The Hong Kong Jockey Club, the territory's premier taxpayer,[288] features a monopoly on gambling and supplies around 7 for each cent of presidency income.[289] Three types of gambling are lawful in Hong Kong: lotteries and betting on horse racing and soccer.[288] Education
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[216] The city has the next-optimum range of company headquarters during the Asia-Pacific region.[217] Hong Kong is usually a gateway for international direct investment decision in China, offering investors open up usage of mainland Chinese markets through immediate links Along with the Shanghai and Shenzhen stock exchanges. The territory was the 1st sector outdoors mainland China for renminbi-denominated bonds, and is among the largest hubs for offshore renminbi trading.[218]
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[33][34][37] "Fragrant" may perhaps consult with the sweet flavor on the harbour's freshwater influx through the Pearl River or into the odour from incense factories lining the coast of northern Kowloon. The incense was stored in close proximity to Aberdeen Harbour for export prior to Victoria Harbour formulated.[37] Sir John Davis (the 2nd colonial governor) offered an alternate origin; Davis reported which the title derived from "Hoong-keang" ("pink torrent"), reflecting the colour of soil about which a waterfall on the island flowed.[38]
The territory is split into eighteen districts, each represented by a district council. These recommend The federal government on regional difficulties for instance community facility provisioning, Local community programme servicing, cultural promotion, and environmental plan.
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The federal government maintains a policy of "mom tongue instruction"; most schools use Cantonese because the medium of instruction, with published education and learning in both equally Chinese and English.
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Hong Kong is characterised as a hybrid of East and West. conventional Chinese values emphasising relatives and instruction Mix with Western ideals, like financial liberty as well as rule of regulation.[257] Even though the overwhelming majority with the inhabitants is ethnically Chinese, Hong Kong has developed a definite identity. The territory diverged with the mainland due to its very long period of colonial administration and another rate of financial, social, and cultural growth. Mainstream tradition is derived from immigrants originating from a variety of areas of China. This was motivated by British-type training, a separate political method, and the territory's quick advancement in the course of the late twentieth century.
To reduce the trade imbalance, the British sold big quantities of Indian opium to China. Faced with a drug crisis, prediksi munchen vs liverpool Qing officials pursued ever additional intense steps to halt the opium trade.[fifty seven]