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March 8, 2014 |
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The 1990s in Hong Kong started with the future of Hong Kong decided in the Sino-British Joint Declaration. Under this background, Hong Kong made its way in a series of changes to prepare for the handover from Britain to China. In 1997, Hong Kong is Transfer of the sovereignty of Hong Kong|handed over to China|Chinese rule. This marked the end of colonial Hong Kong. However, soon afterwards, the Asian financial crisis broke out and the economy of Hong Kong fell from its peak. The 1990s in Hong Kong ended in lots of facade, with disagreements over the Chief Executive Tung Chee Hwa growing constantly. Various mediating measures are done between 1990 to 1997 to prepare for the handover. Chris Patten was sent from Britain to replace Wilson, the previous governor of Hong Kong|governor, and Patten knew clearly from the beginning of his rule that his work is to ensure the smooth transition between UK and PRC rule. Migration problems Many great families in Hong Kong, such as the Shaw family, left Hong Kong in fear of any bad effect to the economy of Hong Kong after transition to communist PRC rule. Following this, many other Hongkongers left Hong Kong and headed for Britain with their UK BNO passport. As a result, the colonial government banned the Hong Kong BNOs from having the right of abode in Britain homeland but left 60,000 abode-in-Britain quotas for various Hong Kong businessmen to apply for. main|Transfer of the sovereignty of Hong Kong At midnight on July 1, 1997, in the handover ceremony was held at the new wing of the Hong Kong Convention and Exhibition Centre, Wan Chai, the Flag of United Kingdom was lowered and the flags of flag of Hong Kong|Hong Kong and flag of China|China were flown. This event marked the transfer of sovereignty of Hong Kong from British colonial rule to China|Chinese rule. Guests participated in the handover ceremony included Charles, Prince of Wales|HRH Prince Charles, Chairman of the People's Republic of China Jiang Zemin, the last Hong Kong governor Chris Patten, and Tung Chee-hwa, the first Chief Executive of Hong Kong SAR. After the handover, Hong Kong was officially returned to China, with the new post of Chief executive of Hong Kong|chief executive, first incumbent by Tung Chee Hwa, replacing and succeeding the former post of Governor of Hong Kong|governor, last incumbent by Chris Patten. Hong Kong was renamed as Hong Kong Special Administrative Region (HKSAR) right after the handover. Category:History of Hong Kong|90s This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "1990s in Hong Kong".
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