Hong Kong SAR is to report to the Federal People’s Republic of China. Chinese government policy. ‘One country two systems’ in Hong Kong SAR. Legal basis in the administration and management of Hong Kong. The Chinese People’s Congress has approved and announced a law on 4 April 2533 by the Hong Kong rights to autonomy as an independent. To economic policies, trade finance, commercial, etc. as open systems. Hong Kong, the Chinese government has made to economic liberalization policies continue for another 50 years since Day 1, July 2540, the Chinese government on Hong Kong was returned from the UK government.