Hong Kong Handover Agreement 2047

A spokeswoman for the office confirmed the response to Reuters this week. “There can be no question of an end to the Basic Law in 2047, because the People`s Republic of China will not change its basic policy in Hong Kong, that is, one country, two systems.” The principle is that after reunification, despite the practice of socialism in mainland China, Hong Kong and Macao were the colonies of the United Kingdom and Portugal, their established system may remain under a high degree of autonomy until 50 years after reunification. But what happens after 2047 (Hong Kong) and 2049 (Macao) has never been publicly announced. The document enshrines the rights and freedoms – including freedom of speech, freedom of assembly and an independent judiciary – that are inherent in the “one country, two systems” formula that underpinned the Beijing-London agreement. Hong Kongers say Beijing`s new security laws – to be passed this week – will “really transform their country in China at this time.” The second handover is seen as the culmination and expression of Hong Kong`s relations with the continent on three fronts: political-ideological, civic and economic. Parts of these fronts have been brought to the forefront of recent protests, but they may have been overshadowed by dominant and vocal ethnonationalists (supported by the right) or by democratic and pluralistic (left-wing) discourses that have spread throughout the movement. As Macau has its own currency, the Chinese renminbi has no legal course in Macau; Pataca is not even accepted in stores in China. With this agreement, a permit or visa is required if you cross the borders of Macau and China, and the people of Macau usually hold SAR passports from Macau and not Chinese passports on the mainland. Like Hong Kong, official languages are an important factor that distinguishes Macau and China, in addition to the history of the former colony, since Cantonese and Portuguese are the most common languages in Macau, while Mandarin is the official language of China.

The central government in Beijing also retains control of Macau`s foreign policy and the legal interpretation of the Basic Law.

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