HUGE Financial Opportunity in Hong Kong, China and Far East
What's the difference between Hong Kong and mainland China?
People in Hong Kong step up to CNN's Open Mic and tell us the difference between Hong Kong and mainland China.
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Please Help Hong Kong
Dear friend,
This is a message from Hong Kong, a city probably far away from your home, a city probably you have never heard of, a city probably you don't know where it is.
Anyway, this city is dying. As a Hong Kongese, through this message, I beseech your help.
Hong Kong is the third largest financial centre in the world, located to the South East of China, next to Canton province. It was the oriental pearl. It was the place where the West meets the East. It was a city of freedom. There is separation of powers and independent jurisdiction. Most people speaks 弓 Cantonese, not Mandarin, as their mother tongue. It was the home of 7 million Hong Kongese, not Chinese.
Since 1949, refugees from China migrated to British Hong Kong so as to escape from communism. They settled down. They worked hard. They enjoyed freedom in Hong Kong. They contributed to the economic success of Hong Kong during 1970s to 1980s. They are Hong Kongese.
Having been British colony for 150 years, it was “handovered” to the Communist China since 1997 ––without any referendum. But the Chinese government had promised us a bright future: the “one country two systems”, self-determination and democratic reforms. That's why we are called as Hong Kong Special Administrative Region.
But, this is a lie.
17 years latter, half of the legislative council is still not elected directly by the citizens. They are “elected” from functional constituencies, which are some “special interest groups”, consisting of only 190 thousand voters. The chief executive, who is the head of Hong Kong government, is not elected by the citizen either. He is elected from an “election committee” formed by 1200 people from the groups of so-called “four sectors”, consisting of only 230 thousand voters. Through such Chinese style democracy, the communist party manipulates Hong Kong politics so as to ensure that Hong Kong government is controlled by pro-China politicians.
On 2014 the government proposes the political reform for the third time. On 2017 there will be no change in the election of the legislative council. However, there will be a Chinese style general election for chief executive: the “nomination committee”, with the same formation of the previous election committee, will nominate only 2 to 3 candidates for us to vote. A valid candidate must be nominated by over 50% of committee members––which means he must be pro-China, as 70% of the committee members are controlled by the Chinese Communist. There is no promise for further reform. There is no optional proposal approved by Peking. There is no future. There is no hope.
You may ask: why not you Hong Kongese just revolt? Why? Because, the Chinese “People's Liberation Army” presents in Hong Kong. According to the Article 18 of the Hong Kong Basic Law, if there is a “turmoil” in Hong Kong and the Chinese government decides that Hong Kong is “is in a state of emergency”, Chinese government “may issue an order applying the relevant national laws” in Hong Kong, which means the end of Hong Kong self-determination. Chinese soldiers and Chinese polices can enforce Chinese laws in Hong Kong. There will be no more separation of powers or independent jurisdiction.
The social movements in Hong Kong enters a dilemma. If we do nothing, we shall never have democracy. If we revolt, we may even lose our limited liberty. What shall we do?
As an international city, we need international support. Only the diplomatic pressure can protect the social activists from the prosecution of the Chinese government and the communist controlled so-called Hong Kong government.
British has betrayed us and Chinese now oppresses us. Chinese gives us hope and then takes it away. Mandarin speaking immigrants colonise our city. Pro-China businessmen torn down our houses to build mansions and shopping malls for Chinese tourists. Government colludes with the estate developers. Housing price in Hong Kong is the most unaffordable in the world. Press media, publishers, financial companies etc. are gradually controlled by pro-China or Chinese enterprises. But Hong Kong government won't help us, for Hong Kong government does not represent Hong Kongese.
This is the message from Hong Kong. This is a message beseeching your help. Let the world know that this city is dying. Let the world to tell our story. Let the world to give pressure to the Chinese government and support our social movements. Share this video to your friends, your families and your councillors or officials. We love our home, just as you love yours.
多謝。
ULTRA HD 4K HONG KONG WALKING TOUR - CENTRAL | 中環 | ADMIRALTY | 金鐘
#central #hongkong #centralhongkong #cbd #richcity
Welcome to our Hong Kong Walking Tour in Central and Admiralty. Our video is shot in Ultra Hd 4K, crystal clear quality, it’s as though you are actually here.
We begin the walk in Queens road central, and walk towards the direction of HSBC bank, Cheung Kong building, Citibank plaza, then onto Admiralty towards Pacific Place, Lippo Centre, Admiralty centre.
‘Central (also Central District; Chinese: 中環) is the central business district of Hong Kong. It is located in Central and Western District, on the north shore of Hong Kong Island, across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula. The area was the heart of Victoria City, although that name is rarely used today. As the central business district of Hong Kong, it is the area where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as is Government Hill, the site of the government headquarters. The area, with its proximity to Victoria Harbour, has served as the centre of trade and financial activities from the earliest days of the British colonial era in 1841, and continues to flourish and serve as the place of administration after the transfer of sovereignty to China in 1997.’
'Admiralty is the eastern extension of the central business district (adjacent to, but separate from, Central) on the Hong Kong Island of Hong Kong. It is located on the eastern end of the Central and Western District, bordered by Wan Chai to the east and Victoria Harbour to the north.
The name of Admiralty refers to the former Admiralty Dock in the area which housed a naval dockyard. The dock was later demolished when land was reclaimed and developed northward as the naval base HMS Tamar. The Chinese name, Kam Chung (金鐘), lit. Golden Bell, refers to a gold-coloured bell that was used for timekeeping at Wellington Barracks.[1]
uildings in Admiralty consist primarily of office buildings, government buildings, shopping malls and hotels. There are also several parks in the area: Hong Kong Park, Tamar Park and Harcourt Garden.
The main development of the area in recent years has been the development of the Tamar site into the Central Government Complex, which started operating in 2011. Facing Victoria Harbour, the complex houses the Office of the Chief Executive, the Legislative Council Complex and the Central Government Offices.
As one of the main financial areas in Hong Kong, there are plenty of Grade-A commercial buildings in Admiralty[3] including:
Admiralty Centre
Bank of America Tower
British Consulate General Hong Kong
Chinese People's Liberation Army Forces Hong Kong Building
CITIC Tower
Far East Financial Centre
High Court Building
Lippo Centre, which houses the Taipei Economic and Cultural Office
Pacific Place, a complex featuring a shopping mall, several hotels and office towers, that opened in Admiralty in phases between 1988 and 1991. The complex is connected to the MTR Admiralty Station via an underground walkway. A later phase, Three Pacific Place, is located in Wan Chai
Queensway Government Offices
Queensway Plaza, a shopping centre located above Admiralty Station
United Centre'
The above excerpt is from Wikipedia.
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Thumbnail by Simon Buckmaster
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Select footage courtesy the AP Archive
UNSW photo courtesy Sardaka, University of Sydney photo courtesy Jason Tong
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Far East Global Limited, registered in Seychelles, with global coverage. Far East Global is a diversified financial services organization that provides up-to-date investment channels and products for customers by means of combining the diversified global investment experience with the superior environment of Hong Kong international financial center and its parent company.
Cities - The Real Shanghai 1 of 2 - BBC Travel Documentary
Cities - The Real Shanghai 1 of 2 - BBC Travel Documentary, recorded 16.10.2010
There's no place in China quite like Shanghai.
There are no summer palaces, fog-enmeshed temples or cliff-side Buddhas here. Remnants of traditional culture remain, but to dwell there would be to miss the point entirely. Shanghai has never been about what has already happened - it is about what is going to happen.
For millions of Chinese, Shanghai is more than just a city. It is a symbol of change, opportunity and sophistication.
While Beijing may pull the country's strings, Shanghai is the pacesetter. It revels in its glamorous airs and entrepreneurial flair, in its global reach and ability to synthesise and adapt new ideas to home-grown tastes.
Haven
Tangled together with these positive associations are the memories of the foreign concessions.
Established after the First Opium War (1839-1842), they were loathed by many as centres of imperialism and exploitation, but simultaneously valued as havens of intellectual freedom and stimulation - a place to break with stifling Confucian mores and learn about the world outside.
Those looking to introduce change in imperial China - whether social, political or technological - flocked to them.
The Chinese government aims to make the city an international financial centre to rival Hong Kong by the year 2020.
Despite the positive changes that came out of the concessions, Shanghai was no paradise, with high levels of poverty and crime. The birth of the People's Republic of China in 1949 marked the end of both Shanghai's depravity and splendour.
Cleaned up and reined in, Shanghai fell into a deep sleep.
It wasn't until three decades later that Deng Xiaoping lit the spark for China's current economic explosion, casting aside ideology in favour of pragmatism - famously summed up in his earlier declaration, 'It doesn't matter if a cat is black or white, as long as it catches mice'.
Special economic zone
Although Shanghai was initially passed over in favour of special economic zones that were easier for Beijing to control, it eventually got the green light to accept foreign investment in the 1990s.
This is when the blueprint for the city's future was first laid out. Today's frenzied rate of change is all part of a plan by the Chinese government that aims to make the city into an international financial centre to rival Hong Kong by the year 2020.
What at first seemed like an errant fantasy no longer appears to be so far fetched. At a social level, Shanghai is hardly an international city that can compare with Hong Kong or Singapore - China has been insulated from the rest of the world for too long.
Built from scratch
Many more people in Shanghai embrace a Western lifestyle
But overall, anyone who has seen the transformations of the past fifteen years - both the efficient metro system and the entire financial district of Pudong were built from scratch - cannot help but tip their hat.
And while some bemoan the destruction of traditional residences and historic buildings, no-one is complaining that the overall living standards have risen dramatically. More than any other place in China, Shanghai is electrified with its youthful optimism and prospects.
The best way to get acquainted with Shanghai past and present is to take a walk down the Bund. Originally a towpath for dragging barges of rice, the Bund waterfront became the seat of colonial power in the early 20th century, when it was home to the city's landmark hotels, banks and financial houses.
Mothballed during the Communist years, it is only in the past decade that the strip has become re-enamoured with its stupendous real estate value. Today the old buildings house designer restaurants and the flagship stores of some of the world's most exclusive brands.
Facing the Bund is the stupendous skyline of Pudong, the 'dragon's head' or financial hub not only of the Yangtze Basin, but of all China. The Bund is at its best in the early morning, when the locals are out practicing tai chi, or in the early evening, when both sides of the river are spectacularly illuminated.
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Hong Kong in Crisis: The Protesters' Battle with Beijing & the Chinese Communist Party (香港vs北京)
This episode of The Big Story delves into the most crucial financial and geopolitical story in the world right now—Hong Kong. A series of pro-democracy protests over this past summer have rocked Asia’s preeminent global financial center. The movement, which eclipsed the 100-day mark, is a clash between democracy and authoritarianism - at a focal point where East meets West. Why do these protests matter for the international community? What would happen if the US fails to support Hong Kong? How will Beijing ultimately respond to the most severe defiance of their authority since Tiananmen Square in 1989? These are the pressing questions in this hard-hitting Real Vision mini-documentary. Filmed throughout September 2019.
(香港vs北京)
習近平
送中
Extradition Bill
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Hong Kong Protest Crisis: Hong Kong's Battle with Beijing & the Chinese Communist Party (香港vs北京)
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Disclaimer:
This is pretty obvious, but we should probably say it anyway so that there is absolutely no confusion…The material in REAL VISION GROUP video programs and publications {collectively referred to as “RV RELEASES”} is provided for informational purposes only and is NOT investment advice. The information in RV RELEASES has been obtained from sources believed to be reliable, but Real Vision and its contributors, distributors and/or publisher, licensors, and their respective employees, contractors , agents, suppliers and vendors { collectively, “Affiliated Parties”} make no representation or warranty as to the accuracy, timeliness or completeness of the content in RV RELEASES. Any data included in RV RELEASES are illustrative only and not for investment purposes. Any opinion or recommendation expressed in RV RELEASES is subject to change without notice. RV Releases do not recommend, explicitly nor implicitly, nor suggest or recommend any investment strategy. Real Vision Group and its Affiliated Parties disclaim all liability for any loss that may arise (whether direct indirect, consequential, incidental, punitive or otherwise) from any use of the information in RV RELEASES. Real Vision Group and its Affiliated Parties do not have regard to any individual’s, group of individuals’ or entity’s specific investment objectives, financial situation or circumstance. RV RELEASES do not express any opinion on the future value of any security, currency or other investment instrument. You should seek expert financial and other advice regarding the appropriateness of the material discussed or recommended in RV RELEASES and should note that investment values may fall, you may receive less back than originally invested and past performances is not necessarily reflective of future performances. Well that was pretty intense! We hope you got all of that – now stop reading the small print and go and enjoy Real Vision.
Hong kong part 1
Hong Kong is one of the two Special Administrative Regions (SAR) of China (the other being Macau). Before the transfer of sovereignty to China in 1997, Hong Kong had been a British colony for nearly 150 years. As a result, most infrastructure inherits the design and standards of Britain. During the 1950s to 1990s, the city-state developed rapidly, becoming the first of the Four Asian Tigers through the development of a strong manufacturing base and later a financial sector. Hong Kong is now famous for being a leading financial centre in East Asia, with the presence of local and some of the most recognized banks from around the world. Hong Kong is also famous for its transition port, transporting a significant volume of exports from China to the rest of the world. With its political and legal independence, Hong Kong is known as the Oriental Pearl with a twist of British influence in the culture.
Hong Kong is much more than a harbour city. The traveller weary of its crowded streets may be tempted to describe it as Hong Kongcrete. Yet, this territory with its cloudy mountains and rocky islands is mostly a rural landscape. Much of the countryside is classified as Country Park and, although 7 million people are never far away, it is possible to find pockets of wilderness that will reward the more intrepid tourist.
China on the Brink! US State Department Whipping Up Revolt in Islamic Uyghurstan As Well!
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Street protests have been held in Chinese Hong Kong for almost three months. Some even compare them with Moscow's, although the scale is still not comparable. But the Americans evidently interfere with the situation in Hong Kong in a recognizable manner. The Chinese authorities have repeatedly demanded that the U.S. doesn't interfere in the internal affairs of the country and whip up the crowd. It's clear that many-thousand protests don't pass without provocations by the protesters. The Chinese police detain especially active citizens, without hesitating to use force.
One Minute in Hong Kong - Admiralty / Central
A view of some of the buildlings in the Admiralty & Central areas of Hong Kong, including the Lippo Centre, the Bank of America, the Far East Financial Centre, the Hong Kong Stock Exchange, the IFC, the Peoples Liberation Army Barrack and the new Hong Kong Government complex.
Story of two cities - Hong Kong and Shanghai
17 April 2009 (SCTV) -- China aims to build Shanghai into an International Financial Centre by 2020, leaving many wondering where that leaves Hong Kong? View Nicholas Kwan, Regional Head of Research Asia, explaining why more competition will in fact facilitate Hong Kong.
Episodio 5 - Olderigo Fantacci (Deloitte): Hong Kong porta d'ingresso per la Cina e il Far East
Il 2016 sara' un anno molto importante per lo sviluppo delle relazioni commerciali e finanziarie tra l'Italia e la regione speciale di Hong Kong. L'entrata in vigore dell'Accordo contro le doppie imposizioni e la conseguente esclusione dall’elenco black list di Hong Kong, determineranno tutta una serie di di implicazioni che potranno favorire le imprese italiane impegnate nello sviluppo dei mercati asiatici.
Le aziende del nostro Paese che vogliono crescere nei mercati Asia-Pacific, infatti, al pari dei loro competitor internazionali, potranno d'ora in poi fare sempre piu' leva sul territorio di Hong Kong per l'effettuazione degli investimenti nel Far east, senza subire piu' gli onerosi aggravi amministrativi del passato.
L'esclusione dall'elenco consentirà infatti di consacrare il ruolo Hong Kong come porta di ingresso negli investimenti nella Repubblica Popolare Cinese, sfruttando il dinamismo e l'efficienza dell'economia cittadina sotto il profilo finanziario, dei trasporti, della logistica nonche' della certezza del diritto.
HSBC to offer rebates, cut fees to boost struggling small Hong Kong firms
HSBC has announced it will offer rebates and fee reductions for small- and medium-sized companies in Hong Kong. It is the only large lender there to come up with the measures as the city's economy struggles with the impact of the US-China trade war and anti-government protests. Francis Lun, CEO of GEO Securities, gave his views on how local businesses have been affected by the protests.
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???? Will The Hong Kong Protests Result In Civil War? (w/ TL Tsim) | Real Vision Classics
Will the social and economic turmoil in China lead to a civil war? Hong Kong-based political analyst TL Tsim has the inside perspective on China to understand the real relationship between the two countries and capital flows for the rest of the world. In this special Le Club B, TL looks ahead to the end of the Sino British Joint Declaration in 2047 and back to the history of Chinese dynasties for clues on the likely power struggles to come. Published on November 4th, 2016 on Real Vision.
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Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.
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China & The Possibility of Destructive Civil War (w/ TL Tsim) | Real Vision Classics
For the transcript visit:
Disclaimer:
This is pretty obvious, but we should probably say it anyway so that there is absolutely no confusion…The material in REAL VISION GROUP video programs and publications {collectively referred to as “RV RELEASES”} is provided for informational purposes only and is NOT investment advice. The information in RV RELEASES has been obtained from sources believed to be reliable, but Real Vision and its contributors, distributors and/or publisher, licensors, and their respective employees, contractors , agents, suppliers and vendors { collectively, “Affiliated Parties”} make no representation or warranty as to the accuracy, timeliness or completeness of the content in RV RELEASES. Any data included in RV RELEASES are illustrative only and not for investment purposes. Any opinion or recommendation expressed in RV RELEASES is subject to change without notice. RV Releases do not recommend, explicitly nor implicitly, nor suggest or recommend any investment strategy. Real Vision Group and its Affiliated Parties disclaim all liability for any loss that may arise (whether direct indirect, consequential, incidental, punitive or otherwise) from any use of the information in RV RELEASES. Real Vision Group and its Affiliated Parties do not have regard to any individual’s, group of individuals’ or entity’s specific investment objectives, financial situation or circumstance. RV RELEASES do not express any opinion on the future value of any security, currency or other investment instrument. You should seek expert financial and other advice regarding the appropriateness of the material discussed or recommended in RV RELEASES and should note that investment values may fall, you may receive less back than originally invested and past performances is not necessarily reflective of future performances. Well that was pretty intense! We hope you got all of that – now stop reading the small print and go and enjoy Real Vision.
CHINA: NEW FINANCIAL CITY TO BE BUILT WITHIN SHANGHAI: UPDATE
Mandarin/Eng/Nat
A new hi-tech financial centre is being built in Shanghai, in the hope that it will one day rival the business districts of Hong Kong, London or New York.
Once known as the Pearl of the Orient, Shanghai in the 1920s and 30s was vibrant and wealthy - until communist rule led to its decline.
But now, with massive Chinese and foreign investment, the city is booming again.
Shanghai's famous riverfront - the Bund.
The grand buildings along the Huangpo are testimony to Shanghai's grand colonial past.
Now 40 years after the stagnation that followed communist rule, a new city is rising on the opposite shores.
The glass and steel high rises will become a new financial district and free trade zone.
Once a vast farmland, Pudong, meaning East of the River, is the brainchild of the late leader Deng Xiao Ping whose economic reforms started the economic boom in the 80s.
Pudong's new area was among the first in China to be granted the status of Special Economic Zone, allowing foreign business to help China's development.
The government has ordered it should one day overshadow Hong Kong and other Asian capitals in a demonstration of China's power.
One man who is witnessing this transformation is 100-year-old Zhu Boquan.
He experienced China's last dynasty, Japanese occupation and the foundation of the People's Republic.
As a former banker, Zhu moved in Shanghai's financial circles for more than half of the century.
He doesn't believe Shanghai's rebirth is a product of the politics in command, as described by Mao Tse Tung.
SOUNDBITE: (Mandarin)
The Communist Party is more open today. It is more open to different kind of opinions. It is willing to hear really the voice of the people. It is no longer: `Ok, you agree, raise your hand...' Am I right or not ... ?
SUPER CAPTION: Zhu Boquan, Retired Banker
Dust fills the air from the five thousand construction sites, which employ more than a (m) million migrant workers.
Offices are going up at double the speed of London during its post World War II re-building.
An international airport and a deep water harbour together with extra subway lines will also be constructed.
More than one point seven (m) million square metres of office space has been created, double what is available in Hong Kong's central business district - and far more than demand in Shanghai can justify.
And rents will be twice the levels of Bangkok, Jakarta or Kuala Lumpur.
But to ensure investment, foreign banks were told they must have their headquarters in Pudong if they want to do local currency-business in the city.
It seems to have worked - Shanghai has pulled more foreign investment into China than any of its other cities in the last five years - a total last year of seven point four (b) billion U-S dollars.
Eight foreign banks, so far, have been licensed to carry out transactions on a trial basis after fulfilling the condition to move their headquarters to Pudong.
Among them, the Hong Kong Bank, the Citibank, Industrial bank of Japan, Standard Chartered Bank, International Bank of Paris and Shanghai.
To accommodate them, Shanghai is being equipped with a new telephone system.
The last bait was the move of the Shanghai Stock Exchange to Pudong, to be followed by the Commodity exchanges and key government departments handling foreign investment.
But there is concern about restrictions on trading - and that there is a lack of adequate regulation in some sectors.
SOUNDBITE: (English)
extend.
SUPER CAPTION: Peter Alexander, Financial analyst, BZW Securities Ltd
Pudong's five-year plan involves more than 10 (b) billion U-S dollars worth of investment in infrastructure by the Chinese
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Hong Kong protesters vent anger on streets of Mong Kok, set fire to bank
Angry protesters in Hong Kong built roadblocks, vandalized stores, and set fire to the Bank of China and Mong Kok MTR station on Monday as chaos once again descent in the city.
Hundreds of protesters gathered in central Hong Kong to voice their discontent against police violence after an officer fired live rounds at close range at protesters in Sai Wan Ho on the eastern side of Hong Kong island and one 21-year-old protester was wounded.
More than 60 people were wounded on Monday, Chief Executive Carrie Lam said in an address.
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Hong kong part 6
Hong Kong is one of the two Special Administrative Regions (SAR) of China (the other being Macau). Before the transfer of sovereignty to China in 1997, Hong Kong had been a British colony for nearly 150 years. As a result, most infrastructure inherits the design and standards of Britain. During the 1950s to 1990s, the city-state developed rapidly, becoming the first of the Four Asian Tigers through the development of a strong manufacturing base and later a financial sector. Hong Kong is now famous for being a leading financial centre in East Asia, with the presence of local and some of the most recognized banks from around the world. Hong Kong is also famous for its transition port, transporting a significant volume of exports from China to the rest of the world. With its political and legal independence, Hong Kong is known as the Oriental Pearl with a twist of British influence in the culture.
Hong Kong is much more than a harbour city. The traveller weary of its crowded streets may be tempted to describe it as Hong Kongcrete. Yet, this territory with its cloudy mountains and rocky islands is mostly a rural landscape. Much of the countryside is classified as Country Park and, although 7 million people are never far away, it is possible to find pockets of wilderness that will reward the more intrepid tourist.
Hong kong part 7
Hong Kong is one of the two Special Administrative Regions (SAR) of China (the other being Macau). Before the transfer of sovereignty to China in 1997, Hong Kong had been a British colony for nearly 150 years. As a result, most infrastructure inherits the design and standards of Britain. During the 1950s to 1990s, the city-state developed rapidly, becoming the first of the Four Asian Tigers through the development of a strong manufacturing base and later a financial sector. Hong Kong is now famous for being a leading financial centre in East Asia, with the presence of local and some of the most recognized banks from around the world. Hong Kong is also famous for its transition port, transporting a significant volume of exports from China to the rest of the world. With its political and legal independence, Hong Kong is known as the Oriental Pearl with a twist of British influence in the culture.
Hong Kong is much more than a harbour city. The traveller weary of its crowded streets may be tempted to describe it as Hong Kongcrete. Yet, this territory with its cloudy mountains and rocky islands is mostly a rural landscape. Much of the countryside is classified as Country Park and, although 7 million people are never far away, it is possible to find pockets of wilderness that will reward the more intrepid tourist.
Hong kong part 2
Hong Kong is one of the two Special Administrative Regions (SAR) of China (the other being Macau). Before the transfer of sovereignty to China in 1997, Hong Kong had been a British colony for nearly 150 years. As a result, most infrastructure inherits the design and standards of Britain. During the 1950s to 1990s, the city-state developed rapidly, becoming the first of the Four Asian Tigers through the development of a strong manufacturing base and later a financial sector. Hong Kong is now famous for being a leading financial centre in East Asia, with the presence of local and some of the most recognized banks from around the world. Hong Kong is also famous for its transition port, transporting a significant volume of exports from China to the rest of the world. With its political and legal independence, Hong Kong is known as the Oriental Pearl with a twist of British influence in the culture.
Hong Kong is much more than a harbour city. The traveller weary of its crowded streets may be tempted to describe it as Hong Kongcrete. Yet, this territory with its cloudy mountains and rocky islands is mostly a rural landscape. Much of the countryside is classified as Country Park and, although 7 million people are never far away, it is possible to find pockets of wilderness that will reward the more intrepid tourist.