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Volume 1 116 Real Estate Tax

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    In Qi Yiming's timeline, a large part of Li Chaoren's industry was concentrated in the communications industry on Hong Kong Island. PCCW, run by his second son, was one of the leading large communications service providers in East Asia.  Antong Communications began to provide wireless communication and Internet service equipment to the world more than ten years ago. Li Chaoren naturally saw the huge value brewing in it at a glance and came to contact Qi Yiming in person.

    Li Chaoren sat there, looking at this young man who was definitely under thirty years old, with various questions in his heart.  He got the news from some special channels. This Qi Yiming is an influential figure in the CPC party. It is even said that the formulation of the drastic economic reform roadmap in the mainland last year also had traces of this person.  To be able to meet the top leader and lead the country's largest national defense industry group at such a young age is incomprehensible.

    "Hong Kong wants to build its own wireless communication network, and we naturally welcome it. Haha, after all, the mainland and Hong Kong are one family, and everything about price is easy to negotiate. But I have to say hello to you. China Mobile has been  We must be busy building the communication network in the mainland. When we are almost done and Hong Kong returns, we will definitely enter the Hong Kong market.¡±

    Li Chaoren smiled and said: "That happened ten years ago. There is still a big competitive difference between first come and last served. Besides, I, Li, am not afraid of competition. We will win our customers with high quality and considerate service."  ¡±

    Qi Yiming nodded approvingly. At least this concept is still not understood by many business people in the mainland. This is why he regards the opening of training courses for professional managers as an important task that is no less important than technical investment.  .

    The two chatted for a few more words, and Li Chaoren asked a question again: "Qi Sheng, I have seen that last year and this year, the infrastructure industry in the mainland has become bigger and bigger, and many places cannot keep up. Now the economic environment is good.  Policies have also been liberalized. Is there any opportunity for Yangtze River Infrastructure to enter the mainland market and help mainland compatriots build cities? "

    A core part of the industry of this richest Chinese man in later generations is infrastructure and real estate. At this time, the economic development of the entire mainland, especially the coastal areas, has shown a surging momentum. The foundations of high-rise buildings have been laid, and highways have begun to be built.  Tower base stations required for various communication facilities are also ready to go on the road.  At present, just counting on large state-owned infrastructure companies such as China Railway Group will never be able to meet demand. Many private individuals are interested in this market, but lack financial and technical support.

    Qi Yiming has also successively established multiple construction companies affiliated with Shenghua Group. Just dealing with some construction problems within the company is already a headache, and other industries or cities are even more troublesome.

    Of course, Li Chaoren is not as rich now as he would be thirty years later, but he is still a business tycoon for the mainland. Qi Yiming is still optimistic about his intention to enter the mainland's infrastructure market, since he can't take one bite.  , give it a little to others, and the ultimate benefit will be the infrastructure construction in the mainland.

    "I support Mr. Li's ambition in principle. It is true that mainland China needs help in infrastructure construction, especially in the field of engineering technology. However, I still need to clarify a few points with Mr. Li. I hope that Mr. Li will use Yangtze River Infrastructure (  China) is a commercial entity serving the Mainland, operating in the form of investment or joint venture. In addition to important engineering and technical personnel, it mainly recruits workers from our Mainland, and tries its best to handle labor relations. Trade unions must exist, and the interests of workers are also required.  Be protected." Qi Yiming instructed seriously.  He didn't know if he had been a leader for too long, and he unconsciously had a commanding air about him. It was just that for a young man, he still lacked dignity.

    Li Chaoren did not dare to neglect. The information he obtained showed that Qi Jingren was qualified to show off to him, but he was a little strange. Often the mainland did not care about things like protecting labor rights, but Qi Yiming had to come up with it alone.  he said.

    Qi Yiming added: "The main form of contract is still the labor project contract. For a project, we entrust the construction work to CK Infrastructure, and CK Infrastructure will receive remuneration after completion."

    Li Chaoren rolled his eyes: "Our company can accept more flexible payment methods, such as some real estate"

    This is the tail of the fox. Qi Yiming understands that land in China is worthless now. In twenty years time, land in first- and second-tier cities will be all at sky-high prices. If he thinks it is a good deal to pay with land now, he will feel that he is losing money in the future.

    Qi Yiming smiled and said: "I have nothing to say about this matter. It mainly has to do with the local government. However, I can tell you in advance that starting from next year, the state will implement a progressive real estate tax.  Too much is not a good thing.¡±

    Li Chaoren frowned: "Isn't this a disguised suppression of real estate? The real estate market in the mainland has not yet risen.?I¡¯m afraid it¡¯s not good to just set limits.  "

    "It would be better than being unable to control housing prices in the future. The National People's Congress will legislate next year to state that land ownership belongs to the state and land use rights belong to individuals, but a real estate tax needs to be paid every year. Ordinary people's properties under a certain square meter are tax-free.  Commercial or industrial land will also be rationed according to different quantities and properties. In short, it is indeed a restriction. However, we are a country transitioning from a planned economy to a socialist market economy. If we liberalize it all at once, I am afraid there will be problems. Let¡¯s try it out first.  Let¡¯s take a look.¡±

    This real estate tax reform is completely Qi Yiming¡¯s idea.  Essentially, it eliminates the unpleasant setting of 70 years of property ownership, but it is a huge restriction for people who hoard houses.  For example, property tax is currently exempted for private houses with an area of ??less than 100 square meters, and then taxes start to increase from there. This is also a way to target the rich.  As the economy grows, this 100 square meters can be increased incrementally according to actual conditions.  Real estate taxes on industrial land also need to be differentiated in detail. At this stage, they are basically free of charge. However, after a certain point, preferential treatment will be provided for high value-added industries, but those with pollution and overcapacity will need to be charged more. This is also  Adjust the industrial structure through taxation.

    As for those engaged in real estate development, those who buy land in large quantities and then wait for the value to appreciate and speculate in real estate, this weapon can contain most of them.  If you get undeveloped land in your hands, the tax alone will make you cry. The longer it cannot be sold, the more you will lose.  The larger the real estate developer, the greater the pressure.  This can be regarded as a disguised increase in the entry threshold for real estate. Although it hurts for people like Li Chaoren, they may not be deterred, but it is difficult for those with small capital to bear the risk.

    In the future, Qi Yiming will be the main real estate force naturalized in China, mainly focusing on urban small affordable housing and low-rent housing. These two types of properties will receive relatively large discounts. In order to obtain preferential tax and land policies, real estate developers  Most of the pricing power, autonomy and management power must be handed over to relevant government departments.  These houses will mainly be provided to middle-class or lower-middle-class citizens.

    There will definitely be tricks of power-money transactions here. In order to avoid power rent-seeking, this will become a key supervision area for the Discipline Inspection Commission and audit.

    By doing this before commercial housing is put on the road, I still hope to make the real estate industry more standardized and institutionalized.  Real estate is a good thing, and you can make a lot of money quickly, but it is particularly prone to bubbles.  Moreover, this industry will seriously drag down the bank's capital chain. Whether it is home buyers or developers, a large amount of cash flow will be frozen there, and the number of currency circulation will decrease, resulting in insufficient supply of false money in the market, and the central bank will  We have to copy money violently in order to promote investment, and if we catch up with some unscrupulous countries to print green paper and engage in QE, inflation is a sure thing.

    Qi Yiming is from the School of Economics and is very familiar with this set of things.  Real estate is what left-wing economists like him are most worried about and cannot give up, so strengthening control and supervision is a must.  The money of investors and home buyers is not tied up in real estate. Investors can enter the real industry, or even invest in finance. Cash flow is still abundant, and consumers can invest money in the shopping market and rely on domestic consumption to drive the economy.  The lessons learned from the past timeline are very clear. If we rely solely on investment and foreign trade, domestic demand is the absolute key to economic stability.

    Although Li Chaoren received unfavorable news, it was also very valuable to get the news from the political upper class half a year in advance. Furthermore, Qi Yiming promised to introduce several projects to him.

    "For Qi Yiming, people like Li Chaoren or Jacqueline are both targets of exploitation. They are not afraid of making money. When they make money, they actually leave social wealth to the Celestial Empire. Who makes more money is another matter.  He is not afraid of cultivating a few billionaires by relying on the mainland's huge market and space. The pie can grow bigger and bigger, and it is unrealistic to try to put everything into his own pot.

    Li Chaoren got some of the benefits, and he reciprocated the favor with Qi Yiming. He was willing to invest 40 million Hong Kong dollars to build a sales center for domestically produced cars on Hong Kong Island. Although Hong Kong is small, it has a population of several million and good purchasing power. For domestic cars,  For the industry, this is a relatively good signal.  Li Chaoren was willing to buy thousands of domestically produced cars in one go to repay Qi Yiming's favor.  If the car sells well and you make money, everyone benefits in the end.

    Qi Yiming also agrees with this concept of doing business. Only when everyone benefits from something can it be done happily for a long time. If you always think about being a one-man business and creating a monopoly, you will easily mess up a good thing.

    After seeing off Li Chaoren, Qi Yiming rushed to the entrance hall without stopping. There were several businesses here that he also needed to make decisions on.
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