Is Hong Kong fully controlled by China now?
Central authorities in Beijing exercise comprehensive overall jurisdiction and ultimate sovereignty over Hong Kong, particularly following the implementation of the National Security Law and electoral system reforms designed to ensure that the city is governed by patriots. While Beijing holds supreme constitutional authority and directs national defense and foreign affairs, the territory retains separate financial systems, distinct regulatory bodies, and independent legal traditions within specified parameters.
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The CK Group, encompassing corporate entities like CK Hutchison Holdings and CK Asset Holdings, owns a massive, highly diversified global business empire headquartered in Hong Kong.