Hong Kong, with its special status, has always attracted the attention of neighboring Asian and Western countries. The storm caused by the Hong Kong housing company has naturally begun to spread to neighboring countries and regions.
Hong Kong TV stations are also very popular in Macau, and ATV’s news programs naturally also attract attention.
This makes the citizens of Macao very aware of what is happening in Hong Kong, and naturally they are no strangers to the large-scale construction of public rental housing in Hong Kong by the Hong Kong Housing Corporation.
This policy of the Hong Kong Housing Corporation has naturally aroused strong interest among the people in Macao. After all, urban housing has always been a problem, so local people have expressed their hope that the Hong Kong Housing Corporation can develop in Macao.
Later, even the Macau government extended invitations to Hong Kong Housing Corporation and Umbrella Holdings.
To be honest, if it weren't for the fact that the funds in the hands of Hong Kong housing companies are really low, and they really can't allocate too much energy to develop overseas, facing this kind of proposal, they might actually go across the sea to expand their business there.
During this period, Hong Kong Housing Corporation has experienced a rapid increase in both assets and personnel. In order to avoid confusion in the management of assets and personnel, it will take a period of time to make internal adjustments and digestion.
Only after this step of work is completed can we expand externally.
Of course, as a commercial enterprise, it cannot sit idly by and ignore Macau. Since the Hong Kong Housing Company has no time to take care of other things, Lin Hexia went to Macau on behalf of the Hong Kong Housing Company.
The purpose is also very simple, which is to go to Macau to see where there is investment potential.
So Lin Hexia agreed to the invitation of the Macau government and will conduct an inspection of the industry and commerce in Macau on November 20.
In the previous life, Macau's economic pillars in the 1980s were mainly gaming, industry, tourism, commerce and banking. Compared with Hong Kong, Macau's economic development lagged far behind.
This life is more difficult than the previous one. The light industry, which was developing rapidly in the 1980s, was taken away by Zhao Yi's Hualong Clothing Company. Now it is mainly engaged in re-export trade of Hualong Clothing Company, and the profits are much lower.
The gaming industry's annual tax revenue is only 440 million Australian dollars, but it accounts for 52% of the government's total tax revenue. It can be seen how Macau's economic situation is, and the total bank deposits are only more than 10 billion Australian dollars.
To be honest, with the size of the economy, Lin Hexia's ability to come to Macau for inspection is already a great favor to the Macau government.
You know, not to mention the size of Hong Kong Housing Corporation, which is at least 150 billion US dollars, it is ATV, the weakest economic power under the umbrella holding company, whose annual operating income exceeds the GDP of the entire Macau.
So on the day Lin Hexia came to Macau for inspection, the Governor of Macau personally came to the pier to welcome Lin Hexia's arrival.
Lin Hexia's trip was also quite well-organized. There were more than 20 security personnel in front and behind her, which made Macau business people look at her with suspicion.
There is no way, this is Zhao's death order. As long as you leave Hong Kong, you must bring more than 20 security personnel with you. In Hong Kong, you are also surrounded by no less than 10 security personnel. It can be said that you are fully protected.
Although Lin Hexia was uncomfortable with being followed by so many people for a while, Zhao Yi was so considerate that he didn't have any emotions and faithfully fulfilled Zhao Yi's orders.
After the initial adaptation period, Lin Hexia now feels comfortable traveling with so many security personnel, and walking on the street is quite a spectacle.
Just like this time, the business community in Macau had only heard that there was an economic queen in Hong Kong, but did not know the real situation, because Lin Hexia is also a relatively mysterious existence in Hong Kong, and it is not easy for the business community in Hong Kong to meet her.
Seeing Lin Hexia's travel card this time, these "country bumpkins" immediately realized what a big boss is.
Lin Hexia's aura was now in full swing, making everyone present unconsciously feel that she was a head shorter than her.
After the government banquet, it was time for business talks, attended by both Macau government officials and local business people.
This time Lin Hexia came to Macau, everyone in Macau hopes to take this opportunity to obtain a large amount of development funds and solve the current difficulties encountered by Macau's economy.
With a population of only a few hundred thousand, Macau has been judged by Lin Hexia to be unsuitable for industrial development, and its technical strength is not strong. It is unrealistic to develop high technology and can only develop some light industries without technical content.
To be honest, even if Macau locals wanted to develop these, Lin Hexia would not participate.
Then the rest is the gaming industry, tourism, commerce and banking. If we add another one, it is the real estate industry. Judging from the Macau government’s invitation to Hong Kong housing companies to invest, the Macau government still hopes to vigorously develop the real estate industry.
Macau's gaming industry now adopts a franchise system. If Lin Hexia wants to enter the market, she must cooperate with a company that has a franchise. There is no chance of entering alone.
Tourism is the second largest industry in Macau after the gaming industry, with more than 4 million tourists visiting throughout the year. In fact, only a small amount of profits can be obtained by the umbrella company.
Business forms are diverse and profits are dispersed, which is not conducive to centralized management. Therefore, if you want to enter this area, you can only cooperate with others. It is impossible for an umbrella holding company to operate it yourself.
In the banking industry, HSBC has already established a branch in Macau and has no intention of further expanding its operations. After all, the market is only so large and can easily become saturated.
After much calculation, the most suitable entry point for umbrella holding companies is really the real estate industry, because this is a capital-intensive industry, and umbrella holding companies have natural advantages in this regard.
The next meeting was more clear, which was to discuss investing in the real estate industry in Macau. After a long period of negotiation and communication, Lin Hexia and the Macau government finally signed a land purchase agreement of approximately 500 hectares.
It can be said that the undeveloped land of the Macau government is almost purchased in a package.
Some businessmen who originally invested in industry, seeing Lin Hexia's large investment in real estate, wondered whether they could convert the industrial land in their hands into commercial land or residential land, and then sell it to Lin Hexia.
After all, there is really no future for industrial development. Light industry, which was originally pretty good, has become increasingly competitive in this area as the mainland becomes more and more competitive, causing Macao to become less and less competitive in this area.
Coupled with the gradual increase in labor costs in Macau, which has further weakened the development of Macau's industry, far-sighted businessmen have begun to transform and develop, slowly shifting their focus to business and tourism.
So these businessmen went to the government to explain the dilemma of Macao's industrial development and expressed their desire for economic transformation. As a result, the industrial land in their hands suddenly became commercial land or residential land.
Then take the land with changed use attributes and find Lin Hexia. If it is commercial land, I hope Lin Hexia can invest in it. If it is residential land, I hope to sell the land to Lin Hexia.
After about five days of inspections and talks, and after evaluation by professionals, Lin Hexia's land increased by 100 hectares, bringing the total to 600 hectares, making her a real "landowner" in Macau.
Then there are other business cooperations, such as taking a stake in the Macau Tourism and Entertainment Company, accounting for 40% of the shares.
In order to avoid unnecessary turmoil, Lin Hexia strongly requested that a third-party company be hired to supervise the company's finances, because in history, there have been situations where the assets of the management side have soared, but the shareholders have made small profits every year.
The third-party financial supervision company hired was Yongan Accounting Firm. This accounting firm owned by Zhao Yi has developed into a world-class accounting firm with many collaborators around the world.
Inviting such a well-known company to participate is a strong guarantee for both parties. Of course, the management does not know that this company is actually a sister company to the umbrella holding company, otherwise it may not be this idea.
There are many other scattered business cooperations, ranging from opening restaurants to large five-star hotels. Hundreds of cooperation agreements have been signed.
Fortunately, the land price in Macau is much cheaper than that in Hong Kong, but the total purchase capital of 600 hectares of land has reached more than 22 billion U.S. dollars. Together with other cooperation funds of 1 billion U.S. dollars, the total investment has reached 230 million U.S. dollars. One hundred million U.S. dollars.
With such a large scale of funds, the Umbrella Holding Company absolutely does not have it. It can only transfer funds from other places, and the right to transfer funds lies in Zhao Yi's hands. Fortunately, these agreements are only intention agreements, not formal agreements.
After the trip to Macau, Lin Hexia immediately contacted Zhao Yi and gave a detailed report on the results of the negotiations. The final decision rested with Zhao Yi, and Lin Hexia directly let him make the decision.
In fact, Macau's future development potential is still huge. No matter what, it is still worthy of investment.
It's just that the funds in the hands of Sunflower Investment Company were basically used to support Hong Kong real estate developers' overseas plans and their own investment plans, and there is not much money left.
Although mainland companies have a lot of funds, most of them have been converted into RMB. It is very difficult and unnecessary to change them into other currencies. These funds should stay in the mainland to support the development of the mainland economy.
So Zhao Yi turned his attention to Shangtong Trading Company. Now this company is the only one that still has a lot of cash. Not to mention how much money was invested last year, there is a lot of money for selling the products of his company this year.
In addition to continuing to invest, most of these funds have not been spent, so Zhao Yi called and asked him to prepare 30 billion US dollars in funds and transfer them to the umbrella holding company's account.
More than 20 billion US dollars were used to implement this business cooperation. The remaining funds, in addition to some reserves, were used to establish a Macau Housing Company in Macau to develop the purchased land.
Zhao Yi is not going to put the land in Macau under the Hong Kong Housing Company, because doing so will cause the Hong Kong Housing Company to have too many assets, which is not conducive to refined management, and it is not conducive to Zhao Yi's control of the Hong Kong Housing Company.
So Macau Housing Company, the largest company in Macau, was born, using an operating model similar to that of Hong Kong Housing Company.
In the early stage, based on the population situation of Macau, an appropriate amount of residential development will be carried out, and commercial real estate will also be developed. After all, commercial real estate is the main source of money.
After Umbrella Holdings's series of investment plans in Macau were reported by the media in Hong Kong, it aroused people's attention, and they gained a deeper understanding of Umbrella Holdings' economic strength. (End of chapter)