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The power of the CFA is defined in the Basic Law: It has the power of final adjudication and may as required invite judges from other common-law jurisdictions to sit on the court.
CNN: HOLD TO THE COMMON LAW
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In a common-law system, each decision of the court acts as precedent for future cases and the interpretations form part of the law of Hong Kong.
CNN: HOLD TO THE COMMON LAW
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It is natural for those familiar with the common-law system to object to a non-judicial body overturning an interpretation given by a final appellate court.
CNN: A NEW CONSTITUTIONAL ORDER