Yu Pengnian's entrepreneurial experience

In the early 1960s, Yu Pengnian started his own company, mainly engaged in real estate and tourism. Compared with contemporary Hongkong businessmen, Yu Pengnian is not a business wizard. Yu Pengnian, who didn't get the "first bucket of gold" until middle age, once chose to invest in the stock market and put all his money into it, and disaster followed. 1967, Hong Kong stocks plunged from the high point of 1700 to 300, and Yu Pengnian lost 20 million yuan, almost all his fortune at that time. After the failure of stock trading, Yu Pengnian returned to his familiar real estate industry. With a loan of 700,000 yuan from the bank, I took out 350,000 yuan and bought the Bruce Lee 1000 square mansion at an ultra-low price. Later, the value of this house reached 70 million. The splendor of Hong Kong's real estate industry has provided Yu Pengnian with opportunities to rise again and again. He has achieved great success in this land of Hong Kong.

In the early 1990s, Yu Pengnian, which developed rapidly in business, made a puzzling decision: to reduce its investment in Hongkong, Taiwan Province Province and overseas. All the funds that can be mobilized are concentrated in Shenzhen, and finally concentrated in the giant building "Pengnian Square". "This building is full of my real money. I don't pay back the loan, and I don't owe interest. I also set aside some reserve funds. This building is a hen, and I will donate all its profits to the society forever, unchanged for 70 years. " June 65438+10/October 65438+February 2000, Pengnian Hotel officially opened.