Chapter 344 Jiang’s Group
It is less than two years before Hong Kong returns to normal. Jiang Cheng does not understand finance and really does not understand stocks.

In Jiang Cheng’s memory and experience, there was always a stock market frenzy before the economic bubble of an island country. That is, when the domestic stock subscription securities were issued, a fortune could be made.

Although domestic subscription certificates can make money, the volume is not big for Jiang Cheng, and it is troublesome to speculate. He just bought hundreds of thousands of subscription certificates and made tens of millions.

Even if people heard about when the stock market would experience a bull market in the future, Jiang Cheng had no use for remembering the specific time, so he had no intention of touching stocks.

But just because Jiang Cheng doesn’t touch stocks doesn’t mean his relatives won’t touch them either.

Jiang Fei is currently trading stocks in Hong Kong, and she brings Jiang Yue with her. Jiang Yue is now 18 years old and can open an account.

The study of finance also includes economic management, whether you speculate in stocks or not, you will be involved in stocks. Studying stocks does not mean that you must speculate in stocks, but it allows everyone to know how much economic expansion a company’s listing will bring.

If it was purely for the purpose of making money, it would be wrong for Jiang Cheng not to list Jiangdonglai. In Jiang Fei’s view, it would be enough to control a certain proportion of shares, and the decision-making power would still be in his hands.

But Jiangdonglai’s listing not only increases the value of its assets, but also allows it to cash out its fixed assets and future potential. Once assets worth hundreds of millions or billions are listed, they may be worth tens of billions.

But Jiang Fei’s proposal of listing was simply not feasible in the eyes of Jiang Cheng, an old stubborn man. Therefore, Jiang Fei could only use her own money to play in the stock market.

Starting from the second half of 1995, the Hong Kong stock market began to rise sharply.

This is not because the second generation of rich people are cowards, but because they are ambitious. Almost none of the bankruptcies of many wealthy people are caused by someone’s lack of ambition. They are all caused by some people who want to make trouble and are greedy for more wealth.

The Hong Kong stock market started to rise in the second half of 1995, and continued to rise strongly in 1996. This made Jiang Fei not only invest all her money in the stock market, but also ask her mother Shen Li for a lot of money.

Encouraged by Jiang Fei, Jiang Yue also invested all her pocket money. Now she can cash out part of it from the stock market every month, allowing her to spend it happily.

In May 1996, Zhang Ziqiang, the prototype of “It’s Hard to Fly Away with Wings”, appeared. He kidnapped Lao Li’s son and asked for a really high ransom, 2 billion yuan at the very beginning.

You have to know that this was only in 1996, and the average salary in many cities in China was only around 600. Moreover, the Hong Kong dollar is now more valuable than the domestic currency. Two billion Hong Kong dollars is more than two billion RMB.

Lao Li negotiated with the kidnappers and took away 4 million yuan that day. In fact, Lao Li gave million yuan in cash, but the kidnappers thought that the number was unlucky and only wanted million yuan.

On the second day, another ten billion was taken from Lao Li’s house and the matter was settled. Fortunately, the other party kept his word and Lao Li’s son was released.

This rich man still has to keep a low profile in this era, that is, others don’t know Jiang Cheng’s worth. Otherwise, Jiang Fei goes to the hotel to work every day, and sometimes goes out to enjoy her private life. She is easier to kidnap than others.

If Jiang Fei was kidnapped, Jiang Cheng would have to pay 1 billion Hong Kong dollars, not to mention 1 billion Hong Kong dollars. Even though Jiang Cheng has many children, he still feels sorry for them.

1996 was an ordinary year, but it was also a difficult year for Jiang Cheng.

The relationship between the eldest daughter Jiang Zhaozhao and her boyfriend can no longer be delayed. In this era, it is still rare for people to date for many years in China. According to the leader, dating without the purpose of marriage is just hooliganism.

As for Jiang Zhaozhao’s marriage, Jiang Cheng was sad that he himself didn’t know whether the daughter he had raised for more than 20 years was taken away by someone else, or that she would become someone else’s family after marriage.

But if Jiang Cheng hadn’t had a conflict with Zhou Lingying over Shen Li and Zheng Ke’s affairs last year, and hadn’t disappeared for more than half a year and didn’t even come back for the Chinese New Year, Jiang Zhaozhao’s boyfriend would have wanted to talk to his father-in-law and mother-in-law about marriage during the Chinese New Year last year.

Jiang Zhaozhao hid it from her boyfriend and didn’t dare tell him that her father ran away from home because he had another woman outside. She just said that he had important things to do outside.

It’s hard to postpone the wedding this year. Jiang Zhaozhao is conservative in some aspects and won’t have sex with anyone before marriage. But this doesn’t mean that Jiang Zhaozhao has never thought about such a thing, and it doesn’t mean that she doesn’t want to experience it.

Moreover, according to genetic genetics, Jiang Cheng and Zhou Lingying’s children should not show coldness in some aspects.

In 1996, Jiang Panpan’s career started to flourish, and she opened travel companies in several major cities. Traveling abroad was popular at that time, and ordinary people rarely traveled, only the rich or powerful families went.

But the biggest profit is actually in the electronics industry, where Sanjiang Nian Nian is making a lot of money. The price of VCD has dropped to around 1,000 yuan, and some unknown brands are below 1,000 yuan.

But the price has dropped, and wages in all cities in China have been rising, so it is easier for many families to buy a VCD. Especially for newly married couples in the past two years, many of them bought a VCD when they got married.

The price of VCD has dropped from three to four thousand yuan to less than one thousand yuan now, but the number of customers has increased by more than ten times.

If there were no competition from other brands of VCDs, the third brother Jiang Niannian would earn more money than all the “Jiangdonglai” supermarkets combined.

However, the money earned by the third brother now also belongs to the entire Jiang family. It’s not that Jiang Cheng wants Jiang Niannian’s money, but Jiang Zhaozhao is building the Jiang Group in Shenzhen.

After the Jiang Group Building was completed, Jiang Zhaozhao told Jiang Niannian that the company she managed would also be included in the group. Not only her company, but also the travel company of the second son Jiang Panpan.

If not, Jiang Zhaozhao first felt that it would be unfair to the second child. Jiang Panpan’s travel company looked good, but that was for some ordinary people. In the 1998s, it was not great to start a company and earn millions, and it was just a start-up.

But compared with Jiang Niannian, she can earn tens of millions just by working in the company every day because her father used her identity to set up a VCD production company. Isn’t this fair to Jiang Panpan?

Moreover, when Jiang Sisi, Jiang Ping and Jiang Mengmeng graduate from school, if they are unable to earn money, they will have nothing.

The key point is that Jiang Zhaozhao is married now, she can use tens of millions to build a family with her husband, but she can’t just take some shares of the group to her husband’s family.

Jiang Zhaozhao was messing around, but Jiang Cheng didn’t care. Jiang Cheng never asked her to start the Jiang Group. If she did, there might be conflicts of interest in their generation.

Before Jiang Cheng’s other children got married, they might not fight for interests, but when they each had their own families, they found that Jiang Cheng did not leave all his property to his “only” son.

Then even if Jiang Cheng’s daughter doesn’t fight for it in the future, what about her husband’s family and her future children?

Jiang Zhaozhao’s boyfriend has a good family background and is well connected in a certain city. If he is willing to let his son follow Jiang Cheng’s daughter around, it is impossible for him to have no interest in the Jiang family’s assets.

During the Chinese New Year, talking about marriage is just like talking about plates, as the saying goes in Changcheng. Jiang Zhaozhao’s boyfriend’s family is not bad, but compared to the Jiang family, they don’t have much to offer in terms of betrothal gifts.

The old three-turn and one-ring thing is outdated. In the 1990s, wealthy families paid attention to color TV, refrigerator, washing machine, air conditioner, VCD player and motorcycle when they got married. But Jiang Zhaozhao bought all these things in her own place, and some of them were not motorcycles but cars.

So during the Chinese New Year, Jiang Zhaozhao’s boyfriend’s parents came to discuss the deal, and the gift was just a formality. But some home appliances still had to be bought new, because the Jiang family couldn’t just be rich and not pay anything.

The Jiang family’s dowry is luxurious. Jiang Zhaozhao’s boyfriend is from Hangzhou, so no matter what, they will just buy a wedding house there.

Then she would bring a new car as a dowry, not to mention jewelry and other things.

The current situation is that Jiang Zhaozhao is already married, and she is also going to set up a Jiang Group. This will bring together all the industries of the Jiang family, and the annual profit will be quite a lot.

Now Jiang Zhaozhao and her husband are given a high annual salary plus dividends, but the issue of shares is not mentioned. Jiang Zhaozhao may not have any objection to this matter, but who can guarantee that her husband has no thoughts about shares?

However, the eldest son-in-law had just married Jiang Zhaozhao, so if he really had any ideas, he wouldn’t dare to do anything so soon after the marriage.

Jiang Cheng had no interest in the crappy Jiang Group, but after Jiang Zhaozhao and others completed the construction of the group building, they integrated Jiang Panpan and Jiang Niannian’s industries together and planned to give them all to Jiang Cheng for him to redistribute.

Jiang Panpan and Jiang Niannian actually took such a proposal for granted.

In order to avoid future disputes among his children over the family property, Jiang Cheng had no choice but to propose a group operation plan. This is why Jiang Cheng watched many short plays in his later life and never thought that he would actually use it.

Before Jiang Ping and Jiang Mengmeng graduated from college, the group only implemented a dividend reward and punishment mechanism. Jiang Cheng’s children can use the group’s funds to invest in some industries, of course, they must first discuss and approve it internally, not just do whatever they want.

If you invest well, you can see how much of the group’s profits you earn. Then you can get dividends according to a certain ratio. If you come up with a big project, you can get the group’s real shares in advance.

Anyway, if you do a good job, you get more, and if you do a bad job, you get less. There are rewards and punishments, and the Jiang Group is just a development platform for Jiang Cheng’s children.

Now it is just a development platform for Jiang Cheng’s children, and in the future it will belong to his grandchildren.

Jiang Cheng had no intention of handing over the Jiang Group to Jiang Ping, but as his son, even if he really didn’t favor boys over girls, he had to be partial to him at this point. Jiang Ping was better than his older sister and younger sister, so he didn’t need to make achievements, and the group would keep 20% of the shares for him.

But it is only 20%. If Jiang Ping does not have the ability, he will not be able to make decisions in the group in the future.

Jiang Cheng is not afraid that the so-called Jiang Group will change its name to another group in the future. His assets are now more than 150 billion US dollars, and it is still cash flow.

Some foreign families may have as many assets as Jiang Cheng, but most of them are fixed assets. However, the advantage of their assets is that they are all industries with high annual returns.

Jiang Cheng has a lot of cash flow, but if he puts it in the bank he will only earn some interest.

It will take at least a few years for the children to fight over the property. Jiang Cheng is still concerned about the safety of domestic food. Now that everyone’s life is better, it won’t be many years before the post-80s generation dominates the world.

The post-1980s generation, some of whom grew up in cities, have no shortage of oil and water, and prefer to eat lean meat. Jiang Cheng’s children are like this. Except for braised pork and stewed pig’s feet, they prefer to eat lean meat.

In fact, even if the Jiang family eats meat now, they are not particularly greedy. They have never lacked meat since they were young. The meat of fish and shrimp is relatively tender, so they all like to eat it.

It was because lean meat became popular in the 1990s that a clenbuterol poisoning incident occurred in a place in Henan in 1995.

In fact, pork nowadays is not as delicious as it used to be. A lot of it is fed with feed. However, many rural areas raise their own pigs, and they still feed them a variety of omnivorous foods.

In this era, you can still buy good quality pork. Also, there are many people whose family conditions are not good, so they just think meat is delicious and don’t feel any difference between pigs fed with feed and those fed with feed.

However, the Jiang family rarely goes to the market to buy meat anymore. The pork they bought from the reclamation farm in the past was enough for their family to eat for a lifetime if they didn’t sell it out.

However, for food issues, Jiang Cheng is still cooperating with the reclamation farm. He also requires that the pigs cannot be fed with hormone feed, and the purchase price of live pigs can be higher than the market price.

However, the pork from the reclamation farm alone cannot be supplied to Jiangdonglai supermarkets. As long as the pork is not added with clenbuterol, there is actually no problem selling it in Jiangdonglai.

At present, the pork from the reclamation farm is mainly processed into meatballs and sold in Hong Kong. Hong Kong does not produce grain and most of the ingredients, most of which are imported, and has strict control over food safety.

In fact, a country’s food safety problem is really related to the economy. If everyone has money and is willing to pay a high price for healthy food, some people will invest in the healthy food industry.

But the future situation in China is that the lower class people will say, “I’m so poor that I have to eat instant noodles, and you still tell me that eating instant noodles is unhealthy and affects digestion.”

After more than 20 years, it is not that you cannot buy expensive local pork, and there are also free-range chickens. It’s just that in the general environment, if a slightly richer family wants to eat healthy food, they need to spend money and think about it.

This is also the reason why places with “Mou Donglai” are so popular. There is a place where you don’t have to spend a lot of time buying things. Families with relatively affluent status will naturally choose to go there.

In 1996, Jiang Yue also graduated from a well-known private university in Hong Kong. She also did not choose to continue her studies, but went to a bank for an internship.

When I went there, I openly stated that I got in through connections and that I was a talent that Hang Seng Bank was planning to train for senior management. Once I arrived at the bank, I was taught by professional managers.

Jiang Cheng had finally understood that his next generation would basically only go to college. There was no chance for his Jiang family to get a master’s or doctoral degree, but this was also a normal process for many families to rise.

If Jiang Zhaozhao wants to continue her studies, she can do so while still at Tsinghua University. Jiang Fei can also study abroad, the only difference is that the tuition fee is a bit higher.

But Jiang Cheng became a hands-off boss, and the choices given to Jiang Zhaozhao and Jiang Fei were either to pursue further studies or to directly take over and manage their father’s business.

Under normal circumstances, few people talk about dreams, and most people just take over the family business. As long as the Jiang family manages all industries in the Jiang Group, the next generation will rely on their own excellence and cultural heritage.

Some families with hundreds of years of history abroad are actually like this. Their new generation either studies in some universities or travels to many countries to gain knowledge when they are young. It is rare for people under 30 to work in the family business. When the family develops to a certain scale, it needs elites.

(End of this chapter)