Hong Kong is ranked as the 3rd most expensive city in Asia after Tokyo and Seoul with the costs of accommodation, food and schooling (if you have children) being the three primary items of expenditure
Accommodation costs are likely to be the largest outgoing; imported foods are also relatively expensive, then there is schooling. Many people prefer to do without a car as the public transport system is so efficient and effective yet, if you do decide to buy a car, the costs of parking alone (both at home and in the office), may be as much as car repayments in some other countries.
As one of the world’s leading international financial centres, most of the world’s largest or most well known (and some not so well known) banks (Citibank, Barclays, Deutsche Bank) have a presence in the city. Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and the Hong Kong dollar is in the top 10 of the world’s most traded currencies.
Hong Kong is a recognised global centre of trade, and has one of the largest, busiest container ports in the world.