Special Administrative Region - SAR

Dictionary Says

Definition of 'Special Administrative Region - SAR'

Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative Regions (SAR) of Hong Kong and Macau, which were formerly British and Portuguese colonies until 1997 and 1999 respectively, were set up in accordance with the "one country, two systems" concept proposed by Deng Xiaoping. The two SARs enjoy a great deal of autonomy, with responsibility for most areas of government - including executive, legislative and judicial - except for defense and diplomatic relations.
Investopedia Says

Investopedia explains 'Special Administrative Region - SAR'

The continued prosperity of Hong Kong and Macau under China is proof of the success of the SAR concept. Despite the vast differences in social systems and ideologies between the capitalist-based system of the SARs and the socialist system of China, the entire region has managed to maintain its rapid pace of economic growth, which ranks among the fastest-growing in the world.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Hong Kong Stock Exchange (HKG) .HK

    One of the ...
  2. China Investment Corporation - CIC

    A ...
  3. China Concepts Stock

    The stock of a ...
  4. Chinese Depositary Receipt - CDR

    A type of ...
  5. China ETF

    Exchange-traded ...
  6. Sin Tax

    A ...
  7. Government Security

    A bond (or debt ...
  8. Fiscal Cliff

    A combination of ...
  9. Federal Debt

    The total amount ...
  10. Budget Control Act - BCA

    A federal statue ...

Articles Of Interest

  1. Investing In China

    This emerging market is making strides in regulation and disclosure.
  2. Top 6 Factors That Drive Investment In China

    FDI in China surpassed $100 billion in 2010, certain key factors drive foreign direct investment.
  3. Why China's Currency Tangos With The USD

    Congress often debates pressuring China to appreciate its currency, but the yuan/dollar peg has benefits for both countries.
  4. Introduction To The Chinese Banking System

    As China steps into a greater role in the global economic system, their banking system continues to evolve.
  5. The Hong Kong Dollar: What Every Forex Trader Needs To Know

    Find out everything you need to know about the eighth most traded currency in forex.
  6. Understanding BRIC Investments

    Brazil, Russia, India and China are becoming more popular for investing, but there is still plenty of risk among BRIC countries.
  7. Understanding Rare Earth Metals

    Rare earth metals are quickly becoming a sought-after global commodity. Find out what they are and how you can invest.
  8. TARP 4 Years Later - How Did It All Work Out?

    The TARP program is estimated to cost taxpayers about $32 billion, much less than the OMB's reported estimate.
  9. Healthcare FSAs Increase Your Personal Savings

    This benefit could give you a return this year that puts many other investments to shame.
  10. An Introduction To Sovereign Wealth Funds

    Countries use sovereign wealth funds to stabilize their economies, but these investments can lack transparency.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center