About Hongkong

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(1) Location

   Hong Kong is located on China's South coast[1]. It is surrounded by the South China Sea on the east, south, and west, and borders the Guangdong city of Shenzhen to the north over the Sham Chun River.The territory's 2,755 km² (1,064 sq mi) area consists of Hong Kong Island, the Kowloon Peninsula, the New Territories, and over 200 offshore islands, of which the largest is Lantau Island.

 

(2) Economy

  As one of the world's leading international financial centres, Hong Kong has a major capitalist service economy characterised by low taxation and free trade. Hong Kong operated as a key command centre for the allocation of Asian capital in its broadest form. Hong Kong is the world's eleventh largest trading entity, with the total value of imports and exports exceeding its gross domestic product. It is the world's largest re-export centre.[170] Much of Hong Kong's exports consist of re-exports, which are products made outside of the territory, especially in mainland China, and distributed via Hong Kong.

 

(3) Tourism

  Hong Kong's transportation network is highly developed. Over 90% of daily travels (11 million) are on public transport, the highest such percentage in the world. Payment can be made using the Octopus card, a stored value system introduced by the MTR (Mass Transit Railway), which is widely accepted on railways, buses and ferries, and accepted like cash at other outlets. Hong Kong is ranked fourth in terms of the highest percentage of millionaire households. Hong Kong is also ranked second in the world by the most billionaires per capita. In 2011, Hong Kong was ranked second in the Ease of Doing Business Index. Hong Kong is also ranked No. 1 in the world in the Crony Capitalism Index by the Economist.

 

 

(4) Culture

   Hong Kong is frequently described as a place where "East meets West", reflecting the culture's mix of the territory's Chinese roots with influences from its time as a British colony. Hong Kong is a recognised global centre of trade and calls itself an "entertainment hub". Its martial arts film genre gained a high level of popularity in the late 1960s and 1970s. Hong Kong had two licensed terrestrial broadcasters – ATV and TVB, the former of which has now been defunct. There are three local and a number of foreign suppliers of cable and satellite services. The production of Hong Kong's soap dramas, comedy series, and variety shows reach audiences throughout the Chinese-speaking world.

[1]The introduction on Hong Kong emanates from WIKIPEDIA;