Hong Kong can develop its capitalist system only under the framework of the “One China, Two Systems” policy1

Abstract

Hong Kong is an administrative and economic entity under the sovereignty of the People s Republic of China, and has developed to be an international center for finance, trade and shipping for history reasons and international favor. Essentially, the local political system adopted by Hong Kong is that of a non-sovereign state as well as a non-political entity. In terms of its makeup, the political system is neither entirely occidental nor completely oriental but an administrative dominative system developed according to Hong Kong  s peculiar characteristics, which has been proved to be effective. It was true when the United Kingdom held the reins of power and it still continues since its territory was returned to the People s Republic of China.