HKSAR (Hong Kong Special Administrative Region)

The Hong Kong Special Administrative Region (HKSAR) is a part of China established in 1997 after the British handed over the territory. It operates under the "one country, two systems" principle, allowing it to maintain a distinct legal and economic system from mainland China. HKSAR enjoys a high degree of autonomy, with its own laws and government, and is known for its vibrant economy, financial services, and cultural diversity. However, tensions have arisen over issues of governance and freedoms, leading to ongoing discussions about its relationship with mainland China.