Is Hong Kong now owned by China?
Hong Kong is not privately or commercially owned by China, but it was restored to Chinese sovereignty in 1997 following the expiration of the British lease on the New Territories under the Sino-British Joint Declaration. Since that historical transition, Hong Kong has held the legal status of a Special Administrative Region of the People's Republic of China, granting it a high degree of autonomy, a distinct legal system based on English common law, a separate currency, and independent economic policies under the framework of One Country, Two Systems.
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