The Future Of Hong Kong

Focusing on the period since the handover of power to China, this book examines the origins and evolution of Hong Kong’s political system. Considering the prospects and problems of achieving liberal democracy within the communist Chinese state system, it provides useful insights into the meaning of central concepts in democratic political theory.

"Hong Kong is in turmoil, with a new generation of young and politically active citizens shaking the regime. From the Umbrella Movement in 2014 to the defeat of the Extradition Bill and beyond, the protestors' demands have become more radical, and their actions more drastic. Their bravery emboldened the labour movement and launched the first successful political strike in half a century, followed by the broadening of the democratic movement as a whole. But the new generation's aspiration goes far beyond the political. It is a generation that strongly associates itself with a Hong Kong identity, with inclusivity and openness. This book sets the new protest movements within the context of the colonisation, revolution and modernisation of China."

On July 1st, 2007, Hong Kong celebrated the 10th anniversary of its return to the People’s Republic of China, but the past decade has been a bumpy ride for both the Hong Kong people and the central leaders in China. In fact, in 2003 Beijing had already succumbed to public pressure within the fairly short period of its rule by abruptly replacing its handpicked first Chief Executive with a British-groomed civil servant. This book examines the origin and evolution of Hong Kong’s political system, analyses the current contradictions in the system, and discusses how the system might develop in future. It focuses in particular on the office of Chief Executive in the context of Hong Kong’s transformation from a British colony to a Special Administrative Region in China. The dualistic structure of the Chief Executive’s office embodies a dilemma between two competing imperatives – Communist China’s imperative to retain a colonial political system where executive power is concentrated at the top; alongside the need to accommodate new, increasing demands for democratic representation within the territory. The Political Future of Hong Kong demonstrates how the British legacy left its imprint on Hong Kong’s political system. It analyses the strategies adopted by the Sovereign state as it attempted to cope with demands for representative government in the post-handover years, and the strains placed on Hong Kong’s political institutions by the uneasy relationship between central government and local forces of liberal autonomy. Kit Poon examines the possibility of the introduction of universal suffrage for the selection of the Chief Executive, and considers how Hong Kong can secure a democratic future in the context of broader Beijing-Hong Kong relations.

This book provides an overview of Hong Kong’s role as an international financial centre, focusing especially on how Hong Kong has contributed significantly, and continues to contribute significantly, to China’s economic development. It considers the importance of Hong Kong’s stock market in raising finance for Chinese companies, explores the potential of Hong Kong as an offshore financial centre, and discusses recent regulatory reforms. It concludes by assessing the prospects for Hong Kong’s continuing success as a global financial centre, and puts forward recommendations for policies which would help secure continuing success.

Explores Hong Kong's history and culture in detail, profiling the powers behind Hong Kong's business and political worlds.