Bo Xilai

Li keen on investment in Dalian

PUBLISHED : Tuesday, 09 March, 1993, 12:00am
UPDATED : Tuesday, 09 March, 1993, 12:00am


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TYCOON Li Ka-shing has shown a strong interest in investing in projects in Dalian, an industrial and port city at the southern tip of northeast province Liaoning.

Mr Li said after the opening ceremony of Dalian's trade fair in Hongkong yesterday that the city offered good investment potential.

He said his companies, Cheung Kong (Holdings) and Hutchison Whampoa, were looking at projects, including container terminals.

Mr Li declined to be specific because nothing had been finalised.

Dalian, the third-largest port in China, is eager to tap foreign capital for its development of container terminals at the new port at Dayao Bay, including construction of three wharves costing up to US$300 million.

Dalian Mayor Bo Xilai said: ''Mr Li has expressed deep interest and enthusiasm in various things in Dalian.'' Mr Bo, who is leading a 300-strong trade delegation, said the city welcomed foreign investors in its industrial, infrastructure, service and property projects.

More than 1,000 projects are on offer for foreign participation, co-operation or joint ventures at the trade fair, which runs until Friday in Wan Chai.

The opening ceremony was also attended by tycoon Henry Fok Ying-tung, CNT Group chairman Tsui Tsin-tong and Peter Woo Kwong-ching, chairman of Wharf (Holdings).