Current location - Trademark Inquiry Complete Network - Futures platform - Zhao Anzhong’s approach to business
Zhao Anzhong’s approach to business

However, Zhao Anzhong’s career has not been smooth sailing. In November 1978, the Indonesian rupiah suddenly depreciated sharply, from 415 yuan to 1 U.S. dollar overnight, plummeting to 625 to 1. This caused heavy losses to Ronghua Factory, which settled in foreign currencies, because Ronghua had more than 2 million U.S. dollars in hand at that time. For Indonesian rupiah bills, there are gauze sales contracts priced in Indonesian rupiah for more than 3 months; while the cotton booked and arrears are priced in US dollars. Therefore, the sudden depreciation of the Indonesian rupiah means a disaster for Ronghua. After receiving an emergency call from his son Zhao Henglong, Zhao Anzhong immediately rushed to Bandung from Hong Kong. Although he was as worried as his son, Zhao Anzhong, who had experienced many storms, remained calm in the face of danger. He calmly analyzed the situation faced by Ronghua and paid close attention to market trends.

After a careful market survey, he found that local cotton mills had a lot of inventory. Due to high interest rates and tight money, manufacturers were willing to sell goods for cash. Not only did the prices not rise, some manufacturers also wanted to survive. Overcome difficulties, maintain capital or even sell at a discount. After conducting such an investigation, Zhao Anzhong weighed his own strength and bank credit, and made a decisive decision contrary to other manufacturers: borrow US dollars from the bank, convert them into Indonesian rupiahs, purchase large quantities of yarn and cloth from the market, and use He came to pay off the pre-sold futures, and his two yarn and cloth factories were all converted into inventory. Then he sat firmly on the Diaoyutai and watched the changes. As a result, one month later, the inventory on the market was gradually running out, and the price of goods was bullish; six months later, the price of goods more than doubled, and Ronghua not only sold out all the inventory, but also sold futures. In this way, a sudden disaster happened. Zhao Anzhong, who has been experienced in business wars for a long time, not only turned the danger into safety, but also became a blessing in disguise. This is called turning the tide and the wise will win. Every step of Zhao Anzhong's life career has benefited from the help of his friends. It can be said that the success of Zhao Anzhong's career is first of all his success as a person. Zhao Anzhong and Li Shaozhou were the first to know each other. Li Shaozhou led the way east to Japan and entered Jiangsu Province. Li Shaozhou also made great contributions to the founding of Jiafeng and the establishment of Ronghua. When Li Shaozhou and another shareholder Luo Zhaoxiang transferred their shares to Zhao Anzhong, Zhao Anzhong promised that as long as Ronghua lasts and he lives, their equity must be repaid with interest! Keep your word. True to his word, a few years later, Zhao Anzhong fulfilled his promise. In 1968, Zhao Anzhong successfully obtained financing from Standard Chartered Bank, and the first thing he did was to pay off Luo Zhaoxiang's equity. In 1973, Ronghua started construction in Indonesia smoothly, and Zhao Anzhong returned the equity he had owed to Li Shaozhou for many years with Bengali. At that time, Mr. Li was already seriously ill and he refused to accept the offer. But Mr. Zhao Anzhong still transferred the money into Mrs. Li's account.

A friend came to borrow money from Zhao Anzhong. He said that he contacted a shipment and asked Zhao Anzhong to open a letter of credit for him for 180,000 yuan. Zhao Anzhong readily agreed. When the letter of credit is issued and the goods arrive, give him the entire bill of lading. After a while, he brought 10,000 yuan and came to see Zhao Anzhong with a sad face. It turned out that his shipment went bad and was returned to Japan, and only part of it was sold in this city. The 80,000 yuan is not available now, so I have to pay it back to him later. Zhao Anzhong returned all the documents to him and did not ask him to return them. He pretended that this had not happened. I still regard him as a friend and hope to visit him when I have time like before! This friend was extremely grateful to Zhao Anzhong and visited him from time to time during holidays and festivals. Zhao Anzhong felt very happy, and then blamed himself a little: knowing that he was an old-fashioned businessman with no new knowledge and could only do business according to the old methods, he should have warned him in advance and given him advice, but he did not Do this. Isn't this your own fault? This is Zhao Anzhong. Even though he lost money, he still thinks about his friends. As long as I don’t let others down, why don’t others let me down? Just give, don’t take anything for granted – this is Zhao Anzhong’s philosophy on life and money.