Key Facts

GDP (ppp) per CAPITA

$43,700 (2008 est.)

Inflation Rate

4.3% (2008 est.)

Population

7,055,071 (July 2009 est.)

Country Risk Ratings

A2

Ease of Doing Business

4/181

Global Competitiveness

5.33/134

Country Map

View Larger Map

gE Network

There are 69 members in the
gE Network for this country.

Hong Kong : Introduction

Occupied by the UK in 1841, Hong Kong was formally ceded by China the following year; various adjacent lands were added later in the 19th century. Pursuant to an agreement signed by China and the UK on 19 December 1984, Hong Kong became the Hong Kong Special Administrative Region (SAR) of China on 1 July 1997. In this agreement, China promised that, under its "one country, two systems" formula, China's socialist economic system would not be imposed on Hong Kong and that Hong Kong would enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years.

China & Hong Kong: Hong Kong Trade Development Council (HKTDC)

The Hong Kong Trade Development Council (HKTDC) provides many useful resources related to Hong Kong. Examples include an Economic and Trade Information report, a listing of trade shows/fairs in Hong Kong, and a listing of Hong Kong global contacts. The site also provides interactive trade, service and employment statistics for Hong Kong. Free membership is required to use this portion of the website.

Hong Kong: Hong Kong Monetary Authority

The Hong Kong Monetary Authority is the governmental authority in Hong Kong responsible for maintaining monetary and banking stability. Its main functions are to keep the Hong Kong dollar stable and to manage Hong Kong's official reserves in a sound and effective way. This site provides information about international organizations and committees the Hong Kong Monetary Authority participates in.

Hong Kong: Hong Kong Stock Exchange

Sources:
CIA World Factbook (September 2009)
U.S. Dept. of State Country Background Notes (March 2009)