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The name of the territory, to start with romanised as "He-Ong-Kong" in 1780,[36] at first referred to a little inlet Found between Aberdeen Island as well as southern Coastline of Hong Kong Island. Aberdeen was an Original position of Get hold of concerning British sailors and local fishermen.[37] Although the source of the romanised identify is not known, it is normally believed being an early phonetic rendering on the Cantonese pronunciation hēung góng, or Tanka Cantonese. The name translates as "fragrant harbour" or "incense harbour".
Hong Kong can be a highly created territory and ranks fourth about the UN Human improvement Index.[thirty] the town has the biggest number of skyscrapers of any town on this planet,[31] and its residents have some of the best lifetime expectancies on earth.
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Hong Kong is characterised as a hybrid of East and West. regular Chinese values emphasising family members and instruction Mix with Western beliefs, including financial liberty along with the rule of law.[269] Although the overwhelming majority of your populace is ethnically Chinese, Hong Kong has formulated a distinct identity. The territory diverged through the mainland due to its lengthy period of colonial administration and a distinct tempo of financial, social, and cultural improvement. Mainstream society is derived from immigrants originating from a variety of parts of China. This was affected by British-style education and learning, a separate political system, and also the territory's speedy improvement throughout the late 20th century.
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Originally a sparsely populated place of farming and fishing villages,[sixteen] the territory has grown to be on the list of earth's most prediksi mahkota significant financial centres and industrial ports.[22] it is actually the earth's tenth-biggest exporter and ninth-premier importer.[23][24] Hong Kong has A serious capitalist support economic climate characterised by reduced taxation and free trade, and its forex, the Hong Kong dollar, may be the eighth most traded currency on the globe.
The Joint Declaration assures The fundamental regulation for fifty yrs once the transfer of sovereignty.[78] It does not specify how Hong Kong will probably be governed immediately after 2047, as well as central government's purpose in figuring out the territory's foreseeable future program of government is the subject of political discussion and speculation.
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All travellers amongst Hong Kong and China and Macau will have to go through border controls, despite nationality.[119] Mainland Chinese citizens do not have suitable of abode in Hong Kong and therefore are matter to immigration controls.[a hundred and twenty] Public finances are taken care of individually from the national federal government; taxes levied in Hong Kong usually do not fund the central authority.[121][122]
instantly after the transfer, Hong Kong was seriously impacted by many crises. The government was pressured to utilize sizeable overseas exchange reserves to keep up the Hong Kong dollar's forex peg through the 1997 Asian economical disaster,[72] and the Restoration from this was muted by an H5N1 avian-flu outbreak[eighty two] and also a housing surplus.
[114] Interpretative and amending electric power around the Basic regulation and jurisdiction above acts of state lie with the central authority, building regional courts finally subordinate to your mainland's socialist civil legislation method.[a hundred and fifteen] conclusions made by the Standing Committee with the nationwide men and women's Congress override any territorial judicial method.[116] Also, in situations wherever the Standing Committee declares a condition of crisis in Hong Kong, the State Council may perhaps enforce nationwide legislation within the location.[117]
Political debates after the transfer of sovereignty have centred within the location's democratic advancement and also the central authorities's adherence towards the "a single state, two units" theory. right after reversal of the last colonial era Legislative Council democratic reforms adhering to the handover,[eighty five] the regional government unsuccessfully attempted to enact national safety laws pursuant to report 23 of The fundamental legislation.[86] The central governing administration determination to implement nominee pre-screening before enabling Chief government elections induced a series of protests in 2014 which turned often called the Umbrella Revolution.