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It provides fundamental political and institutional safeguards for good governance of Hong Kong that is based on China's constitution and the HKSAR Basic Law and that ensures genuine implementation of the policy of One Country, Two Systems.

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The adverb "fundamentally" would modify the adjectives "political" and "institutional", whereas the adjective "fundamental" would modify the noun "safeguards". Which one do you want?

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should c be capitalized of constitution

if fundamental modify safeguards, what about political and institutional?

Silencio Tarsier

should c be capitalized of constitution

No. That is a tricky aspect of English style, and it has changed over the ages. Today, we try to use the fewest possible capital letters, and there is not a good enough reason to capitalize "constitution" there.

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Silencio Tarsier

if fundamental modifies safeguards, what about political and institutional?

Every English sentence begins with a capital letter. It is not optional. When you start a sentence with a lowercase letter, it looks like you're writing dialogue for a low-IQ cartoon character. Just a heads-up. Also, words as words must be marked. I like quotation marks for that.

Both "political" and "institutional" also modify "safeguards". It, whatever it is, provides safeguards of two kinds—political safeguards and institutional safeguards—and both kinds of safeguards are fundamental. It provides fundamental political safeguards and fundamental institutional safeguards, and the writer used the common technique of letting "fundamental" distribute across the two to avoid repetition.

Thank you alot for your explanation.

Moreover, what is" words as words must be marked"?

After reading it, I think “fundamentally” sounds like it makes a bit more sense.

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Silencio TarsierMoreover, what is" words as words must be marked"?

You wrote "if fundamental modify safeguards, what about political and institutional?" It should have been as follows:

If "fundamental" modifies "safeguards", what about "political" and "institutional"?

That is equivalent to the following:

If the word fundamental modifies the word safeguards, what about the word political and the word institutional?

Instead of puting "the word" over and over, we can use quotation marks to show that we are reporting a word as a word and not using the word itself. You will sometimes see italics used for that instead.