Hong Kong is a highly attractive place to do business and consistently heads the Index of Economic World Rankings. Hong Kong has experienced continued growth and popularity with major worldwide Corporations listing on its Stock Exchange and compares very favourably to the leading financial centres of New York, London and Tokyo. It is internationally recognised as the gateway to conducting business in China due to its geographical proximity and its cultural similarities which is further enhanced by its excellent financial and legal infrastructure.
As of 1st July 1997, Hong Kong became a Special Administrative Region (HKSAR) of the People’s Republic of China after the British Government formally handed over sovereignty. The legal system of Hong Kong is English common law supplemented by locally enacted Ordinances. There is a bilingual legal system with Ordinances being translated into Chinese, however English will continue to prevail. Under the “One Country – Two Systems” philosophy, Hong Kong has executive, legislative and independent judicial power.