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
Consular missions in Hong Kong transfer of sovereignty, North Korea, which had not been allowed to establish a trade mission in Hong Kong during British rule, was able to open a Consulate-General in February 2000. Similarly, Iran was also able to re-establish its Consulate-General, giving rise to concerns that the country could gain access to arms smuggled through Hong Kong, a free port. This had been closed by the British Government in 1989 following the Rushdie Affair. Bhutan, which did not have diplomatic relations with either Beijing or Taipei at the time of the transfer of sovereignty, was able to maintain an honorary consulate in