Hong kong
Hong Kong is officially the Hong Kong Special Administration of the People's Republic of Asia.
Its importance today
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Hong Kong is one of the world's leading international financial centres. Hong Kong has a major capitalist service economy characterized by low taxation and free trade. The currency of Hong Kong is the 8th most traded currency in the world. The lack of space caused demand for denser construction, which developed the city to the centre for modern architecture and the world's most vertical city. Hong Kong has one of the highest per capita incomes in the world. The dense space has also led to a highly developed transportation network with public transport travelling rate excelling 90 percent, highest in the world. Hong Kong is ranked high in its economic freedom, financial and economic competitiveness, quality of life, corruption percent, and Human Development Index. According from estimates from the UN, Hong Kong had the longest life expectancy rate of any region in the world in 2012.