I want to be a giant of Hong Kong Island

Chapter 220 [Current Status of Its Industries] (Ask for a monthly ticket!)

Back on Hong Kong Island, I had a one-night reunion with my family; the next day, Wu Guangyao first came to Uniqlo.

At present, Uniqlo's assets mainly include Shau Qiwan Factory, Sing Tao Factory, [-] stores on Hong Kong Island, and two luxury sub-brands - Armani and Valentino.

As soon as Wu Guangyao entered the office, Fu Hongru came to the office to report.

"Boss, the export quota has been settled. We Uniqlo and the Development Bureau of the Hong Kong Government have reached an agreement to sell us the export quota first." Fu Hongru began to talk as soon as Wu Guangyao sat down.

The quota that Fu Hongru said happened only this year!

Uniqlo's two production factories are heavily dependent on the European and American markets, and 70% of their products are exported to Europe and the United States (OEM).

In April this year, the United Kingdom and Japan successively implemented textile import quotas in order to protect the local textile industry.

Originally, although Britain and Japan restricted the textile import quota, it was still enough to support the textile manufacturing industry in the small Hong Kong Island.

However, although the British Hong Kong government does not collect taxes, it sells everything, including quotas, that is, export rights.

It immediately increased the burden on Hong Kong Island's textile and garment industries, and what was even more terrifying was behind;

In later generations, Hong Kong Island's garment industry has been the largest manufacturing industry on Hong Kong Island for a long time; but in the 21st century, there is no decent leading brand.The main income of the four so-called leading enterprises comes from selling export rights.

The rest of the garment factories, large and small, are working hard to buy quotas, and they have not made as much money as Guo Desheng acting as an agent for YKK zippers.

These four leading garment manufacturers stand out among the many garment factories by speculating on export quotas. Their bosses are Luo Dingbang, Lin Baixin, Tian Yuanhao, and Fang Zhaozhou.

Wu Guangyao is not a saint, and he can't control what others do, but regarding export quotas, Uniqlo must firmly hold its share of the quotas in its hands.

As the first garment factory to deeply cultivate the European and American markets, Uniqlo has too many advantages and has obtained the first-hand quota.

As long as Wu Guangyao is happy, there will be nothing to do with those four people from now on!
But Wu Guangyao doesn't like to change too much history, and he doesn't like to mess with other people's minds!

"Well, we must keep an eye on our quota in the future. We can't let people snatch it up and then drive up the price. The Hong Kong government will really make a fortune. The United Kingdom and Japan restrict textile imports. Originally, Hong Kong Island was fine, after all. The market is so big, and the small Hong Kong Island can produce enough to sell. Fortunately, the Hong Kong government has started to make money. They let them make money, and give others the opportunity to speculate on the quota.” Wu Guangyao complained.

The tax rate on Hong Kong Island is indeed low, and the government has little interest in collecting taxes with relatively high costs.

The tax system of Hong Kong Island is simple, the tax rate is extremely low, and the control is loose. In the 50 years before the reunification, the corporate profit tax was around 16%;

During the same period, both Japan and South Korea were higher than 50%; Singapore and Taiwan were around 40%.

This makes Hong Kong Island a tax haven and money laundering haven in Asia.

Taxes account for only 60% of the Hong Kong British government's fiscal revenue, and the other 40% comes from land lease and sale, quota sales, and control of public utilities.

Therefore, it is not that the Hong Kong Island government is kind, but that the Hong Kong Island government has its own calculations!

"Then should we buy more for emergencies, and sell the excess to others!" Fu Hongru suggested.

"It can't be too much. I'm the chairman of the Garment Chamber of Commerce. Don't take the lead in destroying this atmosphere. If you sell it to others at a low price, they will think that I have made money."

Then I talked about the two luxury custom brands under Uniqlo, both of which are developing well.

Wu Guangyao does not have high requirements for the garment industry. He seeks stability in the 60s and 80s, development in the 90s and [-]s, and growth after the [-]s.

The old man Lin Youde's textile factory is even simpler. Anyway, relying on PG zippers and orders from Uniqlo, he can make a lot of money without thinking about other things.

Laofengxiang Jewelry Headquarters, President Office.

Wu Guangyao walked around the office casually, observing his new office, and seemed in a good mood.

This is the third time that Laofengxiang Jewelry has moved into a new office building, each time getting bigger;

As for the next time, it will definitely be to move into the building built by his own Cheung Kong Industry.

A male employee stood aside, waiting for instructions from Wu Guangyao. He was an office worker for Lao Fengxiang Jewelry and occasionally acted as Wu Guangyao's secretary.

Wu Guangyao does not have a full-time secretary in any company, and only office staff fill this role.

The layout of the entire office is simple, without too many decorations, and a few potted plants make people look refreshed.

On the desk is a telephone and a few books, which are in line with Wu Guangyao's temper.

"I am very satisfied with the layout of the office. You only need to clean it every day, and you don't need to buy anything!" Wu Guangyao ordered after visiting his new office.

"Yes, Mr. Wu!"

After the staff quit, Rong Bensheng came to the office to report to Wu Guangyao as soon as he sat down.

Wu Guangyao leaned back on the chair, feeling a little relaxed, and said to Rong Bensheng, "Sit down, I heard that you just came back from Japan, tell me about the situation!"

Rong Bensheng slowly sat on the sofa, only half of his buttocks, straightened his waist, and began to report in a serious manner.

"After five months of vigorous publicity in Dongying's diamond market, the effect has already emerged. Many wealthy young couples have slowly begun to accept the idea of ​​diamond wedding rings, and the market has gradually improved. At the same time, we also Encountered some resistance, with our bombardment of a large number of advertisements, many media in Dongying also began to refute us, saying that luxury goods such as diamonds are not suitable for Dongying now, and Dongying is now in need of economic development, so we should not be arrogant It was too extravagant, and there were even public protests.”

Wu Guangyao leaned forward and said seriously, "Then, is there any action by the Dongying officials?"

"Not yet, but I'm afraid that if we continue to invest a lot of advertising, it may arouse the resentment of the Japanese officials." Rong Bensheng said a little worried.

Wu Guangyao also has a bit of a headache. Dongying is now fighting hard for the economy. Even American products dare to boycott and protest, let alone a diamond jewelry exported from Hong Kong Island.

Fortunately, Laofengxiang jewelry is in the form of diamond jewelry, and cooperates with local jewelers in Dongying, otherwise it may be immediately driven away by this country with serious national pride.

"The advertisements on the radio station will be removed first. As for the advertisements in the newspapers, we need more targeted publicity."

"We need to plan a more touching story: find a more famous woman in Dongying, but her marriage is unfortunate and she was abandoned by many men. (If not, choose to make up.)
When we took out the diamond ring, the woman exclaimed: what is this made of and how is it so beautiful?

We replied: This is a diamond. Diamonds have a hard and unchanging quality. It is your next generation, and after the next generation, it will still maintain its beauty and brilliance today!

The woman suddenly said sadly: If a person can have a love like a diamond, how wonderful it would be! "

"The soul of diamonds is here - a story of eternal love!"

"We are about to find a story motif suitable for the characteristics of the product in this woman-eternal love:

What are diamonds?
Diamond is hard: Among the substances found on the earth, it is the hardest one, and nothing can break it;

Diamonds are stable: they are immune to any acid or other drugs and will not deteriorate over time.

What is ideal love?
Love should be hard, nothing can break it;

Love should be stable and not deteriorate over time.

Diamond = Hardness + Stability = Eternity Love = Hardness + Stability = Eternity So: Diamond = Love = Eternity"

Rong Bensheng listened to Wu Guangyao's story plan with a very focused expression, for fear of missing something.

"Mr. Wu, you are simply a giant in the advertising industry. These publicity methods will definitely bring our diamond business to a higher level!" Rong Bensheng said in admiration.

Wu Guangyao said: "If we want to continue to promote the advertisement, then we have to recruit someone to stand for us and increase the influence of diamonds in Japan!"

Rong Bensheng knew everything, and immediately said, "You mean Ernest, the president of De Beers?"

Wu Guangyao nodded, and then said: "Ernest attaches great importance to the cooperation with our Laofengxiang jewelry. Our patent advertisements are provided to De Beers for free, so it is time for them to contribute. You send the invitation letter now Let Ernest go to Hong Kong Island, and then go to Dongying to promote it together."

After Rong Bensheng left happily, Yuan Jian, who was in charge of finance, and Gundam, who was in charge of the workshop, came to report their work one by one.

Lao Fengxiang's current financial situation is that he owes a huge sum of US$50 to HSBC and has to spend a lot of advertising expenses. It seems that he will have to get rid of this situation in the second half of 1953.

Fortunately, the gold and silver jewelry business is doing very well, with an annual profit of about 180 million Hong Kong dollars, and diamonds have also begun to make a lot of money.

Universal Tower, Queen's Road, Central.

Wu Guangyao took the financial statement in his hand and carefully checked the accounts of Global Shipping.

In November last year, the construction of 11 15-ton oil tankers began, and eight months have passed so far;

Global Shipping earned a full 8 million US dollars in these 1700 months, which can be described as a very impressive performance.

At the same time, the second-hand goods/oil tankers have increased from 42 tons to 55 tons, and with the 45 tons of new ships being built, the load capacity of global shipping has finally reached 100 million tons.

At this time, Onassis, the Greek shipping tycoon, only had about 120 million to 150 million tons of tons. Of course, Onassis' fleet was much newer than Wu Guangyao's fleet as a whole.

The total value of 15 new ships shipped around the world is 8000 million U.S. dollars, and the interest needs to be about 9500 million U.S. dollars. At present, 1500 million U.S. dollars have been repaid, and 8000 million U.S. dollars still need to be repaid.

When the Korean War ends in July next year, global shipping should still earn about 7 million US dollars. If you rush to repay the loan, you should be able to pay it off by the end of 2600;
However, Wu Guangyao will not stop his footsteps. His goal is 3000 million tons of deadweight, so he will not rush to repay the loan, and he needs to keep buying ships.

Keep going, keep fighting!
After reading the materials, Wu Guangyao said to He Yuanzhang on the sofa, "You must hurry up at the Maritime Academy. We must stick to the route of elite soldiers. Ships are a tool. To truly satisfy customers, there must be a group of qualified personnel. Technology, quality seafarers."

"Boss, please rest assured that the people from Global Maritime Academy are no worse than those from Europe and the United States!" He Yuanzhang said confidently.

Wu Guangyao nodded. From the beginning, Global Maritime Academy has strictly followed the route of elite soldiers, so Dongying's customer satisfaction has always been very high.

PG Zipper headquarters is located in Tsuen Wan Zipper Industrial Park.

Since the acquisition of YKK zipper, Wu Guangyao's zipper business has been booming, and PG zipper has made a profit of 600 million US dollars in the original year, reaching 1500 million US dollars.

After the operation of the Tsuen Wan factory and the acquisition of YKK zippers were completed at the same time, not only the profit margin was much higher, but the market also increased a lot.

PG zipper has truly achieved a global layout, and even many remote and poor places have the shadow of PG zipper.

After reading the information in his hand, Wu Guangyao asked, "How did the zipper manufacturers in the United States respond?"

"I haven't received any feedback yet, but I told the people over there to keep an eye on it. If there is any trouble, we can respond immediately." Li Bing said.

"This approach is right, we have a lot of cards in our hands, but we must not be careless!"

Wu Guangyao has always worried that the United States will impose trade protection on the zipper industry, especially the sanctions on PG zipper, a monopoly industry.

If he hadn't purchased YKK zipper, Wu Guangyao might just have to watch helplessly being sanctioned;
But it is different now. If the United States sanctions Xingdao YGG zippers, then there will be Dongying YKK zippers to fill the vacancy.

The shares of YKK zippers are owned by Japanese people, but the Japanese people account for 42%, and the Kurobe factory will be put into operation soon. By then, the Japanese workers will be 5000, and the Japanese government must protect them;

The United States now relies heavily on Japan, and the possibility of sanctions against Japan's zipper industry is very small, after all, zipper is only a small industry.

Then Wu Guangyao asked about the progress of nylon zipper production. As early as the second half of 1951, PG zipper announced the successful development of nylon zipper in Europe, becoming the first company in the world to develop non-metal zipper, which shocked the industry.

In the later stage, because the process has been improved to achieve the maturity of the process, it has not been introduced to the market.

This year, PG zipper finally decided to start production in August and launch it on the market.

The main customers of nylon zippers are luggage manufacturers. At present, PG Zipper is still researching invisible zippers made of nylon materials. This step is the real development of nylon zippers.

The last stop - Cheung Kong Industries.

The Lanwan villa was delivered in March. Changjiang Industrial did not choose to develop its own reserve land, but chose to cooperate with a British foreign company to set up a real estate development project.

This project is located in Yau Ma Tei, covers an area of ​​15 square feet, and will build 100 five-storey tenement buildings with a total of 5 units;
The area of ​​each floor of these tenement buildings is about 600 square feet to 800 square feet, and the price is between 1.2 Hong Kong dollars and 1.6 Hong Kong dollars.

At this time, the wages of ordinary male workers on Hong Kong Island were about 45 Hong Kong dollars, and it took more than 30 years without eating or drinking to buy a flat (plus interest), which was comparable to that in the mainland of later generations.

Therefore, the buyers of these houses may be those who do small businesses or those with middle and high incomes;

Ordinary workers are obviously in the foreseeable future to buy a house!
British-funded foreign firms accounted for 40% of the shares from the land, and Cheung Kong Industrial paid all the construction costs and other expenses, accounting for 60% of the shares.

British foreign firms naturally dare not develop it themselves, after all, Hong Kong Island is still in a state of trade blockade by the United States.

But Wu Guangyao was not afraid. Even if the house could not be sold now, it would definitely be sold by the end of 1953.

Moreover, Cheung Kong must develop new projects, otherwise the workers in Hong Kong Island will have to stop working or even leave. This is the biggest problem.

Therefore, if there is no cooperation with the British-funded foreign firm to develop the project, Cheung Kong will have to develop its own land to support these workers.

"The down payment is only 15%, have you negotiated with HSBC?" In order to relieve the pressure on buyers, Wu Guangyao plans to make down the down payment.

"Well, HSBC has already agreed, I think it's because of your face!" Shi Jun said.

Wu Guangyao nodded. Now that he and HSBC have become a real cooperative relationship, they have tasted the sweetness, and Wu Guangyao also needs their financial support.

On August 8, Lin Yueru made another new contribution and gave birth to a son for Wu Guangyao, named Wu Xianyi.

Looking at the weak Lin Yueru, Wu Guangyao said 'thank you'.

He also said that if Lin Yueru was temporarily sealed off, she would not have another child within 5 years. After all, it would hurt her body too much.

Lin Yueru was so moved that she wanted to cry when she heard the words, Wu Guangyao quickly comforted her.

It is enough for the main wife to have two sons, as long as Wu Guangyao cultivates them carefully, it is far better than several sons!
Of course, the main wife's son was really unable to support the stage, and Wu Guangyao could only support the sons born to other women.

But this kind of thing should not happen, after all, children are educated, and no one is born!
(End of this chapter)