Huo Yingdong, Dong Haoyun, and Zhang Yuliang walked over together and said to Bao Junyi, "Ayi, you are being reckless this time. No matter how much your Miracle Cars are used, there is no need to invest in building a steel plant!"
"Furthermore, steel mills require large investments and are slow to recoup costs. There aren't many major projects around Hong Kong right now, so the amount of steel used is small. It would be better to invest the money in real estate or other projects that generate quick returns."
Bao Junyi was very moved after hearing what Mr. Dong said. "Thank you, Uncle Dong. I invested in the steel plant. Miracle Car is just one aspect. I also have other plans, and the steel plant is a very important part."
"What's more, Hong Kong's population is constantly increasing, at a rate of 15% per year. With this increase in population, the real estate market will undoubtedly experience a surge, and demand for steel will increase significantly. Furthermore, inland areas like Shenzhen are close to Hong Kong, have large populations, and offer abundant and affordable labor. Investment and factory construction in the mainland will also increase significantly, driving up demand for steel."
"So, Uncle Dong doesn't have to worry about losing money, and you will still make a lot of money."
Dong Haoyun said with a smile: "Ayi, if you have any good ways to make money, take your uncles with you. We just need to drink soup."
After listening to Dong Haoyun's words, he also considered the future layout and whether to bring in a group of wealthy people in Hong Kong. After all, the impact of mineral investment is too great. If more people are brought in to form a pack of wolves effect to share the pressure for themselves, it would also be a good idea.
Bao Junyi thought for a while before saying, "Yes, there is, but it's a long-term investment, so the payback period is a bit longer. Fortunately, it's stable."
Li Jiacheng was also interested after hearing this and asked, "What kind of industry is it? Don't forget to take me with you, Xiao Baosheng."
Back when Li Jiacheng wasn't yet one of Hong Kong's four great families, still developing Cheung Kong Holdings and before acquiring Hutchison Whampoa, he was envious of Bao Junyi's current pace of profitability. "This week's book review, I beg readers to urge updates and keep reading. Thank you so much!"
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