Li Jianhui is well-known now. Regardless of his youth, with the strong strength of the Xin Jian Department, no one will jump out to object even if he is known as the richest man in China.
So much so that the Malaysian government paid great attention to the Xin Jian Department inspection delegation this time. The Malaysian Minister of International Trade and Industry, Quinn Hu Kern, led some senior Malaysian officials to welcome Li Jianhui and others at the Xing Leong Hotel in Kuala Lumpur, and held a friendly meeting after the banquet.
of talks.
Hu Kern briefly introduced Malaysia's economic development in recent years to Li Jianhui and others, and also focused on Malaysia's preferential policies for foreign investment.
Although Malaysia's development is not as dazzling as that of the Four Tigers, its average annual economic growth rate over the past ten years has still reached 7.8%, which is quite fast among countries around the world.
Moreover, through the new economic reforms, Malaysia in the 1970s transformed a country dominated by mining and agriculture into a country with common development of multiple industries.
However, Malaysia still has many restrictions on foreign investment, especially in the financial industry. It is not easy for Li Jianhui to expand Xinjian Bank in Malaysia.
After Hu Kern finished speaking, Li Jianhui said: "Malaysia's economic development has been very dazzling in recent years. I am very optimistic about Malaysia's future prospects. I believe that Malaysia will become more and more prosperous under the leadership of Prime Minister Haldi."
The words were quite polite, but in the subsequent specific investment negotiations, it was not so harmonious.
Li Jianhui, Wei Li and others hope to get the greatest possible preferential conditions, and also hope that Malaysia can relax some restrictions so that its industries can better expand.
Hu Kern, on the other hand, hopes to bring in Xinjian-related companies at the minimum cost to add impetus to Malaysia's economic development.
In Wheelock Plaza, there are no problems with retail businesses, but they are stuck with bank licenses.
Malaysia is only willing to grant investment loan licenses, while Li Jianhui hopes to cover all-round banks such as savings, foreign exchange, securities, loans, trusts, and insurance.
"Mr. Li, it is impossible for us to establish a comprehensive foreign-funded bank. We have strict requirements for insurance and trust. It is difficult for Xinjian Bank to comply with our regulations in this regard. The same is true for foreign exchange.
To show our sincerity, our government can give Xinjian Bank a savings license, a loan and a securities license."
This is far from Li Jianhui's inner expectation. Even if he does not have an insurance or trust license, he still hopes to obtain a foreign exchange business license. In that case, it will be more convenient for his funds to enter and exit Malaysia.
It's a pity that foreign exchange is extremely important to a country. At present, Malaysia has not even obtained its own domestic private bank, so how can it possibly build a bank for Xinxin.
In the end, Li Jianhui had no choice but to accept it. It would be good to have these three things, especially a securities license. With this thing, you can enter the Kuala Lumpur stock market.
When talking about cooperation in port construction and port warehousing, Hu Kern asked Huangpu Port Company to establish a joint venture with the Malaysian government, and the Malaysian government should occupy 70% of the shares.
This made the senior officials of the Xinjian Department very dissatisfied, and Li Jianhui signaled Horford with his eyes.
Then Horford, Vice President of Xinjian Group and President of Malaysia Affairs, said: "Minister Hu Kern, I hope you don't forget that we are all members of the Commonwealth of Nations. We came with sincerity this time, but you completely treat us as if we are not."
Any relationship with foreign investors is treated.
This is completely inconsistent with the agreement signed at the Commonwealth Asia Summit the year before last, nor is it consistent with the cooperation agreement within the Commonwealth economies.
If you insist on such conditions, I think it is necessary to write to the Federal Council Secretariat. Malaysia does not seem to care about the investment of member states within the federation."
To be honest, Horford's words are more threatening than Li Jianhui. In the eyes of the Malaysian government, Li Jianhui is an upstart, a wealthy Chinese businessman. As a government, although they want to attract investment, they actually don't have the intention in their hearts.
Too much respect.
Although the status of overseas Chinese during this period was somewhat higher than that of the early 20th century, their status was still not high.
But Horford is different. He is a pure Saxon, and Malaysia has been a British colony for a long time. Although it later became an independent country, it is still a member of the Commonwealth and will be influenced by the British to a large extent.
Moreover, Malaysia receives assistance from many member states within the Commonwealth every year, and Commonwealth member states account for the majority of product exports.
Once this incident gets serious, it will have a huge negative impact on Malay's international image, and may even affect Malay's foreign economic development.
Hu Kern explained: "What we have with each other is more special preferential treatment on tariffs. The industries that our government focuses on protecting and restricting are not within the scope of the Commonwealth Economic Articles.
Whether it is finance, basic public industries, or even the media, they are all industries that our government focuses on. This is related to the security and stability of a country, and we must have it in our hands.
In terms of finance, allowing Xinjian Bank to have a financial license is already a very big concession. In terms of ports, our government must have a controlling stake. In order to show our sincerity, we can let you occupy 49% of the shares in Tanjung Pelepas Port.
, our government occupies 51%, which is already our biggest concession."
Malay in this period is really a bit like the north a decade or two later. The government takes the initiative in many industrial projects and will not allow foreign investment to fully intervene to ensure that these industries are within the scope of government control.
The 49% shareholding has also met the expectations of the senior officials of the Xinjian Department. It would be better if the government holds shares in it, so that the government will introduce a series of policies to support the development of Tanjung Pelepas Port and make it a major port in Malaysia.
one.
In terms of media, Jiayi Group's plan to develop newspapers here has been blocked. TV stations are even more reluctant to think about it. Currently, they can only establish music companies and film companies in Malaysia.
Taking advantage of this opportunity, I also helped Princess Jin negotiate the issue of establishing a cinema chain company, which was the first step for Princess Golden Cinema to take the first step out of Hong Kong.
At the end of the meeting, Chen Xinyi donated HK$50 million to the Malaysian Ministry of Education on behalf of the Xinjian Charity Foundation to help poor students in Malaysia.
The Deputy Minister of Education of Malaysia signed a donation agreement with Chen Xinyi and expressed his gratitude to Li Jianhui and Chen Xinyi.
It is also guaranteed that all these funds will be distributed to children from poor families, and the Xinjian Charitable Foundation is also welcome to supervise this.
In fact, the senior officials of the Xinjian Department don't care much about how the money is used. Anyway, the donation will be reported on Malaysian TV tomorrow, and the reputation of the Xinjian Department will be established.
This money, to put it mildly, is a stepping stone for Xin Jian System to enter the Malaysian market, letting the Malaysian government and people know that Xin Jian System is a socially responsible enterprise that will also give back to society while making profits.