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Chapter 67 Consortium Seventeen

"Ningning, what are you going to Hong Kong? "

"I haven't decided yet. I will officially enroll in August. Now I'm going to borrow and take a look."

"Ningning, why not go to the United States to study, come to Los Angeles, and be with me in the same school, and I will take you everywhere.

"You know how to play. Ningning, where do you live in Hong Kong?"

"Grandpa has made arrangements for me. In a community called Bi Yao Bay, it is said that the environment is good, quiet, and is very close to the University of Hong Kong."

"There is really good there. I have visited it. There are mountains and seas, many trees, and good air. It is a new building that just opened last year. It is a brand new house. Biyao Bay is very close to our home. Ningning, I often come to our home to play when I have time."

"Sister-in-law, don't you just know how to play"

Chen Chong listened to the chatting and quarrels of the three girls on the seats in the back, and smiled slightly. He knew a little more about Biyao Bay than Li Kaiyuan.

Bi Yao Bay was developed by New World Development Co., Ltd., a subsidiary of Cheng Yu-tung. It is located on the hillside of the sea in the southwest Steel Line Bay of Hong Kong Island, No. 555 Dorley Road, Pok Fulin District. It has a quiet environment, far away from the hustle and bustle. It sits and looks at the sea view and is convenient for transportation. It was regarded as a luxury house as soon as it opened in 1979.

There are only more than a thousand units in Biyao Bay, and those who buy houses are either rich or noble. One of them is the owner, Chen Chong, had a meal with him. The man was named Li Junxia, ​​and he is the assistant director of the Hong Kong Police Department. The most powerful Chinese in the police force. He arranged for Ning Ning to live in the same community and the same building as him, which was very thoughtful.

"Manager Zhang, did you arrange your residence in Ningning?" Chen Chong asked a bald old man in his fifties beside him and said, "Is it Building 8?"

The old man crossed his hands and leaned on the back of the chair. He nodded slightly and said, "Properly arrange the children of national leaders to study in Hong Kong is also one of the responsibilities of our China Resources Company. Moreover, I am an old subordinate of General Ning. I have to take good care of Ningning in terms of feelings and reason."

This old man is Zhang Xiancheng, deputy general manager of China Resources Company. This plane is not an ordinary civil aviation aircraft, but a chartered official flight. The passengers inside are all from the Ministry of State, including the Planning Economic Commission, the Ministry of Foreign Trade, the Light Industry Bureau, and the provinces, cities and local foreign trade representatives, and there are more than 50 people. Their destination is China Resources Company in Hong Kong.

Many people always think of the four major overseas banks when talking about Hong Kong in the 1970s and 1980s, Li Ka-shing and Pao Yu-kong, but to be honest, there are two most important companies in Hong Kong, namely HSBC and China Resources Corporation - one that is about the economic and financial sectors of Hong Kong, and the other that is about the daily life of Hong Kong.

Therefore, when China Resources Company holds its annual meeting, the Hong Kong Governor will attend and congratulate.

China Resources is a company in name, but in fact it is a foreign trade window established by the Chinese government in Hong Kong. It is a gray shadow company registered in Hong Kong in the name of private, and then through an internal agreement, stipulating that private shares are held on behalf of the state.

Not to mention China Resources' great achievements before liberation, after liberation, the mainland began to use "three express trains" to supply fresh frozen goods from Hong Kong and Macao, among which live live animals and live poultry account for more than 90% of the Hong Kong market. These goods are exclusively sold by Wufengxing, a subsidiary of China Resources.

During the oil crisis in the 1970s, oil and rice prices soared. China Resources Company transported mainland oil and rice to Hong Kong to stabilize oil and rice prices, thus controlling the daily lives of Hong Kong people. By 1980, China Resources had already involved gas stations, warehouses, cargo holds, docks, tankers, fleets, shopping malls, supermarkets, subway construction and other industries. It had dozens of subsidiaries and quietly became a big crocodile in the Hong Kong business world.

China Resources not only occupies an important position in Hong Kong's daily necessities, but is also in power in the mainland. It is a state-owned enterprise directly under the Ministry of Foreign Trade. It monopolizes the foreign export trade business of all provinces in the mainland. Its annual import and export trade volume is calculated in billions of dollars. It is one of the most powerful and enviable working units in the mainland. It has many benefits, good treatment, and can also work in Hong Kong's flower world. Many people are scrambling to find that many second-generation generations have a close relationship with China Resources. Decades later, if you check it casually on the Internet, you will find that many second-generation generations have a close relationship with China Resources.

In 1957, China Resources was one of the founding units. In 1978, it created the "three come and one supplement" trade model. Therefore, at this time, if Hong Kong people want to set up factories or invest in the mainland, China Resources cannot avoid the hurdle.

Li Kaiyuan was able to lay the foundation and start production so quickly because of the participation of China Resources - Shen Chong took the route of high-rise development, let the upper and lower documents, and let China Resources invest and support, symbolically occupy a little stake in the toy factory, and then helped solve many formal problems as a central enterprise. You should know that at this time, if you build an ordinary house in the mainland, you will have to go to dozens of departments and build multiple UU chapters. Without the help of China Resources, you will face piles of troubles and disputes.

After Li Kaiyuan's toy factory was successful, almost all Hong Kong merchants would go to China Resources to invite people to China Resources before going to the mainland to invest and start a factory, asking China Resources to invest. If China Resources does not invest, they would rather not invest. On the one hand, with China Resources participating, it can avoid a lot of trouble in procedures. Second, China Resources is a state-owned enterprise, and there is little resistance to society with criticism. You should know that capitalists in the mainland are not a compliment. Third, if the mainland policies change and investment is wasted, you can also ask for some soup from China Resources.

In short, in the late 1970s and early 1980s, China Resources Company was incredible, but its prosperity was in decline, which was the unchanging truth in the world. China Resources’ surface was bright and beautiful, but in fact, internal and external troubles had reached the time when changes were necessary.

In 1978, the mainland began to reform the foreign trade system. In August of that year, Guangdong took the lead in separating the foreign trade system and began to operate import and export trade on its own. The leaders instructed that China Resources Company not only had to hand over the foreign trade agency rights of goods produced in Guangdong, but also handed over the dealer team and transportation tools such as trains and ships.

A year later, in August 1979, Fujian, Beijing, Shanghai and Tianjin successively separated from the foreign trade system.

Although the Ministry of Economic and Trade repeatedly stated that other provinces would not allow them to leave the foreign trade system for the time being, they would not worry about the lack of money but the unevenness. The turmoil just passed, and everyone was afraid of being poor. Who would not want to grab some foreign exchange to improve their lives? So within a few months, more than a dozen provinces and cities announced their independence from the national unified foreign trade system, and they would be responsible for their own profits and losses.

China Resources Company lost the supply of goods from most provinces and cities in the mainland, and its strength was greatly reduced. Not only that, foreign trade units in various provinces and cities lacked basic market business concepts, and the teams were of varying quality. After coming to Hong Kong with a large number of goods, some forced to buy and sell, some dumped at low prices, some operated behind closed doors, and some damaged public and private, which seriously impacted China Resources' dealer system that has been painstakingly managed for decades. China Resources protected dealers, was scolded by the mainland, protected the mainland, and was scolded by the dealers. It was not a person on the left, and it was in a mess and miserable way...

"Manager Zhang, I heard that you cursed people for four consecutive days when the Ministry of Foreign Trade held a meeting." Chen Chong pretended to be gossiping and curious and said, "How is the effect? ​​Are there any benefits to scolding China Resources?"

"What benefits can it be? I just want to be happy." Zhang Xiancheng said with a resigned expression, "I am old and will retire in two years. I don't seek fame or profit, but I can't stand the young people making a mess, which ruins our reputation as China Resources."

"Manager Zhang, are you scaring me." Chen Chong said with a smile: "Everyone says honest people don't show their power, and they will scare people to death. You are an old senior of the Ministry of Economics and Trade. If you scold me, your superiors will definitely rectify it. Then China Resources will have a better life."

"Reorganization is a must." Zhang Xiancheng said slowly: "But the whole country is reforming, and China Resources cannot be kept safe, and it also needs to be changed."

"Oh?" Chen Chong became interested and asked, "How to change the method?"

"China Resources used to be foreign trade agency as its main business, but judging from the situation of this meeting, foreign trade independence of each province and city is the general trend and cannot be reversed." Zhang Xiancheng narrowed his eyes slightly and said, "In my opinion, China Resources can only transform into an industry. Chairman Mao said that self-reliance and sufficient food and clothing. The provinces and cities in the mainland do not give us goods. China Resources produces and sells it by itself. We have shopping malls, supermarkets, ships and trains. This is a big advantage that others cannot compare to."

"Which industry is going to be in which China Resources intends to do?" Chen Chong asked indirectly, "Is it fresh food breeding industry, textiles and daily necessities, or real estate? I heard that you are working with Li Ka-shing to develop Tin Shui Wai?"

"We will produce whatever the market needs." Zhang Xiancheng said with a strict slogan and practiced Tai Chi, saying: "The Tianshuiwei project is still in the planning stage and is very controversial, and there is not a single stroke of the eight characters."

Chen Chong smiled and said in a compliment: "Manager Zhang, you are so fond of water."

The real estate development in Tin Shuiwei was a famous dispute during the negotiations on the return of Hong Kong. No matter how strict Zhang Xiancheng spoke, he could not stop Chen Chong's foresight. After a while, he asked: "I heard that China Resources is still an unlimited liability company now. If he goes into an industrial business, he will definitely be transformed into a limited liability company?"

"That's inevitable." This is common sense of business, not classified, and Zhang Xiancheng said without hiding it, "We are studying to reorganize China Resources into a group company. The administrative relationship between them and their subsidiaries is no longer a superior-level and subordinate-level administrative relationship, but a joint-stock company with equity as the link."

Upon hearing this, Chen Chong asked quickly: "When do you plan to start the reform?"

"We are still studying, and we are still studying. After the report is submitted," Zhang Xiancheng said with a smile: "We will restructure whenever the superior says it can be restructured."

This old man is really rigorous...

After China Resources was reorganized into a company, relying on its name as a central enterprise, it has a management level that is much higher than that of mainland enterprises. It has taken action everywhere and developed everywhere. Thirty years later, it has become a behemoth with assets of nearly one trillion yuan, ranking among the top 50 Fortune, and is a super big ship.

After watching the privatization of Russia after the Soviet Union and the sinking of the joint-stock transformation process of state-owned enterprises in the mainland in the 1990s, I naturally understood that this reform was a good time for him to board the ship.

Shen Chong established a preliminary interest relationship with Cheung Kong. In Taiwan, Wei Jingmeng was responsible for his efforts and had interests with the Chiang family. If China Resources was opened up and an invisible consortium spanning the two sides of the Taiwan Strait and the three regions would not be a daydream. At that time, the sky would be high and the birds would fly, and the sea would be wide and the fish would be leaping. The media empire with movies as the core would be as stable as Mount Tai.
Chapter completed!
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