Hong Kong is a special administrative region of [[China]] operating under the "one country, two systems" principle until 2047. Its highly developed, service-oriented economy is known for its free market policies, low taxation, and role as a major global financial center. Key economic strengths include financial services, trading and logistics, tourism, and professional services. The territory maintains its own currency (Hong Kong Dollar) pegged to the US dollar, and serves as a gateway between mainland China and global markets. Despite its small size, Hong Kong has outsized influence as an international financial hub.