"Since the Great Elder has said so, let me speak first."
Dong Haoyun said, "I'm in the shipping business and am considering investing in and building ports in cities like Shanghai and Guangzhou. Are there any foreign investment opportunities in this area?"
"Yes, they are currently planning to expand the existing port or build a new one," said Wang, a leader of the Merchants Group. "But due to a large funding gap, it's currently on hold."
China's economy is developing rapidly and its people are thriving. Many local reforms require construction funds and foreign exchange is needed for purchases. China's foreign exchange income is currently around US$5 billion per year, which is unable to meet the needs of various regions. Many projects are progressing slowly or are on hold.
Therefore, in the 1970s, the country had a huge foreign exchange gap that could not be met at all. Therefore, the country considered introducing wealthy businessmen from Hong Kong, also Chinese compatriots, to invest.
Bao Yugang said, "Leader Wang, how much money is needed? If the amount is large, we Hong Kong businessmen will find a way to raise the money for construction."
"The construction of the large port in Shanghai is still short of US$1 billion, or several billion RMB."
"However, this project does not require you to contribute all the funds. Half will be enough, and we will provide the other half. Therefore, the controlling stake will be with Huaxia."
Upon hearing this amount, the wealthy Hong Kong people present were also surprised.
What is even more shocking is the second half of the sentence, which is that the controlling rights are not with the Hong Kong tycoons.
Bao Yuguang, Dong Haoyun, Huo Lao and others were all thinking about it. After all, the amount was not small, and if the construction was successful, it would definitely make money. However, it would be a bit troublesome without controlling rights.
Everyone is worried about whether the operation and management will be able to handle the later stages after the investment is completed. "Please urge me to update! Your reading is my biggest motivation to update!"
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