There are few countries in the world which have undergone anywhere near the degree of change seen in Hong Kong over the last 20 years as “ownership” of the region was passed over to the Chinese government. This was part of a process which began many years ago with the UK government looking to hand over basic control of the region to the Chinese authorities although they did negotiate a “high degree of autonomy” for Hong Kong itself with the exception of areas such as foreign affairs and defence.
While many people may have been concerned about the possible changes in Hong Kong in recent times, this is still a country which continues to attract significant expat interest and is very much at the centre of financial markets.
The history of Hong Kong
The history of Hong Kong goes back to 1842 and the Treaty of Nanking which saw the British forces formally stake a claim for Hong Kong which ultimately continued for many years. There have been various fallouts between the British government and the Chinese authorities over the years although ultimately, as we saw in 1997, the country was passed over to local Chinese control under the guise of a very complicated and long-winded agreement.
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