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PostSubject: About Hong Kong   Sat Mar 01, 2008 6:36 pm

About Hong Kong



Introduction

Hong Kong (Chinese: 香港), officially the Hong Kong Special Administrative Region, is one of the two special administrative regions of the People's Republic of China (PRC), the other being Macau. The territory lies on the eastern side of the Pearl River Delta, bordering Guangdong province in the north and facing the South China Sea in the east, west and south. Beginning as a trading port in the 19th century, Hong Kong has developed into a leading financial centre. Hong Kong has been classified as an alpha world city for its worldwide economic influence.

Hong Kong was a dependent territory of the United Kingdom from 1842 until the transfer of its sovereignty to the People's Republic of China in 1997. The Sino-British Joint Declaration and the Basic Law of Hong Kong stipulate that Hong Kong operate with a high degree of autonomy until at least 2047, fifty years after the transfer. Under the policy of "one country, two systems", the Central People's Government is responsible for the territory's defence and foreign affairs, while the Government of Hong Kong is responsible for its own legal system, police force, monetary system, customs policy, immigration policy, and delegates to international organisations and events.

History

The history of Hong Kong began as a coastal island geographically located in southern China. While pockets of settlements had taken place in the region with archaeological findings dating back thousands of years, regularly written records were not made until the engagement of Imperial China and the British Colony in the territory. Starting out as a fishing village, salt production site and trading ground, it would evolve into a military port of strategic importance and eventually an international financial centre that enjoys the world's 14th highest GDP (PPP) per capita, supporting 33% of the foreign capital flows into China.
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