The economy of Hong Kong is a highly developedfree-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and is pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure that they are market driven. There is no officially recognised central banking system, although the Hong Kong Monetary Authority functions as a financial regulatory authority.
Its economy is governed under positive non-interventionism, and is highly dependent on international trade and finance. For this reason it is regarded as among the most favorable places to start a company. In fact, a recent study shows that Hong Kong has come from 998 registered start-ups in 2014 to over 2800 in 2018, with eCommerce (22%), Fintech (12%), Software (12%) and Advertising (11%) companies comprising the majority. The Economic Freedom of the World Index lists Hong Kong as the freest economy, with a score of 8.58 based on data from 2022. (Full article...)
Image 12Hong Kong international airport was moved from Kai Tak to Chep Lap Kok. Photograph of Kai Tak taken the day after it closed. (from History of Hong Kong)
Image 18Wing Lung Wai, a walled village in Kam Tin; Hong Kong indigenous people built walled villages to protect themselves from rampant privates between 15th to 19th century. (from Culture of Hong Kong)
Image 22Pang uk in Tai O; Pang uks were built by Tanka people, who had the traditions of living above water and regarding it as an honour. (from Culture of Hong Kong)
Image 25Lion Rock is also symbolic of Hong Kong. Hong Kongers has a term - "Beneath the Lion Rock" (獅子山下) - which refers to their collective memory of Hong Kong in the second half of the 20th century. (from Culture of Hong Kong)
Image 26Inclusion and togetherness. Words on the ground, Yuen Long, HK (from Culture of Hong Kong)
Image 29People honouring gods in a dajiao celebration, the Cheung Chau Bun Festival (from Culture of Hong Kong)
Image 30Main building of University of Hong Kong; Being a former British colony, Hong Kong naturally has a lot of British architecture, especially in government buildings. (from Culture of Hong Kong)
Image 37A Mazu temple in Shek Pai Wan; It clearly shows traits of classical Lingnan style - pale colour, rectangular structures, use of reliefs, among others. (from Culture of Hong Kong)
... that Hong Kong native Grace Ho gave birth to her fourth child, Bruce Lee, while on a one-year tour through the United States with the Mandarin Theatre?
... that the newly opened shopping mall The Wai has Hong Kong's largest indoor bicycle parking lot?
... that the French destroyer Fronde was wrecked during the 1906 Hong Kong typhoon, killing five of her crew members?
... that YouTube channel Trial & Error's manner of selling live-show tickets—HK$10,000 on day one, $5,000 on day two, all the way to $10 on day 24—appeared on a university entrance exam?
This list was generated from these rules. Questions and feedback are always welcome! The search is being run daily with the most recent ~14 days of results. Note: Some articles may not be relevant to this project.
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