[216] town has the next-highest range of company headquarters inside the Asia-Pacific location.[217] Hong Kong is really a gateway for international immediate financial commitment in China, offering traders open up access to mainland Chinese markets by means of direct backlinks Along with the Shanghai and Shenzhen inventory exchanges. The territory was the 1st current market exterior mainland China for renminbi-denominated bonds, and has become the most significant hubs for offshore renminbi investing.[218]
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The territory's jurisdictional independence is most apparent in its immigration and taxation policies. The Immigration Section problems passports for long lasting inhabitants which vary from those with the mainland or Macau,[a hundred and fifteen] as well as the location maintains a regulated border with the rest of the country.
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These universities are subject for the curriculum rules as supplied by the instruction Bureau. non-public faculties subsidised beneath the immediate Subsidy plan and Global educational institutions fall outside of This method and will elect to make use of differing curricula and teach employing other languages.[292]
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Its inhabitants rebounded swiftly following the war, as competent Chinese migrants fled from the Chinese Civil War, plus more refugees crossed the border if the Communist get together took control of mainland China in 1949.[sixty nine] Hong Kong grew to become the 1st on the 4 Asian Tiger economies to industrialise through the 1950s.[70] using a rapidly rising population, the colonial govt began reforms to improve infrastructure and community companies.
Western classical songs has Traditionally had a robust existence in Hong Kong, and continues to be a considerable Element of regional musical education and learning.[280] The publicly funded Hong Kong Philharmonic Orchestra, the territory's oldest Qualified symphony orchestra, regularly host musicians and conductors from abroad.
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