On this day, 28 years ago, on June 28, 1997 (May 24, 1997, the Chinese calendar), the State Council authorized the Hong Kong Special Administrative Region Government to accept the assets of the original Hong Kong Government. On June 28, 1997, the 59th executive meeting of the State Council adopted the "Decision of the State Council of the People's Republic of China on Authorizing the Government of the Hong Kong Special Administrative Region to Accept the Assets of the Former Hong Kong Government". The full text is as follows: The State Council decided to authorize the Hong Kong Special Administrative Region of the People's Republic of China The government will receive and be responsible for reviewing all assets and debts of the former Hong Kong government from July 1, 1997, and will manage them independently in accordance with the relevant laws of the Hong Kong Special Administrative Region.