Hong Kong Island, reborn Huo family, blocked Soros at the beginning

Chapter 162

Ying Jun continued:

“Focusing on the needs of the national strategy and the social and economic development of Yanjing, the pilot zone should make breakthroughs in the field of high and new technologies, catch up with Western countries, let China’s scientific research and innovation be at the forefront of the world, and provide strong scientific innovation support for the implementation of major national construction projects such as aerospace, water conservancy and railway.”

“We are now improving the science and technology financial innovation system of Zhongguan Village and accelerating the construction of the national science and technology financial innovation center.

“We have repeatedly studied the Silicon Valley model of Belle Nation, and finally realized that venture capital is the life’s fulcrum of Silicon Valley and the key to it.”

“At the beginning, we only observed the combination of technical personnel and production, let technology go out, bring out the results, promote economic development, and did not pay attention to venture capital.”

“But in fact, those technologists can do this because of venture capital, which is the driving force of Silicon Valley and the protector.”

“We hope that you will not only invest money, but also invest experience, especially venture capital concept 29, and promote the experience of this thing in Zhongguan Village.”

After Ying Jun finished speaking, he looked at Huo Qixuan with a smile.

“No problem, I will set up an investment company in the pilot area to invest in and incubate high-tech industries, and I will also teach them concepts and experience in the field of investment.” Huo Qixuan nodded.

“Okay, we will specially set aside a piece of land for you in the test area for you to build your own company headquarters, and all administrative approvals will be completed on the same day!” Ying Jundao.

When the two were talking, Xiao Jie and Zhang Linan were taking minutes of the meeting and listed these two things as the most important items.

“Tell me about the third project, please.” Huo Qixuan said with a smile.

Wen Zhuo and the others looked at each other, and Yu Jie couldn’t help but say:

“Boss Huo, these two projects are big enough, the funds that continue to be invested are tens of billions, especially after your investment company is built, and more funds will be invested in the experimental area, I think these two projects are enough for you to digest, no matter how much, I am afraid that your funds will not be able to withstand it.”

“It’s okay, five billion is not enough, I will continue to inject money from Hong Kong Island, and even, I can persuade Wall Street investment companies to come and join me in joint ventures and bring their experience and management methods with me.” Huo Qixuan said with a smile.

Wen Zhuo’s eyes showed a different color.

Others looked at each other even more.

This little son of the Huo family… It’s not easy.

Even influential on Wall Street?

Wen Zhuo and Ying Jun looked at each other, and the latter nodded, so he continued to speak:

“Then I’ll continue…”

With Ying Jun’s narration, Huo Qixuan took over a total of ten major projects that Yanjing needed to solve the most, and it was also the most urgent and urgent project in Yanjing at present.

These projects include a new generation of mobile communications, satellite applications, biology and health, energy conservation and environmental protection, rail transit and other advantageous projects.

There are also four potential projects of integrated circuits, new materials, high-end equipment and general aviation, new energy and new energy vehicles, and high-end development of modern service industries.

Huo Qixuan accepted all the orders.

Some of it is in the form of private investment, and the other part is a joint venture with the government.

When the discussion was over, everyone glanced at the time.

An hour and a half!

God, in just one and a half hours, he has completed all ten of Yanjing’s biggest and most urgent projects? What is this efficiency?

If you change to another investor, just one of the projects will have to be torn off for weeks, or even months, because there are too many things to worry about, can you make money? Can the policy give preferential treatment? Follow-up development is not big? How much additional funds are required?

All kinds of things have to be calculated and explained clearly, so it takes a long time and is very inefficient.

But now, Huo Qixuan ate ten major projects in one go, without any scruples and hesitations, and everyone even had some doubts about whether he was drawing a big pie.

However, Wen Zhuo, Ying Jun and other bigwigs clearly heard that the staff brought by Huo Qixuan were breaking up the ten projects in detail and were beginning to plan.

With such a serious and rigorous attitude, it doesn’t look like you’re drawing a pie.

In other words, he can really eat these ten items in one bite.

God, how rich he really is…

The total investment of ten projects is definitely more than five billion US dollars.

That’s too small to look at Yanjing’s size.

There is no volume of more than 100 billion US dollars, and Hugh wants to get all these projects done.

Of course, the hundreds of billions of dollars here does not mean that more than 100 billion should be invested now, but refers to the funds that need to be injected into subsequent development.

Does this little grandson of Huo Lao have the confidence to earn hundreds of billions of dollars in the future and inject it into these projects?

The seven Beijing officials couldn’t help but drummed a little in their hearts.

These ten projects, all of them are national key projects, related to the grand strategy of national development, if not for Huo Lao’s guarantee, they really dare not let Huo Qixuan eat it in one go, in case something goes wrong, everyone is a sinner.

Huo Qixuan’s appetite is certainly more than that.

Originally, he planned to eat more projects, but as soon as he heard Ying Jun say that the subsequent projects were all real estate business district developments, Huo Qixuan dismissed this idea.

When he came to the mainland to invest, there was one thing he would not touch: real estate! (Read violent novels, just go to Feilu Fiction Network!) ）

It’s too complicated, and it’s not just about building a house.

This is an entitlement transferred by the Cabinet to local governments.

It is a helpless move to avoid the bankruptcy of local government finances.

In ’92, the country’s fiscal revenue totaled 350 billion yuan.

Among them, 250 billion yuan for local governments and 100 billion yuan for cabinets.

The cabinet spent 200 billion yuan on fiscal expenditure, with a deficit of 100 billion yuan.

The cabinet was so poor that it could only borrow on credit to the banks.

The poor finance minister asked the provincial finance ministers to raise funds for the cabinet, and the second elder of the poor country said at the national finance conference that if the financial system was not reformed, the state finance would collapse by the year 2000.

Then, the National Council began reform, changing the package tax system to a tax-sharing system.

The tax-sharing system divides taxes into cabinet taxes (such as customs duties), local taxes (such as business taxes), and shared taxes (such as value-added tax).

The most important of these, value-added tax, which accounts for a quarter of the country’s tax revenue, turned out to be the largest local tax, the cornerstone of local finances.280

After the reform, the cabinet took 75% and the localities took only 25%.

In the future, the cabinet will take the big head, and the local government will take the small head.

The share of tax revenue in the cabinet budget has increased from 20% to more than 50%.

Localities, on the other hand, account for just over 40 per cent.

The effect was immediate, and the cabinet revenue in ’94 reached more than 400 billion yuan, an increase of 25% over the previous year, and by 02, the proportion of cabinet revenue reached 55%.

However, when the cabinet has money, the local government is poor.

I don’t have enough money on hand.

A large number of civil servants, teachers, and public institutions are waiting to be paid.

Urban infrastructure, medical insurance, social security and everything need to be done with money.

Where does the money come from?

The cabinet can’t help, after all, it took away most of their heads, so it offered to let them sell land, although the income from selling land is very small now, but it has great potential, it can make up for local fiscal revenues, or this income will be given to you?

Since then, local governments have formed a high dependence on land finance!

Localities sell a large number of land to real estate developers, who find banks to borrow money to build houses, and then sell the houses to the people.

The government then uses the money earned to promote urbanization and industrialization to add value to the city.

Then house prices go up, house prices go up, and land prices go up with them.

So the government’s income is getting higher and higher, and it sells high-priced land to real estate developers, who then find banks to borrow money, and then sell high-priced houses to ordinary people…

And so it goes on and on.