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since the mainland liberalised its overall economy, Hong Kong's shipping business confronted rigorous competition from other Chinese ports. 50 percent of China's trade items had been routed by means of Hong Kong in 1997, dropping to about 13% by 2015.[229] The territory's negligible taxation, typical legislation procedure, and civil company attract abroad corporations wishing to establish a presence in Asia.[229] the town has the next-maximum range of corporate headquarters from the Asia-Pacific location.[230] Hong Kong can be a gateway for international direct financial investment in China, supplying investors open usage of mainland Chinese marketplaces as a result of immediate inbound links With all the Shanghai and Shenzhen stock exchanges.
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Political debates after the transfer of sovereignty have centred throughout the location's democratic advancement plus the central federal government's adherence towards the "1 country, two methods" basic principle. immediately after reversal of the last colonial period Legislative Council democratic reforms subsequent the handover,[86] the regional authorities unsuccessfully attempted to enact national protection laws pursuant to report 23 of The essential regulation.[87] The central govt final decision to put into action nominee pre-screening right before letting chief government elections brought on a number of protests in 2014 which grew to become often known as the Umbrella Revolution.
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The government maintains a coverage of "mother tongue instruction"; most educational facilities use Cantonese given that the medium of instruction, with penned instruction in both Chinese and English. Other languages being used as medium of instruction in non-Worldwide faculty schooling consist of English and Putonghua (typical Mandarin Chinese).