The development of internet and Telecom technologies is not isolated; in fact, I believe internet technology, media, and communications should be viewed as a whole, perhaps as the TMT industry. Its development, even in Silicon Valley, has only just begun, and its influence on the entire world needs more time to spread.
Imagine a future day when the internet can maximize the breaking down of information barriers across the globe. What kind of world would that be?" He Zhengcheng spoke from the Asian Financial Crisis to the development of the information industry. He himself was shaken by the future information. Is this the future twenty years from now?
In the past, business information brought immense wealth to merchants, and network resources were the greatest source of information, but networks themselves easily led to unfairness.
The emergence of the internet can eliminate this unfairness to the greatest extent possible, echoing the promotions of many Taobao shopkeepers: "No middlemen, direct from the factory, so our goods are very cheap." The appearance of Taobao eliminated many circulation links.
Perhaps because they didn't pursue high-tech or understand the internet, even though Hong Kong's financial elites paid attention to the global economy, they were limited by their perspectives and not so easily receptive to new things.
Hong Kong has never produced great entrepreneurs, let alone entrepreneurs with as much responsibility, morality, breadth of vision, and daring to be pioneers as Musk, nor maverick entrepreneurs like Steve Jobs who can change an entire industry.
This is partly due to market reasons, but probably more due to cultural differences, the strength of the nation, and the impact of differing national self-confidence.
Oh, no, Li Ban Cheng changed the real estate industry. His invention of the common area changed the real estate industry across the entire mainland. This is a great initiative that can be recorded in history and leave a lasting legacy… As for whether it will be lauded for generations or reviled… After talking about the new economy for a long time, no one chimed in. It was like a crosstalk performance without a straight man, very uninteresting for him to speak alone. He Zhengcheng quickly changed the subject and started talking about the development of Daxia Country.
"The rise of Daxia Country is inevitable and unstoppable.
My reason is simple: Daxia Country has a huge population, a complete industrial base, an education system, and good collective habits and discipline.
As long as they can adhere to reform and opening up, they are bound to succeed.
I believe they can adhere to reform and opening up!" He Zhengcheng said.
"Is there a necessary connection between your reasons and the outcome? Who says reform and opening up will definitely succeed? The foundation of Southeast Asian countries is not worse than the mainland's; what the mainland can do, Southeast Asian countries can also do." Chao Yang finally spoke with difficulty.
"Hmm?" He Zhengcheng frowned. Does that make sense?
"Oh! You forgot to consider the impact of the Asian Financial Crisis. In addition to liquidity, capital also seeks stability and security. While America wants all international hot money to flow to America, the destination for capital transfer is not necessarily America; it can also be Daxia.
This time, many companies in Southeast Asian countries went bankrupt, and the global industrial transfer will inevitably lean towards Daxia Country, which has more stable social and financial order…" He Zhengcheng explained.
"During this financial crisis, international hot money gained direct economic benefits, and America and Daxia will indeed gain many indirect advantages." Ji Jiasheng also agreed with He Zhengcheng's view.
"Even if Daxia Country has so many favorable conditions, it still depends on whether they live up to expectations! Daxia currently lacks a sound legal foundation, and the business environment is not good." Chao Yang argued.
"What is your standard, and who are you comparing it to? Europe, America, Japan, or the Southeast Asian countries?" He Zhengcheng asked. Daxia Country currently has many flaws, but while it may not be as good as some, it is better than others.
Subsequently, although He Zhengcheng was still the main speaker, Ji Jiasheng and Chao Yang began to actively participate in the discussion.
That two industry elites could discuss with He Zhengcheng for so long at least indicated that his value was recognized.
He Zhengcheng, possessing the memories of two people, also got an opportunity to vent at this time. In the high-quality discussion, even for the sake of sophistry, he further digested his memories.
"After all this talk, we haven't discussed the current situation in Hong Kong. Aren't you planning to participate in this battle? What are your thoughts?" Chao Yang asked.
"International hot money sees Hong Kong as their ATM.
Isn't the situation in Hong Kong's financial market precarious!" He Zhengcheng said with a half-smile, somewhat dismissively.
"I also believe there's a high probability of the Hong Kong Monetary Authority failing, but I heard you plan to bottom-fish and that you believe Hong Kong won't lose." Chao Yang remarked.
"Whether Hong Kong will lose depends on two things: one, the determination of the enemy—is their goal to crush Hong Kong's economy or to profit?
The other is the determination of the Hong Kong Government and Daxia Country to protect Hong Kong's financial market.
If Soros is willing to accept a mutually destructive outcome, or if Daxia isn't very concerned about Hong Kong, then I wouldn't hesitate and would go straight to America.
But I believe the words of Daxia's economic tsar; they will protect Hong Kong at all costs." He Zhengcheng stated.
"You have so much confidence in Daxia Country?" Ji Jiasheng asked.
"It's not a matter of confidence. I believe the Daxia court is very rational and not foolish. For Daxia to gain sufficient benefits from the global capital and industrial transfer, maintaining Hong Kong's prosperity and stability in the short term, at least for about ten years, is indispensable.
Hong Kong is the bridgehead and base for international capital and multinational enterprises entering Daxia. If it becomes a mess here, it will definitely affect many people's decisions." He Zhengcheng explained.
If a city cannot be protected, can a country be protected? This is the simplest logical judgment.
After the internet era, various wild ideas will certainly lead to different opinions. But for now, a responsible and accountable court is more respected than politicians who only care about gains and losses!
"Daxia will also protect Hong Kong's interests for long-term benefits?" Ji Jiasheng added. Chao Yang seemed convinced by He Zhengcheng and was somewhat swayed.
"Since it's destined to fail, will Soros still make a move?" Ji Jiasheng wondered.
Hong Kong's strength is not weak. In this era, Daxia is the world's second-largest foreign exchange reserve holder, and Hong Kong is the world's fifth-largest foreign exchange reserve region.
This means the Hong Kong Government might have enough ammunition for defense. Conversely, this also represents an incredibly delicious feast for Soros and other international hot money.
"Definitely!" Chao Yang said emphatically. Although He Zhengcheng knew the outcome, he didn't know the reason. Does Soros currently have an unshakeable certainty and confidence in victory?
"A strong warrior will not surrender without a fight!" Chao Yang was filled with a sense of sacredness at this moment, but He Zhengcheng felt he was being a bit silly.
Not necessarily. In life, one is often not in control of oneself; even an emperor might be coerced by his subordinates to do things against his will.
Besides, perhaps the battle has already begun, but no one knows.