Joint Declaration between the Government of the United Kingdom and the Government of the People's Republic of China regarding Hong Kong.
Signatories: Margaret Thatcher (UK) and Zhao Ziyang (China).
Aims for a negotiated settlement on Hong Kong to maintain prosperity and stability.
Describes a transition plan for sovereignty over Hong Kong effective from July 1, 1997.
Effective Date: Sovereignty over Hong Kong will transfer to China on July 1, 1997.
Acknowledgement of the aspirations of the Chinese people to recover Hong Kong.
Governance: The Hong Kong SAR will operate under the authority of the Central People's Government of China.
Autonomy: High degree of autonomy except in foreign and defence affairs.
Government Composition: Local inhabitants will govern, with the chief executive appointed based on local elections.
Protection of personal and civil rights, including freedom of speech, press, assembly, religion, property ownership, and economic activities.
Continuation of current social and economic systems post-handover.
Hong Kong retains status as a free port, separate customs territory, and international financial centre.
Free flow of capital; the Hong Kong dollar remains convertible.
Legislative and financial independence is guaranteed.-
The policies stipulated in the declaration will remain unchanged for 50 years, ensuring stability.
Judiciary: The SAR has independent judicial power, maintaining existing laws barring conflicts with the Basic Law.
UK government will administer Hong Kong until the transfer date, ensuring stability and economic prosperity.
Formation of a Sino-British Joint Liaison Group to oversee the transition and implementation of the declaration.
The Joint Declaration is subject to ratification and will take effect after the exchange of ratification instruments by June 30, 1985.
Details on governance, legal maintenance, protection of rights, and remaining capitalist systems in Hong Kong.
Establishment of the group for communication between UK and China.
Responsibilities include monitoring the transition process, discussing bilateral issues relating to Hong Kong.
Provisions governing land leases in Hong Kong post-handover, including extensions and financial arrangements.
UK and Chinese memoranda detailing citizenship transitions and rights following the handover.
Transition of BDTCs' status post-July 1, 1997, and clarifications on their rights.
Recognition of all Hong Kong Chinese nationals as citizens under Chinese law irrespective of prior BDTC status.
The Joint Declaration sets foundational principles for the governance and autonomy of Hong Kong under Chinese sovereignty, ensuring the retention of its economic and social systems for a specified period.