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CEPA II
CE Addresses Economic Summit
HK Athletes Praised
HK a Top Destination for FDI
Brand HK Kite Graced Toronto Sky
Hong Kong Airport Geared Up
HK Welcomes China Olympic Medallists
HK’s constitutional development reiterated
HK – World’s Freest Economy
CE Welcomes New Investors
CE Comments on BL23
Legislation Against Racial Discrimination Consulted

An agreement reached on August 27 by the Hong Kong Special Administrative Region (HKSAR) Government and the Central People’s Government (CPG) will launch a second phase of the Mainland and Hong Kong Closer Economic Partnership Arrangement, known as CEPA II, effective January 1, 2005. [more...]

Hong Kong’s Chief Executive, Mr Tung Chee Hwa, spoke of Hong Kong’s past and future in a speech for the Hong Kong Economic Summit: Leveraging on the Mainland and Engaging Ourselves Globally, held on August 23, 2004. [more...]

At the Welcome Home Ceremony for the Hong Kong SAR Delegation to the Olympic Games, the Hong Kong Chief Executive, Mr Tung Chee Hwa, praised the 33-strong group’s can-do spirit and told them, “Hong Kong people are proud of you all.” [more...]

Hong Kong retained its position as Asia's second largest destination for foreign direct investment (FDI), according to the World Investment Report 2004, released September 23 by the United Nations Conference on Trade and Development (UNCTAD). The SAR also retained its position as second to the Mainland in FDI inward stock, with a total higher than the next five Asian markets combined. [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.