Its retention beyond the handover with Beijing's blessing underpinned confidence in Hong Kong's continued role as an international business hub.

CNN: The Cost of a Pegged Dollar

When Tung, with Beijing's blessing, ran for Hong Kong chief executive in 1996, it was no surprise that Li backed him.

CNN: Master of Guanxi

This political disaster turned out to be a blessing in disguise for Mr Patten, who was rewarded for his election efforts with the governorship of Hong Kong.

BBC: Profile: Lord Patten