The 1984 Sino-British Joint Declaration states that "Hong Kong should enjoy a high degree of autonomy in all areas except defence and foreign affairs" with reference to the underlying principle of one country, two systems. [note 2] This Declaration stipulates that Hong Kong maintains her capitalist economic system and guarantees the rights and freedoms of her people for at least 50 years after the 1997 handover. [note 3] Such guarantees are enshrined in the Hong Kong's Basic Law, the territory's constitutional document, which outlines the system of governance after 1997, albeit subject to interpretation by China's Standing Committee of the National People's Congress (NPCSC). [93] [94] Hong Kong's most senior leader, Chief Executive, is elected by a committee of 1,200 selected members (600 in 1997) and nominally appointed by the Government of PR China.

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