Dong Haoyun said seriously: "We can find a way to solve the problem of money, but we don't have controlling rights, and we are worried about the future..."
"If you send someone to a financial or management position, we can negotiate. But the company doesn't have a controlling stake, and we can't control its development direction. For us, this is a fatal problem."
The Great Elder also frowned and said thoughtfully, "We will hold a meeting to discuss Comrade Dong's question and give an answer as soon as possible."
"Don't worry, if you encounter any problems with your investment, please feel free to raise them. I'm here to help you solve them."
With the great elder speaking up, real estate developers such as Li Jiacheng, Zheng Yutong, Li Zhaoji, and Guo Desheng proposed investing in and building real estate in Kyoto, Guangzhou, and Shanghai.
Secondly, there is the light industry invested in Shenzhen. Hong Kong's textile industry is well developed, but the labor cost is too high. Hong Kong's wealthy people are considering moving their factories north to the mainland. Moreover, the advantages of low labor costs and cheap land prices are extremely attractive to light industry.
More than 50 Hong Kong businessmen successively proposed their own investment directions and whether there were preferential policies on the mainland. The meeting lasted until dusk in the afternoon and lunch was eaten in the conference room.
As the meeting was coming to an end, Minister Wang asked if there were any further investment inquiries.
Bao Junyi looked around and asked no questions. He then stood up and said, "Dear leaders, my name is Bao Junyi, Chairman of Miracle Group."
When Bao Yuguang saw Bao Junyi stand up, he was stunned at first, but then he understood. Maybe this visit was also about investment.
"Young comrade, I've heard of you. Over the past year or so, you've run a business in Hong Kong, expanding it to developed countries. You've done quite well!"
"I don't know, are you investing in the automotive industry this time?" the elder asked curiously.
"Great Elder, these are just empty titles. I'm not going to invest in the automotive industry. I want to buy a piece of land and build a factory."
"A piece of land? Where do you want the land? How much area do you want? As long as it's within a reasonable range, I'll grant it to you immediately." The land manager replied.
"We need land east of Pengcheng, close to the river and the coast. It's not much, just 600 acres."
Several department heads were drinking tea and burst out laughing when they heard the numbers.
"How much? 600 acres of land? What kind of industry does Xiao Baosheng plan to engage in that requires such a large area?" The head of the Land Department asked in surprise.
"I plan to build a large steel plant that can produce 30 million tons of steel annually and also produce special steels. The total investment is between $4 billion and $5 billion, which will be used to purchase advanced steel plant equipment and build the factory."
"However, I prefer sole ownership and don't like to insert people in. Furthermore, I need your assistance in recruiting workers."
Bao Junyi continued, "Secondly, you don't need to build the infrastructure. We'll take care of it. At the same time, we'll grant you permission to build the port, which will make it easier to transport ore in during the later stages of construction."
The conference room was so quiet that you could hear a pin drop. It was deathly silent.
Everyone's face was filled with shock, and some of their mouths were opened into O shapes, filled with disbelief.
Marketing Department Leader Wang swallowed hard and said, "Xiao...Xiao Baosheng, how much...money are you investing?"
“4-5 billion US dollars!”
However, there was another gasp, and everyone was too shocked to react.
China's current annual foreign exchange income is only about 5 billion US dollars. Bao Junyi's investment in the steel plant this time reached 5 billion US dollars, which really shocked them.
All the leaders and responsible persons in China reacted immediately, and then stared at Bao Junyi with their eyes wide open, almost drooling, for fear that he would run away.
Bao Yugang also reacted and began to worry about Bao Junyi, cursing in his heart: "Stinky boy, I just told you not to talk nonsense this morning, what should I do now? I'm so angry."
Among the wealthy people in Hong Kong, Mr. Huo and Mr. Dong also began to worry about Bao Junyi. Five billion US dollars is not Hong Kong dollars.
5 billion in the 1970s and 1980s is equivalent to 100 billion in the 21st century. You can imagine that a country's foreign exchange is only more than 5 billion US dollars a year, but one project is equivalent to the total foreign exchange of a year.
The other wealthy people in Hong Kong also reacted and talked to each other in a low voice. Then, their eyes began to look strange, as if they were watching a good show. They all felt that Bao Junyi could not come up with so much money.
The total net worth of these Hong Kong tycoons is only a few hundred million Hong Kong dollars, and some are more than ten billion. Moreover, it is Hong Kong dollars. Asking them to believe that Bao Junyi has accumulated more than 5 billion US dollars in more than a year, isn't that a fantasy?
Therefore, Hong Kong businessmen do not believe that Bao Junyi can come up with it.
The Great Elder tried to smooth things over and said, "Young comrade, you must have said the wrong thing. It was Hong Kong dollars, right?"
“No, it’s US dollars.”
"Also, I've already sent Michael, who's in charge of the group's US market, to contact the US Steel Company. Once I've finalized the location for the factory, I'll fly to the US to discuss purchasing the steel plant's production equipment."
When the heads of various departments heard the positive response and that the plan was already being implemented, they were all excited.
However, the Great Elder pondered for a moment and said, "Regarding recruitment and land, that's easy to discuss. However, regarding sole ownership, we need to hold a meeting to discuss it."
"Currently, there are no private companies operating this, especially for such a large project. We need to hold a meeting to discuss this and give you a reply as soon as possible."
Next, I discussed investment projects with other Hong Kong businessmen and raised some questions.
Thirty minutes later, the meeting ended.
However, the Great Elder and heads of departments did not stay and all left, probably to resolve the issues raised in this meeting.
After the meeting, several wealthy people from Hong Kong gathered together to chat, and the topic of this investment was discussed.
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
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