Hong Kong Central District, the central business district of Hong Kong, was commonly known as part of Victoria City. It is an area on the north shore of Hong Kong Island in Hong Kong, located across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula. It is the central business district of Hong Kong, and many multinational financial services corporations have their headquarters in the area. Consulates general and consulates of many countries are also located in this area, as is Government Hill, the site of the government headquarters. The area, with its proximity to Victoria Harbour, has served as the centre of trade and financial activities from the earliest day of British colonial era in 1841, and continues to flourish and serve as the *istrative centre after the transfer of sovereignty to China in 1997. The area was the heart of Victoria City, although that name is rarely used today.