The Joint Declaration of the Salts and the British consists of eight paragraphs, three annexes on basic policy for Hong Kong, the Sino-British Joint Liaison Group and the Land Leases, as well as the two memorandums of both parties. Each party has the same status and “the whole forms a formal international agreement, legally binding in all its elements. Such an international agreement is the highest form of engagement between two sovereign states. [10] As part of these declarations, the Hong Kong Special Administrative Region is under the control of the central government of the People`s Republic of China and enjoys a high degree of autonomy, with the exception of foreign affairs and defence. It is authorized to have executive, legislative and independent powers, including final decision-making power. The Basic Law specifies that in addition to Chinese, English can also be used in government bodies and that in addition to the national flag and the national emblem of the PRC, the HKSAR can use its own regional flag and logo. It aims to maintain the capitalist economic and commercial systems previously practiced in Hong Kong. The third paragraph lists the basic policy of the People`s Republic of China with regard to Hong Kong: in March 1979, the Governor of Hong Kong, Murray MacLehose, made his first official visit to the People`s Republic of China (PRC) and took the initiative to raise the issue of Hong Kong sovereignty with Deng Xiaoping. [7] Without clarification and definition of the official position of the Government of the People`s Republic of China, it would be difficult to arrange real estate and loan leases in Hong Kong in the next 18 years. [5] The Communist press published reports that the project was a bad plan to bleed Hong Kong before handover and let the territory take on serious debt. [135] After three years of negotiations, Britain and the PRC finally agreed on the construction of the new airport and signed a Memorandum of Understanding.

[136] To remove the hills and reclaim the land, it took only a few years to build the new airport. One of the most important achievements has been to ensure the continuity of the independent judicial system in Hong Kong, including agreements in the areas of commercial navigation, civil aviation, nuclear materials, whale fishing, underwater telegraph, space and many others. It also agreed to a network of bilateral agreements between Hong Kong and other countries. Under these agreements, agreements were reached for the continued implementation of some 200 international conventions to HKSAR after 30 June 1997. Hong Kong is expected to continue to participate in various international organizations after the handover. Just as the atmosphere of the discussions became cordial, members of the Hong Kong Legislative Council were impatient with the long-standing secrecy of the progress of the Sino-British talks on the Hong Kong issue.