According to chapter 1 article 5 of Hong Kong basic law, yes: "The socialist system and policies shall not be practiced in the Hong Kong Special Administrative

According to chapter 1 article 5 of Hong Kong basic law, yes: "The socialist system and policies shall not be practiced in the Hong Kong Special Administrative Region, and the previous capitalist system and way of life shall remain unchanged for 50 years." (50 years from 1997)