The British developed a big trade market

in both colonies.
Hong Kong and the 13 colonists needed
to pay the taxes.
Hong Kong colony:
-no special acts to control Hong Kong
economic activities
-The main economic activity was
transit trading.
-The British built good facilities at
Hong Kong, such as companies and
banks, such as HKBC.
-Lower and fewer taxes
-More freedom in trading
The 13 colonies:
-had some acts to control the colonists
economic activities.
e.g. stamp act& sugar act
-discontented with the government that
influenced their economical development
-The main economic activity of:
The New England Colonies -largely farming and
fishing communities
The Middle Colonies-part agriculture, part
industrial, such as produced paper and textiles
The Southern Colonies-almost entirely agricultural
-The British didn’t built any facilities for
helping the colonies finance
 The British built facilities in Hong Kong, such as
The Hong Kong and Shanghai Banking
Corporation Limited

Effects:
It attracted the Europe people to built company in
Hong Kong and traded.
 Type
Subsidiary of HSBC Holdings plc
Founded
1865
The person who built up HSBC

Headquarters
HSBC Main Building, Hong Kong SAR, China
Key people
Vincent Cheng, Chairman
Sandy Flockhart, CEO
Industry
Finance and InsuranceProductsFinancial ServicesEmployees59,300 (including its
subsidiaries)
Website
www.hsbc.com.hk
www.asiapacific.hsbc.com
The HSBC is a example of the facilities that the
British built at Hong Kong.

The HSBC was established to finance the growing

trade between China and Europe (with traded
products including opium), with an office opened
in Shanghai during April of that year.
 Total Exports in Hong Kong

160000
140000
120000
Total
100000
money

Exports
80000
60000 Exports
40000 to U.S.
20000
0
1992 1993 1994
Years

Total Exports (FOB) 119,487/ 135,244/ 150,857

Exports to U.S. (FOB) 27,259/ 31,107/ 35,196

 Total Imports

160000
140000
120000
100000
Total
Years

80000 Imports
60000
Imports
40000
from U.S.
20000
0
1992 1993 1994
Money

Total Imports (CIF) 123,816 139,052 159,909

Imports from U.S. (CIF) 9,119 10,266 11,300

Information
fromhttp://dosfan.lib.uic.edu/ERC/economics/trade_reports/1994/HongKong.html
The economic system in Hong Kong colony is
better than the 13 colonies. The British
developed Hong Kong finance. So, Hong Kong
can be a international trade city nowadays.
Although the Britain make very severe laws to
control us , but they helped us to grow our
trade. So, being a colony maybe isn’t a bad
things. We can see both economic system of
Hong Kong and America depended on Britain.
Its policy cause the main influence on the
colonies.
The economic development was very good
both in Britain and Hong Kong.
The trading of them improved the world
economics.
Their economics was totally depended on the
other countries.
They could accumulate many money.
Colonial Hong Kong: Britain in Industrial
Revolution:
-no needed to have any
production -well development in
production
-well development in
transportation -more freedom in trading

-was controlled by Britain

Government
We can see that when a country have world
trade, they can earn more money than just
trading in the country. Each country have
different advantages that suitable to have
different way to increase money. Such as the
Victoria Harbor of Hong Kong, it is suitable for
being a Freeport.