The Wealth Empire Crossing the Hong Kong

Chapter 422 Executive Council Meeting
[-] was an eventful year for Heung Kong. On the one hand, the real estate market continued to drop, and on the other hand, labor costs continued to increase. Coupled with the beginning of the shipping winter, several pillar industries in Heung Kong were under enormous pressure.

In particular, labor-intensive industries represented by textiles and garments are accelerating their transfer to Pengcheng and East India, Malaysia and Thailand markets in order to reduce production costs.

The serious consequence of this is the high unemployment rate, especially in Sham Shui Po, which is centered on textile and clothing production. A large number of unemployed citizens have become a headache for the Bryan government.

How to change Sham Shui Po so that it can change its functions and reduce the unemployment rate in Sham Shui Po District. At 2 pm on February 10th, Bryan specially held a meeting of the Executive Council to discuss. Not only the official members, but also the Unofficial Members of Parliament.

In the meeting room of the Governor's Mansion, the Chief Executive, Xoss, introduced the current situation in Sham Shui Po to the members present after the meeting started, and then asked those present to speak freely on how to change the current situation in Sham Shui Po and provide feasible suggestions for the government.

Li Jianhui, who was sitting in his seat, knew very well that since the outcome of the negotiations is still unclear, for the sake of popular support and prestige, the Bryan government still attaches great importance to Xiangjiang's economic development and social stability.

However, the two parties have reached a critical moment in the secret negotiations, and the change of Sham Shui Po is a long-term problem. Even if he has some ideas in his heart, he has a big question mark in his heart about whether he can implement it in the future. Hear what other people think about this.

Bao Yugang is different from Li Jianhui and others. Compared with Li Jianhui and others who are more concerned about family interests, he stands at the height of the country and the nation.

Seeing that the venue fell silent for a moment without saying a word, he said: "Due to the large number of people in Xiangjiang and the rising labor costs in recent years, the low value-added labor-intensive industries in the industrial center of Sham Shui Po are no longer there. It is suitable for development in Xiangjiang, and major companies have no choice but to choose to relocate, otherwise they will only go bankrupt if they stay in Xiangjiang.

The most important thing now is how to change the economic structure of Sham Shui Po, and what industry to use to make up for the vacancy left by the relocation of the textile and garment industry.

I think we can start from three aspects. The first is the housing industry. Although the property market in Xiangjiang is currently in a downturn, it is only due to the impact of the current situation. At present, there are still many citizens in Xiangjiang who do not have a home for themselves to live in.

Moreover, the population density of Hong Kong Island and Kowloon is extremely high. The development of Sham Shui Po is adjacent to Kowloon and not far from Hong Kong Island. It is completely possible to divert some people from these two areas.

The second is to build Sham Shui Po into a new commercial and consumption center of Xiangjiang, and introduce a number of powerful commercial complexes, so that it can become the five major commercial and consumption centers of Xiangjiang together with Central, Mong Kok, Tin Shui Wai, and Tseung Kwan O.

The third is to rely on Sham Shui Po Sun Hung Kai Technology Group to introduce a batch of electronic semiconductor manufacturing R&D industries, making it another high-tech R&D and manufacturing industrial zone in Xiangjiang after Tseung Kwan O and North District. "

I have to say that Charter King is really insightful. If these three points can be implemented, the development of Sham Shui Po will not be a problem at all.

It’s just that a lot of development can’t just be a cake. It also needs funds and companies to come in. Under the current situation, even in Kowloon, there are very few companies to take over, let alone Sham Shui Po.

As for the electronic semiconductor industry, in Sham Shui Po, Sun Hung Kai Technology currently assembles IBM as an OEM. The main components are produced by major companies in the United States, and they do not have much technology.

In addition, apart from members of the Donghua Consortium who are more enthusiastic about this industry in Heung Kong, Heung Kong Capital mainly invests in finance and real estate, and does not pay much attention to the electronic semiconductor industry.

Even if the Tung Wah Consortium expands production and capacity in the future, it will only choose the Phoenix Industrial Park in the North District and the Xiangjiang High-tech Industrial Park in Dapu instead of Sham Shui Po.

"Mr. Bao's proposal is indeed a way of thinking, and I would like to invite all members of the council to share their views. Today we mainly listen to your opinions. You are all members of the Executive Council and have the right to express your views on the development of Xiangjiang."

After Bryan finished speaking, Shen Bi and Li Zhaoji also spoke out one after another, putting forward some opinions on the future development of Sham Shui Po.

The emphases are different, but they are consistent in the development of residential quarters to divert the population of residents in Hong Kong Island, Kowloon.

"I agree with Bao Sheng, Li Sheng and Mr. Kadoorie on the construction of residential areas to separate the population of Kowloon and Hong Kong Island.

In terms of building a commercial consumption center, our subsidiary Wheelock Group is willing to build the third Wheelock Plaza in Hong Kong in Sham Shui Po to contribute to the development of Sham Shui Po.

As for the industry in Sham Shui Po, I think it should be more biased towards the relatively weak industries of medical equipment and pharmaceutical R&D and production in Hong Kong. If possible, I suggest establishing a Hong Kong Medical University in Sham Shui Po to improve our Hong Kong in this area. Weakness, in this regard, my Heung Kong Medical Group is willing to invest in Sham Shui Po. "

Li Guobao also said after Li Jianhui's speech: "We have a limited area in Xiangjiang, and the development of various places should have a clear positioning. At present, the government is focusing on supporting the development of Dapu Xiangjiang High-tech Industrial Park. At this time, we will position Shamshuipo as a high-tech electronic semiconductor." The industrial development zone is not conducive to the concentrated development of Xiangjiang industry.

As for building a commercial consumption center, it is not easy. Xiangjiang commercial consumption centers are mainly located in Central and Mong Kok. Tin Shui Wai and Tseung Kwan O are also far away from these two centers, so they have good markets. Sham Shui Po is close to this The two centers are too close to develop easily.

We compare ourselves to ordinary citizens, and the distance is not much different. I believe you are more willing to go to Central and Mong Kok for consumption instead of shopping in the Sham Shui Po business district.

Sham Shui Po needs business, but more needs to be met by local residents in Sham Shui Po. Large-scale commercial development will only waste resources.

I support Jianhui's opinion. In Sham Shui Po, we will focus on the development of medical equipment and pharmaceutical industries, and even the research and development and production of body exercise equipment. East Asia Holdings Group is willing to invest [-] million Hong Kong dollars in Sham Shui Po to establish East Asia Pharmaceutical Group, mainly engaged in Research and development and production of Chinese herbal medicine. "

Compared with the previous few who just raised opinions, Li Jianhui and Li Guobao not only mentioned development ideas, but also brought projects directly. As long as the government is willing to build Sham Shui Po into a medical device and pharmaceutical R&D and production center, and is willing to establish Hong Kong Medical University in Sham Shui Po , they are willing to invest in it.

Of course, the Bryan government must show sincerity in this regard, especially in terms of land transfer prices. Li Jianhui and others will not be taken advantage of.

Although Li Jianhui's opinion is more practical, it was not decided at the meeting that day. As for the positioning of Sham Shui Po's development, I am afraid that Brian and Xoss will have to discuss it before deciding.

(End of this chapter)