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
British Hong Kong one of the colony's wealthiest people by this time. During China's turbulent period in the 20th century, Hong Kong served as a safe haven for dissidents, political refugees, and officials who lost power. British policy allowed dissidents to live in Hong Kong as long as they did not break local laws or harm British interests. The implementation of this policy varied according to what the senior officials thought constituted British interests and the state of relations with China. The Canton–Hong Kong strike (1925–1926) was anti-imperialist in nature. The 1966 riots and Maoist-led 1967 riots, essentially spillovers from the Cultural Revolution,