When FESCO was under British Supervision

Most foreigners doing business in China have at one time or another come into contact with the dreaded FESCO – Foreign Enterprise Service Corporation – that was set up Beijing in the 1970s to provide crappy services to foreigners in the sure belief that they couldn’t use anyone else and were happy, or had no other choice, but to pay through the nose. Over the years their importance has waned fortunately, as they were (and still are I hear) pretty universally awful). Not sure why Beijing in the 70s decided to call FESCO FESCO, if you see what I mean, but interesting to note that there was an early FESCO in Shanghai in the 1930s offering house cleaning and floor renovations – and all under ‘British Supervision’ no less. Could this FESCO have inspired the naming of that FESCO?