Chapter 519: Please Pull the Strings
Compared with the plan to build a new university in the Huanggang government, it is even more difficult to promote the establishment of the Hong Kong Technology Fund. Although the Hong Kong government has not been short of money, except for a time when it ran a deficit in '83 and '84 due to the crisis of the future, most of the time its revenue exceeded its expenditure, that is, it was in a state of fiscal surplus.
Hong Kong, as a British colony, is a financial year from April 1 to March 31 of the following year, just like the United Kingdom. In the past 86/87 fiscal year, the Hong Kong government's fiscal balance was as high as 6 billion Hong Kong dollars! The continuous fiscal surplus every year has naturally made it natural for the Hong Kong government to have no shortage of funds in its hands.
And the British government is certainly not reconciled and hands over the wealth it has accumulated to China to receive. So in another time and space, Hong Kong Governor Wilson took advantage of the crisis of confidence in 198-9 to throw out a "Rose Garden Project" that included ten core projects!
According to the Hong Kong government's plan at the time, among the ten core projects, the new Chek Lap Kok Airport alone would have a total investment of more than 200 billion Hong Kong dollars. The Hong Kong government's finances will be burdened with a heavy burden, even if they are not dragged down for many years to come!
Naturally, the Chinese side strongly resisted this, directly threatening that the new SAR government would not recognize the debt performance responsibility of the post-97 period, and finally forced the British side to make concessions and set up a Sino-British joint team to communicate related matters!
In fact, whether it is Sir Youde, who died of a heart attack last year, or Sir Wilson, who just came to Hong Kong in April this year, these two governors are not very tough characters, at least they are much better than the hawkish-stirring stick of Patten later!
But even if the Hong Kong government has money in his hands, Li Xuan wants to take out real money from His Excellency the Governor. It's not an easy thing to do. The method he adopted was to invest money himself, and then incite public opinion to force the Hong Kong government to invest matching funds.
The Eastern Bloc is committed to the next ten years. Inject HK$500 million annually into the Hong Kong Science and Technology Fund to support the development of basic research in Hong Kong. This is a gratuitous donation that is not limited in purpose and return. Since a company is so generous, the Hong Kong government naturally can't be too conservative, and finally decided to invest 1 billion Hong Kong dollars in the Hong Kong Technology Fund every year.
Zhu Diwen is one of the direct beneficiaries of the establishment of the Hong Kong Science and Technology Fund, and the University of Hong Kong Chinese promised to build a high-standard quantum electronics laboratory for him, most of which is funded by this science and technology fund!
In Li Xuan's view, the annual investment of the Hong Kong Technology Fund is actually not much. 1.5 billion Hong Kong dollars is converted into about 200 million US dollars, which is only equivalent to the research funding of the Lawrence Berkeley Laboratory in the United States! Just one of the labs under the US Department of Energy.
However, this is already very rare for Hong Kong, after all, a few years ago Hong Kong was a region with light industries such as textiles, clothing, and toys as the core of the economy. In the 80s, CUHK and HKU were far from being ranked as high as they were in the 21st century!
And even in the 21st century, in another time and space, although HKU and CUHK are often ranked in the top 40 in the world rankings, their achievements in the field of scientific research have been lackluster! Hong Kong itself has long been labeled as a "cultural desert"!
Science is the most important thing to accumulate, and the emergence of Li Xuan has at least promoted a series of changes in Hong Kong. Maybe there's not much change in a day or two. But after ten or twenty years, the temperament and heritage of the whole city will change a lot!
The reason why the Oriental Group was able to do so was in Hong Kong, a place where there is not much electronics industry base. Hard-fought to open a bloody road, completely relying on Li Xuan's rebirth golden finger! And Li Xuan also happened to encounter a good opportunity for the outbreak of the arcade industry, so as to create the current situation of the Eastern Group!
The arcade machine is actually an electronic product with a low technical threshold. It's more important to be creative in the game, and that's Li Xuan's strength as a reborn person! Over the years, the arcade business has contributed more than $5 billion in net profit to the entire Oriental Group.
You must know that the second richest person in the world after Li Xuan. Mr. Walton, the owner of Wal-Mart Supermarket, had a total personal wealth of more than $5 billion as of last year! It was precisely by relying on the large amount of funds provided by the arcade field that Li Xuan was able to carry out technological expansion unscrupulously from the beginning.
You must know that even though Li Xuan has a lot of information about the ARM architecture in his head, he still spent a lot of money and set up a huge R&D team to come up with the ERM architecture. And as time goes by, the role of reborn gold finger will become less and less.
Taking the ERM architecture he is most familiar with as an example, after experiencing the development of ERM-1 and ERM-2 architectures, the little goods in Li Xuan's stomach have been almost exhausted. After all, in his previous life, he was just an ordinary project, not some technical master!
As for the latest RM-3 architecture, it has completely embarked on a path that has never been taken by the ARM architecture in another time and space! You must know that the ARM architecture in the previous life has never been able to break into the field of computer processors controlled by Intel Corporation. But in this life, ERM turned Intel's X86 processor to the ground at the beginning!
Although the ERM architecture has developed to the point where it is completely out of Li Xuan's control, he is still full of confidence in the upcoming ERM-3. But this self-confidence does not come from his rebirth golden finger, but because the public relations team of the ERM project of the Oriental Research Institute is as high as 1,000 people, and the R&D investment of this ERM-3 architecture is as high as 150 million US dollars!
Since the Oriental Group has chosen to take the road of technological innovation, and Li Xuan has always regarded Hong Kong as the most important foundation of the group, it is very necessary to promote Hong Kong's overall investment in scientific research, so as to provide a steady stream of power for the long-term development of the enterprise!
Hong Kong is only a city with a population of five or six million, and its potential in terms of talent pool is far inferior to that of other countries and regions! Li Xuan never thought that Hong Kong's own talent alone would be able to support the development of the Oriental Group, and more importantly, it would have to attract talent from outside!
And for researchers. The most effective weapon to convince them is to provide sufficient funding for scientific research! This is the reason why Li Xuan has vigorously promoted the establishment of the Hong Kong Science and Technology Fund! The Oriental Group only needs to come up with 500 million Hong Kong dollars a year. can leverage an investment of 1.5 billion Hong Kong dollars, which is enough to poach a large number of powerful professors for several universities in Hong Kong!
And wait for these funds to produce tangible results. Li Xuan is confident that he can persuade the Hong Kong government to further increase investment! Don't look at the Oriental Group, it seems that it can only pay and cannot get direct benefits from it, but some accounts are not calculated in this way!
Li Xuan can say without modesty that the Oriental Group is the game-setter of the territory of Hong Kong! All the scientific and technological talents who come to Hong Kong are the dishes on the plate of the Oriental Group! As long as they can show their own value, the Oriental Group will be able to get close to the water and get them in the first place!
In the case of the atomically refrigerated capture technology that Judiwen intends to delve into, this direct result may not be directly related to the business of the Eastern Bloc. But throughout the research and development process, Zhu Diwen is bound to conduct in-depth research on laser technology. Some of the secondary outcomes that emerged from this process. It is not what the Eastern Bloc needs. After all, in the field of semiconductors and electronics, lasers also have a wide range of applications!
"Professor Zhu, although your research is a little advanced for a layman like me, the Oriental Group has always supported and encouraged technology research and development! The Oriental Group is willing to fund 1 million US dollars for your project!" Li Xuan shook hands with Zhu Diwen and said as he got off the plane.
"Li Sheng, thank you for your generosity! I will definitely do my best to make your donation have practical significance!" Zhu Diwen didn't expect Li Xuan to send him such a big gift before parting, and his face was immediately full of gratitude.
CUHK is ready to allocate the total funds to Judiman. It's only $5 million. The money already includes funding for the construction of the quantum electronics laboratory, as well as the cost of his upcoming research projects.
The $1 million gift from Li Xuan will undoubtedly make Zhu Diwen's scientific research work more relaxed! For Li Xuan, he will exchange $1 million for the friendship of future Nobel laureates. It's also a very worthwhile thing!
The two were separated at Kai Tak Airport, and Li Xuan took his own special car back to his home at the Victoria Peak. The first news he heard after returning to Hong Kong was that the Hong Kong Stock Exchange had completed its re-election. Li Fuzhao officially stepped down as chairman of the Stock Exchange!
The new chairman of the Stock Exchange is named Lee Ho-chu, who was the chairman of the Hong Kong Stock Exchange before the merger. He is also one of the Deputy Chairmen of the Stock Exchange since its establishment. The Hong Kong Stock Exchange was the sphere of influence of the original foreign brokerage, and Li Fuzhao took a step back. In exchange for his own safe landing.
And Li Haozhu is actually a candidate who is relatively acceptable to all parties. He is one of the oldest Chinese in the securities industry in Hong Kong, and he has a very deep relationship with various Chinese brokerage firms.
Although the choice of the chairman of the Stock Exchange is very crucial, what is more important is the private wrestling between all parties in the Hong Kong securities industry. Because of the "Black Monday" stock market crash, the Hong Kong government decided to amend the "Securities Administration Regulations" to strengthen the supervision of the securities market.
Hong Kong's securities market lags far behind mature capital markets such as the New York Stock Exchange and the London Stock Exchange, as well as the nearby Taipei-North Stock Exchange and the Singapore Stock Exchange.
For example, both of them have realized computerized trading, while the Hong Kong Stock Exchange is still using manual matching. This backward approach is not only inefficient, but also creates countless opportunities for traders and market makers to trade insider. So much so that in the current Hong Kong stock market, market makers manipulating stock prices abound!
The Chinese-funded brokerage firms, which occupy an absolute advantage in numbers, are the main beneficiaries of the chaos in Hong Kong's securities market. In the face of these off-market tricks, foreign brokerages are simply unable to give full play to their strong advantages in professional technical analysis and capital, but have repeatedly suffered losses.
And Li Xuan also does not want the Stock Exchange to continue to have all kinds of fraudulent behavior. What he needs is a healthy securities market that will serve as an important platform for Hong Kong's electronics industry to raise funds! Therefore, whether it is the Hong Kong government to strengthen supervision over the securities industry or the stock exchange is preparing to adopt a computerized trading system, the Asian securities company under the Oriental Group has raised its hands to support it.
If Li Fuzhao is still the leader, Chinese-funded brokerages may still be able to work together to compete with foreign-funded brokers. But now that Li Fuzhao has suddenly retreated bravely, the Chinese-funded securities firms have suddenly become leaderless, and they can no longer stop the reform of Hong Kong's securities industry!
"Hong Kong's securities industry is ushering in a new reshuffle, making the market more standardized, and eliminating a number of unqualified securities companies through fair competition is conducive to rebuilding the credibility of Hong Kong's securities industry in the minds of investors! But Hong Kong will always be the Hong Kong of Chinese, and now is no longer the era when ghosts can do whatever they want!"
Presumably Uncle Zhao, you don't want to see some people too proud, have you ever considered going out of the mountain again?" After Li Xuan returned to Hong Kong, he didn't adjust to the time difference, so he asked Li Fuzhao to have dinner together.
"Li Sheng, you are too high-valued, my old bones are no longer welcome, it is better not to go to this troubled water again!" Li Fuzhao shook his head with a wry smile and said.
Li Xuan naturally didn't believe what Li Fuzhao said, if he hadn't revealed to Li Fuzhao that the Independent Commission Against Corruption was investigating him, with his usual strong style, even if the stock market crash fell badly, it would be impossible for him to take the initiative to withdraw!
"Uncle Zhao, I don't think you are right, after the previous round of turmoil, the Hong Kong Stock Exchange will only usher in a new life, not a muddy water! Hong Kong's economy is thriving, and the stock market, which has fallen to the bottom, will soon usher in a round of skyrocketing!
In fact, it is not a good thing to leave the Stock Exchange, although you held a high position of chairman before, but you will inevitably be constrained by public office!
Now that there are no officials and no one is light, it is a good opportunity to show off their ambitions and prove themselves again! With Uncle Zhao's status and connections in the Hong Kong securities industry, no one can sell you three points of thin noodles!" Li Xuan said with a smile.
Li Fuzhao listened to Li Xuan's compliments on himself, although his face was not obvious, his heart was very comfortable. Just like Li Xuancai, he was very dissatisfied with his forced resignation as chairman of the Stock Exchange. It's just that the name of the Independent Commission Against Corruption is too scary, so he has to plan ahead!
"Li Sheng, you don't need to pour me ecstasy soup, the favors owed to you are not light, as long as there is a place for me, you can speak!" Although Li Xuan called him an uncle, Li Fuzhao would not really regard the richest man in the world as his nephew.
"Since Uncle Zhao is so refreshing, then I'll say it bluntly! After the death of Feng Jingxi's predecessors, the two little Feng gentlemen seem to have no intention of developing in the financial field! Sun Hung Kai Bank was sold to Arab banks two years ago, I wonder if the Feng family is ready to sell Sun Hung Kai Securities? Asia Securities hopes to acquire Sun Hung Kai Securities, so I want Uncle Zhao to help pull the red line!" Li Xuan said with a smile. (To be continued.) )