ARTICLE · 05 AUGUST 1998

Company Law & Administration - Introduction

Asiaciti Trust Hong Kong Limited

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Location of Hong Kong

Hong Kong is located in the South China Sea, off the south east coast of the People's Republic of China. Local time is 13 hours ahead of New York, seven hours ahead of Zurich, eight hours ahead of London and one hour behind Tokyo. Hong Kong has an international airport with daily flights to most major cities around the world.

Political environment in Hong Kong

Hong Kong is presently a British colony. Pursuant to the signing of a Joint Declaration by Britain and the China in 1984, the sovereignty of Hong Kong will be returned to the People's Republic of China ("PRC") on 1 July 1997. Thereafter, Hong Kong will become a Special Administrative Region of the PRC, governed under the Basic Law and the "one country, two systems" principle for a further period of 50 years.

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