The Birth of Shanghai's First Conglomerate

After being severely criticized by her grandfather, Chen Wuyou never threw another tantrum.

As for her favorite celebrity idol, An An directly sent him there.

Celebrities are like that; if you don't investigate them, then once you do, ten out of ten will have their careers ruined.

In more serious cases, he could easily be sent to jail.

This is a minor matter for her; it's just something that happened at home.

The real problem was Chen Lu's illegitimate son. An An expelled the offending illegitimate son from Jingyan Island and sent him to prison with the most severe legal measures.

This is to give Jingyan Island an explanation.

If the Chen family members are already in such a state after committing crimes, then the situation will only get worse for the descendants of others.

After returning to Shanghai for a few days, Chen Pingsheng went to visit his younger sister Chen Qi and his older sister Chen Yao.

As expected, the eldest sister, Chen Yao, will be leaving soon.

With all the maintenance and longevity treatments she's received, my younger sister Chen Qi should have no problem living to be a hundred years old.

The three siblings of the Chen family are now all very old.

The entire lineage of the eldest sister, Chen Yao, is pursuing official careers.

Furthermore, the Chen family provides them with unlimited funds and business resources in the economic field. While they may not rise to prominence overnight, they can certainly advance faster by standing on their parents' shoulders.

His younger sister Chen Qi had just as many descendants as he did; Hu Qilin married four wives.

The younger one is in his early twenties. I married him a few years ago, but we didn't register our marriage.

The eldest is in his early fifties, and the age gap between his four wives is so large that it's hard to imagine.

The first wife has three children, the second wife has two, and the third wife also has two.

With the fourth wife also pregnant, her family now has seven or eight children.

Except for one child surnamed Hu, all the other children have the surname Chen.

Hu Lin lived his entire life in the shadow of the Chen family, unable to prove himself, let alone allow his children to take his surname.

Even his son, Hu Qilin, wished he could change his surname to Chen.

Chen Pingsheng treated his younger sister well his whole life, because she was his only sister.

He held her as she grew up, and she continued to be taken care of by him even after they went to the capital.

Now she's seventy, and she still relies on her older brother for everything.

The younger sister's side has many descendants, and Hu Qilin's own abilities are limited. Over the years, he has married more and more wives and had more and more children.

Needless to say, the expenses are obvious.

The younger sister's net worth is still limited. At the rate Hu Qilin is squandering his wealth, he probably won't last past the third generation.

Chen Qi still wanted to ask her older brother for help at the last minute.

"Brother, we're all getting old, and our eldest sister is nearing the end. Qilin hasn't made much money over the years, and we have more and more children. I can only ask you to help me with this last favor."

Chen Pingsheng made her a cup of tea and handed it to her, saying, "Just tell me what you want me to do. This is the last time!"

"Brother, could you give me 10% of your shares in the Las Vegas casino? Also, don't you have a super building in Hong Kong that generates billions in rent every year? I only want those two."

Chen Qi wasn't embarrassed at all; the person in front of her was her own brother, the person she relied on most in her life.

She's been inseparable from her older brother since birth, and that's even more true now.

Chen Pingsheng didn't hesitate at all; money was the least important thing to him.

The Las Vegas at sea generates at least 40 billion in profit annually. If you add the building in Hong Kong, Chen Qi's business here will generate no less than 6 billion in net profit every year.

Chen Pingsheng said, "I can give them to you, but it must be in the form of a fund. You can only receive the profits from it, and you have no right to sell these shares."

Chen Qi: "Brother, thank you so much. I knew you wouldn't abandon me." Chen Pingsheng shook his head. "Your brother is getting old, and there's not much I can do to help you anymore. You only have one son, Hu Qilin, but he has many children and a wife. Try to avoid a family property dispute in the future. You have to find a way to control this part. Don't let this become a laughing stock before I'm even dead."

“I understand, brother,” Chen Qi said.

"Go see my older sister. I'll make sure everything is arranged for her later years in the next year or two."

The eldest sister, Chen Yao, is almost 85 years old now. She has no regrets in her life. She has a husband who treats her very well and two very obedient and ambitious daughters.

Chen Pingsheng gifted all of his top-tier city commercial real estate holdings, including more than 500 commercial storefronts, to his eldest sister.

Similarly, by forming an asset package, no one can sell these assets; they can only own the continuous profits generated by these assets each year.

The total annual output will not be less than 5 billion.

This means that no family will ever lack money again, and there is absolutely no need to worry about the Chen family having any financial problems.

It's almost certain that families like theirs would pursue official careers not for money.

Any member of the Chen family who passes the civil service exam can receive a minimum annual salary of five million from the family trust fund.

The highest is 50 million.

This does not include the money the family spent on buying them houses and other assets.

With this economic foundation, the Chen family only needs to work hard and strive for progress.

The Chen family in Shanghai will take care of everything else for them.

The Chen family of Shanghai has developed to the point where it is now integrated into both politics and business, and outsiders have no idea just how powerful they are.

It would be foolish to assume they are rich.

Chen Pingsheng has another task to do soon: to package Tengnong Breeding and then bring it back under state ownership.

It quickly became the largest state-owned enterprise in China focusing on people's livelihood.

Based on the scale of Tengnong's aquaculture operations, this should at least qualify as a ministerial-level state-owned asset.

He will definitely insert a few important members of the Chen family into the company so that they can all enjoy the benefits of this transition from private to public ownership.

The family arrangements have been clearly planned, and even the descendants on the eldest sister's side are changing their surname to Chen.

This shows just how many people are in their large family.

After Chen Pingsheng took his younger sister Chen Qi to visit his older sister Chen Yao at his family hospital, Chen Yao passed away less than a year later.

She buried herself in her hometown, next to her parents.

It can be considered a return to one's roots. After seeing off his beloved family again, Chen Pingsheng's heart was at peace. In his old age, only loneliness remained.

In the vast Chen family of Shanghai, there are very few people who can still speak to him properly these days.

Two years later, Chen Pingsheng celebrated his 80th birthday.

He hosted a grand family banquet for himself in Jinshan, Shanghai, and An'an, Chen Xinyi, Chen Lu and others all vied to take photos with him.

His most important wife was missing from the family photo.

Chen Pingsheng also left a lot of assets to his juniors, which is probably the main reason why they like to celebrate his birthday.

When people get old, they must have something to keep them company, otherwise they may not have any close relatives left before they die.

He may not go that far, but he will certainly be on guard.

Everyone grows old eventually; it's just a matter of time.

In a few years, he will find a place to live in seclusion and quietly bury himself next to his wife.

Life has no past, only the journey home.

(End of this chapter)