Chapter 436: Tin Shui Wai
One of the biggest impressions of Hong Kong is that there is little land and more people, and in order to make the most of the land, even factories have been built into high-rise buildings with more than ten floors, which can be described as rare in the world. But in fact, Hong Kong's total land area is 1,095 square kilometers, which is 1.5 times the land area of Singapore, which is also one of the four dragons in Asia.
The reason for Hong Kong's lack of land and large population is largely due to the fact that during the nearly 150 years that the Hong Kong government ruled Hong Kong, it actually only developed about 78 square kilometers of Hong Kong Island and about 50 square kilometers of the Kowloon Peninsula.
In this 128 square kilometers of land, 80 to 90 percent of Hong Kong's 5 million people are now concentrated, and it is natural that it has long been overwhelmed. The remaining nearly 9 million square kilometres of land are underutilized.
Kowloon and Hong Kong Island have long since developed into the world's most prosperous metropolitan areas, and the New Territories are actually no better off than the mainland on the other side of the Boundary River. Of course, there are many reasons why the New Territories has not been developed on a large scale.
When the New Territories were leased to the British by the Qing government, the aborigines of the New Territories rebelled fiercely. Although these rebellions failed, they also gave the residents of the New Territories greater autonomy than the urban areas.
The New Territories now have a completely different model of "squire autonomy" from the urban areas. That is, the British authorities in Hong Kong do not deal directly with the aborigines, but through the establishment of the Heung Yee Council, the head of the Heung Yee Council squire to carry out the "rule of China with China".
For a long time, the land in Kowloon and Hong Kong Island has been able to meet the needs of urban development, so the Hong Kong government has not bothered to go to the New Territories to fight with the indigenous people. It was not until the sixties and seventies that the land in the urban area was almost completely developed. The Hong Kong government had to embark on a series of new town projects in the New Territories.
"Li Sheng, I'm sorry to be late! I was about to go out. But suddenly, two neighbors came to the door because of a trivial matter, and I had to adjust it for them. As a result, a lot of time was delayed!" A man who looked to be about forty or fifty years old and had a somewhat fat figure apologized to Li Xuan again and again as soon as he came in.
"Uncle Fa, it's okay, I've just arrived!" Li Xuan stood up and waved his hand and said.
"Li Sheng, you are so polite, just call me Wangfa or Ah Fa!" Liu Wangfa said with some flattery.
"You are the same age as my father, and I should call you Uncle Fa! Don't call me Li Sheng, I am a junior. Just call me Ah Xuan!" Li Xuan said politely.
"Since Li Sheng said so, I will rely on the old man to sell the old once!" Liu Wangfa said with a hearty smile.
can make the world's richest man "God of Wealth Li" call himself "Uncle Fa", Liu Wangfa also feels very face-saving, and his attitude towards Li Xuan is also a little enthusiastic. Of course, he wouldn't really pose as an elder in front of Li Xuan.
"Li Sheng, Liu Sheng, both of you have arrived, it seems that I am the latest!" At this time, another person walked into the box, and it was Mr. Li Jiacheng, the chairman of Changjiang Industrial. He was followed by a well-mannered young man.
Li Jiacheng first bowed his hand to the two of them and apologized, and then pointed to the young man behind him and introduced: "This is the dog Li Zeju, who has just returned from studying in the United States!"
Li Zeju greeted Li Xuan and Liu Wang very politely, when he looked at Li Xuan. There was a bit of curiosity and reverence in his eyes. Li Xuan's age is actually the same as Li Zeju, but his current status is even more transcendent than Li Zeju's father, Li Jiacheng.
After a group of people meet at a café in Yuen Long Market. After a few pleasantries, we continued our drive north. Go to one of the fish ponds you have booked.
"It's a cloudy day, but it's not stuffy. Let's go fishing without being roasted by the sun!" Li Xuan said with a smile.
One of the three is the well-known "God of Wealth Lee", one is the chairman of two large real estate companies, Cheung Kong and Hutchison, and the other is the chairman of Heung Yee Kuk in the New Territories.
But this party was organized by Li Xuan, and Li Jiacheng and Liu Wangfa were only nodding friends with Li Xuan before, but after receiving his invitation, they still gladly agreed. Li Xuan's real purpose was naturally not fishing, he was just taking advantage of the relaxed atmosphere of fishing to prepare to talk about something with the other two.
"There were a few good fish ponds in Tin Shui Wai before, but unfortunately they have all been filled in now!" Liu Wangfa said towards a large area of overgrown weeds not far to the west, "Brother Li, you Changshi will not continue to develop, and the Hong Kong government will directly abandon the stall after taking over, and it is estimated that it may not be able to restart it for a while!"
Li Xuan and Li Jiacheng are both surnamed Li, but when the two were together, the title "Li Sheng" was naturally given to Li Xuan, who was more famous and had a higher status. So Liu Wangfa simply called Li Jiacheng, who was seven or eight years older than him, "Brother Li".
"In the past, Hong Kong's real estate industry was in decline, and the Hong Kong government's finances were in deficit for two consecutive years, so naturally there was no money to develop the new town of Tin Shui Wai! However, after the agreement between China and the United Kingdom, Hong Kong's market roads are becoming more and more prosperous.
Now that there is no land in the urban area, even Sha Tin, Kwai Tsing and other areas are almost developed, and sooner or later the Hong Kong government will relocate people to these new towns further north!"
Li Jiacheng helped his glasses, and then smiled at Li Xuan, "Li Sheng's Oriental Group is still powerful, and we can only eat in a corner of Hong Kong, but Li Sheng is absorbing gold from all over the world!"
As early as 1979, Li Jiacheng's Cheung Kong Company, together with China Resources Company and Hu Yingbin's Dabao Real Estate Company, jointly established Weicheng Co., Ltd., which acquired a large tract of land from the residents of Tin Shui Wai Village and prepared to develop a new town there.
Although the Hong Kong government has not intervened too much in the governance of the indigenous people of the New Territories, it has introduced a special policy in order to firmly control the political interests of land in its own hands. Except for each male, who is entitled to a plot of land to build a small house when he reaches adulthood, the aborigines of the New Territories must obtain approval from the Hong Kong government if they want to change the rest of their agricultural land to commercial use.
As a result, the inhabitants of the New Territories, although they have a large amount of land in their hands, can only engage in agricultural cultivation with little returns. Many real estate developers have taken the opportunity to buy large amounts of land from the indigenous people at low prices, and then go through the approval joints of the Hong Kong government. Once agricultural land can be converted into commercial land, huge profits can be made immediately.
But when the time came to 1979. It has been less than 20 years since the lease expired in the New Territories. Where Hong Kong will go after 1997 was uncertain at that time. Hong Kong's tycoons are really afraid of the Communist Party. Nationalize everything!
Li Jiacheng and Hu Yingbin were very shrewd and brought China Resources Company in to establish a new Weicheng Company. They also let China Resources get 51% of the shares of the new company. It is possible to have full control of the new company.
Hu Yingbin's father is the famous "taxi king" Hu Zhong in Hong Kong, and Hu Zhong became famous earlier than Li Jiacheng. One of Hu Yingbin's elder brothers is called Hu Yingxiang, and the Hopewell Center, the tallest building in Hong Kong, was originally developed by Hopewell Real Estate Company under Hu Yingxiang's name.
Although Hu Yingbin is not as famous as his brother, with the help of the family's financial resources, the strength of the independently operated Dabao Real Estate should not be underestimated. The Hu family, like Li Jiacheng, are both huge riches in Hong Kong, and the reason why they brought in China Resources, which does not have much experience in the real estate industry, is because China Resources, together with China Travel Service, China Merchants and Bank of China, is collectively known as the four major Chinese-funded companies by Hong Kong people. Every move of these four companies. In the eyes of many Hong Kong people, it represents the mainland government.
The Hong Kong government simply took this opportunity to ask the mainland for directions, so the land change in Tin Shui Wai was successfully completed.
As soon as the land was leveled for the Tin Shui Wai project, Hong Kong newspapers made an overwhelming fuss about China Resources, arguing that the mainland had acquiesced to the Hong Kong government's sale and purchase agreement for the New Territories to continue to be valid after the 97th Century.
At that time, the mainland side quickly refuted, and China Resources Company also withdrew directly from the Tin Shui Wai development project under pressure from the central government. As a result, all the land under the name of Weicheng Company was finally transferred to the Hong Kong government in July 1982. The Hong Kong Government will continue to be responsible for the development of the new town in Tin Shui Wai.
It can be said that the Tin Shui Wai project has, to a certain extent, greatly accelerated the process of officially opening negotiations between China and Britain on the Hong Kong issue. However, shortly after the Hong Kong government took over all the land in Tin Shui Wai, the Hong Kong property market began to collapse, and it was naturally impossible for the Hong Kong government to develop the new town of Tin Shui Wai at this time.
Even from this year. Hong Kong's property market has gradually come out of the shadows, and the Hong Kong government's priority development choice is still unlikely to be Tin Shui Wai. Because Tin Shui Wai is almost the northernmost part of Hong Kong's land boundary. It is 30 kilometers away from the city in a straight line, but it is across the sea from the Shekou Industrial Zone on the mainland.
Even after the opening of the West Railway. It also takes more than an hour to get from Tin Shui Wai to the city. And now the traffic is even more inconvenient, whether it is taking the Tuen Mun Highway. Or take the Fanling Highway, and it takes more than two hours to get to the city of Kowloon by car.
"I heard that Li Sheng, on the other side of the sea, you have encircled a piece of land of more than 20 square kilometers to invest? This is equivalent to four Tianshui Wai, which is really a big deal!" Liu Wangfa said with a wave of his hand to the north.
"This is just a rumor from the Hong Kong tabloids, I am not so capable! After the acquisition of RCA by the Oriental Group, it hoped to reduce production costs, so it decided to transfer part of its manufacturing industry to Chinese mainland.
In order to attract RCA companies to settle in them, the Shenhai Special Zone has applied to the central government to establish a new state-level industrial development zone next to the Shekou Industrial Zone. I've just invested in a few factories in the development zone, after all, the preferential measures that can be given there should be regarded as the best in China right now!" Li Xuan said with a smile and shaking his head.
"The wages on the mainland are much cheaper than those in Hong Kong, and in the past, there was a steady stream of smugglers from the mainland swimming over, so the wages in Hong Kong have not risen too much! In the past few years, people who have illegally smuggled people have not been able to get their identity cards, and once they are caught by the police, they will be immediately sent back!
As a result, wages in Hong Kong immediately began to soar like a rocket, and the bosses couldn't stand it anymore, so they simply went north to the mainland to open new factories! In the first half of this year alone, I had already mediated dozens of labor disputes! After the original workers lost their jobs, they couldn't find new jobs for a while, so they angrily demanded compensation from their former bosses!" Liu Wang sighed and said.
"As a region becomes more and more developed, it is inevitable that wages will rise! Workers in the United States are more lazy and lazy than us Hong Kong people, but wages in the United States are much higher than ours!
With the increase in production costs in Hong Kong, it is not surprising that those industries that are bankrupt and have high turnover have been forced to relocate. What we should really do now is to introduce a number of new factories that can withstand higher labor costs, which is what economists call industrial upgrading!" Li Xuan said disapprovingly.
"Therefore, the newspapers have been discussing recently that Hong Kong must rely on the Oriental Group to vigorously develop the electronics industry! Li Sheng, your success can be regarded as pointing out a way out for Hong Kong's future!" Liu Wangfa slapped his ass lightly.
After all, the strength of the Eastern Bloc is limited, and in recent years, Hong Kong has begun to upgrade its industries to a certain extent in the games, computers, and other products that have been developed around us. But to really achieve great results, in the end, it is inseparable from the support and guidance of the Hong Kong government!"
Li Xuan shook his head humbly, and then turned his head to Li Jiacheng, who was quietly staring at Yu Piao on the other side, and said, "Li Sheng, it is said that when the Hong Kong government and Weicheng Company signed the transfer agreement for the Tin Shui Wai development project, there was a supplementary memorandum?"
Li Jiacheng had been listening quietly to the chatter between the two before, but now he finally took his eyes off the water, and he did not deny it: "We have a memorandum of understanding with the Hong Kong government in order to sort out some rights and interests! Could it be that the Eastern Group intends to take over the development of Tin Shui Wai?"
Li Xuan shook his head and nodded again. This made Li Jiacheng a little puzzled, in fact, he had been guessing the real purpose of Li Xuan's appointment to fish with him. According to the previous performance of the Eastern Group, there has been no intention of entering the real estate industry, but Li Jiacheng is not completely sure.
"When I had dinner with Mr. Chung Sze Yuen before, he was very worried about the gradual hollowing out of Hong Kong's industry! Hong Kong now has a tenth of its population, and all of its people depend on the jobs provided by factories all over Hong Kong.
If these factories are all moved out of Hong Kong because of cost problems, it will have a serious impact on Hong Kong's employment and will inevitably further widen the gap between the rich and the poor in Hong Kong! Therefore, Zhong Sheng is preparing to propose to the Hong Kong government in the near future, hoping that the government can set aside a special area and give the greatest preferential treatment in terms of policies, so as to attract a large number of globally competitive companies to set up factories in Hong Kong and alleviate the employment contradiction in Hong Kong!" Li Xuan explained. (To be continued......)
PS: There is a second chapter, but it may be a little later!