In **, we often see such a bridge: the male protagonist's father was set up by a supporting role, which led to a mistake in decision-making, and the company collapsed in an instant. The male protagonist was burdened with hundreds of millions of debts, started from scratch, gradually worked hard, met nobles by chance, and finally paid off the debts and led the family to rise again.
However, in reality, although it is not **, we have experienced a more magnificent plot than **: his father owes 200 billion in debt, an astronomical amount that even ** dare not imagine.
Tung Chee-hwa: The Business Legend of the Son of the Ship King In the eyes of many, Tung Chee-hwa is only the son of the Asian ship king, but his success is not simply because of his family background. With his own efforts and the help of nobles, he succeeded in the first company and finally realized the company's turnover.
After the company's turnaround, he decisively **company** and earned a huge fortune of 30 billion from it. Tung Chee-hwa, born in Zhoushan, Zhejiang Province in 1937, moved to Hong Kong with his family at the age of 10 and has lived there ever since.
His father, Dong Haoyun, is one of the Chinese ship kings and one of the seven major ship kings in the world. During the British rule in Hong Kong, all key enterprises were controlled by British capital, and China's shipping industry was monopolized by the British.
Tung Chee-hwa's success is not only the result of his personal efforts, but also his persistence and dedication to the family business. His story is a business legend of courage, wisdom and determination.
Dong Haoyun was born in an era of war and chaos, and witnessed the cruel picture of the Western powers beating the eastern lion of China to the ground. He felt that the country's shipping was all controlled by foreign countries and the economic lifeline was choked, so he decided to break this monopoly and establish Chinese's own shipping company.
He is well aware that the profits of shipping are huge, and if they can be in the hands of the Chinese, it will bring immeasurable benefits to the country. With this belief, Dong Haoyun founded OOCL, resolutely not accepting foreign investment, and determined to create a shipping company that belongs only to Chinese.
He was determined to free China's shipping industry from the fate of being shackled, and he was determined to keep the frustrated Chinese shipping industry straight, and he did it. Howard Dong successfully founded China Orient Overseas Container Shipping Company and became a leader in the shipping industry.
At its peak, he had 149 vessels with a total tonnage of 11 million tons, which was slightly inferior to Pao's Global Group, but still an industry leader.
However, Tung Chee-hwa, who came from a wealthy family, did not fall into the quagmire of being a gentleman, and with his own efforts, he successfully obtained a bachelor of science degree in maritime engineering from the University of Liverpool in the United Kingdom, and after graduating in 1960, he began his new career in the field of shipping.
Tung Chee-hwa, a graduate of the University of Liverpool's bachelor's degree in marine engineering from one of the world's top universities, is known for his outstanding talent. His academic achievements are not only for himself, but also for his family and the community as a whole.
Upon his return to Hong Kong, he joined his father's Orient Overseas (OOCL) company, which undoubtedly added to his resume before he took over the family business. In the '50s and '60s, OOCL was in a booming state, like a wolf that saw a mountain of meat in front of it.
As a young director of the company, Tung Chee-hwa has shown an unparalleled demeanor during this time.
In the 80s of the 20th century, the luxury passenger ship "Queen Elizabeth" purchased by Dong Haoyun unfortunately caught fire during port refit and finally sank. This was a disaster for Dong Haoyun and OOCL, which not only caused huge financial losses, but also put the company's cash flow in trouble.
Originally, Dong Haoyun's net worth was enough to cope with any funding gap, but life is always full of uncertainties. In 1973, the third Middle East war broke out, the oil **sharply**, the global oil crisis broke out, many shipping companies could not operate because they had no business, and a large number of ships could only be moored in ports.
However, berthing a ship is not a simple task, and in order to prevent the ship from aging, regular maintenance is required, and at the same time, there is a fee for berthing in the port.
As a result, most shipping companies have been in the red and in debt since the oil crisis, which is undoubtedly worse for OOCL, which is already in the midst of an economic crisis.
The multiple blows made Dong Haoyun, who was already weak, admitted to the hospital in advance. For the sake of OOCL's future development, he decided to take early retirement and hand over the position of chairman to his son, Tung Chee-hwa.
However, before Tung Chee-hwa could figure out how to lead the company out of its predicament, he received even more desperate news: the million-ton oil tanker that Dong Haoyun had decided to buy had been successfully acquired, but OOCL's debt had reached 20 billion yuan.
Blessings are incomparable, and disasters are not singular. The scarred Dong family suffered another blow: in 1982, Dong Haoyun suffered a heart attack and died at the Hong Kong Sanatorium & Hospital, becoming the former chairman of OOCL and the pillar of the Dong family.
The death of his father was a painful blow to the Tung Chee-hwa brothers. Having lost their father's protection, the creditors approached them like wolves, intent on squeezing their last penny.
At that time, 20 billion was undoubtedly an astronomical amount, which made the Tung Chee-hwa brothers almost desperate. But in the face of such a predicament, the Tung Chee-hwa brothers did not choose to fall.
Because they understand that if they fail, the creditors will be even more brazen against their families. Their lovers and children are still dependent on them, and they can't let them down.
They chose to outwit the predicament and look for a turnaround. During this difficult period, the Tung Chee-hwa brothers coped with wisdom and courage. They are actively looking for solutions and moving forward.
Their tenacity and determination eventually led them to find a way out, and they managed to get out of the situation. In general, under the pressure of the huge debt of 20 billion yuan, the Tung Chee-hwa brothers did not choose to escape, but chose to face it bravely.
With their wisdom and perseverance, they successfully survived this difficult time and protected a piece of heaven for their families.
Crisis often contains opportunity, and Mr. Tung Chee-hwa is well aware of this, and in the face of many pressures, he wisely comes up with a possible solution to the problem, but this method requires the help of others.
He bravely sought out two famous Hong Kong tycoons, Li Ka-shing and Fok Ying-tung, for their help. Mr. Li Ka-shing should be familiar to everyone, but what about Fok Yingdong?
Some people may not be familiar with this name, but his grandson's name is like thunder, he is the husband of the diving queen Guo Jingjing, Huo Qigang. Mr. Fok Ying-tung had a close relationship with Mr. Tung Ho-yun, and even after Mr. Tung Ho-yun's death, Mr. Fok Ying-tung wrote a letter to encourage Mr. Tung Chee-hwa to persevere, which deeply touched him.
When Tung Chee-hwa hoped to realize his plan, he first thought of Fok Ying-tung. Fok Ying-tung did not decide to take a risk when he first heard about Tung Chee-hwa's plan, but in the face of the pleas of this old friend's child, he could not be indifferent and indifferent.
Eventually, Tung Chee-hwa's sincerity impressed Fok Ying-tung, who invested more than a billion dollars in OOCL and successfully helped the company reorganize.
After Fok Ying-tung's investment, Tung Chee-hwa found Li Ka-shing. After some thought, this scheming man also decided to invest in OOCL. Due to the regulations of the Hong Kong Stock Exchange, many people did not know that Li Ka-shing was also involved in this investment at that time.
However, a change in the Hong Kong Stock Exchange's system in 2003 made this fact public, and Li Ka-shing still holds a 4% stake in OOCL.
When the crisis was lifted, Tung Chee-hwa deeply felt the help of the two tycoons. The best way to repay this favor is to ensure that the value of their shares continues to grow. The capital injection of the two tycoons was like injecting new vitality into Tung Chee-hwa's career, making him like a fish in water, and the company successfully turned losses into profits in just 10 years, repaid the arrears, and gradually got on the right track under favorable conditions such as the recovery of the industry and the end of the war.
In the mid-90s, Tung Chee-hwa resigned from OOCL and became a member of the Advisory Committee on the Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China, while the company was taken over by his younger brother Tung C.H.
Although Tung Chee-hwa has stepped down from office, his far-reaching influence has not diminished. Not only did he get OOCL back on track, but his market value also increased. After the crisis, his relationship with Li Ka-shing and Fok Ying-tung has not become estranged, but has become closer.
His cooperation with Fok Ying-tung was mainly in political circles, when Tung Chee-hwa decided to switch from business to politics, Fok Ying-tung fully supported and helped him to be elected. When the Fok Ying-tung family had problems, Tung Chee-hwa repaid his kindness and came to his aid.
After Fok Ying-tung's death, his children quarreled over the family property, and Tung Chee-hwa intervened to mediate and avoid an even greater tragedy.
The cooperation between Li Ka-shing and Tung Chee-hwa is mainly in the commercial field, and the Oriental Plaza project in Beijing is their representative work. The project remains the most lucrative urban complex in Beijing, with annual rental income of about $3 billion, and they only invested $2 billion at the beginning.
This cooperation not only allowed Li Ka-shing to get acquainted with Zhou Kaixuan, but also laid a solid foundation for his later business success. Later, Li Ka-shing's son, Li Zekai, wanted to develop a cyberport in Hong Kong and made a request to Tung Chee-hwa.
Although Tung Chee-hwa did not agree immediately, the request showed his recognition of the business strength of the Li Ka-shing family.
After inspecting Li Zekai's plan, Li Ka-shing nodded and agreed to his request for investment. As the son of Li Ka-shing, Li Zekai has lived up to his father's expectations and successfully built Cyberport into a remarkable achievement.
Similarly, Tung's investment in Cyberport paid off enormously, and he rose through the ranks, even becoming vice chairman of the 10th National Committee of the Chinese People's Political Consultative Conference (CPPCC) in 2005.
By 2017, Tung Chee-hwa had become vice chairman of the 12th National Committee of the Chinese People's Political Consultative Conference (CPPCC), and he made the astonishing decision to sell his family-owned shares of OOCL to COSCO Shipping Holdings, directly reaping a huge return of 30 billion yuan.
Tung Chee-hwa's success is not the result of one person, but also the full support of Hong Kong tycoons such as Fok Ying-tung. Fok Ying-tung's more than one billion dollar capital injection has been controversial, but it is undeniable that these capital injections have played a crucial role in Tung Chee-hwa's development.
In 1984, after the Sino-British negotiations, Hong Kong tycoons and mainland consortia worked together to stabilize and transform into a foreign-funded enterprise of Chinese enterprises.
As a result, OOCL is one of the earliest private enterprises in China and has high strategic value. Therefore, protecting OOCL is not only for the sake of the Dong family, but also for the survival and development of the country.
In this context, the aid and investment of the mainland consortium and Fok Ying-tung and others can be understood, because at the critical moment when the country is facing life and death, the first priority for all is to save the country.
Although the long river of history has diluted the truth and the secrets behind those things, when we sit on the sofa, eat snacks, and watch TV dramas with that history as the background, we may be able to feel the profound information hidden behind the story and history from the plot.
In today's society, people no longer seem to care about the concerns of the past, but we must not forget that in that turbulent and uncertain time, businessmen were profit-oriented, but resolutely came up with funds to help a debt-ridden business.
Their purpose is not to make a profit, but to prevent the collapse of purely Chinese-invested enterprises, so that China can stand tall in the forest of the world and become a real backbone.