Flag of Hong Kong Kong was granted on 21 January 1959 by the College of Arms in London. The Hong Kong flag was revised in the same year to feature the coat of arms in the Blue Ensign flag. This design was used officially from 1959 until Hong Kong's transfer of sovereignty in 1997. Since then, the colonial flag has been appropriated by protestors, such as on the annual 1 July marches for universal suffrage, as a "symbol of antagonism towards the mainland", along with a blue flag featuring the coat of arms, used by those advocating independence. Before Hong Kong's transfer of sovereignty,
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