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( Transfer of sovereignty of Hong Kong)
 The transfer of sovereignty of Hong Kong from the United Kingdom to the People's Republic of China, often referred to as the Handover, occurred on July 1, 1997. The event marked the end of British rule, and the transfer of sovereignty of Hong Kong back to Chinese rule. Hong Kong's territory was acquired from three separate treaties the Treaty of Nanking in 1842, the Treaty of Beijing in 1860, and The Convention for the Extension of Hong Kong Territory in 1898, which gave the United Kingdom the control of Hong Kong Island, Kowloon (area south of Boundary Street), and the New Territories (area north of Boundary Street and south of the Shenzhen River, and outlying islands), respectively. Although Hong Kong Island and Kowloon had been ceded to the United Kingdom in perpetuity, the control on the New Territories was a 99-year lease. The finite nature of the 99-year lease did not hinder Hong Kong's development as the New Territories was combined as a part of Hong Kong. By 1997, it was impractical to separate the three territories and only return the New Territories. In addition, with the scarcity of land and natural resources in Hong Kong Island and Kowloon, the New Territories were being developed with large-scale infrastructures and other developments, with the break-even day lying well past 30 June 1997. Thus, the status of the New Territories after the expiry of the 99-year lease became important for Hong Kong's economic development. In March 1979, the Governor of Hong Kong Murray MacLehose paid his first official visit to the People's Republic of China (PRC), taking the initiative to raise the question of Hong Kong's sovereignty with Deng Xiaoping. Without clarifying and establishing the official position of the PRC government, the arranging of real estate leases and loans agreements in Hong Kong within the next 18 years would be rather difficult. In fact, as early as the mid 1970s, Hong Kong had faced additional risks raising loans for large scale infrastructure projects such as its MTR system and a new airport. Caught unprepared, Deng asserted the necessity of Hong Kong's return to China, upon which Hong Kong would be given special status by the PRC government.
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Transfer of sovereignty of Hong Kong Articles
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