Hong Kong cultural policy refers to the development and preservation of Hong Kong's arts and cultural heritage. Globally, Hong Kong is perhaps best known for its role as an international financial centre and shopping hub, and not for its artistic and cultural offerings. The popular stereotype of the city holds that its residents are far too focused on getting and spending to concern themselves with the ephemeral affairs of art and culture. Yet in recent years the city's government, residents, and the media have brought more attention to the development of the city's arts scene and preservation of the former British colony's unique cultural heritage. It has been argued that the role of art and culture in Hong Kong has taken on increasing prominence in city's search for an identity in the ten years since China resumed sovereignty over the territory. The limitations on democracy in post-colonial Hong Kong may lead more residents to seek expression or confirmation of their identities through arts and culture. Cultural policy The administration of arts and culture in Hong Kong has undergone major changes since Hong Kong's handover to China in 1997. Cultural matters, previously under the auspices of the two Municipal Councils, now fall mainly under the purview of the Leisure and Cultural Services Department (LCSD) and the Hong Kong Arts Development Council (ADC). The government's formal cultural policy statement is available on the website of the Home Affairs Bureau. The ADC is a statutory body established in 1995 to replace the former Council of Performing Arts. The ADC is responsible for promoting broad development of the arts, makes recommendations to the government on cultural policy and development and provides funding for cultural organisations. However, the ADC has been criticised for lacking the executive power and resources to implement policies directly. The current chief executive of the ADC, Jonathan Yu, took up his position in April 2005 after more than two decades with the Kowloon–Canton Railway Corporation. The LCSD organises artistic and cultural activities and manages a number of cultural facilities. LCSD manages 15 performance venues and 16 museums throughout Hong Kong. The Antiquities and Monuments Office, part of the LCSD, is responsible for heritage conservation and education in Hong Kong. The Culture and Heritage Commission (CHC) was set up in April 2000 to advise on cultural policy and funding priorities. Its Policy Recommendation Report, submitted in April 2003, has been adopted as