Hong Kong was one of economic tigers in Asia before it was reunited with China. The other countries which are considered as Asian economic tigers are Taiwan, Singapore and South Korea due to their rapid industrialization and technological development and innovation between 1950 to the early 1990. Hong Kong’s sovereignty was transferred to China by the United Kingdom on July 1, 1997 which marked as the end of the British administration in Hong Kong.
It has an area of 1,104 square kilometers and a total population of more than 7 million people and is currently part of the following organizations and groups: World Trade Organization (WTO), Asia-Pacific Economic Cooperation (APEC), Asian Development Bank (ADB) and South East Asian Central Banks (SEACEN).
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