Everyone here can understand the harm of the real estate industry.
Therefore, when it comes to the end, everyone has made solving the problems of the real estate industry a prerequisite for the development of other industries.
As long as the real estate industry is curbed, other industries that are not related to real estate will have broad development space.
Otherwise, even if other industries flourish, the skyrocketing housing prices later will destroy these achievements.
Xia Yu is very clear about this, and so is the vast majority of people in the future. Just look at the choice of Huawei, a star enterprise in Pengcheng.
Although suppressing the high housing prices in Xiangjiang will affect his future interests, after all, he is the number one landlord in Xiangjiang, apart from the Hong Kong government.
However, he is not only involved in the real estate industry, and unlike people like Li Jiacheng and Wang Dehui, he is not extremely reliant on the real estate industry. Compared to the wealth that other industries may create for him, the benefits of real estate are insignificant.
Just think, even Sun Hung Kai Properties, one of the four major real estate kings in Xiangjiang in later generations, has an annual profit of less than 50 billion Hong Kong dollars, which is equivalent to less than 8 billion US dollars.
If Hong Kong developed an automobile company, a chemical company, an electronics giant, or a pharmaceutical giant, which one of them could easily surpass Sun Hung Kai Properties?
Even the four real estate giants of Hong Kong in later generations, combined, could not match the annual turnover of Samsung Electronics in a single country.
This is a stark difference!
It is one thing to know what is important, and another to know how to effectively curb it.
However, Wang Liming, head of the Institute of Political Studies, has revealed the key point.
'Boss, although Hong Kong seems small, the actual per capita floor space is now 220 square metres, which is not small. The reason for the rising property prices is that private and public residential land now accounts for only 3% of Hong Kong!
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'Although Hong Kong's capital has gradually focused on the real estate industry, and the general trend has gradually gathered momentum, this trend is not unbreakable. At present, I think there are two ways. The first is to develop private and public residential land to more than 6%, and the second is to have another stock market crash. Both of these methods are enough to deal a devastating blow to the real estate industry.'
'With Hong Kong's unstable political factors, as long as there is a conflict between the British government and the mainland, it will definitely trigger a huge panic, and the stock market crash will happen again.'
'And now the real estate industry has not completely kidnapped the Hong Kong government, there is still a lot of room for manoeuvre. Boss, you are strong enough in the real estate industry, and if you are willing to sacrifice the interests of the real estate industry and stand in the same front as the Hong Kong government, the real estate industry cannot kidnap the Hong Kong government.'
'So in my opinion, the factor of capital is not urgent, but the other one is—the concept of environmental protection!'
Upon hearing this, Xia Yu's brows twitched. While the others were still a little confused, he, with his memories of the future, instantly understood what Wang Liming was trying to say, and also remembered something.
In his previous life, he had read some related reports.
Of the 1,100-odd square kilometres of land in Hong Kong, two-thirds had been designated as undevelopable countryside, including woodland, grassland, wasteland, wetlands and scrubland. Once the Hong Kong government after the handover wanted to reclaim and develop the land, or if other people wanted to use the land, freedom groups, environmentalists and legislators would use consultation and legal procedures to block it.
The most typical example is the 'Northeast New Territories Development Plan', which was intended to build 60,000 residential units, of which 36,000 were affordable housing units, to increase the small and medium-sized residential units urgently needed by Hong Kong people. However, due to opposition from social groups, the plan was shelved.
The Hong Kong government was forced to reclaim land at high cost, but even this was later criticized by social groups for reasons such as damaging the marine ecology. In the end, the bill was unable to pass, and the Hong Kong government was caught in a dilemma with no way out.
Housing prices continued to rise.
In fact, by the time of the later period, the class that had risen through the real estate industry was already at the top of the pyramid, and the major social groups were already standing behind the real estate developers, already mixed together.
But in theory, at present, the real estate industry has only developed for more than ten years. Although the bigwigs who rose through the real estate industry have already emerged, their influence is still far from enough, and they definitely do not have such a large degree of control!
Xia Yu just hadn't noticed that environmental groups had already started to take action.
At this point, Wang Liming continued, 'The Country Parks Ordinance passed in 1976 has already protected country parks and special areas with a total area of more than 150 square kilometres from development!'
'Nowadays, the concept of environmental protection is becoming increasingly strong in Hong Kong, and many environmental groups have sprung up, and they still have a considerable influence in society.'
'Appropriate protection is beyond reproach, but I'm afraid that the environmental protection concept has become a knife, which can be used by others and become a political springboard for some people, and in the end it will be mixed with capital!'
'If a few similar Country Parks Ordinances are passed, then even if Hong Kong wants to develop industry, it will not be able to build a large enough science and technology industrial park, and the real estate industry will receive a huge boost! By that time, even if we are on the same side as the Hong Kong government, we will still face enormous pressure.'
'So my suggestion is to start infiltrating and controlling major social groups with capital from now on, while also deliberately guiding public opinion and controlling the concept of environmental protection within certain limits.'
'And we also need to increase our influence on the Legislative Council so that we can take control of the development of Xiangjiang.'
'I have thoroughly studied the development of the political landscape in Europe, America and island countries, and I believe that the Jiuding consortium needs to specifically list an invisible expenditure for political activities every year.'
Wang Linyi's long speech was very informative and made Liu Tianci and the others feel shaken. In particular, his last sentence, although spoken in a more euphemistic way, was very clear in meaning, which was to build consortium politics.
Think about the future of the stick country, which is just like this. The political influence of South Korea's top ten consortia on South Korea is not to be underestimated, especially the Samsung consortium, which is leading the way and has significant influence over South Korean government policy.
Although Liu Tianci and the others were shocked, Xia Yu had already guessed it. At this time, the corner of his mouth lifted slightly, revealing his attitude towards Wang Liming's opinion.
Seeing Wang Liming's gaze, Xia Yu immediately commented, 'Your suggestion is very good, I will consider it as a priority.'
Hearing Xia Yu's words, Wang Liming smiled. As a think tank, it was his job to advise his boss, and being able to be adopted was a recognition of his abilities.
Seeing his old friend perform so brilliantly, Xu Wen, head of the Social Research Institute, didn't want to be outdone.
After organising his thoughts a little, he spoke up, 'Boss, the preconditions for suppressing the real estate industry can be fulfilled. Returning to your plan for Xiangjiang, I feel that there is still one huge shortcoming that needs to be remedied, and that is the shortage of talent!'
'You want to develop high-value industries in Xiangjiang, but the threshold for high-value industries is also high, and the requirements for talent are even stricter. With Xiangjiang's current talent and education systems, they are insufficient to support the high-quality development of these industries.'
'It can be said that the total quantity and quality of talent determines the development of these industries and also the competitiveness and influence of Xiangjiang.'
'It takes a relatively long time to build these industries and make an impact, and during this time, talent must keep up.'
'Although you have established Jiuding University, Xiangjiang Traditional Chinese Medicine College and Xiangjiang Culture and Media School, when combined with Xiangjiang's original universities and professional colleges, less than 4% of Xiangjiang students are able to receive higher education locally after graduating from high school. This educational foundation is too weak, the base is too small, and the rate of talented people is too low. This problem should be solved as soon as possible, the sooner the better!'
'In this regard, it is not impossible for you to continue to build or expand universities, but the best solution is for the Hong Kong government to formulate relevant education policies!'
Xu Wen also hit the nail on the head. Xia Yu gave him an appreciative look, then looked at Fok Kin-ning next to him and noticed that he had already jotted down a lot of content in his notebook.
The meeting continued.
It wasn't until 12 o'clock that Xia Yu saw that it was getting late and the general gist had emerged, so he took the initiative to end it.
'It's getting late and everyone is hungry, so I'll give a summary first.'
After saying this, Xia Yu paused, looked at Liu Tianci, and said to him, 'Tianci, no matter what industry you want to develop in the future, you will need the support of the bank. This burden will fall on Jiuding Bank. After you go back, you make a rough support plan.'
'Okay!'
Liu Tianci immediately responded and took notes.
Xia Yu then said to Lin Shanyuan and the others, 'Professors, after the meeting, you will need to refine the content of today's meeting and quickly formulate a strategic plan and implementation plan.'
Lin Shanyuan and the others successively stated that they had no problem.
'Jianning, you will have a hard time this afternoon, organising the content of the meeting and giving a copy to everyone here.'
'Everyone must remember that the content of today's meeting must be kept strictly confidential and absolutely not disclosed.'
'Understood!'