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
Britons in Hong Kong Britons in Hong Kong Britons never made up more than a small portion of the population in Hong Kong, despite Hong Kong having been under British rule for more than 150 years. However, they did leave their mark on Hong Kong's institutions, culture and architecture. The British population in Hong Kong today consists mainly of career expatriates working in banking, education, real estate, law and consultancy, as well as a large number of British-born ethnic Chinese, former Chinese émigrés to the U.K., and Hong Kongers (mostly ethnic Chinese) who successfully applied for full British citizenship before the transfer of sovereignty