Chinese national regulation does not usually apply while in the region and Hong Kong is dealt with as a independent jurisdiction.[ninety eight] A notable exception is the appliance of PRC prison method regulation in instances taken care of by the Place of work for Safeguarding countrywide stability from the CPG inside the HKSAR beneath the Hong Kong national safety law.[109] Hong Kong's judicial method is based on frequent regulation, continuing the legal custom founded all through British rule.[110] nearby courts may well confer with precedents set in English legislation and abroad jurisprudence.
Administrative infrastructure was swiftly developed by early 1842, but piracy, condition, and hostile Qing policies initially prevented the government from attracting commerce. ailments within the island improved during the Taiping Rebellion while in the 1850s, when quite a few Chinese refugees, including wealthy merchants, fled mainland turbulence and settled during the colony.[16] further more tensions concerning the British and Qing over the opium trade escalated into the next Opium War.
straight away following the transfer, Hong Kong was severely afflicted by various crises. The government was pressured to make use of significant foreign-exchange reserves to keep up the Hong Kong greenback's currency peg over the 1997 Asian economical disaster,[69] and also the Restoration from this was muted by an H5N1 avian-flu outbreak[seventy eight] along with a housing surplus.
Originally a sparsely populated place of farming and fishing villages,[16] the territory happens to be one of many earth's most important money centres and industrial ports.[21] It is the planet's tenth-biggest exporter and ninth-major importer.[22][23] Hong Kong has A serious capitalist support economic climate characterised by small taxation and cost-free trade, and its currency, the Hong Kong greenback, could be the eighth most traded currency on the planet.
These faculties are issue towards the curriculum rules as provided by the Education Bureau. personal schools subsidised beneath the immediate Subsidy plan and international educational facilities tumble beyond this system and will elect to make use of differing curricula and educate making use of other languages.[292]
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Even though the territory had amongst Asia's biggest producing economies in the latter 50 % of your colonial period, Hong Kong's economic system is currently dominated via the support sector. The sector generates 92.seven per cent of financial output, with the general public sector accounting for about ten for every cent.
Economic and infrastructure integration with China has increased significantly Considering that the 1978 commence of sector liberalisation about the mainland. Since resumption of cross-boundary prepare provider in 1979, lots of rail and street backlinks are already improved and produced (facilitating trade between regions).[210][211] The Closer Partnership Economic Arrangement formalised a policy of no cost trade among The 2 locations, with Each and every jurisdiction pledging to get rid of remaining obstacles to trade and cross-boundary investment.
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Hong Kong is actually a extremely made territory and ranks fourth within the UN Human enhancement Index.[29] The city also has the biggest number of skyscrapers of any metropolis on earth,[30] and its people have some of the optimum life expectancies on the globe.
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The name with the territory, initial romanised as "He-Ong-Kong" in 1780,[35] originally referred to a small inlet Situated between Aberdeen Island as well as southern coast of Hong Kong Island. Aberdeen was an First point of Make contact with amongst British sailors and native fishermen.[36] Even though the source of the romanised identify is not known, it is mostly believed being an early phonetic rendering of your Cantonese pronunciation hēung góng. The identify translates as "fragrant harbour" or "incense harbour".