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Hong Kong history

 

Hong Kong in the early years was a small fishing village and with the deep anchorage popular as a haven for pirate ships. Hong Kong was used as a naval base by the British during the Opium wars with China that took pace in the 19th Century. In 1842 the Treaty of Nanking was signed with China which gave Britain the rights to Hong Kong.

Conflicts continued with China and in 1860 Britain took over Kowloon and Stonecutters Island and in 1898 Britain signed a 99 year lease for the New Territories. The early years of the modern Hong Kong saw slow development and the population was still only 900,000 in 1931. Most of the population is a result of exiles leaving China after the formation of the Chinese Republic in 1912.

During the late thirties lots of Chinese left China to escape the Sino – Japanese war and the population rose to over 1.5 million as the start of World War 11. Britain surrended to Japan on Christmas Day in 1941 and hell Hong Kong until the surrender of Japan on the 14th August in 1945.

Significant numbers of Chinese came to Hong Kong during 1948 -49 as the Chinese Nationalist Government was starting to lose to the Communists. The United Nations placed a trade embargo on China in the 1950’s which meant Hong Kong had to develop its own industries. This was success due to the cheap labour, and the government polices that encouraged investment and the flow of capital from China.

Hong Kong from the 1950’s onward developed as a major producer of electronics, watches and other goods. Nowadays Hong Kong has lost it competitive advantage for cheap labour and has diversified into financial services.

 

 



 
 

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