I'm back in 1990

Chapter 1118: Let's Keep It a Secret

After meeting with Fila Pan, Gao Wenbin, and Chen Zhicong, the establishment of the family office was officially launched.

Because this matter involves many financial, tax, and legal issues, it cannot be completed in a short period of time. Therefore, Huang Xiaochuan did not stay in Hong Kong but returned to Shanghai first.

Two hours and twenty minutes later, the Gulfstream G650 landed in Shanghai, which is the standard flight time from Hong Kong to Shanghai.

As soon as he stepped out of the cabin, Huang Xiaochuan felt the chill of early spring in Shanghai. He immediately took a dark gray cashmere coat from Gao Song and put it on.

Today is Sunday, and both of my children, who are in their final year of high school, are at home. High school students in China, especially those in their final year, only get half a day off each week. Moreover, with the college entrance examination coming up in June, the school is pushing them even harder.

When Huang Xiaochuan entered the house, he didn't see his son Huang Zeji, but he saw his daughter Huang Ruiying sitting in the rocking chair in the living room eating fruit with her legs crossed, looking very relaxed.

Seeing her father return, her eyes lit up: "Dad, you're back!" The girl shouted as she put on her slippers and rushed towards her father.

Before Huang Xiaochuan could react, he was bumped into by the woman and almost fell over.

"Hey, slow down, do you think you're still three years old?" Although being held by his daughter felt wonderful, Huang Xiaochuan still couldn't handle the girl's enthusiasm.

He looked around and asked, "Why are you alone? Where is everyone else?"

Huang Ruiying reported to her father: "My brother is tinkering with his computer in his room, and my mother took August out to get vaccinated. They should be back soon."

After quietly putting down his luggage, Gao Song left first, without disturbing the father and daughter's intimacy. He had been on this business trip with them for so long, and he also wanted to hurry home to see his wife and children.

Huang Xiaochuan went back to his room to take a shower and change his clothes. Then he went to his son's room and saw that his son, Huang Zeji, was engrossed in writing code. Seeing that his son was busy, he didn't disturb him, and besides, he couldn't understand the code.

He gently closed the door again, then went downstairs to prepare a pot of tea.

As soon as I got to the first floor, I saw Yu Xiang bringing August back.

"Dad!" August shouted happily upon seeing her.

Yu Xiang then realized that the man had returned.

Huang Xiaochuan picked up August, who was running towards him, and teased her a few times before asking, "Did August go to get her shot? Did she cry?"

The little guy boasted about his bravery: "I didn't cry when I got my shot, Daddy, wasn't I awesome?"

"Really? August is amazing." Huang Xiaochuan coaxed the little guy.

Yu Xiang then asked him, "When did you get back? Why didn't you tell me beforehand?"

"I've almost finished getting things done, so I decided to come back early. I also have something to discuss with you." Huang Xiaochuan put the little guy back on the ground.

The little girl immediately ran to find her older sister, which was also her nature. She was closest to her older sister, Huang Ruiying, who had taken her in.

After dinner, the couple returned to their bedroom, and Huang Xiaochuan told Yu Xiang the purpose of his trip to Hong Kong.

"I am preparing to set up a family office."

Yu Xiang wasn't very familiar with this, so she asked, "What's the purpose of a family office?"

Huang Xiaochuan then explained to her: "I plan to put all the assets in Hong Kong and overseas under this family office for management. The assets in mainland China, as well as the Kangci and Kerui under your name, are not included and will still be managed according to the original model."

"Why?" Yu Xiang still didn't understand why the man would do that.

Huang Xiaochuan then explained his thoughts, the main point being that wealth should be passed down in an orderly manner, but future generations should not be allowed to fight each other over money, or even end up in court.

In addition, Huang Xiaochuan also wanted to relax a bit. After all, as he got older, his energy was gradually declining. Besides, after working so hard for so many years, he also wanted to relax.

After listening, Yu Xiang remained silent for a long time before finally asking, "Then who will manage this family office in the future?"

"I hired some top professionals. Charlie Cao is the general consultant, and Sui Zhang is the chief investment officer. In addition, there are several external professionals. The legal counsel is Wenbin Gao from Linklaters, the tax and compliance director is Zhicong Chen from the former tax bureau, and the family management director is Phila Pan, an Asian American woman who was a consultant at the Rockefeller family office."

Aside from Charlie Cao and Zhang Sui, Yu Xiang didn't know anyone else. However, she understood her man and knew that Charlie Cao had been with him for over twenty years and was one of his most trusted right-hand men, managing the Hong Kong Grand Gateway Group. As for Zhang Sui, she was the actual operator of Changhong Capital and a top investor recognized on Wall Street. With these two around, she didn't need to worry too much.

"And what about you? Are you really not going to care about anything anymore?"

Huang Xiaochuan put his arm around Yu Xiang's shoulder and said, "I am the founder. Although I don't plan to manage anything, I have a veto right. But I will cancel this veto right when the time is right. In the future, only direct descendants who are related to us by blood can enter the family committee. This will be written into the family management regulations and cannot be changed."

Yu Xiang looked at the man and felt a pang of inexplicable pain in her heart.

She gently nestled her head against the man's chest: "You know what? You just like to think too far ahead."

She didn't raise any objections. The man wanted to enjoy life, which she was happy to see. It was indeed too tiring, having to make so many decisions every day. Over time, no one could stand it.

Huang Xiaochuan pretended to be pleased: "I'll take that as a compliment."

Yu Xiang was amused and reached out to straighten his collar.

Suddenly she asked, "Should we tell your parents?"

Huang Xiaochuan considered for a moment and said, "Don't talk to them. They're too old and don't understand these things. Besides, my dad is quite old-fashioned. If he knew I had entrusted most of my assets to others to manage, he would definitely be furious. In his view, no outsider is as trustworthy as family."

Yu Xiang thought about it and agreed. She knew her father-in-law's temperament and personality, so it was best to keep it from him.

Charlie Cho was very efficient; under his leadership, a supplementary agreement to the framework, drafted by Fila Pan, was sent out on Wednesday.

At the heart of this document is a four-tiered organizational model. The first tier is the family council, composed of the direct descendants of Huang Xiaochuan and Yu Xiang, which is responsible for formulating family regulations and electing members of the family committee.

The second layer is the family committee, which is usually composed of no more than seven direct family members and is responsible for making major decisions and overseeing the operation of the family office.

The third layer is the family office, which consists of a professional management team responsible for implementing the decisions of the family committee and its daily operations.

The fourth layer is the family foundation, which is responsible for implementing the family's culture and philanthropic endeavors.

Huang Xiaochuan carefully reviewed the proposal several times before finally approving it.