Chapter 969: Turning the future of Hong Kong around with one's own strength

On the morning of the 1st of May, Xia Yu called Liu Tianci and Giles Liddle into his office and spent nearly half an hour assigning them tasks, urging them to speed up while ensuring that the information was complete.

Xia Yu had decided not to contact Bao Yugang just yet until the data collection was complete, so as to avoid any sudden changes and missed opportunities due to insufficient preparation.

A few days later, Liu Shihao arrived at Xia Yu's office with a smile on his face.

'Chairman, the final proposal we negotiated with the Hong Kong government is ready. Sir Murray MacLehose asked me to bring it to you for review. If you have no objections, then we will cooperate according to this proposal and announce it to the public,'

Liu Shihao respectfully handed Xia Yu a thick stack of documents with the code 'HK009' on the cover and the word 'secret' in the upper left corner.

Xia Yu took it and said, 'Go sit down somewhere,' and then started flipping through the pages.

From the table of contents, Xia Yu could already tell the general content of the document.

The Hong Kong government had indeed combined the plans for the Science and Technology Industrial Park with the plans for the Tin Shui Wai New Town.

The plan for the Tin Shui Wai new town was in the first half of the document.

The construction of the Tin Shui Wai new town had been laid out in a document several years ago, so it already had a complete framework and overall plan.

This time, at Xia Yu's suggestion, the Hong Kong government mainly combined the actual situation and adjusted the original construction plan for the Tin Shui Wai new town.

After all, for more than two years, there had been basically no movement in the construction of the Tin Shui Wai new town, so it would be very difficult to make adjustments. There would be almost no actual cost, as long as the policy was adjusted.

Xia Yu focused on some of the text and data.

For example, the new Tin Shui Wai town will be divided into two main parts, the north and the south, with Tin Wah Road as the dividing line.

The Hong Kong government will give priority to the construction of the southern urban area, taking into account the distance from the walled villages of Tin Shui Wai and Cheung Kong Wai, as well as the closer distance to the Yuen Long Science and Technology Industrial Park.

One of the most critical aspects is the public housing construction plan.

The Hong Kong government will build 50,000 public housing units in the south, with a construction period of three years, and the sole contractor will be the Jiuding Real Estate Group.

In terms of public housing, even the application criteria and procedures, purchase methods, and loan partners are clearly written.

The mortgage loan partners are Jiuding Bank and Standard Chartered Bank. In principle, in order to facilitate management, no new loan banks will be added.

Then there is the construction of various public facilities, including schools, hospitals, etc. This time, the Hong Kong government has demonstrated its responsibility by stipulating in the document that the main investor in public facilities is the Hong Kong government and the contractor is Jiuding Real Estate Group.

The plan to build Tin Shui Wai new town was followed by the plan to build Yuen Long Technology Industrial Park.

The beginning was the strategic planning of Yuen Long Technology Industrial Park.

For example, the planned area of Yuen Long Technology Industrial Park is 30 square kilometres, basically covering the entire Xia Cun Township and most of the Ping Shan Township.

The Yuen Long Science and Technology Industrial Park will establish a dedicated park management committee, which will be directly managed by the management committee. Personnel will be appointed directly by the Hong Kong government, and will be directly managed by the Hong Kong government, bypassing the Yuen Long District.

The Yuen Long Science and Technology Industrial Park has also designated the sole contractor as the Jiuding Real Estate Group.

The document also stipulates the nature of the land in Xia Cun and Ping Shan townships. In accordance with the original document requirements, the nature of the land may not be changed to commercial land, and no one may acquire the land involved in the plan except for the Hong Kong government to expropriate it.

At the end of the document, the payment method of the Hong Kong government is also clearly defined, of which 70% is paid in land conversion. The land is divided into two parts: the commercial land in Tin Shui Wai New Town and the industrial land in Yuen Long Technology Industrial Park. The price of the two parts of land is also set according to the current actual price, and the Hong Kong government will not change it.

The remaining 30% of the funds will be offset by the tax of a company designated by Jiuding Real Estate Group.

This point expands the scope, and it is not clearly stipulated that it must be the tax of enterprises in the Yuen Long Science and Technology Industrial Park. Even the tax of the Jiuding Real Estate Group can be deducted.

The reason why the Hong Kong government agreed to this is also because of the preferential support policies for enterprises entering the Yuen Long Science and Technology Industrial Park.

The document states the development direction of the Yuen Long Science and Technology Industrial Park and the conditions for enterprises to enter.

The Yuen Long Science and Technology Industrial Park is positioned as a high-tech science and technology park, focusing on the development of electronic semiconductors, high technology, heavy machinery manufacturing, petrochemicals, biopharmaceuticals and other fields. Enterprises in fields such as textiles and toys do not meet the requirements and will not be admitted to the park.

Enterprises that meet the requirements enjoy different levels of preferential policies when entering the park. The lowest level of policy is a 15% basic tax reduction, and enterprises with an investment of more than 20 million US dollars can also enjoy the 'two-year exemption and three-year half reduction' policy. Enterprises with a smaller investment can enjoy the 'one-year exemption and two-year half reduction' policy. In any case, the strength of the preferential policy is directly proportional to the strength of the investment.

In addition, there are various other preferential policies that are subdivided according to different industries, different investment amounts, the number of employees hired, the scale of the industry, and so on.

Considering that Hong Kong is a free port at this time and has always had a zero tariff policy, the cost advantage of the Yuen Long Science and Technology Industrial Park is even greater than that of the Hsinchu Science Park.

Moreover, Hong Kong is an international trade port, making it more convenient to purchase and sell various materials, and transportation is extremely convenient, so naturally it has an advantage in developing the manufacturing industry.

Therefore, after reading about the powerful support policies formulated by the Hong Kong government, Xia Yu's confidence in building the Yuen Long Technology Industrial Park skyrocketed once again.

MacLehose was indeed powerful this time!

After reading the document, Xia Yu felt that he had not noticed any major omissions.

However, he cautiously called a meeting with the think tank and the heads of the affiliated companies. The meeting lasted until after 5:00 p.m., and some minor opinions were sorted out. He then instructed Liu Shihao to take the opinions to the Hong Kong government to communicate with MacLehose.

Before the meeting, Xia Yu also made a special phone call to MacLehose to express his attitude and lavish praise on MacLehose, which made MacLehose feel very good.

Thinking that it would take about a week for the Hong Kong government to revise and publish the document, Xia Yu called Wang Qi again and asked him to lay the groundwork to short sell major real estate companies within five days, especially Cheung Kong Holdings, which was related to the Tin Shui Wai New Town.

Xia Yu was certain that once the government released the plan to the public, it would shake Hong Kong to its core and have a severe negative impact on the real estate industry.

It was true that the Ten-Year Housing Construction Plan proposed by Murray MacLehose before had planned to provide 1.8 million Hong Kong residents with fully equipped public housing units with a reasonable living environment by 1982. Nine years had passed, and only more than 140,000 public housing units had been built, solving the housing problems of more than 600,000 residents. The efficiency was actually quite slow.

However, this time, the 50,000-unit public housing project has been assigned to Jiuding Real Estate Group, the leading real estate company in Hong Kong, which has been tasked with completing and delivering the project within three years.

Assuming an average household size of four to five people, the 50,000 public housing units will solve the housing problem for 200,000 to 250,000 residents.

According to data released by the Hong Kong government at the beginning of the year, Hong Kong now has a population of 5.06 million.

In other words, in three years, the public housing in Tin Shui Wai alone will be able to solve the housing problem for nearly one-twentieth of Hong Kong's population. Coupled with the Hong Kong government's ongoing public housing construction plan, another 400,000 people will live in public housing within three years.

And now that 1.5 million residents in Hong Kong already live in public housing, the real estate market can be imagined.

Although the 50,000 public housing units this time are basically aimed at the Yuen Long District, the real estate market in Yuen Long will be destroyed, and the most directly affected party will be the Cheung Kong Group.

However, after seeing the Hong Kong government's strong commitment to building public housing, residents in other districts will definitely be affected as well. They will expect the Hong Kong government to build public housing in their own districts. These consumers who are on the verge of being able to purchase a home will definitely be affected and will choose to wait and see. Some of them will definitely be affected and choose to wait and see. Other real estate development companies will also be affected.

It's no wonder that the stock prices of real estate companies that have already been listed have not fallen.

Of course, Xia Yu also took into account the fact that he knew many big shots, and in order to save face, Xia Yu also asked Wang Qi to add a few more shell companies to the operation, so as not to directly expose Jiuding Securities Company.

At 9 am on May 10th, the Hong Kong government held a grand press conference, which was broadcast live by Global TV and TVB, and all Hong Kong media and foreign media based in Hong Kong were invited to attend.

At the press conference, the Hong Kong government's 'Strategic Plan for the Development of Tin Shui Wai New Town and Yuen Long Technology Industrial Park' and 'Work Opinions on Promoting the Development of the "One Core, Six Pillars" Strategic Leading Industries' were announced and explained.

All the attendees and the audience in front of the TV, who had been closely following all this, were left with a buzzing head after hearing the content of the documents.

Something big is going to happen in Hong Kong!

Xia Yu, who was in the office, couldn't help but laugh heartily, his chest filled with boundless pride.

A great change in Hong Kong began today!

With his own efforts, he has changed the future of the entire Hong Kong!

From now on, Hong Kong will embark on a path that is completely different from its past.

A large part of his memories of Hong Kong in his previous life will become invalid.

But he doesn't care!

Although the future of Hong Kong has become unpredictable, it also means that Hong Kong has an infinite future!

And the future of him and the Jiuding consortium will also become brighter!