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The Joint Declaration assures The fundamental legislation for 50 decades after the transfer of sovereignty.[seventy five] it doesn't specify how Hong Kong are going to be ruled immediately after 2047, along with the central federal government's function in figuring out the territory's long run program of presidency is the topic of political debate and speculation.

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Elizabeth II's portrait disappeared from banknotes, postage stamps and general public offices. As of 2017, some pre-1997 cash and banknotes remain legal tender and therefore are in circulation.

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All travellers amongst Hong Kong and China and Macau have to go through border controls, despite nationality.[116] Mainland Chinese citizens would not have correct of abode in Hong Kong and are topic to immigration controls.[117] community finances are taken care of independently through the countrywide authorities; taxes levied in Hong Kong will not fund the central authority.[118][119]

To decrease the trade imbalance, the British bought huge amounts of Indian opium to China. Faced with a drug disaster, Qing officers pursued at any time additional intense steps to halt the opium trade.[fifty seven]

food items in Hong Kong is primarily dependant on Cantonese cuisine, Regardless of the territory's exposure to foreign influences and its residents' various origins. Rice is definitely the staple foodstuff, and is usually served plain with other dishes.[268] Freshness of ingredients is emphasised. Poultry and seafood are commonly offered live at damp markets, and substances are utilized as speedily as possible.

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By the early 19th century, the British Empire trade was heavily dependent upon the importation of tea from China. whilst the British exported to China luxury items like clocks and watches, there remained an overwhelming imbalance in trade.

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Hong Kong is a Specific administrative location of China given that 1997, with govt, legislative, and judicial powers devolved within the countrywide federal government.[90] The Sino-British Joint Declaration delivered for financial and administrative continuity throughout the transfer of sovereignty,[75] causing an executive-led governing process mostly inherited within the territory's background being a British colony.

The territory's jurisdictional independence is most clear in its immigration and taxation procedures. The Immigration Department problems passports for permanent citizens which differ from People of your mainland or Macau,[115] and the area maintains a regulated border with the rest of the place.

[216] the town has the second-highest number of corporate headquarters in the Asia-Pacific area.[217] Hong Kong is usually a gateway for overseas direct investment in China, supplying traders open usage of mainland Chinese marketplaces by means of immediate inbound links With all the Shanghai and Shenzhen stock exchanges. The territory was the very first market place exterior mainland China for renminbi-denominated bonds, and is without doubt one of the biggest hubs for offshore renminbi buying and selling.[218]

Hong Kong retains a separate international dialling code (+852) and telephone numbering approach from that on the mainland. phone calls among Hong Kong and also the mainland still require Global dialling.