July 3, 2020
Youth I.D.E.A.S. 51 Economic Development Facilitating Young People’s Access to Financial Services through Virtual Banking 3 July 2020 According to a Business Insider research service report, the total value of all the world’s virtual banks equalled USD 18.6 billion in 2018, with 26 million users and 50 million accounts. It is expected that the growth of virtual banks is rapid and the total value will increase to USD 63 billion in 2024, with 98 million users and 187 million accounts[1]. The Hong Kong Monetary Authority published a revised set of guidelines on the authorisation of virtual banks […]
October 31, 2019
Youth I.D.E.A.S. 47 Employment and Economics Development Enriching the Experiences of Working Youth through Overseas Exposures 31 September, 2019 Hong Kong is a cosmopolitan city that bridges east and west. It is also an international trade and financial centre. According to the Census and Statistics Department, 9,040 businesses with overseas parent companies are located here and employ 493,000 people. These businesses cover major industries such as trade, wholesale, retail, finance, and professional and business services.[1] Staff with overseas experience are needed for the daily operation of these businesses as well as for their future overseas expansion. […]
June 27, 2019
Youth I.D.E.A.S. 43 Employment and Economics Development Attracting Diverse Young Talents to Hong Kong 27 June, 2019 The Census and Statistics Department has estimated that the overall labour force participation rate in Hong Kong will decrease gradually from 59.2% in 2016 to 49.6% in 2066.[1] This figure reflects the fact that the labour force is gradually shrinking due to an aging population, a trend that may hinder Hong Kong’s overall economic development. Consequently, in its previous reports, the Employment and Economic Development Group of the Youth I.D.E.A.S. has discussed the issue of encouraging young-old people’s and women’s […]
February 26, 2019
Youth I.D.E.A.S. 39 Employment and Economic Development Overcoming Career Challenges of Hong Kong Young People in the Greater Bay Area 26 February, 2019 The Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area, GBA) comprises the nine municipalities of Guangzhou, Foshan, Zhaoqing, Shenzhen, Dongguan, Huizhou, Zhuhai, Zhongshan and Jiangmen in Guangdong Province and the two Special Administrative Regions of Hong Kong and Macao (known as 9+2). Its total area is 55,904 km2 and the total population was 69.58 million in 2017. Both figures exceed those of the three other main Bay Areas in the World (New York Metropolitan Area, […]
October 30, 2018
Youth I.D.E.A.S. 35 Employment and Economic Development Improving Incentives for Women’s Employment 30 October, 2018 According to the Census and Statistics Department,[1] the overall labour force participation rate in Hong Kong will decrease gradually from 59.2% in 2016 to 49.6% in 2066. The figure reflects the fact that the labour force is gradually shrinking due to an aging population, a trend that might hinder Hong Kong’s overall economic development. Consequently, in its latest report, the Employment and Economic Development Group of the Youth I.D.E.A.S. has discussed the issue of encouraging young-olds’ employment as a means of alleviating […]
