One country, two systems

Discovering and realising new opportunities in Asia

Tuesday, November 23, 2021 - 5:30am

HONG KONG, Nov 23, 2021 - (ACN Newswire) - In order to strengthen the longstanding relationship between Hong Kong and UK businesses, the "Discovering and Realising New Opportunities in Asia" signature webinar was held last Thursday, 18 November, hosted by the Hong Kong Trade Development Council (HKTDC) and co-organised by the British Chamber of Commerce in Hong Kong.

Key Points: 
  • HONG KONG, Nov 23, 2021 - (ACN Newswire) - In order to strengthen the longstanding relationship between Hong Kong and UK businesses, the "Discovering and Realising New Opportunities in Asia" signature webinar was held last Thursday, 18 November, hosted by the Hong Kong Trade Development Council (HKTDC) and co-organised by the British Chamber of Commerce in Hong Kong.
  • In his opening remarks, Dr Lam said: "In 2020, Hong Kong was the UK's 12 largest trading partner in the world and the second largest in Asia, after Mainland China.
  • Over US$6 billion of trade between the UK and Mainland China is routed through Hong Kong.
  • If you're able to succeed in Hong Kong, this actually creates much more opportunity within the GBA and Southeast Asia."

Macao Blusea Digital Asset Exchange - Exploring the Ocean of the Digital Economy

Monday, September 13, 2021 - 1:47pm

Coincidentally, it was also in 2009 that Satoshi Nakamoto invented Bitcoin and opened the Pandora Box of the digital economy.

Key Points: 
  • Coincidentally, it was also in 2009 that Satoshi Nakamoto invented Bitcoin and opened the Pandora Box of the digital economy.
  • As a next-generation metaverse exchange, BluSea is not only involved in NFT and DeFi, but also supports the digitalization of assets.
  • Not restricting its business to digital artworks or game NFTs, BluSea understands the game-changing potential of real-world asset digitalization.
  • With support from the state, BluSea Exchange as well as the Macau International Brand Exchange will continue to focus on developing the digital economy to empower the real economy.

The First Aollywood International TV Series Festival—the Golden Daylily Awards Announced the Winners in Macao, China

Friday, August 13, 2021 - 10:23am

The first Aollywood International TV Series Festivalthe Golden Daylily Awards Announced the winners in Wynn Palace.

Key Points: 
  • The first Aollywood International TV Series Festivalthe Golden Daylily Awards Announced the winners in Wynn Palace.
  • The 100 committee members of the Aollywood TV Series Director Association, the Aollywood TV Series Screenwriter Association and the Aollywood TV Series Actor Association evaluated and selected the nominees.
  • The awards selection focuses on the outstanding national TV Series in the history of the Chinese TV industry.
  • It is a Aollywood International TV Series Festival held annually and registered in Macao and based in GuangdongHong KongMacao Greater Bay Area of China.

Hong Kong: Council expresses grave concern over national security law

Wednesday, July 29, 2020 - 4:03pm

Following an initial discussion in the Foreign Affairs Council on 13 July 2020, the Council today adopted conclusions expressing grave concern over the national security legislation for Hong Kong adopted by the Standing Committee of Chinas National Peoples Congress on 30 June 2020.

Key Points: 
  • Following an initial discussion in the Foreign Affairs Council on 13 July 2020, the Council today adopted conclusions expressing grave concern over the national security legislation for Hong Kong adopted by the Standing Committee of Chinas National Peoples Congress on 30 June 2020.
  • The conclusions restate the EU's support for Hong Kongs high degree of autonomy under the One Country, Two Systems principle, and its solidarity with the people of Hong Kong, whilst setting out a coordinated response package of measures in various fields.
  • These include among others:

    Lastly the conclusions call for a review of the implementation of the national security law and of the impact of the EU response package before the end of the year.

Safeguarding national security, restoring prosperity and stability in Hong Kong

Wednesday, July 8, 2020 - 2:00pm

Hong Kong is a special administrative region of China, and the Chinese government has the power to safeguard national security there.

Key Points: 
  • Hong Kong is a special administrative region of China, and the Chinese government has the power to safeguard national security there.
  • Since its return to the motherland, Hong Kong has retained its capitalist system, and implemented the policies of "the people of Hong Kong governing Hong Kong" and a high degree of autonomy.
  • To end the chaos and restore peace and stability in Hong Kong, the central government had to "tailor" the national security law for Hong Kong.
  • The law on safeguarding national security in Hong Kong does not end the policy of "one country, two systems."

Fraser Institute News Release: International group of think tanks denounces China’s encroachment on Hong Kong in open letter

Friday, July 3, 2020 - 10:00am

On Tuesday, Chinas National Peoples Congress passed its controversial national security law, which violates Hong Kongs Basic Law and encroaches on the citys freedoms and liberties.

Key Points: 
  • On Tuesday, Chinas National Peoples Congress passed its controversial national security law, which violates Hong Kongs Basic Law and encroaches on the citys freedoms and liberties.
  • The letter condemning the Communist Party of Chinas actions is signed by 37 member organizations of the Economic Freedom of the World Network , which is led by Canadas Fraser Institute.
  • The recent large scale arrests, and the Communist Party of Chinas encroachment on Hong Kong, is in direct violation of the one nation, two systems principle that China agreed to when Hong Kong came under Chinese rule in 1997.
  • The people of Hong Kong deserve international support in their fight to preserve the one nation, two systems tradition.

Declaration by the High Representative, on behalf of the European Union, on the announcement by China’s National People’s Congress spokesperson regarding Hong Kong

Saturday, May 23, 2020 - 8:01am

On 21 May, a spokesperson for Chinas National Peoples Congress announced that the upcoming NPC session will deliberate on a draft bill to establish and improve the legal framework and enforcement mechanism in order to safeguard national security in Hong Kong.

Key Points: 
  • On 21 May, a spokesperson for Chinas National Peoples Congress announced that the upcoming NPC session will deliberate on a draft bill to establish and improve the legal framework and enforcement mechanism in order to safeguard national security in Hong Kong.
  • The European Union has a strong stake in the continued stability and prosperity of Hong Kong under the One Country Two Systems principle.
  • It attaches great importance to the preservation of Hong Kongs high degree of autonomy, in line with the Basic Law and with international commitments, as well as to the respect for this principle.
  • The EU will continue to follow developments closely.

Hong Kong: No double standard in safeguarding national security

Friday, May 22, 2020 - 2:00pm

No country in the world would turn a blind eye to behaviors that endanger its national security.

Key Points: 
  • No country in the world would turn a blind eye to behaviors that endanger its national security.
  • However, double standard should not be tolerated in the matter of safeguarding national security.
  • The draft decision of the NPC aims at closing Hong Kong's legal loopholes in an effort to better safeguard national security.
  • Only with overall national security of the country, can Hong Kong's security and freedom be better guaranteed, and the principle of "one country, two systems" be truly implemented.

Macao proves success of 'one country, two systems' for 20 years

Thursday, December 19, 2019 - 2:00pm

On Dec. 20, 1999, Macao was officially returned to the motherland by Portugal.

Key Points: 
  • On Dec. 20, 1999, Macao was officially returned to the motherland by Portugal.
  • However, unlike Hong Kong, now experiencing a serious test, Macao has remained prosperous and stable.
  • Today, Macao is one of the world's fastest growing economies, and has one of the world's highest levels of per capita GDP.
  • In the past 20 years, Macao's success in implementing "one country, two systems" has proven that the policy is correct and vibrant.

Hong Kong: the Joint Declaration

Saturday, July 6, 2019 - 3:00pm

Friday, July 5, 2019The UK Government’s response to the recent protests in Hong Kong has drawn attention to the 1984 Sino-British Joint Declaration. This briefing paper explores what the Declaration is and concerns about its status.

Key Points: 


House of Commons Library

Hong Kong: the Joint Declaration


    The UK Government’s response to the recent protests in Hong Kong has drawn attention to the 1984 Sino-British Joint Declaration. This briefing paper explores what the Declaration is and concerns about its status.

How did the Declaration come about?

    • British rule over Hong Kong dates to the 19th century, when Hong Kong island was cededto Great Britain by China after the first Opium War in 1842.
    • Further territory was added after the second Opium War and in 1898, when Great Britain obtained the New Territories on a 99-year lease.
    • On 19 December 1984 the UK Government and the Government of the People's Republic of China (PRC) signed The Sino-British Joint Declaration on the Question of Hong Kong.On 1 July 1997 the UK transferred sovereignty over Hong Kong to thePRC.

"One country, Two systems": what does the Joint Declaration say?


    The principle ‘One country, Two systems’ underpins the Declaration although the term is not explicitly used in the Declaration. The Hong Kong Special Administrative Region (SAR) will be directly under the authority of the People’s Republic of China but will enjoy a “high degree of autonomy” and its social and economic systems and lifestyle will remain unchanged for fifty years.

Is the declaration legally binding?

    • TheUK Government is clear that the Joint Declarationis a legally binding treaty, registered with the United Nations, which continues to remain in force.Itremains as valid today as it did when it was signed over thirty years ago.
    • The Foreign Secretary reaffirmed this on the 22nd anniversary of the handover when he declared the UKs commitment to the Declaration as unwavering.
    • Since 1997 the Foreign Secretary has reported to Parliament at six-monthly intervals on the implementation of the Joint Declaration.
China challenges the status of the Joint Declaration
    • Chinese officials have, in recent years, challenged the status of the Joint Declaration.
    • TheForeign Affairs Committee noted comments by Chinese Foreign Ministry officials in 2017 suggesting the arrangements under the Joint Declaration are now history and described it as ridiculous for the UK to pose itself as a supervisor on Hong Kong affairs.
    • This view was repeated more recently following UK Government concerns about the police response to protests in June-July 2019.
    • Our clear view is that the Sino-British joint declaration of 1984 obliges the Chinese Government to uphold Hong Kongs high degree of autonomy, and its rights and freedoms, and we call on the Chinese Government to do so.
    • The Vienna Convention on the Law of Treaties, to which both the UK and China are States Parties, provides only for the suspension of the operation of a treaty in the event that it is breached.
    • The UK Government has assessed there has been one serious breach of the Joint Declaration.
    • This was in 2015 and relates to the involuntary removal British citizen and Hong Kong bookseller Lee Po from Hong Kong to mainland China.

'One country, one system?': Concerns about Hong Kong's autonomy

    • The protests against the extradition bill in June and July 2019 reflect fears that Hong Kong's autonomy and freedoms are at risk.
    • These have been catelogued by the UK Government in its six-monhtly reports to Parliament.
    • In 2017 the FCO reported "Hong Kong's high degree of autonomy is under increasing pressure".
    • Commentators have alsocommented on theerosion of political and media liberties in Hong Kong.

The extradition law protests

    • OnSunday 9 Juneprotestors took to the streets of Hong Kong to oppose a draft amendment to extradition laws.
    • The law would allow the extradition of individuals from Hong Kong to mainland China.
    • Critics fear the law would enable the Chinese government to pursue political opponents.
    • On2 Julyprotestors broke into the Parliamentary building, the LegCo, and draped a colonial-era Hong Kong flag on the podium.