Hong Kong and Macau Affairs Office
In accordance with the One Country, Two Systems principle agreed between the United Kingdom and the People's Republic of China, the socialist system of People's Republic of China would not be practised in the Hong Kong Special Administrative Region (HKSAR), and Hong Kong's previous capitalist system and its way of life would remain unchanged for a period of 50 years. The Joint Declaration provides that these basic policies shall be stipulated in the Hong Kong Basic Law. The ceremony of the signing of the Sino-British Joint Declaration took place at 18:00, 19 December 1984 at the Western Main Chamber of the Great Hall of the People. The Hong Kong and Macau Affairs Office at first proposed a list of 60–80 Hong Kong people to attend the ceremony. The number was finally extended to 101. The list included Hong Kong government officials, members of the Legislative and Executive Councils, chairmen of The Hongkong and Shanghai Banking Corporation and Standard Chartered Bank, Hong Kong celebrities such as Li Ka-shing, Pao Yue-kong and Fok Ying-tung, and also Martin Lee Chu-ming and Szeto Wah.