Press room Home HLB International 中文
Foreword
Introduction
About HLB International
General Information
Trade, Monetary, Financial & Legal System
Statutory Audit Requirements
Hong Kong Tax Structure
Setting up Companies in Hong Kong
Listing on the Hong Kong Stock Exchange
Doing Business in HK
General Information
Geography and History

Hong Kong as a territory is a small outcrop of China, part island and part mainland, south of Guangzhou (formerly known as Canton). The total land area of Hong Kong is approximately 1,106 sq. kilometres, of which around 10%, comprising Hong Kong Island itself, some of Kowloon and some outlying islands were ceded to the British Government in perpetuity under the Treaty of Nanking. The remaining land area, being the remainder of Kowloon, the New Territories and the other islands, was leased from the Chinese Government. For 150 years it was officially a British Crown Colony but in reality had independent government as far as day-to-day administration was concerned.

The leases expired on 1 July 1997 and it was agreed between the British and Chinese Governments that the ceded territory would be returned to China at the same time. From that date on the territory has been administrated as a Special Administrative Region (SAR) of China.

In mid-2018, Hong Kong has a population of 7.4 million, and Hong Kong generated GDP of approximately US$268 billion in 2018. Unemployment rate is around 2.8% in 2018. Chinese and English are the official languages of Hong Kong. English is widely used by the Government, legal, professional and business sectors.

Hong Kong enjoys a sub-tropical climate. Spring can be rather humid and the summer season is rather warm, while in the winter, the temperature can drop to as low as around 10 degrees celsius.