Li Jianhui, who had not attended the press conference for a long time, specially held a press conference in the press conference hall on the second floor after the meeting.
The major reporters in Hong Kong were moved upon hearing the news. At this time, they no longer waited outside the Xinjian Building to see if they could interview celebrities in the business world. They all entered the Xinjian Group's press conference hall.
"Thank you very much for coming to attend my personal press conference. I also know that everyone has been waiting for a long time today, so I will get straight to the point.
First of all, I want to tell you a piece of news. From now on, I will no longer serve as the president of the Hong Kong Industry and Commerce Association.
Second, I have officially submitted my resignation to Mr. Bryan, and it has been approved. From today on, I will no longer serve as an unofficial member of the Executive and Legislative Bureau.
The third is to deal with the current public opinion. I also share my own opinions through everyone.
I have always believed that the responsibility of a businessman is to conduct business properly and should not and cannot interfere with political governance.
I and Xinjian Group have always followed this purpose. This time I resign as an unofficial member to allow myself to be a pure businessman.
I personally do not comment on the fifty-hectare limit, nor am I qualified to do so. I don’t know yet whether this is good or bad. This will take time to test, and it will take quite a long time. It will take decades or even longer.
Only then did we know the result.
At the same time, please rest assured that I was born and raised in Hong Kong, and my roots are in Hong Kong. In the future, my industries will still unswervingly increase investment in Hong Kong and make a contribution to the economic development of Hong Kong."
The reporters present were very excited. They didn't care how big a disturbance Li Jianhui's news would cause. They just wanted the things to be eye-catching enough.
As a direct affiliate of Li Jianhui, Jiayi reporters were the first media to ask questions.
"Li Sheng, there has been a lot of discussion recently about the fifty-hectare limit. Today's meeting of the Xiangjiang Industrial and Commercial Association was mainly to discuss this issue. I wonder what actions the Xiangjiang Industrial and Commercial Association will take next to maintain the stable development of the Xiangjiang business community."
“At the just-concluded meeting, many of our members made suggestions for the development of Hong Kong’s business community, and we also voted on the main proposals.
Mr. Shihuai Ya will represent the Industrial and Commercial Association to communicate with the North to strive for the lifting of the fifty-hectare limit."
Compared with Jiayi Group, Oriental Daily reporters are more concerned about Li Jianhui himself, especially his resignation as president of the Industrial and Commercial Association and as an unofficial member of the Executive and Legislative Bureau. When comparing the current situation, this can't help but make people think.
"Li Sheng, is it because you are not optimistic about the subsequent development of the situation that you have resigned from your positions as president of the Industry and Commerce Association and as an unofficial member of the two bureaus?"
"I resigned from these positions only because I personally believe that I am not capable enough to shoulder the heavy responsibilities of the corresponding positions and have no connection with the current situation.
I am very optimistic about the future development of Hong Kong's economy. I will continue to increase investment in Hong Kong, especially in high-tech industries. We still have many shortcomings, and we will continue to increase investment to make up for it in the future.
I still said what I said four years ago. In the information age, we in Xiangjiang can have a say in the world."
As a reporter from East Asia Media, a subsidiary of the Far East Association, when he asked questions, he was more provocative.
"Li Sheng, there are rumors that the fifty-hectare limit is mainly to suppress our companies and force manufacturing production to move to the north. What do you think of this?"
"I don't know where the rumors this lady mentioned came from. I have not heard of such rumors so far, and I don't think this policy is specifically targeted at us.
As for the transfer of manufacturing production, it has little to do with policy. Everyone knows that our Xiangjiang area is small, coupled with rapid economic development, labor costs have increased significantly, and it is not suitable for the development of labor-intensive industries."
…
This press conference was not long, and Li Jianhui did not give many media opportunities, but the impact of this press conference spread quickly.
The first thing to react was the stock market. The long-short game was extremely fierce. There were many sellers and many buyers. Especially in the real estate sector, the stock prices of many companies experienced a strong rebound.
The stock prices of many companies with large land reserves, including Xinjian Real Estate and Huaren Real Estate, have plummeted.
…
In an office of Xinghua Society in Xiangjiang, Mr. Liao watched Li Jianhui's speech on the TV news and asked Li Jueshen beside him: "Do you know what a pure businessman is?"
"A businessman who does not show any emotions, aligns everything with interests, and regards earning the maximum profit as his own goal is a pure businessman."
"Then do you think Li Jianhui is a pure businessman?"
Li Jueshen thought for a moment and responded: "Li Jianhui was not before, is not now and will not be in the future. He is more of a big capitalist than a pure businessman."
Mr. Liao sighed: "From now on, he will be a pure businessman to us and even to the entire cross-strait and three-region markets. He will only talk about interests and not feelings. This can be regarded as his biggest concession to us."
Li Jueshen also understood the meaning of Liao Lao's words. They had heard about some of Li Jianhui's operations in Southeast Asia, Eastern Europe, the Commonwealth, Latin America and other places in recent years, especially in the Southeast Asian market and Eastern European market.
Far beyond the boundaries of a businessman.
"Mr. Liao, this may be good for both us and him. We cannot tolerate his ambition, and there is no way he would choose to bow his head.
Now I'm just worried that the Xin Jian Department and Tung Wah Association's industries will gradually move out, leaving only an empty shell of the headquarters here in Hong Kong.
I have received news that due to the land area, Xinjian University announced that it will establish a branch in Johor Bahru, and Xiangjiang University of Electronics and Information Engineering also announced that it will establish a branch in Hsinchu.
This may be just the beginning. In the future, universities affiliated to the Tung Wah Association will establish branch campuses in the key markets of the Tung Wah Association. At a certain time, the branch offices are likely to become their headquarters, and this area may become a branch campus.
If the school can do this, the companies can do it even more. Now many companies under the Xinjian Department only have their headquarters here, and the production and high-level offices of the headquarters are not here. It can be said that the corporate headquarters can be changed at any time."
Mr. Liao didn't have much to do about this. He also communicated with Li Jianhui more than once, but the results were not ideal.
Because of their positions, it was difficult for the two to have a heart-to-heart relationship. Even though they had promised that the economic system would remain unchanged and a high degree of autonomy be implemented, Li Jianhui's inner concerns were still not dispelled.
Especially this year, it can be found that the companies under the Tung Wah Association are accelerating their foreign investment, and the market here is basically continued construction projects.
"We can't stop this. Now you'd better sort out the current situation and report to the superiors, especially about the meeting of the Industry and Commerce Association and Li Jianhui's press conference."
…
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