Commerce

Commerce is the activity of buying and selling of goods and services, especially on a large scale or quantity. The system includes legal, economic, political, social, cultural and technological systems that are in operation in any country or internationally. Thus, commerce is a system or an environment that affects the business prospects of economies. It can also be defined as a component of business which includes all activities, functions and institutions involved in transferring goods from producers to consumers.

History

Some commentators trace the origins of commerce to the very start of communication in prehistoric times. Apart from traditional self-sufficiency, trading became a principal facility of prehistoric people, who bartered what they had for goods and services from each other. Historian Peter Watson dates the history of long-distance commerce from circa 150,000 years ago.

In historic times, the introduction of currency as a standardized money, facilitated a wider exchange of goods and services. Numismatists have collections of these monetary tokens, which include coins from some Ancient World large-scale societies, although initial usage involved unmarked lumps of precious metal.

International Commerce Centre

The International Commerce Centre (Chinese: 環球貿易廣場) (abbreviated ICC) is a 108-storey (see below), 484 m (1,588 ft) commercial skyscraper completed in 2010 in West Kowloon, Hong Kong. It is a part of the Union Square project on top of Kowloon Station. It is the world's ninth tallest building by height, world's fourth tallest building by number of floors, as well as the tallest building in Hong Kong.

Notable amenities include The Ritz-Carlton, Hong Kong hotel and an observatory called Sky100.

The ICC faces the second-tallest skyscraper in Hong Kong, the 2 International Finance Centre (IFC) directly across Victoria Harbour in Central, Hong Kong Island. IFC was also developed by Sun Hung Kai Properties, along with another major Hong Kong developer, Henderson Land.

Development

MTR Corporation Limited and Sun Hung Kai Properties, Hong Kong's metro operator and largest property developer respectively, were responsible for the development of this skyscraper. Known in development as Union Square Phase 7, its current name was officially announced in 2005. The International Commerce Centre was completed in phases from 2007 to 2010. The tower opened in 2011, with the Ritz-Carlton opening in late March and the observatory in early April.

Hong Kong

Hong Kong (香港; "Fragrant Harbour"), officially Hong Kong Special Administrative Region of the People's Republic of China, is an autonomous territory on the southern coast of China at the Pearl River Estuary and the South China Sea. Hong Kong is known for its skyline and deep natural harbour. It has a land area of 1104 km² and shares its northern border with Guangdong Province of Mainland China. With around 7.2 million inhabitants of various nationalities, Hong Kong is one of the world's most densely populated metropolises.

After the First Opium War (1839–42), Hong Kong became a British colony with the perpetual cession of Hong Kong Island, followed by Kowloon Peninsula in 1860 and a 99-year lease of the New Territories from 1898. Hong Kong remained under British control for about a century until the Second World War, when Japan occupied the colony from December 1941 to August 1945. After the Surrender of Japan, the British resumed control. In the 1980s, negotiations between the United Kingdom and the China resulted in the 1984 Sino-British Joint Declaration, which provided for the transfer of sovereignty of Hong Kong on 30 June 1997. The territory became a special administrative region of China with a high degree of autonomy on 1 July 1997 under the principle of one country, two systems. Disputes over the perceived misapplication of this principle have contributed to popular protests, including the 2014 Umbrella Revolution.

Kong

Kong may refer to: