Six years after the reunification, the principles of 'one country,
two systems','a high degree of autonomy' and 'Hong Kong people running
Hong Kong' have been fully implemented. The Government is determined
to ensure that this remains the case, and it remains committed to
the full and faithful implementation of the Basic Law.
HONG KONG became a Special Administrative Region of the People's Republic
of China (PRC) on July 1, 1997. The Basic law of the Hong Kong Sepcial
Administrative Region (HKSAR) came into effect on the same day. The basic
law prescribes the system to be practised in the HKSAR.
Under the basic law, the HKSAR shall enjoy a high
degree of sutonomy expect in those matters relating to defence foregin
affairs as well as other matters outside the limits of Hong Kong's autonomy.
Under Basic Law, the HKSAR shall exercise executive, legislative and independent
judicial power, including that of final adjudication. The HKSAR's executive
authorities and legislature shall be composed of permanent residents of
Hong Kong. The HKSAR shall remain a free port, a separate customs territory
and an international financial centre and may, on its own, using the name
'Hong Kong, China', maintain and develop relations and conclude and implement
agreements with foreign states and regions and international organisations
in the apporpriate fields, including the economic, trade, financial and
monetary, shipping, communications, tourism, cultural and sports fields.