TNAG-1268-FCO40-1617-China-s-economic-relationship-with-Hong-Kong-Shenzhen-econom-1983 — Page 121

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TM 7952.14

PP HONG KONG

HONG TRONG

PP BTC ON

BTC HỒNG

RR FCO

KONG

RR FCO (FOR DOT

GR 390

RESTRICTED

FN PEKING 13233UZ APR 83

TO PRIORITY HONG KONG

TELNO 37 OF 13 APRIL

AND TO PRIORITY BTC HONG KONG

Аката

FEAS.

NO DISTRIBUTION

MKK09|||

RECEIVED NI REGNTRY NO.

20 MAY 1983

DESK OFFICE" INDEX

RPTD INFO FCO (FOR FED AND HKGD) AND DOT (FOR OTD4).

FOR POLITICAL ADVISER

Arlon Taken

PA

си

1C Mook

1. I ATTENDED A BANQUET ON 12 APRIL HELD TO MARK THE ESTABLISHMENT OF THE EVERBRIGHT (GUANGDA) INDUSTRIAL CORPORATION, A WHOLLY CHINESE NON-GOVERNMENTAL (MINJIAN) CORPORATION WHICH WILL HAVE ITS

HEADQUARTERS IN HONG KONG.

2. EVERBRIGHT'S CHAIRMAN, WANG GUANGYING, A FORMER DEPUTY MAYOR

OF TIANJIN AND BROTHER-IN-LAW OF LIU SHAQQI, INVITED KISSINGER TO PEKING ON 1 APRIL, AND THE CORPORATION'S INAUGURATION ON 11 APRIL

WAS ATTENDED BY ZHANG JINGFU, MINISTER RESPONSIBLE FOR THE STATE

ECONONIC COMMISSION.

"

3. IN HIS BANQUET SPEECH, WANG GUANGYING SAID THE CORPORATION'S **CHIEF TASKS ARE TO ABSORB FOREIGN FUNDS AND INTRODUCE ADVANCED TECHNOLOGY AND EQUIPMENT ... AT THE SAME TIME, IT WILL BE ENGAGED STEP BY STEP IN CAPITAL INVESTMENT ABROAD AND CO-OPERATION

WITH FOREIGN FIRMS IN JOINT VENTURES BOTH AT HOME AND ABROAD IN ORDER TO STEP UP THE PACE OF CHINESE ECONOMIC DEVELOPMENT, PROMOTE ITS STRUCTURAL REFORM OF THE ECONOMY AND CONTRIBUTE TO

HONG KONG'S PROSPERITY/THIS IS NO DOUBT A LOGICAL PART OF CHINA'S DRIVE TO IMPORT TECHNOLOGY. BUT GIVEN WANG'S SENIOR CONNECTIONS IT IS ALSO LIKELY THAT THE CORPORATION WILL REPORT ON THE ECONOMIC AND POLITICAL SITUATION IN HONG KONG, AND MAY EXERCISE SOME INFLUENCE IN PEKING.

4. WANG GUANGYING WISHES TO BRING A TEAM TO HONG KONG ON 23

APRIL TO SET UP THE CORPORATION OFFICE. THEREAFTER THE CORPORATION WILL BE LOOKING TO VISIT AND IN DUE COURSE SET UP OFFICES IN MAJOR INDUSTRIAL COUNTRIES AND AT HOME (PEKING, PROBABLY SHANGHA!, AND PERHAPS TIANJIN). THE 8-MAN MISSION WILL BE MET BY LIU HAO QING, THE DIRECTOR OF THE DONG FANG OIL COMPANY, WHICH IS ARRANGING ACCOMMODATION.

5. WE ARE PRESSING THEM FOR THEIR VISA APPLICATIONS AND HOPE YOU WILL BE ABLE EXPEDITE AUTHORITY TO ISSUE ONCE THESE ARE RECEIVED.

6. VBTC MAY WITH TO SEEK AN EARLY MEETING.

CRADOCK

CCN:

6. BTC MAY WISH TO SEEK

ETC

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