scholarly journals An Analysis of the Impact of Dual Crises on Hong Kong’s Financial Development

2021 ◽  
Vol 5 (2) ◽  
pp. 34
Author(s):  
Wang Keyi

According to the GFCI ranking from 2018-2020, Hong Kong fell from third to sixth, surpassing cities in other Asian countries and some inland cities in China. Hong Kong’s marginalization has intensified because of the impact of the new crown epidemic and anti-repair incidents. However, Hong Kong’s marginalization is indeed somewhat inappropriate. As far as the situation is concerned, Hong Kong still has a strong competitiveness, although it is lagging behind, but Hong Kong should think deeply about the strategy and system of “one country, two systems”, believe in the country’s strategic intention and adjust its state in time to re-exclude the public’s understanding of its marginalization.

2019 ◽  
Vol 8 (2) ◽  
pp. 208-216
Author(s):  
Kenneth Ka Lok Chan ◽  
King Man Eric Chong

Purpose The purpose of this paper is to present an analytical framework to examine the impact of international factors on “One Country, Two Systems” in general and Hong Kong’s democratization in particular. Design/methodology/approach The paper has adopted a behavioral approach to identify the agents, mechanisms and observable facets of external–internal interactions. Findings The need for international recognition on the performance of the Hong Kong Special Administrative Region (HKSAR) under Chinese sovereignty has provided external actors with the necessary leverage. Though the impact of the international community has been indirect and limited, the authors have identified two mechanisms – lesson drawing and socialization – whereby the impact of international actors and their actions towards Hong Kong may be subtly felt. Moreover, there are at least three observable facets of external actions which are pertinent to the democracy issue. At the end of day, the external impacts will be determined not by the international actors per se but the balance of power between the domestic actors in Hong Kong. Originality/value There is a scholarly consensus that international factors matter to Hong Kong. But there has been a lack of serious investigation as to why and how they matter. The observable facets of external–internal interactions and the mechanisms identified in this work have not only enriched our understanding of the relevance of external factors in Hong Kong affairs, but also provided a sound foundation for future research.


2017 ◽  
Vol 6 (4) ◽  
pp. 372-384
Author(s):  
Chung Fun Steven Hung

Purpose After direct elections were instituted in Hong Kong and the sovereignty was transferred from Britain to China, politicization inevitably followed democratization. The purpose of this paper is to evaluate the pro-democratic political parties’ politics in Hong Kong in recent history. Design/methodology/approach The research was conducted through a historical comparative analysis, within the context of Hong Kong after the sovereignty handover and the interim period of crucial democratization. Findings With the implementation of “One country, Two systems,” political democratization was hindered in Hong Kong’s transformation. The democratic forces have no alternative but to seek more radicalized politics, which has caused a decisive and ineluctable fragmentation of the local political parties. Originality/value This paper explores and evaluates the political history of the Hong Kong Special Administrative Region under “One country, Two systems” and the ways in which the limited democratization hinders the progress of Hong Kong’s transformation.


2017 ◽  
Vol 65 (03) ◽  
pp. 601-625
Author(s):  
TING YIN TIFFANY WONG ◽  
YUAN XU ◽  
YOUNGHO CHANG

This study aims to examine how “One Country, Two Systems” has shaped and influenced the collaboration on cross-boundary air pollution control between the governments of the Hong Kong Special Administrative Region and the Guangdong province. The presence of the Chinese central government significantly fostered the start of this collaboration, but the implementation and collaborative relationship were relatively weak and unsustainable due to the two local governments’ largely different interests, goals and political demands. We found that the emphasis on “One Country” especially after 2003 led to the signature of more joint agreements in comparison with what the emphasis on “Two Systems” did between 1997 and 2003. Joint agreements appear to be necessary conditions for effective collaboration, but too many of them without satisfying implementation could have resulted in less concrete benefits. A balanced stress on “One Country” and “Two Systems” might bring an appropriate number of joint agreements with good implementation for more effective collaboration.


2014 ◽  
Vol 9 (1) ◽  
Author(s):  
Tan Lee Cheng

AbstractReview of “Interregional Recognition and Enforcement of Civil and Commercial Judgments” by Professor Jie Huang (Oxford and Portland, Oregon: Hart Publishing, 2014) which analyses the status quo of judgment recognition and enforcement in the Mainland China, Macao and Hong Kong under the ‘One Country, Two Systems’ regime. The book also presents a comparative study of the interregional recognition and enforcement of judgments in the US and EU.


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