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Dynamic Hong Kong

2007-06-25 China Culture

Hong Kong advocates and pursues a policy of free trade, and possesses a free and open investment system with no trade barriers. Foreign investors are treated without discrimination and capital flows freely. The legal system of Hong Kong is well-developed. Its financial policy and regulations have a high degree of transparency, and the concise tax code imposes a low tax rate. Hong Kong has ranked as the world's freest economy in the Index of Economic Freedom for 13 consecutive years.

Hong Kong stock exchange

Hong Kong is a major international financial center. Hong Kong's financial sector is closely guided by market forces. Numerous international financial institutions are based or have branches in Hong Kong. Hong Kong's monetary policy is to maintain the stability of the Hong Kong dollar. Hong Kong currency may be freely exchanged, and the foreign exchange market carries out transactions with clients around the globe 24 hours a day. In 2006, Hong Kong's official foreign exchange reserve ranked eighth in the world.

Hong Kong - the Pearl of the East


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