Li Guangyu didn't know what Huo Yingdong and the others were talking about later. In the morning of the next day, Li Guangyu and Li Zhaoji went to Chang'an Street accompanied by the Vice Minister of Economic and Trade.
This is a development project jointly developed by Robert Kuok and Kuok Henian. A 38-story office building, two 30-story Guomao Apartments, and a 21-story hotel were built here. Robert Kuok invested US$500 million.
In the future, this place will be the business center of Beijing and the first choice for foreign investment headquarters. The project is named Guomao Building.
Last year, the Lee Group and the Heung Kong Group focused mainly on the development of the Tin Shui Wai area and the Plaza Agreement, so they did not pay much attention to these companies. In addition, this was a joint venture with the government, so they did not pay too much attention to it.
focus on.
Last year, the economic pressure on the Xiangjiang Consortium was very great, and the pressure on Li Guangyu was also not small. Whether it was the Taipei MRT, the Chinatown project and the Tianshuiwei project in various places, or the Japanese stock market, a large amount of capital investment was required.
Before the gains in the Japanese stock market returned, Li Guangyu, Lee Shau-kee and others were tightening their belts to get by.
Li Guangyu admired Kuok Henian's courage very much. He was able to boldly cooperate with the government and build such a huge project in the capital during such a period. He was worthy of being the helmsman of a Chinese-funded consortium in Malaysia.
Li Guangyu doesn't have many ideas now. His main markets are in Pengcheng, Huacheng, Ludao, and Shanghai. In the future, there will also be Shuangqing, Rongcheng, Qindao, Tianjin, and Hangcheng. As for the capital,
, Li Guangyu really doesn’t have a big plan.
The Shanghai stock market will be the key investment area of the Li Group in the future. Most of the mainland headquarters of the Li Group will be located there. It is the economic center of the mainland.
Moreover, it is not yet time for the real estate groups under the Li Consortium to enter on a large scale. Li Guangyu plans to enter the mainland market only after the Japanese property market bubble explodes.
At present, the area around the Guomao Building is not prosperous and can even be described as desolate. Robert Kuok chose the project here because he hopes to promote the development of this generation in the capital.
While accompanying Li Guangyu and others on a visit to the project site, the Vice Minister of the Ministry of Economy and Trade explained to them the planning, investment and construction progress of the Guomao Building, so that Li Guangyu and others could have a clearer understanding of the situation here.
Among the people here, except for Fok Yingdong, who does not have a real estate company, Li Guangyu, Li Shauji and others, as well as Bao Yugang, Wang Kuancheng and Hu Yingxiang all have real estate groups.
Today, the Ministry of Economic Affairs and Trade brought them to visit here, hoping that through this project, they would know that the mainland will not restrict the development of their main business in the mainland. The real estate industry they are engaged in can also be invested in the mainland in various forms.
Huo Yingdong said from the side: "Guangyu, Jiacheng, your development in Tianshuiwei has been completed, and the sales there are very hot. I wonder if you will consider investing here next?"
Li Ka-shing responded: "Yingdong, you also know that CK Asset Holdings and Hutchison Whampoa have been expanding rapidly over the years. In addition, Japan has developed several new projects. At present, we are really unable to do anything. Wait for me in Japan."
After the project is completed, I will give priority to the market here."
Li Guangyu said: "Huo Sheng, my Starlight Real Estate Group and Xingyue Real Estate Group have a large number of projects in the Tokyo metropolitan area and Osaka metropolitan area. At the same time, Starlight Real Estate Group will build a Starlight City in Tseung Kwan O. Wheelock
The group will also build Wheelock Plaza in Xiangjiang Island and Taipei at the same time, which will also cost a lot of money.
But I am indeed very optimistic about the market here. If there is a good place, I would not mind cooperating with the government to build a project that integrates business and commerce."
At present, Robert Kuok has come in, but Li Guangyu doesn't want to compete with him. Anyway, the capital is so big, there is no need to hurt the harmony between the two parties for a little benefit.
Now he still has more than 10 billion US dollars in his hands, and he doesn't know where to invest it yet. There is no problem in investing hundreds of millions of US dollars here.
Lee Shau-kee, Li Ka-shing, and Cheng Yu-tung are not as good as Li Guangyu. They are currently focusing all their energy on the Japanese real estate market and do not have much financial resources to consider other markets. Although they know that this place will definitely be better, they can only reluctantly give up.
Bao Yugang smiled and said: "Guangyu, don't cry poor in front of us. Although your investment in these projects is indeed very large and these funds put great pressure on us, for you, I'm afraid it doesn't require any extra money from you."
Allocate funds."
Bao Yugang knows Li Guangyu's industry very well. Starlight Real Estate Group is building a Starlight City in Tseung Kwan O. The funds from the second phase of Starlight City sales are enough and cannot be used up.
As for Wheelock Group, it is currently the largest rent-collecting group in Hong Kong. Around 1984, it spent more than 10 billion on bargain hunting and buying and selling. Now the monthly rent is very scary.
With the recovery of the property market in Xiangjiang in the past two years, although the property market in Xiangjiang has not yet returned to its peak in 1982, it has increased by 60% compared with the lowest point in 1984. The properties originally acquired by Wheelock are sold at the current price
, they will make a profit of close to 10 billion Hong Kong dollars, not counting their rent in the past two years.
The Wheelock Group is also very financially strong now. Even if the two Wheelock Plazas start construction at the same time, the Wheelock Group's own funds will be enough to support their construction.
The only one that Li Guangyu needs to support is the Starlight Real Estate Group in Japan, which is expanding too fast. Even though the Starlight Real Estate Group has made very good profits in the Baodao market in recent years, it still cannot satisfy the Starlight Real Estate Group's investment there.
Li Guangyu knew that here were all real estate experts, and they knew everything about his group, so it was impossible to deceive them about this.
It's just that the real estate sector has not been liberalized yet. It is not possible for Li Guangyu to develop as he pleases here, so at present he is mainly developing markets in other regions. After the market here is completely opened, he will let a few
Large groups move in.
If there is a chance, we can jointly develop it with the government. If there is no chance, it doesn't matter. In recent years, Li Guangyu has focused on the Japanese market. Housing prices there will soar rapidly in the past few years. Li Guangyu will not miss such an opportunity.
.
Li Guangyu said: "Uncle Bao, my business is too big now, and I have to spend money everywhere. For example, I have invested nearly 10 billion US dollars in Xiangjiang Airlines Group, and I haven't withdrawn a penny from it yet.
The Kowloon Group's investment here is not small. I haven't seen even a little profit so far. There are too many money-grubbing groups in my hands. I have to tighten my money. I'm worried that the capital chain will break that day, which will cause trouble.
Big."
Li Guangyu is not just the two money eaters at present. Although the profits of Oriental Semiconductor Group have been rising year by year, Li Guangyu has not allocated funds from there at all. All profits have allowed the group to expand and increase investment in research.
Now Oriental Semiconductor Group is not only engaged in chip design, R&D and manufacturing, but also extending upstream and downstream, allowing Oriental Semiconductor Group to get rid of the restrictions of all parties in this regard.
The profits of Li Guangyu's Pengyu Group have never been transferred out. Currently, mainland China's foreign exchange is relatively tight. Li Guangyu's personal currency is mainly used to pay wages to mainland employees and for charity. Other funds are used for Li's industries.