given that the mainland liberalised its economic system, Hong Kong's shipping industry faced rigorous competition from other Chinese ports. Fifty for each cent of China's trade goods had been routed by way of Hong Kong in 1997, dropping to about thirteen for every cent by 2015.[226] The territory's nominal taxation, typical law procedure, and civil service catch the attention of overseas companies wishing to establish a existence in Asia.[226] The city has the 2nd-best variety of corporate headquarters in the Asia-Pacific location.[227] Hong Kong is really a gateway for foreign direct financial investment in China, supplying investors open up access to mainland Chinese markets by immediate one-way links While using the Shanghai and Shenzhen inventory exchanges.
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Hong Kong signifies by itself independently from mainland China, with its individual sports activities teams in Intercontinental competitions.[293] The territory has participated in virtually every Summer Olympics since 1952, and it has acquired 3 medals.
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Hong Kong is actually a highly designed territory and ranks fourth to the UN Human growth Index.[thirty] The city has the most important quantity of skyscrapers of any metropolis in the world,[31] and its inhabitants have a few of the best everyday living expectancies on the planet.
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