Hong Kong, asia's world city

Hong Kong

Hong Kong – The Fragrant Harbour

Hong Kong, officially known as the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is one of the most densely populated cities in the world with over 7.4 million people of different nationalities living. Located on the eastern side of the Pearl River estuary in southern China, it is also a special administrative region. Hong Kong also known as “Asia’s World City.”

After Qing China gave up the fragrant harbour Hong Kong Island at the end of the First Opium War, it became a British colony in 1842. This colony was then further extended to Kowloon Peninsula after the Second Opium War in 1860. The territory was then returned to China in 1997. Today, as a special territory, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of ‘One country, two systems’.

Hong Kong Asia’s world city has a sparsely populated area of fishing and farming, and has also become one of world’s most significant financial centres and commercial ports. Hong Kong is also the world’s tenth-largest exporter and the ninth-largest importer. Hong Kong also has the highest concentration of ultra-high-net-worth individuals of any city in the world.

Being one of the busiest container ports, Hong Kong has a capitalist mixed service economy. It is characterised by low taxation, minimum intervention of the government in market and an established international financial market. Fragrant harbour Hong Kong is ranked as the world’s 35th largest economy with a normal GDP of US$373 billion. Despite being ranked at the top of the Heritage Foundation’s economic freedom, it still faces a high level of economic disparity.

Hong Kong Asia’s world city is the tenth-largest trading entity in terms of exports and imports. The Hong Kong Stock Exchange ranks the seventh in the world and has a market capitalisation of HK$30.4 trillion (US$3.87 trillion). The economy of Hong Kong is today dominated by the service sector, which generates about 92.7% of economic output. Hong Kong is also a gateway for Foreign Direct Investments in China. It also has the second-highest number of corporate offices in the Asia-Pacific region.

Tourism is also a major part of the economy of Hong Kong and accounts for as much as 5% of the GDP. In the year 2016, 26.6 million tourists contributed to HK$258 billion which made Hong Kong the 14th most popular destination for international tourists.

The Culture of Hong Kong –

Characterised by the hybrid east and the west culture, Hong Kong also emphasizes on the traditional Chinese values of family and education while perfectly blending it with the Western ideas. Despite a majority of population being ethnically Chinese, Hong Kong has developed a separate identity. Hong Kong’s mainstream culture is derived from immigrants originating from different parts of China.

The traditional Chinese values including the family honour, filial piety, and a preference for sons can still be seen. Feng Shui, a spiritual practice that is believed to prosper a business is observed by the people of Hong Kong. Some other spiritual beliefs include the Bagua mirrors used to detect the evil. Also, most buildings often lack the 4th floor in Hong Kong as the number 4 sounds similar to the word “die” in the Cantonese language.

The Cuisine –

Although Hong Kong has an exposure to varied foreign influences, the food culture is largely derived from the Cantonese cuisine, European cuisine (especially by the British Cuisine). Rice is the staple food and is generally served plain with other dishes. In this food culture, there are five daily meals; breakfast, lunch, afternoon tea, dinner and siu yeh. Siu yeh is a late night meal. Siu yeh is generally associated with the post-midnight meals for people working late.

From the roadside stalls to the most deluxe restaurants, Hong Kong presents you with an unlimited variety of food. Yum cha is a brunch or a dining-out tradition with family and friends and generally includes dishes like Dim Sum, congee, Cha siu bao, siu Yuk, egg tarts and mango pudding.

Festivities and Beliefs –

People in Hong Kong celebrate the Chinese traditional holidays that include the Chinese Lunar Year, Ching Ming Festival (Qing Ming Festival), and the Mid-Autumn Festival. Kung Fu is one of the forms of exercise and entertainment carried out in Hong Kong Fragrant Harbour. Tai Chi, or sometimes called as the Shadow Boxing which was developed many years ago.

The Cantonese Opera is one of the highly respected forms of art in Hong Kong. It blends the Chinese music, drama and legends into one exciting act. Recently, the English version of the Cantonese Opera has come into being which has gained popularity among the foreigners. People of Hong Kong follow their traditions strictly and have many superstitious beliefs. For example, you will rarely see them thanking each other for simple acts of courtesy or apologising for other mundane acts like bumping each other on the street. These beliefs are also seen in the colours they wear. White is generally referred to as a colour of mourning, while black colour is associated with dark and evil. The colour red is considered to be the colour of happiness and is a notion for wealth fame and luck. Same thing applies to the numbers. Lucky numbers for them are 3, 8 and 9. They are considered lucky as they sound similar to the word ‘life’, ‘prosperity’ and ‘eternity’.

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