[216] town has the next-maximum variety of corporate headquarters during the Asia-Pacific region.[217] Hong Kong can be a gateway for overseas immediate investment in China, providing traders open use of mainland Chinese markets via immediate one-way links With all the Shanghai and Shenzhen stock exchanges. The territory was the primary current market outside mainland China for renminbi-denominated bonds, and has become the most significant hubs for offshore renminbi buying and selling.[218]
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The territory's jurisdictional independence is most apparent in its immigration and taxation procedures. The Immigration Section troubles passports for long-lasting residents which vary from those from the mainland or Macau,[one hundred fifteen] along with the area maintains a regulated border with the remainder of the state.
The federal government maintains a plan of "mom tongue instruction"; most schools use Cantonese as the medium of instruction, with written instruction in both equally Chinese and English.
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Administrative infrastructure was swiftly crafted by early 1842, but piracy, disorder, and hostile Qing insurance policies originally prevented the government from attracting commerce. ailments over the island enhanced in the course of the Taiping Rebellion while in the 1850s, when numerous Chinese refugees, like rich merchants, fled mainland turbulence and settled inside the colony.[16] even further tensions among the British and Qing about the opium trade escalated into the next Opium War.
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