TNAG-1817-FCO40-2578-Broadcasting-in-Hong-Kong-1988 — Page 226

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companies in Hong Kong may be completely held by foreign

nationals

the majority shareholders being foreign

foreign

nationals residing in Hong Kong; and the rest,

nationals not residing in Hong Kong. If the shares were

all held by foreign nationals, would it not mean that the Executive Directors and the principal administrators would

all then be foreign nationals? If so, then the management

television broadcasting of

be in broadcasting would

hands the

foreign nationals.

5.

of

While

The television licences, if valid beyond 1997,

would be relevant to the Hong Kong SAR Government. the Hong Kong SAR would protect the financial gains of

investment, it is believed that it would

to allow foreign nationals

not

foreign

definitely

management

broadcasting.

control

the

of an

area

as

important as

television

0186Z