However, he abandoned his bid in October 1996 to lobby for his allies, Simon Li Fook-sean, deputy director of the preliminary working committee of the preparatory committee who was running against Oriental Overseas boss Tung Chee-hwa (who eventually won the post), former Chief Justice Yang Ti-liang, Wharf chairman Peter Woo Kwong-ching and the chief shareholder Mu-sang Du Ching Lung Hua.
He also served as Chairman of the Transport Advisory Committee and opposed the construction of the then Hong Kong MTR backbone.
Lo had a license plate with number 18 which was bought at an auction in February 2008 for a record amount by businessman Zhang Chengguang.
[1] In 1989, the Lo Tak Shing Group of the party set up the New Hong Kong Alliance, and he appointed himself as the Honorary Secretary General.
During the transfer of sovereignty of Hong Kong, he participated with the SAR Government Commission on Strategic Development to discuss the "bicameral system" predecessor.
In 1992, with the Chinese State Council's support, Lo Tak Shing founded the "Window of Hong Kong," an English-language weekly.
In October 2006 Lo suffered a heart attack, and on 11 December died at the age of 71 years at the Queen Mary Hospital.