This paper aims at constructing a modern theoretical conception of a harmonious society and testing it in relation to governance and citizenship rights, based on an empirical study of Chinese people’s perceptions in Hong Kong. It is proposed that a harmonious society can be defined as “a society in which the component parts are integrative and cooperative; even if there is conflict, it can be resolved within the established mechanisms and does not interrupt the orderly functioning of society.” This study investigates the social, economic, and political aspects and their related institutions in the renewed conception of harmonious society. Overall, less than two-fifths of the respondents felt that Hong Kong was a harmonious society. The strength of governance in Hong Kong is its sound and trustworthy institutions; the weaker elements are social and interpersonal relations. This finding is in contrast to the traditional notion, which regards social harmony as harmonious social and interpersonal relationships. It is clear that the greatest challenge for the Hong Kong Special Administrative Region Government is the need to rebalance the interests of big business and those of labor and the lower class in order to enhance the perception of a harmonious society among its citizens.