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ARTICLE · 29 NOVEMBER 2000

Hong Kong After 1997 And China’s Entry Into WTO

British Virgin IslandsStrategy
Susan Kan
Susan Kan

A lot of people in the West might think that after the handhover Hong Kong is just another Chinese City. Hong Kong has changed very little after 1997. The One Country, Two Systems extends to almost every aspect of doing business in Hong Kong, from transparency and rule of law to currency. Not surprisingly so China wants to ensure that Hong Kong continues to prosper.

Hong Kong’s currency, availability of information, infrastructure, freedom of speech and the government’s attitude to non-intervention in business have been maintained since the changeover. The currency is still pegged to the USD Dollar and freely convertible, the legal and judicial systems carry over from their British antecedents, and information flows freely.

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