It was considered the more conservative wing of the Group of 89 formed by established elites in the debate of drafting the Hong Kong Basic Law and democratisation.

Core founding members included Raymond Wu Wai-yung, Maria Tam Wai-chu, Kan Fook-yee, Chan Wing-kee, Lee Jung-kong, Veronica Cha, Philip Kwok Chi-kuen and Peter Wong Hong-yuen, and was supported by Lo's cousin Henry Litton, Tso Wung-wai, Elsie Leung and the later Chief Executive Leung Chun-ying.

[2][5] The alliance won one seat in the 1991 election of the Legislative Council of Hong Kong, Philip Wong in the Commercial (Second) functional constituency.

Ronnie Wong Man-chiu and Winnie Cheung Wai-sun contested the Island West constituency on a joint-ticket but were beaten by the United Democrats team of Yeung Sum and Huang Chen-ya.

The alliance opposed to the last Governor Chris Patten's constitutional reform of the functional constituency enlargement in 1992, thought that it would damage the Sino-British relations and the stability of Hong Kong before the handover in 1997.