Young Li joins elite mission

Top News | Phoenix Un 6 Nov 2018

PCCW chairman Richard Li Tzar-kai has accepted an invitation to be part of the 100-member high-powered delegation to Beijing to be led by Chief Executive Carrie Lam Cheng Yuet-ngor, sources said.

Lam will lead the delegation comprising the political and business elite to visit Shenzhen and Beijing next week in celebration of the 40th anniversary of China's reform and opening up policy.

Many of the representatives are regarded as having contributed to the reform and opening up as well as the development of Hong Kong, including Chinese People's Political Consultative Conference vice chairman Leung Chun-ying.

Most tycoon families have been invited for their contribution to the economic reform and will send their second-generation members, including Richard Li, who has reportedly been tapped by CK Hutchison Holdings' Li Ka-shing to go. Neither Li Ka-shing nor the current CK Hutchison board chairman, Victor Li Tzar-kuoi, will be going.

Liaison office director Wang Zhimin will be the adviser of the delegation. They will go to Shenzhen before Beijing on Saturday and return to Hong Kong on Monday.

The delegation will be received by state leaders, and it is expected that President Xi Jinping will meet them in Beijing.

Lam also observed the exhibition area of Hong Kong at the China International Import Expo in Shanghai with Xi yesterday.

Themed "Hong Kong In," the SAR exhibition area is located inside the China Pavilion of the Country Pavilion for Trade and Investment.

Lam said the theme references Hong Kong's role in the 40 years of reform and opening up as the doorway to the international world for China, whose development, in turn, has given more opportunities to the SAR.

"Especially, as the president has mentioned, the opening up of financial services, and the president said the financial industry will be a priority in the next phase of reform and opening up, so Hong Kong will enjoy more opportunities given our status as an international financial center and our abundant financial talents," Lam said.

She also said Hong Kong could provide professional services to mainland enterprises when they develop in countries along the Belt and Road initiative.

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