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The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [15][16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [17] and is pegged to the US dollar. [18][19 ...
Hong Kong[ e ] is a special administrative region of the People's Republic of China. With 7.4 million residents of various nationalities [ f ] in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is the fourth most densely populated region in the world. Hong Kong was established as a colony of the British Empire after the Qing dynasty ...
The Hong Kong economy was the first out of the four to undergo industrialization with the development of a textile industry in the 1950s. By the 1960s, manufacturing in the British colony had expanded and diversified to include clothing, electronics, and plastics for export orientation. [10]
Hong Kong’s economy has struggled to regain momentum since it reopened after more than two years of self-imposed Covid isolation. In 2023, its GDP grew 3.2%, thanks to a low base in 2022, but it ...
Cathay Pacific will begin direct flights from DFW to Hong Kong on April 25. The long-haul flight will run on Mondays, Tuesdays, Thursdays and Saturdays, and is scheduled to leave DFW at 11:55 p.m ...
The GFCI is a ranking of the competitiveness of financial centres based on a number of existing indices in combination with a regular survey of senior industry figures from around the world. Hong Kong ranked third behind New York and London. Index measures a supply of skills, an innovation-friendly culture, world-class technology infrastructure ...
The Hong Kong Economic Times (abbreviated as the HKET) is a financial daily newspaper in Hong Kong. It was founded by Lawrence S P Fung (Chinese: 馮紹波; Chairman), Perry Mak (Managing Director), Arthur Shek Kang-chuen (Chinese: 石鏡泉; Executive Director) and others. It started with a HK$ 20 million investment in 1988.
The Hang Seng Index (HSI) is a market- capitalization-weighted stock market index in Hong Kong, adjusted for free float. It tracks and records daily changes in the largest companies listed on the Hong Kong Stock Exchange and serves as the primary indicator of overall market performance in Hong Kong. These 82 constituent companies represent ...