"Of course, I am not discriminating against people at the bottom of the society who are not qualified to get rich, everyone who does not steal, does not rob, does not do illegal things, and makes a fortune with their own hands, should be recognized and respected by others!

But to use an analogy, the American Boeing company makes $10 million selling an airplane. China's small garment factories can make $1 by selling a pair of jeans, and they can make $10 million by producing 10 million pairs! But the meaning of the two is completely different, and everyone knows that the former is more valuable than the latter!

Since the state no longer completely rejects the private economy, it should support intellectuals and technicians to start their own businesses, and the value they can give to society under the same conditions is far more important than selling jeans and fried melon seeds!" Li Xuan said.

In fact, Li Xuan's words are a bit of a sophistry, because China has never supported the development of the private economy throughout the eighties, but has been restricting it, for fear that it will hit the state-owned factories of the cause.

For example, the founder of the famous fool's melon seed, Nian Guangjiu, because his fool's melon seed was very popular and the number of employees once exceeded 100, which caused a fierce debate in the society, thinking that he was the representative of the capitalists' restoration and exploitation.

"Mr. Li, what you said is a bit biased, there is no distinction between high and low occupations, and you can't use education to divide people into three, six, nine and so on!" General Wang Zhen obviously did not agree with Li Xuan's statement.

"Hehe, I heard about the DS-2000 project, but you have invested more than 10 million Hong Kong dollars in research and development. If most technicians leave the unit to do their own business, they won't be able to get 10,000 yuan, so how can they make inventions!" said another vice chairman Yang from another angle.

Li Xuan smiled slightly, this Vice Chairman Yang is really the best compliment. Just led to what he wanted to say: "Technology research and development is indeed a very money-burning thing." No one can foresee that the money we invest will definitely bring benefits!

The reason why Silicon Valley is successful. Not because it's home to the world's most talented people, it's because it's home to the world's largest amount of venture capital! You just have to have an idea that sounds promising. Naturally, there will be venture capitalists willing to come and contribute money to turn your ideas into reality!

If the idea dies halfway through, or turns out not to bring in enough profit in the end, the project founders have nothing to lose but to waste some energy!

And if the project is successful, both the founders and the investors can get rich overnight! That's the biggest attraction of Silicon Valley, where new billionaires are born almost every year!"

A few elderly people here are busy every day, and they may have heard of the name of Silicon Valley in the United States. But you don't really really understand how Silicon Valley works.

Li Xuan paused and continued: "In order to support the development of Hong Kong's electronics industry, Dongfang Electronics Company set up a special venture capital fund and small and medium-sized enterprise incubator a few years ago, and has achieved fruitful results.

Not long ago, I had dinner with Chairman Li Fuzhao of the Far East Stock Exchange in Hong Kong. In view of the booming electronics industry in Hong Kong, a large number of emerging small enterprises are struggling with financing difficulties. I suggested to him that he might as well set up a special GEM for small enterprises with development potential to lower the conditions for listing and financing!

Business incubators, venture capital, and GEM listings, Hong Kong has formed a chain of financial support for the entire process from enterprise cultivation to development and maturity!

Can we also carry out relevant pilot projects in the deep-sea special zone? Hong Kong venture capital should be allowed to intervene in the cultivation of seed companies, and the way of going public in Hong Kong should be used to complete the profitable exit of venture capital! The state can completely reap a number of high-quality enterprises and a large amount of tax revenue without spending a penny!

China's securities market has not yet begun to sprout. It was not until 1988 that the first professional securities company was established. The Shanghai Stock Exchange and the Shenzhen Stock Exchange will not be established until '90 and '91.

For a long time, the only role of China's securities market was to provide blood sucking for state-owned enterprises. Even in the XXI century. China's securities market is still very immature, and it is a policy market rather than a capital market.

And with the soaring cost of labor. The hollowing out of Hong Kong's industry is already an irreversible trend. The current Hong Kong government is obviously not focusing on industrial upgrading and transformation, and Hong Kong will be the best way to transform in the future. It is still the same as another time and space, relying on a freer financial environment than the mainland, and developing into a financial capital.

The development of industry is inseparable from the support of financial industries such as banking and securities. In later generations, China's stock market was the most difficult. Because your company still needs to wait in a long queue even if the basic conditions are met.

After lining up, you must be able to tell a story, and you need to use a euphemistic or tearful inspirational story to impress the interviewers of the Securities and Regulatory Commission to nod and let them go, otherwise all the previous efforts will be in vain.

China's banking sector is the world's most service-oriented and profitable bank. The interest rate of corporate loans in China is much higher than that in Hong Kong!

In Li Xuan's view, the deep-sea special zone and Hong Kong can actually form a perfect complement. Relying on its free market, Hong Kong provides financial support for the deep-sea SAR such as capital loans and the listing of enterprises. The deep-sea special zone relies on China's abundant human resources to develop industries and feed back part of the dividends to Hong Kong. The two can achieve win-win cooperation!

But in another time and space, Hong Kong has always regarded the rise of the deep-sea special zone as a huge threat to itself. In fact, the threat to Hong Kong has never been the deep sea or even the eastern Guangdong province, but the real threat to him is the city of Shanghai.

Or rather, it's not even a competition between two cities, but a competition between the two regions of the Yangtze River Delta and the Pearl River Delta. In the 80s, the biggest bright spot of China's economy was undoubtedly the Pearl River Delta region. Eastern Guangdong Province is at the forefront of China's reform and opening up, relying on favorable special policies to ride the dust.

In the Pearl River Delta Economic Circle, neither Guangdong City nor the Deep Sea Special Economic Zone can replace Hong Kong's special status. Hong Kong has convenient conditions that are not found in China, and Hong Kong capital is the most important source of foreign investment in eastern Guangdong. This determines that Hong Kong will gain huge benefits in the economic rise of eastern Guangdong.

As for the issue of industrial relocation, against the backdrop of rising production costs in Hong Kong, even if the country does not implement reform and opening up, factory owners will still move their enterprises to places with lower wages, such as Southeast Asia, if they want to make a profit.

However, after 1992, with the further deepening of China's opening up, the center of gravity of the country's economy began to shift eastward, and the Yangtze River Delta began to replace the Pearl River Delta as the new engine of China's economic development. And Huhai City, once the largest metropolis in the Far East, has also quickly rejuvenated its second spring. It relies on most of South China as its hinterland and competes fiercely with Hong Kong. (To be continued......)

PS: The previous chapter was supposed to be 348 chapters, but it turned out to be 248 chapters, sorry! I wrote it until two o'clock last night, and I was already dozing off after writing and writing. In fact, I checked it once before uploading, but when I looked at it again today, I found that there were a lot of typos, and many sentences were very incoherent!