History of Hong Kong

This article details the history of Hong Kong.

Hong Kong since 1997

In 1998, another election was held. The real estate market, a key component of the Hong Kong economy, went into free-fall due to increasing governmental interventions on private ownership as well as housing supplies and partially as a consequence of the Asian financial crisis.

Related Topics:
1998 - Real estate - Asian financial crisis

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In 2003, concerns about the proposed anti-subversion bill that would have eroded freedom of the press, of religion and of association arising from Hong Kong Basic Law Article 23 and the unpopularity of Tung Chee Hwa and his officials, plus dissatisfaction about the poor state of the economy, prompted 500,000 people to march on July 1, making it the largest protest aimed at mainland China ever in the history of Hong Kong, and the largest since the 1989 Tian'anmen Protest. The legislation was overturned as a result of the public outcry.

Related Topics:
2003 - Hong Kong Basic Law Article 23 - July 1 - Mainland China

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In March 10, 2005, chief executive Tung Chee-hwa resigned as the chief executive. Tung's position has been filled, after a by-election with only one qualifed candidate, by the No. 2 ranking official, the Chief Secretary Donald Tsang, a popular bow tie-wearing career civil servant who was educated at Harvard and received a knighthood for his service during British colonial rule.

Related Topics:
March 10 - 2005 - Tung Chee-hwa - By-election - Donald Tsang - Harvard

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For more details about the political situation, see Politics of Hong Kong.

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