The economic implications of the reunification of Hong Kong with China.(Symposium: Hong Kong's Reintegration into the People's Republic of China) Vanderbilt Journal of Transnational Law | October 1, 1997| | COPYRIGHT 1997 Vanderbilt University, School of Law. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

I. INTRODUCTION

On July 1, 1997, Hong Kong reunified with China, ending 156 years of British colonial rule. This reunification took place under the concept of "one country, two systems," a concept unprecedented in history. According to the Sino-British Joint Declaration signed in 1984, China promises to maintain the status quo of Hong Kong for fifty years by establishing a highly autonomous "special administrative region" (hereinafter Hong Kong SAR) in Hong Kong.(1) Specifically, Hong Kong is to maintain the existing British-style legal system, establish its own ...

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