Hong Kong is a Special Administrative Region of the People's Republic of China. It is governed using the principle of 'one country, two systems', under which China has agreed to give the region a high degree of autonomy and preserve its economic, judicial and social systems. Hong Kong's business environment is one of the most highly regarded in Asia due to its fair and transparent legal system and minimal corruption. Moreoever, the region is seen as a business friendly gateway to Mainland China which has helped it attract high levels of foreign direct investment.