Hong Kong Economy

Hong Kong benefits from a high degree of autonomy as a special administrative region. Often referred to as the “one country, two systems” arrangement Hong Kong continues to maintain its own currency, legal and political system as well as other aspects that concern the way of life within its territory. The currency used is the Hong Kong dollar, which is pegged to the U.S. dollar since 1983.
Hong Kong is one of the world’s leading financial centres. The Index of Economic freedom has ranked Hong Kong as the freest and most developed capitalist economy in the world for fifteen consecutive years. The high concentration of corporate headquarters has contributed to make hong kong one of the most important centres for international finance and trade. Furthermore Hong Kong’s stock exchange is the 6th largest in the world.
Reffered to as « laissez-faire » capitalism the government of Hong Kong plays only a passive role in the financial industry. Market forces regulate and control the direction of the economy. As the territory has little arable land and very few natural resources food and raw materials must be imported. The total value of imports and exports exceeds Hong Kong’s gross domestic product making it the eleventh largest trading entity in the world.

Demography - Companies and financial structures - Industry