What are the reasons for the economic prosperity of Hong Kong and Singapore?

Capitalism is the main reason, and it is freer than socialism in economic development.

Secondly, because Hong Kong was a colony at that time and Britain was strong and developed, it naturally boosted Hong Kong's economy.

In addition, now that Hong Kong is a special administrative region, national policies will also support it.

There is also the geographical location near the sea, which is definitely beneficial to transportation and trade.

Ps: Many wealthy mainland businessmen will go to Hong Kong, because capitalism is relatively free, and there are many high-end Hong Kong stars there. There are also many mainland stars who go to Hong Kong to open fashion shops.

As for Singapore, first of all, it is a relatively peaceful and harmonious island country and attaches great importance to education. Just look at many foreign students from China who choose to study in Singapore.

Overseas Chinese immigrants are mostly wealthy businessmen, and the city-state covers a small area and has a simple structure.

In terms of climate, the four seasons are pleasant, and tourism is very developed in this respect.

Geographically, it is close to the Straits of Malacca, with convenient transportation, trade and shipping, excellent trading port and its well-known sanitation, good legal environment for government policies and abundant support for tourism.

I am a liberal arts student, and I wrote them all by myself. It may not be comprehensive, but the above can be used as a reference.

I hope it helps you ~