About the issue of one country, two systems in Hong Kong

One country, two systems was the pioneering initiative to solve Hong Kong's problems back then, and it is also the cornerstone of Hong Kong's continued prosperity. Hong Kong has its own symbols, namely the regional flag and regional emblem. At the same time, Hong Kong also has a different social form and economic model from mainland China.

After the handover, Hong Kong maintained its original social system and economic operation model. Hong Kong has an independent judicial system. Hong Kong issues and circulates its own currency, the Hong Kong dollar, and independently issues stamps (the stamps are marked "Hong Kong, China" "), in international sports competitions, participating in international sports events in the name of "Hong Kong, China". Hong Kong participates in the World Trade Organization and many other international organizations as an independent "Hong Kong, China". Hong Kong operates its own mature fiscal and financial system and has its own immigration policy. As of the end of 2007, citizens or residents of 170 countries and regions around the world can enter Hong Kong visa-free.

Hong Kong is a free port. Except for cigarettes, spirits and fuel for power (gasoline, diesel, etc.), Hong Kong does not impose tariffs on other imported items. Hong Kong's economy is known for its free trade, low tax rates and minimal government intervention. Hong Kong has been rated as the freest economic system in the world by internationally renowned rating agencies and organizations for many years in a row. Nobel Prize winner Milton Friedman even regarded Hong Kong as a model of free economy. Hong Kong is a financial center, an international shipping center, and a regional trade center in the Asia-Pacific region and even internationally. It has an irreplaceable advantageous position close to many countries and regions. Today, Hong Kong has become the 11th largest trading entity in the world. In terms of throughput, Hong Kong's container (container) port is one of the busiest container ports in the world. Hong Kong International Airport is one of the world's busiest airports in terms of passenger volume and international cargo handling. Hong Kong is the world's 15th largest banking center in terms of external banking transaction volume. Hong Kong is the world's sixth largest foreign exchange market in terms of turnover. The Hong Kong stock market is Asia's second largest market in terms of market capitalization.

Hong Kong is one of the transportation and tourism centers in the Asia-Pacific region. The public transportation system consists of a transportation network of railways, ferries, buses, and automobiles, which extends to almost every corner of the port. Hong Kong is an important international commercial port with a developed shipping industry. It has shipping connections with 460 ports in more than 100 countries and regions, forming a complete maritime transportation network with Hong Kong as the hub and routes reaching five continents and three oceans. There are more than 20 routes from Hong Kong to various parts of the world. Hong Kong is also the gateway to the mainland for business and tourism. In 2005, Hong Kong residents returned to the mainland approximately 62.7 million times, and tourists from other places entered the mainland via Hong Kong ***4 million times. There are 128 ships, about 100 flights, more than 400 trains and 40,200 vehicles traveling between Hong Kong and the Mainland every day.

Hong Kong is one of the international financial centers, with financial institutions and markets closely connected. The government's policy is to maintain and develop a sound legal framework, regulatory system, infrastructure and administrative system to provide a level playing field for market participants, maintain the stability of the financial and monetary system, and enable Hong Kong to compete effectively with other major financial centres. . Hong Kong is strategically located as a bridge connecting the time difference between North America and Europe. It is closely connected with the mainland and other Southeast Asian economic systems, and has established a good communication network with other parts of the world. Therefore, it can become an important international financial center. In addition, the free flow of funds into and out of Hong Kong is also an important factor.

Hong Kong is the eleventh largest trading economic system, the sixth largest foreign exchange market and the fifteenth largest banking center in the world. Hong Kong's stock market is the second largest in Asia. Hong Kong is also a major exporter of garments, watches, toys, games, electronics and certain light industrial products, with its total export value ranking among the highest in the world.

Hong Kong’s economy is dominated by the service industry and is closely related to mainland China and other regions in the Asia-Pacific. It is the city with the largest number of international companies in Asia to set up regional offices. Hong Kong is also one of the most popular tourist destinations for tourists and is also the venue for Popular place for international conferences and exhibitions. In 2005, Hong Kong was the eleventh largest services exporter in the world. The main industries related to trade in services include travel and tourism, trade-related services, transportation services, financial and banking services and professional services.

Main economic data

Gross domestic product: HK$1,472.3 billion (2006)

Per capita GDP: HK$214,710 (2006)

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Gross domestic product growth in real terms: 6.8% (2006)

Urban GDP (purchasing power parity)

$289.7 billion (2007, World Countries and 39th in the region).

Per capita GDP is US$41,614 (305,018 RMB. No. 1 among Chinese administrative regions; No. 6 among countries and regions in the world).

Urban GDP (nominal)

203 billion U.S. dollars (in 2007, ranked 37th among countries and regions in the world).

Per capita GDP is US$29,149 (ranked 2nd among Chinese administrative regions; 28th among countries and regions in the world).

Urban gross national product

295.2 billion US dollars (purchasing power evaluation, ranked 36th in the world and region in 2008)

Per capita GDP 29,350 (world and country rankings 27th)

According to 2005 data from the International Monetary Fund, Hong Kong’s per capita GDP (PPP) was US$34,111, ranking 9th in the world and 1st in Asia, surpassing the four major economic systems of Western Europe. According to the international exchange rate, it is US$25,555, ranking 26th in the world and 5th in Asia, behind Qatar, Japan, the United Arab Emirates and Singapore. Looking at various industries in Hong Kong, the service industry accounts for the highest proportion of local GDP, accounting for 91% in 2005. Among them, the import and export trade industry accounts for 22.5% of GDP, the community, social and personal services industry accounts for 19.2%, and the financial and insurance industry accounts for 19.2%. 12.7%.