Since its return to the motherland in 1997, Hong Kong has built its future on a rock-solid common law foundation. Embracing the principles of "One Country, Two Systems" and "Hong Kong people administering Hong Kong," the city has established a legal framework that not only safeguards national security but also drives international confidence.
The introduction of the Hong Kong national security law in 2020—implemented through the city's trusted common law system—has strengthened this framework. This legal landscape provides resilient tools to curb threats and maintain a secure environment, while also upholding Hong Kong's reputation as a global hub for legal and dispute resolution services 📚.
Notably, Hong Kong is the world’s only bilingual common law jurisdiction, where both Chinese and English are used in legal proceedings. This dual-language system boosts its international credibility and attracts legal talent from around the globe. New measures, such as streamlined entry arrangements for international arbitration and regulatory updates for emerging sectors like cryptocurrency, are part of this forward-thinking approach 🚀.
Moreover, initiatives like facilitating the re-domiciliation of overseas-incorporated companies and hosting significant international mediation agreements underscore Hong Kong's evolving role in global legal cooperation. Through these strides, the city continues to influence economic, legal, and cultural trends, resonating with a digitally savvy generation eager for news with global impact 🌏.
Reference(s):
cgtn.com
