Government and political change in the Hong Kong special administrative region / LAU Siu-Kai -- Hong Kong's economy in the midst of a currency crisis / HO Loksang -- The securities and futures markets: from 1 July 1997, the year under review / Anthony Neoh -- Paradoxes of Hong Kong's reversion: the legal dimension / Daniel R. Fung -- Strategic development of the Hong Kong SAR: social policy, EIB model, and implications / Beatrice Leung -- The Hong Kong press: a post-1997 assessment / Frank Ching -- The paradox of Hong Kong as a non-sovereign international actor: an update / James C. Hsiung -- Hong Kong, China, and the United States / Danny S. L. Paau -- Weathering the Asian financial storm in Hong Kong / Y.Y. Kueh -- HKSAR's relations with its Chinese sovereign / TING Wai -- Hong Kong's reversion and its impact on Macau / Bolong Liu -- The Hong Kong SAR: prisoner of legacy or history's bellwether? / James C. Hsiung.