The "1992 Consensus", on the "one-China" principle and its respective verbal 
wording of both sides, was reached in a meeting in November 1992 held in Hong 
Kong by the Association for Relations Across Taiwan Straits (ARATS) of the 
mainland, headed by Wang Daohan, and the Straits Exchange Foundation (SEF) of 
Taiwan, led by Koo Chen-fu. The consensus is that "both sides of the (Taiwan) 
Straits adhere to the 'one-China' principle" and orally explain the principle 
respectively. 
As exchanges in trade, economy and other fields across the Taiwan Strait have 
kept increasing since late 1987, the Taiwan authorities adjusted its policy of 
"no contact, no concession and no negotiation" and set up SEF to contact and 
negotiate with the Chinese mainland over problems occurred. The Chinese mainland 
agreed to hold negotiations by setting up ARATS in December 1991 to promote 
exchanges across the Straits. 
At the start of negotiations about affairs concerning both sides of the 
Taiwan Straits, ARATS put forward that it was necessary to persist in the 
"one-China" principle in negotiations and agreements, though the political 
content may not be discussed as long as the "one-China" stand is advocated, and 
the ways to express "one-China" could be fully discussed. 
The "national reunification committee" in Taiwan also reached aconclusion 
about the content of "one-China" in August 1992. 
From Oct. 28 to 30, 1992, the ARATS and SEF held negotiations over the use of 
notarized documents across the Strait in Hong Kong,and each side proposed five 
definitions about the ways to express the issue of adherence to the "one-China" 
principle, but failed to reach a consensus. 
SEF representative soon suggested that both sides could state their stands 
orally and added three other oral expressions, and ARATS were asked to take down 
the verbal expressions about the "one-China" stand tabled by the SEF. 
On Nov. 3, SEF informed ARATS of the oral expression about "one-China" it 
tabled being approved by the relevant leading departmentin Taiwan. ARATS agreed 
to the SEF's suggestion of stating the "one-China" attitude based on their 
respective oral explanations ina letter sent to the SEF on Nov. 16, but 
emphasizing both sides of the Straits persist in the "one-China" principle and 
work had to pursue reunification, without talking about the political meaning of 
one China in negotiations of affairs concerning both sides of the Straits. The 
SEF showed no disagreement in its letter of replyto ARATS on Dec. 3. 
A Summary of the Wang-Koo Talks published by the SEF in August 1993 stated 
that the consensus reached by ARATS and SEF were quite clear: both sides had 
worked hard to seek common points while reserving differences in explaining the 
political content of one China.