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Chapter 1509: Chapter 1352: Family Fund (Please Subscribe!)
Overseas.
The Chinese families also have a top-tier circle.
Spread across various countries.
The Ge Family is the largest Chinese political and business family in the United States, one of the big shots in the circle. Since it’s just a circle, not an organization, there isn’t a hierarchy of high or low, but there is distinct respect for power.
The Ge Family.
Belongs to the first tier.
The Yu Family.
Only has some influence in Switzerland and Western Europe, considered the second tier.
And like in Japan, the Ling Family, where Ge Feng’s wife is from, is only considered fourth tier, quite far behind even the Mei Wenlin family in Australia.
It’s not that the Ling Family is weak.
But the power structure in Japan is too closed.
Chinese cannot go too far. It’s very easy to be ostracized by peers, and if it’s an elected official, Japanese almost never vote for people of Chinese descent, over time, their influence is inevitably limited.
This time.
The alliance through marriage between the Ling Family and the Ge Family.
Only then has their status been somewhat uplifted.
And this circle.
The Li Family from Hong Kong hasn’t entered it.
Because in the hearts of these overseas Chinese families, it’s assumed that Hong Kong is inherently Huaxia’s territory; even when it was under United Kingdom’s control, it was just leased, ownership remained with Huaxia, not considered overseas.
In ninety-nine years.
It wasn’t easy.
When the contract was signed at the time, the United Kingdom requested a hundred years, fortunately, those people did not compromise. Otherwise, if the lease reached a hundred years, according to international convention, it would become de facto territory.
That would really be trouble.
...
Yu Sheng.
The eldest grandson of the Yu Family.
Met Ge Feng while he was a postgraduate in the United States; before that, he was educated in Europe. As for why he went to the United States for postgraduate studies, of course, it was to build his own network.
Europe.
He studied there from primary school all the way to university.
All were noble schools, he had seen all kinds of notable family descendants, made friends with those he could, and in the United States, he could meet friends from other regions.
Stayed for three years.
Almost all of it spent on social interactions.
Of course.
In addition to social interactions.
He did not neglect his studies.
The upper class isn’t about reckless mingling, mere sharing of wine. Enjoyable conversation is needed too, without some knowledge, unique insights, and expertise, you couldn’t even hold a conversation.
Now.
After three years he’s finished.
He returned.
Currently studying for a PhD in Philosophy at Berlin University in Germany, set to graduate this year. Honestly, he doesn’t really want to graduate; going to school every day, attending lectures, playing sports is so interesting, compared to working after graduation.
He doesn’t like dealing with money.
But as the eldest grandson.
This is his responsibility.
Ge Feng’s arrival.
As the host, he hurried back from Berlin, actually it’s quite close, Switzerland is right next to Germany, closer than flying from Beijing to Shanghai. Right after getting off the plane, he hurried over.
Just.
He didn’t expect that the new friend Ge Feng wanted to introduce would be him.
---Tang Qing.
Tang Qing, whose rise was amazingly fast, is also very famous in Europe, especially among these Chinese families who pay close attention. Once Tang Qing’s companies were analyzed, they discovered their potential was tremendous.
And he’s not making money through real estate or policies.
This made them quite happy.
Huaxia.
Having such a phenomenal talent, they too feel proud. After all, over here, they are always looking at Westerners with arrogance, thinking they possess the best genes and others can’t compare.
Hmph.
Yu Sheng smirked.
"Alright, let’s go up and see, there’s nothing to see on this road anyway," said Tang Qing.
Then.
Yu Sheng led them onto his own yacht.
Saying it’s his.
But actually, it’s registered in the name of the family company; otherwise, how would a ’student’ have the money? All the money is the family’s, even though he is the heir, not all the family property will be his.
To prevent an incompetent heir.
The Yu Family is similar to the Ge Family; the main assets are all under the family trust, no one has absolute ownership, not even the family head; they only have the right to move resources. This kind of family model is widely popular in the circle.
Otherwise.
The heir is foolish.
Being kidnapped.
Or losing in gambling.
Or being cheated by women.
...
Family property has been prepared for others’ weddings.
Why bother then?
Therefore.
Such insurance measures are very necessary, whether as an heir or a family head, you can make wrong decisions, invest unsuccessfully, or even spend billions on cars and houses to enjoy.
It’s all acceptable.
This is your right.
But.
Random transfer of family property to oneself or others is not allowed.
Otherwise.
A woman marrying a family head and then divorcing to obtain half of the family wealth is absurd; who would agree to that? By being incorporated into the family trust, the marriage can’t take it away.
This is what a family is called.
Otherwise.
What’s the difference with just a household?
In this way.
The wealth of a family amassed over decades or even centuries can be protected to the maximum extent.
Many people have suffered from this sort of trouble in the past.
The heir, for various reasons, gambling, being kidnapped, or tempted, actively or passively spent all the money of the family. Some people even specifically plot to seize these inheritances.
Latterly.
Such a system gradually formed.
A family is a family.
An heir is an heir.
If debts are incurred.
If it’s a small amount, it’s negotiable.
If it’s large, sorry, they don’t even it up. Since these properties are all under the family trust, no country has a law that allows a family fund to repay personal debts.
Therefore.
Outsiders can’t plot to seize these assets.
It’s also for this reason.
The education for these family children is very strict, their families not only teach them about power, dealing with affairs, but also how to prevent being plotted against. Over time, these people also become masters of plotting.
One can only say.
Their education is excellent.
...
The yacht sails on the lake surface.
There are rules here.
The yacht cannot be too large.
This is a lake after all, although it’s rather large. Wealthy people comply well; if they want to play with big yachts, they just go to the sea, they don’t lack such toys, they have properties everywhere.
On the deck.
"Boss Tang, if it weren’t for your tight schedule this time, I could have been your guide, taking you around Europe. Although it can’t compare to the vast beautiful landscapes of our homeland, the exotic styles here are also quite interesting,"
Yu Sheng said to Tang Qing.
Upon hearing this.
Tang Qing smiled and shook his head.
"Maybe next time."
The forum ends, and only a week remains until the Spring Festival; there is no time to wander around here.
"Okay, next time you come, you must let me know."
Yu Sheng nodded and said, as the Chinese New Year is approaching, he has no reason to keep him, there are also a lot of things to handle in his own family. Chinese New Year, for large families, is also a ’big event’.
Sum up the past.
Look forward to the future.
Discuss last year’s studies, main activities, new acquaintances, business situations, etc. This is the tradition of the Yu Family. Inside the family, there’s always been a substantial atmosphere of learning and summarizing.
Before the New Year.
Meeting Tang Qing.
He felt a great harvest; at the Davos Forum, he had no qualification to enter the venue, unless using the family’s quota, but the conference hall does not allow assistants or bodyguards, and the quota is limited.
Going to the town is possible.
But entering the conference hall requires an invitation from the organizing committee.
It seems.
He could only watch Tang Qing’s speech on TV.
