Back to 80: My literary life.

Chapter 555 Foundation and Judges Office Established
Song Tangtang hurriedly sat down, and the couple laughed and joked for a while before getting back to the topic.

"Minghua, you registered a courtyard house under the name of the foundation. Do you want to preserve the value of the foundation's assets like the Nobel Prize Foundation?"

"Yes. How can we just put our money in the bank and earn interest?" Fang Minghua said:

"You have to invest. In fact, the best investment channel is the stock market. However, the two stock markets in China, Shanghai and Shenzhen, have just opened. There are only eight stocks in Shanghai, so it is impossible to invest. The Hong Kong stock market is very prosperous, but our mainland funds are not allowed to go to Hong Kong to invest in stocks. Let alone investing in stocks, it is quite difficult for mainland funds to go out."

This is true.
Song Tangtang nodded.

Domestic funds are now strictly controlled. Domestic residents can only purchase foreign exchange equivalent to US$60 for self-funded study abroad, US$200 for overseas mail order, and US$750 for pilgrimage, etc.

In 88, Fang Minghua's second overseas travel expenses, including the funds he had used to support Li Li, were all paid from his own account abroad.

Of course, if you plan to break the law and go into the black market, that’s another matter.

Fang Minghua has his own financial accounts in the United States and Hong Kong. The royalties income from Hong Kong, Taiwan, Japan, Europe and the United States, as well as the annual dividends from Sun Lizhe's company, were not remitted to China, but were all concentrated in the financial accounts in the United States.

He did not let the funds lie dormant in the account. In 88, he took advantage of the opportunity of going abroad to receive an award and invested all of the more than 700 million US dollars in the account into the Nasdaq stock market. In recent years, he also entrusted the royalties and company dividends to Li Li and invested them in the stock market. He only kept about 50 US dollars in the account for emergencies.

The original capital invested in the U.S. stock market is now about 2000 million US dollars, and only three stocks are purchased.

Apple, Microsoft and Dell!

There is not much money in the domestic account. In addition to the royalties from several books published by Shengshi Books, there is also a portion of dividends from Shengshi Group, which is about 900 million yuan. The capital injection into the foundation this time accounts for nearly one-third of it.

Therefore, buying a courtyard house in Yanjing in the name of the foundation may not produce any immediate effect, but it will definitely generate a considerable profit in twenty or thirty years.

"Minghua, in the future I want to open a branch in Hong Kong under the name of Shengshi Film and Television or Shengshi Group." Song Tangtang suddenly said.

"That's fine. You should discuss it with the Red Army. We will definitely expand our business overseas, and the first stop will be Hong Kong!"

Fang Minghua, who is in charge of the business of Shengshi Company, does not interfere in this matter. His current focus is on organizing the Chinese Literature Award.

After returning to Xijing, he first reported to the leadership team of the Provincial Writers Association on his trip to Yenching and Shanghai. Although he was actually the main organizer of this award, it was after all under the name of the Provincial Writers Association, so he had to report it and seek support from the Writers Association.

Of course, buying a house and some details cannot be discussed.

The next step is to find an office, select staff, purchase necessary office equipment, apply to the relevant departments for registration of the foundation, and prepare for the listing ceremony.
After a busy period until early July, the foundation and the jury office were finally established.

This morning, the backyard of the Provincial Writers Association was particularly lively. Several vice chairmen and some directors of the Writers Association, who were rarely seen, appeared in the yard. This was because today was the day when the foundation and the jury office were unveiled.

The office is located in Fang Minghua’s office in the Writers Association.

There was a shortage of housing in the Writers Association. It was heard that the construction of the Writers Association building was nowhere in sight, so Fang Minghua asked someone to vacate and clean a room in the corner of the yard that was used to store miscellaneous items, and used it as one of the offices, and also used it as his own room.

Seeing that the two offices were really shabby, Lu Yao offered to donate his office in the Writers Association as well—he rarely used it anyway. His office was next to Fang Minghua's office, so there were three rooms, which was barely enough.

Song Tangtang originally suggested that Fang Minghua place the jury office in their Shengshi Group building, where the environment was much better, but Fang Minghua refused after consideration.

The jury has just started operating, so it would be better to place the office in the Writers Association compound to enhance its authority until its reputation becomes known.

The staff are basically in place. The Writers Association and Yanhe Magazine have transferred a total of four people, including Zhang Yanqian, an editor from the Yanhe editorial department.

Zhang Yanqian was originally the editor of the prose and poetry group. When Fang Minghua was the deputy editor-in-chief of the prose and poetry group, the girl had just graduated from Qinshi University and was assigned to the magazine. She admired him very much.

After several years of training, Zhang Yanqian has become a qualified editor. She took the initiative to ask to come here this time, so Fang Minghua simply appointed her as his deputy - deputy director of the jury office.

In addition, Fang Minghua specially seconded a financial staff member from Shengshi Company to serve as the accountant of the foundation and office. Her surname is Qian, and her name is Qian Huiqin.

Qian Huiqin, who is about 40 years old and very capable, was carefully selected by Song Tangtang. The accounts must be managed by someone from within, and she must be loyal.

Li Hongying also came from Shanghai after graduation. She came by train a week ago. As the hostess, Song Tangtang invited her to a meal at the restaurant to express her welcome.

The accommodation was arranged in the magazine's staff building - after Fang Minghua's sister and her family moved to Xingfu Community, this house became vacant, and the couple decided to let Li Hongying live there.

To buy some necessary furniture, and also to pay Li Hongying's salary - 420 yuan per month, these funds must of course be paid from the foundation.

Now, Zhang Yanqian, Li Hongying and several staff members are busy greeting guests. In addition to the Writers Association staff, there are also leaders of relevant departments and senior officials in charge of culture and education who are present at the scene - of course, there are also a large number of media reporters.

The entire yard was filled with people from the People's Daily, Guangming Daily, Qin Province Daily, Xijing Daily, as well as Qin Province TV and Xijing TV.

At 8:30, the ceremony began. Senior officials representing the provincial party committee and government, as well as Hu Cai, chairman of the Writers Association, and Fang Minghua, the main person in charge of the preparations for the literature award, jointly unveiled the red silk hanging on the two signs at the door, and the audience burst into warm applause.

Then, Gao Guan and Hu Cai delivered passionate speeches on behalf of the provincial party committee, provincial government and Qinzhou Writers Association, saying that this was a very memorable day, and that Qinzhou and even China finally had a world-class literary award, and they hoped that it could be run well, with distinctive features and high standards.
There was another round of warm applause in the yard.

After the unveiling ceremony, the senior officials, accompanied by Fang Minghua, visited three offices. Although the rooms were small, the equipment inside was quite advanced.

Computers, printers, and copiers are all available. A fax machine was also purchased and a wall-mounted air conditioner was installed. A group of leaders who saw this praised it, but one also criticized it.

"Hey, Chairman Fang, you have computers in your office, why don't you lay out a red carpet? This thing is very delicate."

Fang Minghua's mouth twitched when he heard this.

After the leader took a tour, he went back home and everyone else dispersed. However, Fang Minghua still had a very important job to do, which was to accept a special interview with Guangming Daily.

(End of this chapter)