1 dollar 1960 Hong Kong coin Queen Elizabeth II Hong Kong came under the administration of the PRC in 1997. Official languages: Chinese and English. Formerly part of China, the island was occupied by Britain in 1841 during the first Opium War and transferred to China by treaty in 1842. The Kowloon Peninsula under the 1860 convention has been leased for 99 years since 1898. The colony, which successfully developed in the late 19th and early 20th centuries, was captured by Japan in 1941-1945. In 1984, the United Kingdom pledged to transfer Hong Kong to China on the condition that economic independence and the capitalist system would not change on the island for 50 years.
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