Beijing in turn pledged that Hong Kong would keep a high degree of autonomy under a “one country, two systems” understanding. Even though it is part of China, Hong Kong operates under its own laws that include economic and civil freedoms that cannot be found in mainland China. Under the US-Hong Kong Policy Act of 1992, Hong Kong is treated differently by US law when it comes to financial transactions, immigration and trade. China’s Communist Party has been frustrated by the anti-Beijing protests that erupted in Hong Kong beginning last year. The United States and Hong Kong enjoy visa-free travel, making it easy for business executives to come and go.

Source: bd News24 May 28, 2020 21:45 UTC