Hong Kong Introduction

Hong Kong is known for its skyline and deep natural harbor. It shares its northern border with the Guangdong Province of the mainland. Its service sector-dominated economy is characterized by free trade and low taxation.

Release time : 2016-06-02 13:49:34

source : WTCF

City Introduction

Hong Kong (Chinese: 香港; literally: "Fragrant Harbor"), officially Hong Kong Special Administrative Region of the People's Republic of China, is an autonomous territory on the southern coast of China at the Pearl River Estuary of the South China Sea. Hong Kong is known for its skyline and deep natural harbor. It shares its northern border with the Guangdong Province of the Chinese mainland.

Hong Kong is among the world's most significant financial centers, and a world-known tourist destination city. Its service sector dominated economy is characterized by free trade and low taxation, and has been regarded as one of the world's most laissez-faire economic policies. In fact, the territory has consistently been listed as the freest market economy in the world. As the 44th-largest economy (in purchasing power parity terms) in the world, Hong Kong issues the world's 13th most traded currency, the Hong Kong dollar.

The Hong Kong Basic Law is its quasi-constitution which empowers the region to develop relations and make agreements directly with foreign states and regions, as well as international organizations, in a broad range of appropriate fields. It is an independent member of numerous international organizations, the IMF, WTO, APEC, FIFA and International Olympic Committee, to list a few.

Hong Kong is a center of modern architecture, and has the largest number of high-rises than any other urban agglomeration in the world. Hong Kong people enjoy the longest life expectancies and the highest national IQ estimate in the world.

(Image source: www.discoverhongkong.com)

History

Situated on the southeast coast of China, Hong Kong’s strategic location on the Pearl River Delta and South China Sea has made it one of the world’s most thriving and cosmopolitan cities.

Hong Kong as we know it today was born when China’s Qing dynasty government was defeated in the First Opium War in 1842, when it ceded Hong