Hong Kong is characterised as being a hybrid of East and West. Common Chinese values emphasising family and education and learning Mix with progressive Western beliefs, including economic liberty and the rule of regulation.[240] Although the overwhelming majority in the inhabitants is ethnically Chinese, Hong Kong has produced a definite identification. The territory diverged in the mainland as a consequence of its extensive period of colonial administration and a distinct rate of financial, social, and cultural enhancement.
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The Hong Kong Jockey Club, the territory's biggest taxpayer,[270] includes a monopoly on gambling and gives above seven percent of presidency income.[271] A few varieties of gambling are lawful in Hong Kong: lotteries and betting on horse racing and football.[270] Media
Chinese national regulation will not normally utilize during the region, and Hong Kong is dealt with to be a separate jurisdiction.[ninety one] Its judicial technique is based on common law, continuing the authorized tradition set up all through British rule.[101] Community courts may make reference to precedents set in English legislation and overseas jurisprudence.
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Tong lau, combined-use tenement structures constructed during the colonial era, blended southern Chinese architectural types with European influences. These have been Specifically prolific in the rapid submit-war period, when lots try this website of had been promptly built to house huge numbers of Chinese migrants.
Cash flow inequality has risen For the reason that transfer of sovereignty, since the region's ageing population has gradually extra to the volume of nonworking men and women.[a hundred seventy five] While median domestic income has steadily elevated in the course of the earlier ten years, the wage hole remains superior;[176] the 90th percentile of earners obtain forty one p.c of all profits.
Since the mainland liberalised its financial system, Hong Kong's shipping and delivery market faced extreme competition from other Chinese ports. Fifty per cent of China's trade merchandise have been routed as a result of Hong Kong in 1997, dropping to about 13 p.c by 2015.[199] The territory's nominal taxation, prevalent-regulation method, and civil assistance attract abroad businesses wishing to determine a existence in Asia.
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Political debates once the transfer of sovereignty have centred across the area's democratic improvement along with the central govt's adherence for the "one particular region, two units" theory. Right after reversal of the final colonial-period Legislative Council democratic reforms subsequent the handover,[seventy six] the regional government unsuccessfully tried to enact countrywide-safety legislation pursuant to Post 23 of The essential Law.
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