[216] the town has the 2nd-best quantity of corporate headquarters inside the Asia-Pacific location.[217] Hong Kong is really a gateway for overseas direct expenditure in China, giving traders open up access to mainland Chinese marketplaces as a result of immediate hyperlinks Together with the Shanghai and Shenzhen inventory exchanges. The territory was the initial marketplace outdoors mainland China for renminbi-denominated bonds, and is amongst the greatest hubs for offshore renminbi buying and selling.[218]
The Hong Kong Jockey Club, the territory's biggest taxpayer,[288] features a monopoly on gambling and provides in excess of seven for each cent of government earnings.[289] Three types of gambling are authorized in Hong Kong: lotteries and betting on horse racing and soccer.[288] training
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Hong Kong is really a Distinctive administrative location of China, with government, legislative, and judicial powers devolved from the countrywide government.[ninety] The Sino-British Joint Declaration presented for financial and administrative continuity with the transfer of sovereignty,[seventy five] resulting in an govt-led governing process largely inherited within the territory's history to be a British colony.