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Portal:Hong Kong

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The Hong Kong Portal

Hong Kong is a special administrative region of the People's Republic of China. With 7.4 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is the fourth most densely populated region in the world.

Originally a sparsely populated area of farming and fishing villages, the territory is now one of the world's most significant financial centres and commercial ports. Hong Kong is the world's third-ranked global financial centre (behind New York City and London), ninth-largest exporter, and eighth-largest importer. Its currency, the Hong Kong dollar, is the ninth most traded currency in the world. Home to the seventh-highest number of billionaires of any city in the world, Hong Kong has the largest number of ultra high-net-worth individuals. Although the city has one of the highest per capita incomes in the world, severe income inequality exists among the population. Despite being the city with the most skyscrapers in the world, housing in Hong Kong is consistently in high demand.

Hong Kong is a highly developed territory and has a Human Development Index (HDI) of 0.956, ranking fourth in the world and currently the only place in Asia to be in the top 5. The city has the highest life expectancy in the world, and a public transport usage exceeding 90 per cent. (Full article...)

The economy of Hong Kong is a highly developed free-market economy. It is characterised 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 that they are market driven. There is no officially recognised central banking system, although the Hong Kong Monetary Authority functions as a financial regulatory authority.

Its economy is governed under positive non-interventionism, and is highly dependent on international trade and finance. For this reason it is regarded as among the most favorable places to start a company. In fact, a recent study shows that Hong Kong has come from 998 registered start-ups in 2014 to over 2800 in 2018, with eCommerce (22%), Fintech (12%), Software (12%) and Advertising (11%) companies comprising the majority. The Economic Freedom of the World Index lists Hong Kong as the freest economy, with a score of 8.58 based on data from 2022. (Full article...)

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Anita Mui Yim-fong (Chinese: 梅艷芳; 10 October 1963 – 30 December 2003) was a Hong Kong singer who made major contributions to the Cantopop music scene and received numerous awards and honours. She remained an idol throughout her career, and is regarded as a Cantopop diva. She was dubbed as the "daughter of Hong Kong" and is considered one of the most iconic Cantopop singers.

Mui once held a sold-out concert in Hammersmith, London, England, where she was dubbed the "Madonna of the East" (東方麥當娜), which brought her to further international fame. That title stayed with her throughout her career, in both Eastern and Western media. (Full article...)

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Lee Gardens restaurant in Causeway Bay, Hong Kong
Photo credit: Kwanyatsw

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