Reborn Tycoon Rise
Chapter 169 Weicheng Company
Many of the items in this auction are collections of many wealthy people, ranging from antique paintings and calligraphy to rare diamond jewelry.
Most of the auctioneers were wealthy Chinese people. Although there were many senior executives from British-owned foreign companies, these British guys obviously had no interest in helping Chinese orphans or the elderly.
If this time it is a donation to civil servants or government personnel, then British capital will be much more active.
"Xu Sheng is not very satisfied with these auction items?" Li Jiacheng asked from the side.
Xu Zhi shook his head and said, "It's not that I'm not interested, but it's unnecessary."
Li Jiacheng asked: "How can charity be unnecessary?"
Xu Zhi said with a smile: "Charity is of course important, but it also depends on the situation. Charity that gives money directly is the lowest form of charity. My subsidiary Midea encourages the hiring of a group of disabled people in its own factories and all OEMs. Let them be self-reliant, make money on their own, and not become a burden to their families. This is the charity in my heart."
Li Jiacheng nodded and said: "That's good, but this time the charity is targeted at orphans and the elderly. They don't have the ability to work to support themselves."
Xu Zhi said: "There are many types of charity: geological disasters, education, medical care, elderly care, environmental protection, animal and plant protection, and climate control. These actually require a lot of charity funds. Don't talk about us, even the world's richest man, Rockefeller. It’s not enough to invest all the assets, so just do your own thing. My charity is to help disabled people find employment. If orphanages or some elderly people need help, I will personally pay for it, and there is no need to go through the route of the Red Cross Society.”
Li Jiacheng frowned and said, "What Xu Sheng said is good, but it sounds like you have some opinions on the Red Cross Society?"
Xu Zhi smiled and said, "Does Li Sheng know that today's banquet actually has other motives?"
Li Jiacheng nodded, indicating that he knew.
Xu Zhi said: "The charity gala may be just superficial, but I wonder if Li Sheng knows that this is the sixth large-scale charity donation this year!"
"The sixth time?" Li Jiacheng didn't pay attention to this. Although the Hong Kong government often holds gatherings, it has been six times in just a few months, which is a bit too frequent.
Xu Zhi said: "Actually, the reason is very simple. After MacLehose came to power, the Hong Kong government will allocate funds to support some people in need every year. However, due to Vietnamese refugees, this fund has long been exhausted, so this kind of party is needed.
The previous few times were all about donating to refugees, but there was naturally little response. So the Hong Kong government directly spent the funds on refugees first, and then raised money for the poor in Hong Kong, so I am not interested in this kind of thing. "
Since various crises occurred in Vietnam, a large number of people have fled to Hong Kong from Vietnam. However, the Hong Kong government is not stupid and will certainly not allow them to enter. However, the British people thousands of miles away pretend to be generous like idiots. Hong Kong must be ordered to accept refugees.
Even though MacLehose was reluctant in every possible way, he could not stop the British cabinet's decision and was forced to accept these refugees.
But he is not a fool. It is impossible to give these people ID cards. Instead, he will concentrate these people in some places and manage them uniformly. However, the food, drink and sanitation problems of tens of thousands of refugees are a big investment. In the long run, the Yangtze River government will They couldn't bear it at all, and even in the later stages, they began to allow these people to go out to work and obtain regular status, which brought endless trouble to Hong Kong in the future!
"That's it." Li Jiacheng said: "Actually, it doesn't matter what happens to the money in this kind of thing. These are all necessary expenses for doing business."
"Understood!" Xu Zhi nodded. Many businessmen don't care where the money goes. Even if it goes into some people's pockets, they will probably be happier.
"This kind of thing is just a trivial matter, and the government still has to give it face." Li Jiacheng said, "Xu Sheng, have you thought about the matter in Tianshuiwei?"
The development of Tin Shui Wai was spearheaded by the Hong Kong government, and many financial groups joined forces to enter, but basically all failed. It is because the place is too remote and the transportation is underdeveloped. It takes an hour to take a bus to a more prosperous place. Now, even in the 21st century, Tin Shui Wai is the worst economic place in Hong Kong.
Due to the establishment of the refrigerator factory, more than a thousand workers began to go to work, and a large amount of wages were naturally consumed after being paid out. This also brought considerable profits to Weicheng Company (a joint venture of Yangtze River Wheelock).
Now there are rumors that Midea intends to move all arcade machines and supporting suppliers to Tin Shui Wai. Coupled with the popularity of Gameboy during this period, many real estate developers have also discovered the business opportunities.
Once the Midea company is relocated, it will directly create nearly tens of thousands of jobs, not to mention the subsequent indirect employment in the service industry. From this point of view, it will definitely drive the sales of nearby properties. Of course, Li Jiacheng will not let go of this business opportunity. .
Xu Zhidao: "I heard that Weicheng Company has changed its major shareholder. Li Sheng, are you still so active?"
Li Jiacheng said: "Xu Sheng's information is really well-informed."
In 1978, Weicheng Company was established, jointly owned by Cheung Kong Holdings, Wheelock and the local Zhao family. However, in 1979, with the reform and opening up of the mainland, a powerful state-owned enterprise from the mainland entered the Xiangjiang market and intended to develop Tianshui Wai. However, due to the long-term development In despair, Zhao and Wheelock took the opportunity to sell their stocks.
Mainland companies are still relatively naive at the moment, thinking that this is a period of rapid development for the real estate industry in Hong Kong, and buying land now seems to be a sure-profit deal.
However, after entering the market, I discovered the problem. The funds required to develop such a large project are sky-high. It is impossible for any real estate developer to come up with so much cash. Even if they have this money, they cannot invest it foolishly.
To develop a real estate, it usually involves bank loans and off-plan sales to raise funds. However, Weicheng Company faced difficulties in the first step because few banks were willing to lend.
This is not a political reason, but the fact that banks are not optimistic about such a large project in Tianshuiwei at all, and 51% of the state-owned enterprises in charge of Weicheng have no real estate development experience at all. Even HSBC does not dare to lend more than one billion Hong Kong dollars. Once this money becomes a bad debt, HSBC will have to shed some layers of its skin on this money.
Large state-owned enterprises in a dilemma can only find Comrade Lao Li. If it is the original history, even if Li Jiacheng wants to help, Tianshuiwei is indeed too poor, even he can't save it, not to mention he has been busy Negotiating with HSBC to acquire Hutchison Whampoa, there was no time to deal with this matter, and Weicheng Company also stopped all plans.
But things are different now. Although the community near the Midea refrigerator factory is not popular, it has attracted many businesses and residents. This is also the idea proposed by Li Jiacheng and Weicheng Company: to use part of the land to attract industrial giants to settle in Tin Shui Wai.
However, although the total industrial value of Xiangjiang is large, there are no decent industrial giants. At a glance, it is all low-level OEM or assembly. The only one that is attractive is Xu Zhi's Midea Group.
Weicheng Company specially sent people to negotiate some time ago. Their idea is very simple. I will give you industrial land, you move here, and then you open your factory and I will build my residence.
However, Yao Mingcheng, who was in charge of the negotiations, had already been instructed to refuse directly and put forward the conditions for buying a stake in Weicheng.
Weicheng Company naturally refused, so it fell into a dilemma, and neither party wanted to let it go!
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