We are all reborn, who wants to be the richest man?
Chapter 627 The Development of Hong Kong Island
The Hong Kong men's football team has made it to the World Cup. Luo Nianzhong can already imagine how crazy the people of Hong Kong will be, as if the men's football team can make it to the World Cup.
However, Luo Nianzhong still underestimated the extent to which the people of Hong Kong Island and the Hong Kong government cared about this matter. Hong Kong Island has never been so lively during the Chinese New Year.
First of all, it was the Hong Kong citizens. Not to mention all the celebration activities, all kinds of fan clubs were formed in all industries, and all products related to the Hong Kong men's football team were sold out.
Take Tao Tao Ju, the venue where the Hong Kong men's football team held a celebratory party after their arrival, for example.
Because of the popularity of the Hong Kong men's football team, it surpassed Fook Lam Moon. There was a long queue outside the door and it was difficult for ordinary people to book a seat.
If you don't have a reservation and want to dine in last minute, sorry, don't even think about it.
This popularity has brought the Hong Kong men's football team a lot of advertising, especially the two most famous world-class players in the team, Cafu and Roberto Carlos, who became extremely famous in Asia. Many international brands came to them in order to open up the Asian market.
Then there is the Hong Kong government. In addition to the prize money sponsored by the Hong Kong Island Olympic Committee and the public, the Hong Kong government has specially set aside a special fund of 20 million Hong Kong dollars to reward the men's football team.
Not to mention attending various events, even the New Year fireworks over Victoria Harbour were set off specifically for the Hong Kong men's football team.
The Hong Kong government is not spending money in vain. In fact, the domestic consumption of Hong Kong residents during this period has stimulated the economy a lot, and this situation is expected to continue for some time.
"1714.28 billion US dollars, it seems that this year is expected to exceed 1850 billion US dollars."
Hong Kong Island’s GDP last year was US$1714.28 billion, an increase of more than 40% over the same period in the previous life.
The total GDP of more than 1850 billion US dollars is expected this year, which was only reached in 2006 in the previous life.
Just one number will give you an idea of how developed Hong Kong Island’s economy is now. This year, Hong Kong Island’s GDP accounts for 0.68% of the world’s total. This is quite a city.
The key point is that Hong Kong Island’s industries have not yet completed their transformation, and the economic growth rate will not decline in the future.
How did the original Hong Kong Island develop? Finance plus port trade.
The financial industry has begun to show its brilliance because of its relationship with the Far East Financial System, and the port trade will be able to reap dividends for decades because of its relationship with the Rabbit.
How did Hong Kong Island decline? It was still because of these two industries, and another key factor was Hong Kong Island’s lack of ambition.
Internally, Shanghai intends to replace Hong Kong's external international influence.
Overseas, Dubai and Temasek are also eyeing Hong Kong Island's status as an international free trade port and financial center.
As for the key reason for the lack of ambition, it is because Hong Kong has lost its sense of crisis because it is too comfortable to make money without doing anything.
The four Asian tigers became rich by taking advantage of post-war dividends and using cheap labor to occupy the European and American markets.
But later, Taiwan and South Korea both successfully transformed into semiconductors, and Temasek also transformed from a shipping port to develop the petrochemical and electronics industries. Only Hong Kong Island did not follow suit.
It’s different now. Is there no other Asian Tiger Island that has transformed more successfully and faster than Hong Kong?
“What about the manufacturing statistics?”
The Hong Kong government's statistical data on Hong Kong Island's manufacturing industry is vague and not authoritative enough, so Luo Nianzhong asks the statistical agency under the Far Eastern Bank to compile statistics every year.
"This is last year's data report. Last year, the number of manufacturing companies in Hong Kong Island decreased to 1.37, but its share of GDP increased to 41.8%."
The four major industries in Hong Kong Island are financial services, trade and logistics, professional services and tourism.
Real estate industry? This should be counted as part of the financial industry, because most home purchases are made with loans.
However, these four major industries only began to dominate after the late 90s. In the 80s, manufacturing was the big brother.
Normally, Hong Kong's manufacturing industry would have been declining at this point in time, but due to its relationship with the Far East, Hong Kong has completed its transformation.
The number of enterprises has decreased, but their share of GDP has increased. When the overall GDP increases, it only means that the number of high value-added enterprises has increased.
"As the boss of Hong Kong's financial sector, you must be quite busy these days, right?"
"A lot of people came to me."
As Far Eastern Bank's status in Hong Kong's financial sector became increasingly important, Du Huilian was also reported by Hong Kong media as the leader of Hong Kong's financial sector.
"Li Bancheng, Uncle Li, Hang Lung, Sun Hung Kai, and basically the top 20 real estate developers in Hong Kong Island have all come to me."
The land reclamation project between Lamma Island and Ap Lei Chau has begun to take shape. According to the plan, once the project is completed, the entire island will be connected and its area will reach 65 square kilometers, which is almost half the area of Lantau Island.
Because it is land reclaimed from the sea, it is all flat land. The Luo family intends to build a larger science and technology industrial park on this land.
Regardless of whether Yinglun is willing or not, everyone knows that it will definitely succeed. Even if Yinglun drags it out, it can still be implemented after 97 with the influence of the Luo family.
What does the Science and Technology Industrial Park represent? Of course, it represents high-income people.
In the past, Lamma Island was mountainous and far away from Hong Kong, so transportation was not very convenient.
But now it’s different. The planning of the science and technology industrial park has suddenly made Lamma Island a piece of fat meat in the eyes of real estate developers.
Although Lamma Island is mostly mountainous, the highest point is only about 300 meters, and most of the islands are small hills less than meters high.
Setting up a factory may not be cost-effective, but building a luxury house is a different story.
By then, Lamma Island will be surrounded by the sea on three sides and close to mountains and water. Isn’t it a perfect place to build a luxury house?
Therefore, these real estate developers all wanted Far East Bank to provide a large amount of funds in order to acquire land on Lamma Island.
"So the market value of China Electric has increased again? No wonder Michael is so proud of himself recently that he wants to treat us all."
The biggest beneficiary of this plan is China Electric Power Group, because it has its largest power station and a large amount of idle land on Lamma Island, making it the largest landlord on Lamma Island.
This is the benefit of joining the Luo family. Otherwise, why would the Luo family push for the establishment of a science and technology industrial park here?
"I heard that old Kadoorie is currently discussing with the Hong Kong government about buying the Yinzhou Rock Range? They're moving pretty fast."
Yinzhou Rock Pai is located in the eastern part of Lamma Island, closer to Hong Kong Island. The reason for buying this place is to reserve land for the subsequent power station.
There is no need to say much about the semiconductor industry's electricity consumption. The development of semiconductors in Hong Kong over the years has made everyone aware of this big electricity consumer.
The establishment of the Lamma Island Science and Technology Industrial Park will inevitably lead to power shortages in Hong Kong Island. CLP Power must prepare in advance.
There is also the power plant on Lamma Island. When the land price on Lamma Island goes up in the future, the power plant here will be a pure waste of land resources.
It is inevitable to take over Yinzhou Yanpai and reclaim land in advance, and it is a good opportunity to raise funds while the market value of China Electric Light is high.
After chatting with Du Huilian for a few words, the heads of various Far East groups also arrived one after another. Luo Nianzhong had been away for several months, so naturally he had to hold a meeting to understand the current situation of the group when he came back.
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