Rong Family'S Centennial Business Legend

At 20:31 on October 26, 2005, a sad news came that Comrade Rong Yiren died in Beijing at the age of 89.

The legend of the centenary family passed through his perfect life, like a page of Hua Zhang gently knocking the last rest, the melody stopped in an autumn.

From the beginning of modern times, the third generation of the Rong family has made great contributions to China's economic development.

The enterprises founded by Rong Chung Jing and Rong Desheng brothers are the forerunner of Chinese national enterprises. After liberation, Rong Yiren supported the three major pformations of the Chinese government and played a very positive role in the development of China's economy. After the reform and opening up, the third generation Larry Yung Chi Kin and other people made great contributions to the development of China's market economy and new national enterprises.

Renmin University of China, Professor of economics, Gao de step evaluation.

The chairman of Hengda textile Limited by Share Ltd, chairman of the Shanghai Flour Industry Association, vice mayor of Shanghai, deputy director of the Ministry of textile industry, vice chairman of the China Association for the promotion of peace, vice chairman of the CPPCC National Committee, vice chairman of the Standing Committee of the National People's Congress, chairman and general manager of China International Trust Investment Company, member of the Drafting Committee of the basic law of the Hongkong Special Administrative Region, chairman of the board of directors of Jinan University, and vice chairman of People's Republic of China...

From the rich and the rich to the strong entrepreneur, and then to the red politician, until the wise politician, Rong Yiren's identity has experienced the dramatic change that ordinary people can hardly imagine.

In a specific historical environment, Rong Yiren and his family and the huge commercial empire that he has continued and developed has become a unique legend of China in the past hundred years.

In 1949, when the Kuomintang regime collapsed on the eve of the collapse of the Kuomintang regime, there was a big concussion within the family of Rong Yiren.

Many people in the family have gone overseas. The outflow of capital has made the Rongshi enterprises in the mainland badly hurt.

Rong Yiren's father, Rong Desheng, believed that "life has not done evil, and how to escape abroad". At the end of the day, Rong Desheng and Rong Yiren and his sons decided to stay on the mainland.

After the liberation of Shanghai, Rong's enterprises faced difficulties. At that time, the party and government vigorously supported the Rongshi enterprises and achieved a new recovery.

The trust between Rong Desheng and his son and the Communist Party was thus established.

"Along with the Communist Party, this road is the right way for me."

Rong Yiren once commented on his cooperation with the Communist Party of China.

At the same time, "sticking to prudence, prudence and never speculation" is the legacy left by Rong Jia Zu. Rong Yiren has been warning himself in this sentence and has established a good reputation in the market.

These two conditions are important reasons for the prosperity of the commercial empire.

In 1954, Rong Yiren first proposed to the Shanghai municipal government to public-private partnership in his industry. This move played a positive role in Shanghai's pformation of private industry and commerce.

Rong's business also ushered in new vitality.

For the first time, Chen Yi met with "high-ranking officials", "1949," the Communist Party's million armies crossed the Yangtze River and swam south.

I do not stay in Shanghai with the belief that the Communist government will never be worse than the Kuomintang government.

In his memoirs, Rong Yiren said that when the PLA entered Shanghai, there were two doubts in his mind.

The first is whether there is any guarantee for the safety of life, and the two is whether there is hope in running the industry.

But the real action of the PLA made Rong Yiren have a new understanding of the Communist Party. The PLA slept on the road and ate its own steamed buns, without moving the "needle and thread" of the people of Shanghai.

Even more vivid in Rong Yiren's memory is the scene of the first meeting with Chen Yi, the Communist Party's "grand official". At that time, Chen Yi, the mayor of Shanghai, was humorous, soft and gentle, and a sincere attitude, which made Rong Yiren's heart steady.

Chen Yi also went to Rong Yiren's home with Mrs. Jess Zhang, vice mayor of Shanghai Pan Hannian and Mrs. Dong Hui to condolence, and solicited their opinions on the production and industrial and commercial policies of the enterprise.

Driven by the work style of the PLA and Chen Yi's personal charisma, Rong Yiren began economic cooperation with the Communist Party.

In 1950, the Kuomintang's "two. Six bombing" incident caused Shanghai to be severely damaged.

Rong Yiren's difficulties in producing and financing enterprises are unable to pay wages for a time.

But on the eve of the lunar new year, when workers waited for the Chinese New Year's salary, many workers came to Rong Yiren's home and asked for immediate wages.

In the face of such embarrassment, the Shanghai municipal government gave Rong Yiren strong support.

On the day of the incident, the Shanghai municipal government arranged for Rong Yiren to stay in Shanghai Mansions.

In addition, we immediately notify the responsible persons of the departments concerned and the trade unions to do the ideological work of the workers, asking everyone to understand the difficulties and situations of the management, and comply with the government's policy of protecting industry and commerce, thus easing the contradiction.

The Shanghai municipal government not only effectively alleviated the contradictions between employers and employees, but also adopted a series of measures to support Rong Yiren's national cotton textile industry.

Such as encouraging imports of cotton and exemption from import duties.

In order to ease the funding difficulties of the Shenxin system, the Shanghai municipal government has also granted preferential loans to Rong Yiren's enterprises through the people's Bank of China, Xinhua bank and Siming bank.

In response to this, Rong Yiren once sighed: "this way of doing things in a timely manner is quite different from that of the Kuomintang.

Let me be more determined to work together for the prosperity of the motherland under the guidance of the Communist Party of China.

After the the third Plenary Session of the 11th CPC Central Committee, Rong Yiren began to emerge from the turmoil of ten years of turmoil.

In order to explore the way of international economic cooperation, with the support of Deng Xiaoping, in October 1979, a China International Trust Investment Company investment institution directly under the State Council, CITIC, was set up.

Under the leadership of Rong Yiren, CITIC has extended its functions to various fields, including banking, trading companies, law, accounting firms and other functions, including loans, import and export trade, consulting, international bidding agents and other businesses, and has accumulated valuable experience in international economic cooperation.

First, it is called the "Yizheng model" to issue overseas bonds.

In the early 80s of last century, a major project in China's 22 key projects, the Yizheng chemical fiber project in Jiangsu, was ready to dismount due to insufficient investment.

China is in urgent need of chemical fiber products. The loss of this project is difficult to predict. The Ministry of textiles found CITIC company to seek help. After careful study, CITIC put forward a way to issue bonds abroad.

In February 1981, CITIC successfully issued 10 billion yen bonds in Japan.

At the same time, CITIC boldly opened up the leasing business.

In 1981, CITIC jointly established a leasing company with Beijing mechanical and electrical company and a Japanese company to lease 200 car rental cars from Japan, Beijing and the capital of Beijing.

CITIC helps taxi companies to solve their foreign exchange problems, while auto companies pay RMB.

In less than two years, the rental car from the two rental companies earned all the money they had paid.

Since then, leasing has even developed into a major business system in CITIC.

The system includes China Leasing Company Limited, China Eastern Leasing Co., Ltd., and Leasing Department of CITIC Industrial Bank.

In the late 80s of last century, Rong Yiren led CITIC to start the battle to acquire Hongkong.

In January 16, 1987, CITIC decided to acquire 12.5% stake in Cathay Pacific.

Subsequently, it acquired 38.3% of the shares of Hongkong Dragon Airlines and acquired 20% of the shares of the telecom company.

At that time, there were more than 1000 mainland capital system enterprises invested in Hongkong, with a total investment of more than 25 billion US dollars, of which 2 / 3 were owned by CITIC group, Huarun group, Everbright industry, Bank of China, China Merchants, China Travel Service and so on.

Rong Zongjing, Rong Desheng, the founder of Rongshi's commercial empire, the most famous modern industrial and commercial family in Wuxi, was born in the early twentieth Century.

Rong lane, the Five Mile Lake on the foot of Huiquan mountain, Wuxi, is a typical town in the south of the Yangtze River.

In 1873, Rong Xitai, a small farmer and half businessman, was born with a baby, a son, Torina Eijongjing.

Two years later, Rong Desheng, the second son, came into the world.

Rong family had once been a high-ranking official, but in the Rong Xitai generation, his family declined.

Rong Yiren's grandfather, Rong Xitai, entered the blacksmith shop as an apprentice when he was a little boy. When he was an adult, he became a man in charge of the house as a teacher, and barely supported his family.

Because of his poor family, Rong Zi Tai, the eldest son of Rong Xi Tai, had to leave school when he was 14 years old. He was an apprentice to an iron anchor factory in the southern city of Shanghai.

It was 1886.

Rong De Sheng, two years younger than Rong Jung Chung, studied in a private school because his father had great hopes for him. He thought he would be an official in the future.

Rong Desheng did not think so. He had always used his brother as an example of his study and wanted to share his worries for the family. Three years later, 15 year old Rong De Sheng rocking the noisy Shanghai in the outskirts of Wuxi.

With the recommendation of his elder brother, Rong Desheng entered Shanghai to become an apprentice in the money bank. At that time, Rong Chung Jing was an apprentice in another bank.

Rong Chung Jing has great talent and talent, while Rong De is born with words and deeds, and he is honest and diligent.

The two brothers laid the foundation for Rong's business family.

In 1896, Rong brothers and his father set up a Guangsheng silver village together, but they thought that "the banks should set aside their accounts and gain small profits" rather than invest in industry.

At that time, they saw the large quantities of foreign flour imported from the duty-free country and sold well, so they decided to prepare a flour mill.

[Page] in October 1900, they made a profit of 6000 yuan, making the first flour mill, Baoxing flour mill, and their products were very popular.

In 1913, Rong brothers invested 40 thousand yuan to establish a Fuxin flour mill with a joint venture, and the product was sold out before leaving the factory.

In less than a year, it will make a profit of 32 thousand yuan and a profit rate of 80%.

By the end of 1921, there were 12 flour mills run by Rong brothers, distributed in Shanghai, Wuxi, Hankou, Ji'nan and other places. The flour of each factory sold well all over the country, and its "army ship" brand flour sold further to Britain, France, Australia and Southeast Asian countries, and exported to 800 thousand tons during the "one world war", enjoying a high reputation at home and abroad.

Rong brothers became the famous "flour king" in China.

The success of the operation of flour mills has further promoted their keen interest in investing in industry.

Rong brothers invested 180 thousand yuan in 1915 to set up Shenxin textile company.

In 1922, there were 4 factories in Shenxin, and more than 13 pieces of yarn were produced. It became a large scale textile enterprise.

The development rate of Shenxin was far more than that of other ethnic textile factories. The growth rate of yarn growth in the 20s of last century even surpassed that of the Japanese textile mill in China.

Shen Xin's "human clock" brand cotton yarn has been sold well in the market and become one of the famous cotton yarns in China, and the Rong brothers are known as the "cotton king" in the old China.

As the rising of national finance and national industry, the Rong family reflects their differences, such as the company's "unlimited company" practice. The board of directors only enjoys stock rights, is not responsible for specific affairs and macro decisions, and trusts the general manager with full authority.

The principle of "eating two ends" is that the flour mills need to use flour bags to develop the cotton mill, and carry these two pieces together to form the flour and textile empire.

In 1916, Rong Yiren was born when Rong's career prospered.

He is Rong Desheng's favorite son, but he is strict in discipline.

Rong Yiren's birth mother Cheng Huiyun is also strict in disciplining his son.

Though she could not read herself, she never gave up her son's education.

"You must grow up in the future to be a man of nature, and do a great undertaking like your father."

She said.

In 1937, when Japanese imperialists launched the war of aggression against China, the Rongshi enterprises were unprecedentedly havoc. For instance, the factory of Shin 8 and Mao Xin were destroyed in the flames of war.

In the 8 years of the war, about 1 / 3 of the yarn spoil, more than half of the cloth and 1 / 5 of the mill were damaged and destroyed. Most of the surviving machines and equipment were robbed by the "military management".

Rong Rong Jing, who stayed in Shanghai, witnessed the destruction of his career and suffered serious mental trauma. In February 1938, Rong Chong Jing became a disease and died.

On the eve of the liberation of Shanghai, Rong De Sheng tried to prevent the relocation of factories and capital. At last, most of the machinery and equipment of the enterprises were well preserved, leaving a great wealth of social wealth for new China.

After the founding of the people's Republic of China, Rong Desheng was elected to the first National Committee of the Chinese people's Political Consultative Conference (CPPCC). He was a member of the East China military and Political Committee and the South of Jiangsu people's administration.