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Hong Kong

As one of the world's leading international financial centres, Hong Kong’s service-oriented economy is characterized by low taxation, near-free port trade and well-established international financial market. The currency, the Hong Kong dollar, is legally issued by three major international commercial banks, and pegged to the US Dollar Interest rates are determined by the individual banks in Hong Kong to ensure it is market-driven only and in Hong Kong there is no Central Bank nor any financial system similar to the Federal Reserve System in the US (for more, see Exchange Bank Association) and foreign investments to the financial market in Hong Kong are supervised and inspected by the Hong Kong Monetary Authority when destabilizing factors attempt to hit the financial market of this Special Administrative Region of People's Republic of China. Electronic finance trading is evolutionarily impacting the financial market of Hong Kong.

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  Economy of Hong Kong
Currency Hong Kong dollar (HKD)
Fiscal Year 1 April – 31 March
GDP (PPP) $325.755 billion (2011 est.)
GDP (per capita) HK$246,733 (US$31,757; 2010
Exports $390.4 billion (2010)
Imports $433.5 billion (2010)
Main Industries textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks
Export Goods machinery, electrical products, data processing equipment, apparel, textile, steel, mobile phones
Import Goods machinery, equipment, oil, mineral fuels, plastics, LED screens, data processing equipment, organic chemicals, steel, copper, optical and medical equipment.
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