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19.
WHEN, IN 1997, CHINA RESUMES SOVEREIGNTY OVER
HONG KONG AND THE HONG KONG SPECIAL ADMINISTRATIVE
REGION COMES INTO BEING, IT WILL ENJOY A HIGH DEGREE OF
AUTONOMY. IT WILL CONTINUE TO DETERMINE ITS OWN
FINANCIAL POLICY AND MANAGE ITS OWN FINANCIAL
RESOURCES. IT WILL DETERMINE ITS ECONOMIC AND TRADE
POLICIES TAILORED TO ITS OWN NEEDS. THE FREE
ENTERPRISE SYSTEM, FREE TRADE POLICIES AND FREE PORT
WILL REMAIN; INDIVIDUAL FREEDOMS AND RIGHTS, INCLUDING
THOSE IN ECONOMIC MATTERS, SUCH AS FREEDOM OF MOVEMENT
OF CAPITAL, THE RIGHT TO OWN AND DISPOSE OF PROPERTY,
AND THE RIGHT TO FULL AND PROMPT COMPENSATION FOR
LAWFUL DEPRIVATION OF PROPERTY, ARE PROTECTED. THE
CONTINUITY OF EXISTING LEASES AND RIGHTS IN LAND WILL
ALSO BE ASSURED AFTER 1997. HONG KONG WILL RETAIN ITS
OWN SYSTEM OF LAW AND THE JUDICIAL SYSTE.
20.
EQUALLY IMPORTANT, THE HONG KONG SAR WILL BE
RESPONSIBLE FOR ITS OWN EXTERNAL ECONOMIC
RELATIONSHIPS, AND MAINTAIN ITS STATUS, AS A SEPARATE
CUSTOMS TERRITORY UNDER THE GATT, AND UNDER OTHER
INTERNATIONAL COMMERCIAL ARRANGEMENTS, THE HONG KONG
DOLLAR WILL CONTINUE TO CIRCULATE AND REMAIN FREELY
CONVERTIBLE; THERE WILL BE NO EXCHANGE CONTROL.
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