It is difficult to predict whether the bitcoin price will react to that news, but the good news is that bitcoin is being adopted by more and more countries around the world. As long as the government has a positive view of bitcoin, people will use bitcoin more. Even if bitcoin doesn't react to that news, there is nothing to worry about because as long as users increase, it is only a matter of time before the price of bitcoin increases. Hong Kong is part of China, their legalization of bitcoin will open the door for the bitcoin ban to be lifted in China soon.