In economics, a Taylor rule is a monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response to changes in inflation, output,
or other economic conditions. In particular, the rule stipulates that
for each one-percent increase in inflation, the central bank should
raise the nominal interest rate by more than one percentage point. This
aspect of the rule is often called the Taylor principle.
Housing prices are rising rapidly in Australia, Canada, China, Hong Kong, Israel, Singapore, South Africa and Sweden.
Housing prices are flat─or falling─in Britain, France, Germany, Ireland, Italy and the U.S.
Welcome to the two-speed global economy. (閱讀全文)
Housing prices are flat─or falling─in Britain, France, Germany, Ireland, Italy and the U.S.
Welcome to the two-speed global economy. (閱讀全文)
The Basic Law is the constitutional document for the HKSAR. It enshrines within a legal document the important concepts of "One Country, Two Systems", "a high degree of autonomy" and "Hong Kong People ruling Hong Kong". It also prescribes the various systems to be practised in the HKSAR.
The Basic Law consists of the following sections -
| a. | The full text of the Basic Law which comprises a total of nine chapters with 160 articles; |
| b. | Annex I, which sets out the method for the selection of the Chief Executive of the HKSAR; |
| c. | Annex II, which sets out the method for the formation of the Legislative Council of the HKSAR and its voting procedures; and |
| d. | Annex III, which sets out the national laws to be applied in the HKSAR. |
《基本法》為香港特別行政區勾劃了發展藍圖。下文載述中華人民共和國對香港特別行政區的基本方針政策的主要條文。
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香港特別行政區實行高度自治，享有行政管理權、立法權、獨立的司法權和終審權。（參考《基本法》第2 條） |
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香港特別行政區的行政機關和立法機關由香港永久性居民組成。（參考《基本法》第3 條） |
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香港特別行政區不實行社會主義制度和政策，保持原有的資本主義制度和生活方式，五十年不變。（參考《基本法》第5 條） |
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香港原有法律，即普通法、衡平法、條例、附屬立法和習慣法，除同《基本法》相抵觸或經香港特別行政區的立法機關作出修改者外，予以保留。（參考《基本法》第8 條） |
