On this day, 35 years ago, April 4, 1990 (March 9, 1990, the Lunar Calendar), the Basic Law of the Hong Kong Special Administrative Region was promulgated. On February 17, 1990, party and state leaders met with members attending the ninth plenary session of the Drafting Committee of the Basic Law of the Hong Kong Special Administrative Region. On April 4, 1990, the Third Session of the Seventh National People's Congress adopted the "Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China", which was promulgated on the same day and will come into effect on July 1, 1997. The Basic Law has 10 chapters and 160 articles, with a preamble and 3 annexes. In the "Preamble", the Basic Law points out that the Hong Kong Special Administrative Region is established in accordance with the provisions of Article 31 of the Constitution, and in accordance with the policy of "one country, two systems", socialist systems and policies will not be implemented in Hong Kong. The Basic Law stipulates in Chapter 1 "General Provisions" that the Hong Kong Special Administrative Region is an inalienable part of the People's Republic of China. The National People's Congress authorizes the Hong Kong Special Administrative Region to exercise a high degree of autonomy in accordance with the provisions of this Law and enjoy executive power, legislative power, independent judicial power and final adjudication power. The executive and legislative bodies of the Hong Kong Special Administrative Region shall be composed of Hong Kong permanent residents in accordance with the relevant provisions of this Law. The Hong Kong Special Administrative Region does not implement the socialist system and policies, and maintains the original capitalist system and way of life, which will remain unchanged for 50 years. The land and natural resources in the Hong Kong Special Administrative Region are owned by the state. The government of the Hong Kong Special Administrative Region is responsible for managing, using, developing, leasing or granting them to individuals, legal persons or groups for use or development. All of their income belongs to the Hong Kong Administrative Region. The laws previously in force in Hong Kong, namely common law, equity, ordinances, subsidiary legislation and common law, shall be retained unless they conflict with this Law or have been amended by the legislature of the Hong Kong Special Administrative Region. In addition to flying the national flag and national emblem of the People's Republic of China, the Hong Kong Special Administrative Region may also use the Hong Kong Special Administrative Region flag and regional emblem. The Basic Law stipulates in Chapter 2,"Relationship between the Central Government and the Hong Kong Special Administrative Region": The Hong Kong Special Administrative Region is a local administrative region of the People's Republic of China that enjoys a high degree of autonomy and is directly under the Central People's Government.