Zheng Yutong's personal experience.

Zheng Yutong's father is Zheng Jingzhi, a silk merchant in Guangzhou. He and Zhou Zhiyuan, a gold merchant, are fellow villagers and friends. Zheng Yutong only went to primary school. 1938 after the outbreak of War of Resistance against Japanese Aggression, he dropped out of school to work for his future father-in-law Zhou Zhiyuan in Chow Tai Fook Jewelry and Gold Company in Macau. He married Zhou Cui Ying on 1943 and succeeded Chow Tai Fook on 1956. Chow Tai Fook pioneered four pieces of nine pure gold (that is, the purity of pure gold reached 999.9), and bought a company with a rough diamond license in South Africa in 1964 to import diamonds from Hong Kong.

/kloc-In the 1950s, Zheng Yutong successively built Blue Pond Villa in Happy Valley and Causeway Bay Harbour Tower. 1967 after the June 7th riots, Zheng Yutong purchased several properties from 1968 and maintained good relations with Hang Seng Bank. 1970, Zheng Yutong cooperated with jewelry companies such as Yang Zhiyun and Xian to establish New World Development, with Zheng Yutong holding 57% of the shares. 197 1 year, New World Development purchased the former site of the "Blue Chimney" in Tsim Sha Tsui, Kowloon from Swire Company for HK$1300,000, and built the New World Center and Regent Hotel (today's intercontinental hotel) in 1982. Hong Kong businessmen such as 65438+ Hu invested in the construction of China Hotel in Guangzhou in the early 1980s.

In the mid-1980s, New World Development invested HK$ 654.38+08 billion to build the Hong Kong Convention and Exhibition Center in Wan Chai Reclamation in cooperation with the Hong Kong Trade Development Council, and in May of 654.38+0, the Tate's Cairn Tunnel connecting the New Territories East Council was built in Kowloon East Council to solve the traffic pressure of the Lion Rock Tunnel, which was finally completed in July of 654.38 three years later. 1989 cooperated with Lin Baixin to purchase ATV, each holding 47% of the shares, and served as the chairman in the early days.