Chinese nationwide law won't normally apply inside the location and Hong Kong is taken care of to be a independent jurisdiction.[ninety eight] A notable exception is the appliance of PRC legal technique regulation in scenarios managed through the Office environment for Safeguarding countrywide Security of the CPG during the HKSAR beneath the Hong Kong nationwide safety legislation.[109] Hong Kong's judicial procedure relies on prevalent regulation, continuing the authorized custom founded during British rule.[one hundred ten] community courts may well consult with precedents set in English law and overseas jurisprudence.
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Immediately following the transfer, Hong Kong was severely influenced by numerous crises. The federal government was compelled to utilize substantial international-exchange reserves to take care of the Hong Kong dollar's currency peg in the 1997 Asian monetary disaster,[69] and also the recovery from this was muted by an H5N1 avian-flu outbreak[seventy eight] in addition to a housing surplus.
at first a sparsely populated region of farming and fishing villages,[sixteen] the territory has become one of the environment's most vital monetary centres and industrial ports.[21] it's the earth's tenth-largest exporter and ninth-biggest importer.[22][23] Hong Kong has a major capitalist support economic system characterised by small taxation and absolutely free trade, and its currency, the Hong Kong dollar, would be the eighth most traded currency on the globe.
These faculties are issue towards the curriculum recommendations as furnished by the instruction Bureau. personal educational facilities subsidised underneath the Direct Subsidy Scheme and Intercontinental schools fall beyond This method and may elect to work with differing curricula and teach employing other languages.[292]
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The Hong Kong Jockey Club, the territory's biggest taxpayer,[288] has a monopoly on gambling and presents more than 7 for each cent of presidency revenue.[289] a few types of gambling are authorized in Hong Kong: lotteries and betting on horse racing and football.[288] education and learning
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Hong Kong has a highly designed, subtle transportation community. more than 90 for every cent of every day outings are created on general public transportation, the very best proportion on this planet.
Hong Kong is a extremely formulated territory and ranks fourth over the UN Human improvement Index.[29] town also has the most important variety of skyscrapers of any city on the planet,[thirty] and its inhabitants have a lot of the highest daily life expectancies on earth.
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The name of the territory, 1st romanised as "He-Ong-Kong" in 1780,[35] initially referred to a small inlet Situated in between Aberdeen Island as well as the southern coast of Hong Kong Island. Aberdeen was an initial issue of contact amongst British sailors and local fishermen.[36] Even though the source of the romanised name is unidentified, it is generally believed being an early phonetic rendering of the Cantonese pronunciation hēung góng. The name interprets as "fragrant harbour" or "incense harbour".