At the brink of the ultimatum, protesters from Hong Kong Federation of Students have agreed to settle matters in a peace talk conducted Monday morning.

Lester Shum, deputy secretary general of the movement, said that both parties have failed to reach a mutual agreement but are willing to carry on.

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The press conference was attended by three government representatives including leaders of the student organization. Shum said that their group demands equal treatment from authorities and a genuine political change as result of the discussion.

On Sunday, Hong Kong Chief Executive Leung Chun-ying appealed to the demonstrators to vacate commercial and business areas in Mong Kok and Admiralty. Protesters peacefully gave way for workers to enter the Central Government Office Building with no apparent sign of police action, CNN reported.

The Occupy Central movement, spearheaded by students, was formed calling Beijing to withdraw its full multi-party elections. According to Charles Powell, a former aide to the late British Prime Minister Margaret Thatcher, China will not succumb to the protesters goal especially that all rulings are based on the Basic Law.

He told BBC Radio 4 that Britain did not entirely colonized Hong Kong and it has been a part of China ever since. In contrast, the U.S.-China Economic and Security Review expressed support to Occupy Central in its desire to achieve universal suffrage and the freedom to independently choose their leaders.

China responded that any propaganda to steer Hong Kong into total democracy would be detrimental to China and its people. A Singapore daily quoted Foreign Minister K. Shanmugam saying that China will remain firm and plans on instituting "major political change to copy the Western models in the short term" are far-fetched.

Hong Kong authorities have arrested 30 student activists since the public clashes over the weekend. About 165 were injured - 120 male and 45 female - including a handful of policemen overseeing the rally. Police spokesman Hui Chun-tak said the government and the public will not tolerate any acts of violence as means of expressing their sentiments.

TagsHong Kong Federation of Students, Chief Executive Leung Chun-ying, politics, Shum, Hong Kong Law, Hong Kong