All travellers in between Hong Kong and China and Macau will have to go through border controls, in spite of nationality.[a hundred and twenty] Mainland Chinese citizens would not have suitable of abode in Hong Kong and they are issue to immigration controls.[121] Public finances are managed independently from your nationwide government; taxes levied in Hong Kong don't fund the central authority.[122][123]
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As the mainland liberalised its economic climate, Hong Kong's transport industry faced powerful Competitors from other Chinese ports. 50 % of China's trade merchandise were routed through Hong Kong in 1997, dropping to about thirteen% by 2015.[229] The territory's negligible taxation, prevalent legislation program, and civil company appeal to abroad businesses wishing to establish a existence in Asia.[229] town has the next-best range of company headquarters within the Asia-Pacific area.[230] Hong Kong is really a gateway for overseas immediate expenditure in China, offering traders open use of mainland Chinese markets via direct back links While using the Shanghai and Shenzhen inventory exchanges.
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The declare is based on an archaeological investigation in Wong Tei Tung, Sai Kung in 2003. The archaeological functions discovered knapped stone tools from deposits which were dated making use of optical luminescence relationship.[45]
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