Hong Kong (; , , literally "Fragrant Port"), officially The Hong Kong Special Administrative Region of The People's Republic of China, is one of two Special Administrative Regions (SARs) of the People's Republic of China (the other is Macau). It is one of the richest and most highly developed parts of China. Hong Kong grew quickly in the decades after World War II. It is now a famous world class financial center. Hong Kong was one of the last territories of the British Empire before China obtained it and granted it special status in 1997.