Identify an Accurate Statement About Hong Kong, Post Its Turnover

question 62

Multiple Choice

Identify an accurate statement about Hong Kong, post its turnover to the People's Republic of China.

• A) After becoming a special administrative region of the People's Republic of China, Hong Kong has lost its autonomy.
• B) The Hong Kong government negotiates bilateral agreements and makes major economic decisions on its own.
• C) The central government in Beijing has no jurisdiction over matters related to foreign affairs and defense of Hong Kong.
• D) The Hong Kong dollar has ceased to be freely convertible after its turnover to the People's Republic of China.
• E) The Hong Kong SAR government openly opposes economic policies that stresses the predominant role of the private sector.

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Definitions:

Repurchase

A Repurchase is the act of buying back previously sold assets or securities by the company or issuer.

Market Value

The current price at which an asset or service can be bought or sold, reflecting its perceived worth in the open market.

Common Shares

A type of equity security that represents ownership in a corporation, giving the holder voting rights and a share in the company's profits via dividends.

Authorized

Officially approved or sanctioned, often referring to a specified amount of capital stock a corporation is legally permitted to issue.