[216] The city has the 2nd-greatest range of company headquarters while in the Asia-Pacific location.[217] Hong Kong can be a gateway for overseas immediate financial commitment in China, giving traders open up access to mainland Chinese markets via immediate inbound links While using the Shanghai and Shenzhen inventory exchanges. The territory was the first current market outdoors mainland China for renminbi-denominated bonds, and is probably the largest hubs for offshore renminbi trading.[218]
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The territory's jurisdictional independence is most apparent in its immigration and taxation guidelines. The Immigration Division concerns passports for long lasting people which vary from These in the mainland or Macau,[a hundred and fifteen] and the area maintains a regulated border with the rest of the nation.
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Its population rebounded promptly after the war, as experienced Chinese migrants fled within the Chinese Civil War, and even more refugees crossed the border when the Communist Party took Charge of mainland China in 1949.[69] Hong Kong grew to become the main from the 4 Asian Tiger economies to industrialise through the nineteen fifties.[70] that has a speedily rising inhabitants, the colonial authorities began reforms to boost infrastructure and community products and services.
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