Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China, is a special administrative region on the eastern side of the Pearl River estuary in southern China. With over 7.4 million people of various nationalities in a 1,104-square-kilometer (426 sq mi) territory, Hong Kong is the world’s fourth most densely populated region.
Hong Kong became a colony of the British Empire after Qing China ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War, and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The territory was returned to China when the lease expired in 1997. As a special administrative region, Hong Kong’s system of government is separate from that of mainland China and its people overwhelmingly identify as Hongkongers rather than Chinese.
Originally a sparsely populated area of farming and fishing villages, the territory has become one of the world’s most significant financial centers and commercial ports. It is the world’s seventh-largest trading entity, and its legal tender (the Hong Kong dollar) is the world’s 13th-most traded currency. Although the city has one of the highest per capita incomes in the world, it has severe income inequality.
The territory has the largest number of skyscrapers in the world, most surrounding Victoria Harbor. Hong Kong ranks seventh on the UN Human Development Index, and has the sixth-longest life expectancy in the world.
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