Chapter 454: New Opportunities
The British government in Hong Kong has never served the people of Hong Kong, but for British capital. Before the 80s, British capital controlled almost all the lifeblood of Hong Kong.
In particular, consortia like Jardine Matheson and HSBC have extended their tentacles to almost every corner of Hong Kong. They want to transfer large-scale capital out, and it is by no means an overnight thing.
The stock market and real estate, which have deposited the most capital, are markets that need to be supported by confidence. If Hong Kong has been in a turbulent and chaotic situation, then the valuation of Hong Kong's housing prices and stock prices will shrink severely, which will inevitably cause heavy losses to the withdrawal of British capital.
So throughout the second half of the 80s, there was a very strange situation in Hong Kong. With the continuous large-scale outflow of capital and elite talents, Hong Kong's property market and stock market have entered a period of explosive growth at the same time.
This is of course inseparable from the rapid growth of Hong Kong's economy itself, but it is not necessarily because the Hong Kong government and the British-funded consortium are working together behind the scenes. And those who dared to hinder the evacuation of British capital were mercilessly swept into the garbage heap.
For example, after the merger of the four exchanges, Li Fuzhao, who successfully served as the first chairman of the Hong Kong Stock Exchange. Although the underside of his ass is not clean, the process of the Independent Commission Against Corruption dealing with him is equally criticized!
Therefore, in the next ruling policy of the Hong Kong government, maintaining social stability will inevitably be an important task. This gives Li Xuan and Youde a basis for cooperation, if the Oriental Group can be optimistic about Hong Kong's future development and invest heavily in Hong Kong, it can naturally greatly appease the panic in Hong Kong society.
For Li Xuan, the accelerated withdrawal of British capital just gave him the opportunity to further deepen his control over Hong Kong, and he was very willing to be this pick-up man!
After Governor Youde mentioned the Tin Shui Wai Electronic Industrial Park, the next exchanges between the two basically revolved around this topic. Li Xuan naturally hopes that the Hong Kong government can give the greatest support to the industrial park in terms of land price and infrastructure construction.
This time, it was Youde's turn to start Tai Chi, and he hoped to set up a special strategy committee to conduct a feasibility study. The Hong Kong government will then make a final decision on the basis of the report submitted by the committee.
Li Xuan was naturally not completely satisfied with this reply, because this so-called feasibility study could be long or short. If it drags on for a year or two, it will completely disrupt the industrial layout of the Eastern Bloc in Hong Kong. Therefore, it is very important who will chair this strategy committee.
Li Xuan himself will definitely not jump out to take over this job, because the Eastern Bloc is one of the stakeholders and needs to avoid suspicion. So he simply proposed. The Chief Non-official Member of the Executive Council, Sir Chung Sze-yuen, is responsible for the work.
As the Chief Non-official Member of the Executive Council, Chung Siyuan is the most influential Chinese in the Hong Kong government. But in previous Sino-British negotiations, Chung did not keep up with the British, and all his rhetoric was to advocate for the interests of the incumbent Hong Kongers, rather than to become the spokesman for the Hong Kong government.
This made him lose a lot of points in the hearts of the British, and the Hong Kong government intended to elect another woman who hugged the British thigh, Deng Lianru to replace her. It is rumored that Tang Lianru will be the chief member of the Legislative Council after the re-election, and in the context of the greatly increased real power of the Legislative Council, her position in the two bureaus will soon be equal to that of Chung Sze-yuen.
But the Hong Kong government wants to marginalize Chung Si-yuen, a veteran with great prestige and seniority in Hong Kong politics. It's not an easy thing to do. What's more, behind him now, there are Li Xuan and the Oriental Group supporting him.
The Hong Kong government is not interested in Hong Kong's industries because there is hardly any British investment in Hong Kong's industries. However, the success or failure of Hong Kong's industry is related to the jobs of hundreds of thousands of low-level workers in Hong Kong, so politicians like Zhong Siyuan who consciously speak for the interests of Hong Kong people have to pay attention. This is also the reason why Li Xuan was able to easily persuade him to come forward and contact a group of members of the two bureaus to jointly submit to the Hong Kong government for the establishment of the Tin Shui Wai Electronic Industrial Park.
Li Xuan proposed that Zhong Siyuan, the proponent of the establishment of the Tin Shui Wai Electronic Industrial Park and one of the most senior members of the two councils in Hong Kong, should be in charge of the specific research work of the project, and Governor Youde could not find any reason to oppose it.
So. Li Xuan was naturally in a very good mood when he left the Governor's Palace. The establishment of an electronics industrial park in Tin Shui Wai does not have much direct benefit to the Eastern Group. Li Xuan previously proposed to invest in a large-scale chip packaging and testing plant in Hong Kong. But in fact, this factory can also choose to be built in Taiwan.
The most important role of the Tin Shui Wai Electronics Industrial Park is to attract a large number of computer component manufacturers to set up factories in Hong Kong, thereby further consolidating the foundation of Hong Kong's computer manufacturing industry. Hong Kong is the most favorable home for Li Xuan, so he is actually very willing to put all the industries that are qualified to continue to stay in Hong Kong here.
Since Li Xuan had lunch with His Excellency the Governor of Hong Kong, Asia Television seems to have gradually returned to its previous neutral stance. The Tin Shui Wai Electronic Industrial Park Project Strategy Research Association, chaired by Zhong Siyuan, was soon established and related research work began.
Leave that to the moment. After going to the Governor's Mansion for lunch with the Governor, he hosted another guest at his home that evening, the manager of his private investment fund. As early as three years ago, Li Xuan set up an investment fund called LH after the initial letter of his name in Cantonese pinyin.
And Zhuang Yuhai, the head of the LH fund. He is a top investment manager that Li Xuan poached from the famous investment bank on Wall Street and Salomon Company. The LH Fund had an initial capital of US$300 million, which increased to US$1 billion before the Hong Kong dollar crisis.
In the battle of the Hong Kong dollar crisis, LH Fund, under the instruction of Li Xuan, began to lay out one or two months in advance, and decisively cleared its position at the moment when the Hong Kong dollar depreciated to the worst, and won a net profit of more than 400 million US dollars in this battle alone.
In addition to speculating on the Hong Kong dollar crisis, Li Xuan has not intervened too much in the investment of LH Fund in the last two years. And Zhuang Yuhai also showed his strength as a first-class investment manager on Wall Street. The LH Fund has returned more than 20% of its investment over the past two years and now has more than $2 billion in assets.
And the reason why Li Xuan invited Zhuang Yuhai to his house for dinner today was because he suddenly remembered a major event in 1985. The finance ministers and central bank governors of the United States, Japan, Germany, Britain, and France gathered at the Plaza Hotel in New York and reached an agreement to jointly intervene in the foreign exchange market and guide the orderly depreciation ......of the US dollar, thereby resolving the problem of the huge trade deficit of the United States.