Although meeting Li Mingbao is not a big trouble, at most it will only make him sick, but if he can avoid making people sick, then it is best not to make him sick. If you have to find yourself uncomfortable, Li Mingbao is not that kind of self-abuse person. Li Mingbao is very happy to have someone stop the disaster. Although he will lose a lot of money this way, money is just a bunch of data to a certain extent and is really not of much use. With the theater chain, is Li Mingbao still afraid of not having money? It doesn't matter if you divide some of it. Originally, joint ventures were the most basic requirement for cooperation between mainland China and foreign businessmen. Li Mingbao didn¡¯t have any doubts about this issue at all. But after being in contact with the mainland for a long time, Li Mingbao also understands a truth, that is, the current mainland is very short of money. Not only the lack of foreign exchange, but also the shortage of RMB. After all, although the RMB is a credit currency, it is also a currency after all. It cannot It is said that you can pay as much as you want. If you really want to do that, it will have the same virtue as the Ming Dynasty's treasure notes. If more than one billion yuan is spent on some key projects and industries, the mainland will never frown. But the key lies in the film industry. The mainland really does not have that much money to support it now, even if it is a joint venture. Li Mingbao doesn¡¯t think mainland China can really jointly invest in such a project. If it were just a theater project, the mainland would just bite the bullet and the joint venture would be over. At most, it would pay a few hundred million yuan and then get 51% of the shares. In that case, the mainland would be able to take over the joint venture. alright. But the problem is that the project that Li Mingbao wants to cooperate with the mainland is not only a project for a theater chain, but also a project for a film and television city. Compared with the project for the film and television city, the difference between the project for the theater chain is as small as that of a big one. For the sake of joint venture, mainland China will not only have to spend at least 600 million yuan on theater chains, but when we talk about the film and television city project later, won't it cost more? According to Li Mingbao¡¯s calculations, the film and television city will cost at least one billion U.S. dollars. So if the mainland wants to get absolute equity, they will have to spend at least more than 2 billion yuan. Only in this way can the purpose of holding a controlling stake be achieved, but even so, Li Mingbao does not think that mainland China can really control the film and television city with more than 2 billion yuan. Don¡¯t forget, it will take at least five years for the film and television city project to begin to take shape, and ten years will be the initial improvement. The mainland doesn¡¯t know the RMB exchange rate in five or ten years. Doesn¡¯t Li Mingbao still know? At that time, the exchange rate between the US dollar and the RMB will be one to eight. This has to be the official price. On the black market, it is not uncommon for twenty RMB to be exchanged for one US dollar. At that time, if mainland China wanted to achieve the purpose of holding a controlling stake, it could not be done with just more than 2 billion yuan, but at least more than 8 billion yuan. Such a large amount of money, even because of the construction period, would be less. It's a lot of money to lose, but Li Mingbao also believes that with a shortfall of 4 billion yuan, it will be difficult for the mainland to achieve its goals. With so much money to be invested in the film industry, the mainland's plans will be completely messed up. Under such circumstances, Li Mingbao feels that there is a high chance that the mainland will make an exception and let Li Mingbao be the sole proprietor of these investments, and the mainland will not interfere at all. Although this will obviously break the rules of the mainland, but rules are something like this. Aren¡¯t the people above having the final say? The film industry originally existed to make money, but now it keeps pouring money into this industry. This is definitely a loss-making business. If the mainland is so determined to enter into joint ventures for the sake of joint ventures, they might as well take the money. If we directly develop the mainland's film industry, the results may be better. After Li Mingbao said that, his mind was spinning very fast. After hearing what Li Mingbao said, Lao Wang immediately understood what Li Mingbao wanted to express. To be honest, Lao Wang also found it difficult to deal with this matter beforehand. Li Mingbao¡¯s investment is also a very important event for the current mainland, and it is not uncommon for such a good-tempered investor to be like Li Mingbao. . Being able to collect so much foreign exchange so happily is a good thing. We should hold a celebration party. But this matter can be said to be success or failure. Li Mingbao's large investment certainly made the mainland smile, but considering the mainland's current policy towards foreign investment, it would have been a happy event, but everyone should not be too happy. Yes, Li Mingbao¡¯s worries are also the worries of the mainland. To be honest, although regulations allowing foreign businesses to invest solely in mainland China were only implemented in 1986. But that doesn't mean that the top management on the mainland did not think of this issue until 1986. In fact, everyone had discussed this issue at the beginning of the reform and opening up, but the conditions were not yet ready at that time. mature, so the mainland does not allow foreign businessmen to establish sole proprietorships in the mainland. Now, in fact, the conditions are not yet mature, but now mainland China has encountered such a problem and Li Mingbao is not allowed to invest.? Not only did it hurt Li Mingbao¡¯s feelings, but it also caused the mainland to lose at least one billion U.S. dollars in foreign exchange. Such a huge amount of funds, no one bothered to use policy issues, and blocked the funds at the door of the mainland. In addition, because no leader who can speak out knows that mainland China will open up its regulations on sole proprietorships sooner or later. Under such circumstances, whoever rejects Li Mingbao¡¯s investment now will be the first to bear the responsibility when the regulations are opened. Such a responsibility, not to mention that it can win back Li Mingbao's heart, but at least you have to make up for your mistakes. You have to get back more than one billion US dollars, otherwise your position will not be so stable. Therefore, all sensible people know this, and no one can refuse it. Since you can't refuse, you must break the rules. Although the rules are originally set by the bosses above, if the rules are broken casually, it is not good news for the bosses above, because it will affect the authority of the bosses. So the rules can be broken, but they cannot be broken casually. Therefore, no one of the bosses above wants to take the initiative to break the rules. Those are the rules that you challenge yourself to make. Whether you succeed or fail, it is all for you. damage. But this world is, after all, a world of interests. As long as the interests are great to a certain extent, the rules can no longer be called rules, and it is no big deal if they are broken. Obviously, Li Mingbao's investment is more important to the current mainland than the rules, so at the end of the discussion, the bosses above also proposed that rules, if they are broken casually, it is not good, but if they are not broken, they will be afraid. If investment is lost, then we will make a special case. Although the rules are also broken, breaking such rules will not be extended, and the damage will be the least. With these words of the boss, Li Mingbao's investments immediately went beyond the rules and became a specific existence. Foreign investors are not allowed to be wholly owned. This rule has not been broken, but if there are other foreign investors, Li Mingbao will also With such a large investment, it is inevitable to break the rules again. When there are more such things, there will not be much resistance to changing the rules. "Lao Wang, as for Lao Wang, had received such news before he came to negotiate with Li Mingbao, so he could have a clear answer to Li Mingbao's words at this time, but Lao Wang still wanted to fight for it at this time. So after hearing what Li Mingbao said, Lao Wang said: "Boss Li's two projects naturally have to be handled in accordance with the rules. Whether they are theater chains or film and television cities, they must be joint ventures in mainland China. " As soon as Lao Wang said this, Li Mingbao asked in surprise: "I don't have much doubt about the joint venture. After all, several of my previous projects were within the scope of joint ventures. But the construction of theaters and film and television. City project, if these two projects form a joint venture, it would be a bit troublesome, right? Doesn¡¯t the mainland provide very little support to the film industry? If we join a joint venture with these two projects, the mainland will probably have to invest a lot. For example, can I invest so much money in the film industry at once? Of course, I am not looking down on the mainland. The main reason is that there are so many industries that need to be built in the mainland, and there are more important industries. The film industry, For the current mainland, it is far from time to provide strong support. Will the mainland change this situation for me? "It is not possible to change, but this joint venture is a rule we have set. Since the rules have been set and have been in operation for many years, it is impossible to break this situation arbitrarily. What I mean is that this joint venture must be a joint venture, but in this regard, our country mainly produces land, materials and manpower. , Boss Li only needs to provide funds for these two projects," Lao Wang said with a smile. Hearing what Lao Wang said, Li Mingbao sneered: "Lao Wang, you are not particular about this. If I were a novice investment in mainland China, I would be able to be fooled by you. But at least I have a cooperative project now. I also have a certain understanding of the manpower and material resources on the mainland. If we do what you said, how much of the shares can the mainland hold? It will definitely not reach 51% of the shares without paying. . With those things, it is quite good to own 10% of the shares. I am happy with this kind of joint venture. Would the mainland be happy? Land and other things are very valuable in Hong Kong, but in the mainland, it seems that land is still very valuable. Is it a laissez-faire situation? Even if the land is in the capital, the price cannot be said to be high. Besides, I am building a movie theater, not a supermarket. No matter how high the land price is, I won¡¯t be able to use much land. It seems that when our foreign investors invest in China, the price of the land is not considered a price, right? It¡¯s just a token payment. As for labor and materials, not to mention, these are bargains. If it¡¯s my investment. It¡¯s a small investment, and it may occupy a lot of money.?? ratio, but my investments are all big investments. This small amount of resources put on my investment really doesn¡¯t take up much of the share. Joint ventures also have to pay attention to reciprocity. As you said, ours In a joint venture, where is the reciprocity? I'm not opposed to joint ventures, but a joint venture like yours with nothing to gain is probably not that appropriate, right? "