Hong Kong–United Kingdom relations a deeply important role in the formation of the modern Hong Kong. Sovereignty of Hong Kong was ceded to the UK "in perpetuity" on 29 August 1842 through the Treaty of Nanking. The UK further expanded the territory of Hong Kong in 1860 by another cessation, plus a 99-year lease of the New Territories in 1898. The stability, security, and predictability of British law and government enabled Hong Kong to flourish as a centre for international trade. Localisation of teritary institutions, the Hong Kong government and the independent Judiciary in the run-up to the 1997 Handover of sovereignty, caused a
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