British Chinese Agreement On Hong Kong

It also approved a network of bilateral agreements between Hong Kong and other countries. Within the framework of these agreements, the continued application of some 200 international conventions to the HKSAR after 30 June 1997 was concluded. Hong Kong is expected to continue to participate in various international organizations after the handover. It was precisely at the moment when the atmosphere of the talks became cordial that members of Hong Kong`s Legislative Council felt impatient for the long-standing secrecy on the progress of the Sino-British talks on the Hong Kong issue. A request filed by lawmaker Roger Lobo said: “This Council considers it essential that all proposals for the future of Hong Kong be discussed in this Council before an agreement is reached,” it was adopted unanimously. [26] The agreement signed in 1984 was to last until 2047. The list included Hong Kong government officials, members of the Legislative and Executive Council, presidents of the Hong Kong and Shanghai Banking Corporation and Standard Chartered Bank, prominent businessmen like Li Ka-shing, Pao Yue-kong and Fok Ying-tung, Martin Lee Chu-ming and Szeto Wah. The Sino-British joint statement itself does not have a mechanism approved by both sides to ensure compliance. Although the Agreement is registered with the United Nations, it did not contain any monitoring mechanism by the United Nations. Therefore, only the signatories of the declaration have the right to assert possible violations of the conditions. Some political analysts thought there was an urgent need to reach an agreement because there were fears that Hong Kong`s economy would collapse without a treaty in the 1980s. Concerns about land ownership in the new leased territories have also contributed to the problem.