for 28.25%, 27.68% and 44.07%, respectively. Total impact factors of the most popular 10 journals for ML, HK and TW were 20.86, 22.08 and 18.92, respectively. Discussion and Conclusions Both the quality and quantity of papers published in health care sciences and services journals from ML, HK and TW have greatly improved. ML and HK have different strong points, while the gap with TW diminished. [ABSTRACT FROM AUTHOR]

The article presents information on a conference related to tourism and hospitality industry, and also invites readers to submit papers on same topics for the conference. Information about the "Fifth International Conference on Tourism Industry: Development, Marketing and Sustainability," which will be held in Hong Kong from May 23-25, 2002, is presented. In the conference topics related to the development of tourism industry and hospitality industry in Asia will be discussed. Papers related to marketing and promotion of tourism, tourism forecasting, and economic aspects of tourism are also called for.

Chinese cultural conservatism used to participate in shaping the course of modernization to a large extent. In this paper, I aim to describe a hidden lineage of Chinese cultural conservatism of the twentieth century that is still alive and appears to be more and more influential in mainland China. Relying on several ideas developed by Neo-Confucians of the early twentieth century, Gan Yang's paper in 2007 represented a contemporary revival of Chinese cultural conservatism. More importantly, in recent years, this kind of revival of conservative discourse went through another big change, which not only matters to the self-underpinning of the legitimate basis of the current regime, but also combined with the political conservations related to the Hong Kong protest of 2019–2020 explains why this country is so ideologically different from the West. [ABSTRACT FROM AUTHOR]

Presents a study on the wastepaper-recycling behavior among college students in Hong Kong, China. Overview of the theory of planned behavior; Method; Results; Discussion.

The Greater Bay Area (GBA) is to become a major innovation and technology hub of global impact. Such a transformation is to take place in the midst of a policy-driven economy in GBA's Mainland region and a market-driven economy in Hong Kong and Macau. In this paper, we examine the uniqueness and complexities of logistics and trade facilitation in GBA. This study establishes a discourse in GBA's logistics and trade facilitation between government and non-government stakeholders. Based on the discourse, we provide a conceptual context on the unique aspects of GBA, pinpointing critical issues such as the coexistence of differing institutional systems and interplay between state planning and market economy. A major objective of the paper is to identify and conceptualize unique logistics and trade features of GBA development, and to highlight opportunities for academic and policy research. [ABSTRACT FROM AUTHOR]

The Chinese national legislature has enacted a national security law (NSL) for Hong Kong. This paper applies the theory of national security constitution as developed by Professor Koh to examine the impact of the NSL upon four core constitutional principles in Hong Kong's mini-constitution which underly its national security constitution and to evaluate the nature of the impact. The paper argues that the NSL has, instead of applying and supplementing the existing underlying constitutional principles in the mini-constitution, changed them to various degrees, and the pre-NSL bifurcated national security system for Hong Kong and mainland China has been replaced by an integrated national security system under the NSL. The impact caused by the NSL is so significant as to amount to a permanent paradigm shift to a new post-NSL national security constitution. The paper also argues that the theory of national security constitution has its limitation in its application to subnational Hong Kong because its mini-constitution and the underlying principles therein can be modified by national legislation, such as the NSL, of its sovereign, China. Through a comparative study with the USA, the paper proposes that the theory of national security constitution needs to be modified by adding that different effects may occur to a sub-national national security constitution depending on the source of the framework national security legislation. Hong Kong's failure in its constitutional duty to enact national security legislation under Article 23 of the Basic Law has led to the enactment of the NSL by China. Such legislation from the sovereign has changed the underlying constitutional principles and is fundamentally different from sub-national framework legislation that only implements and supplements those principles. However, a comparative study with Macau indicates that the theory of national security constitution is still applicable to a sub-national entity such as Macau so long as China as sovereign exercises self-restraint and any framework national security legislation is enacted at the sub-national level. [ABSTRACT FROM AUTHOR]

Purpose: This paper explores international trade of the Chinese manufacturing industries through the lenses of network analysis (NA) to visualise the world trade network of the Chinese economy, describe its topology and better explain the international organisation of Chinese manufacturing industries. Design/methodology/approach: The authors built a dataset of 40,550 Chinese companies and their 107,026 subsidiaries in 118 countries from Orbis-BVD and used a NA to investigate the connection between China and other countries. In particular, the authors studied the connections between Chinese companies and their subsidiaries in order to build a network of Chinese industries. Findings: The authors found that the network of Chinese companies is ramified but not wide and it can be divided into two clusters. Moreover, the relations between China and other peripheral countries are strongly mediated by a few leading locations (e.g. Hong Kong and the USA). Originality/value: This paper contributes to the literature in several ways. First, the authors provide empirical evidence on the magnitude and ramifications of Chinese enterprises in the world. The existing studies generally focus on applying NA to sectoral insights (Mao and Yang, 2012; Shaikh et al., 2016; Zheng et al., 2016; Wanzenbö ck, 2018; Krichene et al., 2019), whereas in this work the authors take a comprehensive view of the entire Chinese manufacturing system. Second, this paper complements the existing literature identifying the difference between cluster levels in Chinese manufacturing (Wu and Jiang, 2011) by proposing a cluster centralisation method to analyse the international network of Chinese firms rather than just the national network. Finally, the results also shed light on the international trade relationship between China, Hong Kong and the USA. [ABSTRACT FROM AUTHOR]

Field lateral load tests were conducted on two single 1.5 m diameter large bored piles in Hong Kong. The test piles are embedded in superficial deposits and weathered rocks with various degrees of decomposition. In this paper, the pile load test results are interpreted and reported. A simple and rational method of back-analysis for long piles, using inclinometer data and assuming a fourth-order polynomial to represent the shape of soil reaction profile, is introduced. The method, requiring only simple spreadsheet-type operations, makes it possible to incorporate non-linear concrete behaviour in the back-analysis, and to deduce the p-y curves for future design of piles in similar ground conditions. In order to verify the rational method, an analysis is carried out using the back-analysed p-y curves, and the predictions are found to agree well with the measured pile head deflections. This proposed method demonstrates how p-y curves are back-analysed rationally for long piles embedded in complex ground conditions, in contrast to traditional back-analyses using recommended p-y curves for a uniform soil stratum. [ABSTRACT FROM AUTHOR]

The development of efficient and reliable online assessments has become increasingly important in the digital era. We developed a 10-min online word reading assessment of global English based on the existing paper-and-pencil version of our English silent word reading test. The test includes two parts, namely, random word recognition and contextual word reading. A total of 889 participants (437 children and 392 adults; 62.7% female) took part in the study. They were from various regions including mainland China, Hong Kong SAR, Macau SAR, Poland, the United States, and the Philippines. Reliability and validity analyses on various demographics samples (by age and country/region of origin) demonstrated that the WordSword Test is highly reliable and valid (e.g., the correlation of this test with other English reading measures were above.80). Education level was positively correlated with test performance, while the correlations between age and test performance were not consistent. Ninety-seven children participants also took the paper-and-pencil version of the WordSword Test. The correlation between performances on the online and paper-and-pencil versions of the test was.879, one year apart. With more children and adults taking the WordSword Test, we ultimately hope to establish norms by area, grade level, and age. [ABSTRACT FROM AUTHOR]

This paper studies a dynamic principal–agent setting in which the principal needs to dynamically schedule an agent to work or be suspended. When the agent is directed to work and exert effort, the arrival rate of a Poisson process is increased, which increases the principal's payoff. Suspension, on the other hand, serves as a threat to the agent by delaying future payments. A key feature of our setting is a switching cost whenever the suspension stops and the work starts again. We formulate the problem as an optimal control model with switching and fully characterize the optimal control policies/contract structures under different parameter settings. Our analysis shows that, when the switching cost is not too high, the optimal contract demonstrates a generalized control-band structure. The length of each suspension episode, on the other hand, is fixed. Overall, the optimal contract is easy to describe, compute, and implement. This paper was accepted by Ilia Tsetlin, behavioral economics and decision analysis. Funding: The work of P. Cao is financially supported by the National Natural Science Foundation of China [Grants 72122019 and 71771202]. The work of F. Tian is financially supported by the Hong Kong Research Grants Council (RGC) funding (RGC Early Career Scheme 2022/23) [Grant 27500822]. Supplemental Material: The e-companion and data are available at https://doi.org/10.1287/mnsc.2023.4845. [ABSTRACT FROM AUTHOR]

Because of a growing population and shrinking arable land, the world is facing a global food crisis. One important solution could be to subsidize farmers to sustain their production so that they can produce more food for consumers and earn more money for themselves. An efficient subsidy program should also aim to reduce income inequality among farmers, as measured by the Gini coefficient of farmers' income. In this paper, we examine and compare the effects of input and output farm subsidy programs. The input subsidy reduces the farmers' input purchasing costs, whereas the output subsidy reduces the farmers' output processing costs. By considering a continuum of infinitesimal price-taking farmers who are heterogeneous in their average yield rates, our equilibrium analysis of a game-theoretical model yields three results. First, both subsidy schemes reduce the aggregate income inequality measured by the Gini coefficient. However, they create the following "opposite" effects: the input subsidy decreases the income gap among farmers (under mild conditions), whereas the output subsidy increases it. Second, farmers with low yield rates prefer the input subsidy, whereas farmers with high yield rates prefer the output subsidy. Third, the output subsidy scheme is more effective in improving the total farmer income than the input subsidy scheme, whereas the input subsidy scheme is more effective in reducing income disparities and improving consumer surplus than the output subsidy scheme. Our results provide new insights for policymakers who are crafting subsidy schemes. This paper was accepted by Jayashankar Swaminathan, operations management. Funding: This work was supported by the National Natural Science Foundation of China [Grants 71971184, 71972025, and 72032001], the Departmental General Research Fund of the Hong Kong Polytechnic University [Grant P0008761], and the Research Grants Council of Hong Kong [Grants 15504615 and 15500820]. Supplemental Material: The online appendix and data are available at https://doi.org/10.1287/mnsc.2023.4850. [ABSTRACT FROM AUTHOR]

Disputes over transactions on two-sided platforms are common and usually arbitrated through platforms' customer service departments or third-party service providers. This paper studies crowd-judging, a novel crowdsourcing mechanism whereby users (buyers and sellers) volunteer as jurors to decide disputes arising from the platform. Using a rich data set from the dispute resolution center at Taobao, a leading Chinese e-commerce platform, we aim to understand this innovation and propose and analyze potential operational improvements with a focus on in-group bias (buyer jurors favor the buyer, likewise for sellers). Platform users, especially sellers, share the perception that in-group bias is prevalent and systematically sways case outcomes as the majority of users on such platforms are buyers, undermining the legitimacy of crowd-judging. Our empirical findings suggest that such concern is not completely unfounded: on average, a seller juror is approximately 10% likelier (than a buyer juror) to vote for a seller. Such bias is aggravated among cases that are decided by a thin margin and when jurors perceive that their in-group's interests are threatened. However, the bias diminishes as jurors gain experience: a user's bias reduces by nearly 95% as experience grows from zero to the sample median level. Incorporating these findings and juror participation dynamics in a simulation study, the paper delivers three managerial insights. First, under the existing voting policy, in-group bias influences the outcomes of no more than 2% of cases. Second, simply increasing crowd size through either a larger case panel or aggressively recruiting new jurors may not be efficient in reducing the adverse effect of in-group bias. Finally, policies that allocate cases dynamically could simultaneously mitigate the impact of in-group bias and nurture a more sustainable juror pool. This paper was accepted by Vishal Gaur, operations management. Funding: S. A. Yang and A. Zhang acknowledge the support of the Hong Kong General Research Fund [Grant "Decentralizing Platform Governance: Innovations from China; Project 17614921]. Supplemental Material: The online appendix and data are available at https://doi.org/10.1287/mnsc.2023.4818. [ABSTRACT FROM AUTHOR]

Hong Kong is a highly developed and incredibly dense territory with one of the world’s largest trade-to-GDP ratios in the world. The region has a long history of representation on major international markets and is located close to their largest trading partner, China. As such, Hong Kong is of inherent interest to the many theories of international trade. This paper observed that trade between Hong Kong and China satisfies many of the assumptions made by Heckscher-Ohlin Theory and therefore warrants validation. With data sourced from World Integrated Trade Solution (WITS) and the Observatory of Economic Complexity (OCE), the predicted outcomes of the Heckscher-Ohlin theorem were tested against real outcomes in Hong Kong. The test revealed that Hong Kong’s largest exports to both China and the United States were capital intensive. It is concluded that Hong Kong’s trade with China may be explained by relative factor abundance, while the that trade between Hong Kong and the US is likely to be explained by different determinants. [ABSTRACT FROM AUTHOR]

The inaugural conference on Advances in Microfluidics and Nanofluidics was held at the Hong Kong University of Science and Technology on 5–7 January 2009 and brought together leading researchers from across a wide variety of disciplines from North America, Europe, Asia, and Oceania. This Special Topic section forms the second of the two issues dedicated to original contributions covering both fundamental physicochemical aspects of microfluidics and nanofluidics as well as their applications to the miniaturization of chemical and biological systems that were presented at the conference. [ABSTRACT FROM AUTHOR]

Research involving international research communities has been advocated in the field of behavior analysis (Dymond et al., 2000; Martin et al., 2016). The purpose of the present study was to report the status of behavioral research in mainland China, Hong Kong, and Taiwan, in terms of number of publications, types of research, and frequency of collaboration with international researchers. Fifteen behavioral journals were selected from the list by Cooper et al. (2020). These were searched by hand to find publications conducted in or authored by researchers from mainland China, Hong Kong, and Taiwan dating from each journal's inception to December 2021. The earliest publication we found appeared in 1980 in The Psychological Record. Over the following four decades (1980–1989; 1990–1999; 2000–2009; 2010–2021), the number of publications per decade increased dramatically and continues in recent years to rise. Publications include research reports, review papers, and conceptual articles, with the majority being basic research reports published in Behavioral Processes. Approximately half the publications involve collaboration with international researchers, mostly in North America. Implications for behavioral research, practice, and policy in mainland China, Hong Kong, and Taiwan are discussed. [ABSTRACT FROM AUTHOR]

This paper aims to construct a scale for Jupsang leadership orientation (JSLO). We first provide a theoretical background for the concept of Jupsang, which originates from the ancient literature of Sun Tsu and Lao Tsu and the modern literature of Maoism and Deng Xiaoping in China. We used a grounded theory approach to obtain five dimensions of the Jupsang concept: agility orientation, innovation orientation, vigilant orientation, market awareness orientation, and visionary orientation. Items were generated through 12 in-depth interviews in Hong Kong, Taiwan, and mainland China and were included in a questionnaire, which we used to collect data from two large forums in Hong Kong, where 440 middle and senior executives from China attended. Using SPSS Version 25 and following the scale development procedures provided by Churchill and De Villis, we found the Jupsang scale reliable and valid. This paper contributes to providing a brand new scale for strategic leadership. Practically, it can enhance the relationship between a leader and his/her followers. Finally, we provided limitations and directions for future research. [ABSTRACT FROM AUTHOR]

Purpose – This paper aims to explain the importance of the international cooperation and coordination among supervisory authorities of different countries in event of banking crises. It also suggests that the harmonious relationship has to be attained in the adoption of ex ante financial regulatory measures and ex post compensation schemes. In other words, the paper highlights the linkage between ex ante preventive regulatory measures and ex post compensation schemes, on the one hand, and cooperation among national regulatory and supervisory authorities in globalized financial markets. Although the paper is relevant to most developed and emerging financial markets, it chooses Hong Kong as a context to examine this proposal. In the current literature, there are no similar approach linking these two paradigms and examining them in an integrated context. Design/methodology/approach – The paper adopts a conceptual framework after the 2008 global financial crisis and takes Hong Kong, an international financial centre in which numerous branches or subsidiaries of foreign financial institutions locate, as an example to examine how the coordination with foreign supervisory authorities are being conducted and to analyse whether the present regulatory framework in Hong Kong is effective and sufficient against banking crises. Through the review of the literature, the important link between ex ante regulatory measures and ex post compensation schemes is found to be significant in adopting proper solutions. Findings – Through analysing the Hong Kong financial regulators’ reports on the collapse of Lehman Brother, the paper finds out that even though there is some weakness in the cooperation and coordination between regulators after the 2008 financial crisis, Hong Kong is still in the progress of proposing bank special resolution regime. Although there has been some awareness on the issue of coordination between home and host states regulatory measures, there is still a lack of awareness of the connection between regulatory measures and compensation schemes. Research limitations/implications – Conflict of interests could hardly be prevented in the course of cooperation and coordination among home and host regulatory authorities, and the coordination of the important link between ex ante regulatory measures and ex post compensation scheme which involves legal and economic analyses is a challenging task. Practical implications – The paper’s findings show that there are practical implications for the recent rapid development of special resolution regime for global systematically important financial institutions against future banking crises and for managing the balance between the adoption of financial supervisory laws and special resolution measures. Originality/value – This paper suggests that the harmonious coordination between ex ante regulatory measures and ex post compensation schemes has to be achieved through international context to avoid the absurd situations. This conceptual integrated framework presented in the current paper is not touched upon by the existing literature. This important concept is valuable for future research, and it is significant to financial regulators, legislators and the government in adjusting policy against banking crises in both developed and developing countries. [ABSTRACT FROM AUTHOR]

This paper reports on the developmental strategies, challenges and directions of the institutional repositories of the higher educational institutions in Hong Kong. The study integrates the size, content, full text and public accessibility of these repositories. The paper also compares archived output with research output as registered by the Hong Kong University Grants Committee. Percentages of archived work are low for journal and conference papers, but moderate for graduate theses. These deposit rates reflect the differing institutional policies. In recognizing these challenges, the Hong Kong Open Access Committee has been formed to address regional issues in knowledge sharing. [ABSTRACT FROM AUTHOR]

Focuses on the proceedings of the 9th meeting of the International Clinical Phonetics and Linguistics Association held in Hong Kong, China in 2002. Topics; Participants; Publication of papers and articles.

The existing literature primarily examined the impact of unexpected events on the stock market at a single scale, posing the challenge of a lack of multiscale analysis. This paper investigates the impact of COVID-19 on stock markets (China, the U.S., and Hong Kong) from a multiscale perspective using an improved ensemble empirical mode decomposition (EEMD)-based event analysis method. First, the stock price series is decomposed into several independent intrinsic mode functions (IMFs) and a residue. Second, a novel composition method is proposed to reconstruct the IMFs into three components: high-frequency, low-frequency, and long-term trend. We find that the composition of low-frequency and long-term trend components is dominant, which is used to estimate the strength of COVID-19 impact on the stock markets. In addition, the outbreak of COVID-19 significantly increased the intensity of short-term fluctuations in stock prices. Finally, the high-frequency component is analyzed to capture the volatility spillover effects among the three stock markets by the BEKK(Baba-Engle-Kraft-Kroner)-GARCH model. The results show that before the outbreak, there are two-way volatility spillovers between any two of the three markets. After the outbreak, there is no spillover effect between China and Hong Kong, and Hong Kong has no spillover effect on the U.S. However, volatility in the U.S. market still has a significant spillover effect on the other two markets, implying that a mature market can absorb new information more quickly. [ABSTRACT FROM AUTHOR]

In the past three decades, fire engineering has experienced fast development worldwide. Fire regulations for building industry were moved from prescriptive description to performance-based specification. This trend started in the UK in the 1980s and spread to other western countries. Hong Kong closely followed the UK development and adopted the approach of performance-based design (PBD) for the Hong Kong International Airport and MTR stations in the early 1990s. The Government of Hong Kong SAR formally recognised the PBD approach in the prescriptive codes of practice in the mid-1990s and developed the performance-based code (PBC) in the 2000s. This PBC was promulgated in 2011. The evolution in fire engineering impacted the fire community in Mainland China. The State Key Laboratory of Fire Science (SKLFS) was established in University of Science and Technology of China (USTC) in 1991. Then fire science and fire engineering stepped into the fast development track. The building industry in Mainland China started to adopt the PBD approach in the early 2000s for the significant developments including large airport terminals, railway and metro stations, super high-rise buildings, and mega commercial centres. However, a structured PBC system is not available within the regulatory framework to date. Adoption of PBD approach is slowing down in recent years. This paper presents a review of fire engineering development in Hong Kong and Mainland China. The review focuses on the development of the PBC in Hong Kong, and the PBD approach and fire research in Mainland China in the past 30 years. [ABSTRACT FROM AUTHOR]

Stock market plays a leading and crucial role in the market mechanism, which connects the savers and investors. So far, there is no uniform regulation on the disclosure requirement of environmental protection information in China. But companies are increasingly concerned about environmental protection and are committed to disclosing more information about environmental protection. It is important to analyze the information on stock market opening and environmental protection by computing technology. For the stock market, as voluntary disclosure of non-financial information, environmental protection information is an important supplement to financial information and is essential for the investors to make decisions. And it is the important content of capital market information. This article through the capital market opening opportunity: Shanghai (Shenzhen) Hong Kong stock connect (the stock market opening mentioned later in this paper all refers to the Shanghai (Shenzhen) Hong Kong stock connect), empirically investigates the stock market opening that affects the environmental protection information disclosure of the company. Our conclusion supports the views that the stock market opening improved the environmental protection information disclosure of the company and promotes the environmental protection behavior of enterprises. Through further analysis, this paper finds that after the officially carried out the stock market opening policy, the attention of many analysts and the participation of foreign institutional investors urge the management to take the initiative to reduce agency costs, which is an important influence mechanism for the stock market opening to affect the disclosure of enterprises' environmental protection information. The evidence of this study indicates that the stock market opening has an important impact on enterprises in China from the following aspects: improving the information disclosure of environmental protection, thus enhancing the company's awareness of environment protecting, and improving the information quality of stock market in China. [ABSTRACT FROM AUTHOR]

Taking the Sino–US trade war as the background, we study the co-movement changes on horizontal return and volatility of the daily logarithmic return data of global stock indices from 2016 to January 23, 2020 from static and dynamic perspectives. Through static tools such as correlation coefficient matrices, complex networks, and Granger causality, it is found that the trade war has significantly strengthened the correlation between the Chinese stock market and the global stock market, and highlighted the position of the Hong Kong stock market. On dynamic analysis, the news impact surface shows the asymmetry of the co-movement for positive and negative news. The aDCC-EGARCH model is used to observe the dynamic co-movement changes between the Chinese stock market and the global stock market. It shows that trade conflicts have enhanced the co-movement between the Chinese stock market and the global stock market to varying degrees. At the same time, the Chinese stock market is strategically tilted towards the Asian market. Based on the research results in this paper, countries around the world need to pay more attention to the risk contagion between stock markets after the outbreak of the trade war. China's inland markets should be alert to risk contagion from the Hong Kong market. [ABSTRACT FROM AUTHOR]

This paper reassesses the nexus between bank-based financial development and economic growth in Hong Kong during the period 1990 - 2014. That is, it tests whether Hong Kong follows a supply-leading or a demand-following hypothesis. Empirically, economists have generally disagreed on the nexus between bank-based financial development and economic growth. Hong Kong is a typical economy which has experienced both bank-based financial expansion and economic expansion in the last three decades. It therefore serves as a quintessence for testing this overarching debate. Using the Toda-Yamamoto test for causality and two indicators of bank-based financial development - in order to report robust results - the paper finds Hong Kong to follow the supply-leading hypothesis. This implies that the banking sector is vital in driving economic growth in Hong Kong during the study period. Policymakers in this economy will only enhance economic growth further by targeting and ensuring efficient performance of bank-based financial institutions. [ABSTRACT FROM AUTHOR]

The objective of this paper is to test whether the complete pass-through of exchange rate exists when there are almost no transaction costs and in the environment of competitive market. In general, the literature claims that the pass-through of exchange rate is incomplete due to imperfect market, i.e. the presence of transaction costs and imperfect competition. The quasi-experimental case of the food import to Hong Kong from Mainland China is considered in the analysis. The results show that the pass-through of the exchange rate of Chinese RMB against to US dollar to Hong Kong's food import price is complete in long-run equilibrium. Besides, the short-run adjustment significantly contributes to correcting the deviation from the long-run pass-through effect. Moreover, the complete pass-through still exists after accounting for the effects of asymmetry and volatility. Therefore, this paper contributes to the literature by providing empirical evidence that the complete pass-through of exchange rate can exist in the real world. [ABSTRACT FROM AUTHOR]

Presents information on the interim report submitted by the Electoral Affairs Commission to address complaints expressed by the public with regard to the electoral arrangements on the polling day of the 2004 Legislative Council election in Hong Kong, China. Reasons for the insufficiency of ballot boxes; Cause of the crowdedness in polling stations; Basis of the compilation of the voter turnout rates.

As social media becomes a major channel of news access, emotions have emerged as a significant factor of news distribution. However, the influence of cultural differences on the relationship between emotions and news sharing remains understudied. This paper investigates the impact of cultural disparities on emotional responses to political news in Hong Kong. We introduce the notion of "emotional profile" to capture cultural differences in the level and structure of audiences' emotional responses to political topics on Facebook news pages. The study was conducted at a highly significant political moment in the former British colony when the National Security Law (NSL) was passed. The study found that readers of China-critical news pages on Facebook express the highest emotional intensity while readers of China's media in Hong Kong express the lowest emotional intensity, and readers of China-supporting media fall in between. Readers of China-critical Facebook news pages express the most anger, but their political news sharing is correlated the most with "wow" and "sad" reactions. In contrast, readers of Facebook pages of China's media in Hong Kong are more likely to react with "love", which is also the emotion most associated with their political news sharing. The notion of "emotional profile" helps discover similarities within and differences across political boundaries of the news ecosystem. We interpret the results with the help of recent scholarly understanding of emotional expression on social media within Hong Kong's political context. [ABSTRACT FROM AUTHOR]

This paper explores Hong Kong Court of Final Appeal's role in protecting fundamental rights under China's One Country Two Systems practice. It starts by giving an account of the constitutional and legal framework for Hong Kong's judicial protection of human rights. It examines the Court's efforts in obtaining constitutional jurisdiction, employing generous interpretation approach to rights guarantees, reforming standards such as proportionality and reasonableness for scrutinising rights restrictions, and broadening reference inputs by comparative approach and amicus curiae for interpretation of rights provisions. It indicates that through these ways the CFA has developed freedom-friendly common law constitutionalism and formed judicial preferences in favour of personal liberty. It advocates that the so-called conservative performance of the CFA on rights issues in national security cases may be its efforts to secure judicial independence and the common law system in a changing political climate. The article posits that due to the CFA's strong foundation in judicial protection of human rights, and its recent efforts to incorporate national security law into common law, it is well-positioned to play a crucial role in preserving the way of life for Hong Kong residents as China's Hong Kong policy enters a new era. [ABSTRACT FROM AUTHOR]

The article presents information on editorial board meeting of International Journal of Structural, Stability and Dynamics (IJSSD) in Majestic Harbor Plaza Hong Kong Hotel on 17 December 2009 in Hong Kong, China. Topics include the enhancement of impact factor and best paper award. The symposium featured several editorial board members of IJSSD including S. L. Chan, X. L. Zhao and D. A. Nethercot.

The article presents a study to measure the atmospheric nitrogen dioxide with the use of long path differential optical absorption spectroscopy (LP-DOAS) based on light emitting diode (LED) in Hong Kong, China. The instrument uses a high power blue LED coupled into a telescope using a Y-fibre bundle. It uses the long-term data set in validating the ozone monitoring instrument (OMI) data product. The study finds that LP-DOAS detects a weekly cycle that the OMI cannot observe.