As the mainland liberalised its financial system, Hong Kong's delivery industry faced extreme Levels of competition from other Chinese ports. Half of China's trade items were routed via Hong Kong in 1997, dropping to about thirteen% by 2015.[230] The territory's minimal taxation, common law program, and civil provider catch the attention of abroad organizations wishing to ascertain a existence in Asia.[230] town has the 2nd-best amount of company headquarters during the Asia-Pacific region.[231] Hong Kong can be a gateway for overseas direct expense in China, giving buyers open up use of mainland Chinese marketplaces by way of immediate back links with the Shanghai and Shenzhen stock exchanges.
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All travellers among Hong Kong and China and Macau should pass through border controls, in spite of nationality.[one hundred twenty] Mainland Chinese citizens don't have suitable of abode in Hong Kong and therefore are topic to immigration controls.[121] community finances are handled independently through the national govt; taxes levied in Hong Kong will not fund the central authority.[122][123]
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