Page
OCMIAN 0749
CONFIDENTIAL
PP HOKON
FM FCOLN TO HOKON
051430Z AUG
GRS 115
CONFIDENTIAL
FM FCO
TO PRIORITY HONG KONG
TELNO 2106
OF 051430Z AUGUST 87
CONFIDENTIAL
TOR COPY
Q D194-7
て
H&B 010/6
RECE, Sita dela
1 0 AUG 1987
FOLLOWING PERSONAL FOR FINANCIAL SECRETARY FROM HUM, HKD
LI KA-SHING
1. THE BANK OF ENGLAND HAVE HEARD THAT WHEN LI KA-SHING GAVE
EVIDENCE IN CAMERA TO THE TRIBUNAL SET UP LAST YEAR TO INVESTIGATE
ALLEGATIONS OF INSIDER TRADING, HE HAD THINGS TO SAY
WHICH CAST INTERESTING LIGHT ON HIS VIEW OF HONG KONG'S FUTURE.
2. WOULD IT BE POSSIBLE FOR YOU TO GET HOLD OF A TRANSCRIPT OF
PROCEEDINGS? WE SHOULD LIKE TO READ IT IF IT IS AVAILABLE.
GLENARTHUR
OCMIAN 0749
NNNN
YYYY
LIMITED
HKD
MR GILLMORE
1
CONFIDENTIAL
COPIES TO!
MR. P. KENT, BANK/ENGLAND.
ش
Reference
TO:
MR CRUICKSHANK
FROM:
PAUL STEEPLES
PS/Secretary of State for
Trade & Industry
Room 803
1 Victoria Street
215 5422
24 July 1987
сс
Mr Cooke
Mr Benjamin Mr Goodman
Mr Beston
Mr Priston Mr Tracey
Mr Morris, FCO
MEETING WITH MR LI KA-SHING : 22 JULY 1987
て
سلا ساز
"
(pons) PA(L)
Le 31/7
се
Those present
Secretary of State for Trade & Industry Mr Benjamin
Mr Cruickshank
Mr Li Ka-Shing
Lord Derwent
Mr Simon Murray, Group Managing Director,
Hutchinson Whampoa Ltd
SUMMARY
The meeting discussed Mr Li's wish to invest in the UK, power station projects in Hong Kong and China, the future of Hong Kong and the Lantau Island project.
DETAIL
2
Mr Li said that he was keen to invest in the UK. He wished to work in partnership, or to buy a UK company and was examing prospects for doing this. His company was heavily involved in the USA and Canada, and now represented 80-100 companies in the UK. The Secretary of State confirmed that the UK had the best economic climate that he had experienced in his life time, and this achievement seemed to be solid.
DW5BSQ
CODE 18-77
}
?
Reference
3
Mr Li referred to NEI's possible order from Hong Kong Electric, and a further power station project in China, of which Phase I would be of 700MW, which may use NEI equipment. He said he would be seeing NEI twice on this visit, and hoped that they would work well with possible Japanese partners. Observers from China would be visiting Hong Kong Electric, and if the order were won they would be able to see NEI equipment at work.
4
to
Lord Derwent pointed to the continuing importance of businesses remaining in Hong Kong after 1997. This seemed to have been accepted by US, Canadian and Australian companies but did not seem be accepted by UK ones. Mr Li agreed. His company was the agent for Lockheed in China, where they intended to begin the manufacture of aircraft parts. He believed it would be possible for UK companies to take a similar initiative.
5
Mr Benjamin asked for Mr Li's view of the Lantau airport project being promoted by Gordon Wu. Mr Li confirmed that he was strongly committed to this project, though he was allowing Mr Wu to take a high profile in promoting it. He thought there would be no problem with project finance, and that it would provide major opportunities for UK companies.
In sum, the
project was only waiting for Government approval in order to go ahead.
Paul Steeples
PAUL STEEPLES
DW5BSQ
CODE 18-77