Reborn 80s

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

Chen Huaiqing also arrived in Xiangjiang at this time. Xiangjiang is located within the Tropic of Cancer. In June, the weather is so hot that there is no room for people except for people outside in the shade.

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

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

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

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

Chen Huaiqing: "Have you read this report?"

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

"This report is quite bold. A private club controlled by a few people really hits the nail on the head. If everyone reads this report, there will be big changes in the Hong Kong securities market in the future."

The Stock Exchange, which was formed by the merger of the four exchanges, had many internal problems, and everyone was trying to compromise on various interests.

Many of the suggestions contained therein are quite good. If implemented according to them, the Hong Kong securities market will become more formalized.

Restoring market confidence is quite beneficial and the stock market will rise again.

Chen Huaiqing had always known that Xiangjiang's financial market was relatively mature.

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

Even a person like him, who is not very proficient in finance, can discover that the financial market in Hong Kong at this time is full of loopholes.

Especially in the area of ​​supervision, it can be said to be nothing.

Big capital takes advantage of these loopholes and makes wanton profits in the market, which can be described as quite happy.

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

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

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

Tao Caiqing: "Okay, what about the morning of tomorrow?"

"Okay, it will be the afternoon of the day after tomorrow. When Fang Han comes over, he can take it 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 the Xiangjiang Securities Industry" issued by this person was quite good.

In the report, it was proposed to establish a regulatory agency independent of the existing department.

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

This is very unfair to market participants.

Market fairness is very important. Everyone relies on their own abilities. Even if they lose, they will only blame their own incompetence.

Picking up the thermos cup, Chen Huaiqing stood in front of the window. 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 Hong Kong.

In 1987, the GDP growth rate reached 23.24%, exceeding 50 billion US dollars.

Fifty billion US dollars, this figure is a bit exaggerated.

Xiangjiang’s GDP is 4 times that of Shanghai!

Of course, the rapid development of Xiangjiang's GDP has also caused labor costs to rise.

The income from the service industry is higher than that from working in a factory.

Xiangjiang's garment industry is now facing a manpower shortage problem.

The Yinlian Group took the first step, opening its factory to Shenchuan and building a large number of garment factories in Shenchuan.

In addition to building garment factories, Yinlian Group is also developing into the upstream textile industry.

The businesses involved in Yinlian Group are not entered casually, but are all related to its main business.

Clothing, jewelry, shoes, cosmetics, etc.

Everything revolves around people's clothing, and there is an inherent logic in extending from clothing.

It does not mean that you suddenly jump from one industry to another.

For example, if you were originally engaged in real estate, you suddenly crossed over to engage in automobiles...

Now the distance is a bit far, and it is easy to lose sight of the north.

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

How many garment factories are there in Xiangjiang?

It reached its peak in 1987. There were many garment factories, and most of them were small factories. They only needed 30 to 50 workers to open factories and take orders.

This kind of small factory is definitely not very strong. It can do it if it can get some sewing machines or something.

The main force for 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 market trends, and has the ability to move factories.

Xiangjiang's economy has developed rapidly in recent years, and wages in many industries have risen. Especially in the service industry, wages have risen very fast, attracting a large number of people.

On the contrary, garment factories have become short of labor.

Raise wages for workers and steal people from the service industry?

It is indeed a method, but for factory owners, why should they use it?

Wouldn't it be better to go directly to the mainland to set up a factory?

Yinlian Group also shares its raw material channels in the mainland with other garment factories in Hong Kong.

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

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

Naturally, it also drives other regions to recognize Hong Kong fashion.

The fashion in Xiangjiang mainly focuses on spring and summer fashion. After all, Xiangjiang itself is in a subtropical region. No matter how cold the winter is, it is not as cold as in high latitudes.

Therefore, when it comes to winter clothing, Yinlian Group relies more on the design team in the mainland.

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

This chapter is not over yet, please click on the next page to continue reading! What John is doing in Hong Kong now is high housing prices, high stock market, high inflation, high wages, and negative interest rates.

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

It's okay to be a small bubble, 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 a very heavy blow to Hong Kong's economy, and it took the entire Hong Kong economy several years to recover.

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

One hair move affects the whole body!

Chen Huaiqing unscrewed the lid of the thermos cup and took a sip of tea: "There are less than ten years left!"

Winter winter winter!

Tao Caiqing: "Boss, President Fang Hanxue of Conian Bank is here!"

Chen Huaiqing screwed on the lid and placed the thermos cup on the desk: "Invite him in."

It took more than three years for Connian Bank to be acquired. Three years is a short period of time, and it naturally passes by in the blink of an eye.

It can be said that it is long, but it is quite long.

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

Compared with other banks, Conian Bank's deposit interest rate is much higher, which naturally attracts more deposits.

In addition, the financial products issued by Conian Bank and the fund products of Meta Investment are sold very well.

"boss!"

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

Fang Hanxue sat down with some restraint. Tao Caiqing poured Fang Hanxue a cup of tea and then left.

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

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

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

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

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

Conian Bank is still making money locally.

On the contrary, I made a lot of money.

Chen Huaiqing: "The five Southeast Asian countries are now taking greater and greater steps towards financial liberalization. Conian Bank must seize the opportunity and expand its local business scale."

Expanding the scale of local business will allow you to have more funds in your hands.

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