In the 1980s it had been confirmed that the handover would take place in 1997. This historic issue brought Hong Kong to the focus of the whole world. There was a lot of discussion on Hong Kong about its political outlook, economic development, cultural discourse, and literary imagination, which facilitated the rise of Hong Kong studies. If narrowing down our discussion realm to Hong Kong literature, we can find that during the period of 1980s and 1990s, Hong Kong literature had become the central issue. After 1997, some relative discussion and discourse about Hong Kong literature continued and the devotion of scholars was as significant. Nevertheless, the studies of Hong Kong literature has the tendency to decline. Now 17 years have passed since the handover, it is necessary to re-explore Hong Kong in this phase since the factor of China has become a common subject that Taiwan and Hong Kong both have to face. It will help us to find a new frame to explore Hong Kong literature and enlarge the range of discussion of Taiwanese literature and Hong Kong literature.