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Hutchinson

   
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Title: Hutchinson
 
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Subject: History
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Date: January 14, 2003
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Length: 2 / 471
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Hence, uncertainty surrounds international investors, bankers and property owners as they wonder on matters such as whether the loan terms would still remain in force after 1997? Would Hong Kong still have rules guaranteeing that a loan’s conditions would remain in force? September 26, 1984 Draft Agreement between China and Britain Joint Declaration called for the establishment of a Hong Kong Special Administrative Region (HKSAR)...
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HKSAR would be vested with executive, legislation and independent judicial power. This law would remain unchanged for fifty years. Many Hong Kong residents approached the Agreement with skepticism, ultimately choosing to leave the colony rather than risk the chance that China may go back on its word...
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