Hong Kong City, One Of The Most Expensive And Busiest City in The World.

Hong Kong (Chinese: ??) is a special administrative region (SAR) of the People’s Republic of China (PRC). It is situated on China’s south coast and, enclosed by the Pearl River Delta and South China Sea,it is known for its expansive skyline and deep natural harbor. With a land mass of 1,104 km2 (426 sq mi) and a population of seven million people, Hong Kong is one of the most densely populated areas in the world. Hong Kong’s population is 95 percent ethnic Chinese and 5 percent from other groups. Hong Kong’s Han Chinese majority originate mainly from the cities of Guangzhou and Taishan in the neighboring Guangdong province.

Under the principle of “one country, two systems”, Hong Kong has a different political system from mainland China.Hong Kong’s independent judiciary functions under the common law framework. Hong Kong Basic Law, its constitutional document, which stipulates that Hong Kong shall have a “high degree of autonomy” in all matters except foreign relations and military defense, governs its political system. Although it has a burgeoning multi-party system, a small-circle electorate controls half of its legislature. That is, the Chief Executive of Hong Kong, the head of government, is chosen by an Election Committee of 400 to 1,200 members, a situation that will be in effect during the first 20 years of Chinese rule.
As one of the world’s leading international financial centers, Hong Kong has a major capitalist service economy characterized by low taxation and free trade, and the currency, Hong Kong dollar, is the eighth most traded currency in the world