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Text Chapter 327 The cheating exchange rate in the 1980s

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    If according to Li Mingbao's calculation, the premium for one acre of land is 20%, that would be an extra two thousand US dollars for one acre of land, which is not a small sum.  So after seeing the price, Minister Zhao had no complaints at all.  If we really want to implement this matter, which department will not agree?  If anyone doesn't agree, it's not like the Ministry of Foreign Trade and Economic Cooperation doesn't have land in the second ring road, it's just 45 acres of land, and it's no problem for them to eat it. Even Minister Zhao at this time has directly settled this issue.  When it comes to their foreign trade department, with such a high compensation, maybe their foreign trade department can take advantage of the hotel in the future.  ¡° Next, for several days, Li Mingbao and the others were talking with Minister Zhao, including the construction of the hotel and the land issue, one by one in detail.  In the end, a preliminary agreement between the two parties was basically reached.  The first intention reached was about the name of the hotel.  Originally, Li Mingbao wanted to plagiarize the mainland name of the Sheraton Hotel, but he did not expect that Sheraton has a long history of development in the mainland and will be able to open in the mainland in two months.  When he heard the news, Li Mingbao was quite uneasy, damn it.  I thought that when it came to opening a hotel, only I could figure it out first and seize the market first, regardless of the issue of equity. Anyway, according to the degree of openness in mainland China, equity recovery would only be a simple matter.  ¡°But Li Mingbao didn¡¯t expect that Sheraton would land on the mainland much earlier than he thought. Damn it, you will be opening in two months.  Let me stop you, where is your pride as a foreign investor?  How awesome are you as a foreign investor?  Do you still need moral integrity?  How can people like us get along?  While Li Mingbao is dissatisfied with Sheraton, he is also very resentful towards the mainland. The Sheraton hotel is about to open, and you are still telling me that the mainland market is more dangerous?  Doesn¡¯t this make it clear that Sheraton wants to seize the market first?  As Hong Kong investment, is it inferior to real foreign investment?  What's the point?  So after knowing that the mainland already had the evil wolf Sheraton, how could Li Mingbao wait any longer? He immediately thought of another name, Four Seasons Hotel. Similarly, the name of this hotel was also plagiarized.  Although it is plagiarism, Four Seasons Hotel has not even opened its own hotel in Hong Kong these days, so if the Chinese name Li Mingbao is copied, it is just copied. It is not a big deal and does not involve copyright issues. As for the real Four Seasons in the future  What name does a hotel use when opening a hotel in the Chinese District? It has nothing to do with Li Mingbao. I used the name more than ten years before you did. How can you still bring a lawsuit against me?  Regarding the positioning of the hotel, Li Mingbao naturally cannot make it as high-end as the real Four Seasons Hotel. Li Mingbao is not as exaggerated as the wealthy people who use antique cultural relics of foreign celebrities for the interior of the hotel. At worst, taking advantage of the current low price of Chinese cultural relics  When the time comes, buy some good things and display them in the best room when the time comes.  As for selling this hotel back abroad, that is really a long way to go. At least Li Mingbao doesn't have time to play such a game. As for whether his eldest brother has such an idea, Li Mingbao has no control over it. Anyway, Li Mingbao's main business is not in  In this regard, whether the hotel is good or bad in the future has little to do with Li Mingbao himself.  Li Mingbao¡¯s mood became a little more urgent after he understood that even in the hotel industry in mainland China, he was not alone in his success.  Fortunately, at this time, Sheraton only has one hotel in Yanjing in mainland China. Compared with Li Mingbao's large-scale investment, it seems not so aggressive. If Sheraton was like Li Mingbao, it was prepared to occupy major hotels in mainland China from the beginning.  Only in the city's market would Li Mingbao be really anxious.  After all, although mainland China is not so particular these days, the Sheraton brand is much louder than that of Li Mingbao, a half-way monk.  Li Mingbao's business experience cannot be matched by just recruiting two people. If he really competes with them, the Li family will most likely suffer in the end. After all, the Li family is only a Hong Kong businessman, while the Sheraton Hotel is a real foreign businessman.  ??Here in mainland China, even if they are outside investors, they all have the title of foreign businessman.  But in fact, foreign businessmen are divided into three levels.  Foreign businessmen from North America and Europe are truly the top foreign businessmen. Even if they do not invest much, they still have the strongest political influence.  ¡°As for Japanese businessmen, they can be considered second-rate foreign businessmen.  After second-rate foreign businessmen like Japan, there are businessmen from Hong Kong, Macao, Taiwan, Southeast Asia or some other regions.  It can only be regarded as the ninth level, not the top.  At best, the Li family can only be regarded as Hong Kong businessmen, and even the identity of Hong Kong businessmen must be discounted. After all, the Li family cannot be regarded as pure Hong Kong businessmen. People in the Li family still have political identities in the mainland.  They can be considered half of our own people. It is impossible for the mainland to treat the Li family like real Hong Kong businessmen.    The identity of the Li family in mainland China is mixed, good and bad.  The good thing is that the mainland does not regard the Li family as outsiders. There are many industries that are difficult for outsiders to enter. If the Li family wants to get involved, as long as they have enough capital, the conditions for the Li family to enter are slightly less than those for state-owned enterprises.  There is a slight advantage, but compared to pure Hong Kong companies, it is much better.  But the bad thing is that the mainland does not completely regard the Li family as outsiders. Under such conditions, the mainland will easily assign some mainland political tasks to the Li family, which can be regarded as semi-official things. This is like  Like those semi-official enterprises in mainland China in later generations, they do not have the name of state-owned enterprises. In fact, they are still doing things of state-owned enterprises. The government also supports their undertakings, and many times even look at corporate issues according to political ideas.  With mixed results, how to grasp this degree is a question that Li Mingbao should consider.  It's just that Li Mingbao doesn't need to worry about these things now, because the mainland is still a little unfamiliar with the current Li family. Only after they get used to each other, will there be any further action. As for now, it's still business.  is better.  Determining the name of the hotel is only the simplest question, and the subsequent questions are the troublesome ones.  The first one is about hotel investment, that is, how to convert Li Mingbao's HK$100 million investment.  This is definitely a very troublesome problem.  If it is the official mainland price, one RMB can be exchanged for three Hong Kong dollars.  Li Mingbao's investment of 100 million Hong Kong dollars has to be calculated based on the official price. In the end, the investment amount in the mainland is only more than 33 million yuan, while the mainland can use 35 million yuan in supplies.  Complete the joint venture.  Such an exchange rate, let alone now, even thirty years later, will not bully people like this. Thirty years later, the RMB to Hong Kong dollar will be one dollar for seven or eight dollars.  At that time, the RMB was truly directly redeemable in many countries.  And now the RMB is definitely a weak currency internationally.  What is a weak currency?  That is, if you take RMB abroad, few countries will recognize such a currency. To put it simply, if you want to use RMB to buy cigarettes outside, you won¡¯t be able to buy them.  However, the Hong Kong dollar in this year and month can be directly exchanged with the US dollar. Although the price is a bit different, it can now be exchanged for ten Hong Kong dollars or more for one US dollar on the black market, but at least it can be exchanged. Unlike the RMB, there is no chance of exchange.  .  With such a currency, let alone one to three, even one to one is still a loss-making transaction for the Hong Kong dollar.  If the small amount of Hong Kong dollars moves according to the official price, it is not a big deal to suffer a small loss.  But for a large investment like Li Mingbao, 100 million Hong Kong dollars can only be exchanged for more than 30 million yuan. The loss in exchange rate alone accounts for two-thirds, which is faster than robbing money.  But this is the official exchange rate of the mainland. One is one, and two is two. Since you invest in the mainland, you must abide by the rules on the mainland.  Even if the money is directly swallowed up by the exchange rate, you can't cause trouble on the exchange rate. You can only recover the losses from other places.  It was at this time that Li Mingbao understood why as long as foreign businessmen invest in the mainland, they are basically exempt from tax for a few years, and half tax after that. After investment, there are countless advantages, such as three connections and one leveling.  , foreign businessmen don¡¯t need to consider it at all, it is all run by the mainland, and foreign businessmen have no involvement at all. Such favorable conditions have turned the mainland¡¯s state-owned enterprises into stepmothers.  The reason why the mainland has such conditions, in the current view of Li Mingbao, is simply because the mainland's exchange rate is so bad that the mainland itself is embarrassed, and the exchange rate problem is not easy to change.  Only later did we come up with this off-site compensation model, which is other external conditions.  Don¡¯t think that mainland officials are completely oriented towards investors. Even state-owned enterprises do not receive such treatment. In Li Mingbao¡¯s view, the truth is that foreign investment has been severely punished when it entered the mainland market.  You can't make up for it in other aspects. After foreign businessmen enter the mainland, they really don't have much advantage in making money. Over time, foreign businessmen will no longer invest in the mainland. Who wants to do a business that is clearly a loss?  That's why we have such a compensation plan, which makes foreign businessmen feel a little more balanced.  This practice has continued since then, but foreign businessmen have made another trick on this basis.  That is, the initial investment will be made in foreign exchange, and subsequent investments will be paid entirely in RMB. If you suffer a loss once, you will no longer suffer losses in the exchange rate.  Or in the future, foreign investors will directly use RMB to invest in mainland China.  As for how these foreign businessmen came to get the RMB, it is even simpler. They invest the money they earn directly in the mainland, or exchange it in a small area within the foreign business circle at an exchange rate they think is appropriate. Anyway, the money earned by foreign businessmen in the mainland  , are all people??.  This thing cannot be used abroad. Only by converting it into currency or goods can they really make money, instead of using RMB that is useless abroad.  Perhaps it was because the market became so big that the exchange rate could not be changed without changing it, so the RMB exchange rate plummeted in the 1990s.  Because if the exchange rate of RMB does not plummet, the exchange of RMB between foreign businessmen will directly affect the actual exchange rate of RMB.
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