country. The economic development of the hinterland will also be a rich source of materials for Hong Kong and an even greater market. Therefore, a Hong Kong that enjoys long-term stability and prosperity is of value to the 4 modernizations of the whole country and it is also beneficial to protecting
protecting Hong Kong's special place within the international economic system. But a Hong Kong in chaos and recession, not only would be far from the desires of the Hong Kong people, but it would also not be in the long-term interest of the people of the whole country.
and
In order to protect Hong Kong's long-term prosperity and stability, it is necessary when drawing up laws firmly to maintain the basic policy that Hong Kong's original capitalist system way of life will not change for 50 years. In the basic law it is clearly laid down that the socialist system and policies will not be carried out in Hong Kong and that the private ownership of the means of production in the Hong Kong region will be protected and developed. The rights of private and legal persons to acquire, use, dispose of and inherit property and the right for the owner of property to receive compensation when that property is being legally used by a private person in accordance with the law - all. these will receive legal protection.
The protection and development of the capitalist private ownership system within the Hong Kong region are an important pre-condition for the stability and prosperity of Hong Kong. Although there are certain contradictions between Hong Kong's capitalist relations of production and the development of socialism, nonetheless, taken all-in-all, it is appropriate to the development of productive forces within Hong Kong. If, after our country has resumed sovereignty over Hong Kong, people were to demand that its social and economic system came into line with that of the mainland, this would inevitably harm the social productive forces in Hong and would therefore damage Hong Kong's prosperity. At the same time, it must be recognized that Hong Kong people have lived under the present system for over 100 years and although they strongly support coming back to the motherland, nonetheless, they have become accustomed over a long period of time to their existing social system and way of life. These historical facts cannot in actual fact be changed. In this way, we must avoid chaos in Hong Kong and protect Hong Kong's stability.
Kong
In order to protect the long-term stability and prosperity of Hong Kong, we must carry out a whole series of special policies towards the economy of Hong Kong. In financial and currency matters, we must continue to maintain Hong Kong as an international financial centre and its free and open financial and currency policies. We must guarantee the freedom of action of financial enterprises and the financial markets. We must continue with open markets in foreign currency, gold, stocks and futures. We must guarantee the free movement of currency and its import and export. The Hong Kong dollar will be the legally designated currency of the region and will continue to circulate and can be freely exchanged. In foreign economic relations, we must continue to protect Hong Kong's position as a free port and not levy any duties apart from those legally designated. We must continue to carry out free trade policies and protect the free movement of commodities, invisibles and capital. We must recognize Hong Kong as an independent customs territory and allow it under the name of "China/Hong Kong" to take part in the relevant international organizations and international trade agreements. We must continue to protect and develop its economic and trade relations with other countries and regions. When making laws, we must keep
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