Conservatism in Hong Kong the way to maintain the "status quo" of Hong Kong. They initially supported the British Conservative Prime Minister Margaret Thatcher's efforts in insisting the validity of the Treaty of Nanking of 1842. However, Deng Xiaoping, the Chinese paramount leader insisted in restoring sovereignty in Hong Kong in 1997, but guaranteed the "capitalist system and way of life shall remain unchanged for 50 years," which was later written in the Article 5 of the Hong Kong Basic Law. Besides its "Old Left" Beijing loyalists in the colony which were represented by the Hong Kong Federation of Trade Unions (HKFTU), the Communist
Alliance of Resuming British Sovereignty over Hong Kong and Independence that its convenor Billy Chiu Hin-chung had left the party, citing a difference in opinion on the issue of independence, as the party believed that Hong Kong could benefit most under a constitutional monarchy like Australia, New Zealand, and Canada, while Chiu sought for a Hong Kong republic. 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