Handover of Hong Kong Handover of Hong Kong The transfer of sovereignty over Hong Kong, commonly known as the handover of Hong Kong (or simply "the Handover", also "the Return" in mainland China) was the transition of control over the former British colony of Hong Kong from the United Kingdom to the People's Republic of China on 1 July 1997. The returned territory comprised Hong Kong Island and the Kowloon Peninsula, which were respectively ceded to Britain in 1842 and 1860, as well as the New Territories, which were leased for 99 years from 1898. The transfer was arranged to coincide with the expiration
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