Military history of Hong Kong soldiers in barracks throughout Hong Kong, including the British Forces Overseas Hong Kong. Its finance was supported by the Hong Kong Government. The People's Republic of China's State Council assumed sovereignty over Hong Kong on 1 July 1997 and stationed a garrison of the People's Liberation Army (PLA) to manage its defence affairs. Although the garrison has little practical military value, the stationing of the PLA troops in Hong Kong is a significant symbol of the PRC government's assumption of sovereignty over Hong Kong. According to Hong Kong's Basic Law, military forces stationed in Hong Kong shall not interfere with
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