Formerly an occupied territory of the United Kingdom, Hong Kong became a Special Administrative Region (SAR) of China on July 1, 1997. The day is reserved for official celebrations of Hong Kong and its unique “one country, two systems” arrangement with its mainland ally. Large crowds observe the anniversary by turning out for an official flag-raising ceremony displaying the emblems of Hong Kong and the People’s Republic of China. There is also a parade featuring traditional drumming performances and dragon dance troupes. Discuss
Source: The Free Dictionary