Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of China in the eastern Pearl River Delta by the South China Sea. With over 7.5 million people of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Originally a sparsely populated area of farming and fishing villages, the territory has become one of the world’s most significant financial centers and commercial ports. It is the world’s tenth-largest exporter and ninth-largest importer. Hong Kong has a major capitalist service economy characterized by low taxation and free trade, and the currency, Hong Kong dollar, is the eighth most traded currency in the world. Hong Kong hosts the largest concentration of ultra-high-net-worth individuals of any city in the world.
Hong Kong is a highly developed territory and ranks fourth on the UN Human Development Index. The city also has the largest number of skyscrapers of any city in the worldand its residents have some of the highest life expectancies in the world.[ Hong Kong is ranked sixth in the Global Financial Centres Index.
Source: Wikipedia
Economy
The economy of Hong Kong is a highly developed free-market economy characterized by low taxation, almost free port trade, and a well-established international financial market. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks and is pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure they are market-driven.
Hong Kong’s economic strengths include a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves at around US$ 408 billion as of mid-2017, strict anti-corruption measures, and close ties with mainland China. The Hong Kong Stock Exchange is a favorable destination for international firms and firms from mainland China to be listed due to Hong Kong’s highly internationalized and modernized financial industry along with its capital market in Asia, its size, regulations and available financial tools, which are comparable to London and New York.
Hong Kong’s gross domestic product has grown 180 times between 1961 and 1997. Also, the GDP per capita rose by 87 times within the same time frame. Its economy is slightly larger than Ireland’s and its GDP per capita at purchasing power parity was the sixth highest globally in 2011, higher than the United States and the Netherlands and slightly lower than Brunei. In 2009, Hong Kong’s real economic growth fell by 2.8% as a result of the global financial crisis.
Agriculture products:fresh vegetables and fruit; poultry, pork; fish.
Industries:trading and logistics, financial services, professional services, tourism, cultural and creative, clothing and textiles, shipping, electronics, toys, clocks, and watches.
Source: Wikipedia
Tourism
Although technically a part of China, Hong Kong has always made its own way in the world. It was a British colony until 1997 and to this day remains a bridge city between East and West. It’s also noticeably diverse, especially when compared to mainland China. Although the majority of citizens are ethnic Chinese, you’ll find plenty of Asians, and European folks living and working within its borders. A huge benefit of this diversity is that most people speak English and the public transit is accommodating to tourists, making Hong Kong one of the easiest foreign cities to navigate.
Aside from the remarkable sights of skyscrapers and floating villages, Hong Kong is best known for its food and shopping. In fact, a visitor likely won’t find a better food city anywhere else in the world. Top attractive sights in Hong Kong are Victoria Peak, Hong Kong Disneyland, Victoria Harbor, and Ocean Theme Park.
Airport
Hong Kong International Airport VHHH//HKG is Hong Kong’s main airport, built on reclaimed land on the island of Chek Lap Kok. The airport is also referred to as Chek Lap Kok International Airport or Chek Lap Kok Airport, to distinguish it from its predecessor, the former Kai Tak Airport.
A tourist and business center such as Hong Kong needs one of the world’s best airports. It was named Best Airport of the Year in 2016 by Air Transport World, and it has been named first by them and other organizations in other years over the last 15 years. As one of the most important hubs for international passenger and cargo flow, Hong Kong International Airport VHHH/KHG is a great asset to Hong Kong. The success in keeping the flow fluent and reliable and in providing a high-quality service to airport customers has won the airport many prestigious awards.
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