5/6/08

Highlights the mainland of China "-the second-generation"

Study of "Forbes" China's rich information will be found, the individual holders of the Regal total wealth has increased significantly, 2005, 100 Regal is the property of 1.612 billion yuan, while in 2006, 100 of the property tycoons, Reached 2.4 billion yuan. After three generations in the United States if the efforts to create a rich, then in China to 20 can be completed on one side, "Niu people." A report shows that mainland China's 10 million rich people close to 240,000 people, small and medium-sized enterprises are more family. The existing more than 3 million private enterprises, family businesses account for more than 80 percent. Zhejiang University School of Economics, Professor Chen Ling said that, if in accordance with normal inter-generational transmission of the family, are eligible to become millionaires and millions of wealthy New China "-the second-generation" will be endless. The study showed that about 70 percent of family businesses can not spread to the second generation, 88 percent of the family business failed to reached the third generation, only three percent of fourth-generation family business in the future and is still operating. All this so that the arduous pioneering Chinese tycoons have sleepless nights.
"Wealth generation" carefully cultivating future generations
"Fu second generation" of their fathers and the living environment is entirely different. "Wealth generation" are often superior to their children's living conditions, also placed more hope, for their children's education as a top priority. And "rich people" contact some scholars, "rich people" in more than busy three things: First, the development of enterprises and the second is to deal with the government, and the third is the education of their children. They hope their children will inherit the future of their cause, many people to send their children abroad, the best universities, such as Cambridge, Harvard, Yale. In order to continue the business, "wealth generation" multi-well intentioned, they pay attention to cultivating the "second-generation rich" Chikunailao spirit, eliminate their sense of superiority. China Insurance Group WU Liang and not readily available for the company to his son Wu Jie, but gave him 1 million yuan, to his own business. When he founded the success of the Group, the only enterprise to him. Wu Jie, only to have their own Work hard but successful experience, can we have experience and sense of responsibility, and the recognition by others. Fuyao Group Shaoshuai Cao Hui growth trajectory and many "second-generation rich" very different, compared to many rich and early arrangements for their children studying abroad to return home to take over the road of life, Hui Cao road more brilliant. He did not graduated from high school to work in Huamin company, soon after entering the Fuyao Group production workshop, from the bottom of the workers stem from. To Duozheng wages, often with the workshop on behalf of the workers to work overtime, work hours a day for as long as 10 hours, was laughing so called "Tsao Gelang Tai." After a year and a half, as well, he was promoted to squad leader workshop, this experience has cultivated Cao Hui independence. After he has chosen to the United States to study, in the United States after graduating from Fuyao care of the business in North America, and led the team to win the anti-dumping lawsuits. For children to learn the issues, said Cao Dewang, he was also seen relatively open, he did not want to interfere in a matter of too many children, what kind of person take what kind of road, the key to suit their own. "I am not only limit his drug use, other does not matter." Cao Dewang said.
"Shaoshuai" or "Shaoye"
It seems that in the outside world, "Fu II" is such a group of young people: the rich-that is, your background, Jinyiyusi, often shuttle in Paris, New York, Hong Kong, and other fashion capital, on the first line is the latest international brand name , Yizhi million payment to them is normal. For them to inherit the wealth of knowledge, skills, far ahead of their peers, whether it is education, vision, or dealing with the Government of proficiency, "second-generation rich" is much more outstanding than their parents, they would never do not have to start from the bottom Struggle. Some took over the baton "Shaoshuai" in the drive to young people, parents pragmatic way of private enterprises to abandon their parents pay more attention to modern than the company's development strategy, more emphasis convergence with the world. It was summed up their universality: they believe in themselves, and dare to try, to accept new things, the rich sense of accomplishment and independence, but at the same time, their lack of willpower and lack of cooperation; they like Mao Jian, a leading talent. The end of 2004, nearly 100 people from Hangzhou Xiaoshan District commerce, law, the financial sector, "second-generation rich" who organized the Xiaoshan Junior Chamber of Commerce. "They have the strongest decision-making capacity is the capacity, organization and coordination capabilities, the ability of the weakest public relations capacity, ability, external development and marketing capability." Chamber of Commerce Deputy Secretary-General Zhao Jing said. The Chamber of Commerce is a learning organization, invited high-level economists, professors for them to do targeted seminars, tailored to each Member learning programmes. Some renowned economists such as Chen Dong Qi, Ba Shusong, Fan Gang, Zhao Xiao, Zhong Wei, and so are the think-tank members of the Chamber of Commerce. However, there are also some 'second-generation rich' Baptist Xi "Concubine", "arrogance" of gas, Yangzunchuyou in mind and the will of weakening, rather than "Shaoshuai" than "Shaoye." They extravagance and waste and domineering, while others indulge in Shengsequanma, relying on its own drug paralysis. As many family businesses there, "second-generation rich" poor management issues, Nan Cunhui, chairman of Zhengtai Group of the first set a precedent, the establishment of "Bai Jiazi Fund." He claimed: "If the shareholders children Cheng Qi, can be employed by the board of directors to the Zhengtai Group; if not, is Baijia Zi, the original shareholders will set up a fund, management experts from the fund to support those Baijia Zi." The purpose Zhengtai obviously is to prevent the decline in the hands of children and grandchildren。
Children are not necessarily willing to inherit family property
Zhejiang most of the "second-generation rich" is not always inherit the family business, and their parents are unwilling to engage in the same cause, but choose a more suitable, more promising new industries to enter. City of Zhejiang University Business School, many students have business backgrounds, so the school for three consecutive organized "Shaoshuai classes." "Shaoshuai classes" had been hoped, "led the family business to a new prosperity," but so far no students graduating from one home to help parents second pioneering. British teacher Wu family, the first batch of 29 "Shaoshuai classes," graduates only one to choose their own business. "I was not used, and parents to accept the direct cause, no sense of accomplishment that will allow me." One student said that too much pressure on the family business, father and son both concepts are often due to the differences in conflict, can not display their scuffle. A survey shows that 37% of the "second-generation rich" want to create a cause, 45 percent of the "second-generation rich" that is not yet a succession of quality, parents do not want to accept the cause. But there are successful examples of the 26-year-old Li Zhaozhuo will prove his is not "genetic Regal." In 2003, Shanxi Haixin Group Chairman Li Haicang was shot dead. When the 22-year-old Li Zhaohui suspended the students living in Australia, rush home and become the Haixin Group of the new helmsman. Haixin Group, led to his good performance. Industry-wide losses in 30% of the cases, he has achieved in four years to double the achievements of assets. "Second-generation rich" shaken the emergence of the Chinese people's concept of wealth and value orientation. It means, not through self-struggle has become a shameful You Chanzhe is no longer a matter of legitimate inheritance of wealth will be protected by law. Some scholars worry that, "second-generation rich" There is no doubt more highlighted the gap between the rich and the poor, intensifying Choufu psychological. Former director of the CASS Institute of Sociology Xue-Yi Lu believes that "the rich second-generation" is not constitute a new social strata. In the relevant law has not been published before, from public opinion, concepts, awareness, to guide, the rich part of the wealth through donations and other ways to contribute to the community, to achieve wealth-conditioning purposes.□

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