CGTN published this video item, entitled “The Point: Safety of Hong Kong economy” – below is their description.
The U.S. has warned American businesses operating in Hong Kong of heightened risks due to the imposition of the national security law. Can the political U.S. move actually impact business decisions? Will it help U.S. business in Hong Kong, or the other way round? And how’s Hong Kong’s actual financial flow been from mid-2020 to mid-2021?
Guests:
Witman Hung, Deputy from Hong Kong, The 13th National People’s Congress
Liu Baocheng, Professor, University of International Business and Economics
CGTN YouTube Channel
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In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.