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About Hong Kong
Hong Kong is a Special Administrative Region of the People's Republic of China. Its economy
is characterized by free trade, low taxation and minimum government intervention. Hong Kong
is one of the most open, externally-orientated economies in the world and has been rated "The
World's Freest Economy" for the 13th consecutive year. Hong Kong has a prime location at the
geographical and economic centre of Asia with over 4000 overseas companies that have regional
operations in Hong Kong. Hong Kong is also well known for its well-established logistics,
transportation and communications infrastructure. Business executives in Hong Kong have fast
and easy access to all the major markets in the Asia Pacific region. Taking a flight from Hong
Kong, one can reach most countries in Asia within five hours and the Hong Kong International
Airport is repeatedly voted as one of if not the best airport in the world.
Hong Kong offers a stimulating, dynamic and cosmopolitan lifestyle. It's a city that never sleeps.
But it also has its tranquil side with lush countryside and remote beaches accessible only from
the sea. It's a city of eastern and western culture with arts centres, museums and libraries.
The annual Arts Festival and cultural events all year round feature top performers from around
the world.
Hong Kong's dining, bar and clubbing scene offers the widest range of choice and variety in Asia,
catering to all tastes and desires. The city is well known for its wide variety of excellent
restaurants and bars. With over 9,000 restaurants, virtually every international cuisine can be
found in the city, whether it's haggis or sushi, French haute cuisine or burgers, falafel or pizza,
Hong Kong diners are spoilt for choice. It's the food capital of China and every Chinese regional
cuisine is celebrated in Hong Kong.
Hong Kong itself boasts a high competitive financial sector. The Global Financial Centres Index,
published by the City of London in 2007, placed Hong Kong third worldwide in terms of financial
centre competitiveness. Hong Kong's financial markets play an important role in helping companies
raise capital and in satisfying the Chinese mainland's need for international funds.
Fast Fact
- GDP: HK$1,472.3 billion
- GDP per capita: HK$214,710
- Real GDP growth: 6.8%
- The largest venture capital centre in Asia, managing 29% of the region's capital pool
- The second-largest loan syndication centre in Asia
- Hong Kong stock market is the sixth largest in the world and second largest in Asia in terms of market capitalisation
- The second-largest stock market in the world in terms of IPO funds raised in 2006 and 1st in Asia
- The second-largest source of outward foreign direct investment in Asia
- The third largest foreign exchange market in Asia and the sixth largest in the world
- Over 140 licensed banks in Hong Kong and over 300 other financial institutions have operation in Hong Kong
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