Hong Kong is the 1 1 largest trading system, the sixth largest foreign exchange market and the 12 largest banking center in the world. Hong Kong's stock market is the second largest in Asia. Hong Kong is also a major exporter of clothing, watches, toys, games, electronic products and some light industrial products.
International service center
In 2003, Hong Kong was the 10th largest service exporter in the world. Hong Kong's service trade mainly includes civil aviation, shipping, tourism, trade-related services, and various financial and banking services. Many services are the cheapest in the world.
Photo: Chief Executive Tung Chee-hwa delivered a speech at the opening ceremony of the 200 1 Fortune Global Forum.
Regional headquarters of multinational corporations
More than 3,200 international enterprises have chosen to set up Asian regional headquarters or offices in Hong Kong. Their main businesses include wholesale and retail, import and export trade, other business services (such as accounting, advertising, law and other industries), banking and finance, manufacturing, transportation and related services.
Free trade and free market
Hong Kong advocates and pursues free trade-a free and open investment system, with no trade barriers, equal treatment for foreign investors, free flow of funds, a long history of the rule of law system, high transparency of rules and regulations, and low and clear tax rates.
Streamline the administrative structure of the government
The Hong Kong government is streamlined and efficient. The government of the Hong Kong Special Administrative Region is famous for its excellent efficiency, high transparency and impartiality. The tax rates of companies and individuals are low and easy to calculate. Hong Kong has always pursued the policy of "helping as much as possible and reducing interference" and is willing to support industrial and commercial development.
coinage
The goal of Hong Kong's monetary policy is to maintain the stability of the Hong Kong dollar. As Hong Kong is a highly export-oriented economy, the specific meaning of this goal is to maintain the stability of the external value of the Hong Kong dollar, that is, to maintain a fixed exchange rate of US$ 65,438+0 to HK$ 7.8. This policy goal is achieved through the linked exchange rate system. The linked exchange rate system has been implemented since 1983+00.
rule of law
Have full confidence in Hong Kong's legal system. This system is based on common law and has a long history. The rights and freedoms enjoyed by Hong Kong people are based on the selfless rule of law system, an independent judicial system, a sound legal aid system and a free and active media.
airport
Hong Kong is a major international and Asian aviation center. Hong Kong International Airport is one of the busiest airports in the world. All the major airlines in the world have flights to Hong Kong. At present, there are about 3 900 scheduled passenger flights and 6 15 cargo flights from Hong Kong to about 130 cities around the world every week. When the airport is fully developed, it will be able to handle 87 million passengers and 9 million metric tons of cargo every year. Since 200 1 year, Hong Kong International Airport has been selected as the best airport in the world by Skytrax Research, a British aviation industry opinion survey agency, for five consecutive years.
port
In 2003, Hong Kong Port handled 20 million 20-foot TEUs, making it the busiest container port in the world. The eight container terminals in Kwai Chung have a total of 18 berths, with a total length of 6000m near the sea. The wharf covers an area of more than 200 hectares and can accommodate as many as 65,438+08 "third generation" container ships. In 2003, about 35,790 ocean-going vessels and 65,438+082,270 river-trade vessels called in Hong Kong. These ships handled about 207.6 million metric tons of cargo and 654.38 million+86 million passengers from all over the world.
Hong Kong is building the ninth container terminal to cope with the increasing freight volume. The new Container Terminal 9 will have six berths and can handle at least 2.6 million 20-foot TEUs every year. The project is expected to be completed by the end of 2004.
The main sources of Hong Kong's economy are commercial activities and financial transactions, and Hong Kong started as a small fishing port, because in the 1930s and 1950s, many businesses moved to Hong Kong for other environmental reasons, especially in the 1950s, most of these businesses set up factories in Hong Kong, so in the 1960s and 1970s, the processing industry was the pillar of Hong Kong's economy. It was not until the 1980s that commercial activities began to be frequent, thus passing the "golden decade" of Hong Kong and laying the foundation for Hong Kong.
In the early days, Hong Kong started as an entrepot for China goods exported to foreign countries, and later developed industries (clothing, watches, etc.). ) Then there is a financial center.