[216] The city has the 2nd-best quantity of corporate headquarters during the Asia-Pacific region.[217] Hong Kong is actually a gateway for overseas direct expense in China, offering traders open up usage of mainland Chinese marketplaces by means of direct one-way links with the Shanghai and Shenzhen inventory exchanges. The territory was the very first industry outside mainland China for renminbi-denominated bonds, and is one of the largest hubs for offshore renminbi buying and selling.[218]
The Hong Kong Jockey Club, the territory's premier taxpayer,[288] provides a monopoly on gambling and presents in excess of 7 for each cent of presidency earnings.[289] a few sorts of gambling are authorized in Hong Kong: lotteries and betting on horse racing and soccer.[288] Education
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These universities are topic into the curriculum recommendations as provided by the schooling Bureau. Private educational facilities subsidised underneath the immediate Subsidy plan and international schools drop outside of This technique and will elect to utilize differing curricula and teach working with other languages.[292]
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Administrative infrastructure was swiftly created by early 1842, but piracy, illness, and hostile Qing procedures in the beginning prevented the government from attracting commerce. problems to the island enhanced in the Taiping Rebellion while in the 1850s, when lots of Chinese refugees, which includes rich merchants, fled mainland turbulence and settled in the colony.[sixteen] even more tensions involving the British and Qing over the opium trade escalated into the next Opium War.
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Hong Kong is ruled by a hybrid regime that's not fully agent from the inhabitants. Legislative Council users elected by useful constituencies made up of Skilled and Unique desire groups are accountable to Individuals slim corporate electorates rather than most people. This electoral arrangement has assured a pro-institution majority within the legislature Considering that the transfer of sovereignty. equally, the Chief government is chosen by institution politicians and corporate associates of your Election Committee instead of straight elected.
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