The poor are poor, the rich are rich

Chapter 127 2 Chen Fashu: Saving is defense, investment is offense

Chapter 262 Chen Fashu: Saving is defense, investment is offense

Regal Profile:

Name: Chen Fashu
Born in Anxi City, Fujian Province in 1961.

In 1987, it started as a daily miscellaneous business in Xiamen.

In 1995, he went to Fuzhou to open "Xinhuadu Department Store".

In September 2000, he became a shareholder of Zijin Mining and currently holds 9% of the shares, making him the second largest shareholder.

In 2003, Chen Fashu got involved in real estate development and took a stake in Wuyishan Tourism, which was preparing to go public.

He is currently the chairman of New Huadu Industrial Group, the vice chairman of Wuyishan Tourism Co., Ltd., and the director of Zijin Mining.

After Chen Fashu made his first business and earned his first pot of gold, he gradually became the largest timber merchant in Quanzhou.Inspired by the first pot of gold and saving funds, he discovered the truth that "saving is defense, investment is offense", and began to look for business opportunities.He is always one step ahead of others on the road to wealth, allowing savings and investment to run in parallel.

Later, his timber trading business expanded little by little, first by car, then by train, and became the largest timber merchant in Quanzhou.After that, Chen Fashu started to do afforestation in the forest farm again. "Three years of timber business realized the dream of housing." Chen Fashu completed his first goal and owned a house of his own in Xiamen.The house can be described as "a savings". However, Chen Fashu used the house he just bought as a guarantee, bought a three-wheeled motorcycle, and started to help a small shop with his two younger brothers.Later, Chen Fashu took down the store.The small shop was the embryonic form of the "New Huadu" where Chen Fashu became famous in the business circles of Fujian.The emergence of this prototype is the most vivid embodiment of "saving is defense, investment is offense" in Chen Fashu.Later, he opened the current "Xinhuadu" in the bustling commercial area of ​​Dongjiekou, Fuzhou.

As a result, "Xinhuadu" became the first private enterprise member of the China Department Store Business Association.Later, Xinhuadu Mall at the railway station, shopping mall in Huli District, Xiamen, and Xinhuadu Shopping Plaza on Wusi Road under Chen Fashu were successively established.Later, New Huadu Industrial Group Co., Ltd. was born.New Huadu Industry mainly focuses on the department store business, and at the same time invests in hotels, construction machinery and other industries-"grocery stores create large department stores".

Chen Fashu launched an offensive step by step. His involvement in the Zijin Mining project attracted more attention from the world, and Chen Fashu's forward vision made everyone look up to him.After setting up the construction engineering company, he repaired some of the equipment and sold it. He found various suitable projects and started the project himself. Then he found Zijin Mining and officially started the expansion of Zijin Mining.After that, he invested in the establishment of New Huadu Construction Engineering Co., Ltd. to enter the mining industry.Then, Chen Fashu made another surprise move and mobilized a large amount of funds to directly invest in Fujian Zijin Mining Co., Ltd. The soaring price of gold further reflected Chen Fashu's forward-looking vision. He obtained tens of millions of yuan in profits from Zijin Mining. On December 2003, 12, Zijin Mining was successfully listed on the Hong Kong Stock Exchange. On that day alone, Chen Fashu's worth soared over one billion Hong Kong dollars.This is the first time that Chen Fashu has appeared in the public eye after starting his business more than 23 years ago.

Entering real estate is Chen Fashu's friendship strategy.Chen Fashu believes that entering real estate and implementing a diversified strategy can complement and develop together with the shopping malls and department stores.New Huadu teamed up with foreign capital to acquire the "Huacheng International" real estate project, with New Huadu holding 51% of the shares, and built a 10-square-meter flagship hotel complex in the CBD of Fuzhou.In addition, Chen Fashu was one step ahead and entered the tourism industry.Fujian Wuyishan Tourism Development Co., Ltd. was established by Fujian New Huadu Industrial Group Co., Ltd. and other units, and Chen Fashu was the vice chairman of the first board of directors.

Getting involved in IT finance and software is another highlight of Xinhua Capital under the leadership of Chen Fashu.New Huadu Information Technology is a wholly-owned holding company invested and established by New Huadu Group, which is mainly engaged in the promotion of POS machines and related information training and consulting.The official website of New Huadu Information Technology calls itself "New Huadu Software". The four New Huadu Group's controlling or shareholding companies, New Huadu Software, New Huadu Engineering and even Hong Kong and Macau Information, may become listed "pawns" of the group.

Now there are thousands of Fuzhou employees in Chen Fashu's company.The corporate image logo of Xinhuadu Group is a capitalized "well" with a heart in the middle. Chen Fashu said that this logo means that when drinking water, one should not forget the person who dug the well, and that businessmen should not forget the responsibility of the government and the people when digging social wealth. support.

He keeps quiet, does not reveal his wealth, acts low-key, speaks few words, is serious in doing things to the point of blushing, is shrewd and capable, and dares to think and act, but in fact he is not very courageous. This is a typical "Southern businessman style".There is an old saying in China that "lines are separated like mountains". If you put together almost unrelated industries such as reselling timber, selling groceries, opening gold mines, contracting projects, doing tourism, and developing real estate, you believe that one person can do them all. Was it a success?But Chen Fashu, a businessman from southern Fujian, did it.

"Saving is defense, investment is offense." Chen Fashu used the first pot of gold as "defense". After identifying his goal, he launched an offensive step by step, showing his talents in the wealth industry and becoming a household name.

If you want to be rich, you must handle the relationship between savings and investment and attack at the right time.So, should you start saving and investing early, or start investing after you have accumulated more money?Regarding this question, Chen Fashu gave us the best answer, that is, "saving is defense, investment is offense", and we should start saving and investing as soon as possible.

(End of this chapter)