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Why do most Hong Kong people have British passports?

Many Hong Kong people (millions) hold British National (Overseas) passports, that is, BNO passports. With this passport, you can travel freely to the UK without a visa, but you have no right of abode in the UK. According to British law, passport holders are British and can enjoy British consular protection outside China. However, according to the laws of Hongkong and Chinese mainland, BNO passport is only a travel document, which does not mean that the holder enjoys civil rights.