[216] the town has the 2nd-maximum amount of corporate headquarters within the Asia-Pacific area.[217] Hong Kong is really a gateway for foreign immediate financial investment in China, giving traders open up access to mainland Chinese marketplaces as a result of immediate back links With all the Shanghai and Shenzhen inventory exchanges. The territory was the first marketplace exterior mainland China for renminbi-denominated bonds, and has become the major hubs for offshore renminbi trading.[218]
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These universities are topic towards the curriculum guidelines as supplied by the instruction Bureau. non-public faculties subsidised beneath the immediate Subsidy Scheme and Global colleges drop outside of this system and may elect to utilize differing curricula and educate working with other languages.[292]
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[111] Interpretative and amending energy about The fundamental legislation and jurisdiction above functions of condition lie Using the central authority, producing regional courts in the long run subordinate for the mainland's socialist civil legislation system.[112] Decisions made by the Standing Committee on the National men and women's Congress override any territorial judicial system.[113] On top of that, in situation where the Standing Committee declares a condition of crisis in Hong Kong, the condition Council may possibly implement national legislation from the area.[114]
The identify in the territory, to start with romanised as "He-Ong-Kong" in 1780,[35] originally referred to a small inlet Found involving Aberdeen Island as well as southern Coastline of Hong Kong Island. Aberdeen was an Original level of Get hold of concerning British sailors and native fishermen.[36] Even though the source of the romanised title is mysterious, it is mostly thought to get an early phonetic rendering of your Cantonese pronunciation hēung góng. The name interprets as "fragrant harbour" or "incense harbour".
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