Hong Kong Island's New Rich Era

Chapter 3 Entrepreneurial Project
Yin Huifen and Liu Yanxin were a little surprised when they heard their son suddenly say that he wanted to start a business.

"It's not bad to start a business. At least our Yin family has the business gene, so it won't be that bad."

Yin Huifen was born into a merchant family and was also very supportive of her son. His father Liu Yanxin had less say, but as a father, he had to make his voice heard. So he asked:

"Have you figured out what to do?"

Liu Zhicheng glanced at his parents and said, "I want an electronics factory. Preferably a game console factory."

Liu Zhicheng decided to enter the game console market and quickly earn his first pot of gold.

After hearing what Liu Zhicheng said about the electronics factory, Liu Yanxin said to Yin Huifen, "Is it difficult to build an electronics factory? If not, quickly build one for Ah Zai! No matter what happens in the end, at least there is still a piece of land."

Yin Huifen shook her head and said, "Starting a company is easy, but managing a company is different. You can't rush it."

Liu Yanxin muttered and stopped interrupting. He was not as well-versed in business as his wife, who came from a merchant family.

Yin Huifen didn't say much to her son. She waved her hand at Liu Zhicheng and said, "Son, don't worry. Let me think about this matter carefully."

She thought Liu Zhicheng was just playing around, but in order to help her son get over his pain, she was in a dilemma.

"Ah, even if you go out to play every day and don't go to work, it's okay. Our family assets can support you. As long as you are happy, that's all."

After Yin Huifen finished speaking, she took out a stack of Hong Kong dollars and placed it in front of him: "When you are playing outside, buy whatever you want. Don't worry about money. If you don't have enough money, you can ask us for more."

Although Macau issues Macau Pataca, the economic ties between Hong Kong and Macau are close, so the Hong Kong dollar is widely used in Macau and is in a strong position.

During these two months, Liu Zhicheng had a thorough understanding of the price levels in Hong Kong and Macao. In 1974, the average monthly income of Hong Kong and Macao compatriots was less than Hong Kong dollars. The pocket money that Yin Huifen gave him was equivalent to half a year's salary for an ordinary worker.

With such doting from his mother, even if Liu Zhicheng was lazy and gluttonous, he would definitely have no worries about food and clothing throughout his life, and he would have no problem relying on his parents for the rest of his life.

It’s great to be a rich second generation!
Liu Zhicheng couldn't help but feel this way.

Little did he know that although Yin Huifen's doting on him was unprincipled, it was actually more out of concern for him.

Yin Huifen was afraid that her son's skiing accident would cause brain problems. After all, a head injury and a day and night of coma would definitely cause some damage to the brain.

But, fortunately, from the current perspective, apart from his nightly revelry, Liu Zhicheng has no other serious sequelae.

Anyway, as long as my son is not "stupid", everything will be fine. No matter what he wants to do, I will find ways to support him, for fear of losing him again.

After listening to my parents' conversation, I could feel how warm every word was.

Liu Zhicheng thought that next time he came home late, he must be very careful, otherwise his parents would not be able to sleep well.

As a parent, seeing their son doing nothing all day and partying every night, they must be worried.

But from his parents' expressions, it can be seen that Liu Zhicheng thinks the electronics factory should be able to get it.

It’s time to plan the factory’s first generation of products.

After dinner, Liu Zhicheng returned to his room and began planning the first product of his factory.

........................

For several consecutive days, Liu Zhicheng was conducting research on the electronics factory's first product.

Liu Zhicheng recalled that in his previous life, when writing about starting a business in Hong Kong, claw machines and game machines were always mentioned. Therefore, before claw machines appeared in shopping malls in Hong Kong and Macau, Liu Zhicheng decided to start the claw machine project first to make a quick buck and earn the first pot of gold for his own business.

But there must be a factory. Even if there is no factory, of course you can find a factory to do the work for you.

During this period, Hong Kong's manufacturing industry was considered very powerful in Southeast Asia, and it was capable of producing almost all electronic products available today.

For example, OEM products such as radios, electric fans, and telephones.

It was just that it got up early but arrived late, and was overtaken by Japan and South Korea. Due to the increase in labor costs, the industry was transferred. In the end, only real estate, finance and tourism industries remained.

Of course, this is also due to Hong Kong’s own limitations, such as water shortage, land shortage, and lack of talent.

Just when Liu Zhicheng was troubled by the production of claw machines, his mother Yin Huifen brought him good news.

When Liu Zhicheng returned home, he found Yin Huifen sitting on the sofa in the living room, looking through some documents.

I don’t know what happened tonight. Yin Huifen brought work home. She never had the habit of bringing work home before. Could something have happened at work?

Liu Zhicheng was just about to greet his mother and ask around when he saw Yin Huifen waving at him and saying, "Son, here is a factory equity transfer agreement, come and sign it!"

Liu Zhicheng was very happy when he heard the words "equity" and "factory".

He walked over and took the document, and saw that it was written on the top: "Factory Equity Transfer Agreement". The name of the company transferring the equity was: Xiangjiang Orange Electronics Factory.

"Mom, have you helped me set up the electronics factory?"

Yin Huifen replied: "Yes, I have acquired the factory in full. As long as you sign and approve, the factory will be yours from now on."

When Liu Zhicheng heard the good news, he said excitedly, "Mom, you are really rich."

Yin Huifen listened to her son's teasing and smiled and said, "Your father has a fixed salary every month and doesn't make much money. Although I work in a bank, my salary is only slightly higher. We are not a wealthy family. Our family will depend on our son in the future."

This statement can be seen as encouragement to her son, but she was still being modest.

The three generations of the Liu family did not engage in business, but were all law-abiding civil servants, so they did not have much money. However, the marriage partners they chose were basically from wealthy business families.

Yin Huifen's father is a banker and she inherited bank shares. In addition to her salary, she also receives a lot of shareholder dividends every year. She is definitely a wealthy woman with a lot of wealth.

Liu Zhicheng had no idea how much money his family had, but judging from the acquisition of the electronics factory, he should be quite wealthy.

Because Liu Zhicheng saw the purchase price, two million Hong Kong dollars. In this era, there are not many families who can afford two million in cash.

If he took the two million now and went to Hong Kong to buy a shop, he would not have to worry about food and drink for decades to come. But Liu Zhicheng's ambition was not to do so.

"Mom, don't worry, you will definitely become the mother of the richest man in the future."

"Okay, I'll wait."

Yin Huifen looked relaxed, smiled and said, "Son, although two million Hong Kong dollars is not a lot this time, it doesn't matter if you lose it, but you will need to find the operating funds for the factory yourself in the future."

"Thank you for your support, Mom."

Liu Zhicheng already had a factory and a profitable project, not to mention Yin Huifen, a banker. If he was still worried about not having funds for production, he could just take out a loan.

　Request collection
　　
　
(End of this chapter)