Hong Kong - The Fragrant Harbour
Hong Kong was ruled by the British Government until it became a Special Administrative Region (HKSAR) of the People's Republic of China (PRC) on 1 July 1997. Hong Kong's company law is based on English common law and is often cited as a shining example of laissez-faire capitalism. The mainland has long been Hong Kong's largest trading partner, accounting for nearly half of Hong Kong's exports by value. The government is deepening its economic interaction with the Pearl River Delta in an effort to maintain Hong Kong's position as the gateway to China.
