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Administrative infrastructure was promptly created by early 1842, but piracy, ailment, and hostile Qing policies originally prevented the government from attracting commerce. ailments over the island improved in the course of the Taiping Rebellion while in the 1850s, when quite a few Chinese refugees, together with wealthy retailers, fled mainland turbulence and settled during the colony.[sixteen] even more tensions amongst the British and Qing more than the opium trade escalated into the 2nd Opium War.
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at first a sparsely populated area of farming and fishing villages,[sixteen] the territory is becoming one of several earth's most vital economic centres and commercial ports.[21] It is the planet's tenth-most significant exporter and ninth-largest importer.[22][23] Hong Kong has A serious capitalist company overall economy characterised by small taxation and totally free trade, and its currency, the Hong Kong greenback, is the eighth most traded currency on the earth.
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Hong Kong is governed by a hybrid regime that's not fully consultant of your populace. Legislative Council users elected by practical constituencies composed of professional and Exclusive interest teams are accountable to People narrow company electorates and not the general public. This electoral arrangement has guaranteed a pro-establishment bulk inside the legislature For the reason that transfer of sovereignty. in the same way, the Chief government is selected by establishment politicians and company associates of your Election Committee as opposed to straight elected.
All travellers between Hong Kong and China and Macau have to go through border controls, no matter nationality.[116] Mainland Chinese citizens don't have right of abode in Hong Kong and therefore are subject to immigration controls.[117] general public finances are dealt with independently from your countrywide govt; taxes levied in Hong Kong usually do not fund the central authority.[118][119]
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The Hong Kong Jockey Club, the territory's most significant taxpayer,[288] contains a monopoly on gambling and gives more than seven per cent of government earnings.[289] a few kinds of gambling are legal in Hong Kong: lotteries and betting on horse racing and football.[288] schooling
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Hong Kong can be a highly created territory and ranks fourth about the UN Human advancement Index.[29] the town also has the biggest number of skyscrapers of any town on the globe,[30] and its inhabitants have some of the maximum lifetime expectancies on the planet.
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The identify on the territory, very first romanised as "He-Ong-Kong" in 1780,[35] originally referred to a small inlet Situated concerning Aberdeen Island and the southern Coastline of Hong Kong Island. Aberdeen was an Preliminary point of Get hold of between British sailors and native fishermen.[36] Even though the source of the romanised identify is not known, it is normally considered to become an early phonetic rendering in the Cantonese pronunciation hēung góng. The identify interprets as "fragrant harbour" or "incense harbour".