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Hong Kong is a highly developed region, in economic terms, terms of prosperity and infrastructure.
Hong Kong has the world's most developed financial markets; ranked higher than either the US or UK (World Economic Forum's 2011 Index of Financial Market Development). Hong Kong is also consistently ranked as the world's freest market economy and leads the world in IPOs and numerous other finance-related statistics. The median domestic household income for 2010 was HKD18,000 (http://www.gov.hk/en/about/abouthk/factsheets/docs/population.pdf).
The underground rides over 7 million passengers daily (of a population just over 7 million) and is one of the few profitable operators in the world. There is effective subsidized healthcare for all residents, and a tax-rate among the lowest of any first-world nation.
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What is the formal name of Hong Kong?
Hong Kong is officially recognized as Hong Kong Special Administrative Region of the People's Republic of China. However, "Hong Kong" and "Hong Kong Special Administrative Region" are also accepted.
Hong Kong money?
The Hong Kong currency is colloquially known as Hong Kong Dollars (HKD$).
When was Hong Kong Special Administrative Region created?
Hong Kong Special Administrative Region was created in 1997.
What region of the world is Hong Kong part of?
Hong Kong is classed as part of China (officially "Hong Kong Special Administrative Region of the People's Republic of China"), which means it is in Asia.
Is hong kong poor?
no it is well developed
Hong Kong is the capital of?
Hong Kong is not a capital, but a special administrative region of the People's republic of China.
Is Hong Kong is a british colony?
Since 1997, Hong Kong has been under Chinese control
What is Hong Kong classed as?
Hong Kong is classed a Special Administrative Region of the country China. This region was owned by England until 1997 when it was returned to China.
Has Hong Kong reunited with China?
It is considered to be a part of China but it isn't. The name for the region is Hong Kong SAR. SAR stands for Special Administrative Region. And the currency of Hong Kong is HKD which is HK dollar. And China uses Yuan
Does Hong Kong have a priminister?
No, Hong Kong is instead governed by the Chief Executive of Hong Kong, who is currently Leung Chun-ying. When it was still a British colony, Hong Kong was headed by a British-appointed governor.
Which is the most developed city of Asia?
Hong Kong and Tokyo
What are in developed countries?
Developed countries in Asia are: Japan, Korea, Hong Kong and Singapore
