Reborn 80s

Chapter 354

In midsummer and June, plants bloom and bear fruit, and everything is prosperous and beautiful.

Chen Huaiqing also arrived at Xiangjiang at this time of year. Xiangjiang is located within the Tropic of Cancer. In June, the weather was hot, and there was no room for people except for spending outdoors in the shade.

Chen Huaiqing sat in the Meta Investment Building, with the air conditioner blowing, but he didn't feel the heat of summer.

At this time, Chen Huaiqing was holding a report in his hand.

This report is a comprehensive review of Hong Kong's financial industry. It was written under the leadership of Davidson, so it is also called the Davidson Report.

The Davidson report is more than 400 pages long, but its essence lies in 162 pages of recommendations.

Chen Huaiqing: "Have you read this report?"

Tao Caiqing nodded lightly: "I've seen it."

"This report is quite bold. Private clubs controlled by a small number of people really hit the nail on the head. Let everyone read this report. In the future, the Hong Kong stock market will have to undergo major changes."

The stock exchange formed by the merger of the four clubs has a lot of internal problems, and everyone has to compromise on various interests.

Many of the suggestions in it are quite good. If implemented according to them, the Hong Kong securities market will enter into a normalized state.

It is very beneficial to rebuild market confidence, and the stock market will rise again.

Before Chen Huaiqing, he always knew that Xiangjiang's financial market was relatively mature.

But when we came to this era, we found that this was not the case.

Even he, who is not well-versed in finance, can find that the Hong Kong financial market at this time is full of loopholes.

Especially in the area of ​​supervision, it can be said that there is nothing in it.

It can be described as quite happy for big capital to take advantage of these loopholes and wantonly make profits in the market.

In this Davidson report, Chen Huaiqing saw an opportunity for Xiangjiang's financial industry to become more formal in the future.

In fact, this is indeed the case. Xiangjiang adopted most of the recommendations in the Davidson report.

"Make an appointment with this Davidson, I want to meet him."

Tao Caiqing: "Okay, so the appointment is the morning of the day after tomorrow?"

"Okay, the day after tomorrow afternoon. When Fang Hanxue comes over, take him directly to the office."

"Ok!"

Chen Huaiqing closed the report. He wanted to see Davidson mainly because of the Southwest Stock Exchange.

He needed someone to improve the system of the Southwest Stock Exchange, and Chen Huaiqing thought the report "Operation and Management of Hong Kong's Securities Industry" issued by this person was quite good.

In the report, it is proposed to establish a regulatory body independent of the existing departments.

Put Xiangjiang's financial industry outside of Xiangjiang's supervision, instead of being controlled by a few people as before, and you can do whatever you want.

This is very unfair to market participants.

Fairness in the market is very important. Everyone depends on their own abilities. Even if they lose, it will only be their own inability to blame.

Picking up the thermos, Chen Huaiqing stood in front of the window, and the number of high-rise buildings in Xiangjiang was still increasing.

Even though the stock market crashed last year, it did not affect the economic development of Xiangjiang.

In 1987, the GDP growth rate reached 23.24%, exceeding US$500 billion.

500 billion US dollars, this figure is somewhat exaggerated.

The GDP of Xiangjiang is 4 times that of Shanghai!
Of course, the rapid development of Xiangjiang's GDP has also increased labor costs.

The income of the service industry can be higher than that of working in the factory.

Xiangjiang garment industry is now facing the problem of manpower shortage.

The Elaine Group has made a start, opened the factory to Shenchuan, and built a large number of garment factories in Shenchuan.

In addition to building a garment foundry, Elaine Group is also developing towards the upstream textile industry.

The businesses involved in the Elaine Group are not entered casually, but are all related to their main business.

Clothing, jewellery, shoes, and cosmetics, etc.

Everything revolves around people's attire, and it extends from the attire, which has internal logic.

It's not like jumping from one industry to another all of a sudden.

For example, someone who was originally engaged in real estate suddenly crossed over to engage in automobiles...

This time, it is a little far away, and it is easy to find the north directly.

Driven by the Yilian Group, many garment factories in Xiangjiang have entered Shenchuan to build factories, especially the larger garment factories.

How many garment factories are there in Xiangjiang?
It reached its peak in 1987, with more than 10500 garment factories, and most of them were small factories that hired [-] to [-] workers and opened factories to take orders.

This kind of small factory is definitely not strong enough. If you can get some sewing machines or something, you can do it.

The main force of relocation is not these factories, but large factories with hundreds or even thousands of workers.

This type of factory is strong, has a deeper grasp of the market trend, and is also capable of moving the factory.

In the past few years, Xiangjiang's economy has developed rapidly, wages in many industries have risen, and wages in special service industries have risen super fast, and a large number of people have been attracted to it.

On the contrary, the garment factories have become in short supply in terms of employment.

Raise wages for workers and rob people in the service industry?

It is indeed a method, but why should this method be used by factory owners?
Wouldn't it be good to go directly to the mainland to set up a factory?
Elaine Group also shares its raw material channels in the mainland with other garment factories in Xiangjiang.

Of course, many garment factories are also learning from Elaine Group and creating their own brands.

Now that Xiangjiang's economy is developed, the cultural industry is also strong, and it has a huge influence throughout Asia.

Naturally, it also drives the recognition of Xiangjiang fashion in other regions.

Xiangjiang's fashion is mainly concentrated in spring and summer fashion. After all, Xiangjiang itself is located in a subtropical region, and no matter how cold it is in winter, it is not as cold as in high latitude areas.

Therefore, for winter clothing, Elaine Group relies more on the design team in the Mainland.

"Remember, Hong Kong's economy was in a period of rapid growth before the reunification, and the growth rate seemed to exceed double digits."

What John Country is doing in Xiangjiang now is high housing prices, high stock market, high inflation, high wages, and negative interest rates.

Doing so, on the surface, can make the economy prosper quickly, but the bubble will also blow up.

The small bubble is okay, and it won't have much impact if it bursts.

But when the bubble blows to a certain extent and bursts, the impact will be quite large.

The Asian economic crisis was undoubtedly an extremely heavy blow to Hong Kong's economy, and it took several years for the entire Hong Kong economy to recover.

However, Hong Kong's economy has not been ideal in recent years, which has also affected the Hong Kong film and television industry.

Move the whole body by pulling a hair!
Chen Huaiqing unscrewed the lid of the thermos cup and took a sip of tea: "There are less than ten years left!"

Boom boom boom!
Tao Caiqing: "Boss, President Fang Hanxue of Kangnian Bank is here!"

Chen Huaiqing screwed on the lid and put the thermos cup on the desk: "Please come in."

It has been more than three years since Kangnian Bank was included in the bag. Three years is short, and it is naturally a blink of an eye.

But if it is long, it is quite long.

Forget about losing a relationship, three years is enough to heal everything.

Compared with other banks, Kangnian Bank's deposit interest rate is much higher, so it naturally absorbs more deposits.

In addition, the wealth management products issued by Kangnian Bank and the fund products invested by Meta as a consignment have sold quite well.

"boss!"

Chen Huaiqing pointed to the sofa and said, "Sit!"

Fang Hanxue sat down cautiously, Tao Caiqing poured Fang Hanxue a cup of tea, and then retreated.

Chen Huaiqing: "How is the development of Kangnian Bank in Southeast Asia?"

Fang Hanxue: "We have established branches in various countries in Southeast Asia, and have also carried out some businesses. We are actively striving to operate local currency businesses."

If a bank cannot obtain local currency deposit business, it can only borrow funds from other banks.

In this case, the capital cost will be slightly higher, but the problem is not too big.

After all, at this time, the economic growth rate of the four Asian tigers is extremely fast.

Kangnian Bank still makes some money in the local area.

Instead, earn a lot.

Chen Huaiqing: "The five countries in Southeast Asia are making greater strides in terms of financial liberalization. Kangnian Bank must seize the opportunity to expand its local business scale."

Expanding the scale of local business is the only way to have more funds in hand.

(End of this chapter)