Li Jianhui stayed in Guocheng for a long time this time. He went there on the 4th and did not return to Xiangjiang until the 8th.
This time when I went back, I also took the opportunity to visit my second aunt and uncle, as well as Chen Xinyi’s grandparents, and also went to pay homage to Li Minglin’s grave.
Xiangjiang is also very lively these days, especially the industries under the Heung Wah Club are making frequent moves. The Connian Bank, the king of charter ships, merged with Wing Lung Bank to form the new Heung Wah Bank.
Orient Overseas announced that Mainland China CITIC Group has become the second largest shareholder of the group with 20% of the shares.
Kowloon Film and Television Media Group rebuilt the Kowloon theater chain, focusing on the northern market, and its main cities are Shanghai, Jinling, Lin'an, Suzhou, Yongcheng, Qindao, Quancheng and other East China cities.
There is also good news from several major clothing companies under Xianghuahui. The proportion of domestic sales of their products has been completely eliminated. All clothing produced in the north will no longer be regarded as imported products and does not need to pay tariffs.
The most eye-catching thing is that Xianghua Real Estate Company, newly established by the chartering king, joined forces with Hopewell Industrial and Jingcheng Investment Company to form a joint venture, and acquired 264 acres of land in Beijing to build the Jingcheng International Trade Building.
This marks Xiangjiang Real Estate's official entry into the northern market. Even though it is just a joint venture and is controlled by Northern State-owned Assets, it is still a huge breakthrough.
Because of the Heung Wah Association's repeated actions, Li Jianhui did not return home after returning to Hong Kong. He immediately held a high-level meeting of the Hung Wah Association in the Wheelock Building.
"According to the latest news we have received, the main reason why the North is so liberal this time is that Huo Baohu and others promised that within twenty years, all profits in the North will be used for investment in the North. It can be said that these families have already
They pushed all their homes to the north.
At present, whether it is the Hong Kong Bank after the merger, or Hopewell Industrial, Kowloon Film and Television Media Group and other industries, the stock prices have plummeted. Even the Hong Kong Island Exchange has issued warning letters to many listed companies under the Hong Kong Association. If
If the stock price cannot stabilize in time, it is likely to face delisting.
However, it is not ruled out that Xianghua Club itself is interested in privatizing these companies. It can be said that at such a stock price, Xianghua Club will make huge profits.
It’s just that it will be very difficult for the companies under the Heung Wah Association to be listed in the future. At least we, the three major stock exchanges in Hong Kong, will never tolerate such companies and the shareholders’ industries behind them that harm the interests of shareholders to be listed again.”
After Wu Jiankun, director of the Political and Economic Research Office, finished speaking, Shi Shaoming, the headquarters of Jiayi Group, also reported to Li Jianhui on the situation of the theater chain.
The North treats Xiangjiang, Lisboa and even Baodao Capital equally. As long as Golden Princess Cinemas can promise to use its revenue in the northern market for development within 20 years, it can also enter the East and South China markets.
However, Lei Juekun, president of Golden Princess Cinemas, is still considering that if he really agrees to this condition, Golden Princess will have no choice but to delist.
You must know that the theater chain has to give a share to the film companies. Once this condition is agreed to, the box office revenue in the northern market can only be developed in the north and cannot be exchanged for foreign exchange. Then there will be a hole. These film companies will share
It needs to be filled out by the cinema chain company.
This decision was not that easy to make. You must know that Golden Princess Cinemas is not a Wharf Cinemas chain with nothing.
This cinema chain is currently the largest cinema chain in Asia, covering multiple markets in Hong Kong, Taiwan, Malaysia, Thailand, Singapore, the Philippines, and Indonesia. Golden Princess Cinema has property rights for many cinemas, and its total market value is currently
Up to 16.3 billion Hong Kong dollars.
Although the Tung Wah Association jointly controls 70% of the shares, 30% are still tradable shares. If it is to be privatized, the Tung Wah Association will have to invest nearly 5 billion Hong Kong dollars, which is not a small sum.
It is impossible to make a decision without many weighings and discussions.
However, Li Jianhui has no such worries. The Golden Princess Cinema Line not only wants to enter, but also enters it on a large scale. All theaters are built independently, and the property rights belong to the Golden Princess Cinema Line.
Li Jianhui, who knows that the north will develop rapidly in the future, is not afraid of losing money at all. If the time comes, the value of these theaters will bring back tenfold and hundredfold profits to the Golden Princess Cinema Chain.
Liu Qiulin, president of Hongyu Garment Group, said: "Li Sheng, I have communicated with the senior officials of Guangdong Province. The other party said that as long as our Hongyu Garment Group promises, the sales revenue of clothing products produced in Pengcheng in the north will not exceed 20 years."
Once transferred out of the mainland, the products will no longer be regarded as imported products."
The presidents of Jingyi Electrical Appliances, Taoda Group, and Huihong Group have also stated one after another that the conditions are the same. As long as they do not impact the northern foreign exchange, they can open up and allow these products to enter the northern market as local products.
Compared with these manufacturing presidents, the presidents of several major real estate groups are undoubtedly much calmer. Not to mention that currently they can only enter the north through joint ventures and cannot obtain controlling rights. Even if they can establish sole proprietorships, they have no plans to enter for the time being.
With the appreciation of the yen, the Japanese property market has also ushered in spring. The growth rate in the past six months has been quite good. Although it is not as crazy as Xiangjiang in previous years, the income from investing in it is enough to make them flock to it.
Both Hutchison Whampoa and Xinjian Real Estate have increased their investment in the Japanese real estate market, especially in the three major metropolitan areas of Tokyo, Osaka, and Nagoya, with residential communities rising one after another.
After everyone spoke, Li Jianhui said: "We, Hongyu Clothing, Jingyi Electrical Appliances, Taoda Group, and Huihong Group, are ready to expand our production capacity. As for the stock market issues, you don't need to worry about them.
While maintaining our overseas market demand, we should develop the northern market as much as possible and don't be afraid of high revenue. I will have a large amount of investment in the north in the future, and I can spend all the money I have."
Li Jianhui once mentioned that he would not transfer out within ten years. This time Xianghua will be even more powerful. If he comes for twenty years, it can be said that the future of the family is blocked.
But in Li Jianhui's view, this condition is obviously more suitable for the Xin Jian Department rather than the Xiang Hua Society. It means that it cannot be exchanged for foreign exchange within twenty years, and it cannot be used to invest in the mainland.
He has many industries, and he can transfer Hong Kong dollars directly to these companies in Hong Kong in exchange for RMB in their accounts, and then use these RMB to invest in highways, airports, ports, etc., and his subsequent employees in the north will not be paid.
I would like him to transfer Hong Kong dollars into it again.
This time, the northern high-level officials were also in a hurry and did not consider it comprehensively. You must know that the corporate tax rate of these special economic zones is the same as that of Xiangjiang, which is 15% profits tax. If this continues, northern enterprises, especially private enterprises, will not be able to compete with them in the future.
They compete because everyone's costs are not on the same platform.
However, he will not mention this matter. Now this policy is obviously more beneficial to the Xin Jian Clan and even the Donghua Association.
No matter whether there will be some adjustments to the policy in the future, if he enters now, he will never see Xianghua monopolizing the market in the north.
Don't think that if you give up the Xiangjiang market and bet on the northern market, you can rise again. Li Jianhui, with his memory, has more courage than them to bet on the northern market.
Moreover, he believes that even if the Tung Wah Club is betting on the northern market on a large scale, the Sun Hung Club, the New Asia Club, the Nanjiang Club, and the Nanyang Club will definitely not remain indifferent and will definitely try to bet on it.
The only thing that Li Jianhui regrets this time is that several major retail companies can still only develop within a few special zones and cannot expand to other markets. It seems that they want Lane Crawford, Watsons, and Tesco to dominate the northern retail market