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Hong Kong (Chinese: 香港), officially the Hong Kong Special Administrative
Region, is one of the two special administrative regions of
the People's Republic of China (PRC), the other being Macau. The territory
lies on the eastern side of the Pearl River Delta, bordering Guangdong
province in the north and facing the South China Sea in the east, west and
south. Beginning as a trading port in the 19th century, Hong Kong has
developed into a leading financial centre.
Hong Kong was a crown colony of the United Kingdom from 1842 until the
transfer of its sovereignty to the People's Republic of China in 1997. The
Sino-British Joint Declaration and the Basic Law of Hong Kong stipulate that
Hong Kong operates with a high degree of autonomy until at least 2047, fifty
years after the transfer. Under the policy of "one country, two systems",
the Central People's Government is responsible for the territory's defence
and foreign affairs, while the Government of Hong Kong is responsible for
its own legal system, police force, monetary system, customs policy,
immigration policy, and delegates to international organizations and events.
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