Hong Kong was a British colony until 1997, when it became an autonomous administrative region of the People’s Republic of China. Now, it is a global financial centre, and an extremely attractive business proposition due to its proximity to mainland China and East Asia. Hong Kong’s economy is characterised by free trade, low taxation, and minimal government intervention. It is the world’s eighth largest trading economy. Strong foreign direct investment and the abundant labour force from neighbouring countries make Hong Kong an attractive prospect.