I think it says something about the independence of Hong Kong (and the prospective independence of a Taiwan that accepted PRC sovereignty) that Donald Tsang, the new executive, celebrated his inauguration in Beijing, not the city he will be administering. On the other hand, there is a distinct possibility that Tsang, a former official in Great Britain's colonial administration, will better represent local interests, as opposed to those of Beijing:

Tsang will not downplay the SAR's public aspirations for full democracy but will point out the people's pragmatic wishes for stable and harmonious livelihood. He is expected to elaborate on the feasibility of expanding the Commission on Strategic Development to foster greater political participation before the onset of full democracy.