Hong Kong Company Registration Service
Hotline: 86-755-82143422 Email: anitayao@citilinkia.com
Hong Kong's population recovered quickly after the war, as a wave of skilled migrants from China flooded into Hong Kong for refuge from the Chinese Civil War (1945-49). When the peasant communists gained control of Peking and removed the democractic Republic of China, even more skilled migrants fled to Hong Kong, across the open border, for fear of persecution. Many established corporations and small to medium businesses, especially those based in major port cities of Shanghai and Canton, shifted their base operations to British Hong Kong.
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End to Open Border: the 1950s
The Communist Party's establishment of a totalitarian state in China on 1 October 1949 caused the British colonial government to reconsider Hong Kong's open border to China. In 1951, a boundary zone was demarked as a buffer zone against military attacks from communist China. Border posts in the north of Hong Kong began operation in 1953 to regulate the movement of people and goods into and out of British Hong Kong.
In the 1950s, Hong Kong's rapid industrialisation was driven by textile exports, manufacturing industries and re-exports of goods to China. As the population grew but labour costs remained low, living standards began to rise steadily. Corruption and ineffiency of public services, however, were widespread even among the police and firefighters. The construction of council housing, Shek Kip Mei Estate, in 1953 was a response to the massive slum fire in the same locality. This marked the beginning of the public-housing estate programme in Hong Kong to provide shelter for the less privileged and cope with the recent influx of immigrants.
Water Shortage in the 1960s
Between 1961 and 1964, droughts occurred for consecutive years in Hong Kong. The water supply from local reservoirs became insufficient due to low amounts of annual rainfall. Water rationing occurred in 1961, 1963 and 1964; the crisis became more severe in 1964, when water supply was available for 4 hours on every 4 day.
Reform and Renaissance: the 1970s
Under Sir Murray MacLehose, 25th Governor of Hong Kong (1971–82), a series of reforms improved the public services, environment, housing, welfare, education and infrastructure of Hong Kong. MacLehose was the longest-serving governor and, by the end of his tenure, has become one of the most popular and well-known figures in the Crown Colony. MacLehose laid the foundation for Hong Kong's elevated role across the globe: in the 1990s as the Pearl of the East, one of the three global financial centre (along with New York and London), a regional hub for logistics and port freight, a regional centre of films and pop songs, and one of the Four Asian Tigers (or Dragons.
Contact us
For further queries about investment in Hong Kong, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com