'one country, two systems' policy




As the business executives and the investors stand confused about whether the new rules to scrutinize foreign investments from companies based in neighboring countries will also apply to Hong Kong, as it is a special administrative region which enjoys autonomy under 'one country, two systems' policy agreed at the time of its handover in 1997 from Britain, here's a look at the history of what this policy was -

History.com


Also see,

Hong Kong-China extradition plans explained



Comments

Post a Comment

Popular posts from this blog

Jet airways crisis

Jet airways crisis explained in brief – -            Its 24 per cent owned by Abu Dhabi’s Etihad Airways  -            Owes   Rs. 8,000 crore to lessors, suppliers, pilots and oil companies -            Lenders searching for new buyers Reasons – -            Buying of Air Sahara in 2006 for 500 million dollars -            Underestimating the competition from - IndiGo, SpiceJet and GoAir as they were offering lower   prices and better routes. -            Naresh Goyal’s management style was questionable -            Fluctuation in global crude oil prices -       ...
Read more
What’s the tussle between RBI and the Government? Yeah so it’s CBI vs. government and then the RBI versus government. Ø The first flashpoint - government wants a special liquidity window for the Non-Banking Finance companies. The liquidity window or discount window would allow NBFCs to borrow money from the RBI in case of lack of funds.. Non-Banking Finance Companies are companies (NBFCs) registered under Companies Act 1956 are engaged in business of loans and advances, acquisition of stock and shares etc. They do not engage in agriculture, industrial activity or sale or purchase or construction of immovable property. The working and operations of NBFC are regulated by RBI. Ø Secondly, the government has proposed a supervisory body for the RBI which has several of its nominees. Opposition alleges of interference by the government into internal functioning of the Central Bank which had been so far taking its own decisions. Ø Government also wants the RBI to...
Read more