Hong Kong is a Special Administrative Region of the People's Republic of China. Following British rule from 1842 to 1997, China assumed sovereignty under the 'one country, two systems' principle. The Hong Kong Special Administrative Region's constitutional document, the Basic Law, ensures that the current political situation will remain in effect for 50 years. The rights and freedoms of people in Hong Kong are based on the impartial rule of law and an independent judiciary.

The population of HK is approximately 7.24 million in 2014. People of Chinese descent comprise the vast majority of the population, with foreign nationals comprising 8%.

Hong Kong is characterised by free trade, low taxation and minimum government intervention. It is the world's 8th largest trading economy, with the mainland of China as its most significant trading partner.

Hong Kong is also a major service economy, with particularly strong links to mainland China and the rest of the Asia-Pacific region.

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Source: www.gov.hk

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