This document provides a local perspective on the "One Country, Two Systems" framework in Hong Kong over the past decade. It summarizes the optimistic view held by pro-establishment groups, but identifies inconsistencies between Beijing's view and the Hong Kong perspective. It analyzes the administrations of Tung Chee-hwa and Donald Tsang, finding they lacked leadership abilities and failed to serve as a bridge between Hong Kongers and Chinese authorities. Ultimately, it questions whether China genuinely supports the "Two Systems" concept and suggests the capitalist system in Hong Kong may gradually transform into a soft authoritarian socialist system with increasing economic dependence on China.