HKSAR Emblem |
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Swear in |
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HKSAR Chief Executive Tung Chee-hwa is sworn in at a ceremony in Hong Kong on July 1. |
Chief Executive Biography |
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Celebrations |
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Vitoria Harbour |
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Ceremony 1997 |
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Commemorative Stamps |
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Celebration Gala |
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HKSAR |
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Financial Status in the World |
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Hong Kong Today |
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The Ceremony 1997 |
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History |
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Picture Gallery |
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Situated at the south-eastern tip of China, Hong Kong is ideally positioned at the centre of East Asia, one of the world's most dynamic regions. With a total area of 1 100 square kilometres, it covers Hong Kong Island, the Kowloon peninsula and the New Territories, including 235 outlying islands.
Hong Kong has no natural resources, except a deep-water harbour and an industrious population. A hardworking, flexible and well-educated workforce of 3.4 million, coupled with entrepreneurial flair, is the bedrock of Hong Kong's productivity and creativity.
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Described as a 'barren rock' 150 years ago, Hong Kong has since grown into a world-class financial, trading and business centre. It is the world's 9th largest trading economy.
Hong Kong advocates and practises free trade. Its economy is nurtured by a government policy of maximum support and minimum intervention. Hong Kong is used by multinational companies as a regional base to manage their businesses in the Asia Pacific. This is reflected in Hong Kong's trade with the region, which grew at an average annual rate of 16% since 1980 and reached US$ 233 billion in 1999.
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Its taxes are low and simple.
Hong Kong has a trusted legal system and an independent judiciary, which ensures that the rule of law is upheld and that no one is above the law.
Hong Kong became a Special Administrative Region of the People's Republic of China on 1 July 1997, after a century and a half of British administration. Under Hong Kong's constitutional document the Basic Law, the existing economic, legal and social systems will be maintained for at least 50 years after 1997.
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A giant bronze Buddha atop a peak on Lantau Island is a prime attraction for the 10 million-plus tourists who visit Hong Kong every year. Tourists can also enjoy shopping in Hong Kong, which is considered a shopping paradise. Source: China Photo Library Ltd.
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