In fact, it was not so easy to enclose and purchase land in Shenzhen in 1980. First of all, the above regulations did not allow it. At that time, the sale and lease of land was not allowed, but the Shenzhen Special Economic Zone dared to be the first in everything! In addition, Shenzhen's fiscal revenue was only tens of millions a year at that time, and they couldn't do many things because of lack of money, so they urgently needed to increase their fiscal revenue. Li Changsheng found an exposition on this aspect from the works of a great teacher. The elimination of private ownership of land does not require the elimination of land rent, and it is transferred to the society through other forms. On his side, he used various connections to push the SAR side to issue regulations on the SAR side, allowing the land to be rented out or bought in 517 for sale. A few months later, the higher authorities issued land management regulations for the Shenzhen Special Economic Zone, allowing land management fees to be collected from land users. Li Changsheng came to carry out real estate development in addition to the previous land. The real estate companies under his control, including Whampoa, not only develop real estate in Xiangjiang, but also start to develop in Shenzhen Special Economic Zone! Of course, Li Changsheng chose to form a joint venture with the real estate management department in Shenzhen at the beginning. After all, according to the regulations at this time, private companies cannot carry out real estate development, so he chose a joint venture. Before that, Li Changsheng found Luo Jingxing, the second in command of their real estate management department.
He was the second-in-command in the post and telecommunications department in Huiyang before, and was transferred to Shenzhen. As a result, he did real estate development that he had never done before. At that time, the conditions in Shenzhen were very backward. Looking around, there were few decent buildings, and many of them were slums and stinky ditches. Therefore, the first task assigned to Luo Jinxing by the superior department at that time was to pay close attention to the infrastructure work in Shenzhen. The housing management bureau where Luo Jinxing works has faced its first challenge. The higher-ups clearly set out the construction requirements. Within one year, 20,000 square meters of cadre dormitories should be built, and the housing standards for cadres above the department level should be met. Building a house is not difficult in itself, just find the workers, draw up the blueprints, and build it according to the pattern. The difficulty is that the Housing Authority has no money. In the early 1980s, Shenzhen could be said to be a backwater, not to mention having any funds (agcg). Shenzhen's total finances are only about 30 million a year. The use of this money must take care of all aspects, and it is impossible to use it all for real estate. Under Luo Jinxing's hard work, he only got 500,000 start-up capital in the end. In order to complete the tasks assigned by his superiors, Luo Jinxing did not dare to stop for a moment, and actively listened to the advice of professional real estate professionals. Li Changsheng got to know the second-in-command of real estate management at this time. Because after all, even the head of the special zone gave Li Changsheng face, so of course Luo Jingxing couldn't help but give Li Changsheng face. Luo Jinxing explained the ins and outs of the matter, and asked Li Changsheng if he could do anything. Unexpectedly, Li Changsheng burst out laughing. Li Changsheng said with a smile: "It's not easy for you to be the chief of the bureau. You are just begging for a golden job." What Li Changsheng said means that Xiangjiang was already a prosperous city in the early 1980s, and the real estate industry was also booming. Due to the unrestrained nature, land sales in Xiangjiang are very popular, and it can almost be called "gold". As soon as Li Changsheng finished speaking, Luo Jinxing's face became even more depressed. Why didn't he know that land can also be turned into "gold", but the current policy does not allow it, so he can only give up. At that time, it was stipulated that land cannot be occupied, rented out, or bought and sold. These acts violated the provisions of the Constitution. For Shenzhen, once the land can be bought and sold, the real estate industry will realize a major turning point. How can we realize real estate demand without breaking the law?