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Country Fast Facts:Hong Kong

Hong Kong

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Occupied by the UK in 1841, Hong Kong was formally ceded by China the following year; various adjacent lands were added later in the 19th century.

Pursuant to an agreement signed by China and the UK on Dec. 19, 1984, Hong Kong became the Hong Kong Special Administrative Region (SAR) of China on July 1, 1997.

In this agreement, China has promised that, under its "one country, two systems" formula, China's socialist economic system will not be imposed on Hong Kong and that Hong Kong will enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years.

Source: CIA World Fact Book