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Its inhabitants rebounded rapidly after the war, as experienced Chinese migrants fled from the Chinese Civil War, and a lot more refugees crossed the border if the Communist social gathering took Charge of mainland China in 1949.[sixty nine] Hong Kong turned the initial of the Four Asian Tiger economies to industrialise over the nineteen fifties.[70] by using a rapidly increasing population, the colonial govt started reforms to improve infrastructure and general public services.

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Secondary colleges need to train in Cantonese Unless of course accredited because of the Education Bureau. this sort of universities are Worldwide educational institutions, which educate in English.[52] Secondary schooling will move clear of the English design of 5 years secondary schooling moreover two many years of university matriculation into the Chinese model of 3 many years of junior secondary plus another 3 decades of senior secondary. University instruction extends from a few a long time to 4.

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Despite the immigration and sparse advancement of agriculture, the realm was hilly and comparatively barren. persons needed to rely on salt, pearl and fishery trades to provide revenue. Some clans created walled villages to protect them selves from the threat of bandits, rival clans and wild animals.

China promised to employ a "a person Country, Two Systems" routine, below which for fifty decades Hong Kong citizens could continue on to practice capitalism and political freedoms forbidden around the mainland.[citation wanted]

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[217] The city has the second-highest amount of corporate headquarters within the Asia-Pacific area.[218] Hong Kong is a gateway for foreign immediate expense in China, supplying traders open usage of mainland Chinese marketplaces through direct hyperlinks With all the Shanghai and Shenzhen stock exchanges. The territory was the 1st sector outside mainland China for renminbi-denominated bonds, and is without doubt one of the premier hubs for offshore renminbi trading.[219]