Problem related to Present Tense?

Hong Kong has a free market status (legal, social.)

不太明白你的意思；但假如你意思是「現在香港宣報戰爭時期而取消了"自由市場"而成為"軍事法制"」，那麼Hong Kong has a free market.在這情況下講就不對了，應該把free-market這東西視為過去式了：Hong Kong had a free-market.用had是指"曾經時自由市場"，相對今時的前陣子。假如打了三五七年仗後變成了"中國特式社會主義計劃經濟市場"時，那便要講Hong Kong was a free-market.了。