History Hong Kong
There was no hurry and life was going at the normal pace before the arrival of British.
With the raise of union jack on shores in western district, Hong Kong emerged and caught the attention of the world. A permanent base was established and recognized by Captain Charles Elliot, for selling drugs for British Empire.Following Marco Polo's stroll of the Silk Road in the 13th century, traders had thought of becoming richer by using untapped resources. The Imperial Court in Beijing was granted limited trading rights. The Barbarians and tribesmen were left untouched. The British were forced to raise cash for expanding empire.
Development and prosperity did not happen in a fortnight; rather it was a gradual process. In the year 1911, an agreement took place between the British and the Chinese government that brought about an end to the trade of opium.Hong Kong made a speedy progress during the period 1920 to 1930. Though Shanghai rose high in much of East Asia throughout World War I and II but Hong Kong remained backward
Post World War Hong Kong
Hong Kong grew richer and powerful during 1949 and 1950. A large number of talented industrialists, bankers and manufacturers fled Shanghai which resulted in setting up business in Kowloon quarters. The population multiplied and increased in Hong Kong with the result of which Hong Kong became a major industrial centre. At that time large number of industries, mainly construction and textile industries, were set up. The Center for commerce and finance was set up by the people of residential areas like Causeway Bay, Wanchai, and others.
During post war colonial taboo started losing its hold. The Chinese population acquired rights which they did not previously had. In late 1940, nationalist forces got defeated by Chinese population in civil war, which resulted in the migration of a large number of refugees to Hong Kong. The government had to make arrangement, in order to provide them food and shelter.
Latest - Hong Kong
During 1960, Hong Kong emerged as a key manufacturing center but it also faced forthcoming problems related with capitalism. China was considering Hong Kong as its own territory.
Relinquish to China
When the lease of new territories ended in 1997, Hong Kong and China was brought on the negotiation table, which resulted in fiery debate. However it was decided to handover Hong Kong to China, with the status of a special administrative territory.