 In response to the 1995 fully elected legislature, the Beijing government set up the Provisional Legislative Council (PLC) with conservative majority.Hamish Macleod, Financial Secretary of Hong Kong between 1991 and 95, coined the term "consensus capitalism", suggesting that the community had reached a consensus on the merits of Hong Kong's brand of capitalism, which was to "encourage free enterprise and competition, while promoting equity and assistance for those who need it...because the community righty expects a fair deal for everyone, and in particular that raw competition be tempered by help for those less able to compete.