Zong Fuli's actions are truly baffling. At 43 years old, holding a company worth hundreds of billions, she insists on squabbling over family inheritance with her half-siblings, showing no finesse whatsoever.
The old man clearly paved the way. With 1.8 billion dollars set aside in Hong Kong, and the siblings signed agreements to take the money and leave, the situation was originally calm, but she chose to stir the pot. She’s pushing people’s children out of the company, closing factories that hold shares, even trying to seize the trust set up by the old man; it’s a classic case of "if I can't have a good life, neither should anyone else."
And what’s the result? The petty internal struggles didn’t yield much, but instead, the fire has turned against her. The Hangzhou State-owned Assets Supervision and Administration Commission has been startled; the accounts that no one scrutinized when the old man was alive are now being dug up—are the dividends enough? Are the fund transfers compliant? Has the overseas trust touched state funds? Each of these inquiries is serious business.
Ironically, her previous persona of "single-mindedly pursuing a career" has also crumbled. She has children and now wants to include them in the trust’s beneficiary list; her calculations were loud and clear, but she has shattered the old man’s reputation that he built over a lifetime.
Ultimately, the fighting is just about money, but if she truly tramples the rules, she might end up losing everything she holds. This is not how a family head should act; it's clearly digging her own grave.
➕ Yu Ge, updating the latest news every day