BANKING, FINANCE AND INVESTMENT – HONG KONG OFFSHORE BANK ACCOUNT
Hong Kong’s economy is based mostly in international trade. China’s new connection to Hong Kong can be seen in increased trade, tourism, and financial partnerships. Almost half of Hong Kong’s trading practices are with China. Hong Kong’s currency is matched to the US dollar based on earlier agreements. It is the third-largest financial center in the world.
Fiscal year: 1 April – 31 March
ADB, APEC, BIS, ICC, IHO, IMF, IMO (associate), IOC, ISO (correspondent), ITUC, UNWTO (associate), UPU, WCL, WCO, WMO, WTO
The Hong Kong Stock Exchange has greatly benefited from Chinese firms’ desires to be listed “abroad.” Over half of the Exchange’s market capitalization comes from Mainland China.
Market value of publicly traded shares: $2.97 trillion (2007 est.)