The Wealth Empire Crossing the Hong Kong

Chapter 583 Betting on the Northern Market
Li Jianhui stayed in Guocheng for quite a long time this time. He passed on the 4th and did not return to Xiangjiang until the 8th.

This time I went back to see my second aunt and uncle and Chen Xinyi's grandparents, and also went to Li Minglin's grave to worship.

Hong Kong is also quite lively these days, especially Hong Kong Club's industries are making frequent moves. The charter king's Kang Nian Bank merged with Wing Lung Bank to form the new Xiang Hua Bank.

OOCL announced to the outside world that China CITIC Group has become the group's second largest shareholder with a 20% stake.

Jiulong Film and Television Media Group rebuilt the Jiulong cinema line, focusing on the northern market, and the main layout cities are Shanghai, Jinling, Lin'an, Gusu, 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 cancelled. All clothing produced in the north will no longer be regarded as imported products and do not need to pay tariffs.

The most eye-catching thing is that Xianghua Real Estate Company, newly established by Chartered King, united with Hehe Industrial and Jingcheng Investment Company to form a joint venture company, and won 264 acres of land in the capital to build the Beijing International Trade Building.

This marks the official entry of Heung Kong Real Estate into the northern market. Even though it is only a joint venture, and it is held by Northern State-owned Assets, it is still a huge breakthrough.

Because of the repeated actions of the Xianghua Association, Li Jianhui did not return home after returning to Xiangjiang. He immediately held a high-level meeting of the Xinjian Department of Xiangjiang in the Wheelock Building.

"According to the latest news we have received, the main reason why the north is so liberalized this time is that Huo Baohu and others promised that within [-] years, all profits in the north will be used for investment in the north. It can be said that these families have already Put all your family in the north.

At present, whether it is the merged Xianghua Bank, or Hopewell Holdings, Kowloon Film and Television Media Group and other industries, the stock price has plummeted. Even the Hong Kong Island Exchange has issued warning letters to many listed companies under Xianghuahui. If the stock price cannot stabilize in time, it is likely to face delisting.

However, it is not ruled out that Xianghuahui itself intends to privatize these companies. It can be said that at such a stock price, Xianghuahui will make a lot of money.

It’s just that it will be very difficult for the companies under Xianghuahui to go public in the future. At least the three major exchanges in Hong Kong will never tolerate the re-listing of such companies that harm the interests of shareholders and the industries behind them. "

After Wu Jiankun, director of the Political and Economic Research Office, said, Shi Shaoming, the headquarters of Jiayi Group, also reported to Li Jianhui on the situation of the theater chain.

The North treats Heung Kong, Lisboa, and even Formosa Capital equally. As long as the Golden Princess Cinemas promises to use the revenue in the northern market for development in the North within [-] years, it will also be able to enter the East and South China markets.

It's just that Lei Juekun, the president of Golden Princess Theaters, is still considering it. If he really agrees to this condition, then Golden Princess can only choose to delist.

You must know that the theater chains are going to give the film companies a share. Once this condition is agreed, 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, and these film companies will share The theater company is required to open and fill.

This decision is not so easy to make. You must know that the Golden Princess Cinemas is not the Wharf Cinemas with nothing.

This theater chain is currently the largest theater chain in Asia, covering many markets in Xiangjiang, Baodao, Malaysia, Thailand, Singapore, the Philippines, and Indonesia, and many theaters have property rights to the Golden Princess Theater, and its total market value is currently even more Up to 163 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 five billion Hong Kong dollars, which is not a small amount. It is impossible to make a decision without many times of weighing and deliberation.

However, Li Jianhui has no such concerns. The Golden Princess Cinemas must not only enter, but also enter on a large scale. All cinemas are built independently, and the property rights belong to the Golden Princess Cinemas.

Li Jianhui, who knows the rapid development in the north in the future, is not afraid of losing money at all. If he doesn't say goodbye at that time, the value of these theaters will bring back ten times and a hundred times the income for the Golden Princess Cinemas.

Liu Qiulin, president of Hongyu Clothing Group, said: "Li Sheng, I have already communicated with the senior management of Guangdong Province. If it is transferred out of the mainland, the product will no longer be regarded as an imported product.”

The presidents of Jingyi Electric, Amoy Group, and Huihong Group also spoke out one after another. The conditions are the same. As long as they do not affect the foreign exchange in the north, they can open their mouths and let these products 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 they can only enter the North through joint ventures and cannot obtain a controlling stake. Even if they can establish a sole proprietorship, they have no plans to enter for the time being.

With the appreciation of the yen, the Japanese real estate market has also ushered in spring. The increase in the past six months has been quite good. Although it is not as crazy as Xiangjiang in the past few years, the income from investing in it is enough to make them flock to it.

Regardless of Hutchison Whampoa or Xinjian Real Estate, they have increased their investment in the Japanese real estate market, especially in the three major metropolitan areas of Tokyo, Osaka, and Nagoya, and communities have sprung up one after another.

After everyone spoke, Li Jianhui said: "We Hongyu Clothing, Jingyi Electric Appliances, Amoy Group, and Huihong Group are ready to expand their production capacity. As for the issues in the stock market, you don't need to worry about them.

While maintaining the demand of our overseas market, we should develop the northern market as much as possible, and don’t be afraid of more revenue. In the future, I will have a lot of investment in the north, and I can spend no matter how much money I have. "

Li Jianhui once mentioned that he would not transfer out within ten years, but this time Xianghua will be even stronger. It will be [-] years directly, which can be said to block the future of the family.

But in Li Jianhui's view, this condition is obviously more suitable for the Xinjian Department than the Xianghuahui. Isn't it that it cannot be exchanged for foreign exchange within [-] years, and it is not that it cannot be used for investment in the Mainland.

He has many industries under his umbrella, and he can completely transfer Hong Kong dollars to these companies in Hong Kong with his left hand and his right hand, in exchange for the RMB on the other party's account, and then use these RMB to invest in highways, airports, ports, etc., and the subsequent wages of employees in the north are not I would like him to transfer Hong Kong dollars in again.

This time the northern executives were in a bit of a hurry and did not fully consider it. You must know that the tax rate of their companies in the special zone is the same as that of Xiangjiang, which is 15% of the profit tax. If this continues, the northern companies, especially private companies, will not be able to compete They compete because everyone's cost is not on the same platform.

But he won't mention this matter. The current policy is obviously more beneficial to the Xinjian Department and even the Donghua Society.

Regardless of whether there will be some adjustments to the policy in the future, anyway, let's talk about it now, he will definitely not watch Xianghua monopolize the market in the north.

Don't think that giving up the Xiangjiang market and betting on the northern market can rise again. Li Jianhui, who has a memory, has more courage to bet on the northern market than them.

Moreover, he believes that when Donghua Club also bets on the northern market on a large scale, Xinhong Club, Xinya Club, Nanjiang Club, and Nanyang Club will definitely not be indifferent, and they will definitely try to bet.

The only thing that makes Li Jianhui regret 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 become the leading retail market in the north. There is still a long way to go.

(End of this chapter)