Chapter 569: New Land King in Central

"Haha, that's normal. Big capitals don't always fight to the death. On the contrary, the remaining capitals will compete more fiercely." Yang Wendong said with a smile;
The logic is simple. If Qi Dezun had fought so hard before, Yang Wendong and Yihe would definitely not give in. In the end, it would only lead to a higher price. Qi Dezun would most likely lose and offend others.
This is also the logic behind the increasing strength of many large capital groups, while others do not even have the courage to compete;
Of course, this is also because there are four docks this time, and everyone has a tacit understanding. If there is only one, Yang Wendong and Jardine Matheson will definitely push the price to an extremely high level.

Su Yiyi nodded and said, "Well, the matter at the dock is over. What should we do next?"

Yang Wendong said: "We can just build a wharf later. After the wharf is built, it is estimated that there will be no new wharfs within ten years, so we can just compete normally."

Business competition is actually very normal, and Yang Wendong has a normal attitude towards this. He doesn't think that competition will affect normal relationships. If that were the case, he would be too petty.
Even from the perspective of the general public, such monopoly enterprises will be better for society only if they have competition; however, the docks are not infrastructure directly facing the people, but are aimed at factories. Although the monopoly in this area is not very good for society, it is much better than water, electricity and gas.

Of course, it cannot be too extreme. If it is too extreme, people can just run away and open factories in other places. After entering the 70s, the skyrocketing housing prices in Hong Kong led to an increase in average wages, which also caused a few factories to begin to move to Taiwan or Southeast Asia. After the mainland’s reform and opening up, it was the final blow.

Su Yiyi said, "In terms of container terminal construction in Hong Kong, only Kinmen Construction has experience in this area, right? Doesn't that mean the other companies will have to rely on you?"

"About the same. Jinmen Construction will participate in the business of Bao Yugang and Qi Dezun, but it will not completely monopolize it." Yang Wendong said with a smile: "As for Jardine Matheson, I think they will look for other overseas companies. As long as they are willing to spend money, there are some well-qualified companies overseas."

The Hong Kong market is full of competition and cooperation, even within British capital. The top conglomerates are more strictly protected from each other. For example, the four major families in history have rarely cooperated with each other after the 90s, but they will also try to avoid direct competition.

Su Yiyi said, "That's good. Build the container terminal as soon as possible. Then the industry of the whole Hong Kong will be more convenient and many people will be able to find jobs. Recently, the population of Hong Kong has been increasing, especially those coming from outside."

"Well, I also hope to build it as soon as possible, but a project like this will take at least two years." Yang Wendong nodded and said, "In the short term, it won't be of much help."

The 70s was a time of massive population growth in Hong Kong. Because Hong Kong was developing so rapidly and the economic gap with surrounding areas was so large, this naturally led to many people illegally traveling to and staying in Hong Kong, and even many people from Southeast Asia came.

The Hong Kong government turned a blind eye to these people, because too much manpower was of great help to Hong Kong's industry and real estate industry. It was not until the early 80s that restrictions were imposed because the population was too large.

Yang Wendong also welcomes these people, because strictly speaking, these people are different from the blacks or Mexicans in Europe and America. Many of them are educated and can read, and some even have high education. Such a large number of elites entering Hong Kong will stimulate industry and they may even start their own businesses, which will have a strong impact on the economy.
But no matter what, it was still very hard at the beginning, and I urgently needed a short-term, stable job to make the transition.

Su Yiyi smiled and said, "Just try your best."

"Let's go and discuss it with Bao Yugang and Qi Dezun." Yang Wendong didn't care about other trivial matters.

After leaving their own men to handle the business with the Hong Kong government, Yang Wendong, Pao Yue-kong, Qi Dezun and others came to the presidential suite of the rooftop hotel, where a sumptuous lunch had already been prepared.

"You two, let's celebrate our cooperation in controlling the port of Hong Kong." Yang Wendong raised his glass to celebrate.

Bao Yugang and Qi Dezun were also very happy and raised their glasses one after another. Bao Yugang said, "This is all thanks to Mr. Yang's help, otherwise I would not have made this decision."

Everyone is cautious about entering a field that they are not good at, especially when it will affect an industry that is already very profitable and that they are very familiar with.

Yang Wendong smiled and said, "You're welcome. I'm also a shareholder. Let's work together to do a good job in this business. Together, we will develop Hong Kong's port market and make Hong Kong the largest transshipment port in Asia."

Many times, monopoly is not dominated by one person alone, but also by a group;
For example, if there are three big families in the three fields of ABC, one family controlling one field is also a monopoly, and the three families each controlling a part of the three fields of ABC are also a monopoly when combined;
The advantage of this is that it is not so obvious. In today's era, too obvious monopoly is likely to cause government investigations, public opinion and other problems, so it is also beneficial to be appropriately indirect;
Of course, this is also because in traditional fields, even time travelers cannot achieve absolute control. If it is a high-tech field, then you can enjoy it alone, unless other people are introduced due to issues such as resources, connections, or political background.

Bao Yugang added: "Mr. Yang, we will soon get the wharf, and construction will start soon. I don't have any experience here, so I want to hand it over to Jinmen Construction. You have to give me a suitable price."

"No problem, you can consult overseas agencies. I'm sure it'll be cheaper than theirs." Yang Wendong promised.

It is very expensive to find an overseas organization for any business. This is the case with the Hung Hom Cross-Harbour Tunnel. The American company hired by Changxing Infrastructure charged an outrageous fee. However, there is no other way. If you don’t have the technology, you will be ripped off. Fortunately, the cost of the tunnel can be shared in the future. The Hong Kong government and Changxing Group also have an agreement, so it is not too painful.
As long as a local business company in Hong Kong offers a lower price than similar overseas companies, the profit margin will not be low, which can be regarded as a monopoly in the region.

Bao Yugang nodded and said, "Okay, Mr. Yang is still straightforward." Qi Dezun said, "Mr. Yang, I can also give you my port business, but only a part of it. As you know, Huang and I also have our own construction company. We have so many people to support and we have to give them jobs, otherwise we will lose money."

"Okay, I understand. I am also a shareholder of Hutchison Whampoa." Yang Wendong did not care much.

The alliances formed are generally mutually beneficial at appropriate times. When one party is in need, it will definitely give priority to supplying itself. A company like Hutchison has many internal employees, and it is impossible for outsiders to do what they can do themselves. The same logic applies within the Changxing Group.

Anyway, under the management of Qi Dezun, the share price of Hutchison Whampoa is getting higher and higher. In addition to this port incident, the debt is also increasing. The possibility of a debt crisis in the future is also increasing. At that time, he can take over Hutchison Whampoa, and these people now will also be his.

Qi Dezun smiled and said, "That's good. Let's work together and control Hong Kong's port business, regardless of whether it is British or Chinese. It would be best if we have the ability to drive Jardine Matheson out in the future."

"Okay, that's what I wanted to say." Yang Wendong raised his glass to celebrate.

There is no absolute unity between any British and Chinese capital. There are so many traditional British companies, and many of them are in conflict with each other. In particular, the old British companies control too many resources, making it unprofitable for latecomers.

Qi Dezun is a very capable person, and Hutchison has grown bigger and bigger under his leadership. However, a city like Hong Kong has reached its ceiling after a certain level of development. If it wants to grow further, it must either go out or steal food from others. There is no other way.

In the cooperation with Qi Dezun, everyone's interests were largely the same, that is, to grab market share from traditional British capital. Hutchison had acquired so many British capitals in the past, and the essence of this was the same.
Of course, this is just exploitation and it is impossible to absolutely believe it. Even if it is Chinese capital, it is the same. The cooperation in the world is for profit, nothing more.

On the second day of the auction of the four major piers, all newspapers in Hong Kong reported the event as front page news. The total value of the auction was close to 8 million, which made more people optimistic about the future of Hong Kong.

At the same time, the Hong Kong government, which received a huge amount of funds, also began to announce further social infrastructure investment, including large-scale renovation of roads, construction of roads connecting various towns, replacement of power grids and water pipes throughout Hong Kong, improvement of social welfare, etc.
Of course, the contractors of these large projects are basically British-funded, which is also the routine of the Hong Kong government. Hong Kong’s tax revenue will not be given directly to the UK, but through indirect methods, the effect is the same, and it also avoids a lot of disputes.

The stock market and real estate, greatly affected by the port transactions, immediately saw a sharp increase. The Hang Seng Index rose by nearly 30 points in one day. Almost all companies saw a sharp rise, even service industry companies that had nothing to do with the port.

The Far East Exchange also gained a huge increase out of thin air, and many Chinese listed companies took the opportunity to raise funds and obtained a lot of funds.

For Changxing Group, which controls some of the company's stocks, it is also a positive benefit, especially for Hutchison Whampoa's stocks, which have risen significantly.

Soon it was April 4st, and the impact of port transactions gradually returned to normal. At the instruction of the headquarters, the people from Kinmen Construction directly sent people to Global International and Hutchison Group to discuss cooperation.

At the same time, a large number of construction engineers were also sent to the seaside of Kwai Chung Port to do basic surveying and preparation work;
Next up is a massive project that will take several years.

Changxing Building Headquarters:

"Knock, knock, knock~" There was a knock on the door. Yang Wendong looked up and saw that it was Zheng Zhijie, so he smiled and said, "Come in, how's the port going?"

"Everything is going according to plan. We have just started and there has been no significant progress." Zheng Zhijie said with a smile: "Mr. Yang, I am here for another important matter."

"What's the matter?" Yang Wendong asked curiously.

Zheng Zhijie said seriously: "The Hong Kong government is reclaiming land in Central Hong Kong to create a 5.3-square-foot plot of land. This piece of land will be auctioned in June."

"The king of land in Central?" When Yang Wendong heard this, he immediately knew that this king of land would be the future Kang Le Building.

PS: Ask for monthly ticket

(End of this chapter)

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