Chapter 602 Quick Layout
“Mr. Wang, you should know that the Hong Kong government does not want Hong Kong’s funds to flow into the mainland to develop their economy.
The board of directors will soon make the final decision on the Hutchison Whampoa matter.
Your Xiangjiang Group has performed very well in the past two years and is one of our preferred choices.

But you chose to invest such a large amount in the Mainland this time,
It will probably ruin the performance of Xiangjiang Group over the years, make the Hong Kong government suspicious of your holding of Hutchison Whampoa, and ruin our work over the past two years.”

Wang Yuanchao took out a one-foot-tall Buddha statue from under his feet. The statue was made entirely of pure gold, and passed it to Shen Bi.

He smiled and said:

“Mr. Shen Bi, Hutchison Whampoa’s most valuable company, Wharf Holdings, was taken away by the shipping tycoon family.
The remaining assets are not that valuable.
And I am a businessman, a capitalist,
Do you know how low the labor cost is to invest in a Pengcheng factory now?

100 Hong Kong dollars, plus the factory management, all the employees’ monthly salary only needs less than 100 Hong Kong dollars,

Do you know how much the labor cost in Hong Kong is?
This year, the minimum monthly salary for factories in Hong Kong has reached HK$800.
And the market is still rising. Hong Kong’s economic development is booming.

Everyone wants to speculate in real estate, stocks, be a singer, or be a star.
You just don’t want to work in a factory?

There is a labor shortage in Hong Kong now.

You also know that our clothing company under Xiangjiang Group,

Now it has a large number of franchise stores in 32 countries around the world.
Now our Victoria’s Secret women’s underwear brand is sold all over the world and is in short supply.
The main reason is that production cannot keep up with sales.
Therefore, our company urgently needs to expand the factory and increase production capacity.

I need more products for global market sales.
Pengcheng is developing a special economic zone and vigorously attracting investment.
Not only is the land cheap, half bought and half given away, but the labor cost is eight times lower than in Hong Kong.
Babei, Mr. Shen Bi, what do you think I should choose?
What choice can I make?
I am a businessman, I just want profit, I just want to make money, I don’t care about so many things, you know?”

Shen Bi listened to Wang Yuanchao’s excited expression and looked at the golden Buddha at his feet.
After thinking for a while, he sighed and said:
“Okay, Mr. Wang, I understand your thoughts and feelings.
I would like to ask again, if you take over Hutchison Whampoa,
How do you plan to operate and protect the interests of other shareholders? “

Wang Yuanchao’s eyes lit up and he said:

“Mr. Shen Bi, if I take over Hutchison Whampoa, I will vigorously develop several ports under Hutchison Whampoa and transform them into container terminals with the latest global technology to increase the status of Hong Kong’s import and export transit station.
It will also enable my products to be better sold around the world.

Second, it is to change Watsons’ current business model.
No longer content with operating retail stores that mainly sell personal care, beauty, health care and other products,
It is no longer just a specialty retail that meets the daily personal care and health needs of the public.

It also plans to introduce goods from various business formats around the world and build Watsons into a comprehensive supermarket and department store with global commercial products.

We have set up stores in every district in Hong Kong, and we can use Watsons’ supply chain to miniaturize Watsons and bring Watsons into every community in Hong Kong.
Focusing on providing food and drink for the citizens of Hong Kong, we provide high-quality material conditions for the citizens of Hong Kong.

As for Hutchison Whampoa’s land reserves in Hong Kong,

I will plan everything out and use it to build more apartments, residences, and shopping malls to provide impetus for Hong Kong’s economic development.”

After listening to Wang Yuanchao’s words, Shen Bi naturally felt Wang Yuanchao’s ambition.

At this moment, Shen Bi was still moved by Wang Yuanchao. After all, the two had known each other for such a long time.

Moreover, Wang Yuanchao’s Xiangjiang Group has always been a VIP and major customer of HSBC. As the boss of HSBC Hong Kong, it is reasonable for Wang Yuanchao to accept Hutchison Whampoa, so he said:
“Mr. Wang, you also know that the current situation is quite complicated, and there are many voices for you to accept Hutchison Whampoa.

But I still think highly of you and support you.

You should be quiet recently, wait for my news, I will try my best to help you. “Wang Yuanchao heard Shen Bi’s clear statement and smiled with satisfaction. After all, people at this level will not easily express their opinions. If they do, it means they will go all out.

“Okay, Mr. Shen Bi, I am currently negotiating with Taikoo to continue purchasing clothing production lines.
I will wait for your news with peace of mind.”

“Okay, Mr. Wang, let’s stop here today.
When you go back, think more about how to protect the interests of other shareholders and the balance between the annual dividends to shareholders and the company’s expansion.”

“Okay, Mr. Shen Bi, thank you for your reminder.”

Wang Yuanchao came out of Shen Bi’s office. The sunshine of Hong Kong Island shone on his body, but it could not dispel the sense of urgency in his heart.

The acquisition of Hutchison Whampoa is just one step in Wang Yuanchao’s grand chess game. The domestic industrial layout is the key to determining the future direction.

After returning to the Xiangjiang Group headquarters, Wang Yuanchao went straight to the meeting room where a group of senior executives had been waiting for a long time.

He strode to the main seat and glanced at everyone:

“Everyone knows that this is a critical juncture. The clarion call for domestic reform and opening up has been sounded, and this is a great time for us to make plans.”

The Marketing Director spoke first:

“Boss, we have conducted detailed research on several major cities in the country.

At present, Shanghai, Beijing, Shenzhen and other places have huge development potential, but there are obvious differences in policies and market demands among different regions.

Shanghai has a strong commercial atmosphere, which is suitable for building high-end commercial complexes;

Beijing has a profound cultural heritage, and projects combining cultural industries with commerce may achieve great success;

As a special economic zone, Pengcheng has strong policy incentives and broad space for the development of manufacturing industry.”

Wang Yuanchao nodded slightly:
“The analysis is very accurate. We need to divide our forces into multiple groups and advance simultaneously. In Shanghai, we will cooperate with well-known local companies to create a city landmark integrating high-end shopping, catering and entertainment, and focus on introducing international first-line brands to enhance the international level of the project;

In Beijing, we will explore historical and cultural resources, develop cultural theme commercial blocks, integrate tradition with modernity, and attract domestic and foreign tourists.

Pengcheng mainly develops manufacturing, and our clothing factories need to further expand their scale, while introducing upstream and downstream industrial chain enterprises to form industrial clusters. “

At this time, the manager in charge of domestic projects looked embarrassed:

“Mr. Wang, the procedures for carrying out projects in China are complicated, and there are many difficulties in communicating and coordinating with local governments and enterprises. For example, in Beijing, the land approval process is relatively long, and our partners also have some different opinions on our planning.”

Wang Yuanchao looked determined: “These difficulties are expected. I plan to hire our domestic partner Zhang Yuanyuan as our general manager. She will form a professional public relations team, deeply understand local policies, regulations and cultural customs, take the initiative to communicate with government departments, and demonstrate our sincerity and strength.

We should seek common ground while reserving differences and find a balance of interests for the opinions of our partners. Remember, we are here to help domestic development, not just to pursue profit.”

(End of this chapter)