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Occupied by the UK in 1841, Hong Kong was formally ceded by China the following year; various adjacent lands were added later in the 19th century. Pursuant to an agreement signed by China and the UK on 19 December 1984, Hong Kong became the Hong Kong Special Administrative Region (SAR) of China on 1 July 1997. In this agreement, China has promised that, under its "one country, two systems" formula, China's socialist economic system will not be imposed on Hong Kong and that Hong Kong will enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years.
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Country
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Surface Area: 1,092 square km
Population: 6,855,125 (July 2004 est.)
Located in: Eastern Asia
Head of State: President of China HU Jintao
Prime Minister: Chief Executive TUNG Chee-hwa
Independent since: none (special administrative region of China)
Currency: Hong Kong dollar (HKD)
Flag (image): 
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