How Hong Kong's Banks Turned Chinese

They are followed by Hong Kong Chief Executive Leung Chun-ying, his wife Liang Tangqing, and Chief Executi

"The road ahead may not be smooth, but our commitment to 'one country, two systems' remains unchanged, and our resolve remains firm and strong", said Xi when addressing a welcome dinner hosted by the government of the Hong Kong Special Administrative Region (HKSAR).

There was no trace of the protest that had taken place in the same square three days ago, when campaigners chained themselves to the now-gleaming golden Bauhinia statue, and draped it in black.

Much to Beijing's chagrin, people still display British colonial emblems out of nostalgia and longing for a time they feel had faster economic growth and better opportunities.

Professor Lau Siu-kai, vice-chairman of the Chinese Association of Hong Kong and Macau Studies, a semi-official think tank, said Xi delivered a tougher message than in speeches by former presidents Hu Jintao and Jiang Zemin.

The swearing in function was held on the day when the territory marks its 20th anniversary of the city's handover from British to Chinese rule.

Recurrent in the images are the themes of nationalism versus colonialism, justice and freedom under Beijing's control, and the color red, a symbol of good fortune and Beijing support.

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Of the 1,995 companies listed on Hong Kong's main board and Growth Enterprise Market in 2016, 989 were mainland companies, according to data from the Hong Kong Exchange.

Chinese President Xi Jinping is vowing no tolerance for any acts seen as jeopardizing Hong Kong and China's stability and security.

Earlier, Xi swore in Carrie Lam as Hong Kong's first female Chief Executive.

A protester said more and more people were getting frustrated by the increasing influence of Beijing on the city, which is supposed to enjoy a high degree of autonomy. This year's rally coincided with the first visit by the Chinese president and creeping pessimism over Beijing's increasingly hardline stance towards the territory.

Cabestan said it was clear that Xi's priority is for Lam, to revive efforts to bring in long-delayed national security legislation, which pro-democracy activists fear will be used to suppress dissent, and patriotic national education in schools, which parents fear is a cover for pro-Communist "brainwashing".

While the Hong Kong Chinese also helped transform food culture in Vancouver, Yu said their arrival also bred resentment from others, including Chinese immigrants who preceded them.

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The Hong Kong Basic Law, part of the treaty governing the handover of power from Britain to China and meant to protect the rights of Hong Kong for 50 years after the transition has been "ripped up" just 20 years into the deal, reports The Times.

For Hong Kong, the focus is not whether the principle will change or not, but how to implement it comprehensively and accurately, Xi stressed.

However, the discrepancy between Hong Kong's democratic traditions and China's one-party rule has been a polarizing issue and occasionally leads to street demonstrations in the former British colony.

They were taken away by police after a pro-Beijing group tried to confront the group that included activist Joshua Wong, but were later released.

Some protesters carried neon yellow umbrellas, in a symbolic invocation of pro-democracy protests in 2014 known as the Umbrella Revolution, the most significant popular challenge to Chinese rule in recent years.

They were swiftly stopped by police and Chinese-flag-waving counter-protesters, with the action ending about an hour later.

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The PLA is responsible for defending the city and comprises only mainland troops, with Hong Kong residents unable to serve, but it is barred from interfering in local affairs.

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