Chapter 663 – Guangcai Program
Liu Yonghao frowned. What does this Feng Yu mean? This is my family’s affairs. What has it got to do with you? But this Feng Yu had highlighted the biggest issue faced by New Hope Group. The 4 brothers had set up this company together, but the shares were not clearly allocated, and this was a significant problem when it comes to managing the company.
In 1992, Liu Yonghao had seen this problem, and he hired someone outside to manage the company. But in a family business, the biggest issue was the brothers had different views. Furthermore, all of them were married, and they all have their own family issues, and there was an issue with the future inheritance of this company. These were problems they had to face.
If there were only 4 brothers, these issues could be solved quickly. But now, it was 4 families. This was a headache for Liu Yonghao.
“I can handle this. You don’t have to worry about me.” Liu Yonghao replied. His tone was slightly pissed.
“I am not good at managing companies. My father is the same. That’s why I made a lot of investment and never managed any companies. My advice to you is to split up early. Any later, the relationship between brothers might turn sour. The minimum you all should do is to state the shares clearly and split the market. But you should own the most share. Without you, there will not be a New Hope Group.”
Liu Yonghao heard what Feng Yu said. This was what he wanted to do. If he does not make things clear with his brother, then it will be hard to split up with his brothers when the business grows bigger. At least, his younger brothers still listen to him now. in a few more years, all their kids would have grown up, and many things would have changed.
So, this Manager Feng does not manage his companies. This is weird. Which boss would hand over his authority to others? But Liu Chuanzhi had said that all of Manager Feng’s businesses were doing well. Could this be his secret formula?
Should I listen to those higher management staffs more often and stop making all the decision myself?
“Thank you, Manager Feng, for your advice. I will consider it.”
“I heard that Mr. Liu is setting up a Guangzai Program. Am I qualified to join?” Feng Yu smiled and asked.
Feng Yu has great respect for Liu Yonghao because he was a philanthropist. He started this Guangcai Program with 9 other entrepreneurs. This program was to help the poor in China. It had helped many people, especially in rural villages.
Of course, Liu Yonghao was also a member of the Chinese People's Political Consultative Conference and National People’s Congress. The other 9 entrepreneurs were also the same. Maybe he had different reasons for setting up this Guangcai Program, but Feng Yu was willing to believe they sincerely want to help the impoverished region and do some charity work.
Guangcai Program was set up to support the government’s Seven-Year Program for Lifting 80 Million People Out of Poverty (1994-2000). The purpose of the Guangcai Program was to eradicate poverty. They were private enterprises and invest in rural and impoverished regions.
In layman terms, this Guangcai Program was to ask businessmen to invest in poor areas economically. This was not giving aids or welfare to the people in the regions. All investments must have returned. But the returns might be minimal or will take a long time to see the profits.
Feng Yu was interested in Guangcai Program because the Guangcai Program also looks at education. This was in line with Feng Yu’s thinking. Feng Yu wants to join the Guangcai Program. He doesn’t mind setting up factories in the western provinces as long as there were profits.
In the future, this Guangcai Program association will even get an award from the United Nations.
Liu Yonghao was shocked to hear Feng Yu wants to join the Guangcai Program. Usually, businessmen view profits as their priority. But this Manager Feng was different.
“No problem. I will recommend you in the program. But do you know that the returns from this program are not high and the duration is quite long? Also, you have to donate a sum of money or supplies every year. Are you sure you want to join?” Liu Yonghao explained.
Liu Yonghao does not want Feng Yu to think that they were working with the government to make money from the western provinces and forgot their purpose. Although all of them do not mind making profits, that’s not the purpose of this program. The program was to help the poor and change the region.
This program might take 3 to 5 years. It might even take up to 30 to 50 years. Feng Yu was still young. Does he have the patient?
“I remember there should be quite a several Tai Hua buildings in the Sichuan province. Have you seen it? My family and I donate a large amount every year. But we only focus on education, unlike you all. I heard you all also look into the sanitation and culture of those regions. You all are much better than us.”
Zhang Ming added: “Manager Feng had donated more than 100 million RMB these few years.” Zhang Ming had included the research funds Feng Yu gave to the universities. It’s definitely more than 100 million RMB.
Liu Yonghao’s jaws dropped. “How much? More than 100 million RMB?!” Feng Yu was willing to donate so much money? What was his motive behind it?
Feng Yu was satisfied with Zhang Ming’s interruption, but he put on an unhappy face. “Zhang Ming, why did you mention that? What Mr. Liu and his friends did is real charity work.”
“Manager Feng, why did you donate so much money?” Liu Yonghao asked curiously. He does not believe that Feng Yu had donated so much money without any motive. Feng Yu was a successful businessman, and no businessman will do anything for no returns.
“I want a good reputation and to make my parents happy. I want those children in the poor region to be able to go to school safely. I want those students that studied in Tai Hua school buildings to contribute to our nation in the future.” Feng Yu seriously replied.
“Manager Feng is really generous. I admire what you did.” Liu Yonghao said.
“That means Mr. Liu does not oppose me joining the Guangcai Program?”
“Of course, I will not oppose it. If anyone dares to oppose, I will surely fight him! We can discuss the details of you joining some other day. We should have a good talk. I am glad to have met you today.” Liu Yonghao exclaimed.
Liu Chuanzhi was puzzled when he saw both of them chatting happily. But what were they talking about? Should they be discussing the joint venture of Minsheng Bank? I am still waiting for Lenovo to get the contract of setting up the computer system and software for the bank. You all can talk about the Guangcai Program some other days.
“Old Liu, Manager Feng, the roast duck is cut. Let’s eat it while it’s warm. The taste will change if it is cold.” Liu Chuanzhi interrupted them.
“Speaking of this Quanjude, I heard that someone invested in it, and it expanded quite aggressively. But it seems to be doing great.” Liu Yonghao said casually.
“Thank you for your compliments.”
Liu Yonghao was surprised. I am praising Quanjude, what has it got to do with you?
Liu Chuanzhi added. “Manager Feng also have shares in Quanjude Group.”
Ah? How come this Manager Feng is involved in all sorts of business? You told me that he is in machinery and electronics businesses. Is this roast duck a machine or an electronic device?