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Although the territory experienced considered one of Asia's major producing economies in the course of the latter half of the colonial period, Hong Kong's overall economy has become dominated from the support sector. The sector generates ninety two.seven for every cent of financial output, with the general public sector accounting for around 10 for each cent.

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Political debates following the transfer of sovereignty have centred throughout the region's democratic enhancement and also the central authorities's adherence to your "one region, two techniques" theory. soon after reversal of the final colonial era Legislative Council democratic reforms next the handover,[81] the regional governing administration unsuccessfully attempted to enact nationwide security legislation pursuant to posting 23 of The fundamental Law.[82] The central authorities choice to carry out nominee pre-screening right before enabling Chief government elections brought on a series of protests in 2014 which turned often called the Umbrella Revolution.

It has minimal arable land and few organic methods, importing the vast majority of its meals and Uncooked products. over 90 for every cent of Hong Kong's meals is imported, such as nearly all its meat and rice.

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Administrative infrastructure was promptly designed by early 1842, but piracy, illness, and hostile Qing procedures initially prevented the government from attracting commerce. Conditions within the island improved during the Taiping Rebellion from the 1850s, when numerous Chinese refugees, together with rich merchants, fled mainland turbulence and settled from the colony.[sixteen] more tensions between the British and Qing over the opium trade escalated into the Second Opium War.

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Hong Kong is characterised as a hybrid of East and West. regular Chinese values emphasising relatives and education and learning Mix with Western beliefs, together with economic liberty as well as the rule of regulation.[257] Although the overwhelming majority of the populace is ethnically Chinese, Hong Kong has formulated a definite identity. The territory diverged from your mainland as a consequence of its extended duration of colonial administration and a unique pace of economic, social, and cultural enhancement. Mainstream society is derived from immigrants originating from various elements of China. This was influenced by British-fashion schooling, a independent political system, and the territory's fast development in the late twentieth century.

Chinese countrywide legislation isn't going to frequently apply within the region and Hong Kong is taken care of as a separate jurisdiction.[98] Its judicial procedure is based on frequent regulation, continuing the legal custom founded throughout British rule.[109] Local courts might consult with precedents set in English regulation and abroad jurisprudence.[a hundred and ten] nonetheless, interpretative and amending electric power above the Basic legislation and jurisdiction more than acts of condition lie Together with the central authority, generating regional courts ultimately subordinate for the mainland's socialist civil regulation system.

The territory's jurisdictional independence is most obvious in its immigration and taxation guidelines. The Immigration Division troubles passports for permanent residents which differ from All those with the mainland or Macau,[114] plus the region maintains a controlled border with the remainder of the country.

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The federal government has experienced a passive purpose during the economic system. Colonial governments experienced little industrial policy, and carried out Practically no trade controls. Under the doctrine of "positive non-interventionism", post-war administrations intentionally avoided the immediate allocation of methods; active intervention was regarded detrimental to economic advancement.

The Hong Kong Jockey Club, the territory's largest taxpayer,[288] features a monopoly on gambling and presents above seven for every cent of presidency earnings.[289] a few types of gambling are authorized in Hong Kong: lotteries and betting on horse racing and soccer.[288] schooling

[216] town has the second-highest amount of corporate headquarters in the Asia-Pacific location.[217] Hong Kong is really a gateway for foreign direct financial investment in China, offering investors open usage of mainland Chinese markets by way of direct links Along with the Shanghai and Shenzhen stock exchanges. The territory was the main market outdoors mainland China for renminbi-denominated bonds, and is amongst the premier hubs for offshore renminbi buying and selling.[218]

To reduce the trade imbalance, the British offered big amounts of Indian opium to China. Faced with a drug disaster, Qing officers pursued at any time a lot more intense steps to halt the opium trade.[fifty seven]