1994: From a young man from a small town to a second-generation resident of Shanghai

Chapter 9 Chen Fang's net worth is tens of thousands

His parents gave him 600 yuan when he came to Shanghai this time.

Don't underestimate this small sum of six hundred yuan; it's several months' salary for the couple.

When he goes to school, I will send him living expenses regularly.

When Chen Fang got off work and returned home, she didn't see Chen Yong. After waiting for a while, she finally saw him come back.

"Going out to play?"

"Hmm~ I went to Pudong for a look. Before I came here, I heard that they were developing the Pudong New Area. It is said that they will make it the national financial center in the future, comparable to Wall Street in the United States."

"You know quite a lot! It's true, there are a lot more financial companies there recently. The Shanghai Stock Exchange opened a couple of years ago, and it's located there too. A lot of people are going there to trade stocks."

Would you like to try stock trading? The feeling of becoming rich overnight and then poor again can give you a deeper understanding of money.

Chen Yong recalled that there was a stock market crash in 93, and many retail investors and institutions suffered heavy losses.

By now, he should have recovered some of his energy.

But he has no interest in stock trading.

In fact, the startup project he was preparing to undertake was even more profitable than stock speculation.

"How much money do I need to start investing in stocks? I've already spent the two thousand yuan my aunt gave me today."

"You've spent it all?" Chen Fang was quite surprised, but not angry at all. It was just two thousand yuan. She had just received a budget of 10 yuan. She could just ask that person for more when she had spent it all.

"Are you happy with the flowers?"

This time it was Chen Yong's turn to be taken aback, then he nodded. "Of course I'm happy. Shanghai truly lives up to its reputation as the most prosperous city in the country. Everything costs money. I spent all the money as my aunt instructed. At first, I was a little nervous, afraid that my aunt would scold me."

"Why am I saying this to you? You're my own nephew! If I don't love you, who will?"

Chen Fang smiled and patted his head, then put her arm around Chen Yong. "Come on, Auntie will take you to eat on Huanghe Road! I'll show you how rich people in Shanghai spend their money!"

The area around Huanghe Road used to be a concession, and the architectural style here is Western.

The International Hotel and Yangtze River Apartments are located here, and the racecourse of People's Park is right across the street.

There are a lot of people dining at the International Hotel, many of whom are involved in foreign trade or run companies.

These days, those in foreign trade make the most money!

Many of the goods in China have to be imported.

Back then, finding a supply channel was like having a golden rice bowl!

"This is your first time here, let me take a picture of you."

Chen Yong stood at the entrance of the International Hotel and asked Chen Fang to take a picture of him without thinking much about it.

Chen Fang used a Nikon film camera. Although digital cameras already existed at that time, their image quality was still inferior to that of film cameras.

After filming, Chen Fang considered her task complete.

Next time I send a photo, I can ask that person for money again.

She wasn't treating Chen Yong like a cash cow; once she got the money, they would spend it together!

After entering the restaurant, Chen Fang ordered a table full of dishes, and the bill came to 5000 yuan.

The meal Chen Fang treated Ye Huiling and He Li to in Xina County cost only three hundred yuan.

The cost of living in the two places differs by more than ten times.

When Chen Fang paid, she swiped her card using a POS machine. "In Shanghai, you can use credit cards for purchases. Some people use credit cards, but your aunt doesn't need to use a credit card."

"I'll get you a credit card later, so you can spend it however you want."

Even though Chen Yong knew that the money she spent was probably given to her by her wealthy biological father, he still asked, "Auntie, how do you earn so much money?"

Chen Fang was prepared. "Although your aunt is just a university teacher, she has a business partner with whom she started a company."

"Now that the company is doing well, I have shares in it and receive a substantial dividend every year, which I could never spend in my lifetime."

"What kind of company do you run?" Chen Yong asked curiously.

"Shengtian Media Company's main business is GG (Gross Media) and magazine publishing."

"Shanghai's leading GG (Girls' Generation) company is Shengtian, which also owns several fashion magazines and has expanded its business into the entertainment industry. The company is currently very profitable; conservatively estimated, it's worth several billion. I own 1% of the shares. How much do you think that's worth?"

"That must be tens of millions!" Chen Yong blurted out.

With that much money back in 94, you could spend it however you wanted. You could easily buy a few houses in the best locations and some promising stocks, and you'd never lack money for the rest of your life.

It's not surprising that he drives a Mercedes; a few thousand yuan a day for pocket money isn't much.

More importantly, the Shengtian Media Company that Chen Fang mentioned is very likely the company that person owns.

Chen Yong didn't know his biological father's name, so he could only use that person as a substitute.

He already owned a company worth billions in 94, so he seemed to have truly become a second-generation rich kid.

But here's the question: Does that person only have one child, or only have one son?

After dinner, Chen Fang said she wanted to go see the new house they were about to move to.

It is located on Zhoujiapai Road in the YP district, not far from Fudan University.

The university is located on Handan Road in YP District.

Looking at the distance alone, it's seven kilometers, so commuting to and from get off work by car would be very comfortable.

Zhoujiapai Road is relatively close to Pudong New Area.

If Chen Yong could live there, it would be very comfortable for him to go there in the future.

Ideally, I would own my own car.

On March 12, 1993, the Ministry of Transport issued a new "Administrative Measures for the Motor Vehicle Driver Training Industry".

The state began to standardize teaching syllabi, class hour requirements, training vehicles, and instructor standards.

However, in practice, due to the limited level of supervision at the time, it only took a few days to actually get a driver's license.

The important thing is that the money is in place.

As I passed by the new Bund, I happened to see a boss setting off fireworks.

"Do you know how much these fireworks vendors charge for each fireworks display?"

Chen Yong really didn't know, but judging from the scale of the fireworks, it must have cost a lot, at least tens of thousands of yuan.

Chen Fang said to him seriously, "Three hundred thousand!"

"Three hundred thousand just for fireworks?"

"What's so strange about that? Who wouldn't want to tell the whole world if they made a fortune!"

"That's how it is when a boss suddenly becomes rich. That's why your aunt taught you to spend money. Once you get used to spending, you won't be controlled by money."

In the future, I won't be blinded by money when faced with problems.

Chen Yong was quite touched to learn that his aunt had such a good intention, and he hoped to give her more money to spend in the future.

There was no other way; we were terrified of being poor for the past ten years or so!

The house on Zhoujiapai Road has been renovated, with a very typical wooden style; all that's missing is the furniture.

But in reality, this house is still not enough to match Chen Fang's claim that it's worth tens of millions of shares.

It may be another month or two before we can move in.

At least not until the start of the school term, you can forget about moving in.

That night, the aunt and niece squeezed into that nice teachers' apartment again, sleeping in a bed split in two.

This situation was still quite common in 94.

It's perfectly normal for a large family, more than a dozen people, three generations living together, to squeeze into an 80-square-meter apartment.

Although Shanghai had begun to consider alleviating the housing shortage for its citizens as early as 1988, it did not officially start large-scale development of commercial housing until 93.

If you choose to enter the real estate market at this time, you have the opportunity to make a fortune in a short period of time.

In 96, the government burst the bubble, housing prices fell, and it was time to buy at the bottom.

"If I had known I had a nephew, I would have finished the new house much sooner," Chen Fang complained to him.

Having just finished showering, Chen Fang was wearing a silk nightgown, which looked very delicate and made of silk.

In addition, she has a beautiful face and a near-perfect figure.

Chen Yong couldn't understand what he felt when he saw it; he couldn't feel Chen Fang's beauty at all.

On the contrary, Chen Qingqiao, who was slightly less capable than her aunt, was very thoughtful.

Chen Fang suddenly brought over a bottle of red wine and two stemmed glasses. "Have some red wine, Auntie will teach you how to appreciate it."

"If you ever make your business big, you'll inevitably have to get involved in some high-end gatherings. You don't have to smoke, but you absolutely must know how to drink."

And red wine will be the social drink of the future upper class.

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