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Hong Kong Special Administrative Region of the People's Republic
of China is one of the two special administrative regions (SARs)
of the People's Republic of China (PRC), the other being Macau.
It is commonly known as Hong Kong, which is often written
Hongkong in older English-language texts. The Hong Kong
Government officially changed the spelling of Hongkong to Hong
Kong on 3 September 1926.
Hong Kong is on the eastern
side of the Pearl River Delta on the southeastern coast of
China, facing the South China Sea in the south, and bordering
Guangdong Province in the north. It has one of the world's most
liberal economies and is a major international centre of finance
and trade.
Hong Kong was a British colony
from 1842, until its sovereignty was transferred to the PRC in
1997. As a special administrative region, Hong Kong is
guaranteed by the Basic Law to have a relatively high degree of
autonomy until at least 2047, fifty years after the transfer of
sovereignty. Under the "One Country, Two Systems" policy, it
retains its own legal system, currency, customs policy, cultural
delegation, international sport teams, and immigration laws.
For more information:
http://en.wikipedia.org/wiki/Hong_Kong
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