Hong Kong

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What to know before visiting Hong Kong

Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. As of 2021, it is the world's ninth-largest exporter and eight-largest importer. Hong Kong has a market economy characterised by a focus on services, low taxation and free trade; its currency, the Hong Kong dollar, is the eighth most traded currency in the world. Hong Kong is home to the third-highest number of billionaires of any city in the world, the second-highest number of billionaires of any city in Asia, and the largest concentration of ultra high-net-worth individuals of any city in the world. Although the city has one of the highest per capita incomes in the world, severe income inequality exists among the population. Most notably, housing in Hong Kong has been well-documented to experience a chronic persistent shortage; the extremely compact house sizes and the extremely high housing density are the effects of Hong Kong's housing market being the most expensive housing in the world. Hong Kong is a highly developed territory and has a Human Development Index (HDI) of 0.952, ranking fourth in the world. The city has the largest number of skyscrapers of any city in the world, and its residents have some of the highest life expectancies in the world. The dense space has led to a highly developed transportation network with public transport rates exceeding 90%. Hong Kong is ranked 3rd in the Global Financial Centres Index. -Wikipedia

General Info

Time Zone

GMT +08:00

3 hours behind

Currency

Hong Kong Dollar

1USD = 7.80 HKD

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