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The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [15] [16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [17] and is pegged to the US dollar.
The following is a Forbes list of Hong Kong billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine on April 4, 2023. [ 1 ] 2023 Hongkongers billionaires list
The Four Asian Tigers (also known as the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. [ 1] Between the early 1950s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year.
Countries by total wealth, 2022 (2023 publication) National net wealth , also known as national net worth , is the total sum of the value of a country's assets minus its liabilities . It refers to the total value of net wealth possessed by the residents of a state at a set point in time. [ 1 ]
Per Knight Frank's Wealth Report (2018) [4] [5] Rank Country/Territory Number of billionaires World: 3,381 1 United States: 585 2 Mainland China: 373 3 Germany: 123 4 India: 119 5 Russia: 101 6 Hong Kong: 64 7 United Kingdom: 54 8 Canada: 46 9 South Korea: 44 10 Italy: 43 11 France: 40 12 Switzerland: 36 13 Japan: 35 Taiwan: 35 14 Australia: 34
Hong Kong[e]is a special administrative regionof the People's Republic of China. With 7.4 million residents of various nationalities[f]in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated territoriesin the world. Hong Kong was established as a colony of the British Empireafter the Qing dynastyceded ...
Countries by median wealth ( US dollars) per adult. From 2021 publication of Credit Suisse. This is a list of countries of the world by wealth per adult or household, from sources such as UBS 's annual Global Wealth Databook [1] and the OECD 's Better Life Index. [2] Wealth includes both financial and non-financial assets.
The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 per cent of the world's investment in special purpose entities, which are often set up for tax reasons.