"Trade Center? Similar to the International Trade Center in New York, USA?" Chen Zhiwen asked with a thought.
Chen Zhiwen naturally knows that the Yanjing International Trade Center will be the first CBD cluster in the history of the mainland, and will also be one of the buildings with the highest income in the future. It is said that after the 21st century, the annual rent of the International Trade Center will exceed 3 billion After the 1910s, the value of RMB exceeded 5 billion. The entire International Trade Center is only for rent but not for sale. However, insiders estimate that the value exceeds 220 billion. In terms of rental income and value, even in Central, Hong Kong, it is the only one that can surpass the International Trade Center. One of the few super buildings.
Although from the data point of view, the area of the International Trade Center is larger and the construction cost should be higher, in this era, land in the mainland is basically free or very cheap. Hong Kong is the opposite. It is said that the first phase of the International Trade Center The cost investment is US$500 million, and this amount of money cannot buy the former land king in Central even during the current real estate crisis in Hong Kong.
"Yes, it's almost the same, but we need to design the shape and floor layout ourselves. It doesn't necessarily have to be a twin tower like New York. The center means that it also needs to include a large modern conference hall that can accommodate thousands of people. It should be convenient for holding large-scale international business conferences, and it should also have five-star hotels and various entertainment venues to facilitate foreign investors." President Liang said.
After this project was proposed by someone within the central government, many people opposed it. The main reason was that it was too expensive. Although the mainland's economy has improved after the reform, the amount of money needed to spend in the early stages of development There are too many, let’s talk about foreign exchange, which requires the purchase of a large number of various heavy industrial production lines, resulting in a serious shortage of foreign exchange.
In terms of internal economy, infrastructure construction has begun in various places. Not to mention other things, the most basic roads and bridges need to be built, right? This is simply not enough for many places that rely on collecting agricultural taxes to maintain government operations, so they can only ask the central government for it.
Major cities, such as Yanjing and Shanghai, also need a lot of funds. The most basic thing is to start laying water pipes, repairing dilapidated roads, repairing dilapidated buildings, etc. At the same time, because the income of farmers is too low, the state has to increase the purchase price of agricultural products, but it cannot increase the cost of living in cities, so it has to provide a large amount of financial subsidies.
Building a CBD cluster is impossible for Yanjing City's finances. One year's finances are not enough without food and drink, not to mention that there is currently a deficit every year, and the central finance is about the same. So after internal discussions, only Can be prepared to be handed over to foreign investment.
The first one to look for was Japan, but the other party made many demands. They took advantage of the opportunity and even asked for low tariffs on some Japanese products. In the end, nothing was done. At this time, Chen Zhiwen was also reported overseas. A large-scale acquisition of Disney, a well-known American entertainment company, involving more than 2 billion US dollars. This price is several times higher than the cost of building the International Trade Center. In addition, the Beijing-Tianjin-Tangshan Expressway is now under construction, which will have a great impact on Yanjing and even North China. Therefore, someone asked Chen Zhiwen about opinion, that’s why we had this meeting today.
"In this case, this investment is not small. What is the approximate budget? Have you considered it in the mainland?" Chen Zhiwen asked with a smile.
Although you already know the approximate figures, you still need to ask questions clearly. If you agree to something if you don’t quite understand anything, then you will feel that something is wrong, and you may even need to make some demands within a reasonable range. This is the essence of a businessman, the pursuit of While mutual benefit exists, you also need to ensure more of your own interests. As for the other party, just ensure that you don't lose money. You also need to do long-term business.
But one thing is that he remembered that the Yanjing International Trade Center project should have been proposed in 1984. It seems to be a year ahead of schedule now. It may be because of his butterfly effect. After all, he has invested heavily in Yanjing, including a large expressway and a A modern automobile factory, a large home appliance production center and countless indirect investments will naturally drive the development of Yanjing's economy, employment and foreign trade, so it is normal for the demand for the International Trade Center to appear earlier.
"Yanjing City estimates its needs in the next ten years based on its population and ability to create wealth. The budget for the International Trade Center is estimated to be US$300-500 million. To be specific, I am not very professional and need to be contacted by professionals. , If Mr. Chen is interested, you can go to Yanjing City to find out more." President Liang paused and said.
"Does this project still require a joint venture?" Chen Zhiwen asked again. This point is very critical. There is no need to consider investing in highways and automobile factories. A joint venture is definitely required. It will be the same in a few decades. The law will not change at all. , so no need to worry. Although the home appliance factory can become a sole proprietorship in a few years, there is no need to consider it in the early stage, because the market is firmly in its own hands, and the domestic joint venture partners have no rights. When foreign investors can become sole proprietors in 1986, they can completely set a price. If the other party does not agree to buy out the other party's shares, then he will immediately build a wholly foreign-owned production base elsewhere and transfer the order, so the other party has no choice.
But the International Trade Center is different. Once the joint venture is built, when the business is good, the joint venture partner refuses to sell it, and there is nothing you can do. It is impossible to build another one to compete, right? It’s unrealistic, this kind of building needs approval.
"Domestic means that it should be wholly foreign-owned, but you still have to negotiate the specific details." President Liang said. In fact, the current domestic restrictions on foreign investment have begun to be slowly loosened. For example, the Shanghai Stock Exchange welcomed the reception at the beginning of this year. An American company specializing in the production of pipeline instruments was directly proposed by the other party to wholly own the production. According to the foreign investment law, this is absolutely impossible. However, the Shanghai Stock Exchange said that it was still possible to negotiate without explicitly rejecting it. This matter also caused a stir in the country. After a small turmoil, the central government finally approved the approval. Although this is also because pipes and instruments are very important in the country, and all of them have been imported before, but no matter what, the opening has begun to slowly open up.
"Okay, I will go there when I have time." Chen Zhiwen nodded and said, "But after I acquire Disney, in the early stage, I will arrange for people from Hutchison Whampoa to go over and understand the specific situation."
At present, Disney's acquisition is the top priority. After it is acquired, the Hong Kong dollar crisis in Hong Kong will almost break out. After this problem is solved, the British side will be honest, recognize the reality, and know that they cannot keep Hong Kong. The Pearl of the Orient, the focus of negotiations will also turn to how to hand over. From then on, I have nothing to worry about.
When it comes to investments of hundreds of millions of dollars, the original normal process is to send professional people to communicate and investigate in the early stage. After the information is almost checked, they will then summarize and report to the boss. From this point of view, the time is about the same.
"Okay, then I will notify Yanjing City to contact Hutchison Whampoa when I get back here?" President Liang said with a smile. If the other party is interested in such a large investment and does not refuse, then he will be successful this time, and the follow-up will depend on the mainland. Over there.
"Yes." Chen Zhiwen nodded and said with a smile: "Come, let's have hot pot. I hope that sooner, ordinary people in China can eat these things every day."
"It's a bit difficult. If ordinary people can eat this meat dish once a week, it's good." President Liang said helplessly: "I hope we can achieve this goal in 30 years."
"Fifteen years may be enough." Chen Zhiwen said with a smile.
The achievements of the mainland's reform and opening up can be said to be miraculous in the history of human economics. Even in the early stages of reform and opening up, everyone's wish was that the domestic economy would be comparable to that of ordinary developing countries in the future, but the subsequent development exceeded everyone's expectations. Imagine.
You must be tired, and you must be tired. But since you developed late, if you want to live a good life, you have to work harder. Even in developed countries such as the West, Japan and South Korea, it took more than two or three generations of hard work to create the successors. of easy life. This is also a characteristic of East Asians. Only China, Japan and South Korea have the opportunity to grow in the world economic system controlled by Europe and the United States and break the middle-income trap.
"I hope so. I'm borrowing Chen Sheng's good advice." President Liang laughed.
After finishing the meal, Chen Zhiwen returned to Hutchison Building. Large-scale infrastructure investments in the mainland are basically handed over to Hutchison Whampoa. This is Chen Zhiwen's special arrangement. As for Wharf, it will wait until the country further liberalizes foreign investment in the future. After restrictions, you can also freely invest internally in industries that suit you, such as large shopping malls, etc.
After meeting Zhou Jiayang, he informed him of the International Trade Center project.
"How's it going? Are there any problems with funding?" Chen Zhiwen asked. During this period, Hutchison Whampoa was vigorously acquiring shares and land of high-quality real estate companies in Hong Kong, or bidding directly from the Hong Kong government. Another big player was in the Japanese real estate market. For example, Hutchison Whampoa has just completed the acquisition of the fifth largest movie theater chain group in Japan at a cost of HK$610 million. It has also acquired office properties in big cities such as Tokyo and Nagoya. Although Hutchison Whampoa has strong capital and has used the loan system in Japan, the entire The Japanese market is so big that the amount of funds it can accommodate is huge. If you continue to invest, it will be a bottomless pit.
"We have funds, but such a large investment will definitely affect our plans in Japan. However, we can try to make use of various bank loans. Even for a project as big as Yanjing, banks in Hong Kong may not dare to invest in it at present." The Zhou family Yang thought for a moment and said.
"I will transfer some funds back to you from the United States, but you are right, bank loans still have to be used. I have full confidence in this project. If the banks in Hong Kong do not agree, then go to the United States. , but the currency of the loan must be US dollars, do not use other foreign currencies." Chen Zhiwen paused and said.
The most convenient thing about cooperating with the Morgan consortium is that a lot of the money he earned in the gold futures market can be evacuated from the United States through normal channels. According to the plan, 3 billion US dollars will flow out within half a year, and the other funds will stay in the United States. , used to help Costco, Best Buy, farm acquisitions and the largest Disney acquisition plan. These funds can only be used in small amounts in Hong Kong, because the Hong Kong market simply cannot accommodate it. Otherwise, he will support the market alone, and other real estate companies will not be able to So happy.
Japan is a natural accommodation pool. Whether it is the stock market or the real estate market, a mere US$3 billion is just a drop in the bucket. Even if bank leverage is used, it is just a larger pebble entering the pond. As for the mainland, it is estimated that this is the amount recently. For the China International Trade Center, other large-scale investments will have to wait at least a few more years.
"That's the best." Zhou Jiayang said with a smile: "Now Japan's real estate market is also rising. Although the rate is not as high as that in Hong Kong a few years ago, it is still fast. The properties we bought before, The value has already begun to appreciate, and I think after a while, I can take out a second mortgage and buy other properties.”
"Money begets money. It's so fast. It's probably even higher than Midea's profits." Chen Zhiwen shook his head and said with a smile.
Midea almost dominates the European and American game industry. It will become even more popular after the launch of Mario. It is estimated that the annual net profit will exceed one billion US dollars in the next few years. However, compared with the upcoming Japanese real estate market, especially after the Hiroshima Agreement The growth rate is far behind, and may even be less than the profits of the Hong Kong real estate market in the future. Because the Japanese game giants of later generations are comparable in scale to the four major families in Hong Kong!
"This is the characteristic of the real estate market. It's a pity that it is not convenient for us to develop projects in Japan, otherwise the profits would be higher." Zhou Jiayang said.
"Just purchase the complete property directly. You will earn less but worry less." Chen Zhiwen said.
Even Japanese capital cannot engage in real estate in Hong Kong, and the reverse is naturally impossible. The real estate market is basically monopolized by local companies. This is both a national policy and a characteristic of the real estate market. Outsiders basically cannot compete. Locally, for example, in the future domestic real estate market, even Hong Kong capital can only invest in office buildings, and basically cannot participate in residential buildings. A few projects, such as those given to Li Jiacheng, are still controlled by him, leading to conflicts with local governments. It also blocks the way for Hong Kong capital to develop land in the country.
"Yes, collecting rent in this way can also reduce our costs a little." Zhou Jiayang nodded and said.
"How are things going at Yantian Port?" Chen Zhiwen asked again.
"Hisense Bank has already been in contact with them. Huo Jianning proposed greater preferential policies and suggested that Yantian Port should be built larger at once, and then directly install various modern port equipment, which also increased the budget of the entire project from 90 Wan directly increased to 15 million, which also hinted that cooperation with Hong Kong capital could be proposed. The Shenhai Municipal Government is already discussing it. If they approve it internally, I will send someone to discuss it." Zhou Jiayang said, in fact, even if it is 15 million , it’s just a drop in the bucket for Hutchison, but this is something the boss cares about, so he must take it seriously.
"Okay, let me know if there is any progress." Chen Zhiwen nodded. For him, this project is naturally nothing, but this is the first port in Shenhai City, so it naturally needs to be taken seriously. Now that he has great support, he must Expansion will definitely need to be discussed. After all, the current financial revenue of Shenhai City is only more than 100 million a year.
"No problem, as long as they are willing to introduce foreign capital, then I am absolutely sure that I can cooperate with them." Zhou Jiayang said with a smile. Currently, among the few terminal companies in Hong Kong that are willing to invest in domestic ports, only Hutchison Whampoa is the only one. Shekou has a precedent, so the probability of cooperation is naturally very high.
(End of chapter)
