Hong Kong is a metropolitan area and special administrative region of the People’s Republic of China. It is one of the most densely populated places in the world with over 7.5 million residents. The city has the second-highest number of billionaires of any city in the. world, and the highest number of ultra high-net-worth individuals of any. city in Asia.
About Hong Kong in brief
Hong Kong is a metropolitan area and special administrative region of the People’s Republic of China. It is one of the most densely populated places in the world with over 7.5 million residents. Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The name of the territory, first romanised as \”He-Ong-Kong\” in 1780, originally referred to a small inlet located between Aberdeen Island and the southern coast ofHong Kong Island. The city has the second-highest number of billionaires of any city in the. world, and the highest number of ultra high-net-worth individuals of any. city in Asia. It ranks fourth on the UN Human Development Index, and its residents have some of the highest life expectancies in. the world. Earliest known human traces in Hong Kong are dated by some to 35,000 and 39,000 years ago during the Paleolithic period. Early inhabitants are believed to be semi-coastal people in the Neolithic period and later the Yueh people. The region was briefly in modern-day Kowloon City before its final defeat in the 1279 Battle of Yamen. It was consolidated under the Nanyue kingdom after the Qin conquest and recaptured by China after the Han conquest in 13th century. During the 13th, 13th and 14th century, the Southern Song court court court ruled in the region. The area was briefly incorporated into the Qin dynasty for the first time in 214 BCE, after conquering the indigenous Baiyue kingdom.
The first recorded mention of Hong Kong was in 1279, when it was briefly known as Yamen before its defeat by the Yuan dynasty. The term Hongkong was used by the Chinese government until 1926, when the government officially adopted the two-word name. Some corporations founded during the early colonial era still keep this name, including Hongkongs Electric Company, Hongk Kong and Shanghai Hotels and theHongkong and Shanghai Banking Corporation. The Hong Kong dollar, is the eighth most traded currency in the World. The world’s tenth-largest exporter and ninth-largest importer, Hong Kong has a major capitalist service economy characterised by low taxation and free trade. Although the city has one of. the highest per capita incomes per se, severe income inequality exists, as well as a growing housing affordability and shortage crisis among the population. The dense space led to a developed transportation network with public transport rates exceeding 90 percent. Hong Kong is home to the largest number of skyscrapers of any cities in the the world, with public transit rates exceeding 80 percent. It also has the largest concentration of ultra-high-net worth individuals ofany city in. Asia, and one of highest life expectancy rates in the country. The earliest known inhabitants of the region are thought to be Neolithic to Bronze Age Hong Kong settlers, with knapped stone tools from deposits with an optical luminescence dating between 35,00 and 39k years ago.