We are all reborn, who wants to be the richest man?

Chapter 323: Take heart
Later generations have said that the cost of living on Hong Kong Island is high. Why is it so high?

Because Hong Kong Island is a free port, basically all imported goods have low or no tariffs.

For example, electronic products, cars, etc., so there is a Hong Kong version.

The high cost of living on Hong Kong Island is basically reflected in several aspects.

The first is education expenditure. Hong Kong Island families are the most willing to spend money on education.

Although public education in Hong Kong is free of tuition before university and only requires textbook fees, parents will sign their children up for various interest classes.

In terms of education, Hong Kong people are very willing to invest in their children and have long occupied the top three positions in the world.

The second is transportation. The main reason here is that the transportation facilities built by the MTR are too expensive. If the government does not subsidize them, transportation costs will naturally be high.

However, compared with some developed countries in Europe and the United States, transportation costs on Hong Kong Island are relatively normal, and overall they are at an above-average level.

The third thing is food. Meat in Hong Kong is very cheap, but vegetables and fruits are ridiculously expensive.

At the most outrageous time, a watermelon could be sold for a thousand yuan, but of course this is not the case now.

The same goes for vegetables. The area available for growing vegetables on Hong Kong Island is very small, and internal supply only accounts for less than 3% of Hong Kong Island’s total demand. Therefore, all ingredients must be imported.

Compared with meat, which is easy to preserve and store, the preservation of fruits and vegetables is not that simple.

Therefore, for the same barbecued pork rice on Hong Kong Island, the cheaper version will definitely have more meat and no vegetables, while the more expensive version will have a combination of meat and vegetables.

In Hong Kong, those who can eat vegetarian food are rich people, at least they don’t have to worry about food and clothing.

Isn’t Hong Kong Island a free port? In particular, fruits, vegetables and meats have low or zero tariffs and can be imported from neighboring countries.

There are a large number of agricultural exporting countries or regions surrounding Hong Kong Island. Why are the prices of food ingredients so expensive? Are they all made by vegetable vendors?

Really not. Most of the cost of living in Hong Kong Island is in the hands of real estate developers, and rent is also the most important expense in the cost of living in Hong Kong Island.

The rent of the store is high, so the price of food ingredients is naturally high.

This is why Hong Kong Islanders hate big real estate developers like Li Bancheng so much. This is why Luo Nianzhong is unwilling to directly enter residential real estate. All the reasons start with expensive rents.

For example, the price of oil in Hong Kong Island is very high.

There is no refinery on Hong Kong Island itself. Gasoline comes from Temasek and Rabbit, but the price of oil in Hong Kong is really not expensive. The price is only higher than the rent at the gas station.

There is another reason that also has an impact, that is, the gasoline on Hong Kong Island is 98, but the impact in this regard is not too big.

Why has Luo Nianzhong suppressed housing prices and developed new industries for so many years? It is suppressing the cost of living on Hong Kong Island.

The higher the income and the lower the cost of living, the higher the happiness index and the more attractive it is to talents.

In the previous life, the Hong Kong government had no choice. Real estate is one of the pillar industries of Hong Kong Island, and most of the Hong Kong government's income comes from land sales.

There is also the need to make sure it is done intentionally after the return, because real estate and finance are the most prone to bubbles, unlike industry, which has technology and assets, which creates a vicious cycle.

Things are different now. The service industry, high-tech industry, and financial industry have all developed ahead of schedule because of Luo Nianzhong.

This can greatly reduce the Hong Kong government's expectations for revenue from land sales. When land prices become cheaper, real estate prices will naturally be stable.

Coupled with Hong Kong Island's newly promulgated talent introduction policy and the large-scale development of the New Territories, Hong Kong Island's housing problem is far less tense than in previous generations. This is the fundamental interest of the Luo family or the Far East.

The current situation is that even if there are ideas, the British cannot suppress them. The technology industry has developed. If the Hong Kong government dares to deliberately increase land prices, Luo Nianzhong can make it impossible to sell a single piece of land.

The better the development of Hong Kong Island, the higher the happiness index and the greater the attraction of talents, the more beneficial it will be to the Luo family.

Therefore, no one hopes for the betterment of Hong Kong Island more than Luo Nianzhong. This is why the Luo family's Yunhua Charity Foundation has spared no effort to develop people's livelihood projects on Hong Kong Island over the years.

Schools, hospitals, and the Luo family are all making large donations.

In addition to the Hong Kong government, the Luo family also allocates part of the funds every year to pay for the welfare of these public officials, such as medical insurance subsidies. The insurance industry is developed in areas where capitalism is developed, and the top one is basically medical insurance.

Even though medical and physical therapy is basically free in these areas, you still have to queue up. Would you still go to the emergency room if you have a queue that lasts for a year?
Luo Nianzhong has always had ideas about the medical reform in Hong Kong Island, but these are not feasible yet. It will take at least ten or eight years to take action. The public hospitals built in the future will be the main force in the medical reform.

But these are things for later. What needs to be resolved first is the matter of Hong Kong University of Science and Technology.

“Business income on campus is a huge source of wealth, but it is by no means the main source of income.

What I mean is to take all these commercial operations back into the hands of the school, so that they can be rented to businesses at half-price rent."

The school's income will not be small, but only the campus's business management company's part will be small.

Besides, the Island University of Science and Technology in Hong Kong was indeed managed by Far East Properties at that time, but the construction funds were all provided by Luo Nianzhong himself.

Are you taking it for granted now that you want a white wolf to pick peaches with nothing?

Luo Nianzhong will definitely go to Niubijian to verify that this is what happened. If it is a private act of the New Territories Real Estate Management Company, are there other things involved?

"Another point is to re-sign an agreement with those merchants. The profit of any merchant doing business on campus cannot exceed 25%. This is my bottom line."

Chen Shubai had no reason to object to Luo Nianzhong's decision. No matter how he looked at it, it would be of great benefit to the school and he would definitely support it with both hands.

“Isn’t the holiday coming soon? Many students will not choose to go home due to financial constraints.

I will ask companies to recruit a group of temporary workers. Firstly, these students can make some money, and secondly, it can increase their social experience.

The most important thing is to make them have a good impression and a sense of belonging to the Far Eastern Department. This is very important.

Come up with a plan in the next few days and publicize it in the school."

Isn't the purpose of building this university to cultivate talents for the Luo family? Do you have any intention of accepting the testers from all over the world?

In the future, even if they cannot work in the Far Eastern Department, they will promote the goodness of the Far Eastern Department in other industries and cheer for the Luo family.

A large number of supermarkets, convenience stores, and catering industries under Watsons can recruit holiday workers.

It’s not a lot of money, but it’s better than nothing.

Working half a day every day will not delay your studies. If you want to make more money, you can just move to Luo Nianzhong. This is also a good life experience, isn't it?

"This is a very good idea. As far as I know, there are a large number of students in the school who are not financially well-off, probably hundreds of them.

This more than one month can greatly ease their living conditions in the next semester.

And what we advocate is practical education. Although it does not match the major they learned, many things in the business are similar.

I will take this matter seriously and will have a meeting to discuss it in the afternoon. Our school can rent buses to pick up and drop off these students at scheduled times every day."

Chen Shubai is really glad that he accepted Luo Nianzhong’s invitation to become the president of Hong Kong Island University of Science and Technology.

Let’s not talk about the various software and hardware conditions. For Luo Nianzhong, who is always concerned about the students of Hong Kong University of Science and Technology, no matter how big or small the matter is, this matter is not the focus of those top universities.

They will pay attention to some of the students' problems, but they will never get into trouble and harm their own interests over something as trivial as students' meals.

Chen Shubai admired Luo Nianzhong very much for what he did for Hong Kong University of Science and Technology, and also respected him for his emphasis on education.

Luo Nianzhong is also satisfied with Chen Shubai as the principal, who considers problems carefully and pragmatically.

Tuen Mun, where Hong Kong University of Science and Technology is located, is far away from the prosperous Kowloon and other places on Hong Kong Island, and transportation is inconvenient.

He had just ignored the traffic problem, but Chen Shubai directly raised it and gave corresponding countermeasures.

(End of this chapter)