The family's fortunes revived with Deng Xiaoping's rise to power. Rong and Yung were rehabilitated in 1972, and their personal property was restored to them. Yung went to Stanford to study business; in 1978, he moved to Hong Kong, where he ran a small company that manufactured electronic watch movements. While his father was launching CITIC, Yung was enjoying success as an entrepreneur: together with a group of Chinese and American friends, Yung invested in a small software company in California. That company merged with another software company, going public in 1984. Yung sold his shares in the company, netting US$50 million.