Average prices in area
Hong Kong ( (listen); Chinese: 香港, Hong Kong Cantonese: [hœ́ːŋ.kɔ̌ːŋ] (listen)), officially the Hong Kong Special Administrative Region of the People's Republic of China and commonly abbreviated as HK, is a special administrative region of China on the eastern side of the Pearl River estuary in southern China. With over 7.4 million people of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is the world's fourth-most densely populated region. Hong Kong became a colony of the British Empire after Qing China ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War, and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The entire territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China. According to a survey in December 2018, despite the territory's current political association with the mainland, most (40.0%) of the population self-identify as "Hongkonger", followed by mixed identities "Hongkonger in China" (26.3%) and "Chinese in Hong Kong" (16.9%). Only 15.1% interviewee self-identified as "Chinese". Lastly, 1.7% of the interviewee did not selected 1 of the aforementioned 4 options or did not voiced their opinion.Originally a sparsely populated area of farming and fishing villages, the territory has become one of the world's most significant financial centres and commercial ports. It is the world's seventh-largest trading entity, and its legal tender (the Hong Kong dollar) is the world's 13th-most traded currency. Although the city has one of the highest per capita incomes in the world, it faces severe income inequality and hosts the largest concentration of ultra high-net-worth individuals of any city in the world.The territory has the largest number of skyscrapers in the world, most surrounding Victoria Harbour. Hong Kong consistently ranks high on the Human Development Index, and has one of the highest life expectancies in the world. Although over 90 per cent of its population uses public transportation, air pollution from neighbouring industrial areas of mainland China has resulted in a high level of atmospheric particulates in the region.