Chapter 520: Creating a Monument

At this time, Yang Xing proposed the plan to launch the Hainan Cross-Sea Bridge in advance. In addition to accelerating the infrastructure construction in Hainan, he also gave Hainan officials a reassurance. Previously, he wanted to invest in Boao and Yangpu Port, at least he needed to go out for tens of billions of yuan. Now he volunteered to propose a cross-Sea Bridge plan with an investment of up to 100 billion yuan. He, the initiator, would definitely not just shout. Even if he only agreed to bear a small part, for Ulan and others, it proved that Yang Xing really tied his future and reputation with this international tourism island plan, so that everyone's cooperation can be intimate.

However, Yang Xing believed that his money was not enough to provide him with such squandering funds. He adopted a plan to provide Hainan Province with a similar plan to build a mountain city rail. He believed that Hainan officials should take several measures to walk. This project is beneficial to the country and the people, and can obtain central financial support. He can also discuss with Guangdong Province, the Ministry of Railways, and the Ministry of Communications, issue bonds, and even actively apply for foreign aid, such as using foreign aid loans from the Asian Development Bank, the World Bank and the National Development Bank, etc., to make efforts to solve the funding problem.

Although the above method is good, it is not enough to impress Ulan and the others. However, when Yang Xing opened his trump card and proposed that it can be said that Hong Kong's three major sovereign funds invested in this project, they finally agreed to cooperate. The investment methods of sovereign funds are often different from ordinary profit-seeking funds. They do not care about investment losses overnight, but focus on long-term returns, and there are many political considerations during this period. Therefore, internationally famous national sovereign funds tend to invest in bonds, blue-chip stocks and infrastructure projects in developed countries.

After the establishment of the three major sovereign investment funds in Hong Kong, they have been looking for investment projects with long-term returns, profits may not be high but risks are small. The Hainan Cross-Sea Bridge is undoubtedly a good goal. After all, although the construction and investment recovery period of the Hainan Cross-Sea Bridge project will last for more than ten years, with the financial guarantees of the country and Hainan, Guangdong and other provinces, the recovery of this investment should be without problems. Moreover, as the lifeline to communicate the isolated islands and inland of Hainan, the profits of the Cross-Sea Bridge are also guaranteed.

At this time, Yang Xing proposed to allow Hong Kong's three sovereign funds to invest in Hainan, which was not a sudden idea. These three funds did not exist in their previous lives, and it was entirely because Yang Xing's butterfly flashed its wings. However, as a handy financial tool, Hong Kong's political fu liked it very much. In the battle to defend the Hong Kong dollar, it greatly defeated the prestige of overseas hedge funds, beat Soros Robertson and others to the ground, stabilized the Hong Kong dollar exchange rate in time, and made the Hong Kong dollar one of the few currencies that maintained a fixed exchange rate in the Asian financial storm.

But Hong Kong is a free port after all, and it has long been accepted by the Western neoliberal economy. It believes that the best way to develop the economy is to relax all restrictions. Although in the Asian financial storm, Hong Kong political fu took the initiative to face hedge funds and broke this perception, but now that the storm is over, many people are considering whether to dissolve the three major sovereign funds and return to their previous practices? This has triggered a big debate, and the SAR political fu led by Bao Haisheng has also been involved in the whirlpool of this big discussion and is under a lot of pressure.

Before Yang Xing came to Beijing, he talked about this with Bao Haisheng and the others. Bao Haisheng and the others were unwilling to give up the three major sovereign funds in their hearts. After all, after seeing the power of the Asian financial crisis, Asian countries have taken their foreign exchange reserves and exchange rates very seriously. They have not had a Shangfang sword in their hands and are unstable. What's more, with the repeated financial shocks around the world, the US stock market is now falling sharply and the economic situation is turbulent. If there is no money to stay with you, people will have no confidence, right?

However, as a rebirth, Yang Xing saw a little further than them. As the four Asian dragons, Hong Kong has actually become one of the developed countries after decades of economic development. The latecomer economic advantages that could allow rapid economic development in the past have disappeared. It is facing a problem that every developed country will encounter - economic transformation. The other three dragons have also encountered this problem, but unlike the other three dragons, Hong Kong's unique political status and vast mainland market behind it have prevented its transformation from the usual path.

With the acceleration of reform and opening up in the mainland, major coastal cities have opened up one after another, and Hong Kong's traditional re-export trade has shrunk significantly. In the past, traditional industries such as toys, electronics, and jing molds have been transferred to the mainland due to the high cost of manpower and land prices. Hong Kong's own manufacturing, logistics, and port businesses are all facing the pressure of transforming to high-value services.

Yang Xing knew that in his previous life, Hong Kong politics was constantly controversial in economic transformation and was inconsistent. In addition, it was too closely connected with the international economy and was often forced to adjust as the international economic situation moved. The inside was often swayed by the criticism of the political forces secretly supported by the West, which led to the Hong Kong economy falling into a long-term low-speed growth stage. Not only did it fail to give Hong Kong people the feeling of economic takeoff after the return, but it also made Hong Kong and the mainland feel unbalanced due to the rapid economic closer, and some Hong Kong people were staged, which staged a local populist farce, which instead affected the relationship between Hong Kong and the mainland.

Now Hong Kong is his company's base, and he himself is a new rich man from China. Of course, this kind of thing will not be allowed to happen again. He tried to attack international speculators in order to establish prestige for the new policy and promote Hong Kong's economic transformation. Now, by rebuilding the Kwun Tong Industrial Zone and establishing three major sovereign funds, Hong Kong has made great efforts to establish high-tech manufacturing, environmental protection and innovation enterprises, vigorously promote the domestic and Hong Kong free trade agreement, and promote financial services to become the overseas center of the RMB. These are generally undisputed as the future economic development and core of Hong Kong.

However, Hong Kong's economy has developed over the years, and has long passed the era of rapid progress. After the domestic continuous reform, the GDP growth rate exceeded 10 for twenty years, which is known as a miracle internationally. Japan, which only eighty years ago, achieved the same results after the war. Japan thus leaped from a defeated country to the world's second largest economic power, but it is generally believed that this cannot be replicated.

Hong Kong is a small place, and its current annual GDP growth rate is only 4 to 5. When encountering the Asian financial crisis, it almost turns into a negative number. Even if you want to transform economically, it is probably impossible to achieve no big benefits. However, as an experienced person, Yang Xing came up with an idea.

World economic theory is ever-changing, but the basic economic growth elements are just a few. Hong Kong's traditional consumption-stimulating economy cannot be done, so let's change the old method and adopt the most criticized traditional Chinese economic growth model - increase investment

Many foreign economists have commented on the core measures of China's economic take-off over the years that have only one sentence - to drive economic growth through investment, and then they are criticizing this unscientific and unsustainable economic growth model, which will only cause economic imbalance and will sooner or later cause major events.

But from Yang Xing's perspective, no matter what old methods and new ideas are, it is a good cat to catch rats. Before his rebirth, he continued to increase investment for 30 years of reform, which even led to a significant compression of domestic consumption ratio. China's economy created a miracle unprecedented. Similarly, South Korea, Taiwan, and Japan and Germany, which rose rapidly after World War II, all adopted this method when their economic rise, tightened their belts and invested heavily in infrastructure to drive rapid economic growth. Therefore, he believed that sometimes the simplest and most crude method was the most effective. Those so-called economists would rather let them eat feces.

So the yà side he offered for Hong Kong was to increase investment in infrastructure if he wanted to grow rapidly in the economy. Rebuilding Kwun Tong and building high-tech parks was just the first step. The large amount of funds held by Hong Kong's three major sovereign funds are the best investment tools.

Although Hong Kong claims to be full of gold, most of it is property of si people. Hong Kong's government has long served as a service corner to manage the market well. If you want to give the mainland government the order, you can't even think about the scene of large investments gathering. Now you have finally held such a pointing point in your hand and invest in the planned direction at any time. How can you easily disband and go out?

However, in recent years, the infrastructure construction on Hong Kong island has been relatively complete, and Yang Xing and Bao Haisheng are plotting to promote communication between Hong Kong, Zhuhai and Australia, and the Hong Kong-Jiangzhou-Macao Cross-Sea Bridge, which connects Hong Kong and the Mainland, have been very controversial and have been debated in parliament repeatedly. Yang Xing had an idea. Anyway, investment drives the economy, and domestic and foreign investment is the same. In recent years, the first batch of people who are seeking investment in domestic investment are Hong Kong and Taiwan. Since this is the case, it is better to bring Hong Kong's sovereign investment funds to Hainan to invest. This Hainan Cross-Sea Bridge can be the first shot for Hong Kong's large-scale investment in Hainan infrastructure investment in large-scale Hainan.

At the same time, there is another advantage in introducing Hong Kong's three major sovereign investment funds, that is, they play a leading role. Even if the Hainan International Tourism Island Plan is approved by the central government, capital investment is still a big problem. As an international financial center, Hong Kong can play a great role in this regard. In addition, Yang Xing takes the lead in investing in Hainan with Zhongxing International, which will of course send a strong investment signal to other Hong Kong rich people, and Hainan has great potential.

After hearing Yang Xing's idea, Ulanqi could only be convinced. He talked to Yang Xing about a past event. When Hainan was established as a province, Hainan Zhengfu once looked for Hong Kong red capitalist Ho Ying-tung and wanted to contract all the land in Sanya to him, because he was shirking it out of the case because he didn't have the opportunity and the local tourism environment was poor. Now Yang Xing, a new generation of capitalist, wants to bring Hong Kong wealthy businessmen back to Hainan again. It's really thirty years since Hedong and thirty years after Hexi. He promised to erect a monument for Yang Xing on the bridge when the Hainan cross-sea bridge is completed.

Subscription and collection have always been unsatisfactory. Although the grades are bleak, I think I will stick to it. There have been no readers in the book review area about how to improve it. In fact, I am still doing good deeds and hope to post a few more for my reference.
Chapter completed!