Under the principle of "one country, two systems", Hong Kong runs on economic and political systems different from those of mainland China. Hong Kong is one of the world's leading international financial centres, with a major capitalist service economy characterised by low taxation, free trade and minimum government intervention under the ethos of positive non-interventionism. The Hong Kong dollar is the 9th most traded currency in the world.
Hong Kong's independent judiciary functions under the common law framework. Its political system is governed by the Basic Law of Hong Kong, its constitutional document. It has a burgeoning multi-party system, and its legislature is partly elected through universal suffrage. The Chief Executive of Hong Kong is the head of government.
Hong Kong became a colony of the British Empire after the First Opium War (1839–1842). Originally confined to Hong Kong Island, the colony's boundaries were extended in stages so as to include the Kowloon Peninsula and the New Territories by 1898. It was occupied by the Japanese during the Pacific War, after which the British resumed control until 1997, when China regained sovereignty. The Basic Law stipulates that Hong Kong shall enjoy a "high degree of autonomy" in all matters except foreign relations and military defence
Hong Kong became a colony of the British Empire after the First Opium War (1839–1842). Originally confined to Hong Kong Island, the colony's boundaries were extended in stages so as to include the Kowloon Peninsula and the New Territories by 1898. It was occupied by the Japanese during the Pacific War, after which the British resumed control until 1997, when China regained sovereignty. The Basic Law stipulates that Hong Kong shall enjoy a "high degree of autonomy" in all matters except foreign relations and military defence
Hong Kong is frequently described as a place where "East meets West", reflecting the culture's mix of the territory's Chinese roots with the culture brought to it during its time as a British colony. One of the more noticeable contradictions is Hong Kong's balancing of a modernised way of life with traditional Chinese practices. Concepts like feng shui are taken very seriously, with expensive construction projects often hiring expert consultants, and are often believed to make or break a business. Other objects like Ba gua mirrors are still regularly used to deflect evil spirits, and buildings often lack any floor number that has a 4 in it, due to its similarity to the word for "die" in the Chinese language. The fusion of east and west also characterises Hong Kong's cuisine, where dim sum, hot pot and fast food restaurants coexist with haute cuisine.
Hong Kong is a recognised global centre of trade, and calls itself an 'entertainment hub'. Its martial arts film genre gained a high level of popularity in the late 1960s and 1970s. Several Hollywood performers and martial artists have originated from Hong Kong cinema, notably Bruce Lee, Jackie Chan, Chow Yun-Fat, and Yuen Woo-ping. A number of Hong Kong film-makers have also achieved widespread fame in Hollywood, such as John Woo, Wong Kar-wai and Stephen Chow. Homegrown films such as Chungking Express, Infernal Affairs, Shaolin Soccer, Rumble in the Bronx, and In the Mood for Love have gained international recognition. Hong Kong is the centre for Cantopop music, which draws its influence from other forms of Chinese music and Western genres, and has a multinational fanbase
Hong Kong is a recognised global centre of trade, and calls itself an 'entertainment hub'. Its martial arts film genre gained a high level of popularity in the late 1960s and 1970s. Several Hollywood performers and martial artists have originated from Hong Kong cinema, notably Bruce Lee, Jackie Chan, Chow Yun-Fat, and Yuen Woo-ping. A number of Hong Kong film-makers have also achieved widespread fame in Hollywood, such as John Woo, Wong Kar-wai and Stephen Chow. Homegrown films such as Chungking Express, Infernal Affairs, Shaolin Soccer, Rumble in the Bronx, and In the Mood for Love have gained international recognition. Hong Kong is the centre for Cantopop music, which draws its influence from other forms of Chinese music and Western genres, and has a multinational fanbase
The Hong Kong government supports cultural institutions such as the Hong Kong Heritage Museum, the Hong Kong Museum of Art, the Hong Kong Academy for Performing Arts, and the Hong Kong Philharmonic Orchestra. Also, the government's Leisure and Cultural Services Department subsidises and sponsors international performers brought to Hong Kong. Many international cultural activities are organised by the government, consulates, and privately.
Hong Kong has two licensed terrestrial broadcasters – ATV and TVB. There are three local and a number of foreign suppliers of cable and satellite services. The production of Hong Kong's soap dramas, comedy series and variety shows reach audiences throughout the Chinese-speaking world. Magazine and newspaper publishers in Hong Kong distribute and print in both Chinese and English, with a focus on sensationalism and celebrity gossip. The media is relatively free from official interference compared to mainland China, although the Far Eastern Economic Review points to signs of self-censorship by journals whose owners have close ties to or business interests in the PRC, but state that even Western media outlets are not immune to growing Chinese economic power.
Hong Kong offers wide recreational and competitive sport opportunities despite its limited land area. It sends delegates to international competition, namely the Olympic Games and Asian Games, and played host to the equestrian events during the 2008 Summer Olympics.[112] There are major multipurpose venues like Hong Kong Coliseum and MacPherson Stadium. Hong Kong's steep terrain makes it ideal for hiking, with expansive views over the territory, and its rugged coastline provides many beaches for swimming.
Hong Kong has a highly developed transportation network. Over 90% of daily travels (11 million) are on public transport, making it the highest percentage in the world. Payment can be made using the Octopus card, a stored value system introduced by the MTR, which is now widely accepted on railways, buses and ferries, and well as accepted for cash at other outlets.
The city's rapid transit system, MTR, has 150 stations, which serve 3.4 million people a day. Hong Kong Tramways, which has served the territory since 1904, covers the northern parts of Hong Kong Island and is the only tram system in the world run exclusively with double deckers. Double-decker buses were introduced to Hong Kong in 1949, and are now almost exclusively used; single-decker buses remain in use for routes with lower demand or roads with lower load capacity. Most normal franchised bus routes in Hong Kong operate until 1 a.m. Public light buses serve most parts of Hong Kong, particularly areas where standard bus lines cannot reach or do not reach as frequently, quickly or directly.
The Star Ferry service, founded in 1888, operates four lines across Victoria Harbour and provides scenic views of Hong Kong's skyline for its 53,000 daily passengers. It acquired iconic status following its use as a setting on The World of Suzie Wong. Travel writer Ryan Levitt considered the main Tsim Sha Tsui to Central crossing one of the most picturesque in the world. Other ferry services are provided by operators serving outlying islands, new towns, Macau and cities in mainland China. Hong Kong is also famous for its junks traversing the harbour, and small kai-to ferries which serve remote coastal settlements.
Hong Kong Island's steep, hilly terrain calls for some unusual ways of getting up and down the slopes. It was initially served by sedan chair, steeply ascending the side of a mountain. The Peak Tram, the first public transport system in Hong Kong, has provided vertical rail transport between Central and Victoria Peak since 1888. In Central and Western district, there is an extensive system of escalators and moving pavements, including the longest outdoor covered escalator system in the world, the Mid-Levels escalator. Hong Kong International Airport is a leading air passenger gateway and logistics hub in Asia and one of the world's busiest airports in terms of international passenger and cargo movement, serving more than 47 million passengers and handling 3.74 million tonnes of cargo in 2007. It replaced the overcrowded Kai Tak Airport in Kowloon in 1998, and has been rated as the world's best airport in a number of surveys. Over 85 airlines operate at the two-terminal airport and it is the primary hub of Cathay Pacific, Dragonair, Air Hong Kong, Hong Kong Airlines and Hong Kong Express.
The city's rapid transit system, MTR, has 150 stations, which serve 3.4 million people a day. Hong Kong Tramways, which has served the territory since 1904, covers the northern parts of Hong Kong Island and is the only tram system in the world run exclusively with double deckers. Double-decker buses were introduced to Hong Kong in 1949, and are now almost exclusively used; single-decker buses remain in use for routes with lower demand or roads with lower load capacity. Most normal franchised bus routes in Hong Kong operate until 1 a.m. Public light buses serve most parts of Hong Kong, particularly areas where standard bus lines cannot reach or do not reach as frequently, quickly or directly.
The Star Ferry service, founded in 1888, operates four lines across Victoria Harbour and provides scenic views of Hong Kong's skyline for its 53,000 daily passengers. It acquired iconic status following its use as a setting on The World of Suzie Wong. Travel writer Ryan Levitt considered the main Tsim Sha Tsui to Central crossing one of the most picturesque in the world. Other ferry services are provided by operators serving outlying islands, new towns, Macau and cities in mainland China. Hong Kong is also famous for its junks traversing the harbour, and small kai-to ferries which serve remote coastal settlements.
Hong Kong Island's steep, hilly terrain calls for some unusual ways of getting up and down the slopes. It was initially served by sedan chair, steeply ascending the side of a mountain. The Peak Tram, the first public transport system in Hong Kong, has provided vertical rail transport between Central and Victoria Peak since 1888. In Central and Western district, there is an extensive system of escalators and moving pavements, including the longest outdoor covered escalator system in the world, the Mid-Levels escalator. Hong Kong International Airport is a leading air passenger gateway and logistics hub in Asia and one of the world's busiest airports in terms of international passenger and cargo movement, serving more than 47 million passengers and handling 3.74 million tonnes of cargo in 2007. It replaced the overcrowded Kai Tak Airport in Kowloon in 1998, and has been rated as the world's best airport in a number of surveys. Over 85 airlines operate at the two-terminal airport and it is the primary hub of Cathay Pacific, Dragonair, Air Hong Kong, Hong Kong Airlines and Hong Kong Express.