5. ONE HUNDRED DOLLARS - 1ST. JANUARY 1987.
Before the arrival of the British, Hong Kong was a small fishing community and a perfect hideout for pirates in the South China Sea. Following the end of the first Opium War, China ceded the territory to the British. Hong Kong served as a refuge for exiles from China following the establishment of the Republic of China in 1912. When Japan invaded China , again hundred thousands of Chinese took refuge in Hong Kong. Fell to the Japanese in 1941, it was returned to the British on August 14, 1945. Hong Kong then became a major trading center. When a civil war was won by the Communists, again hundred of thousands of mainland Chinese fled to Hong Kong. In 1984, Britain and China reached an agreement that Hong Kong would revert to Chinese authority in 1997. The commercial, social and legal life of Hong Kong will remain as it is until 2047 at which time China will be able to exercise its full authority. |
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