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Xia Yu said with a smile: “I really know, because I made this proposal.”

Yue-Kong Pao’s eyes flashed with surprise, he browses slightly wrinkle, thinking that Xia Yu has always done things with deep meaning, so he immediately asked: “A’Yu, I remember you have already started to transfer factories to Pengcheng, why? Want to build an industrial park in Hong Kong?”

“Everyone is running to Pengcheng, you are doing the opposite!”

Xia Yu expression said indifferently: “Old Pao, the basic labor-intensive industries that moved to mainland are textiles, garments, toys and other labor-intensive industries, with low technical thresholds and heavy dependence on labor costs. I don’t do this.”

Yue-Kong Pao accepted Xia Yu’s reason, but he still felt something was wrong. He thought about it and asked: “Regardless of the labor cost, there is also the investment and use cost of plant hardware, even if the land price in Yuen Long Low, it is also higher than Pengcheng. Even if the Government of Hong Kong builds an industrial park, it may not be able to attract enough companies.”

Xia Yu laughed and said: “Old Pao, I don’t know exactly what Murray MacLehose thinks. After all, I am not the roundworm in his stomach.”

“But if the industrial park is built, I alone can build a lot of large factories. As long as I have a market and enough business, manufacturers of supporting industrial chains will naturally follow.”

“The effect of industrial clusters is right everywhere.”

Yue-Kong Pao stretched his brows and slowly nodded and said, “Yes, although your factory has not been established, I believe you can do it.”

“Then which industries are you going to do? Have you planned?”

Xia Yu replied: “Automobiles, machinery manufacturing, electronics, petrochemicals, etc.”

“Companies in the automotive, machinery manufacturing and electronics industries have existed for a long time, and the petrochemical ICBC industry will be built behind.”

Yue-Kong Pao understands nodded, he knows that Xia Yu does have companies in these industries, previously acquired from Jardine Matheson, such as Jardine Engineering Corporation, Jardine Motors Group, etc., as well as his own Tiangong Electronics Group.

There is only one thing he hasn’t figured out yet, and that is why the government of Hong Kong’s plan has omitted the real estate industry, which is now booming.

He abandoned the boat and went ashore, and now he has been playing a big role in the real estate industry. If there is a real risk, he will have to plan early.

“A’Yu, the real estate industry is booming now, why is it not mentioned in the plan? Could it be that the real estate industry will change in the future?”

Xia Yu shook his head and said: “The real estate future is definitely bright, but whether it is for Hong Kong or for ourselves, the real estate industry is best half bright.”

“Half the light?”

Yue-Kong Pao frowned said, thinking of the attributes of real estate, which can be divided into commercial real estate and residential real estate.

He wondered: “Is there a risk in commercial real estate and residential real estate?”

Xia Yu nodded said: “Yes, Old Pao, you should know the difference between commercial real estate and residential real estate?”

Yue-Kong Pao said without hesitation: “Of course I know.”

“Commercial real estate is an asset-oriented operation, and the cost of investment and development is high. It is about stable long-term income.”

“Residential real estate investment costs are lower, marketing is focused, short-term gains are harvested, and high turnover rates are important.”

The Xia Yu interface said: “That’s it.”

“Moreover, from a marketing perspective, the core of commercial real estate is investment and it faces investors; the core of residential real estate is residence and it faces consumers.”

“There is always a point when commercial real estate is hot again. Investors buy or rent shops to do business, which is good for social and economic development, and is an important part of economic circulation and accelerates the flow of money.”

“On the other hand, residential real estate is different. Consumers have limited money. If the price of housing is too high, consumers will need to overdraft future money to buy houses, and income will basically flow into banks and real estate developers, and very little will be spent on consumption. .”

“So residential real estate is booming, but 100 industries failing.”

“And Hong Kong is the window of the mainland and the meeting point of peace and security foreign and India foreign. Its geographical location is destined to become a prosperous trading place where 100 industries meet.”

“As long as Hong Kong’s business is prosperous, the commercial real estate market will naturally as the tide rises, the boat floats.”

“But Old Pao, do you think that for Hong Kong, for mainland, the price of residential real estate in Hong Kong has gone up, good or bad?”

Yue-Kong Pao shook his head and said decisively: “It’s definitely not good. Housing prices are inversely proportional to the potential of Hong Kong. The overdraft of housing prices is the potential of Hong Kong, and the common people suffer.”

“Whether it is to us or to the general public, 100 industries are the best.”

“Business is like planting leeks. You can harvest and sell them over and over again, and you will have the money to fertilize them and start new fields to grow more leeks. Everyone has to eat them, but if you dig them directly with the roots, they will be gone. The land is dead as well.”

Xia Yu said with a smile: “Old Pao, your metaphor is vivid.”

After smiling, Xia Yu narrowed his smile and said with a serious face: “So whether it is for ourselves, or for the entire Hong Kong, Hong Kong’s residential real estate really can’t let it fly around.”

“But we also know that the real estate industry is too low-tech, so everyone goes to develop real estate if they have some money. How many rich and powerful families are going to the real estate industry. The real estate industry is jointly fired up by everyone. If we want to stop it, it will be difficult. It will be very big.”

“But if you leave it alone, ten years, 20 years, 30 years, one day this bubble will burst. When the time comes, there is only a piece of chicken feathers left. The people at the bottom are complaining, and our foundation will also be corroded. The evil consequences and infamy will eventually be us. And our future generations.”

“I talked to Murray MacLehose. Although the Government of Hong Kong has now begun to rely on land sales, it is not very serious, and commercial real estate can also be sold.”

“So Murray MacLehose is also supported. For him, a British with a mission of United Kingdom, I still admire him for achieving this point.”

Yue-Kong Pao pondered for a long time and asked: “So you plan to focus on the development of the commercial real estate market for your Jiuding Real Estate Group, and confront everyone in the residential real estate market?”

Xia Yu didn’t hide it, nodded said: “Yes, although there is a suspicion of being a bitch torii, in Hong Kong, I really want to be a socially responsible entrepreneur, not a capitalist who drinks human blood.”

“I don’t care when I am abroad, but Hong Kong is my hometown after all, and I am also Chinese. I always have to treat them differently. Gentlemen do something but don’t do something.”

Yue-Kong Pao laughed, admiringly said: “Well said, gentlemen do something but don’t do something!”

“I’ll take this with you!”

“Well, you are the leader in the real estate industry. After merging several companies, I barely squeezed into the top ten in the real estate industry. Let’s join the two teams, and the probability of success is even greater!

“As for Old Fok, when he comes back, tell him, let’s look at himself, but according to what I know about him, he takes money lightly, and he has national justice in his heart. Don’t do it, anyway, it’s just another way to make money that’s all.”

Xia Yu smiled and said, “I have Old Pao with me. I am confident!”

Yue-Kong Pao shook his head and said with a smile: “I just play a supporting role. Don’t put a high hat on me. You didn’t tell me before. If you think about doing it yourself, you must be confident to do it. I don’t know you yet. ?”

“But A’Yu, when it comes to this, I have an opinion on you. Is Old Pao like someone with no bottom line? Why don’t you call me about this?”

Seeing Yue-Kong Pao’s stern face and an unhappy look, Xia Yu was a little embarrassed, but he couldn’t admit it.

He retorted brazenly: “Old Pao, why didn’t I expect you, didn’t I hide you now, I just tell you when you ask?”

“The reason why I won’t tell you for the time being, the main reason is that the Government of Hong Kong hasn’t officially passed the following. If it fails at 8, I told you again. Isn’t that slapped me in the face? “

Yue-Kong Pao looked up and down Xia Yu suspiciously.

Xia Yu expression is as usual, with a calm and composed look, let Yue-Kong Pao look at it.

Yue-Kong Pao retracted his gaze and said with a smile: “That’s OK, tentatively if what you said is true, it will be revealed.”

Then he took a sip of his tea and said: “From tomorrow I will adjust the real estate strategy and focus on developing commercial real estate projects.”

“The profit of commercial real estate is actually not low. The annual income can far exceed the bank interest. In fact, it is stable and not lost. As long as the business environment in Hong Kong gets better and better, the rate of return will be higher and higher.”

“The key is to look at patience.”

Xia Yu said with a smile: “Old Pao does not mean that we give up the residential real estate business. We even have to do more. The greater the influence on the market, the more we can suppress housing prices.”

“If we abandon residential real estate directly, then there is no way to intervene.”

“If there are a lot of housing constructions, and everyone has a house, I see who they develop housing to sell to!”

“Look at how they fry!”

PS: I’m really sorry yesterday, the plan can’t keep up with the changes. I hate drinking, but I can’t push the wine bureau. I drank too much last night…

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