Hong Kong SAR

Hong Kong, a SAR (Special Administrative Region) of China, is an autonomous territory based on the delta of the Pearl River. Hong Kong occupies an area of 1,104 square km and houses a multiethnic population of around 7.2 million.

The economy of Hong Kong is highly dependent on international trade and finance. Hong Kong is one of the world’s top-rated international financial centers. The country also has low taxation rates. The economy of Hong Kong ranks number one in terms of the degree of economic freedom. Hong Kong has ample reserves of foreign exchange, little public debt, and an efficient legal system. Hong Kong port is one of the largest in the world in terms of container throughput. There is an abundant supply of cheap and skilled labor in Hong Kong. The SAR also earns huge revenue from the tourism sector.