In China, Hong Kong is not regarded as a city but as a distinct region. This is so that Hong Kong may have its own Olympic Committee, cheap taxes, free trade, and political system.After more than 150 years as a British colony, Hong Kong only joined China in 1997.
Hong Kong, as a result, has a highly distinct history and culture from the rest of China.The idea of one country, two systems serves as the foundation for Hong Kong's political system. This indicates that Hong Kong has a great degree of autonomy while being a part of China.
Hong Kong is home to its own legislative, court system, and executive branch.The tax structure in Hong Kong is considerably dissimilar from that in the rest of China. There are no taxes on capital gains or dividends in Hong Kong, and the tax rate is modest.
Due of this, Hong Kong is a particularly desirable location for enterprises and investors.The economy of Hong Kong is free trade. This indicates that there are no import or export duties or quotas.
Hong Kong becomes a significant trading and commercial hub as a result.There is an Olympic Committee in Hong Kong. As a result, athletes from Hong Kong can participate in the Olympic Games independently of Chinese participants.
Although officially not a city, Hong Kong is one of the world's most densely populated areas. A mere 1,104 square kilometres are home to over 7 million people. As a result, Hong Kong is among the world's most fascinating and active cities.