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DECISION OF THE STATE COUNCIL ON AUTHORIZING THE GOVERNMENT OF THE HONGKONG SPECIAL ADMINISTRATIVE REGION TO TAKE OVER ASSETS FROM THE FORMER HONGKONG GOVERNMENT

Category  SPECIAL ADMINISTRATIVE REGION Organ of Promulgation  The State Council Status of Effect  In Force
Date of Promulgation  1997-06-28 Effective Date  1997-07-01  

Decision of the State Council on Authorizing the Government of the Hongkong Special Administrative Region to Take Over Assets From the Former Hongkong Government



(Adopted at the 59th Executive Meeting of the State Council on June 26,

1997, and promulgated by the State Council on June 28, 1997)

    The State Council has decided to authorize the Government of the Hongkong
Special Administrative Region of the People's Republic of China to take over
and be responsible for the verification of all assets and liabilities from the
former Hongkong government as of July 1, 1997, and to conduct independent
management of the assets pursuant to the relevant laws of the Hongkong Special
Administrative Region.


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