TNAG-1034-FCO40-1284-Visits-by-non-officials-from-Hong-Kong-to-the-UK-1981 — Page 97

SIR YUE-KONG PAO CBE LLD JP

Born 1918 Zhejiang Province, China.

Educated Shanghai and went

into banking. Took refuge in Hong Kong in 1949, entering

import/export business.

Purchased first ship in 1955 and formed

World-Wide Shipping Group. now the world's largest independent,

of which he is Chairman and President.

Banker by origin and instinct, remains a Director of Hongkong

and Shanghai Banking Corporation. Takes keen interest in

Intertanko (representing 80% of world's independent tanker

tonnage) of which he is Chairman.

Rumoured to be trying to

bring dry bulk tonnage under the wing of Intertanko which would

give it even greater influence.

Recently joined Hong Kong

Shipowners Association but stands aloof from Liberian Shipowners

Association although most of his fleet flies Liberian flag.

Guest of President and Mrs Marcos at UNCTAD V. Invited to

President Reagan's Inauguration. On visiting terms with Chinese

leadership where a cousin is Minister of Tourism. (Has $50 million

shipping joint venture with China). Frequent contacts with British

Ministers and called on Prime Minister in June 1979 and November 1980.

CBE 1976. Knighted 1978.

Married, four daughters.