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CONTENTS PREFACE FOR ENGLISH VERSION …………………………………… 01 FOREWORD¡¡Li Yining…………………………………………………… 03 THE HISTORICAL IMPORTANCE OF THE ’92 ENTREPRENEURS Fu Xiaoyong …………………………………………………………… 06 CHAPTER I¡¡PERSONS WITH AMBIGUOUS SOCIAL STATUS … 001 1. A learning trip abroad ……………………………………………………004 2. Crossing the river by feeling the stones …………………………………008 3. From Longzhong to Beijing ………………………………………………011 4. Resigning from government posts ………………………………………015 5. The border of the government system …………………………………019 6. The genes……………………………………………………………………025 I CHINESE ENTREPRENEURS: IDEALS AND ENTREPRENEURSHIP 7. Which path to follow ………………………………………………………031 8. Being the first to imitate …………………………………………………037 9. Social connections …………………………………………………………046 10. Persons with ambiguous social status …………………………………051 11. Water testers ………………………………………………………………057 12. Equity………………………………………………………………………061 13. Ambitions …………………………………………………………………067 14. Aspirations ………………………………………………………………073 CHAPTER II¡¡LEAVING THE GOVERNMENT SYSTEM ………… 079 1. Being considered to have gone into business …………………………083 II CONTENTS 2. Leaving the government system …………………………………………101 3. “The space is too small” …………………………………………………114 4. A mediocre life with a known destiny …………………………………131 5. Doing business is better than serving as officials ………………………145 CHAPTER III¡¡INDUSTRIES …………………………………………… 179 1. The ups and downs in the futures industry ……………………………183 2. Three models for the real estate industry ………………………………193 III CHINESE ENTREPRENEURS: IDEALS AND ENTREPRENEURSHIP 3. An insurance tale: Taikang and Huatai …………………………………218 4. Wang Zhongjun’s entertainment empire ………………………………241 5. The making of an industry leader ………………………………………255 CHAPTER IV¡¡BETWEEN GOVERNMENT AND BUSINESS …………289 1. The grey area ………………………………………………………………293 2. The corporation and the officialdom ……………………………………302 3. Rules and order ……………………………………………………………315 IV CONTENTS 4. Modern corporate governance…………………………………………327 5. Mirroring: Losers …………………………………………………………357 CHAPTER V¡¡THE CULTURAL TOTEM OF THE SCHOLAR OFFICIALS …………………………………………………………… 365 1. The social role of entrepreneurs …………………………………………368 2. The difficulties and way out for reform …………………………………388 3. Power and democracy ……………………………………………………395 4. Hidden worries ……………………………………………………………398 What are the main problems in the development of enterprise? EPILOGUE¡¡NOURISH CHINA¡¡Cen Ke …………………………… 403 AFTERWORD¡¡Chen Hai ………………………………………………… 420 BIBLIOGRAPHY…………………………………………………………… 422