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MON
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No
thats
sunely?"
Moang Guazying
Da Everbright
4. Earlier, the Workers' Daily had reported the establishment on 1 April of the "Wang Kuancheng Educational Fund", with capital of US$ 100 million put up by Wang Kuancheng, the well known Hong Kong figure and CPPCC Standing Committee member. (I confess I am not sure who he is). The object of the foundation is the development and training of the motherland's scientific personnel. Each year up to 50 students from the mainland, Taiwan, Hong Kong and Macau will be chosen by examination to study for degrees abroad. Their fields of study will be in areas of national priority. The capital is to be divided into two equal parts for investment. One half will be entrusted by the State Council to the management of the China International Trust and Investment Corporation (CITIC), and the other half will be invested in Canada, the USA and Hong Kong.
Yours ever, Tom
TW M Smith
Second Secretary
CC:
J Ashton Esq, FED, FCO RP Margolis Esq, Hong Kong