My Age of Investment

Huo Jing was very talkative and kept introducing Singapore's urban scenery and culture to Xia Jingxing, who was riding in the same car.

Singapore is as beautiful as a garden city. It is indeed well managed. The roads are wide, the sidewalks are lined with leafy street trees and various flowers, and lawns, flower beds, and small parks are interspersed. The city appearance is clean and tidy. Climbing plants are planted on the bridges and walls, and colorful flowerpots are placed on the balconies of residences.

The numerous high-rise buildings and bustling commercial areas all reflect the wealth here.

Although from the bottom of his heart, Xia Jingxing didn't have a good impression of Po County, which was heavily westernized, but to be honest, the development was really not bad.

Especially compared with the other little dragon, Po County's industrial structure is more reasonable and its development potential is greater.

In the past few decades, the GDP of another little dragon has been ahead of Po County. At the beginning of the century, it was almost double that of Po County.

But this year, Po County has almost caught up, and maybe next year or the year after, it will completely surpass the total GDP.

The population of Po County is more than two million less than that of the other dragon. In terms of per capita GDP alone, it was surpassed before 1997.

The area of ​​Po County is about two-thirds of the other Xiaolong. Land is also scarce, but the housing problem is much better.

Why did Po County give a much better answer to this question?

Because the government is strong enough and cares about the people at the bottom.

As early as 1960, five years before the founding of the People's Republic of China, the Housing and Development Board was established in Po County, which was the beginning of the "HDB housing system".

HDB flats are public housing built by the Housing and Development Board, mostly for the lower middle class and poor families.

The purchase of HDB flats is limited to residents of Slope County whose monthly salary does not exceed S$12,000. Each household is limited to purchasing one HDB flat.

If you sell your HDB flat just after you buy it, you will also face criminal penalties.

After purchasing a HDB flat, you are not allowed to sell it within five years. If you need to buy a better HDB flat, you can only buy it after five years. You must also exit the existing HDB flat to maintain the principle of one house per family.

In addition to the low price of buying a HDB flat, there are also many government subsidies. Even young couples who have just married and entered society can still bear the cost of buying a HDB flat on their own.

If you still can't afford it, there is a kind of People's HDB housing, the property rights belong to the government, and ordinary people can rent.

As of 2008, 85% of residents in Slope County lived in government HDB flats.

Among them, 93% of residents own the property rights of their houses, and 7% of low-income families have applied for low-cost rental flats from the government.

Another 20% of high-income households purchase commercial housing in the market.

This development method of allocating housing resources based on income and "robbing the rich and giving to the poor" has failed to curb the rise in selling prices of commercial housing, but it has ensured that people at the bottom have a home.

When foreigners and high-income people buy commercial housing with larger area, better environment and more expensive prices, they can provide the slope county government with a lot of land revenue, and then the government uses this revenue to build HDB housing and subsidize the people at the bottom .

When young people have a house to live in, they can get married and have children, and naturally live and work in peace and contentment. This also provides strong support for the development of semiconductors, the Internet and other more diversified industrial structures in Slope County.

Xia Jingxing and Huo Jing chatted all the way, and soon arrived at the city hall and met Li Long who went out to greet him personally.

Li Long shook hands with Xia Jingxing warmly, as if he was a relative.

"Mr. Xia, the arrival of Xinxin Group has brought new opportunities to Slope County. On behalf of the 5 million people of Slope County, I want to thank you!"

"Mr. Li is very polite. I would also like to thank the Po County government for providing various policy support for Xinxin Group to settle in Po County.

We are all Chinese from the same neighborhood, and I feel very friendly when I come to Po County.

In the future, we will have opportunities for cooperation in more fields. "

Li Long heard the song and knew its elegant meaning, and wrinkles appeared on his face immediately with laughter.

Large industrial groups such as Facebook, Renaissance Industries, and Domestic Holdings, no matter which of them places their Southeast Asia headquarters in Slope County, will bring some industrial development opportunities to Slope County.

Li Long pays special attention to the Internet.

The Internet in Po County is actually developing well, but the population is too small to raise a big dragon.

He has studied with the economic department and found that the only way out for the Internet in Slope County is to develop externally and integrate the entire Southeast Asian market.

If a large Internet company like Facebook, which serves the entire Southeast Asia region, can place its regional headquarters in Po County, it will not only accelerate the development of the Internet industry in Po County, but also serve as a demonstration effect, attracting startups and major foreign companies throughout Southeast Asia. Gather in Xiangpo County.

It is no exaggeration to say that some of Xia Jingxing's choices will determine whether Po County can seize the strategic commanding heights in some emerging industries.

Therefore, for the young man in front of him, he sincerely welcomed him to come for inspection and investment.

If he weren't worried about public criticism and appearing too flattering, he would have gone to the airport to greet Xia Jingxing in person.

After exchanging pleasantries for a while, Li Long welcomed Xia Jingxing and his party into the city hall, and started the meeting in the presence of countless reporters.

The issues discussed are relatively large, vague, and formulaic, but they are steps that must be taken.

In the evening, the Po County government also organized a state banquet for Xia Jingxing.

The Sands Hotel will not be officially completed until next year, so Xia Jingxing can only stay at the century-old Raffles Hotel.

He had no intention of admiring the colonial-style buildings and furniture. As soon as he returned to the hotel, Xia Jingxing summoned several executives for a meeting.

In the office of the suite, Liu Xiaoduo set up a small blackboard for Xia Jingxing.

Xia Jingxing stood in front of the blackboard, writing and drawing, while several people in the audience stared at the various data written by Xia Jingxing.

“The current share capital structure of Xinxin Group is that we invest US$10 billion and hold 80% of the shares; Temasek invests US$2.5 billion and holds 20% of the shares.

After the establishment of New Core Group, it first spent US$4 billion to acquire Chartered Semiconductor, the largest wafer foundry in Po County.

The transaction consideration of US$4 billion involves US$2.5 billion in cash and US$1.5 billion in debt.

In the current global chip foundry market, Gulf Power alone occupies 47% of the market share, followed by UMC with 13.1% of the market share, and Chartered Semiconductor once again ranks third in the world.

As for Huaxin International, it was originally ranked fourth. After the birth of GlobalFoundries and the market impact this year, it should be ranked fifth.

After Chartered Semiconductor, we spent $6 billion to acquire Marvell Electronics privately.

Chip design and manufacturing have initially opened up the IDM industry chain.

But the question now is, what is the positioning of Xinxin Group? Where is its outlet? "

Xia Jingxing looked at several executives with bright eyes and said, "We still have a lot of cash on hand, but we can't find a suitable merger and acquisition target. This has to be said to be a huge waste.

Money must be spent before it can be transformed into real market competitiveness, and the sooner it is spent, the better, because time waits for no one! "

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