Its economy is governed under positive non-interventionism, and is highly dependent on international trade and finance. For this reason it is regarded as among the most favorable places to start a company. In fact, a recent study shows that Hong Kong has come from 998 registered start-ups in 2014 to over 2800 in 2018, with eCommerce (22%), Fintech (12%), Software (12%) and Advertising (11%) companies comprising the majority. Hong Kong's economic strengths include a sound banking system, ample foreign exchange reserves and close ties with mainland China. The Hong Kong Stock Exchange is a favourable destination for international firms and firms due to Hong Kong's highly internationalised and modernised financial industry, proximity to Mainland China, along with its capital market, regulations and available financial tools.