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South China Sea

Hong Kong regarded as one of the most cosmopolitan cities in the world

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Hong Kong is an international centre for trade and commerce, finance, business, transport and tourism.

It is a fascinating city which is famous for its energy, cosmopolitan nature and fast-paced way of life.

Hong Kong is one of the most open, externally-oriented economies in the world. Low taxes, a positive non-intervening administrative framework, an independent judiciary and strong anti-corruption enforcement are all important factors that help attract and retain international businesses to Hong Kong.

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For the fifth consecutive year, Hong Kong has been rated by the Heritage Foundation of the United States as the world's freest economy.

Its free market policies are magnets for international corporations.

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Being one of the world's leading banking and financial centres, nearly all major international banks have a presence here.

It was the fourth largest banking and financial centre in terms of external assets held by the banking sector and the seventh largest foreign exchange market in the world in 1998.

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