第一百零一条 香港特别行政区政府可任用原香港公务人员中的或持有香港特别行政区永久性居民身份证的英籍和其他外籍人士担任政府部门的各级公务人员，但下列各职级的官员必须由在外国无居留权的香港特别行政区永久性居民中的中国公民担任：各司司长、副司长，各局局长，廉政专员，审计署署长，警务处处长，入境事务处处长，海关关长。

Article 101 The Government of the Hong Kong Special Administrative Region may employ British and other foreign nationals previously serving in the public service in Hong Kong, or those holding permanent identity cards of the Region, to serve as public servants in government departments at all levels, but only Chinese citizens among permanent residents of the Region with no right of abode in any foreign country may fill the following posts: the Secretaries and Deputy Secretaries of Departments, Directors of Bureaux, Commissioner Against Corruption, Director of Audit, Commissioner of Police, Director of Immigration and Commissioner of Customs and Excise.

香港特别行政区政府还可聘请英籍和其他外籍人士担任政府部门的顾问，必要时并可从香港特别行政区以外聘请合格人员担任政府部门的专门和技术职务。上述外籍人士只能以个人身份受聘，对香港特别行政区政府负责。

The Government of the Hong Kong Special Administrative Region may also employ British and other foreign nationals as advisers to government departments and, when required, may recruit qualified candidates from outside the Region to fill professional and technical posts in government departments. These foreign nationals shall be employed only in their individual capacities and shall be responsible to the government of the Region.

第一百零二条 对退休或符合规定离职的公务人员，包括香港特别行政区成立前退休或符合规定离职的公务人员，不论其所属国籍或居住地点，香港特别行政区政府按不低于原来的标准向他们或其家属支付应得的退休金、酬金、津贴和福利费。

Article 102 The Government of the Hong Kong Special Administrative Region shall pay to public servants who retire or who leave the service in compliance with regulations, including those who have retired or who have left the service in compliance with regulations before the establishment of the Hong Kong Special Administrative Region, or to their dependants, all pensions, gratuities, allowances and benefits due to them on terms no less favourable than before, irrespective of their nationality or place of residence.

第一百零三条 公务人员应根据其本人的资格、经验和才能予以任用和提升，香港原有关于公务人员的招聘、雇用、考核、纪律、培训和管理的制度，包括负责公务人员的任用、薪金、服务条件的专门机构，除有关给予外籍人员特权待遇的规定外，予以保留。

Article 103 The appointment and promotion of public servants shall be on the basis of their qualifications, experience and ability. Hong Kong's previous system of recruitment, employment, assessment, discipline, training and management for the public service, including special bodies for their appointment, pay and conditions of service, shall be maintained, except for any provisions for privileged treatment of foreign nationals.

第一百零四条 香港特别行政区行政长官、主要官员、行政会议成员、立法会议员、各级法院法官和其他司法人员在就职时必须依法宣誓拥护中华人民共和国香港特别行政区基本法，效忠中华人民共和国香港特别行政区。

Article 104 When assuming office, the Chief Executive, principal officials, members of the Executive Council and of the Legislative Council, judges of the courts at all levels and other members of the judiciary in the Hong Kong Special Administrative Region must, in accordance with law, swear to uphold the Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China and swear allegiance to the Hong Kong Special Administrative Region of the People's Republic of China.

第五章 经 济 第一节 财政、金融、贸易和工商业

Chapter V Economy Section 1: Public Finance, Monetary Affairs, Trade, Industry and Commerce

第一百零五条 香港特别行政区依法保护私人和法人财产的取得、使用、处置和继承的权利，以及依法征用私人和法人财产时被征用财产的所有人得到补偿的权利。

Article 105 The Hong Kong Special Administrative Region shall, in accordance with law, protect the right of individuals and legal persons to the acquisition, use, disposal and inheritance of property and their right to compensation for lawful deprivation of their property.

征用财产的补偿应相当于该财产当时的实际价值，可自由兑换，不得无故迟延支付。

Such compensation shall correspond to the real value of the property concerned at the time and shall be freely convertible and paid without undue delay.

企业所有权和外来投资均受法律保护。

The ownership of enterprises and the investments from outside the Region shall be protected by law.

第一百零六条 香港特别行政区保持财政独立。

Article 106 The Hong Kong Special Administrative Region shall have independent finances.

香港特别行政区的财政收入全部用于自身需要，不上缴中央人民政府。

The Hong Kong Special Administrative Region shall use its financial revenues exclusively for its own purposes, and they shall not be handed over to the Central People's Government.

中央人民政府不在香港特别行政区征税。

The Central People's Government shall not levy taxes in the Hong Kong Special Administrative Region.

第一百零七条 香港特别行政区的财政预算以量入为出为原则，力求收支平衡，避免赤字，并与本地生产总值的增长率相适应。

Article 107 The Hong Kong Special Administrative Region shall follow the principle of keeping expenditure within the limits of revenues in drawing up its budget, and strive to achieve a fiscal balance, avoid deficits and keep the budget commensurate with the growth rate of its gross domestic product.

第一百零八条 香港特别行政区实行独立的税收制度。

Article 108 The Hong Kong Special Administrative Region shall practise an independent taxation system.

香港特别行政区参照原在香港实行的低税政策，自行立法规定税种、税率、税收宽免和其他税务事项。

The Hong Kong Special Administrative Region shall, taking the low tax policy previously pursued in Hong Kong as reference, enact laws on its own concerning types of taxes, tax rates, tax reductions, allowances and exemptions, and other matters of taxation.

第一百零九条 香港特别行政区政府提供适当的经济和法律环境，以保持香港的国际金融中心地位。

Article 109 The Government of the Hong Kong Special Administrative Region shall provide an appropriate economic and legal environment for the maintenance of the status of Hong Kong as an international financial centre.

第一百一十条 香港特别行政区的货币金融制度由法律规定。

Article 110 The monetary and financial systems of the Hong Kong Special Administrative Region shall be prescribed by law.

香港特别行政区政府自行制定货币金融政策，保障金融企业和金融市场的经营自由，并依法进行管理和监督。

The Government of the Hong Kong Special Administrative Region shall, on its own, formulate monetary and financial policies, safeguard the free operation of financial business and financial markets, and regulate and supervise them in accordance with law.

第一百一十一条 港元为香港特别行政区法定货币，继续流通。

Article 111 The Hong Kong dollar, as the legal tender in the Hong Kong Special Administrative Region, shall continue to circulate.

港币的发行权属于香港特别行政区政府。港币的发行须有百分之百的准备金。港币的发行制度和准备金制度，由法律规定。

The authority to issue Hong Kong currency shall be vested in the Government of the Hong Kong Special Administrative Region. The issue of Hong Kong currency must be backed by a 100 per cent reserve fund. The system regarding the issue of Hong Kong currency and the reserve fund system shall be prescribed by law.

香港特别行政区政府，在确知港币的发行基础健全和发行安排符合保持港币稳定的目的的条件下，可授权指定银行根据法定权限发行或继续发行港币。

The Government of the Hong Kong Special Administrative Region may authorize designated banks to issue or continue to issue Hong Kong currency under statutory authority, after satisfying itself that any issue of currency will be soundly based and that the arrangements for such issue are consistent with the object of maintaining the stability of the currency.

第一百一十二条 香港特别行政区不实行外汇管制政策。港币自由兑换。继续开放外汇、黄金、证券、期货等市场。

Article 112 No foreign exchange control policies shall be applied in the Hong Kong Special Administrative Region. The Hong Kong dollar shall be freely convertible. Markets for foreign exchange, gold, securities, futures and the like shall continue.

香港特别行政区政府保障资金的流动和进出自由。

The Government of the Hong Kong Special Administrative Region shall safeguard the free flow of capital within, into and out of the Region.

第一百一十三条 香港特别行政区的外汇基金，由香港特别行政区政府管理和支配，主要用于调节港元汇价。

Article 113 The Exchange Fund of the Hong Kong Special Administrative Region shall be managed and controlled by the government of the Region, primarily for regulating the exchange value of the Hong Kong dollar.

第一百一十四条 香港特别行政区保持自由港地位，除法律另有规定外，不征收关税。

Article 114 The Hong Kong Special Administrative Region shall maintain the status of a free port and shall not impose any tariff unless otherwise prescribed by law.

第一百一十五条 香港特别行政区实行自由贸易政策，保障货物、无形财产和资本的流动自由。

Article 115 The Hong Kong Special Administrative Region shall pursue the policy of free trade and safeguard the free movement of goods, intangible assets and capital.

第一百一十六条 香港特别行政区为单独的关税地区。

Article 116 The Hong Kong Special Administrative Region shall be a separate customs territory.

香港特别行政区可以“中国香港”的名义参加《关税和贸易总协定》、关于国际纺织品贸易安排等有关国际组织和国际贸易协定，包括优惠贸易安排。

The Hong Kong Special Administrative Region may, using the name "Hong Kong, China", participate in relevant international organizations and international trade agreements (including preferential trade arrangements), such as the General Agreement on Tariffs and Trade and arrangements regarding international trade in textiles.

香港特别行政区所取得的和以前取得仍继续有效的出口配额、关税优惠和达成的其他类似安排，全由香港特别行政区享有。

Export quotas, tariff preferences and other similar arrangements, which are obtained or made by the Hong Kong Special Administrative Region or which were obtained or made and remain valid, shall be enjoyed exclusively by the Region.

第一百一十七条 香港特别行政区根据当时的产地规则，可对产品签发产地来源证。

Article 117 The Hong Kong Special Administrative Region may issue its own certificates of origin for products in accordance with prevailing rules of origin.

第一百一十八条 香港特别行政区政府提供经济和法律环境，鼓励各项投资、技术进步并开发新兴产业。

Article 118 The Government of the Hong Kong Special Administrative Region shall provide an economic and legal environment for encouraging investments, technological progress and the development of new industries.

第一百一十九条 香港特别行政区政府制定适当政策，促进和协调制造业、商业、旅游业、房地产业、运输业、公用事业、服务性行业、渔农业等各行业的发展，并注意环境保护。

Article 119 The Government of the Hong Kong Special Administrative Region shall formulate appropriate policies to promote and coordinate the development of various trades such as manufacturing, commerce, tourism, real estate, transport, public utilities, services, agriculture and fisheries, and pay regard to the protection of the environment.

第五章 经 济 第二节 土地契约

Section 2: Land Leases

第一百二十条 香港特别行政区成立以前已批出、决定、或续期的超越一九九七年六月三十日年期的所有土地契约和与土地契约有关的一切权利，均按香港特别行政区的法律继续予以承认和保护。

Article 120 All leases of land granted, decided upon or renewed before the establishment of the Hong Kong Special Administrative Region which extend beyond 30 June 1997, and all rights in relation to such leases, shall continue to be recognized and protected under the law of the Region.