Age of Dreams

Vol 2 Chapter 2719: Declining Hong Kong

In the morning, Xiao Qi, who had eaten breakfast, was also watching such Hong Kong news.

There is no doubt that people everywhere are always tolerant of their children.

Why should Hong Kong celebrities be treated more preferentially than ordinary people? This question is not that nobody asks, but it is not the mainstream of Hong Kong people at all.

The mainstream is that everyone admires the celebrities, but they are not so jealous. They only feel that they have the opportunity to buy the stock of the fairy guard.

This feeling is the same as the whole people attending a happy party.

In addition to this news, Xiao Qi saw a news after he saw the office real estate in Hong Kong. Due to the economic crisis, it suffered a substantial slowdown. Even many office buildings that have been leased out have also been rented out one after another. The contract was withdrawn, and there were many vacancies.

House rents in Hong Kong have always been among the best in the world.

Whether it is the rent of office buildings or the rent of business shops, the only streets that can be compared with the prosperous areas of Hong Kong are Oxford Street in London, Champs Elysées in Paris, Ginza in Tokyo, and Fifth Avenue in New York.

Even in a less prosperous place, the rent of a house in Hong Kong is so expensive that it can be compared with the prosperous areas of Beijing, Shanghai, Guangzhou and Shenzhen.

The problem is that Hong Kong has such a large population, and the average income is not higher than that of places such as London, Paris, Tokyo, and New York. Therefore, such an economic model is undoubtedly very deformed.

Hong Kong can only rely on the presence of tourists from all over the world, most importantly tourists from mainland China, to keep their high commercial rentals going; only relying on Hong Kong's many preferential policies in the mainland can attract many interested in mainland China. Foreign companies in a huge market have settled here, using it as their Asia-Pacific headquarters.

But it's different now.

Mainland China is becoming more and more open, and there is no need for Hong Kong as a springboard. On the contrary, because Hong Kong is very far from the capital and the east, decision-making is often a step slower.

In addition, Hong Kong’s rents, labor and other costs are totally outrageous, so over the years, at least 60% of the world’s top 500 companies have moved out of Hong Kong. Either go to the capital or go to Oriental City, which is also the reason for the decline in the rental of office buildings and shops in Hong Kong.

As for tourists, the past two years have been okay. Free travel has been open for so many years. Countless young people who cherish the memory of their childhood TVB and movies like to come to Hong Kong for a walk and take a look. Middle-aged and old people also want to visit this former colony and the Pearl of the Orient, so the tourist business is very important. The exuberant.

But this world was only known to Xiao Qi, a few years later. Those disgusting people in Hong Kong will rush out, and then behaviors directed at mainland tourists will continue to appear.

Although the Hong Kong government has refuted the rumor that the number of people traveling to Hong Kong has not decreased much, this is just a fig leaf for themselves. Those who travel to Hong Kong have dropped by at least 30%. In peak seasons, they have plummeted by 50%. Hong Kong's economy has worsened.

Well, these are all things to follow.

For now, Hong Kong’s economic weakness is not just due to this financial crisis. It is because Hong Kong has completely abandoned manufacturing and innovative industries over the past 10 or 20 years, and is only involved in the development of finance, port and real estate industries.

If we do a careful calculation, we will know how unreliable this Hong Kong decision is.

Let's talk about finance first.

The finance of any country is absolutely the top priority, and it is impossible for others to occupy it—Greece is on the verge of bankruptcy, and it has gritted its teeth and refused to open its financial system. This is a clear proof.

The negative example is South Korea. During the 1997 financial crisis, South Korea was forced to accept aid from the International Monetary Fund. As a result, the country's financial market was opened to the International Monetary Fund. Since then, South Korea's banking and financial industry has received the control of the International Monetary Fund, and has not got rid of it until 2013.

Therefore, among South Korean financial scholars in the past few years, among the "most humiliating behaviors in a hundred years", the country's finance has been controlled by the International Monetary Fund. It ranks second, second only to being occupied by Japan as a colony that year.

Hong Kong's financial industry is indeed developed. In a small place, there are hundreds of banks, large and small, which is extremely exaggerated in any place.

But where can they go?

The financial industry in Southeast Asia is all controlled by the Chinese, but they are also wary of Hong Kong. Even many banks in Hong Kong were established by them. How could it be possible to counterattack the locals in the past?

It’s even more impossible in mainland China. The four major banks built by China Agriculture and Industry are just like Big Macs, crushing all those who want to grab food from their mouths, even banks such as China Merchants, Transportation, Minsheng, etc. A rising star, but in terms of grade and scale, as well as the support of national policies, it is far from a grade.

Under the eye of such predators, even Hong Kong's largest HSBC Bank has not been able to break out in the Mainland, let alone your other small and medium-sized banks!

Therefore, Hong Kong's financial industry has no long-term development prospects at all.

Let me talk about the port industry in Hong Kong.

Yes, since the opening of Hong Kong as a port, the port industry has been the backbone of Hong Kong. Especially since the founding of the People’s Republic of China in 1949, the external demand of the entire 9.6 million square kilometers and 600 million people has fallen on Hong Kong like a piece of gold the size of Hong Kong. On the head of the person.

Since then, Hong Kong has jumped from a small port to a world-renowned super port, achieving its reputation as the Pearl of the Orient.

But it was only in the past. With the reform and opening up of China, Liancheng, Jinwei, Dongfang, Lingbo, Quanzhou, Yuezhou and other cities that have been excellent ports since ancient times have gradually opened up. Foreign trade has gradually become dominated by them, and these ports have become more prosperous.

The prosperity of inland coastal ports is naturally accompanied by the decline of Hong Kong ports.

If it weren't for Hong Kong's duty-free port, I am afraid that half of the Hong Kong port industry's current scale cannot be reached.

This is the case. In the next few years, Hong Kong’s port industry will continue to shrink, gradually reducing to the point of purchasing foreign goods for mainland tourists-as many as tens of thousands of Hong Kong tourists, it is just as convenient as ants moving. The people in the mainland have also made Hong Kong's port cargo useful.

Finally, let's talk about Hong Kong's real estate.

Because Hong Kong is only a small place with a population of 7 million, coupled with the rapid economic development in the past few decades, it has caused a continuous increase in housing prices. At least 20% of the people cannot afford to live in a house and can only live in the government. Public rental housing and low-rent housing provided.

The Hong Kong government is boasting that there are still more than 60% of the land available in the hands of the Hong Kong government, so there is no need to worry about insufficient land in Hong Kong in the next 100 years.

But you asked the Hong Kong government to release the land for a look?

It is guaranteed that housing prices in Hong Kong will plummet, and real estate developers will also go bankrupt. It is the people of Hong Kong who will benefit, but this will not benefit the government and businessmen!

Therefore, the Hong Kong government will certainly release land very rarely, and absolutely dare not release more land to stabilize housing prices. Therefore, real estate businessmen in Hong Kong can make so much money. Among the top ten richest people, almost all are rich in real estate.

Besides, Hong Kong real estate businessmen went north to the mainland to build houses. In the 1980s and 1990s, their skills and experience were indeed much better than those of the mainland. In addition, the mainland attached great importance to the introduction of Hong Kong business capital, so they were indeed prosperous. For a long time.

However, after the 21st century, housing demand in China has continued to expand, and local real estate businessmen have sprung up like bamboo shoots after a rain. They have a deeper relationship and are more in tune with officials and the people. They know the needs of local people. So under normal circumstances, they gradually squeezed out Hong Kong real estate companies.

After the development in 2010, Hong Kong's real estate developers basically accounted for a small share, and their prosperous days in the Mainland will never return, ushering in a new round of recession.

Under such circumstances, the foresighted Liu Datou went to the United Kingdom and made a lot of money in the United Kingdom, which is much better than the real estate businessmen who stay in Hong Kong and go to the mainland.

Taken together, Hong Kong’s finances, ports, and real estate are all destined to have no future, so this proves that Hong Kong’s development path is also unreliable, and the future will inevitably decline, and everyone will eventually be wiped out.

In fact, a place like Hong Kong originally had a promising future.

If they choose to do Asia’s Silicon Valley and high-tech value-added industries during the economic transformation in the 1980s, then based on the talents of Hong Kong at that time, they are fully capable of occupying the high-tech electronics market in Asia, which is definitely easier than the treasure island. Much~www.wuxiaspot.com~ Unfortunately, Hong Kong people have almost endless demand support from the Mainland at the time. When they can make a lot of money by reselling at will, how can they calm down to do scientific research and development, and the real economy? ?

Speaking of it, this is the best portrayal of being born in sorrow and dying in happiness!

Of course, it does not mean that Hong Kong people can no longer survive, and Hong Kong will become a backwater.

Hong Kong has the support of the capital. If it is well built in the future to become a port distribution center for Southeast Asia, their development is still good.

Coupled with the impact of duty-free ports on the Guangdong and Guangxi areas, they can at least maintain a relatively good life. ——It is impossible for the mainland government to engage in a zero-tariff port like Hong Kong!

Moreover, for the daily needs of more than 7 million people, there is still a very good consumer market. At least the TVB, Watsons, and Hong Kong subway that Xiao Qi chose for his wives must be industries that are developing smoothly.

This is enough for Xiao Qi. Let Hong Kong people worry about their troubles! (To be continued.)