The Far East Group's reputation in Taiwan can be said to be a household name. As one of the most well-known family businesses in Taiwan, its industries basically cover the food, clothing, housing and transportation of ordinary people in Taiwan.
Many people may not know that Far East Group is not only a giant in Taiwan, but also has many industrial chains in our mainland, with annual revenue as high as 100 billion yuan and net profit exceeding 10 billion yuan.
Taiwan is originally a part of China, and it is understandable to make money by investing in the country. But what you don’t know is that this is an absolute problem company, making money from the country, but supporting Taiwanese independence activists such as Su Zhenchang in Taiwan.
So what unknown secrets are there behind Far East Group? I believe everyone will be interested in his history of making a fortune.
was originally from Jiangsu, but he took the initiative to "retreat" with KMT Taiwan
Speaking of the predecessor of the Far East Group, we have to start with his founder Xu Youji. He was born in a wealthy family in Haimen, Jiangsu, and received a good education since he was a child.
When he grew up, Xu Youji did not want to live under the protection of his family. He has his own ambitions and hopes to make his own world rely on his own abilities. So in 1942, the predecessor of Far East Group was founded in Shanghai, "Far East Weaving Co., Ltd.".
I have to say that Xu Youyang is very business-minded, and under his own management, the company's business is booming. After gaining a foothold in Shanghai, he continued to enter the fields of securities stocks and became a well-known financial tycoon in Shanghai at that time.
can make a name for himself in that socially unstable business district. I have to say that Xu Youyang is still very capable. Xu Youyang pays great attention to dealing with people in the officialdom when doing business. After all, everything depends on relationships. Not to mention that these days, even if there is no strong relationship these days, it is difficult to do things.
He made a lot of important political figures from the Kuomintang until the Kuomintang was defeated and fled to Taiwan in 1949. The Kuomintang was defeated and Taiwan Su Youyang could have stayed in the mainland to continue to develop, but he chose to transfer all his domestic assets to Taipei. From his actions, we can see that not only that he is a firm supporter of the Kuomintang, he definitely does not agree with the domestic foregone conclusion at that time, otherwise it would be impossible to transfer all his assets and move their whole family to Taiwan.
Xu Youyang reopened a textile factory after arriving in Taiwan. At that time, Taiwan's textile industry was extremely backward, and basically all the textiles needed by the people were imported. Xu Youyang started his business in the textile industry, and just took advantage of this opportunity. In addition, he has something to do with many politicians of the Kuomintang, so he quickly gained a foothold in Taiwan.
But Xu Youyang's ambitions were not limited to this. At that time, Taiwan's infrastructure was in its infancy. Su Youyang could not miss such an excellent opportunity to make money.
He set up a cement company, but was rejected. It was impossible for him to give up when he suffered a setback for the first time. Finally, in 1957, he found Wang Xinheng, a military and political official of the Kuomintang, and established the " Asian Cement ".
Then Xu Youyang's business territory expanded rapidly and became the leading business force in Taiwan.
No matter how powerful a person is, he will always grow old one day. Xu Youyang has two sons, the second son is particularly business-minded, so the later Far East Group was basically controlled by the second son Xu Xudong .
Xu Xudong is recognized as "The appearance of Chinese people and the heart of Westerners."
When Xu Youyang brought his family to Taiwan, it was the time when the US forces eroded Taiwan the most. The US government provided a large number of places to study abroad to Taiwan. Xu Xudong also took this opportunity to study at Columbia University and Notre Dame University in the United States, and was deeply eroded by Western thought.
At the same time, he also married an American wife named Xu Mary, who gave birth to three children for Xu Xudong. They are: Xu Guoan, Xu Guoling, and Xu Guomei.
The eldest son Xu Guoan is a person who is not even good at Chinese. He also joined the army in the United States and once participated in the Iraq War twice.
The mainland makes money and supports separatist forces
In a blink of an eye, it came to the 1990s, and the mainland and Taiwan resumed normal exchanges.Many Taiwanese companies have invested in mainland China, and China has also given these companies many preferential policies.
Far East Group also took advantage of this east wind to develop in the mainland. The iconic is the establishment of an 8-storey shopping center in Xujiahui, Shanghai, officially entering the mainland market.
then continued to make efforts, establishing about 33 companies, involving fossil energy, department store retail, cement building materials and other aspects. With the support of the policy of benefiting Taiwan, many companies have been at the forefront of the industry and made a lot of money.
Far East Group's "Asian Cement" has now become one of the top ten cement manufacturers in China, with an annual output value of more than 40 million tons. Including other industries of Far East Group in the mainland, its annual output value is as high as 100 billion yuan and its net profit exceeds 10 billion yuan.
As early as 2009, Xu Xudong, the head of Far East Group, admitted that if was not investing in the mainland, then Asian cement and textile factories in Taiwan would go bankrupt.
Make so much money in the mainland, it’s okay if you don’t want to give back to society, but you are still doing something to make money by eating. The Far East Group has become the backbone of Taiwan's separatist forces.
has also introduced it to you earlier that the Xu family has always had a tradition of making friends with political officials. At first, most of the funds were supported by the Kuomintang. Later, the Kuomintang lost power and the DPP became the biggest profiter.
Far East Group is worthy of being rich and compliant with the principle of doing things that is equally divided by rain and dew. That is, if the side has strong power, support more, and both sides will receive financial support.
According to Taiwan media inventory, since 2012, the political donations of large enterprises, , , have gradually shrunk, but the Far East Group has done the opposite, and , , , has continued to increase.
In the Legislative Council elections in recent years, the Far East Group has provided a total of NT$133 million in political donations, which is twice the number of the second-ranked company.
Among them, the political donation in 2020 alone was as high as NT$58 million, and it was donated to 47 candidates from the blue and green camps respectively.
Under this strategy, many of the DPP’s “Taiwan independence” diehards represented by Su Zhenchang have also become donations to the Far East Group.
Su Zhenchang can be regarded as a jumping clown in Taiwan’s political arena. He not only repeatedly incites people’s emotions and undermines cross-strait peace, but also published the amazing “Broom Protecting the Taiwan” theory, and was listed as the top of the “Taiwan independence” diehard elements by the mainland.
号号
In November 2021, the Taiwan Affairs Office of the State Council announced that Su Zhenchang, You Xikun and Wu Zhaoxie would be listed as "Taiwan independence" diehards, Bao Kuo prohibited himself and his family from entering mainland China and Hong Kong and Macau, and did not allow domestic enterprises to have any interest in dealing with them.
In the same year, the industries under Taiwan Far East Group were fined RMB 470 million in accordance with the law for illegal and irregular acts in five provinces and cities including Shanghai and Jiangsu, and their idle construction land was also recycled.
This is also considered to be the "opening" of mainland China's behind Taiwan independence. Xu Xudong also felt the pressure from the mainland and quickly distanced himself from Su Zhenchang and others, and expressed his support for the one-China principle of .
After losing the behind-the-scenes financial owner of Far East Group, Su Zhenchang was anxious to clamor and publicly clamored: "Don't the mainland welcome Taiwanese businessmen to invest? Now you will turn your back."
faced Su Zhenchang's shameless remarks and the Taiwan Affairs Office of the State Council also responded: " We welcome Taiwanese businessmen to come to the mainland, but we will never allow the behavior of "eating and smashing the pot".
