Fascinating History of Hong Kong
Hong Kong was forever held by China but was ceded to Britain in 1842, when China’s Qing dynasty was defeated in the First Opium War. Hong Kong has been a central figure in international trade, from its earliest days as a British colony. Chinese refugees flooded the city in early 20th century, and Hong Kong put them to work at manufacturing units as labor.
As mainland China strengthened into a manufacturing and business industry, Hong Kong transformed into a service-based economy and an international financial market. Hong Kong became a Special Administrative Region of the People's Republic of China on 1 July 1997. China allows the city to enjoy its freedom of speech, its capitalist system, independent judiciary and rule of law, while holding the reins.