The Wealth Empire Crossing the Hong Kong

Chapter 623 Dividing the Market
Now that he has come to Southeast Asia, it is impossible for Li Jianhui to be in only one place in Brunei. On the morning of the 3rd, Li Jianhui, Su Jiangting and some senior executives of the Xinjian Department took a special plane to Xingzhou.

Li Jianhui has traveled to many countries and regions in the past few years, including ASEAN every year, Malaysia and Thailand many times, but this is the first time for Li Jianhui to come to Singzhou.

Tung Wah Association also has relatively few industries in Sin Chew. There is a petrochemical base that has been assigned to Nanhua Petrochemical, which mainly produces marine oil, a Wheelock Plaza, a Xinhui Hotel, and a storage base for Huangpu Shipping Group. Some banks have branches and retail outlets here.

This time, Li Jianhui and others came to attend the opening ceremony of Wheelock Square in Sin Chew, and to communicate with Nanyang Club about the development of the ASEAN market.

The Nanyang Club not only invited the Xinjian Club, but also the core members of the Sun Hung Club, the New Asia Club, and the Nanjiang Club to Sin Chew.

Now there are no obvious geographical differences within the major associations. Donghua Association has members from Southeast Asia and Taiwan, and the same is true for Xinhong Association, New Asia Association, and Nanjiang Association.

The members of the Nanyang Club are not only members from Southeast Asia, but also members from Xiangjiang and Baodao.

The common point of several major associations is that they are all Chinese or members of Chinese descendants, and they all agree that they are descendants of Yan and Huang.

This time, the Nanyang Association invited several parties to gather together, mainly for the ASEAN market. Although the Donghua Association is strong in this market, Europe, America, Japan, and South Korea are not weak, and competition in many industries is fierce.

The biggest pressure is the ASEAN Chinese-owned families, especially the Nanyang Club whose main industries are in ASEAN.

Regarding the current situation in the ASEAN market, all parties are very clear in their hearts, and they have different attitudes towards the cooperation mentioned by the Nanyang Conference.

Li Jianhui said: "Because the industries under each of our parties are more complex, some competition is inevitable.

We need to see that regardless of Japan, South Korea, Europe and the United States, the entry into ASEAN is mainly for retail, home appliances, automobiles, industrial equipment and other products, and it does not have much impact on the core real estate, finance, hotel textiles, etc. of each company.

In terms of retail sales, each company is under greater pressure. Whether it is Carrefour, Wal-Mart, Ito-Yokado, Lotte, Metro, etc., they are relatively strong and compete with our retail companies in various ASEAN markets.

But our strength is not weak. Whether it is Lane Crawford, Watsons, Berjaya Department Store, Cosway, or SM, Hong Leong Supermarket and other enterprises, they all have strong potential and competitiveness in ASEAN.

I think the current development of the ASEAN market is not bad, and there is no need for any major changes. "

The Nanyang Club is full of complaints, and the Donghua Club is strong, and many industries occupy the leading positions in the ASEAN market. Naturally, they will not have the idea of ​​​​changing the current situation.

To put it bluntly, the reason why Xinhong, Xinya, Nanjiang, and Nanyang are under increasing pressure to develop in ASEAN is that the industry is relatively single and does not have too much technical content, so it is easy to suffer in the face of competition.

Looking at the main industries of the conference, including the Xinjian Department, the top two are finance and real estate, hotels are also owned by everyone, film and television media are also involved, retail is also involved, and textiles and clothing are also not lacking.

Looking at the companies with more technical content under its umbrella, the Xinjian Department is a little better, and there are really few other major consortiums.

Now several major consortium industries in Xiangjiang have entered the ASEAN market, which has caused several companies to compete on their own.

In fact, the pressure that Nanyang will mention is not the pressure from Europe, America, Japan, and South Korea, but more from the pressure from several major conglomerates in Hong Kong.

However, the Nanyang Club obviously cannot directly mention this matter, so it deliberately brought out Europe, America, Japan, and South Korea, hoping that several major consortiums will cooperate, put aside their competition, and jointly attack European, American, Japanese, and Korean companies.

Li Zhaoji said: "At present, we all know the specific situation of the ASEAN market. In terms of home appliances, automobiles, electronic semiconductors, etc., the competition between the East China Association and Europe, the United States, Japan and South Korea is the main one.

In terms of clothing, Donghua will also compete with Europe and the United States in terms of sportswear. In terms of high-end clothing, Western Europe is also the mainstream. Although Xinyang Clothing has developed well, it is outnumbered.

In terms of industrial equipment, Europe, America and Japan are basically monopolized, and each of us basically has no say.

Mr. Guo Henian mentioned that our Chinese-owned family is under great pressure from European, American, Japanese and Korean companies in the ASEAN market. It is really untenable. The only pressure is probably retail.

Since everyone is gathered here today, I think it is better to be open and honest, and only in this way can we truly reach a cooperation.

At the same time, we, Sun Hung Club, hope to include the northern market in this discussion topic, and hope that we can cooperate to develop the northern market, so as to avoid excessive competition in the early stage and let other forces snatch the benefits. "

Zheng Yutong also said: "The main industries of our major associations are relatively similar. In the ASEAN market, due to the rapid expansion of Xinjian, Dongya, Daoheng, Wing On, K. Wah, and Nanlong in ASEAN, Nanyang will be in the banking industry. The financial market has indeed been severely squeezed.

In terms of real estate, although Tung Wah Club's subsidiaries such as Hutchison Real Estate, Huaren Land, Guanghua Construction, Kowloon Central and Xinglong Real Estate are relatively controlled, they mainly develop Johor Bahru, Kuala Lumpur, Cebu, Bangkok, Bandung, and Rayong.

However, these cities are also cities with extremely rapid economic development in ASEAN, which to a certain extent also squeezed the real estate market of Nanyang Club.

In addition, real estate companies such as Sun Hung Kai, Henderson Land, Zhouxing Land, Huamao, Cheung Kong, Hang Lung, Xidian Real Estate, and Shun Tak have entered the ASEAN market on a large scale and are expanding rapidly in major central cities, which is also squeezing the living space of the Nanyang Club industry.

In my opinion, we all share the same root and should cooperate for win-win results instead of infighting like this.

I suggest that everyone can adjust their development directions and regions to avoid multiple competitions in one place, resulting in no profit. The same should be true for the mainland market. "

Li Chaoren also made a speech, and his opinions were similar. He hoped that several parties would communicate and discuss their respective key development areas, so as to avoid fierce competition among several companies in the same area, and he focused on the mainland market.

Donghuahui listened here, but it was not clear that these parties had already passed the gas in private, and their purpose was only one, that is, not to want Donghua to occupy most of the northern market. As for the ASEAN market, this is even more important. More than just an excuse.

Li Jianhui said with a smile: "The ASEAN market has developed into the current situation. Let's not mention it for the time being. Let's talk about the northern market first. I wonder what your opinions are?"

Obviously, all parties have plans long ago. Leaving aside the major industries of several parties and finance, North Carolina is relatively strict in this regard, so don't think about it in the short term.

In terms of real estate, several parties hope that Donghua will focus on the west. In addition, Pengcheng, Shanghai, Ludao, and Jingcheng will be jointly developed. Guangdong Province, Hunan Province, Hubei Province will be mainly developed by Xinhonghui and Nanjianghui, Fujian Province and Jiangxi Province will be developed by Nanyanghui will develop, Jiangsu and Zhejiang will be developed by Xinyahui and Xinhonghui, Lu Province will be developed by Nanyanghui and Xinyahui, and the North China market will be developed by Nanjianghui and Nanyanghui.

Without waiting for a few parties to discuss the follow-up, Li Jianhui immediately said: "Our Donghua Association will definitely not agree to this division. If you really don't want large-scale competition, it's not impossible.

Starting from Sichuan and Shu Provinces, including Hubei Province, Hunan Province, Anhui Province, Jiangsu Province, Zhejiang Province, and Shanghai Stock Exchange, plus Yunnan Province and Guizhou Province as the key development areas of our East China Association, South China, Fujian and Jiangxi, North China, Shandong The provincial, northeast and northwest markets can all be given to you. "

Obviously, these parties will not agree to Li Jianhui's proposal. They are quite clear that the essence of the northern market lies along the Yangtze River.

Several parties quarreled and quarreled, and even a provincial market was arguing with each other. After constant exchanges of concessions and compromises, a rough agreement was reached.

The time is tentatively set for ten years. During this period, the Southwest market will mainly be entered by Donghuahui capital, whether it is real estate or financing local enterprises, the other few will not enter.

The market in Fujian Province, except for Ludao, is mainly entered by the capital of Nanyang Club. As for the possibility of facing competition from Xianghua Club, it depends on Nanyang Club itself.

In addition to Pengcheng, Shantou, and Baidao, Guangdong Province is entered by Xinhong Club, which may also face competition from Xianghua Club. After all, Huo and Hu have a deep relationship with Guangdong Province.

Lu Province was entered by the New Asia Association, and the North China market, except for the capital city, including Jinmen, was entered by the Nanjiang Association's funds.

Donghua will enter Jiangsu Province here, Nanyang will enter Zhejiang Province, Xinya will enter Hunan Province and Jiangxi Province, Xinhong will enter Hubei Province and Anhui Province, Northwest and Northeast and Pengcheng, Ludao, Baidao, Shantou, Shanghai, There are no restrictions on the capital and several cities.

Ten years are initially set, and within this ten years, it is necessary to avoid providing opportunities for capitals such as Europe, America, Japan, and South Korea due to competition between several parties in the northern market.

The main reason why Li Jianhui is willing to accept this agreement is that he does not want the major financial groups in Xiangjiang to fight each other, which will cause the overall strength to stagnate.

In fact, the six major consortiums in Japan have done better in this regard. Although each of them has various industries under their umbrella, they will not engage in fierce competition, let alone fight a price war. This is also why the other party has the confidence to compete with the American consortium. reason.

Relatively speaking, the major consortiums in Xiangjiang are far behind. This is not only the difference in strength, but also the difference in approach.

There is a saying called internal fighting insider, which is quite appropriate to describe the current major consortiums in Xiangjiang.

That is to say, because the strength of the Donghua Association is too strong compared to the other companies, the parties are willing to sit down and communicate together to avoid too much competition. , where there will be such a meeting.

Therefore, at the end of the meeting, Li Jianhui specifically said: "Our enterprise must be competitive, and this alone is not enough. It also needs to have world-leading technology products, so that we will not be afraid of competition.

I also hope that everyone will not put their minds on finance, real estate, film and television media, hotels and other industries, and enter more technology-based R&D enterprises. This is what a mature business consortium should do.

The semiconductor industry is in the ascendant. This is an extremely huge industry. Why are people unwilling to invest in this industry?

What I hope is that our major Chinese business conglomerates can compete with the major Japanese consortia in the future.

A Donghua will be strong or not. When several of us have the strength to compete with the world's top consortiums, we will no longer fight alone in the face of pressure from European, American and Japanese capital.

This is also the reason why our Donghua Association has not targeted your major associations very much, even the Nanyang Association. After the misunderstanding was resolved, our Donghua Association has also restrained its expansion.

It’s just that I hope that everyone can really think about the long-term development of their consortium. A consortium that does not have some industry-leading technologies has little influence in the world, and it is even less likely to become the world’s top consortium. "

Li Zhaoji, Zheng Yutong, Li Chaoren, etc. knew very well that since the establishment of the Tung Wah Club, except for a little bit of trouble with the Far East Club and the Xianghua Club, they have not targeted them much and allowed their development to be relatively stable.

It's just that these parties obviously don't have a solid foundation for entering the R&D industry. Over the years, they have become accustomed to making money from finance and real estate, which is easy and risk-free.

But they also know that what Li Jianhui said is the truth. Looking at Donghuahui, it is clear that its Phoenix Group, Huaxin Group, Huahong Group, and Donghua Communication Group all rank among the top in Xiangjiang in terms of market value.

At present, Sun Hung Club is doing better. Although the other party has more cooperation with the California Consortium and Texas Consortium, it has indeed entered many manufacturing and R&D companies, such as Sun Hung Technology Group, Kwai Tsing Electric Group, and others. Nanhua Motor Company, a joint venture with Luofu.

In terms of semiconductor industry, Xinhonghui is second only to Donghuahui. It not only researches and develops integrated circuits, but also displays (screens). The chip packaging and testing workshop was also put into use on the 2nd.

The other companies are much worse. The manufacturing industry is estimated to be the textile and garment industry. Judging from today's meeting, several parties still want to focus on the development of the real estate industry. Even if they can only be joint ventures, these companies are still rushing .

Li Jianhui can only mention that the specific development depends on them themselves. He has never hoped that these companies can provide strong help to Donghua Society when Donghua Society faces difficulties in the future.

At this meeting, several parties also reached some cooperation. First of all, on the right to issue banknotes in Hong Kong dollars, several parties unanimously supported Xinjian Bank to become a note-issuing bank.

In addition, several major film and television media groups have reached cooperation with Jiayi, and Jiayi will mainly use Jiayi's studio for filming in the future.

The most important cooperation is that several parties jointly invest in the construction of a city central business district, and the location is tentatively designated as Shanghai Stock Exchange.

As for the specific plan and Shanghai stock market policy, Cao Wenjin, whose hometown is in Shanghai stock market, will communicate.

In the short term, Li Jianhui has no hope. The core is the land issue. If it is a joint venture, it will not work in the current situation. The main reason is that the investment scale is too large.

According to the plans of several parties, the total investment may exceed [-] billion Hong Kong dollars. At this time, the finances of mainland cities are relatively tight, and the Shanghai stock market is no exception. The other party has allocated so much funds for joint ventures.

(End of this chapter)