Chapter 899 - The future Head of the family
Chapter 899 – The future Head of the family
“Uncle, are we still going to do nothing? Thai Baht is starting to depreciate, and the Thai economy is starting to crumble. Their financial system is going to be in chaos!
Fu Guangzheng said.
Fu Rongqi continued to smoke his cigar and did not say a word. He just looked at Fu Guangzheng silently.
Fu Guangzheng, who was panicking, slowly quiet down and sat there.
“Guangzheng, you had performed the best among your generation. By right, the next head of our family should be you. Don’t interrupt me and let me finish. Which of your older cousins is suitable to head the family? Guangcheng, who had been learning about financial trading from me, or Guangyao? They had performed well, but they are just following my footsteps. You are different. You had walked a different path from us.”
“I had mentioned before. China will be the next up and coming market. Regardless of their financial market, or industrial, investors from all over the world will be fighting to invest in it. You are the first in our family to enter the Chinese market and found the best partner for us. All of us can see your asset increasing at a rapid rate.”
“Our family’s next generation, or should I say among the top Hong Kong families’ next generation, no one is more successful than you. Maybe only Li Zekai and a few others are on par with you. As for Guangcheng and Guangyao, they are nowhere near you. But do you know why I did not confirm you as the successor to the head of our family? Do you think I can’t bear to hand over our family’s assets to you?”
“Just think about it. Although money is good, how much can I spend? How much can Guangcheng, Guangyao, and the rest spend? What our family need is to use the money to increase our status in society. You are better than me in this area. In China, many provincial government leaders see you as their top guest.”
“You and Feng Yu invested in machinery, electronics, retail, etc. and made lots of money. But when compared to Feng Yu, what do you think is the difference between you and him?”
Fu Guangzheng was stunned. He had never expected his Eldest Uncle to say these things to him today. These words are about the next head of the family.
The next head of the family will not be Fu Rongqi’s two sons, not his second Uncle and third Uncle’s children. Fu Guangzheng is going to be the next leader of their family? He was formerly looked down upon by his own family, and even many Hong Kong’s second generations looked down on him!
But Fu Rongqi still felt Fu Guangzheng is not good enough and does not want to hand over the family’s business to him. Fu Guangzheng admits that Feng Yu is much better than him when it comes to investments and in many other fields. But he is confident that he will be one of Hong Kong’s top billionaire with his investments in Feng Yu’s companies.
However, Fu Rongqi seemed to be not pleased with Fu Guangzheng’s achievements and want to test him. The difference between Feng Yu and Fu Guangzheng? What is Fu Rongqi referring to?
Fu Guangzheng knew that if he could give his Eldest Uncle a satisfying answer, his status among the Fu family’s second generation will increase. But if he could not answer his Uncle, then he might not be the next successor.
But even if Fu Guangzheng did not become the next head of the Fu Family, he will also live a good life. If he does become the next head, then his influence will no longer be limited to Hong Kong and China. He would be one of the top wealthiest men in the world!
Who doesn’t want to be the leader?
Fu Guangzheng thought for a while and said. “Is it my foresight in investing?”
Fu Rongqi puffed out his cigar’s smoke. “In which area?”
Fu Guangzheng was about to reply to electronics when he suddenly remembered what his Uncle’s company is dealing with. Financial trading. Is this the answer his Uncle is looking for?
Fu Guangzheng replied cautiously. “Electronics and financial?”
Fu Rongqi remained expressionless, and Fu Guangzheng could not tell if his Uncle is angry or disappointed.
“I know you like the electronics industry. But which industry gives higher returns? Have you ever thought where Feng Yu got his first pot of gold?”
Feng Yu’s first pot of gold? Fu Guangzheng tried to recall. It seems to be the Soviet Union trade. But this should not be the answer his Uncle is looking for.
Wait, is Uncle referring to the first pot of gold after Feng Yu come to Hong Kong? That was the time when his Uncle confirmed the Fu Family needs Feng Yu’s assistance, and they must maintain a good relationship with him.
“It’s financial trading. Feng Yu had taken loans in the Former Soviet Union and exchanged his Rubles to USD. Then he used the USD to trade in oil futures, gold futures, Forex futures, and then used his profits to invest in the US stock market!” Fu Guangzheng understood that the majority of Feng Yu’s assets come from the financial market!
“You finally see it. Compared to physical assets, the returns from the financial market is much faster. Of course, the real business is a must to have, and it acts as a form of insurance. Among all of your investments in China, Tai Hua Supermarket is the best investment. The retail sector’s potential is high, and the profits from it in the future will be the most stable. As long as you manage the supermarkets and your supply chain well, you don’t need to worry about losses. Automobile and Electronics industries might be performing well now, but there’s the risk of failing to keep up with the technologies and being overtaken by other brands.”
“Our Fu Family had not entered the automobile and electronics industries, and you should know better. But I want you to remember that China will be one of the pillars in the Financial market in the future. If you can become a financial mogul, you will be one of the most influential people in China and the world!” Fu Rongqi said.
“Most influential?”
“That’s right. You will be influential. When the money you have, exceeded a certain amount, you can influence politics. It is the same for China. If you invest in a certain region of China, the leader there will be promoted, and in return, he will give you better government benefits. This way, you can make more money.”
Fu Guangzheng nodded. “Uncle, you want me to learn to invest in the financial market?”
“You are not willing?” Fu Rongqi looked at Fu Guangzheng.
“Uncle, to be honest, I am interested in financial trading, but I know I do not have any talent in this field. For retail business management, I believe I am much better than Brother Guangcheng and them. But when it comes to financial investing, I am nowhere near them. I think Brother Guangcheng and I complement each other, and if we work together, our Fu Family will not collapse.” Fu Guangzheng replied.
Fu Guangzheng knows that if he enters the financial market, he will be the next head of the family if he succeeds. But if he fails, his current status in the family will drop. He might as well do what he is doing now and even if he did not become the successor, he will still have power and influence in the family!
Fu Rongqi smiled. He is satisfied with Fu Guangzheng’s answer. It’s essential to know one self’s weakness and not to be blinded by greed.
“Ok. I respect your decision. Remember, you will always be a part of the Fu family, and the Fu family will always be your strongest backing.”
Fu Guangzheng smiled and then asked. “Uncle, when are you entering the market? Feng Yu had already started!”
Fu Rongqi sighed. This brat still does not understand!