$
1
FINANCIAL, ECONOMIC AND MONETARY SYSTEMS
1. The Hong Kong Government will be responsible
for all of its own financial matters, and
will draw up its own budgets and use all
revenues on behalf of the people of Hong
Kong. Government accounts will be publicly
audited. The Chinese Government will not
interfere and will not levy taxes.
(F2)
2. The capitalist and free trade system of
Hong Kong will remain. People may continue to own property. Hong Kong will be a free port and may participate in international
trade agreements.
3. Hong Kong will continue to retain the status
of an international financial centre.
The
Hong Kong Dollar will continue to be the cur- rency and will be freely convertible. People
may continue to trade in gold, securities and
foreign exchange. The free flow of capital in
and out of Hong Kong will be guaranteed and
there will be no exchange controls.
1