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Chinanews, Beijing, March. 17 – Two weeks ago, Li Baoyu, the general manager of the Heilongjiang Overseas Group，suddenly announced at a company's meeting that he would quit his job. Hearing the news, other senior managers tried to persuade him to stay but failed. 15 days had passed. Nobody could get in touch with him or his family. A person close to the issue said they might have moved to settle in the island province of Hainan, the China Youth Daily reported.
Even now, people attending the meeting that day could clearly remembered what Li had said before he left. “I have been struggling in my career for twenty years. I had worked in a government institution and later shifted to a state-owned company before I started my own business in the Heilongjiang Overseas Group. Now the company is at its best period. However, I feel totally exhausted1 and want to have a rest. I won't take a penny from the company. Rather, I will leave my portion to the company so that you can help it make further development. In case the company goes bankrupt one day, you can sell the company and donate part of the money to the state and charity organizations, and the rest of the part to properly settle the staff. I only wish that you won't bring any burden to society… ” After finishing his words, the 53-year-old private entrepreneur left his company that he had worked with for ten years. He didn’t take anything from it. In 1996, Li set up the Heilongjiang Overseas Group, which had culminated2 in outstanding performance in ten years' time. By merging3 with four state-owned companies, his company has grown rapidly to become a large modern corporation whose business scope has now expanded to property industry, trade, chemical products manufacturing, and production of blasting gears for civilian4 use. The company's business has expanded to other regions outside Heilongjiang and it also incorporates different types of ownership. The company's total assets now reach 450 million yuan and it can generate 10 million yuan of tax to local government every year. It is regarded as the role model for private enterprises in Heilongjiang. With such great achievement, no one can understand why he has chosen to leave now. In 2006, the company's business performance was the best ever in history - its circulating capital reached nearly 30 million yuan; the company had no borrowing records from banks; it raised the salary of its employees three times in that year; and several large projects were about to commence. In this situation, nobody knew why, after years' hard work, the manager wanted to leave at this moment, Wang Haiting, the company's assistant general manager, told this reporter.
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