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5 Minute Hong Kong Primer

5 Minute Hong Kong Primer

Hong Kong at a Glance

Literally translated as Fragrant Harbor, Hong Kong—with its skyscraper dotted skyline and open economy—is as modern and fast-paced as New York City or San Francisco. A British colony for 156 years, Hong Kong’s sovereignty transferred to China in 1997 with a special provision granting a high degree of freedom. Officially known as the Hong Kong Special Administrative Region of the People’s Republic of China and coexisting under the ‘one country, two systems’ framework, Hong Kong maintains a free market characterized by low taxes and free trade in stark contrast to  mainland China’s state-controlled economy.

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