The federal government maintains a coverage of "mother tongue instruction"; most universities use Cantonese as the medium of instruction, with prepared instruction in both Chinese and English.
The government has had a passive job inside the economic climate. Colonial governments had very little industrial policy, and executed Practically no trade controls. underneath the doctrine of "constructive non-interventionism", publish-war administrations intentionally averted the direct allocation of resources; active intervention was regarded harmful to economic growth.
The Hong Kong Jockey Club, the territory's largest taxpayer,[288] features a monopoly on gambling and presents about seven for each cent of government revenue.[289] a few forms of gambling are legal in Hong Kong: lotteries and betting on horse racing and soccer.[288] education and learning
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Hong Kong signifies alone separately from mainland China, with its individual sports activities groups in Global competitions.[282] The territory has participated in nearly every summer months Olympics due to the fact 1952, and it has attained three medals.
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The Joint Declaration ensures The fundamental Law for fifty decades following the transfer of sovereignty.[seventy five] It does not specify how Hong Kong will be ruled just after 2047, and the central governing administration's part in deciding the territory's long run process of government is the subject of political debate and speculation.
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[216] the town has the second-best quantity of company headquarters while in the Asia-Pacific area.[217] Hong Kong is really a gateway for international immediate financial commitment in China, offering traders open up use of mainland Chinese markets by way of direct links Using the Shanghai and Shenzhen stock exchanges. The territory was the primary industry outside mainland China for renminbi-denominated bonds, and is probably the most significant hubs for offshore renminbi buying and selling.[218]
Hong Kong is governed by a hybrid routine that's not fully consultant in the populace. Legislative Council users elected by useful constituencies composed of professional and Particular fascination groups are accountable to All those slim corporate electorates rather than most of the people. This electoral arrangement has assured a pro-establishment bulk within the legislature since the transfer of sovereignty. likewise, the Chief govt is chosen by establishment politicians and company customers of your Election Committee as an alternative to immediately elected.
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