The International Dimension of the Hong Kong Constitutional Order

This chapter summarizes the main arguments and discussions of the book and presents an overview of major concerns for the future of Hong Kong’s financial markets. In addition to describing financial market law and practice in Hong Kong, this book has sought to point out related major issues, whether legal, economic, or cultural. Each chapter has concluded with an evaluation of Hong Kong’s financial markets, identifying weaknesses and where reform is most needed. This final chapter takes the analysis further, presenting an overview of major concerns for the future of Hong Kong’s financial markets and their legal and regulatory systems. These arise in two main respects: first, risks to be addressed out of concern for financial stability and the continued economic development of Hong Kong; and second, opportunities to enhance Hong Kong’s competitiveness as a financial centre, especially in the context of prospects for China and East Asia.

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Hong Kong as a property jurisdiction

Social Transformations in Chinese Societies ◽

10.1108/stics-01-2020-0001 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Maurice K.-C. Yip

Keyword(s):

Hong Kong ◽

Urban Governance ◽

Content Type ◽

Constitutional Order ◽

Land System ◽

Legal Geography ◽

One Country Two Systems ◽

British Colonial ◽

Colonial Government ◽

The Relationship

Purpose This study aims to explore how urban governance of Hong Kong is impacted by the formulation and implementation of the new constitutional order of “one country, two systems” that distinguishes between the British colonial government and the current government under Chinese sovereignty. Design/methodology/approach While the literature recognises the society of Hong Kong has been heavily relying on land and property activities, few attempts notice the uniqueness of Hong Kong’s sequential constitutional orders and its relations to those activities. This study presents a geographical enquiry and an archival study to illustrate the spatiality of the new constitutional order and its implications on land injustice. Drawing from the works of legal geography and urban studies, this study extends and clarifies Anne Haila’s conception of Hong Kong as “property state” to “property jurisdiction”. Findings Though common law and leasehold land system were perpetuated from the colonial period, the new constitutional order changed their practices and the underlying logic and ideology. The urban governance order of this property jurisdiction is intended for prosperity and stability of the society, and for the economic benefit and territorial integrity claim of the Chinese sovereignty. Originality/value This study enriches the literature of Hong Kong studies in three major areas, namely, the relationship with China, urban governance and land injustice. It offers a conceptual discussion, which contributes to comparative territorial autonomies studies. It also contributes to legal geography by providing insights beyond the western liberal democracy model.

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Hong Kong's New Constitutional Order: The Resumption of Chinese Sovereignty and the Basic Law. By Yash Ghai. [Hong Kong: Hong Kong University Press, 1997. 608 pp. U.S. $40.00. ISBN 962–209–435–X.]

The China Quarterly ◽

10.1017/s0305741000005920 ◽

1999 ◽

Vol 158 ◽

pp. 493-494

Author(s):

Richard Swede

Keyword(s):

Hong Kong ◽

Constitutional Order ◽

Basic Law

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Hong Kong as an Emerging IPO Center and the International Dimension of its Stock Market

SSRN Electronic Journal ◽

10.2139/ssrn.1932511 ◽

2010 ◽

Author(s):

Hsiang-Chih Hwang

Keyword(s):

Hong Kong ◽

Stock Market ◽

International Dimension

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Part V The International Dimension, 12 The China Nexus

10.1093/law/9780198706472.003.0012 ◽

2016 ◽

Author(s):

Arner Douglas W ◽

Hsu Berry FC ◽

Goo Say H ◽

Johnstone Syren ◽

Lejot Paul ◽

...

Keyword(s):

Hong Kong ◽

Financial Markets ◽

Stock Exchange ◽

Mainland China ◽

Financial Systems ◽

Republic Of China ◽

International Dimension ◽

Institutional Frameworks ◽

Economic Partnership ◽

Business In China

This chapter focuses on the financial markets and related legal and institutional frameworks in mainland China, in the context of China’s liberalization commitments under the World Trade Organization (WTO) and the Closer Economic Partnership Arrangement (CEPA). Today, Hong Kong and its financial markets perform a number of roles in respect to China. As part of the People’s Republic of China, Hong Kong increasingly must deal directly with resulting issues and questions, both as a result of the increasing use by mainland companies of Hong Kong’s financial markets (e.g. listing on the stock exchange) as well as supporting business in China. At the same time, the resulting interconnection between the two economies and financial systems brings challenges for Hong Kong. This is especially true of questions relating to mainland companies raising money in Hong Kong and resulting issues of disclosure, corporate governance, and related enforcement problems.

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