Li Mingbao's words directly hit Zheng Wenyun's weakness. Although mainland China is currently engaged in reform and opening up, the results are not too obvious. The most important reason is actually that the mainland does not allow foreign capital to establish wholly-owned enterprises in the mainland. For any enterprise, even if you open a public toilet, it must be a joint venture. Otherwise, it will be useless no matter how much you invest. If it is a normal joint venture, for example, if equity is not required, when everyone makes money, foreign investors will not say anything. But the problem is that the mainland wants 51% of the equity, which is very uncomfortable. What does 51% of the equity represent? This means that as long as the mainland is dissatisfied, there is no problem in kicking out foreign capital directly. Who said they hold an absolute share? Even if you look at it, it is one percentage point more than the foreign capital's shares, but this percentage point is actually a natural chasm. Although foreign investors want to make money, they don¡¯t want their money to be swallowed up inexplicably in mainland China, and then not much of the bones and dregs are left. That's not called making money, it's called giving money. You won't get a single benefit from it. How can such an investment environment be called ideal? Are you kidding me? But it is obviously not Zheng Wenyun¡¯s place to discuss high-level decisions, so Zheng Wenyun doesn¡¯t know how to explain Li Mingbao¡¯s words. "The issue of shares is actually not very important. After all, hasn't our country also opened up the right to operate? As long as it is managed well, the number of shares does not actually matter. The mainland market is very big, even if it is The shares are smaller, but it¡¯s easier than making money in Hong Kong,¡± Zheng Wenyun said with a smile. "Yes, the mainland market is indeed huge. I am also very greedy. If it were not for the issue of shares, I might have the intention to invest in the mainland now. But the issue with the shares is that they are too big, and I am also afraid of my own The investment is in vain. Although the management rights are good, under the absolute control of Mainland China, the management rights are not important. As long as you are unhappy, this management right can actually be removed at any time. This gives me a sense of security. None. And you have more equity than we do, and you make more money than us. Besides, the proportion of investment is very difficult to allocate if you invest too much. If we provide corresponding assets to occupy absolute control, there will be no guarantee that nothing will happen. If we provide less money, it will not make much sense to our family. We already have a small number of people, and we still need to allocate them. If a group of people go to the mainland to do management, the cost disadvantage is too great, and the investment and income are not proportional," Li Mingbao said seriously. "How can there be such a thing as a waste of money? How much you invest will be proportionate to our country's investment. Such major investment matters will be taken seriously by the higher authorities. If there is a waste of money, do we still have international influence? Xiaowu, you This idea is very dangerous, how can the country take advantage of individuals?" Zheng Wenyun said with dignity. "That's it, then if we invest 100 million Hong Kong dollars, can you immediately invest more than 100 million Hong Kong dollars?" Li Mingbao said with a hint of fun. "One hundred million Hong Kong dollars? What do you want to invest in?" Zheng Wenyun was shocked when he heard Li Mingbao's words. If it is really 100 million Hong Kong dollars, it is definitely one of the largest investments received in mainland China. With such a large sum of money, whatever direction Li Mingbao invests will bring about a large-scale development in the country. "Hotel, since our family has a restaurant and my dad doesn't mind investing, let's invest in the hotel. The initial investment is only so much, and any further investment later depends on the situation." Li Mingbao said with a smile. "Hotel? 100 million Hong Kong dollars to invest in a hotel? Does a hotel require so much investment?" Hearing that Li Mingbao was going to open a hotel, Zheng Wenyun's brain immediately ran out of money. 100 million Hong Kong dollars was not a small amount, although The issue of exchange rate in mainland China is very misleading. The current exchange rate of Hong Kong dollar is much less than that of RMB. One Hong Kong dollar is definitely not worth one RMB. Of course, this is the effect achieved on the mainland's exchange rate, but in fact, 100 million Hong Kong dollars is much stronger than the RMB internationally. With so much money, it would be a huge amount for any industry, but Li Mingbao decided to open a hotel. If it were like what Li Mingbao said, mainland China really wouldn't be able to devote too many resources to joint ventures. After all, prices in the mainland are now very low, and land is not valuable. In the years when the second ring road of Yanjing was considered a suburb, and the third ring road was even a rural area, you can see how valuable the land in the mainland is. The biggest investment in opening a hotel is basically the land, followed by the construction cost. In mainland China now, the cost of construction is definitely much higher than the cost of land. Even with the construction cost, if you want to achieve the absolute holding required by the mainland, you don't know how extravagant the hotel will be to build. At least Zheng Wenyun can't imagine that such a hotel will be built. Who will have the money to live in it. And Li Mingbao¡¯s words don¡¯t stop there, saying that the effectFortunately, you can also increase investment. Considering Li Mingbao's wealthy status, he really has the strength to invest more. But Li Mingbao is going to make additional investment, which is not good news for the mainland, because the more Li Mingbao invests, the mainland will have to use more resources to make up for the gap in shares. If Li Mingbao invests one yuan, the mainland will have to invest more than one yuan. , if such investment is placed in other industries, mainland China may agree. However, investing in consumer goods such as hotels will not stimulate the economy and will not provide any advanced technology. Mainland China may not agree to such investment. Even if it is Li Mingbao¡¯s first investment, the mainland may not agree. One hundred million Hong Kong dollars is used to build a hotel. Mainland China does not yet have such luxury. Therefore, although Li Mingbao's words sound good, Zheng Wenyun knows that with such an investment, even if Li Mingbao agrees, the mainland may not agree. It can even be said that Li Mingbao may not have the idea of ????agreeing. He said these things just to shut his mouth. . Zheng Wenyun¡¯s mind moves very fast, and he can think of so many things in the blink of an eye, but Li Mingbao doesn¡¯t know what Zheng Wenyun is thinking about. He heard Zheng Wenyun say that investing 100 million Hong Kong dollars in a hotel is too exaggerated. Li Mingbao immediately retorted: "Why can't it be used? As long as the hotel is of a slightly higher grade and turned into a five-star hotel, the investment of 100 million Hong Kong dollars can be easily used up. Besides, one hotel can't use it all. You can also open other hotels and form a hotel chain. HK$100 million may not be enough to build a hotel in a big city. "But with so many hotels open, how can you make money with the current per capita consumption level in mainland China?" It's still very low. Who can afford to stay in a hotel like this? Your hotel plan is simply unrealistic." Zheng Wenyun said angrily. Hearing Zheng Wenyun's rebuttal, Li Mingbao said meaningfully: "It is true that ordinary people cannot afford to live in this kind of hotel, but it does not mean that no one in the mainland can afford to live in such a hotel. After all, the mainland has such a large population, with a population of 900 million, even if it is If one in 10,000 can afford to stay in a hotel, then one in 10,000 can afford it, but one in 100,000 can do it. Besides, I open a hotel in China. In big cities. There are always people who can afford to stay in hotels in mainland China, so it just depends on how much you earn. " At this point, Li Mingbao couldn't help but think about it. This plan was fully implemented. Although Li Mingbao initially proposed the concept of a hotel, he had no intention of actually opening a hotel in mainland China. After all, the 51% red line of shares made Li Mingbao scratch his head. Even if the hotel is opened, the management rights still belong to him, but until the end of the day, the majority of the profits are still made by the mainland officials, no matter how hard he thinks, he will be unhappy. But then Li Mingbao thought about it, if he could really open a hotel in mainland China now and open it as a chain, it might be a good idea. After all, it is not only Li Mingbao who is frightened by the 51% red line, but others are also frightened by this red line. Therefore, so far, there are no real hotel tycoons in the mainland who are interested in the conditions in the mainland. Only open cities like Shenzhen have a limited number of so-called hotels. And the owners of these hotels are actually not big players in Hong Kong. If they really wanted to be strong, they would not think of opening hotels in mainland China. But if we wait until the red lines in mainland China are opened and foreign investors can build hotels as sole proprietors, then it may not be Li Mingbao¡¯s turn to open a chain. There are many big names abroad who are building hotels in mainland China. At that time, whether it is capital or connections, the Li family and those Even if you try to catch up, you won't be able to catch up. If you wait until then to enter the market, you will make less money. But if you enter now, although there is a 51% red line, it does not mean that this red line must not be changed. After all, mainland China will approve the establishment of wholly foreign-owned enterprises in a few years, in 2086. At that time, it is not impossible for his hotel to make certain adjustments. If he takes the controlling stake, he will actually have the final say. Li Mingbao can even retain some limited capital from the mainland and dress up his hotel to a certain extent. Domestic capital, so that domestic people will be more or less affected when they choose, is actually more advantageous than those who are sole proprietorships. After all, in the hotel industry, no matter what country you are in, government consumption is a large part of your income. If the company has domestic capital connections that allow them to divert resources, Li Mingbao's hotel will definitely have unimpeded access in the country, and it will have more advantages than pure foreign capital. So after saying what he just said, Li Mingbao was really moved. You know, what Li Mingbao lacks now is not funds, but projects that can make money. If other film companies are still afraid of problems with their own film investment, they will reserve some funds for the development of films.Above, Li Mingbao has no such worries. The movies he wants to make are all movies that have proven successful in history. In addition, the investment and output of making movies are completely disproportionate. All his money will go moldy in the bank, and he will definitely be the second-largest investor.