Hong Kong SAR, China

Search Dictionary

Definition of 'Hong Kong SAR, China'

Hong Kong Special Administrative Region of the People's Republic of China (HKSAR) is a special administrative region (SAR) on the eastern Pearl River Delta of China. The territory has a land area of 1,104 km2 (426 sq mi) and borders the Guangdong province of mainland China in the north, and the South China Sea in the south and east. Hong Kong is a major global financial centre, and one of the world's most important international trading hubs. It is also a major tourist destination, and has a rich cultural heritage.

The Hong Kong dollar is the official currency of Hong Kong. It is issued by the Hong Kong Monetary Authority (HKMA), and is pegged to the US dollar at a rate of HK$7.80 to US$1. The HKMA maintains a currency board system, which means that it is committed to maintaining the peg at all times.

The Hong Kong stock market is one of the largest in Asia. It is home to some of the world's largest companies, including HSBC, Alibaba, and Tencent. The stock market is regulated by the Securities and Futures Commission (SFC).

The Hong Kong economy is one of the most open and free in the world. It is ranked 1st in the world for economic freedom by the Heritage Foundation. The economy is driven by its service sector, which accounts for over 90% of GDP. The main industries in Hong Kong are financial services, trade, and tourism.

Hong Kong is a member of the World Trade Organization (WTO), and has free trade agreements with over 50 countries. It is also a member of the Asia-Pacific Economic Cooperation (APEC) forum.

Hong Kong is a popular destination for foreign investment. It is ranked 1st in the world for foreign direct investment (FDI) by the United Nations Conference on Trade and Development (UNCTAD). The main sources of FDI in Hong Kong are mainland China, the United States, and Japan.

Hong Kong is a safe and prosperous city. It has a low crime rate, and a high standard of living. It is also a very international city, with people from all over the world living and working there.

Hong Kong is a unique and vibrant city. It is a major global financial centre, a popular tourist destination, and a great place to live and work.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.