The Birth of Shanghai's First Conglomerate

My younger sister got scolded again.

This time, she dared not plead for Hu Qilin anymore and could only wait until the half-month period was over so that Hu Qilin could come out of that place.

This is probably the greatest comfort.

However, anyone who has been inside will have some records left behind.

This matter doesn't have much impact on them, nor will it affect Hu Qilin's future inheritance of the family business.

The family assembly will not change because of her alone; it's just that the family's attention is now focused on the second generation.

Chen Pingsheng and his generation are all getting old, and the things they will discuss next are nothing more than the same old things.

Besides these immediate family members, all of Old Chen's collateral relatives are also eligible to receive the family fund.

Funds are broadly divided into two categories: one is venture capital funds.

This requires the relatives to have certain abilities to receive it, and there is another type similar to the prodigal son fund that Chen Lu received.

It's just that the amount I receive each month isn't as high as his.

The amount that collateral relatives can receive is only about 200,000 yuan per month.

The reason for keeping it around 200,000 is that this is already the income ceiling for ordinary people.

It cannot make people rich overnight, nor can it become a tool for relatives to do evil.

If you used it to live, you could live very well in any city.

Among the extended family members, as many as eighteen people are currently receiving this fund.

In any place, only a minority are truly capable; mediocrity is the destiny of most people.

There will definitely be more Chen family branches in the future who can only rely on this fund for their livelihood.

Chen Pingsheng has invested nearly 3 billion yuan here, and the interest generated each year is enough to cover the living expenses of these people.

Someone suggested in a video that the limit be increased from 200,000 to 600,000 per month.

They probably felt that Chen Pingsheng was too rich, so he shouldn't have set their monthly allowance so low.

That's a good suggestion. The person who made this suggestion should be expelled from the fund.

He does nothing and yet wants a raise in his allowance. Who does he think he is?
He's just my second uncle's eldest grandson.

He relied entirely on his family fund to get married and have children. He didn't even get into university and never looked for a job after graduating from high school. That's why he felt his living expenses were too low.

The main reason is that his mistress is spending too much money. As soon as she heard that he was from the Chen family, she secretly whispered in his ear every day, urging him to find ways to increase his monthly living expenses.

This way, she'll have the chance to carry the latest limited-edition LV bag.

Such a clever person shouldn't receive a family trust. Let him earn his own living for a while, and he'll realize whether earning 200,000 a month without doing anything is too much or too little.

Actually, there are quite a few people who share the same thoughts as him, but he just became the one to stick his neck out.

Chen Pingsheng's words silenced them completely.

Anyone who wants to increase their living expenses should go out and work.

They never imagined that with 20 yuan a month, they could live a decent, ordinary life with a little more money.

If you give them two million, I'm afraid a lot more people like Hu Qilin and Song Chaoqun will emerge.

Managing money is also a skill.

Besides wanting to increase their living expenses, Chen Pingsheng was surprised to find that none of them offered any suggestions on improving family education.

These collateral branches are ultimately not up to the task.

Chen Pingsheng turned off the video call with them. He only spoke a few words to them during the annual family meeting.

Normally, these people don't have many opportunities to see him.

It's simply an inevitable result when the gap becomes too large.

After ending the video call with the collateral branch, Chen Pingsheng made several requests and suggestions to the family.

Parents should not only demand that their children study hard, but they should also set an example by constantly learning themselves.

He was practically calling out his younger sister Chen Qi and his sister-in-law Song Wu by name.

The two of them are both ignorant and incompetent, and they come to him whenever they have a problem. How can this be allowed?

There's not much to say about the others; Xiao Le even invited him to visit the county where he was working in September.

Chen Pingsheng agreed, saying he should go and take a look, and also make a trip back to Shanghai.

Apart from Xiao Le, Chen Lu didn't say a word. When asked, he just said he would listen to everyone.

An An has no plans to have a third child in the near future, or even in the future.

She only needs two sons.

Let nature take its course. Er Ya and Su Xiaoxi are both about to give birth, so they need to take good care of their bodies for the next two months.

Peng Ying also stayed in Hong Kong to receive the best medical care here. She wanted to live a few more years, at least to see her eldest grandson grow up.

When the family meeting ended, Chen Pingsheng also went to the Hong Kong Economic Research Institute.

Every year, we assess global future industry development trends and policy impacts.

To be honest, at this stage of development, the group is no longer solely controlled by Chen Pingsheng; many brilliant minds are working together within it.

The larger the group grows, the more it needs a healthy system and corporate culture.

To put it bluntly, it's about completely getting rid of personality cults or strongman culture.

The future development of a group cannot be determined by the strength or weakness of one person.

It should rely more on healthy mechanisms and culture to jointly drive the group forward.

Chen Pingsheng started doing this more than a decade ago, and so far, the results have been quite good.

At least in the decade or so since his retirement, the group has been developing very well.

Gradually, the group has also removed the traces he once left behind.

Only some good spirit or culture remains.

This is a path that any super-large group must take, when the group's development and honor rest entirely on one person's shoulders.

This group is unlikely to last long.

For the next few decades, Chen Pingsheng will only be a spectator or an advisor here, accompanying it through the rest of his life.

His life is finite, but the group's life is infinite.

Among the second generation, only An An was able to inherit a portion of her family's business.

Chen Lu has completely lost hope at the moment.

Er Ya has gone off to work in global capital, and once her generation takes over, they will no longer be able to produce a true leader who can inherit the family's technology industry.

These groups will most likely want to give back to society and completely move away from private ownership and family control.

He has put so much effort into cultivating three generations of his family because he doesn't want things to really come to this.

Family succession has its own path.

Chen Pingsheng himself didn't know how the next three generations would go.

But what he is still doing now, besides training Xiao Jiye and the others, is protecting his family's businesses.

Try to prevent them from deviating from a positive development path.

It has to be said that once a group develops to a certain stage, it's no longer just about one or two people.

Chen Pingsheng, who is not short of money, wants to buy more in Hong Kong to build things he likes.

It's a pity that most of the land in Hong Kong has already been sold off, and now the only way to increase the land area is through land reclamation projects. Almost every place that can be used to build houses has already been utilized.

Chen Pingsheng stayed here for two or three days. Besides settling some family matters, he also mobilized some of his own funds for investment.

His annual expenses are actually very low now; most of them are used to make money work for him.

His personal shareholdings, including the annual net profit of his global industries, are roughly enough to buy a headquarters building worth hundreds of billions in Hong Kong every year.

Once you've accumulated enough money, it really becomes a numbers game.

This game is addictive and can easily make people forget their true nature, turning them into true capitalists who only have money but no sense of national identity or even emotions.

Chen Pingsheng didn't want to end up like that, so he continued to invest in Tengnong breeding and other new rural industries.

The amount spent on charitable projects each year is generally no less than 20 to 30 billion yuan.

When poor, one should cultivate one's own virtue; when successful, one should help others.

If he doesn't actively give away his wealth, many people will probably try to take advantage of him.

Unfortunately, he was unable to bring Xiao Jiye over to learn about these things.

Time passed slowly, and after a while in August...

Hu Qilin, who had spent half a month in prison, emerged looking haggard.

He used to care a lot about his appearance, but now he's probably being taught a lesson in life inside.

When Hu Qilin came out, only Chen Qi and Hu Lin went to pick him up; no one else from the Chen family showed up.

Even his friends didn't come to pick him up.

Chen Qi, the younger sister, was heartbroken, feeling as if her son had suffered a terrible calamity.

"Qilin, you must be feeling uncomfortable inside. Come home with me and take a bath."

"Mom...why did you only release me now? Uncle, didn't you go to see him?"

"How dare you mention your uncle?"

Hu Lin is a very methodical person, unlike his younger sister Chen Qi who has an inexplicable fondness for things.

"You've caused such a huge mess, and you still want your uncle to help you? Why don't you think more about your own problems?"

"Dad, just shut up. Every time something happens to me, you can't do anything about it, all you do is scold me."

Hu Qilin was clearly blaming him for being incompetent; otherwise, how could he have gotten in?

"You're not allowed to talk about your dad like that. Go home and take a shower first, then I'll take you to see your uncle."

Chen Qi only has one son, how could he not feel sorry for him? Spoiling a child is like killing him.

She's really something else as a mother.

If it weren't for Hu Lin constantly talking beside him, Hu Qilin would probably be flying to the heavens today.

It's definitely more than just stealing someone else's girlfriend.

After he got home and finished washing up, Chen Qi drove him to find Chen Pingsheng.

Chen Qi always felt that his older brother was now focusing all his attention on Xiao Jiye. After all, he was surnamed Chen, so the treatment he received was different.

She even wondered if her older brother would still be so fair and just if something happened to Xiao Jiye when he grew up.

I'm afraid they'll do the same thing as me: help the child get home first, then talk about their own family behind closed doors.

In the end, they still share the surname Hu. Just one rank makes all the difference, Chen Qi thought to himself.

Chen Pingsheng doesn't go out much anymore; he usually either goes to barbecue restaurants or takes Xiao Jiye out to play.

When her younger sister Chen Qi came over again, she brought some gifts for Xiao Jiye.

"Brother, the Qilin has emerged."

"Oh...now that you're out, you can continue stealing other people's girlfriends!"

"Brother, how could you say that?"

Chen Qi pulled his arm and said, "You know Qilin listens to you the most, so you should teach him properly from now on."

"I can't teach this kind of thing."

Chen Pingsheng said, "It's better to put away your spoiled attitude than anything else. For the next three years, you are not allowed to give him any money or resources. Just let him take 200,000 yuan from the family fund every month as living expenses."

"I'm afraid this won't work, will it?"

Chen Qi retorted, "With 200,000 yuan a month, he can't even afford to maintain his top-of-the-line Ferrari."

"Two hundred thousand isn't enough? How do so many ordinary people who only make five or six thousand a month survive?"

Chen Pingsheng said, "From today onwards, everything Hu Qilin does outside cannot represent our Chen family, let alone the image of our Tengying Group, including Tengfei Technology Industry. In other words, everything he does will have nothing to do with me."

"Brother, how could you do this?"

"What about me? Do you expect me to be like you, making a mistake and then being taken home and getting away with it?"

Chen Pingsheng shook his head. "If you were in charge of the family, it wouldn't even take three years; you could have squandered it all in three months."

He wasn't exaggerating at all; his son even dared to steal marriages within the system.

One of the most tacit principles among the children of wealthy families is that they should never talk about matters within the system to outsiders.

It's easy to invite trouble, let alone someone like him who directly steals another person's marriage partner.

This kind of person can no longer be simply described as a spendthrift; he is so stupid that he wants to destroy his own foundation.

I need to add some firewood at home before I feel at ease.

As the head of the family, it is inevitable that I must sever ties with him.

To prevent him from harming himself and others in the future, and from dragging everyone down with him.

Chen Qi was speechless. She had wanted to ask Hu Qilin to apologize, but before she could even open her mouth, her own brother was already severing ties with her.

How much does she dislike her Qilin?

In Chen Qi's opinion, Hu Qilin was perfect in every way; he just liked one woman, so what was so special about him?

"Brother, give him another chance. I promise he won't do it again."

"What guarantee do you have? Is it your cheongsam group or the billions your family has?"

Chen Pingsheng said, "If you really care about him, then listen to me and let him fend for himself for three years. He can receive a maximum of 200,000 yuan in living expenses each month. If you don't listen to me, then you can only do as you please. Anyway, since I've already made my decision, if your son causes trouble again, no one will need to inform him in advance. Just do what needs to be done."

Their long-term comfort had made them forget one thing: if it weren't for Chen Pingsheng's years of hard work, they wouldn't be able to live peacefully until now.

It's no exaggeration to say that they have money on top of money and power on top of power.

Even someone as capable as Chen Pingsheng is extremely low-key.

When a family or an individual becomes so inflated that they forget these things.

Without a doubt, this is the beginning of destruction.

Chen Pingsheng could no longer provide shelter for people who have no sense of respect.

No matter how his younger sister views him, he will only make this choice.

They certainly won't change their minds because of any one person in their family.

Before becoming a mother, my younger sister had even some basic knowledge blocked out. So many troublemakers are only able to do evil because they have a mother who spoils them.

Without the protection of family, one will naturally learn the pain after causing trouble once or twice, and the likelihood of causing trouble a third time will be infinitely reduced.

The reverse is also true. (End of Chapter)