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#586 - Sioux City's philosophy

Today is May 1st. Su Cheng's appointment with the Governor of Macao is on May 5th, so there is still plenty of time.

"Mr. Shaw, to be honest, I plan to invest heavily in Macao. If you are interested, you might as well pay more attention to the situation there and see if there are any investment projects that interest you," Su Cheng said with a smile to Run Run Shaw.

As the saying goes, many hands make light work.

Relying solely on Su Cheng's investment can indeed boost Macao's economy.

However, if more Hong Kong businessmen invest, it will have a greater impact on Macao's economic development.

More businessmen entering Macao will also make Macao's economy more prosperous.

At present, Macao's economic structure is very simple.

The gambling industry is Macao's pillar industry, and other industries such as tourism, real estate, and low-end industries only add icing to the cake.

Because of this, Macao's economy still has a lot of room for improvement.

If Hong Kong's Chinese capital consortiums vigorously march into Macao, Macao will definitely be able to enter the ranks of developed regions in a shorter period of time.

After all, a small population also has its advantages.

"Mr. Su wants to make large-scale investments in Macao? As far as I know, the market environment there is very general, far inferior to Hong Kong. Apart from the gambling industry, the development level of other industries is relatively poor. Does Mr. Su want to invest in the gambling industry in Macao?" Run Run Shaw was even more surprised.

After all, he is old and has been to Macao countless times, so he is more familiar with Macao than Su Cheng.

Because of this, Run Run Shaw was surprised by Su Cheng's idea of investing heavily in Macao.

In his opinion, Macao's market is too small and the economic situation is very general, which is not suitable for large-scale investment. Small-scale investment is feasible.

Moreover, Run Run Shaw felt that apart from the gambling industry, the development prospects of other industries in Macao were not very large.

The most important reason why Macao develops the gambling industry is to look at its economic benefits.

With the increase in the popularity of Macao's gambling industry, more and more people are pouring into Macao, which not only brings a lot of foreign exchange income to the local area, but also brings convenience to the local tourism industry and expands employment opportunities!

He knows that Macao's gambling industry is very profitable, because Sociedade de Turismo e Diversões de Macau, S.A. has already made a lot of money there, and the speed of making money is much faster than his Shaw Brothers Film Company.

To this, it is impossible to say that Run Run Shaw is not envious.

However, the current gambling market in Macao is actually only this big, and it mainly relies on Hong Kong tourists.

Now, Sociedade de Turismo e Diversões de Macau, S.A. has almost reached the point where it can cover the sky with one hand in Macao's gambling industry. If he goes in again, he will just be robbing the other party's business.

Moreover, Run Run Shaw has always focused on the film and television industry. Although he is also involved in other industries, the proportion of his overall investment is not large.

When people talk about Run Run Shaw, they will only think of his Shaw Brothers Film Company and his identity as a TVB shareholder. As for other industries, Run Run Shaw's achievements are not outstanding.

Su Cheng has done his best for Run Run Shaw. The relationship between the two is, at best, a business partner. It is already very good to say these words to him. As for whether Run Run Shaw believes it or not, that is his own business.

Many wealthy families have lost their fortunes overnight because of gambling, and how many poor families have been torn apart because of gambling.

Even if the gambling industry makes a lot of money, Su Cheng will not touch it. After all, he does not lack this little money.

Now, Su Cheng is not short of money. The most important thing for him is to maintain his character.

Involving in the gambling industry is definitely trampling on his character.

Sociedade de Turismo e Diversões de Macau, S.A. currently has an annual profit of hundreds of millions of Macao patacas.

This profit is enough to make many top Hong Kong businessmen envious.

After all, even a listed company with a market value of several billion Hong Kong dollars may not necessarily have a profit of hundreds of millions of Hong Kong dollars a year under the current economic situation.

Like Su Cheng, who has such high profits in such a poor market economy, is unique in the world.

In Su Cheng's opinion, a profit of hundreds of millions of Macao patacas is just small money. He will not trample on his reputation for this little money.

Su Cheng also knows that after the economic development in the north takes off in the future, that will be the time for the take-off of Macao's gambling industry. At that time, the economic benefits of Macao's gambling industry will be ten or a hundred times what it is now.

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But so what?

Other industries can also make money!

After listening to Su Cheng's words, Run Run Shaw nodded and pondered.

Although Su Cheng's words made sense, it was impossible for Run Run Shaw to follow him to invest in Macao.

In Run Run Shaw's opinion, although Su Cheng's vision is higher than him and he makes more money than him, he has more business experience.

Run Run Shaw's business philosophy is to seek stability!

Although Su Cheng invited him to invest in Macao, it was impossible for him to invest money because of this.

So, the best way now is to wait and see.

Su Cheng and Run Run Shaw chatted for a long time before Run Run Shaw hurriedly left the New Su's Group Building because he received a call that the company had something urgent.

Watching Run Run Shaw leave, Su Cheng walked to the wide panoramic glass window and looked at the scenery on both sides of Victoria Harbour outside.

He believes that after he invests heavily in Macao and makes money, these Hong Kong businessmen will definitely follow suit and invest.

After all, if Su Cheng invests enough funds in Macao, he will be able to quickly improve Macao's current economic environment.

Therefore, the earlier the investment, the greater the benefit.

In the later stage, as Macao's economic environment gets better and better, Macao's land prices, housing prices, investment costs, etc. will continue to increase.

If Run Run Shaw listens to Su Cheng's words today and invests in Macao as soon as possible, not to mention other things, just investing in the current low housing prices in Macao, he will definitely be able to obtain considerable income in the future.

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