Rebirth of Hong Kong Island, leading the technology war

Chapter 144: Meeting speech, shocking everyone

Hu Wenxin looked at the participants, some of whom were looking down, some looking up, some whispering, and looking at each other. He felt helpless.

During the last high-level meeting of the China United Group, Hu Wenxin brought up this matter and asked everyone to go back and do more homework and research more about the mainland’s industries and specific companies in order to prepare for this discussion.

Looking at these people, it doesn’t look like they have done any homework. They probably didn’t even think about it when they went back.

However, Hu Wenxin cannot be too demanding on these people. Not to mention them, he, Hu Wenxin himself, is not much stronger.

Hong Kong Island is indeed very close to the mainland, right next to it, but distance does not mean everything.

In the past few decades, people in Hong Kong have always had a sense of superiority, thinking that there are no decent companies coming out of the mainland and that large-scale companies generally have to be state-owned.

People in Hong Kong also feel that even if the mainland occasionally has some impressive enterprises, they will be vulnerable if put on the international stage.

Hu Yingxiang has always been optimistic about the mainland, but Hu Wenxin is different. He also holds the same idea, so he has no understanding of mainland companies at all.

Recently, Hu Wenxin wants to change his route and start paying attention to mainland companies.

In addition, the board of directors of China United Group also tends to invest heavily in the mainland.

Hu Wenxin then realized that he had no idea at all and didn't know where to start.

This corporate forum held in Sanguan City, Nanhai is an opportunity, which is why Hu Wenxin attaches so much importance to it.

If Hu Wenxin hadn't been tied up with something else, he would definitely have led the team himself.

Hu Wenxin looked at Xing Limin and said, "Boss Xing, please speak first."

Xing Limin coughed lightly and began to speak.

"Everyone, I have been thinking about our investment direction recently. I think science and technology should be the key investment area. I have also asked my friends in the mainland. The central government has also invested a lot in this field, which has the most prospects."

"There is also the electronic game industry, which is also very popular now, especially mobile games, which have considerable turnover and revenue."

Hu Wenxin asked: "Boss Xing, which companies do you think are most worthy of investment?"

"This one……"

Xing Limin thought for a moment and said, "I think Jingxi Group, Meituan, Duoduo Mall, and Penguin Games can all be investment targets."

Hu Wenxin nodded and said, "What Mr. Xing said makes sense."

Hu Jiangshan glanced at Xing Liming and felt that what he said was a bit outrageous.

Forget about Jingxi Group, it still has a component of technological research and development.

Meituan and Duoduo Mall have little to do with technology; they are pure e-commerce.

As for the gaming industry, it is now 2018 and it is indeed very prosperous. Mobile games have entered their golden age and revenue has repeatedly set new records, but the prospects are not bright.

No wonder people say that people in Hong Kong don’t understand the mainland at all. It seems that they really don’t understand it, and there is still a big deviation in their cognition.

Hu Jiangshan lowered his head and flipped through the materials in his hand again.

It turns out that there are several documents in total. The one Hu Jiangshan just flipped through is the summary of manufacturing companies, and there are others such as the Internet and software.

However, Xing Limin started the conversation, and others followed suit.

To be honest, his level is about the same as Xing Limin, or even worse. Hu Jiangshan couldn't stand it anymore.

At this time, Hu Fanghe began to speak.

“I think we should focus on investing in the semiconductor sector.”

Hu Wenxin showed a look of surprise, finally hearing a new statement.

"Oh? Can you tell me in detail, what is the reason?"

Hu Fanghe said: "Everyone knows that in the current environment, the mainland's semiconductor manufacturing industry is an industry that urgently needs to be developed, otherwise the mainland will always be in a passive position. I can guarantee that a large amount of capital will soon flow into the mainland's semiconductor manufacturing industry, bringing about a wave of trends. We can take advantage of this opportunity to enter in advance, and the benefits should be huge."

Hu Jiangshan looked at Hu Fanghe and felt a little surprised.

Hu Fanghe is quite knowledgeable. The country will indeed vigorously develop the semiconductor manufacturing industry, and as of 2018, it has been developing for many years. However, due to various reasons, no results have been seen, and instead it has been cheated by some bad elements.

In the future, China's investment in the semiconductor manufacturing industry will only increase, with unprecedented intensity, and is indeed very promising.

But the question is, can Hezhong Group make money by investing in the semiconductor manufacturing industry in the mainland now?
Obviously impossible.

It's not that easy.

In Hu Jiangshan's opinion, Hu Fanghe's thinking direction was correct, but his method was still wrong.

At this time, Hu Wenxin was indeed surprised by Hu Fanghe's answer, and then asked: "Which semiconductor companies do you think are worth investing in?"

Hu Fanghe smiled and said: "Speaking of semiconductor manufacturing companies in the mainland, there is actually only one that is worth investing in, and that is Sinochip International. As far as I know, this is the only semiconductor manufacturing company in the mainland that can be scaled up."

Hu Wenxin nodded.

Some of the others looked at each other, some were thinking, and some were discussing Hu Fanghe's investment plan in a low voice.

Obviously, everyone felt that what Hu Fanghe said made sense and was even feasible.

Hu Wenxin asked Xing Limin: "Boss Xing, what do you think of the direction of semiconductor manufacturing?"

Xing Limin hesitated for a moment and replied, "I think this is indeed a good proposal. Huaxin International is now a leading company in the mainland's semiconductor manufacturing industry. It would be a good thing if we could have the opportunity to invest there."

Others nodded in agreement.

Hu Wenxin also thought that Hu Fanghe's plan made sense, so he said, "Then we can focus on talking to the people from Huaxin International to see if there are any investment opportunities, and..."

At this time, Hu Wenxin noticed Hu Jiangshan's expression, which seemed to have some profound meaning.

Hu Wenxin hesitated for a moment before finally saying, "Ashan, what do you think?"

In fact, Hu Wenxin didn't really want Hu Jiangshan to speak. His son just needed to listen. The less he spoke, the fewer mistakes he made. If he didn't speak, it would be good. But if he spoke too much, he would easily make mistakes.

But Hu Wenxin felt that it would not be perfect if Hu Jiangshan was not allowed to say a few words, and it felt like something was missing.

In addition, Hu Jiangshan's expression really makes people feel that he wants to speak, so let him speak.

Everyone's eyes were focused on Hu Jiangshan, with different expressions on their faces.

Some did not take it seriously, some seemed to be enjoying the show, and some even had sarcastic expressions on their faces.

Hu Jiangshan's reputation is so bad that no one has any hope for his speech. He would be lucky if he doesn't make a fool of himself.

Even most people thought that Hu Jiangshan would refuse to speak, and would just wave his hands and say nothing.

After all, he had nothing in his mind, so he couldn't say anything.

Hu Jiangshan flipped through a few pages of information and said, "I think semiconductor manufacturing is a good direction."

Hu Wenxin's expression relaxed. He had been worried that Hu Jiangshan wouldn't be able to say anything, but now at least he could speak.

Hu Wenxin smiled and said, "Oh? Do you also think semiconductor manufacturing is a good investment direction?"

Hu Jiangshan replied: "The idea is correct, but I don't recommend doing this. The risk is huge and if you don't do it right, you'll lose everything."

When everyone heard this, they looked at each other in silence for a moment.

Hu Jiangshan is so arrogant that he questioned the matter so thoroughly.

Hu Fanghe's expression also changed, and he said, "Yes, what's the problem? Please explain it more clearly."

Hu Wenxin waved his hand: "Yes, Ah Shan, what do you think is wrong? Why did you lose all your money by investing in this direction?"

Hu Jiangshan explained:

"It is true that China will definitely increase its investment in the semiconductor manufacturing industry, but this does not mean that we can find good investment targets. The key is that the semiconductor manufacturing industry is an asset-heavy industry, and the investment amount is too large. Tens of billions of Hong Kong dollars are not enough."

After Hu Wenxin pondered for a moment, he said, "But this cannot be a reason not to invest."

Hu Jiangshan nodded: "There is another more important reason, that is, many key links in the semiconductor manufacturing industry cannot be controlled by mainland China for the time being. This is a huge risk. If any production link is affected, production will be interrupted."

When the others heard this, they all looked stunned.

Hu Fanghe couldn't help but ask: "What, what do you mean? What key link can't be controlled?"

Hu Jiangshan replied calmly: "It's mainly about equipment and materials, tool software, and patent usage. These are all big problems and will be difficult to solve in at least two to three years."

Everyone suddenly understood that these were the aspects that Hu Jiangshan was talking about.

The management of Hezhong Group is not fools and they know this information to some extent.

Now, the beacon country on the other side of the ocean has taken advantage of these equipment and materials to introduce the Semiconductor Act, which has caused Huayao to encounter great trouble. "Is that so? Then investment really needs to be more cautious."

"Yes, if the company you invest in really can't produce anything, then all the money you invested will be useless."

"The risk is too great to do this blindly."

"Yes, such a large sum of money cannot be taken lightly."

Hu Wenxin was quite surprised and delighted to hear that everyone actually agreed with Hu Jiangshan's statement.

The son did a great job today. Not only did he not embarrass his father, he even showed his face.

However, Hu Wenxin was not too proud. Perhaps Hu Jiangshan had done his homework in advance and looked up some information, so he could speak so smoothly and reasonably.

After all, Hu Wenxin knew her son's level, and it was good enough that he could speak casually.

Hu Wenxin asked again: "Ashan, you think that we can't invest in the semiconductor manufacturing field? Otherwise, we will lose money, right?"

Hu Jiangshan nodded: "At least now is not a good time to invest. As for whether the situation can be improved in the future, it depends on the situation."

In fact, Hu Jiangshan knows the future direction of the semiconductor manufacturing industry.

China is indeed going to invest heavily in the semiconductor manufacturing industry, but it will be invested by a large state-led fund. It will not be worth the cost for ordinary companies to do this, so it is better not to invest.

Hu Wenxin asked again: "What areas do you think can be invested in? Do you have any ideas?"

Hu Jiangshan patted the information at hand and replied: "We can invest in companies related to raw materials."

"Hmm? Raw materials? What kind of raw materials?"

Hu Jiangshan took another look at the company information: "For example, lithium mining companies and lithium refining companies."

Hu Wenxin suddenly realized: "You mean the kind of lithium used in power batteries?"

"Yes, China is going to vigorously develop electric vehicles, and power batteries are inevitable. Currently, power batteries are almost all related to lithium, which is a hard currency."

Hu Jiangshan added: "In addition to lithium mining and refining, the power battery recycling industry is also worth investing in. The investment amount will not be large, but the future returns will be very high."

Everyone looked at each other, speechless for a moment.

Who would have thought that Hu Jiangshan not only expressed his insights, but also that these insights were quite unique.

Some people think that what Hu Jiangshan said makes sense, while others still disagree.

Others are looking through corporate information, apparently looking for companies related to lithium.

Hu Fanghe looked at Hu Jiangshan with shock.

Before this, Hu Fanghe had never looked at Hu Jiangshan in the eye, and didn't think that the other party had any ability.

I didn't expect that Hu Jiangshan, who never showed off his abilities, would reveal such a skill today.

Regardless of whether Hu Jiangshan is right or not, these analyses alone are enough to make people feel that they make sense and look at him with new eyes.

Hu Wenxin looked thoughtful, then asked the others, "What do you think? What do you think of the investment direction that Ah Shan mentioned?"

Xing Limin thought for a moment and said, "But does China really want to fully promote the development of electric vehicles now? This is not certain. Electric vehicle technology is not very mature now, and the future development path may also change."

This is indeed a question, and many people nodded in the conference room.

"Yes, electric cars nowadays are said to have many disadvantages. The batteries are very sensitive to cold. It's not so bad here in Hong Kong Island, but it's not so good in the northern mainland. The batteries are not very useful when the weather gets cold."

"I heard that electric cars have a high chance of spontaneous combustion, and you can see this kind of news from time to time in the mainland."

"Charging is also a problem. Electric cars need two or three hours to be fully charged, and they have to be recharged after a short time of driving. It's too troublesome."

"Electric cars really can't compare with gasoline cars."

"China is developing hydrogen energy, and I think this is the key point."

It’s no wonder they have questions about electric cars.

It is now 2018, and the development of electric vehicles has not yet entered the fast lane.

Although new electric vehicle companies such as Wei Xiaoli have emerged in the mainland, their sales cannot yet compare with those of fuel vehicles.

Currently, the best-selling car brands in the mainland are still old car companies such as Volkswagen and Toyota, and fuel-powered vehicles dominate the world.

However, China has already introduced Tesla into the mainland, but the super factory has not yet been built.

At this time in the mainland, there is still a lot of controversy about which new energy route to take.

After all, electric vehicles seem to have many flaws that cannot be resolved, and the technology is not mature yet.

Hu Wenxin looked at his son again: "Ashan, what do you think?"

Hu Jiangshan said with a smile: "Everyone can rest assured that electric vehicles will gradually mature in two to three years. Many companies are already researching fast charging technology, and the performance of power batteries will be greatly improved. In the future, China will definitely vigorously promote electric vehicles, and there will be no other route for new energy."

Hu Fanghe couldn't help but say, "There are no other routes? How can you be so sure? Isn't hydrogen energy also a route? The use of hydrogen energy is the same as that of fuel vehicles, which is easier to promote."

Hu Jiangshan said calmly: "Hydrogen energy is easy to promote only in theory. In fact, it has more shortcomings. The transportation and storage of liquid hydrogen alone are problems. Now the mainland has introduced Tesla and is building a super factory with its own capital. Doesn't this prove the problem?"

"What does that mean?"

"This means that Tesla will impact the mainland's auto market and drive the development of the electric vehicle industry chain. There will soon be more and more electric vehicle brands in the mainland, and electric vehicle sales will also increase significantly."

Hu Jiangshan's speech was well-reasoned, clearly structured, and came out effortlessly and fluently.

Everyone else was stunned.

Wow, Hu Jiangshan is in surprisingly good shape, almost at the level of a business elite.

No, everyone here is a business elite, but you cannot say such words.

This requires a strong knowledge and understanding of the mainland and the new energy industry to be able to express your views so fluently.

Could it be that Hu Jiangshan had memorized all this content in advance?

But this doesn't seem like it.

How did Hu Jiangshan expect to be asked such a question?

Hu Jiangshan looked up and found that everyone was looking at him in astonishment, as if they were looking at an alien.

Hu Jiangshan then realized that he seemed to have over-exerted himself and was showing off a little too much.

This seems to be a good thing, but it is not a good thing.

Hu Jiangshan quickly said: "I also heard this from a friend in the mainland. I am sorry to say this. If what I said is wrong, please don't mind it."

Everyone found it even more magical.

Good boy. Mr. Hu is actually being modest.

Xing Limin said: "Mr. Hu, your son is really amazing. He has a wide range of knowledge and knows a lot about the mainland. It is really suitable for him to go with you this time."

Hu Wenxin also laughed, and it was a laugh from the heart, not forced at all.

"Hey! What should I say? Let him exercise. If he can help, that would be even better. If he can't, just let him see the world."

Xing Limin said quickly: "It will definitely help. What you said just now was so good. It made me suddenly enlightened. I feel like everything is clear now!"

Although Xing Limin's words were obviously a compliment, Hu Wenxin still found it very useful.

In the past, it was rare to hear compliments about Hu Jiangshan.

Hu Jiangshan did not comment and said nothing more.

Hu Wenxin said, "Okay, then we will focus on companies related to lithium and power batteries as our investment targets. We can then contact a few companies and discuss investment matters."

Xing Limin nodded in agreement.

If we calculate the time, the lithium-related industry is about to usher in a period of explosive growth.

Ning Wang and Bi Yangdi will both focus on power batteries and will soon leave behind competitors such as Panasonic and LG and become world-class power battery giants.

Lithium will also rise sharply in price and become a hot commodity.

Of course, after lithium rises to a certain level, it will surely fall, but that will be a few years later, and by then the Hu family will surely have made enough money.

(End of this chapter)