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Followed by Kowloon in 1860 after the Second Opium War.

The modern territory was completed in 1898 with a 99 year British lease over the New Territories, which comprise 86% of Hong Kong's land.

The British colony became known as a refuge from floods, typhoons, and famines in the region.

Further tensions between the British and Qing over the opium trade escalated into the Second Opium War.

Although European demand for Chinese commodities like tea, silk, and porcelain was high, Chinese interest in European manufactured goods was insignificant, so that Chinese goods could only be bought with precious metals.

To reduce the trade imbalance, the British sold large amounts of Indian opium to China.

It is one of the most significant global financial centres, holding the highest Financial Development Index score and consistently ranking as the most competitive and freest economic area in the world (2012, 2016, 2017).

The Daoguang Emperor rejected proposals to legalise and tax opium, ordering imperial commissioner Lin Zexu to eradicate the opium trade in 1839.

Administrative infrastructure was quickly built by early 1842, but piracy, disease, and hostile Qing policies prevented the government from attracting merchants.

During the Taiping Rebellion in the 1850s, many Chinese, including the wealthy, fled mainland turbulence and settled in the colony, contributing to its economy.

The protests have continued well into August, becoming the largest-scale protest movement in Chinese history, with several street marches known to have attracted more than 1.5 million Hong Kong residents each time.

The Chief Executive is the head of government, and serves for a maximum of two five-year terms.

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