[216] the town has the second-greatest variety of company headquarters within the Asia-Pacific region.[217] Hong Kong is often a gateway for international direct financial investment in China, giving investors open up usage of mainland Chinese marketplaces as a result of immediate hyperlinks Along with the Shanghai and Shenzhen inventory exchanges. The territory was the 1st industry outside the house mainland China for renminbi-denominated bonds, and is amongst the biggest hubs for offshore renminbi investing.[218]
The Hong Kong Jockey Club, the territory's biggest taxpayer,[288] provides a monopoly on gambling and offers above 7 for every cent of presidency income.[289] a few types of gambling are legal in Hong Kong: lotteries and betting on horse racing and football.[288] Education
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Hong Kong represents by itself separately from mainland China, with its very own sporting activities teams in Global competitions.[282] The territory has participated in almost every Summer Olympics due to the fact 1952, and has earned 3 medals.
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The title with the territory, 1st romanised as "He-Ong-Kong" in 1780,[35] originally referred to a small inlet Found involving Aberdeen Island along with the southern coast of Hong Kong Island. Aberdeen was an initial position of Call between British sailors and local fishermen.[36] Even though the source of the romanised title is mysterious, it is usually believed to generally be an early phonetic rendering on the Cantonese pronunciation hēung góng. The title translates as "fragrant harbour" or "incense harbour".
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