|Title of host publication||The Wiley Blackwell Encyclopedia of Urban and Regional Studies|
|Publication status||Published - 15 Apr 2019|
Since its changeover from a British colony to a special administrative region of China in 1997, Hong Kong has experienced great changes in political, economic, and social terms. Heavy blows from the global economic downturns and a widespread local epidemic weakened the economic pillars. At the same time, the role of financial hub has been threatened by competitors like Singapore and Shanghai. The democratization of Hong Kong has resulted in a polarized society. Hong Kong also faces other challenges arising from an aging population, unaffordable house prices, urban sprawl, and wealth inequality.