Fight to the third generation

I heard that the budget may even exceed tens of billions of dollars. This amount is already worth Su Yehao's trip.

Zheng Yongwen, the CEO of the Hong Kong Stock Exchange, did not know where he got the news.

He took the initiative to take the car to Pengcheng with Su Yehao, obviously wanting to get a share of the pie.

Considering that there are many mainland listed companies on the Hong Kong Stock Exchange, which are indeed suitable for attracting cross-border hot money, Su Yehao does not intend to stop him, but whether Zheng Yongwen can attract the attention of potential large investors depends on his own ability.

I heard that Forty-Nine City paid close attention to this investigation team, and even sent a special person to receive it. It is impossible for Su Yehao to take the risk of offending others to help Zheng Yongwen increase his performance. It is already a great face to agree to bring him.

Now who doesn't know how ferocious the Mainland is in attracting investment.

All kinds of welfare policies are directly overwhelmed, and many enterprises in Southeast Asia, Europe, America, Japan and other places have relocated their factories to the mainland. As a result, the economy and employment situation in the mainland are very good, and there is even a "labor shortage" in the market.

In the past few years, this was almost unbelievable. There was a shortage of young female workers in many areas along the southeast coast, especially in the textile and garment processing industries, where college students were very popular in the job market.

Every era has its own characteristics.

The atmosphere of the mainland is making Su Yehao feel more and more familiar, and the scenery on the street is also, old and new alternately, and construction is going on everywhere.

Sitting in a Rolls-Royce Phantom with double license plates, Zheng Yongwen said: "As expected of a new car, I don't feel tired after sitting for such a long time. When I get back, I will sell my silver spurs and find a way to buy a Phantom as soon as possible."

Su Yehao doesn't have any interest in cars now, it's almost the same if it were a car company itself.

He dozed off and said to Zheng Yongwen:

"Rare things are expensive. This thing is just a consumable. You can buy it with money. It's not very interesting. Compared with gasoline vehicles, electric vehicles are now interesting. The mainland lacks oil and has a great demand for energy. , as an oil-poor country, if the technology of electric vehicles meets the standards, most of them will not worry about selling them in the future.

Zheng Yongwen said calmly: "It makes sense, but if it's really that easy to make, how can it be your turn?"

"That's right, prepare in advance, in case there is a future."

Su Yehao continued:

"In order to sell oil at a high price and ensure their own interests, those oil sellers have been talking about oil depletion for many years. I think the reserves are increasing. The development of electric vehicles may not be too difficult. How to break through the barriers between the upstream and downstream of the industry This is the key, so the mainland is an oil-poor country, which is very important, it is more suitable as a test field, and it is easy to get support from above.”

Zheng Yongwen's strength lies here.

Even if Su Yehao told him his idea, Zheng Yongwen had no way to realize it, and only said with emotion:

"It's really rare. After owning your wealth, you can still maintain the passion for starting a business. If it were me, you might have lost it long ago."

Su Yehao smiled, and replied, "Maybe it's because doing business itself is secondary, and I have other pursuits."

Hearing this sentence, Zheng Yongwen was quite interested and asked:

"Oh? I'd like to hear about this. Is it possible that having the opportunity to be the richest man is not enough?"

"It's two different things. I have met foreign experts who commented that if the population of the mainland continues to maintain economic growth and become rich, it will consume a lot of resources. It will be a disaster at that time. Is this human?"

As soon as Su Yehao finished speaking, he immediately asked and answered, shook his head and added:

"I don't think so. How can residents of Western countries obtain a high-quality life easily and with very little labor? Because they have capital, technology, and through the formulation of rules, they firmly control the lifeline of the economy. "

"If we think of a way to maintain our advantages in some key areas, and shift from labor-intensive and resource-intensive enterprises to the direction of generating high added value, there may be hope that through my efforts in the future, we will be able to limit the limitations of our Chinese people. The ceiling, push it up a bit higher."

"If we take the created wealth as a reference point, it is equivalent to making some people's lives more valuable. The home appliances they can only buy for half a year now may only cost half a month's salary in the future..."

heard.

Zheng Yongwen couldn't help clapping his hands and said with emotion:

"Very valuable life pursuits are enough for you to work hard for decades. The United States has the military as its backing, and through culture, dollars, and high technology, it firmly maintains its own advantages. The oil-producing countries in the Middle East have resources. The mainland seems to have everything, but it lacks everything, and the development of industrial products with high added value is indeed the direction to maintain its own competitiveness and develop the economy."

Don't look at Zheng Yongwen who can understand Su Yehao's thoughts, but actually can't touch things on these levels.

Su Yehao was different.

You need funds, you need technology, you need technology, not to mention knowing the general direction of development, your personal influence is still increasing.

If we fully promote the development of industries such as semiconductors, smart terminal equipment, the Internet, electric vehicles, etc., it may be possible to push up the ceiling that restricts Chinese people to a certain extent.

In the future, it will cost tens of billions of dollars to import cars every year, hundreds of billions of dollars to import oil, and hundreds of billions of dollars to import integrated circuits.

If you think of a way to keep some of it, the value created will far exceed the money itself, which is equivalent to spending trillions of yuan to stimulate the economy every year.

And in case of changing from import to export, the benefits involved will be even greater.

At the beginning of this year, Su Yehao also had a whim, planning to promote Las Vegas to learn from Singapore's model, reduce taxes for companies that set up their global headquarters in Las Vegas, and cancel the inheritance tax of the rich, which is also a level that ordinary people cannot touch.

Some people once said that the rich in the Mainland like to run away and blame the society itself for the problem.

In fact, after all, it is nothing more than a question of interests.

Even in the United States, if there is no high abandonment tax, it is believed that the rich in the United States will choose to immigrate one after another, thereby avoiding inheritance tax.

Inheritance tax will not fall on the real rich. It will only force the rich to choose to immigrate to the tax depression. After all, it is not worth the loss.

The same is true for corporate tax. If the tax rate is too high, entrepreneurs will move away one after another. The reason why Singapore can attract so many companies and allow the rich to bring money to naturalize is due to two words - less tax.

Other places focus on taxation, while Singapore values ​​the value of enterprises and entrepreneurs themselves.

And this method of harvesting wealth, in Su Yehao's opinion, is quite in line with the current situation of the casino.

As long as the Hengqin land in the west of Hong Kong City is borrowed from the mainland, there will be no shortage of office space, and the casino economy may become more developed.

In the past, Su Yehao was always learning to think like a businessman, but now the situation has changed. Thinking about problems is not limited to wealth itself...

Chapter 932

Zheng Yongwen occasionally comes to the mainland, but he feels that there have been great changes.

From his perspective as the CEO of the Hong Kong Stock Exchange, the rapid economic development in the north is undoubtedly a huge benefit for Hong Kong City.

For example, in the tourism industry, the richer the mainland residents are, the more tourists will go to Hong Kong City for tourism and shopping. While driving the consumption industry, it will also directly or indirectly create many jobs.

In addition, the trade and financial industries, as the two pillars of Hong Kong's economy, are mainly used as a bridge to communicate with the mainland and international markets.

As for Hong Kong City, the market is small and there is a lack of manufacturing industry, so the transition from the real to the virtual has long been completed.

Last year, the tertiary industry accounted for nearly 90%, the manufacturing industry only accounted for about 1% of GDP, and the four pillar industries of trade and logistics, finance, professional services and tourism accounted for 60% of its total GDP.

In the past, there was still a need to serve as a window for foreign trade. In fact, with the mainland's entry into the World Trade Organization, a large number of private companies emerged, and the construction of many technical facilities was completed, the advantages of the port city have quickly disappeared.

The situation has actually changed a long time ago, but many Hong Kong residents don't seem to realize this.

Zheng Yongwen specializes in finance and economics, so he looks at problems from a different perspective than ordinary people.

The north is just getting better, and the number of middle-class people with an annual income of more than 6000 US dollars has exceeded [-] million.

In his opinion, this number is a bit alarming.

It's just that the per capita income of this part of the middle class is averaged by the huge population, so it doesn't look so eye-catching, which is quite deceptive.

This actually explains why there were still more than 800 million mainland tourists visiting Hong Kong when SARS was encountered last year. Indeed, a large number of people have really started to become rich.

After being dazed for a while, Zheng Yongwen suddenly asked Su Yehao:

"You have an expert who specializes in the inland market. You have carefully planned for your family, right? Otherwise, why would you have such a vicious vision? I came to the inland for deployment early. I suddenly found out that the scale of your family's business in the inland is simply too large. It’s an exaggeration, the [-]-seat shopping mall plan of the Universal International Group, your mother’s chain of pharmaceuticals, even your girlfriend’s entertainment company and chain of theaters all have great potential.”

Su Yehao once again used the excuse of panacea, and said perfunctorily:

"Maybe it's just luck. At that time, the Asian economy was in a downturn and there were no good investment channels. I felt that the economic growth in the Mainland was very good, so my dad went there to try the water. Who knew that he would invest more and more later. If the same The funds are placed in Hong Kong City, and it is already thankful that the income can be doubled."

"That's right. The golden age of entrepreneurship in Hong Kong City has long passed, and it is very difficult for miracles to happen. The cake is only so big, and there are so many wealthy families. You share a little, and in the end there are leftovers. If you don't come from the mainland With the introduction of fresh blood, I am afraid that the Hong Kong Stock Exchange can only do so, and it is difficult to have much room for improvement.”

Zheng Yongwen has a little research on macroeconomics.

After the financial crisis in Southeast Asia, he also published books analyzing related issues.

With the support of the business administration and economics students of the University of Hong Kong, only a few hundred copies were sold in the end. In his own words, it was a waste of effort.

Most ordinary people only care about the status quo of life, and have no interest in why problems occur.

Anyway, modern society has a clear division of labor. When you encounter a problem, you can just scold the person in charge of the related work. For some troublesome things that are beyond your reach, it is useless to think so much. In the end, there is a high probability that you will only find trouble for yourself.

Su Yehao used to be able to keep his ears to the outside world, but now he has to think about some economic development strategy issues.

In this regard, I can only say that the scale of the business is indeed large, and I have the strength to jump out of the chessboard to a certain extent, and choose to be a chess player as a businessman instead.

The game involved may be worth trillions of dollars in the future.

At this level, let alone multi-millionaires have no strength to participate, even ordinary billionaires can only look up.

If there is a hierarchy for businessmen, Su Yehao is undoubtedly one of the few people standing at the top. Therefore, compared with Bao Yajun and He Shaofan, he is more willing to communicate with Zheng Yongwen. After all, his way of thinking about problems is basically Much the same.

But when it comes to eating, drinking, and gossiping, those bad friends are undoubtedly more suitable.

At this moment.

Su Yehao was also looking at the street scene on the side of the road.

At first glance, I saw a [-]-[-]-story high-rise building with a glass curtain wall on the outside, and it felt very beautiful.

Taking a closer look, it turned out that it was an office building owned by Cosmopolitan International. The number of projects invested by the family was exaggerated. It was normal for him not to know it.

The newly paved asphalt road was just sprinkled with water not long ago. Su Yehao said with emotion:

"Pengcheng is like a demolition household. It has become rich economically in a short period of time, but its temperament and background have not kept up. In the stage of barbaric expansion, many problems will inevitably arise. Overall, it is not concealed. Many people in Hong Kong City The mentality has not been corrected. In fact, compared to staying in Hong Kong City, coming to Pengcheng is full of opportunities, even if you buy a suite casually, you can become a winner in life."

"Well, Hong Kong City is said to be a developed area, but in fact, life pressure is huge, and there is a mismatch between the quality of life and the economy, especially when it comes to housing."

Zheng Yongwen added jokingly:

"There are so many changes in the Mainland. People of different ages should feel like they are in different worlds. The elderly have experienced famine and poverty. It’s going to be different again when young people grow up.”

Su Yehao thought so deeply, and replied:

"Many elderly people may not be able to adapt to the new rhythm. There is a huge generation gap between different age groups. This is an interesting idea that can be used in many fields, such as the advertising industry. If it can arouse the interest of some people, it must be targeted. The Internet is the same. Before, I always felt that tens of millions of Internet users are a bit small, and the potential user group may not be as many as imagined. Some people are relatively poor in accepting new things.”

"...don't forget that I'm not young anymore, your words are a bit suspicious of insinuations, such as online shopping and online games, I, a middle-aged man, have never played it, and I have never been very interested in it."

Zheng Yongwen does not want to admit that he is getting old, but the world has indeed changed tremendously.

There is a company selling stamps and postcards on the Hong Kong Stock Exchange. A few years ago, there was a market value of 3000 to [-] million Hong Kong dollars.

The impact of the information age on traditional life has been quite obvious...

Chapter 933 I Seem to Remember You

A group of local tyrants in white robes lived next to Su Yehao's golf course.

In the past, Su Yehao wanted to make money by speculating in real estate. Su Yehao packed up the entire villa area of ​​Shahe Golf Club. Afterwards, he couldn't leave it idle for a long time. He decided to transform it into a villa-style hotel and operate it externally.

Unexpectedly, the business is quite good after coming and going, and many people regard it as the first choice for entertaining customers, because the grade here is high enough, and the surrounding environment is very good. You can see a large golf course from the room, which looks very impressive.

Not only has the hotel made money, but the prices of these villas have also increased.

Since last year, the real estate industry was clearly regarded as a pillar industry of the national economy, and the "Notice on Promoting the Sustainable and Healthy Development of the Real Estate Market" was issued, thus beginning the era of real estate regulation.

During the SARS period last year, people did not hesitate to take risks and ran to buy houses wearing masks. The market was indeed a bit hot.

This year, Pengcheng Metro Line [-] is about to open, and many real estates are advertising subway rooms, and the popularity continues. The so-called regulation is probably just a lonely one.

In fact, in Su Yehao's opinion.

Using per capita income to analyze whether housing prices are too high seems a little inappropriate for the situation in the Mainland, and using median income to analyze is also inappropriate.

After all, with such a large population, even if calculated according to the actual purchasing power of the mainland, there are only a small number of so-called middle-class and high-income earners, and there are easily tens of millions of people. The purchasing power of these people is relatively strong.

Experts have been calling housing prices too high since the 90s, and they are likely to collapse. Until now, they have remained stable, and housing prices have even risen a lot. The so-called stock housing has not affected it.

This is mainly because a large number of new buyers have emerged in the market, and they are the main force in buying houses.

Many people have not come to their senses and continue to compare housing prices with average incomes, and finally come to the conclusion that housing prices have already experienced a serious bubble. This kind of thinking is actually not in line with the actual situation.

What's more, even if the per capita income is calculated, Pengcheng's per capita income of more than 2 yuan can almost buy a new house of four square meters. Many families have two people working and parents to help, so the burden is not too big.

From the 90s to the present, most of those who really gritted their teeth and bought a house will not regret it.

The prices of some properties have tripled or quadrupled, and they will only regret that they did not buy one or two more units when the housing prices were cheap, or bought a larger apartment.

The group of people who think they are smart and always feel that they should wait, probably have already cried a lot.

The opinions of some experts may be correct from the current point of view, but it is a pity that the plan always fails to keep up with the changes, and the market economy develops too fast and too well, so many people are caught off guard...

The delegation from the Middle East mainly included representatives of several companies from Saudi Arabia and the United Arab Emirates.

They happened to have a meeting a few days ago, and after discussing with each other, they came together, trying to help each other, increase their influence, and then learn from European and American companies that invest in large projects with more growth potential.

Speaking of this delegation, it actually has something to do with Su Yehao.

His 5S asset management company has expanded its business to the Middle East, and opened its offices to Riyadh, Dubai, Abu Dhabi, Qatar and other places. gains in the Nasdaq market.

This news had already been spread in the upper circles, and Su Yehao's subordinates, the senior president in charge of the 5S Asset Management Middle East Branch, actively operated and successfully lured these potential big customers to the mainland.