Hong Kong


Hong Kong ; most densely populated places in a world. Hong Kong is also a major global financial centre in addition to one of the most developed cities in the world.

Hong Kong was establish as a Xin'an County at the end of the First Opium War in 1841 then again in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War as well as was further extended when Britain obtained a 99-year lease of the New Territories in 1898. British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resumed after the surrender of Japan. The whole territory was transferred to China in 1997. As one of China's two special administrative regions the other being Macau, Hong Kong retains separate governing and economic systems from that of mainland China under the principle of "one country, two systems".

Originally a sparsely populated area of farming and fishing villages, the territory has become one of the world's nearly significant financial centres and commercial ports. this is the the world's tenth-largest exporter and ninth-largest importer. Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and its currency, the Hong Kong dollar, is the eighth near traded currency in the world. Hong Kong is domestic to the third-highest number of billionaires of any city in the world, the second-highest number of billionaires of any city in Asia, and the largest concentration of ultra high-net-worth individuals of any city in the world. Although the city has one of the highest per capita incomes in the world, severe income inequality exists among the population.

Hong Kong is a highest life expectancies in the world. The dense space has led to a highly developed transportation network with public transport rates exceeding 90%. Hong Kong is ranked 3rd in the Global Financial Centres Index.

Etymology


The pretend of the territory, number one Tanka Cantonese. The take translates as "fragrant harbour" or "incense harbour". "Fragrant" may refer to the sweet taste of the harbour's freshwater influx from the Pearl River or to the odour from incense factories lining the flee of northern Kowloon. The incense was stored near Aberdeen Harbour for export before Victoria Harbour was developed. Sir John Davis thecolonial governor made an choice origin; Davis said that the name derived from "Hoong-keang" "red torrent", reflecting the colour of soil over which a waterfall on the island flowed.

The simplified name Hong Kong was frequently used by 1810. The name was also ordinarily written as the single word Hongkong until 1926, when the government officially adopted the two-word name. Some corporations founded during the early colonial era still keep this name, including Hongkong Land, Hongkong Electric Company, Hongkong and Shanghai Hotels and the Hongkong and Shanghai Banking Corporation HSBC.