HK Businessman To Establish Space Development Fund

DRAGON SPACE

Hong Kong - Nov 05, 2003
Tsang Hin-Chi, chairman of Hong Kong Chinese General Chamber of Commerce, has announced that he has decided to donate 100 million Hong Kong dollars (12.88 million US dollars) for establishing "Tsang Hin-Chi Space Development Fund."

He made the remarks at a banquet held Saturday night in honor of China's first astronaut Yang Liwei and the visiting delegation of China's first manned space mission.

He said the fund is to be established for rewarding outstanding space experts and astronauts, and helping advance the development of China's space industry.

Tsang handed over first 5-million-HK-dollar (644,329 US dollars) check to Yang Liwei at the banquet.

Tsang said, of the 5 million HK dollars, 1 million HK dollars (128,865 US dollars) will be offered to reward Yang Liwei and the other 4 million HK dollars (515,463 US dollars) will be given to all scientists participating in the development of China's first manned spacecraft "Shenzhou 5."

Yang Liwei said he will submit the donated money to the state for further development of China's space industry.

Tsang said he is eager to do something for the motherland's fostering. The establishment of the fund is his and his family's expression of esteem for the space heroes and confidence that China will be more powerful and prosperous.

Tsang had earlier donated over 700 million HK dollars (90.2 million US dollar) for promotion of the mainland's education, sports and cultural development.

source: Xinhua

DRAGON SPACE

Down To Earth Spaceman Yang Gets Star Treatment In Hong Kong

Hong Kong (AFP) Nov 03, 2003
China's first man in space Yang Liwei continued to win fans in Hong Kong Saturday, despite criticism that his visit here is a stunt by Beijing to distract the former British colony from its troubles.

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