[216] town has the 2nd-optimum range of corporate headquarters during the Asia-Pacific location.[217] Hong Kong is a gateway for overseas direct investment in China, providing investors open usage of mainland Chinese markets via immediate back links with the Shanghai and Shenzhen inventory exchanges. The territory was the first sector outside the house mainland China for renminbi-denominated bonds, and is without doubt one of the major hubs for offshore renminbi trading.[218]
The Hong Kong Jockey Club, the territory's most significant taxpayer,[288] features a monopoly on gambling and presents above seven for each cent of presidency revenue.[289] a few sorts of gambling are lawful in Hong Kong: lotteries and betting on horse racing and football.[288] instruction
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Economic and infrastructure integration with China has amplified significantly since the 1978 commence of industry liberalisation over the mainland. considering that resumption of cross-boundary educate service in 1979, several rail and road back links are enhanced and constructed (facilitating trade in between areas).[210][211] The nearer Partnership Economic Arrangement formalised a policy of absolutely free trade involving the two places, with Each individual jurisdiction pledging to eliminate remaining obstacles to trade and cross-boundary financial investment.
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Hong Kong is often a Exclusive administrative location of China, with executive, legislative, and judicial powers devolved with the nationwide governing administration.[ninety] The Sino-British Joint Declaration provided for financial and administrative continuity with the transfer of sovereignty,[75] leading to an govt-led governing program largely inherited from the territory's record being a British colony.