RESTRICTED
016705 MDLIAN 4051
(90)
RESTRICTED
FM BTC HONG KONG
TO ROUTINE DTI
TELNO INDUS 6
OF 200939Z AUGUST 91
AND TO ROUTINE PEKING
Pa
НКВ 18213.
FOR ADAMS PEP 1B
89
YOUR INDUS 18: HONG KONG AIRPORT PROJECT
·
1 CHINA MERCHANTS ENGINEERING AND INVESTMENT, AND YIU LIAN ENGINEERING ARE BOTH SUBSIDIARIES OF THE CHINA MERCHANTS GROUP WHICH IS A STATE-OWNED CHINESE ORGANISATION BASED IN HONG KONG.
CHINA MERCHANTS DATE BACK TO 1872 AND WERE UP TO 1978 THE CHINESE MERCHANTS STEAM NAVIGATION COMPANY. SINCE THEN CHINA MERCHANTS
HAS WIDELY DIVERSIFIED. IN 1985 CHINA MERCHANTS HOLDINGS WAS SET UP TO CONTROL THE MANY SUBSIDIARIES AND INTERESTS OF THE COMPANY. AT PRESENT THERE ARE SOME 25 WHOLLY OWNED SUBSIDIARIES IN HONG KONG AND 40 OR MORE IN CHINA, PLUS HUNDREDS OF JOINT VENTURES. THE GROUP HAS SOME 24,000 IN ITS WORKFORCE AND THE TOTAL VALUE OF ITS ASSETS WAS ESTIMATED IN 1988 AT HK DOLLARS 8 BILLION. ITS PIONEERING WORK WITH THE SUCCESSFUL SHEKOU INDUSTRIAL ZONE (WHICH IT RUNS AS A VIRTUAL ONE COMPANY FIEF) POINTS TO A DEGREE OF POLITICAL INFLUENCE.
2. YIU LIAN ENGINEERING AND HEAVY INDUSTRY CO WAS SET UP IN 1987 AS A WHOLLY OWNED SUBSIDIARY OF YIU LIAN DOCKYARDS LTD, AND SPECIALISES IN STEEL STRUCTURES. YIU LIAN DOCKYARDS, WITH EUROAISA DOCKYARD LTD (BOTH WHOLLY OWNED BY CHINA MERCHANTS) TOGETHER RUN THE MOST IMPORTANT SHIP-REPAIRING FACILITIES IN HONG KONG.
3. CHINA MERCHANTS ENGINEERING AND INVESTMENT CO WAS SET UP 9
YEARS AGO TO SPECIALISE IN ROAD AND BRIDGE CONSTRUCTION BOTH IN HONG KONG AND OVERSEAS. THEY HAVE ACTED AS MAIN CONTRACTORS ALONE AND ALSO THROUGH CHINA ROAD AND BRIDGE ENGINEERING CO (HK) WHICH
IS A JOINT VENTURE WITH A CHINESE COMPANY.
4. CHINA UNITED SHIPBUILDING WAS SET UP IN 1986 AS THE HONG KONG BASED OVERSEAS AGENT FOR THE CHINA STATE SHIPBUILDING CORPORATION. PEKING WILL DOUBTLESS BE ABLE TO GIVE BACKGROUND TO
THIS LARGE ORGANISATION.
1
PAGE
RESTRICTED
No comments yet.
Private notes are available after approval.