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  • Updated: 9:24am
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POLITICS

Former chief executive Tung Chee-hwa to lead tycoons on visit to Beijing

Discussions with Xi Jinping and Zhang Dejiang expected to cement support for NPC's decision on model for 2017 election of city's leader

PUBLISHED : Thursday, 04 September, 2014, 3:51am
UPDATED : Thursday, 04 September, 2014, 7:33am
 

Former chief executive Tung Chee-hwa will lead Hong Kong tycoons and business elites to meet state leaders in Beijing as the central government garners support for its controversial decision on political reform.

In a high-profile pledge to support Beijing's tough framework on the city's first popular vote for its leader in 2017, Tung confirmed the visit to Beijing later this month.

He declined to provide more details yesterday at his first press conference since he quit the top job in 2005.

"Yes, there will be a visit to Beijing. But the details have yet to be finalised and I will provide more information when it's available," said Tung, who is now a vice-chairman of the Chinese People's Political Consultative Conference, the nation's top advisory body.

A source familiar with the matter, speaking on condition of anonymity, said tycoons - including Cheung Kong chairman Li Ka-shing, New World Development chairman Henry Cheng Kar-shun, Henderson Land Development chairman Lee Shau-kee and Ian Fok Chun-wan, son of late tycoon Henry Fok Ying-tung - had been invited to meet President Xi Jinping and the chairman of the National People's Congress, Zhang Dejiang .

A spokesman for Gordon Wu Ying-sheung, chairman of Hopewell Holdings, said Wu had been invited to visit Beijing between September 21 and 22, while Stanley Lau Chin-ho, the chairman of the Federation of Hong Kong Industries, has also been invited.

The National People's Congress Standing Committee laid down a tougher-than-expected framework for the city to choose its chief executive by universal suffrage.

Only two or three candidates would be allowed to run and they would require the support of more than half the members of a nominating committee that is likely to be made up mainly of Beijing loyalists.

Lau believed the visit would be aimed at clearing any doubts in the business sector about reform.

Meanwhile, Vice-President Li Yuanchao met representatives of the Chinese Manufacturers' Association of Hong Kong in Beijing yesterday.

It was the first visit by business leaders since Beijing made its ruling on Sunday, and Li called on the city's commercial, industrial and professional elites to show their support.

After the meeting, the association's president, Irons Sze Wing-wai, said: "The vice-president has said that the city's electoral system cannot be decided by 'street politics'… and he said some people should not oppose NPC decisions [just] because they are deemed as not being able to stand in the election."

The spokesmen for two other chambers - the Chinese General Chamber of Commerce and the Hong Kong General Chamber of Commerce - failed to confirm if they had been invited to Beijing.

The New People's Party and Federation of Trade Unions will be in Beijing in the middle of the month for separate visits.

 

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This article is now closed to comments

53ca7d2c-531c-4020-8daa-74410a320969
Who is going to lead a delegation of Hong Kong's poor and middle class?
KwunTongBypass
Wow, a shoe polishing seminar in BJ. Wish I could go too.
mymak
They simply don't get it. This is what sticks in most people's throats. It's not even the need for 50% of the nominating committee. It's the composition of the nominating committee. Truly, if you are rich in Hong Kong, you can have your cake, eat it and come back for more.
input
These tycoons are precisely the ones who are making HK a 2 tier society: the very rich and those struggling to get by - including the middle class. I can't imagine that any of them would object to the election mandate announced by the NPC- in fact they would cheer it as a means to extend their grip on HK ad infinitum.
kongshan2047
Before 1997, those who ruled HK were Jardine Matheson, Swire Pacific, HSBC and then the Governor (practically in that order). Since 1997, it has just been switched to the local tycoons. As the union jack is replaced by the Bauhinia emblem, so too are the ruling elites. Nothing special and just business as usual in HK.
sjfore
Unfortunately, though, Beijing sees the tycoons as the fulcrum of Hong Kong's value. This visit will be all hugs and kisses, and it's a perfect illustration of the absolute link between democracy and economic inequality. When the tycoons return to HK in their private jets (one man, one jet), I'm not looking forward to their smug lectures to the Hong Kong people about the beneficence of the central government.
John Adams
Johnyuan : I totally agree with you ( sad to have to say)
.
Tycoons rule OK , both in democracy and in illegal parking ( and - it now sees as the trial of the century resumes today - in overt corruption)
sjfore
Quick, seal the border!
johnyuan
In Hong Kong, business and politics are one. Rightly the tycoons are invited to Beijing on the political matter of 2017 election affairs. I hope the officials would explain clearly to the tycoons that despite the economic contributions made by tycoons the perpetual ruling of Hong Kong by them through business manipulation is the main cause of social unrest in Hong Kong. Like the meeting the officials, Hong Kong people also need to focus on the tycoons.
.
There is a short cut to improve the tense political climate in Hong Kong. Perhaps it is to rein in the business conducts for a reform. Really this is what Xi Jinping's reform in greater China is all about too.
chaz_hen
Isn't Xi JP supposed to be a Maoist? How will he tolerate the presence of these rent seeking, kow towing landlords and mercantilists?

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