January 21-27, 2017

Lunar New Year

Hong Kong celebrates Lunar New Year with a night parade and fireworks

Hong Kong celebrates the Lunar New Year with one of the city's most anticipated annual events, the Cathay Pacific Night Parade. Stunning floats and magnificent performances by international and local groups will welcome the Year of the Rooster on January 28. American participation in the parade will be represented by the Los Angeles Rams Cheerleaders and Bluecoats Drum & Bugle Corps from Canton, Ohio. On the second day of the Lunar New Year (January 29), thousands will witness a 23-minute firework spectacle over Victoria Harbour, featuring fireworks with a pattern of “20” to celebrate the 20th anniversary of the Hong Kong Special Administrative Region, the auspicious sign of the numeral “8”, golden ingots, and a “smiling face of heart”.

HKETONY News

Hong Kong Commissioner delivers keynote speech in Michigan

Delivering the keynote speech “Five Trends to Watch in Asia – How Hong Kong is Taking on the Challenges” at the 26th Asia Business Conference at the University of Michigan Ross School of Business on Jan 20, Hong Kong Commissioner to the United States Clement Leung highlighted strong US-Hong Kong bilateral ties, and the latest developments in Hong Kong, including the city’s role in the "Belt and Road" initiative as well as the government's support for innovation and technology. The US is Hong Kong’s second largest trading partner, buying US$37 billion dollars of American goods in 2015. While in Michigan, Mr Leung also met with Steve Arwood, CEO of Michigan Economic Development Corporation, and gave an update on Hong Kong's developments and opportunities for Michigan businesses.

Tourism

Hong Kong named world’s most visited city

Hong Kong was named the world’s most visited city for the fifth consecutive year in Euromonitor International’s annual survey, based on international arrivals. Official figures from Hong Kong Tourism Board showed that the city saw 26.5 million visitors in 2016. Visitors from mainland China drawn by Hong Kong’s shopping and dynamic restaurant scene made up 77 percent of the visitors to the city.

Basic Law

Hong Kong and its Basic Law

The Basic Law (BL) is the constitutional document of the Hong Kong Special Administrative Region. Put into effect on July 1, 1997, it enshrines within a legal document the important concept of “One Country, Two Systems". 

Q: Have Hong Kong’s capitalist system and way of life been preserved?
A: The Basic Law provides that the capitalist system and way of life shall remain unchanged. Hong Kong maintains a free and open market economy with a free flow of capital, goods, intangible assets, and a freely convertible currency. People’s lifestyle remains the same as before. (BL Articles 5; 112; 115)

Hong Kong Basic Law

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