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Clinton trip to boost Guilin issue

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Christine Chan

Guilin, the popular tourist city in Guangxi province renowned for its exotic natural beauty, plans to take advantage of US President Bill Clinton's visit next month to drum up interest in selling shares to foreign investors.

Mr Clinton is scheduled to visit Guilin, Beijing, Shanghai and Xian.

Hong Kong is also on his itinerary.

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Guilin Tourism Corp chairman Zhao Ming yesterday said the municipal government-supported company was planning to sell B shares on the Shenzhen stock exchange.

'The government has said the company will be the city's only travel conglomerate after listing,' he said.

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The planned B-share offer had the support of Premier Zhu Rongji, who personally wrote instructions on documents related to the listing plan, he said.

Mr Zhao was in the SAR yesterday to participate in the International Travel Expo Hong Kong.

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