[216] the town has the 2nd-best amount of company headquarters while in the Asia-Pacific region.[217] Hong Kong is really a gateway for foreign immediate expenditure in China, providing investors open access to mainland Chinese marketplaces by immediate back links Using the Shanghai and Shenzhen stock exchanges. The territory was the initial current market outdoors mainland China for renminbi-denominated bonds, and is without doubt one of the premier hubs for offshore renminbi trading.[218]
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[33][34][37] "Fragrant" might check with the sweet style of the harbour's freshwater influx in the Pearl River or towards the odour from incense factories lining the Coastline of northern Kowloon. The incense was stored in close proximity to Aberdeen Harbour for export before Victoria Harbour developed.[37] Sir John Davis (the second colonial governor) provided an alternate origin; Davis mentioned that the identify derived from "Hoong-keang" ("pink torrent"), reflecting the colour of soil more than which a waterfall on the island flowed.[38]
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Hong Kong is characterised to be a hybrid of East and West. regular Chinese values emphasising loved ones and education and learning Mix with Western ideals, which includes economic liberty along with the rule of law.[257] Even though the vast majority on the inhabitants is ethnically Chinese, Hong Kong has created a distinct identity. The territory diverged from the mainland due to its extensive duration of colonial administration and another pace of financial, social, and cultural development. Mainstream culture is derived from immigrants originating from several elements of China. This was influenced by British-model education, a different political process, and also the territory's immediate enhancement in the course of the late 20th century.
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