In the evening of the same day, Li Jianhui, the chairman and president of Xinjian Group, and the central bank governors of several ASEAN countries, as well as Luo Minjun, president of Nanlong Holdings, jointly signed the ASEAN Development Bank Investment Agreement.
Among them, Malaysia, Thailand, the Philippines, and Indonesia each invested US$500 million, accounting for 10% of the shares, Brunei invested US$200 million, accounting for 4% of the shares, Nanlong Holdings invested US$800 million, accounting for 16% of the shares, Sin Chew, and Xinjian
Each invested one billion U.S. dollars, each holding 20% of the shares.
After many negotiations between several parties, the ASEAN Development Bank was headquartered in Singapore, and its first president was Li Zaiwei, vice president of Xinjian Group.
At the meeting, everyone also stipulated the main business direction of the bank. The ASEAN Development Bank is different from ordinary commercial banks. This bank serves more for the development of ASEAN member countries.
Therefore, the business is more focused on loans for ASEAN infrastructure, especially highways, airports, ports, schools, hospitals, etc.
As for corporate development loans, we mainly rely on commercial banks in this regard. The ASEAN Development Bank does not have much funds, so it is impossible to take care of all aspects.
The main theme of the second day's forum was cooperation, especially bilateral cooperation between Hong Kong and ASEAN companies.
Xiangjiang Airlines has signed multiple cooperation agreements with Sin Chew Air, Malay Airlines, Indonesian Airlines, Thai Airways, and Philippine Airlines.
Many of them were created by Li Jianhui based on several major airline alliances in his previous life, and the names of these cooperations this time are the name of a famous airline alliance in his previous life - Star Alliance.
As for Hong Kong's Cathay Pacific and Kowloon Airlines, Li Jianhui has no intention of playing with each other. After all, these two companies are direct competitors with Hong Kong Airlines. It is enough for the Star Alliance to have a large airline in one country or region join.
This time, Li Jianhui placed the Star Alliance headquarters directly in Xiangjiang. China Airlines, Korean Air, British Airways, Lufthansa, Air Canada, etc. will be invited to join in the future.
Of course, today is not just this cooperation. The three major exchanges in Hong Kong and Sin Chew Exchange have reached a cooperation agreement. Listed companies on both exchanges can conduct secondary listings on the other exchange.
Huangpu Shipping Group has invested one billion U.S. dollars in Malaysia to establish the Huangpu Shipyard. The construction period will be five years. After completion, Huangpu Shipping Group will have the ability to independently build freighters with a load of hundreds of thousands of tons.
The Jade Lion Group reached a cooperation agreement with the Malay government to jointly establish the Penang Automobile Manufacturing Company, in which the Malay government holds 51% of the shares and the Jade Lion Group holds 49% of the shares. The company's first car is named Penang Lion.
Lane Crawford has reached a rice purchase agreement with the Thai government, and Thai rice will become Lane Crawford's main supplier of rice products.
Taota Beverage Company has also reached a cooperation agreement with the Bangkok government and will invest HK$100 million to establish Taota Beverage Production Company in Bangkok.
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Today, not only the Xinjian Group has reached multiple cooperation agreements with ASEAN countries and enterprises, but also Wanbang Group, Wharf, Jardine Matheson Group, Swire Group, etc., has also reached cooperation agreements with governments and enterprises of many ASEAN countries.
The ASEAN-Hong Kong Economic Cooperation Forum can be said to have had a good start, and the first session was quite successful.
The second session will be held in Hong Kong in April next year. I believe that with the increase in cooperation between the two sides, the economies of the two sides will become closer and closer, and more and more ASEAN companies will come to Hong Kong to list their stocks, or even put their headquarters in Hong Kong.
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At the conclusion of the conference, ASEAN Secretary-General Narciso Reyes delivered a closing speech.
“First of all, I would like to congratulate the ASEAN-Hong Kong Economic Cooperation Forum on its complete success, and also thank all the guests who came to attend and the personnel who served this forum.
ASEAN has not been established for a long time, but our member countries all share the same goal, which is peace, stability, prosperity, and strength.
To achieve these, the most important thing is economic development. Only when the economy is good, can the people live and work in peace and contentment, and can internal stability be achieved.
Only when the economy improves can the country's comprehensive national strength be improved, and the government can invest more funds in national defense to better safeguard the country's peace and stability.
If we want to develop the economy well, it is not enough to rely only on our own within ASEAN. We also need to bravely open the door to let outside capital come in and let our products go out.
A new round of technological revolution has begun, and this time, we in Asia and ASEAN will no longer be absent.
ASEAN and Hong Kong are separated by a narrow strip of water. Let us work together to create a prosperous and beautiful future.
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After the meeting, as the leader of the Hong Kong business community, Li Jianhui also attended the press conference.
As Li Jianhui's assistant, Su Jiangting said after the silence at Li Jianhui's personal press conference: "Due to time constraints, today's press conference will last only half an hour. I hope all reporters can prepare their questions in advance.
The main content of today's press conference is the ASEAN-Hong Kong Economic Cooperation Forum, and please do not mention irrelevant content.
Let’s start the question-and-answer session, please ask the lady second from the left in the first row.”
After getting up and taking the microphone handed over by the staff, the lady said: "Li Sheng, I am a reporter from TVB. At this cooperation forum, Xinjian Department and ASEAN have reached a number of cooperation agreements, including project investment
This piece exceeds 10 billion Hong Kong dollars. Has the Xin Jian Department moved to the ASEAN market because of the current situation in Hong Kong?"
Li Jianhui did not expect that the first question would be so difficult. A bad answer may bring great negative impact and losses to the Xin Jian Department.
After thinking for a few seconds, he responded with a smile: "No matter before, now or in the future, our Xinjian Department will always be rooted in Xiangjiang, and our focus will also be in Xiangjiang.
This cooperation with ASEAN is nothing more than an expansion of the ASEAN market by Xinjian-related enterprises, and mutual benefit and win-win results with the ASEAN economy.
Everyone who knows our Xinjian industry’s investment in Xiangjiang knows that although the funds for cooperation with ASEAN this time are indeed relatively large, they are still far behind our investment in Xiangjiang.
Our Xiangjiang enterprises' overseas investment is for the better development of our own enterprises. This is no different from a few years ago. We in the Xiangjiang media should not look at it with a special perspective."
Su Jiangting did not give the reporter another chance to ask questions. As soon as Li Jianhui finished speaking, she immediately said: "Please ask the fourth man from the right in the first row to ask questions."
"Mr. Li, I am a reporter from Kuala Lumpur Daily News. At this forum, we saw that the Xinjian Department has many cooperation projects with us in Malaysia, such as automobile manufacturing, shipbuilding, etc. I don’t know what the reason is for Xinjian.
Should the focus of our cooperation with ASEAN be on Malay?”
"For hundreds of years, Malay has been the center of Chinese activities in Southeast Asia. The two sides are closer in culture and customs. This is the main reason why we focus our cooperation on Malay."
In fact, these reporters are not very satisfied with Li Jianhui's response. If the culture and customs are similar, how can Malay compare with Sin Chew? You must know that Sin Chew is the second home of Chinese in Southeast Asia, where more than 90% are Chinese.
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However, the Xinjian Group includes the entire Xiangjiang enterprise and has very little cooperation with the Sin Chew government and enterprises.