The Wealth Empire Crossing the Hong Kong

Chapter 178 Malay Talks
Li Jianhui is now well-known. Regardless of his youth, relying on the strong strength of the Xinjian Department, even if he is known as the richest man in Chinese, no one will jump out to object.

So much so that the Malaysian government attaches great importance to the inspection team of the Xinjian Department. The Minister of International Trade and Industry of Malaysia, Quin Hooken, led some high-level Malaysian officials to welcome the arrival of Li Jianhui and others at the Xinglong Hotel in Kuala Lumpur, and held a friendly meeting after the banquet. talks.

Hu Keren briefly introduced Malaysia's economic development in recent years to Li Jianhui and others, and at the same time focused on explaining Malaysia's preferential policies for foreign investment.

Although Malaysia's development is not as dazzling as the Four Tigers, the average annual economic growth rate in the past ten years has still reached 7.8%, which is already quite fast in terms of countries around the world.

Moreover, through the new economic reform, Malaysia also transformed a country dominated by mining and agriculture into a country with common development of multiple industries in the 70s.

However, there are still many restrictions on foreign investment in Malaysia, especially in the financial industry. It is not easy for Li Jianhui to expand Xinjian Bank in Malaysia.

After Hu Keren's words fell, 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 under the leadership of Prime Minister Khaledi, Malaysia will definitely be able to become more and more prosperous."

The words were quite polite, but in the following specific investment negotiations, it was not so harmonious.

Li Jianhui, Wei Li and others hope to get the most favorable conditions possible, and also hope that Malaysia can relax some restrictions so that its industries can expand better.

Hu Keen hopes to introduce Xinjian enterprises at a minimum cost to add impetus to Malaysia's economic development.

There is no problem with Wheelock Square and retail enterprises, but it is stuck on the bank license.

Malaysia is only willing to grant investment loan licenses, while Li Jianhui hopes to cover savings, foreign exchange, securities, loans, trust, insurance and other all-round banks.

"Mr. Li, it is impossible for us to establish a foreign-funded universal bank. We have strict requirements for insurance and trust. It is difficult for Xinjian Bank to comply with our regulations in this regard, and the same is true for foreign exchange.

In order 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 expectation. Even if he does not have an insurance and trust license, he still hopes to get the foreign exchange business license, so that it will be more convenient for him to enter and leave Malaysia.

It's a pity that foreign exchange is extremely important to a country. At present, Malaysia doesn't even get it from its own domestic private bank, so how can it be given to Xinjian Bank.

In the end, Li Jianhui could only choose to accept it. It is good to have these three things, especially the securities license. With these things, he can enter the Kuala Lumpur stock market.

When talking about port construction and port warehousing cooperation, Hu Keen asked Huangpu Port Company to form 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 to Horford with his eyes.

Then Horford, vice president of Xinjian Group and president of Malaysian affairs, said: "Minister Hu Keen, I hope you don't forget that we are all members of the Commonwealth of Nations. We came here with sincerity this time, but you treat us as nothing. Foreign capital treatment of any relationship.

This is completely inconsistent with the agreement signed at the Commonwealth Asia Summit last year, and it is also not in line with the agreement on cooperation within the Commonwealth of 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’s. In the eyes of the Malaysian government, Li Jianhui is just an upstart, a wealthy Chinese businessman. As a government, although they want to attract investment, they actually don’t Too much respect.

Although the status of overseas Chinese in this period was higher than that in the early 20th century, the status was still not high.

But Horford is different. He is a pure Saxon, and Malaysia was once a colony of England for a long time. Although it later became an independent country, it is still a member of the Commonwealth of Nations and will be largely influenced by England.

Moreover, Malaysia receives assistance from many members of the Commonwealth of Nations every year, and the export of products is also dominated by members of the Commonwealth of Nations.

However, if this incident becomes a major issue, it will have a great negative impact on Malay's international image, and may even affect the development of Malay's foreign economy.

Hooken explained: "We are more of a special preference on tariffs, and the industries that our government focuses on protecting and restricting are not within the scope of the Commonwealth of Nations economic terms.

Regardless of 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 control it in our hands.

In terms of finance, it is a very big concession for Xinjian Bank to have a financial license. 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. "

The Malays of this period are 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 capital to fully intervene to ensure that these industries are within the scope of government control.

Occupying 49% of the shares has also met the expectations of the high-level executives of the Xinjian Department. It is better to have the government to hold 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 is directly blocked from developing newspapers here, let alone TV stations. At present, it can only establish music companies and film companies in Malaysia.

Taking advantage of this opportunity, I also helped Princess Jin talk about the establishment of a theater company, making the first step for Princess Golden Cinema to go out of Xiangjiang.

At the end of the meeting, on behalf of Xinjian Charity Foundation, Chen Xinyi donated [-] million Hong Kong dollars to the Malaysian Ministry of Education 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 at the same time.

And it is guaranteed that all these funds will be distributed to children from poor families. The Xinjian Charity Foundation is also welcome to supervise this.

In fact, the senior management of the Xinjian Department did not care much about how the money was used. Anyway, the donation will be reported on Malaysian TV tomorrow, and the reputation of the Xinjian Department will be established.

To put it bluntly, this money is a stepping stone for Xinjian Group to enter the Malaysian market. It will let the Malaysian government and the public know that Xinjian Group is a socially responsible enterprise, and it will also give back to the society while making profits.

(End of this chapter)