[216] The city has the next-highest number of company headquarters during the Asia-Pacific region.[217] Hong Kong can be a gateway for foreign immediate investment in China, supplying traders open up entry to mainland Chinese markets by means of immediate hyperlinks with the Shanghai and Shenzhen inventory exchanges. The territory was the main marketplace outside the house mainland China for renminbi-denominated bonds, and is amongst the premier hubs for offshore renminbi investing.[218]
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The federal government maintains a policy of "mother tongue instruction"; most schools use Cantonese given that the medium of instruction, with prepared training in the two Chinese and English.
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Even though the territory experienced among Asia's biggest manufacturing economies through the latter fifty percent from the colonial period, Hong Kong's economy is currently dominated through the support sector. The sector generates 92.seven per cent of economic output, with the public sector accounting for about 10 for each cent.
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The government has experienced a passive function during the economy. Colonial governments had minimal industrial plan, and executed Practically no trade controls. Under the doctrine of "optimistic non-interventionism", article-war administrations deliberately avoided the direct allocation of means; active intervention was regarded harmful to economic expansion.
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Hong Kong is often a hugely formulated territory and ranks fourth to the UN Human advancement Index.[29] the town also has the most important range of skyscrapers of any town in the world,[thirty] and its inhabitants have a few of the optimum everyday living expectancies on this planet.
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Hong Kong signifies itself individually from mainland China, with its possess sporting activities teams in Worldwide competitions.[282] The territory has participated in nearly every Summer Olympics considering that 1952, and has acquired three medals.