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Even though the territory experienced considered one of Asia's most significant manufacturing economies in the course of the latter 50 percent on the colonial period, Hong Kong's economic climate is now dominated with the assistance sector. The sector generates ninety two.7 for every cent of financial output, with the public sector accounting for about 10 for each cent.

These schools are matter to the curriculum recommendations as furnished by the training Bureau. Private faculties subsidised under the Direct Subsidy Scheme and Global universities fall outside of This method and will elect to make use of differing curricula and train working with other languages.[292]

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it's minimal arable land and several all-natural resources, importing the vast majority of its food and raw components. much more than ninety per cent of Hong Kong's foodstuff is imported, such as almost all its meat and rice.

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Hong Kong features a hugely developed, refined transport network. above 90 for each cent of daily excursions are created on general public transport, the highest share in the world.

Hong Kong is characterised as being a hybrid of East and West. classic Chinese values emphasising family and training blend with Western ideals, like financial liberty as well as rule of regulation.[257] Even though the vast majority of your inhabitants is ethnically Chinese, Hong Kong has created a definite identification. The territory diverged from your mainland as a result of its extensive duration of colonial administration and a distinct pace of financial, social, and cultural progress. Mainstream culture is derived from immigrants originating from numerous parts of China. This was motivated by British-model training, a different political program, as well as the territory's speedy improvement throughout the late 20th century.

Chinese countrywide regulation does not normally use within the area and Hong Kong is treated for a individual jurisdiction.[98] Its judicial program relies on widespread legislation, continuing the authorized tradition proven all through British rule.[109] area courts may perhaps check with precedents set in English law and overseas jurisprudence.[one hundred ten] on the other hand, interpretative and amending ability about the Basic Law and jurisdiction about functions of point out lie with the central authority, generating regional courts finally subordinate to your mainland's socialist civil legislation process.

The territory's jurisdictional independence is most apparent in its immigration and taxation procedures. The Immigration Department problems passports for everlasting citizens which vary from Individuals of your mainland or Macau,[114] as well as the location maintains a regulated border with the remainder of the region.

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The government has experienced a passive purpose inside the economic system. Colonial governments experienced very little industrial coverage, and applied Just about no trade controls. underneath the doctrine of "constructive non-interventionism", write-up-war administrations intentionally averted the immediate allocation of resources; Lively intervention was deemed detrimental to economic expansion.

The Hong Kong Jockey Club, the territory's major taxpayer,[288] contains a monopoly on gambling and supplies around 7 for every cent of government income.[289] 3 kinds of gambling are lawful in Hong Kong: lotteries and betting on horse racing and soccer.[288] education and learning

[216] the town has the 2nd-maximum quantity of company headquarters from the Asia-Pacific area.[217] Hong Kong is actually a gateway for international direct financial commitment in China, supplying investors open use of mainland Chinese markets via direct hyperlinks Together with the Shanghai and Shenzhen stock exchanges. The territory was the main marketplace outdoors mainland China for renminbi-denominated bonds, and is probably the greatest hubs for offshore renminbi trading.[218]

[33][34][37] "Fragrant" might check with the sweet style on the harbour's freshwater inflow in the Pearl River or towards the odour from incense factories lining the Coastline of northern Kowloon. The incense was stored near Aberdeen Harbour for export just before Victoria Harbour developed.[37] Sir John Davis (the 2nd colonial governor) provided an alternative origin; Davis said the title derived from "Hoong-keang" ("pink torrent"), reflecting the colour of soil around which a waterfall around the island flowed.[38]