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Free-market economy
- Economy of Hong Kong From Wikipedia, the free encyclopedia 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.
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Hong Kong's economic strengths include a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves with assets of US$481.6 billion represent over six times the currency in circulation or about 46 per cent of Hong Kong dollar M3 as at the end of March 2022, rigorous anti-corruption measures and close ...
- Hong Kong
Although the territory had one of Asia's largest...
- Hong Kong Economic and Trade Office
The Hong Kong Economic and Trade Offices (HKETOs) are the...
- Hong Kong
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. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and is pegged to the US dollar.
The Chinese economic reform prompted manufacturers to relocate to China, leading Hong Kong to develop its commercial and financial industry. In 1984, the British Prime Minister Margaret Thatcher signed the Sino-British Joint Declaration, which incited a wave of emigration from Hong Kong. [8]
In brief. Hong Kong remains one of the world's most important international financial centres despite recent political turmoil; regional rivals such as Shanghai, Shenzhen and Singapore are unable to fulfil its role as a nexus for financial flows between China and the global economy.
The Hong Kong Economic and Trade Office Act 1996 confers a number of immunities and privileges on HKETO London either in line with or similar to provisions of the Vienna Convention on Consular Relations afforded or accorded to consulates-general and consulates of high commissions and embassies, consulates-general and consulates, codified in the ...
