Given that the mainland liberalised its economy, Hong Kong's shipping and delivery sector confronted powerful Competitiveness from other Chinese ports. Fifty % of China's trade items had been routed via Hong Kong in 1997, dropping to about thirteen % by 2015.[199] The territory's nominal taxation, frequent-legislation program, and civil provider draw in overseas businesses wishing to ascertain a presence in Asia.
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The territory's jurisdictional independence is most obvious in its immigration and taxation procedures. The Immigration Department concerns passports for lasting people which differ from These of the mainland or Macau,[one hundred and five] along with the location maintains a regulated border with the remainder of the country.
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Whan that aprill along with his shoures soote The droghte of march hath perced to your roote, And bathed every veyne in swich licour Of which vertu engendred will be the flour; Whan zephirus eek with his sweete breeth Influenced hath in each and every holt and heeth Tendre croppes, and the yonge sonne Hath while in the ram his halve cours yronne, And smale foweles maken melodye, That slepen al the nyght with open up ye (so priketh hem nature in hir right here corages); Thanne longen people to goon on pilgrimages, And palmeres for to seken straunge strondes, To ferne halwes, kowthe in sondry londes; And specifically from each and every shires ende Of Engelond, to Caunterbury they wende, The hooly blisful martir for to seke That hem hath holpen, whan which they were seeke. (Geoffrey Chaucer, Canterbury Tales)
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In 2016, InvestHK has create a Fintech group to draw in major progressive Fintech corporations, business people, investors, accelerators, R&D institutions from Mainland and overseas to supporting enterprises to create and grow in Hong Kong.
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