Flag of Hong Kong (1959–1997) Flag of Hong Kong (1959–1997) The Flag of Hong Kong between 1959 and 1997 was a Blue Ensign with the coat of arms of Hong Kong on a white disk. In Hong Kong, it is also nicknamed the Hong Kong flag (Chinese: 香港旗) or the Dragon and Lion flag (Chinese: 龍獅旗). In 1959, following a grant from the College of Arms and with the consent of Queen Elizabeth II, it was adopted as the flag of British Hong Kong. While the flag lost its official status following 1 July 1997 transfer of sovereignty over Hong Kong, it resurfaced in the
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