How Hong Kong is home to the crazy rich and the mega poor

by Aug 13, 2022Economics, Videos

Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China, is a city and special administrative region of China on the eastern Pearl River Delta in South China.
According to statistics, it is home to 434,000 multimillionaires, making up to 7.4% of the adult population between 21 and 79 years. That means one in 13 people living in the city is a multimillionaire.
The economic strength of Hong Kong includes a sound banking system, a strong legal system, ample foreign exchange reserves, and virtually no public debt.
Yet, despite all of it, it is home to some ultra-rich people and poor people. In fact, according to statistics, 1 in 4 people still live in poverty.
Why is the gap so extreme? This documentary takes a look.

About Riyan H.