According to Henry Hui Wang, Deputy Director of the Economic Department of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region and Director of the Trade Department, when introducing the characteristics and advantages of Hong Kong's economy, he said: 1, Hong Kong's economy is dominated by the service industry. As an international financial, trade and shipping center, Hong Kong has developed into a modern and dynamic service-oriented economy. In 2007, the tertiary industry accounted for 92.3% of GDP, among which finance, insurance, real estate and commercial services accounted for the largest proportion, accounting for 29. 1% of GDP, while wholesale, retail, import and export trade and catering and hotel industries accounted for 26.9% of GDP. The goal of Hong Kong's service industry is not limited to the local area, but to the whole world. The proportion of total service exports to GDP is very high, accounting for 13% of GDP in 2008, reaching $92.5 billion. Export services mainly include transportation services, commercial services, trade-related services and tourism services. 2. Hong Kong is an international financial and investment center. Hong Kong is the fourth largest financial center in the world (according to the latest ranking of the Global Financial Center Index in March 2009), with a sound banking system and about 280 foreign banks and offices operating in Hong Kong. Of the 65,438,000 largest banks in the world, 69 are doing business in Hong Kong. Hong Kong's banking capital adequacy ratio is as high as 15%, ranking first in the world. Hong Kong is one of the most open insurance markets in the world, with 90 foreign insurance companies investing and operating in Hong Kong, accounting for half of the total number of insurance companies in Hong Kong. Of the 20 largest insurance companies in the world, 13 operate in Hong Kong. The securities market is among the best in Asia. Hong Kong is an important fund management center in Asia, and more than 60% of the fund business comes from overseas investment. In 2008, foreign direct investment was US$ 60.7 billion, a year-on-year increase of 1.3%. Hong Kong is the seventh largest stock market in the world and the third largest stock market in Asia. By the end of 2008, there were 126 1 listed companies with a total market value of1323.7 billion US dollars. Hong Kong is also a major fund-raising center for mainland enterprises. In 2008, 465 mainland listed companies raised $36.9 billion. As of March 2009, * * * has 470 mainland enterprises listed in Hong Kong, accounting for 37% of the total number of listed companies in Hong Kong, with a total market value of 665,438+0%. Hong Kong's bank risk management and capital adequacy ratio enjoy a high reputation internationally, and it is the first banking center in the world to provide 1 100 million USD settlement. Hong Kong dollar is the legal tender of Hong Kong. Since 1983, it is pegged to the US dollar and adopts a fixed exchange rate system (1 US dollar: HK$ 7.8). There is no foreign exchange control in Hong Kong. Hong Kong dollars are freely convertible and capital flows freely. Hong Kong is an international trade, shipping and logistics center. Hong Kong is a major entrepot in Asia, and its entrepot value accounts for 97% of its exports, and it undertakes major markets such as China Mainland, the United States, Europe and Japan. With world-class transportation infrastructure such as shipping and air transportation, advanced information management system and world-leading service level, it provides the best supply chain management and logistics services for the whole world, and realizes the best allocation of global resources on the basis of specialization, making Hong Kong one of the busiest container ports and international air cargo centers in the world, and also the most popular logistics center and supply chain base in Asia. At present, there are about 80 international ocean liner routes in Hong Kong, providing more than 400 container ship services every week to more than 500 destinations around the world. More than 70 airlines operate scheduled flights in Hong Kong, with more than 4,500 flights to and from about 65,438+040 destinations around the world every week, covering 2 billion people. Many multinational enterprises take this as the center and provide value-added services such as goods storage, management, distribution, reprocessing and deployment. Kwai Chung Wharf, Hong Kong, the world's largest indoor container handling center, with handling capacity of180,000 TEUs. Since the opening of Hong Kong International Airport 1998, the freight volume has increased at an average annual rate of 1 1%. At present, a large number of manufacturers and their international distributors located in the Pearl River Delta are gradually taking Hong Kong as the supply chain management center, further enhancing the level of Hong Kong as an international logistics and supply chain management center. Hong Kong is a logistics center in the Asia-Pacific region. In 2008, the port container throughput exceeded 24.33 million TEUs, and the air cargo volume and passenger volume reached 3.63 million metric tons and 47 1.4 million passengers respectively. 4. Hong Kong is the operation center of multinational enterprises. Hong Kong is the operation center of enterprises in the Asia-Pacific region. By the end of 2008, foreign enterprises had established 65,438+0,298 regional headquarters, 2,584 regional offices and 2,730 offices in Hong Kong (* * * 6,665,438+02). Hong Kong has become a major procurement center in the Asia-Pacific region. At present, more than 400 purchasing companies around the world have set up purchasing offices in Hong Kong. 1983 regional headquarters or offices of multinational companies in Hong Kong are also engaged in wholesale, retail and import and export trade, selling and purchasing from enterprises in the region. In addition, there are nearly 65,438+10,000 local trading companies in Hong Kong, with comprehensive and professional services, high efficiency, innovation and flexibility. They have established a huge commercial network around the world and become an important platform for the mainland and neighboring countries in East Asia to connect with the world. Hong Kong is an international convention and exhibition center. Since 1997, Hong Kong has been ranked first among the best conference centers in the world. The rental area of exhibitions in Hong Kong is increasing year by year. In 2008, the available exhibition area reached 6.5438+0.33 million square meters, and in 2009 it has increased to more than 6.5438+0.5 million square meters. According to statistics, there were more than 170 large-scale exhibitions and recreational activities held in Hong Kong in 2008. The Hong Kong Trade Development Council has held nearly 30 international trade exhibitions in Hong Kong alone, of which seven are the largest in Asia, such as the world's largest leather exhibition, the world's largest toy and game exhibition, the largest fashion exhibition in Asia, the largest watch exhibition in Asia and the largest gift and furniture exhibition in Asia. Hong Kong has also become the place where mainland enterprises go abroad to participate in the most exhibitions. 6. Hong Kong is the freest and most open economy in the world. The trade volume of Hong Kong is equivalent to nearly 3.5 times of GDP, and it is an internationally famous center of business flow, logistics, capital flow, information flow and talent flow. In 2008, the World Economic Forum's report on global trade promotion ranked 1 18 economies in the Trade Promotion Index, and Hong Kong ranked first in the world. Since 1995, it has been continuously rated as the freest economic system in the world by the American Heritage Foundation. Since 1996, it has been continuously rated as the freest region in the world economy by Cato College of the United States/Fechard Institute of Canada.