Hong Kong
Hong Kong (About this soundlisten); Chinese: , Cantonese: (About this soundlisten)), officially the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR), is a city and special administrative region of China in the eastern Pearl River Delta by the South China Sea. With over 7.4 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.
Hong Kong became a colony of the British Empire after Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War, and was further extended when Britain obtained a 99-year lease of the New Territories in 1898.The territory was returned to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.
Good to Know
Read the basic info and also some fun facts about HongKong! Here you will find everything you should know about the ‘’Land of Plenty’’!
Municipalities
Originally a sparsely populated area of farming and fishing villages, the territory has become one of the world’s most significant financial centres and commercial ports. It is the world’s tenth-largest exporter and ninth-largest importer. Hong Kong has a major capitalist service economy characterised 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. Although the city has one of the highest per capita incomes in the world, there is severe income inequality among its residents.
