A NEW pro-China political party is to be launched and Beijing is understood to have given its blessing. More than 80 businessmen and professionals including at least 20 District Board members have joined the group, core member Peter Chan Chi-kwan revealed. It is believed the group will be set up within the next few months in order to support its members standing for District Board elections in September. A source said party leaders Jose Yu Sun-say and Carson Wen Ka-shuen would discuss the formation of the group with senior mainland officials while attending the present session of the Chinese People's Political Consultative Conference (CPPCC), which opened in Beijing last week. Mr Chan admitted the formation of the group had been speeded up by the breakdown of the Sino-British political talks. Mr Chan is a former urban councillor who unsuccessfully contested the maiden direct elections to the Legislative Council in 1991. It is also expected the party - which has yet to choose its name but is looking for an office - will concentrate on Legislative Council functional constituencies, and the Election Committee that will return 10 legislators in 1995. Mr Chan said the party had almost completed its manifesto. The new party will have strong financial backing. ''If we cannot beat other parties in terms of money, how can we beat them?,'' Mr Chan said. He did not believe the new party would have a confrontational relationship with the territory's largest pro-Beijing party, the Democratic Alliance for the Betterment of Hong Kong (DAB). DAB deputy chairman Tam Yiu-chung said they welcomed the arrival of a new party: ''There is still a lot of space for other political parties.'' The new party has been holding regular meetings since last September.