A book about Feng Jingxi?

Born in 1923 in a businessman family in Guangzhou. My father got up early and worked in the dark to do a small business, and his life was not easy. In addition, Feng Jingxi's biological mother died early, and his stepmother had a bad relationship with him. After the outbreak of the Anti-Japanese War, the family fell into decline. In 1938, Feng Jingxi, who was only 16 years old, left his hometown and came to Hong Kong alone, working as a laborer in a shipyard in Kowloon. The work in the shipyard was hard and the salary was meager. He only earned thirteen cents (one dime and three cents) a day, which was not even enough to eat. Feng Jingxi had no choice but to rely on his several years of primary school education and take part-time classes at a workers' night school to barely make ends meet. Despite the hard work, Feng Jingxi never gave up the idea of ??retreat. He kept in mind his stepmother's ridicule when he left home: "If you have the guts, leave! If you get rich, I will kneel on the threshold to welcome you!" He swore that he would never return home until he made a fool of himself in this life.

In 1941, the Japanese invaders occupied Hong Kong and ran rampant everywhere, committing all kinds of evil. Feng Jingxi, who was stubborn by nature, could not swallow his breath, so he hurriedly fled back to his hometown. However, Guangzhou also became the world of the Japanese. Because the relationship with her stepmother was still not good, Feng Jingxi had trouble returning home, so she had to work as an apprentice in a gold and silver jewelry store. He is diligent and hard-working, and often takes advantage of the opportunity of running around to visit other stores and pay attention to other people's product styles and business methods to improve the shortcomings of his own store. Because he was smart and capable, Aicai's boss promoted him to the position of manager of the business bank, and later made him responsible for managing the finance of the entire business bank. Although Feng Jingxi had never studied accounting, he humbly asked for advice at work and was able to clearly handle the accounts of the business bank and knew them by heart. He can easily answer any questions the boss has, so he has won the boss's trust. Although Feng Jingxi also learned a lot of "business experience" from it, he was still dissatisfied with this kind of life of being dependent on others.

After the victory of the Anti-Japanese War, commercial activities in the market became active. Feng Jingxi quit his job in the gold and silver store and sold rice with a few friends. He worked like this for two years and only earned a few hundred yuan. Later, he raised funds with his friends to open a restaurant, but the business was not very prosperous. . The ambitious Feng Jingxi always wanted to find a career that would allow him to achieve great success. In 1948, he heard that the price of fish fry in Taiwan was high and that he could make a lot of money selling fish fry from Guangzhou to Taiwan, so he decided to start the fish fry business.

At that time, his friends advised him not to do this kind of business, because he was neither familiar with the properties of water nor the characteristics of fry. In addition, there were bandits on the sea at that time. If he was hit by a cannonball, he would be in trouble. Even I lost money in it! But Feng Jingxi insisted on doing it. He was sure that this business could make him a lot of money! In order to raise capital, he sold all the restaurants he owned. He bought fry from Guangzhou, shipped them to Hong Kong, and rented a boat to ship them to Taiwan. Unexpectedly, "there are unforeseen circumstances". Not long after his fry boat sailed out of Guangzhou Bay, it encountered a big storm. Feng Jingxi, who was not used to life at sea, almost vomited out gall! The ship drifted with the current in the storm, and when the stormy waves calmed down, it finally arrived at Taiwan Island safely. Unfortunately, all the fry on the boat had died in the turbulence!

Feng Jingxi lost all the capital he had accumulated over the years!

Feng Jingxi was not willing to just return empty-handed. He wanted to give it another try, so he took up the idea of ??being a ship owner. He discussed with the ship owner that he would use the ship as collateral to transport bananas from Taiwan back to Guangzhou. Of course the ship owner was unwilling to take this risk. Feng Jingxi said to him: "If you don't agree, I won't be able to pay you the freight when I get back. It seems I have to jump into the sea!" The ship owner was half sympathetic and half helpless, and finally had to agree. However, Old Man Fate did not sympathize with Feng Jingxi at all. On the way back, there was a strong wind on the sea, and the boat stopped and stopped. When we finally returned to Hong Kong, the bananas were so rotten that there were no good ones left!

Not only did Feng Jingxi not make a penny, but he also owed a large amount of debt! Facing the blow of fate, Feng Jingxi no longer wiped away tears. He thought of his responsibility. If he died, how would he pay for the ship's mortgage fee? How could he be worthy of the old man? He took the old man's hand and said, "I'm in trouble this time." You, the mortgage fee and freight will be sent in a few days." Feng Jingxi kept his promise. But he had to work hard day and night to repay the debt.

He firmly believes that as long as he works hard, the God of destiny will favor him one day.

Feng Jingxi returned to Guangzhou and restarted the business of buying and selling gold and silver on behalf of others. With his rich experience, he gradually made some money.

With capital, Feng Jingxi targeted the real estate industry in Hong Kong. In the late 1950s, Hong Kong's economy recovered and developed rapidly. Due to the large population and limited land, real estate prices skyrocketed. However, investing in real estate is impossible without strong funds. Feng Jingxi had an idea and found good friends Guo Desheng and Li Shauji in the business world to discuss the establishment of a joint venture real estate company. The three of them were all small business owners who had just started to start their own businesses, and they were all optimistic about the real estate industry, so they hit it off and established "Yongye Enterprise Company" by raising shares. Among the three, the eldest Guo Desheng is scheming, the youngest Lee Shau Kee is quick-thinking, and Feng Jingxi is proficient in finance and good at analysis. They vowed: "Work together to enter the real estate industry. You and I will contribute, and everyone will contribute!" Of course, the company's funds are much larger than personal funds, but for the real estate industry, it can still only be considered a small account and can only buy smaller 's territory. Starting from the purchase of the former Sha Tin Hotel, they first tried their hand in the real estate industry. The business method they adopted was to purchase old buildings at low prices, tear them down and rebuild new buildings for sale, and also attracted customers through methods such as "stratified sales" and "10-year installment payment". They were very popular with customers and gradually accumulated funds. .

By 1963, the three of them had become moderately wealthy businessmen in Hong Kong's business community. With abundant capital and rich experience in operating the real estate industry, they abandoned other shareholders and each invested 1 million Hong Kong dollars to establish the new "Sun Hung Kai Enterprises Co., Ltd." and prepared to make a big splash in the real estate industry. These three friends each have their own strengths and work together, and they are all "workaholics" who work more than ten hours a day. This spirit of hard work quickly attracted the attention of the industry, calling them the "Three Musketeers of the Real Estate Industry." Although they are extremely smart in business, they are not the ones who make all the money. Feng Jingxi has repeatedly said that there are three types of people who he cannot earn money from: he cannot earn money from refugees, he cannot earn money from orphans and widowed mothers, and he cannot earn money from natural disasters and man-made disasters! They calmly wait for every opportunity to make big money.

For those with a far-sighted vision, there will certainly not be too few opportunities to make big money.

In 1965, a run on Chinese-owned banks occurred in Hong Kong. As soon as the trend subsided, the turmoil of the "Cultural Revolution" in the mainland spread to Hong Kong. For a time, people were panicked, all industries were depressed, wealthy people immigrated one after another, and the real estate market plummeted. Many wealthy people were afraid that the "Cultural Revolution" would also come to Hong Kong, so they sold off their properties in Hong Kong and prepared to flee Hong Kong. At the beginning of the chaos, Feng Jingxi also prepared to immigrate to Canada with his family. While his family was packing their luggage, Feng Jingxi was walking on the streets of Hong Kong, looking at the flow of people coming and going, thinking that he was about to leave the birthplace of his life and career, and felt an indescribable feeling in his heart. Suddenly, an advertisement for a garden house on the side of the road for sale for only HKD 600,000 attracted him. Like a flash of lightning, Feng Jingxi suddenly realized that this was a God-given opportunity. As long as there was no chaos in Hong Kong, these people would come back sooner or later in two years. He hurried home and told his family that he would not leave and would stay in Hong Kong. Feng Jingxi's extraordinary courage was once again demonstrated. Together with Guo Desheng and Li Shauji, he decisively purchased large quantities of land and real estate at low prices. In three years, Sun Hung Kai built more than 20 buildings. By this time, the situation in Hong Kong had long been stable, land prices had rebounded rapidly, and industry and commerce had recovered. Due to the low tide, many construction companies stopped building buildings, resulting in an oversupply of buildings in the market, which gave Sun Hung Kai the opportunity to sell at a high price. In just three years, Sun Hung Kai's assets jumped from 5 million to 300 million yuan. Feng Jingxi, Guo Desheng, and Li Shauji have also won the reputation of the "Three Musketeers" in the real estate industry. Feng Jingxi, who made a fortune, was nicknamed "a strange man in the business world".

Sun Hung Kai's business was advancing rapidly. By 1972, the total value of the properties sold by the company reached more than HK$500 million, which was almost 20 times the original investment of the "Three Musketeers".

With the abundant capital, the "Three Musketeers" have the power to conquer the world alone, and there is no need to fight together.

The stock market is unpredictable. Some people say that in 1440 minutes of a day and night, the stock market may undergo 8640 changes! In order to help thousands of customers, especially medium and small customers, understand the ever-changing stock market conditions, Sun Hung Kai Company has become the only brokerage firm in Hong Kong that provides free Chinese survey information. The company has published "Daily Economic Briefing", "Investment Analysis", "Company Performance Report", "Basic Information on Hong Kong Listed Stocks", "U.S. Stock Newsletter", "U.S. Commodity Futures", "Futures Market Newsletter", "Gold Report" and other large amounts of information provide guidance and consultation for investors, adapting to the needs of different investors at different levels. This high-quality service has won the trust and appreciation of our customers, and Sun Hung Kai's business has become increasingly prosperous! According to expert estimates, Sun Hung Kai Securities handles a quarter of Hong Kong's stock trading! In 1970, Sun Hung Kai Securities' profit was only HK$700,000, but 10 years later, its annual profit exceeded HK$100 million! Sun Hung Kai Securities rose up in a short period of time and became the largest securities firm in the Hong Kong stock market. Its trading volume accounted for a quarter of the total trading volume in Hong Kong. Feng Jingxi also became the well-deserved securities king of the Hong Kong stock market. Feng Jingxi was called by "Asia Finance Magazine" as "having the skills of a retailer in his blood." He himself summed up this approach as "securities banking", which means banks engage in the securities industry by attracting deposits from the public. While Feng Jingxi was building a securities kingdom, he also began to build his financial kingdom.

In 1970, Sun Hung Kai Finance Company was established. His goal is to develop Sun Hung Kai Group into an international financial services organization. He achieved this goal at an astonishing speed: in 1974, he formed Sun Hung Kai Sit Hung Kai Management Consulting with the Sit Hung Group headquartered in Manila. In 1975, it acquired Huachang Construction Co., Ltd. and China Enterprise Co., Ltd. At the end of the same year, it signed a contract with American Securities Co., Ltd. to establish a wholly-owned subsidiary, Sun Hung Kai (American Securities) Co., Ltd., and served as the exclusive agent of American companies in Hong Kong. In 1976, it merged with Elion International Futures of the United States to form "Sun Hung Kai Elion Commodities Company". In 1978, it reached an agreement with France's largest banking group "Balida", and Belida purchased part of the equity of Sun Hung Kai Securities.

Then Feng Jingxi met Dr. Brugger from the American Merlin Group. Merlin Group is one of the world's 50 largest companies, with its business scope covering oil exploration, machinery manufacturing, securities operations, etc. When the two richest people from China and the United States met for the first time, they had a very speculative conversation. It only took 45 minutes to reach a unanimous agreement and decided to set up a special working group to study specific cooperation plans. Later, the American Merlin Company purchased part of the shares of the Sun Hung Kai Group at a price 38% higher than the market price. As a result of the transaction, Feng Jingxi made a profit of US$82 million; Sun Hung Kai purchased 1.7 million shares of the Merlin Group, becoming the largest shareholder of the Merlin Group. individual stock holders. Feng Jingxi vividly called this success "building an intercontinental bridge in 45 minutes."

In this way, the three major consortiums, Sun Hung Kai in Asia, Palida in Europe, and Merlin in the Americas, cooperate closely and support each other, becoming a very powerful "iron triangle" in the world's financial community!

In 1979, Sun Hung Kai Insurance Company was established and signed a contract with General Insurance Group of France. General Insurance purchased 54.5% of the equity of Sun Hung Kai Insurance. In 1979, Sun Hung Kai Financial was reorganized into Sun Hung Kai Bank and listed separately with Sun Hung Kai Securities. At the same time, it has branches throughout Hong Kong and Kowloon to provide comprehensive financial services extensively and deeply, including insurance, investment, management, etc. Feng Jingxi’s dream of a financial kingdom comes true! The shopping mall is like a battlefield, and things are not going smoothly for Feng Jingxi. However, he never gave up.

In 1982, in view of the business status of Sun Hung Kai Group, the Hong Kong government approved the establishment of Sun Hung Kai Bank and issued a business license. This is the first local bank approved to be established in Hong Kong since the 1960s! Sun Hung Kai Bank has 16 branches in Hong Kong and other places, with total assets of HK$4.2 billion, making it quite strong. In July of this year, Feng Jingxi was invited to attend the alumni reunion of the University of Hong Kong. At the meeting, he excitedly talked about his plans. He said: "I, Feng Jingxi, was born to be busy, and I will not stop here and be content with the status quo.

From now on, I will set my feet in Hong Kong, with the mainland at my back, facing the Pacific Ocean, and looking at the whole world! "

In the early 1980s, the world economy stagnated, and Hong Kong was also affected. Due to rumors, Feng Jingxi's company stock plummeted, and he lost 400 million in three days. However, Feng Jingxi survived . At the end of 1983, there was a run on Sun Hung Kai Bank, and he was forced to seek help from Palita Bank and sell his controlling stake in the bank. The following year, he used Arab funds to make a comeback and regained control of Sun Hung Kai Bank by 1985. The bank has 16 branches in Hong Kong and Kowloon, with total assets of HK$4 billion. His life has been a life of hard work.

After the reform and opening up of the motherland, Feng Jingxi took the lead in investing in the mainland. The China Hotel was built in Guangzhou. Sun Hung Kai (China) Co., Ltd. was also established in 1978 to carry out investment and trade activities in the mainland. On August 5, 1985, Feng Jingxi went to Canada to discuss business, but died of cerebral hemorrhage. , only 63 years old. Feng Jingxi has five children, but only his son Feng Yongxiang works in "Sun Hung Kai". In the spring of 1996, Feng Yongxiang sold "Sun Hung Kai".