About Hong Kong
Hong Kong is located in southern China near the Pearl River Delta. And it has special status where it is a “special administrative region” enabling the one country two system principle of the People’s Republic of China (PRC). Chinese and English are the languages most widely spoken in Hong Kong. The Hong Kong Dollar is the official currency of the territory.
HK is one of the world’s most densely populated areas. Its large population of just over 7M is made up mostly of ethnic Chinese, interspersed with other ethnic minorities. Religious freedom in Hong Kong has led to an explosion of diverse religions including Buddhism, Taoism, Roman Catholicism, Baha’i, Judaism, Skih, Muslim and traditional rituals.
Before Hong Kong was redeveloped into a military base and now a major financial center, the coastal island served as a mainly as a transshipment and trading zone, and was a fishing community. Eventually, the importance of Hong Kong strategic location would be noted and the coastal island was then transformed into a military base.
Hong Kong was once a colony of Great Britain and was occupied by Japan for part of its history The. British handed control of Hong Kong over to China in 1997 ending 156 years of British colonial rule.
After being influences by the effects of years of colonization by the British, it was accepted that Hong Kong, would operate as an independent judiciary after the island was handed back to China. Adopting Deng Xiaoping’s principle of “One country, two systems” Hong Kong along with Macau and Taiwan would have economic and political systems that are different from China proper. As such the legal system is modeled on English Common Law and the political system is administered according to its own constitution as laid out in the Basic Law of Hong Kong.
Hong Kong is a where east meets west, a catch phrase signifying a melting pot society that reflects many years of British occupation and the authentic and traditional culture and practices of the Chinese. The fascinating island draws hundreds of thousands of visitors each year, who speak highly of the culinary experiences and the vibrant and thriving nightlife of Hong Kong. In fact, many top culinary writers call HK the culinary capital of Asia. That might be expected with an estimated 12,000 restaurants in Hong Kong only.
Hong Kong is also well known for its diverse array of accommodations, and more famous for its exclusive and luxury Hong Kong hotels. There are Hong Kong hotels to suit any and every budget in Hong Kong.
The chain of success began in the 1950’s, when foreign corporations chose to relocate to Hong Kong accessing cheap labor, and a workforce skilled in manufacturing and technical services. The textile market was especially successful driving the rapid industrialization process for Hong Kong. Foreign investment began to pour in and the development of special economic zone established Hong Kong as the main source of foreign investment to China. Hong Kong is the largest center for re exported goods.
Hong Kong is one of the world’s leading international financial centres. It is a major capitalist service oriented economy that features low taxation and free trade. The corporate ambiance of Hong Kong appeals to investors, international companies and international banks, and businesses that benefit from the vibrant and thriving , economy, a skilled and professional service oriented workforce and tax incentives.