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Hong Kong. HKCC warned that satellite television (relayed
cheaply from one dish to numerous television sets within
Hong Kong's high rise buildings) could steal their audience,
thus undermining the financial viability of the cable project. Both sides are seeking Government support for their respective positions of protection and free for all.
6. The Hong Kong Government are committed to liberalising
restrictions on the reception of satellite TV but have no wish to see the collapse of the cable project.
They have said that they are prepared to consider ways of putting satellite TV on a more even footing with cable (eg by introducing a licence fee regime), subject to HKCC submitting a properly supported financial analysis of the
likely impact of satellite TV on its busines. This is
currently awaited.
7.
Sir Y K Pao's business empire also includes Lane
Crawford, the department store chain. In a highly publicised move. Lane Crawford announced in May that it was to transfer its legal domocile from Hong Kong to Bermuda. Although Lane Crawford is one of the smaller components of
one of World International Group, it may indicate the start of a reorientation for the entire group away from Hong Kong and further underlines the vulnerable state of corporate confidence in the territory.
8. Sir Y K Pao is a generous supporter of charitable
organisations and the arts in Hong Kong. He has taken a particular interest in higher education, not only in Hong
Kong but also in China and the UK. He paid for the construction of a new university at Ningbo, his place of
birth. Sir Y K Pao originally proposed that the Ningbo University Library (to be completed in 1990) should be named
after the Prime Minister and that a Library, to be named
after Deng Xiaoping, should be constructed at a British
University. Following the events of last June, however,
this idea was suspended because it was felt that the
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