About Hong Kong
Hong Kong, described as a "barren rock" over 150 years ago, has become a world-class financial, trading and business center and, indeed, a great world city.
Hong Kong has no natural resources, except one of the finest deep-water ports in the world. A hardworking, adaptable and well-educated workforce of about 3.5 million, coupled with entrepreneurial spirit, is the foundation of Hong Kong's productivity and creativity.
Hong Kong became a Special Administrative Region (SAR) of the People's Republic of China on July 1, 1997, after a century and a half of British administration. Under Hong Kong's constitutional document, the Basic Law, the existing economic, legal and social system will be maintained for 50 years. The SAR enjoys a high degree of autonomy except in defense and foreign affairs.
Situated at the southeastern tip of China, Hong Kong is ideally positioned at the center of rapidly developing East Asia. With a total area of 1,103 square kilometers, it covers Hong Kong Island, the Kowloon peninsula just opposite, and the New Territories the more rural section of Hong Kong. Hong Kong's population was about 6.8 million at the end of 2003. The population density is 6,300 people per square kilometer. Hong Kong has a large foreign population and the top three nationalities come from the Philippines, Indonesia and the USA.
Hong Kong is the world's famous trading economy, foreign exchange market and banking center, as well as Asia's 2nd biggest stock market. Hong Kong is one of the world's top exporters of garments, watches and clocks, toys, games, electronic products and certain light industrial products. Hong Kong was the world's 10th largest exporter of services in 2003. Civil aviation, shipping, travel and tourism, trade-related services, and various financial and banking services are the main components of trade in services. The prices of many services are among the lowest in the world.
Hong Kong is a major international and regional aviation center. Hong Kong International Airport, one of the busiest in the world, is served by major international airlines, which provide about 3,900 scheduled passenger services and 615 freight services weekly from Hong Kong to some 130 cities world-wide.