Hong Kong, China

Hong Kong (/ˈhɒŋkɒŋ/; Chinese: 香港, Cantonese: [hœ́ːŋ.kɔ̌ːŋ] (audio speaker iconlisten)), formally the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR),[d] is a town and unique administrative area of China on the jap Pearl River Delta in South China. With over 7.5 million residents of a variety of nationalities[e] in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated locations in the world. Hong Kong is additionally one of the most developed cities in the world.

Hong Kong was once mounted as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the quit of the First Opium War in 1841 then once more in 1842. The colony elevated to the Kowloon Peninsula in 1860 after the Second Opium War and was once similarly prolonged when Britain acquired a 99-year hire of the New Territories in 1898. British Hong Kong was once occupied by means of Imperial Japan from 1941 to 1945 in the course of World War II; British administration resumed after the lay down of Japan. The total territory used to be transferred to China in 1997. As one of China's two one-of-a-kind administrative areas (the different being Macau), Hong Kong keeps separate governing and financial structures from that of mainland China below the precept of "one country, two systems".

Originally a moderately populated region of farming and fishing villages, the territory has grow to be one of the world's most tremendous economic facilities and business ports. It is the world's tenth-largest exporter and ninth-largest importer. Hong Kong has a essential capitalist carrier financial system characterized by way of low taxation and free trade, and its currency, the Hong Kong dollar, is the eighth most traded foreign money in the world. Hong Kong is domestic to the third-highest variety of billionaires of any town in the world, the second-highest variety of billionaires of any metropolis in Asia, and the greatest awareness of extremely high-net-worth persons of any metropolis in the world. Although the town has one of the perfect per capita incomes in the world, extreme profits inequality exists amongst the population.

Hong Kong is a extraordinarily developed territory and ranks fourth on the UN Human Development Index. The town has the biggest range of skyscrapers of any metropolis in the world, and its residents have some of the best lifestyles expectations in the world. The dense house has led to a rather developed transportation community with public transport charges exceeding 90%. Hong Kong is ranked 4th in the Global Financial Centres Index.

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