April 8th.
A quiet meeting room near the National University of Singapore.
Menghe arrived twenty minutes ahead of schedule.
The person on the phone did not tell him how many assets the Xingchen family office managed, nor did they explain Mr. Chen's specific identity.
Menghe only found that Xingchen family office has offices in Kyoto, Changhu and Hong Kong.
Apart from this, almost no further information can be found through public channels.
Nine o'clock sharp.
Xu Qing walked into the conference room.
The first round of interviews was conducted personally by Xu Qing.
"Mr. Meng, please have a seat."
"Thanks."
Xu Qing placed a processed document in front of him.
"Here is a fictional case."
"A Southeast Asian Chinese businessman wants to place his factories, shipping companies, overseas real estate and securities accounts into an offshore trust."
"His main goal is to complete tax planning and ensure the transfer of assets among his three children."
"If you were in charge, how would you design it?"
Menghe did not answer immediately.
The material consists of twelve pages in total.
He went through each page, occasionally writing down a few questions in the margins.
Ten minutes later, he closed the file.
"The existing information is insufficient to design the structure."
Xu Qing asked, "Is there anything else we need?"
"Who is the true owner of the assets?"
"The document states that the person who made the request is the client."
"Nominally yes."
Menghe turned to one of the pages.
"The shipping company's shares were held on his behalf by his brother, a portion of the factory's shares were registered under his second wife's name, and the funds in the overseas securities account came from joint property acquired during his first marriage."
Of the three children, one is involved in business operations, and two reside overseas year-round.
"If these problems are not resolved, directly putting the assets into the trust will only seal in the existing contradictions."
Xu Qing continued, "Clients are most concerned about taxes."
"Taxation is only one part of it."
Meng He said.
"The actual ownership, source of funds, and beneficial owner of each asset should be confirmed first, and then the operating rights, revenue rights, and disposal rights should be separated."
"If the principal suddenly passes away, who can keep the business running?"
"When a dispute arises between the second wife and three children, whose opinion should the guardian and trustee heed?"
"Do the children who have been involved in the business for a long time receive the same share as the other two?"
"If these issues are not clearly stated, the more complex the trust structure is designed, the more difficult it will be to dismantle it in the future."
Xu Qing's eyes held a newfound seriousness.
She then took out a second set of materials.
"What if a client is unwilling to disclose a nominee shareholding relationship, but is willing to pay five times the normal fee?"
Meng He only glanced at it.
"reject."
"reason?"
"Family offices provide long-term governance, not help clients hide the actual controller."
"If even the ownership of funds and assets cannot be confirmed, risks will be introduced in subsequent bank account opening, tax declaration and cross-border investment."
"No matter how high the income, it's not worth taking the job."
Outside the conference room.
Chen Mo watched the entire interview through the one-way glass.
He had indeed heard of Meng He in his previous life.
At that time, Menghe was already a very influential figure in Singapore's business circle.
He has managed cross-border assets for several Southeast Asian industrial families and also prevented clients from entering several offshore projects with unclear structures during a trust crisis that swept through the Asian family wealth management industry.
Menghe's assets are not the largest.
Its reputation, however, remains extremely stable.
People in the industry say he likes money, but respects it even more.
That's why Chen Mo was able to remember his name.
However, Meng He had just completed his studies in 2016.
No one would have imagined that this young man, who was still worrying about his work permit and down payment for his wedding home, would become an important figure in the field of family wealth management in Asia.
After the interview, Xu Qing went to the next room.
"He has a solid professional foundation and a very stable way of thinking."
"The downside is that I have too little practical experience."
Chen Mo asked, "What's your opinion?"
Xu Qing pondered for a moment.
"It can be used."
"However, in the early stages of the Singapore office's establishment, all client access, fund transfers, and trust establishment had to be reviewed by headquarters."
"He can be responsible for preparation and research, but he cannot make independent decisions on major matters for the time being."
"Do as you say."
Chen Mo stood up.
"Give him a three-month trial period."
"If I can't even assemble the first batch of teams, it means I misjudged the people."
"If approved, he will officially take charge of the Singapore office."
Xu Qing nodded.
Half an hour later.
Meng He received a formal invitation from the Xingchen family.
The work permit will be processed by the company.
A fixed salary is enough to solve most of the practical problems he currently faces.
More importantly, he will be involved in the establishment of a cross-border family office from the preparatory stage.
Xu Qing pushed the documents in front of him.
"This job involves access to a large amount of private assets, travel itineraries, and family information."
"Capabilities are important, but secrecy and boundaries are even more important."
After reviewing the contract, Meng He solemnly signed his name.
"I see."
……
That afternoon.
Chen Mo left Singapore aboard a Gulfstream G650ER.
Xu Qing stayed in the area for two days to assist Meng He in selecting office space, external lawyers, and the first batch of personnel.
Lu Jingyi then returned to Hong Kong.
TKTOK's Asia-Pacific headquarters, Creation Singapore, and the Chen Family Office have all been established in Singapore.
After returning to Beijing, Chen Mo went straight to the campus, which had already been open for some time.
The second phase of training for him has begun.
In fact, as the chief architect of the dawn, the president of Tsinghua University offered to let Chen Mo graduate directly, but Chen Mo declined.
He was aware of his situation; future technologies couldn't be built on mere imagination, and he needed to dedicate as much time as possible during his university years to establishing the basic technological framework.
This study was more in-depth.
Storage tiers and high-bandwidth memory.
Chip interconnect protocol.
Packaging reliability.
EDA design process.
Fundamentals of Device Physics and Materials.
Chen Mo needs to know what steps a technology goes through to go from theory to product, and where it stops.
……
Meanwhile, at the headquarters of Changhu Xingchen Technology.
Lin Wan sat in the main seat of the conference room.
There were three folders of different colors in front of her.
Star Tide Culture.
Deer Technology.
Xingxin Mining.
The first document is the thickest.
After Xingchao Culture fully opened up franchising, the number of stores quickly exceeded one hundred.
The directly operated stores are responsible for brand display, new product testing, and staff training.
Franchise stores undertake a wider range of market expansion.
Unified procurement, membership system, store management software and regional warehousing have been initially completed.
The products sold in the stores have gradually expanded from books, cultural and creative products and simple drinks to trendy toys, designer products and social consumption items for young people.
Just last month, Xingchao Culture completed its controlling acquisition of Wang Ning's trendy toy company.
Wang Ning and his original core team did not leave.
They exchanged a portion of their equity for funding, stores, and supply chain support from Star Tide Culture, while continuing to be responsible for trendy toy brands, IP collaborations, and product operations.
The two originally separate business operations were thus connected.
On one side are a hundred offline stores that are still growing.
On the other side is a young team with experience in product selection, IP channels, and trendy toy operations.
Lin Wan plans to establish an independent trendy toy company under Xingchao Culture.
Star Tide Culture injected its store channels, brand, and initial funding.
Wang Ning's team injected existing business, IP resources, and operational systems.
The new company then launched its first round of external financing.
In this plan, it is still at the starting point of an independent startup, so the internal term for financing is temporarily referred to as the angel round.
Xingchao Culture itself initiated shareholding reform, auditing, and franchise system standardization.
The preparation period for listing is three years.
Chen Jianguo and Li Xiuyun do not understand capital operation.
The two were well aware that Xingchao Culture's success had far exceeded their initial expectations of simply finding something to do.
The giant wheel of capital began to carry the two of them to rapid growth. Chen Jianguo and Li Xiuyun were at the prime of their lives, and they didn't feel tired at all.
On the contrary, he is always radiant and full of energy.
Li Xiuyun volunteered to go to Macau to oversee the construction of the Star Tide Macau Theme Park. Before that, she planned to visit and learn from theme parks around the world.
Chen Jianguo, on the other hand, was stationed domestically, overseeing the overall situation.
The capitalization operation was entirely entrusted to Lin Wan and Xingchen Technology.
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