In the 1960s, as the western developed countries were undergoing industrial restructuring, they needed to transfer labor-intensive industries to developing countries and regions. In addition, the Annam War broke out, and even further, until the Korean War broke out in the 1950s. Because of the huge demand brought by the war, Hong Kong Island, a fine and peaceful port at the forefront, enjoyed several waves of benefits, It has made the economy and society develop rapidly and become one of the richest, most economically developed and highest living standards regions in the world.
During the decade from the 1950s to the 1960s, the number of factories on Hong Kong Island increased from 1478 to 1032