A spectacular fireworks display was staged over the Victoria Harbor in Hong Kong on Monday evening to celebrate the 15th anniversary of Hong Kong's return to its motherland. Sponsored by the Chinese General Chamber of Commerce, the 23-minute fireworks spectacle began at 20:00 Monday, attracting large crowds of people. A handover ceremony was held on July 1, 1997, to mark China's resumption of the exercise of sovereignty over Hong Kong. Thousands of pro-democracy demonstrators have gathered on the streets of Hong Kong to protest the 15th anniversary of Chinese rule. Chinese President Hu Jintao visited the city earlier, swearing in businessman CY Leung as the territory's new leader. Beijing has a "one country, two systems" policy with Hong Kong, where residents are allowed more political freedoms than the Chinese mainland. However, protesters complain that that the Electoral College in Hong Kong is unfairly loyal to Beijing, electing only candidates chosen by the state without a general election.