1994 Hong Kong electoral reform of British administration and replaced it with the Provisional Legislative Council. The decision of transfer of the sovereignty over Hong Kong in 1997 was finalised by the Chinese and British governments on 18 December 1984 in the Sino-British Joint Declaration. The Declaration stated that the Chinese government would resume the exercise of sovereignty over Hong Kong (including Hong Kong Island, Kowloon, and the New Territories), effective on 1 July 1997, from the British government. Within these declarations, the Hong Kong Special Administrative Region shall be under the direct jurisdiction of the Central People’s Government and shall enjoy a high degree
1950s in Hong Kong by the Government. There were no central banks or monetary policies. The Governor did not want to regulate the Hong Kong Stock Exchange even though it had become a serious problem in financing the fast-growing economy at the time. Manufacturers constantly complained about the shortage of investments. Pressure was coming from within and outside Hong Kong to get the policies fixed. 1950s in Hong Kong The 1950s in Hong Kong began against the chaotic backdrop of the resumption of British sovereignty after the Japanese occupation of Hong Kong ended in 1945, and the renewal of the Nationalist-Communist Civil War in