Chapter 1404 Regional Headquarters

  Huo Jing is very talkative, and he kept introducing the city scenery and culture of Singapore to Xia Jingxing who was in the same car along the way.

  Singapore, as beautiful as a garden city, is indeed well managed. The roads are wide, the sidewalks are planted with leafy street trees and various flowers, lawns, flower beds, and small parks are interspersed, and the city is clean and tidy. On the bridge, the walls are planted with climbing plants, and colorful flower pots are placed on the balcony of the residence, which looks quite elegant.

  The high-rise buildings and the prosperous business district all show the wealth here.

  Although Xia Jingxing didn't have a good impression of Po County, which was heavily westernized, from the bottom of his heart, he said that the development is really not bad.

   Especially compared with another little dragon, Po County's industrial structure is more reasonable and its development potential is stronger.

   In the past few decades, the GDP of another dragon has always been ahead of Po County, and at the beginning of the century, it almost doubled that of Po County.

   But this year, the GDP of Po County has almost caught up with the former big brother, and maybe the total GDP will be completely surpassed next year and the year after.

  Po County's population is more than 2 million less than that of the other little dragon. In terms of GDP per capita, it surpassed it before 1997.

The land area of ​​  Po County is about two-thirds the size of another small dragon. Land is also scarce, but in terms of housing, the situation is much better.

  Why is Po County's answer sheet on this question much better?

  Because the government is powerful enough, it also cares about the people at the bottom.

   As early as 1960, five years before the founding of Po County, the Housing Development Bureau was established in Po County, which was the beginning of the "HDB system".

  HDB is a kind of public housing built by the HDB, and it is mostly provided to the lower-middle class and poor families.

  The purchase of HDB flats is limited to citizens of Po County with a monthly salary of not more than S$12,000, and each household is limited to purchasing one HDB flat.

   If you sell your HDB flat as soon as you buy it, you will face severe criminal penalties.

After a citizen buys a HDB flat, they are not allowed to sell it for five years. If they make money and want to buy a better HDB flat, they can only buy it after five years, and they must sell the existing HDB flat to maintain one family. the rules.

   In addition to the low price of buying HDB flats, there are also a number of government housing subsidies. Even young couples who have just married and entered the society can also bear the cost of buying HDB flats alone.

  If you still can’t afford it, there is a kind of people’s HDB flat, the property right belongs to the government, and the common people can rent it.

   As of 2008, 85% of Poe residents lived in government flats.

   Among them, 93% of the residents own the property rights of their houses, and the other 7% of low-income families apply to the government for low-cost rental flats, that is, people's flats.

   About 20% of high-income households buy commercial housing in the market.

   This development method of allocating housing resources according to income levels and "robbing the rich to help the poor" has not been able to curb the rise in the price of commercial housing, but it has ensured that the people at the bottom have "home ownership".

Foreigners and high-income people buy commercial housing with a larger area, better environment and higher price, which can provide the Po County government with a lot of land financial income, and then the government will use this income to build more HDB flats and subsidize it. more people at the bottom.

  When young people have a house to live in, they can get married and have children, and they can live and work in peace and contentment. It also provides strong support for Po County to develop a more diversified industrial structure such as semiconductors and the Internet.

  Xia Jingxing and Huo Jing chatted all the way, and soon came to the city hall and saw Li Long who went out to greet him in person.

  Li Long shook hands with Xia Jingxing enthusiastically, which was more kissable than meeting relatives.

   "Mr. Xia, the arrival of Xinxin Group has brought new opportunities to Po County. On behalf of the 5 million people of Po County, I would like to thank you!"

   "Mr. Li is very kind, I would also like to thank the Po County government for the various policy support provided by the Xinxin Group to settle in Po County.

   We are all Chinese with a strip of water, and I feel very cordial when I come to Po County.

   In the future, we will have more cooperation opportunities in more fields, and I hope you can support us. "

  Li Long heard the song and knew the elegant meaning, and immediately a few wrinkles appeared on his face.

   Facebook, Fuxing Industry, Domestic Holdings and other large industrial groups, no matter which one has their Southeast Asian headquarters in Po County, can bring some new industrial development opportunities to Po County.

  Li Long especially values ​​the Internet.

  Po County's Internet is actually developing well, but the population is too small to raise dragons.

   He has studied with the economic department, and the only way out for the Internet in Po County is to go outside and integrate the entire Southeast Asian market into one development.

If a large Internet company like Facebook serving the entire Southeast Asia region can put its regional headquarters in Po County, it will not only accelerate the development of the Internet industry in Po County, but also play a good demonstration effect, attracting startups and foreign investment throughout Southeast Asia. Dachang gathered in Po County.

   It is no exaggeration to say that some choices made by Xia Jingxing will determine whether Po County can seize the strategic commanding heights in some emerging industries.

   Therefore, for the young man in front of him, he sincerely welcomes the other party to come to investigate and invest.

   If it wasn't for the fear of public criticism and being too flattering, he would have wanted to go to the airport to meet Xia Jingxing in person.

   After a while, Li Long welcomed Xia Jingxing and his party into the city hall, and under the witness of countless reporters, the meeting started.

   The issues discussed are relatively large and vague, and they are also more formalized and ritualized, but they are necessary links.

   In the evening, the Po County government also organized a state banquet and hosted a grand banquet for Xia Jingxing.

  The Jinsha Hotel will not be officially completed until next year, and Xia Jingxing stayed at the century-old Raffles Hotel.

   Inadvertently admiring the colonial-style buildings and furniture, Xia Jingxing immediately convened several executives for a meeting as soon as he returned to the hotel.

   In the office of the suite, Liu Xiaoduo set up a small blackboard for Xia Jingxing.

  Xia Jingxing stood in front of the blackboard, holding a pen to write and draw, while several people in the audience watched the various data listed by Xia Jingxing intently.

   "The current share capital structure of Xinxin Group is that we spend US$10 billion, accounting for 80% of the shares; Temasek spends US$2.5 billion, accounting for 20% of the shares.

After the establishment of    Xinxin Group, it first spent US$4 billion to acquire Chartered Semiconductor, the largest wafer foundry in Po County.

Of the total transaction consideration of $4 billion, it involves $2.5 billion in cash and $1.5 billion in debt.

   At present, the global chip foundry market is dominated by Gulf Power, occupying 47% of the market share, followed by UMC with 13.1% of the market share, and Chartered Semiconductor again, ranking third in the world.

   As for Huaxin International, it was originally ranked fourth. After the birth of GlobalFoundries and the market impact this year, it should be ranked fifth.

  After Chartered Semiconductor, we spent another $6 billion to privatize and acquire Meiman Electronics.

  Chip design and manufacturing have initially opened up the IDM industry chain.

   But the question now is, what is the positioning of Xinxin Group? Where is its way out? "

  Xia Jingxing watched several executives with bright eyes and said, "We still have a lot of cash on hand, but we can't find a suitable M&A target, which has to be said to be a huge waste.

   Money has to be spent before it can be transformed into real market competitiveness, and the sooner it is spent, the better, because time waits for no one! "

   (end of this chapter)