Hong Kong authorities are keeping an open mind to more economic support
As a special administrative region of China, Hong Kong is governed under the "one country, two systems" principle. Under that structure, Hong Kong is given self-governing power, a largely separate legal and economic framework from China, and various freedoms including limited election rights.
Such a system underpins Hong Kong's status as a global financial and business center, especially as a middleman between China and the world. The city's autonomy from China is also a reason why the U.S. treats it differently from other Chinese cities. For example, elevatedLosing that special treatment would damage the city's economy, and its repercussions could potentially feed through the global financial system.
"We respect different countries may have their own policies toward others, but ... any trading relationship must be built on mutual interest," Yau said, citing U.S. trade surplus with Hong Kong that is gained from the city's open and free economy. "There is every interest for Hong Kong to maintain our autonomy under the 'one country, two systems,' that is given in our constitution by the central government," he added. "There is no reason why we should depart from that."
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