Back to 80: My Literary Life
Chapter 555: Foundation and Judges Office Established
Song Tangtang hurriedly sat down, and the couple laughed for a while before getting back to the point.
"Minghua, you registered a courtyard house under the name of the foundation. Do you want to preserve the value of the foundation's property like the Nobel Prize Foundation?"
"Yes. How can you just keep the money in the bank and earn interest?" Fang Minghua said:
"You have to invest. In fact, the best investment channel is the stock market, but the two stock markets in Shanghai and Shenzhen have just opened in China. There are only eight stocks in Shanghai now, 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 speculate in stocks. Not to mention speculating in stocks, it is quite difficult for mainland funds to go out."
That's true.
Song Tangtang nodded.
Now the domestic funds are strictly controlled. Domestic residents can only buy foreign exchange equivalent to 60 US dollars for self-funded study abroad, equivalent to 200 US dollars for overseas mail order, and equivalent to 750 US dollars for pilgrimage, etc.
In 1988, Fang Minghua's second overseas expenses, including the funds he used to support Li Li, were all paid from his own account abroad.
Of course, if you are going to violate the law and go to the black market, that is another matter.
Fang Minghua has his own fund accounts in the United States and Hong Kong. The royalties 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 fund accounts in the United States.
He did not let the funds lie dormant in the account. In 1988, he took the opportunity of going abroad to receive an award and invested all the more than 7 million US dollars in the account into the Nasdaq stock market. In recent years, the royalties and company dividends were also entrusted to Li Li to be invested in the stock market one after another, and only about 500,000 US dollars were kept in the account for emergency.
Now the original principal invested in the US stock market is about 20 million US dollars, and only three stocks are bought.
Apple, Microsoft and Dell!
There is not much money in the domestic account. In addition to the royalties from the publication of several books by Shengshi Books, there is also a part of the dividends from Shengshi Group, about 9 million RMB, and the capital injection in the foundation this time accounts for nearly one-third.
Therefore, buying a courtyard house in Yanjing in the name of the foundation may not produce any immediate effect, but it will definitely be a considerable profit in 20 or 30 years.
"Minghua, in the future, I want to open a branch in Hong Kong in the name of Shengshi Films or Shengshi Group." Song Tangtang suddenly said.
"That's fine. You should discuss it with Hongjun. Business will definitely be done overseas, and the first stop is Hong Kong!"
Fang Minghua, who is doing business at Shengshi Company, did not ask about it. His current energy is mainly focused on organizing the Chinese Literature Award.
After returning to Xijing, he first reported to the leadership team of the Provincial Writers Association about his visit to Yanjing and Shanghai. Although this award was actually mainly organized by him, it was under the name of the Provincial Writers Association after all, so he must report it and strive for the support of the Writers Association.
Of course, buying a house and some details cannot be said.
Then it was to find an office, select staff, purchase necessary office equipment, apply to the relevant departments for the registration of the foundation, and prepare for the listing ceremony.
Busy 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. Because today is the day when the foundation and the jury office are unveiled.
The office is located in Fang Minghua's office in the Writers Association.
The Writers Association is in a tight housing situation. I heard that the Writers Association building under construction is far from being completed, so Fang Minghua asked someone to vacate and clean a room in the corner of the yard where miscellaneous items were stored, and used it as one of the offices, and also used his own room.
Seeing that the two offices were really shabby, Lu Yao took the initiative to offer his office in the Writers Association as well - he rarely used it anyway.
His office is next to Fang Minghua's office, so there are three rooms, which is barely enough.
Song Tangtang originally suggested that Fang Minghua put the jury office in their Shengshi Group building - the environment there is much better, but Fang Minghua refused after consideration.
The jury has just started to operate, and it is better to put the office in the Writers Association compound to enhance its authority and wait until its reputation is established.
The staff was basically in place. The Writers Association and Yanhe Magazine transferred four people, including Zhang Yanqian, the editor of 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 Qin Normal University and was assigned to the magazine. She admired him very much.
After several years of training, Zhang Yanqian has become a qualified editor. This time, Fang Minghua took the initiative to ask to come here, so he simply appointed her as his deputy - deputy director of the jury office.
In addition, Fang Minghua specially transferred a financial staff member from Shengshi Company to serve as the accountant of the foundation and office. His surname is Qian, Qian Huiqin.
Qian Huiqin, about 40 years old, is very capable. This is Song Tangtang's careful selection. This account must be managed by one's own people, and also loyal.
Li Hongying also came from Shencheng after graduation. She came by train a week ago. As the hostess, Song Tangtang specially invited her to a restaurant for a meal to express her welcome.
The accommodation was arranged in the magazine's family 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.
They bought some necessary furniture, and also had to pay Li Hongying a salary - 420 yuan per month, which of course had to be paid from the foundation.
Now, Zhang Yanqian, Li Hongying and several staff members are busy greeting guests. In addition to the staff of the Writers Association, there are also leaders of relevant departments and senior officials in charge of culture and education who are on the scene - of course, there are also a large number of media reporters.
The People's Daily, Guangming Daily, Qin Province Daily, Xijing Daily, Qin Province TV Station and Xijing TV Station are full of people in the whole yard.
At 8:30, the ceremony began. The senior officials representing the provincial party committee and government, Hu Cai, chairman of the Writers Association, and Fang Minghua, the main person in charge of the preparation of the literature award, jointly unveiled the red silk hanging on the two signs at the door, and the whole audience burst into warm applause.
Then the senior officials and Hu Cai delivered passionate speeches on behalf of the provincial party committee and government and the Qin Province Writers Association, respectively. The general idea is that this is a very memorable day. Our Qin Province and even China finally have a world-class literary award. I hope it can be run well, with characteristics and standards.
Warm applause broke out in the yard again.
After the unveiling ceremony, the senior officials visited three offices accompanied by Fang Minghua. Although the rooms were small, the equipment inside was quite advanced.
Computers, printers, and copiers were all available. A fax machine was also purchased, and a wall-mounted air conditioner was installed. A group of leaders praised it, but some 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 it.
After the leader took a look around, he went home, and everyone dispersed, but Fang Minghua still had a very important job, accepting a special interview with Guangming Daily.
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