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CE resigns
2005-2006 Budget announced
HK ranked world's freest economy again
AsiaWorld-Expo -- A grand success
Entertainment Expo -- a new era
Canadian Film Talents an impetus to HK
HK -- Your “Smart Link” to China
HK plays pivotal role in China’s Growth
HK-China integration creates new chances
Calgary companies urged to leverage CEPA
First HK-Shanghai investment promotion
Philips Casts Vote of Confidence in HK

The Central Government of the People’s Republic of China accepted the resignation of the Chief Executive of the Hong Kong Special Administrative Region, Mr. Tung Chee Hwa, on March 12. The Chief Secretary for Administration, Mr. Donald Tsang, has temporarily assumed the duties of the Chief Executive. [more...]

In his annual Budget, the Financial Secretary of the Hong Kong Special Administrative Region Government, Mr. Henry Tang, has laid foundations to consolidate the current economic recovery through active promotion of social stability and economic development [more...]

Hong Kong was honoured as the freest economy in the world for the 11th consecutive year by the Heritage Foundation (HF), which released its "2005 Index of Economic Freedom" earlier this year. [more...]

AsiaWorld-Expo, Hong Kong's newest and most advanced exhibition and events center, opened its doors to selected guests earlier this year for a preview, so they could see its progress to date. Construction is on track for completion this December. [more...]

Hong Kong became a Special Administrative Region (HKSAR) of the People's Republic of China on July 1, 1997. Hong Kong's constitutional document, the Basic Law, enacted by China's People's Congress, came into effect the same day.

The Basic Law embodies the concept of "One Country, Two Systems" and guarantees a high degree of autonomy with Hong Kong people running Hong Kong in all areas except for foreign affairs and defense.

In particular, it ensures that Hong Kong's capitalist system and way of life under the rule of law will remain unchanged for at least 50 years.

The key provisions of the Basic Law which have been fully implemented in Hong Kong include:
- The laws previously in force in Hong Kong have been maintained, separate from those in the Mainland.
- Continuation of freedom of speech; of the press and publications; of assembly; of religion; of procession and demonstration and the right and freedom to form, join trade unions and to strike.
- Independent finances separate from the Mainland and formulation of Hong Kong' own monetary and financial policies and safeguarding of the free movement of goods, assets and capital.

For details of the Basic Law, click icon "Basic Law" at www.hketo.ca.