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Over half a century ago, Hong Kong used to have many factories mostly relating to textile and plastic. Before China opened up to the world in the 80's, Hong Kong became the "office" for every foreigner who wanted to trade with China. Many businessmen became wealthy and invested their money in the Hong Kong real estate which has since become one of the most expensive in the world.
Today Hong Kong thrives on the following service industries:
- serving as logistics center for China managing its imports and exports
- serving as one of the financial centers in the world, especially for Chinese companies' listings so foreign investors can trade Chinese stocks
- as a tourist attraction with tax free retailing
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