Alliance of Resuming British Sovereignty over Hong Kong and Independence Alliance of Resuming British Sovereignty over Hong Kong and Independence The Alliance of Resuming British Sovereignty over Hong Kong and Independence (; RBSI) is a localist political party in Hong Kong. The party aims to repeal the Sino-British Joint Declaration, resume British sovereignty, then make Hong Kong an independent state. The party does not recognise the Sino-British Joint Declaration and their identity as ethnic Chinese. It defines a Hong Kong national as someone born to parents who had gained right of abode in the city before 1997. It calls for a 10 per cent sales tax for all “non-Hong Kong”
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