Although the private enterprises of the Rong family are all public-private partnerships, even in the surging Great Leap Forward Movement of 1958, the Rong family is extraordinary. When Rong Zhijian went to college, his living conditions were obviously superior to those of other students. "When I was in Tianjin University, life was much harder and stricter than at home, but I had the conditions to invite everyone to dinner and go to school to eat sushi's ribs. Although it's a little expensive, you can still eat it as long as you have money. Therefore, I am obviously the pearl in the eyes of my classmates. " Rong Zhijian recalled his college life.
Forbes, an American financial magazine, selected China 100 super-rich people six months ago. Rong Zhijian, a 60-year-old Hong Kong businessman and chairman of CITIC Pacific, topped the list, because his wealth assessment in 2002 reached 850 million US dollars (equivalent to 7 billion yuan), an increase of 70 million US dollars compared with 5438+0 in 2006.
There is a saying in China, "People are afraid of famous pigs and strong ones." China's rich people don't seem too keen on making the list. Even Rong Zhijian, the "new richest man" in Hong Kong, thinks: "Forbes is wrong." His reason is that the selection of super-rich people is mainly based on mainland businessmen, but he has been in Hong Kong for more than 20 years and should not belong to this category. In terms of ranking in Hong Kong, he is by no means the "richest man".
However, compared with the vast majority of mainland tycoons, the biggest advantage of Rong Zhijian's wealth is transparency and truthfulness. First of all, Rong's family wealth was obtained according to law, and every penny was his own. He is not worried about the tax issue, and there is no ambiguity involving state-owned assets. Secondly, compared with the predicament that many domestic rich people hold A-share shares, but they can't sell them, Rong Zhijian has a very high liquidity and can cash out in the market at any time, but it's all real money. Therefore, from the perspective of actual control of wealth, it is well-deserved that Rong Zhijian is regarded as the richest man. The attitude of denying the ranking of the richest man also reflects Rong Zhijian's consistent low-key, especially in recent years, his external performance is particularly low-key. But in the 1990s, Rong Zhijian's every move attracted the attention of the market.
According to the analysis of professional financial media, in CITIC Pacific, Rong Zhijian started to hold 30 million shares through rights issue from no shares to 1992, and Rong Zhijian has held more than 400 million shares for more than ten years, becoming the second largest shareholder after the country. The "CITIC Pacific+Rong Zhijian" model has established a clear personal interest distribution model in CITIC Pacific: clear distinction between public and private, mixed public and private, joint investment and common development. Rong Zhijian completed M&A by means of "M&A+ capital injection+investment" and "share expansion financing+convertible bond financing", and injected capital and investment into the M&A project to enhance its profitability. Enlarge CITIC Pacific, realize the appreciation of national assets, and at the same time, complete the growth of personal wealth. It can be seen that Rong's years of experience in Hong Kong shopping malls has won three flavors of capital market games and can accumulate and grow in the stormy market.
Character experience
Rong Zhijian was born in 1942. However, when Rong Zhijian 1978 came to Hong Kong alone with a one-way permit in June, he completely defeated the world with his bare hands, and today he is worth 7 billion RMB, which is a legend.
Before the emergence of the folk rich, I'm afraid only the Rong family was a consortium in China. Rong Zhijian's grandfather, Rong Desheng, was a business leader in the late Qing Dynasty. He was known as the "King of Cotton Yarn" and co-founded a flour mill with his brother. He was one of the top ten richest men in China at that time.
Rong Zhijian was born in Shanghai, 1942. He is the only son in the family. He has two sisters and two younger sisters. His father is Rong Yiren, a famous "red capitalist".
Rong Zhijian's initial wealth accumulation process and later development were greatly influenced by Rong Zhixin and other family members. Rong Zhijian's early business model is exactly the same as Rong Zhixin's, that is, transformation+now: creating enterprises-winning-selling enterprises.
1949 after liberation, Rong's sons and nephews went their separate ways, but stayed in their hometown to accompany their parents. The "Cultural Revolution" broke out in 1966, when Rong Zhijian graduated from the Department of Electrical Engineering of Tianjin University and just went to a hydropower station in Changbai Mountain, Liaoning Province as an intern. Then he was sent to the hydropower station in Liangshan minority autonomous region of Sichuan until 1973, when Rong Zhijian received "reeducation through labor" in Sichuan. After the Cultural Revolution, Rong Zhijian decided to take risks abroad. 1978, he came to Hong Kong alone with a one-way permit, took refuge with his cousin Rong Zhixin and Rong, and lived in Rong Zhixin's home in Baohua Building, Repulse Bay.
He first drove a car when he was a teenager. It's a convertible British sports car with red leather seats. He often goes out for a ride and invites his classmates and friends to international hotels and red houses for dinner, which is very generous.
At that time, many Rong clan members lived in Hong Kong and overseas and had a certain career foundation. Rong Zhixin is the chairman of Wen Rong Science and Technology. He and Rong run an electronics company in Hong Kong, and the other shareholder is an American businessman. Rong Zhijian was recommended by his cousin as a paid manager of an electronics company, and he didn't have any shares at that time.
198 1 year, Rong Zhijian, 39, worked in Hong Kong for three years, which coincided with the reorganization of the electronics company and got the job opportunity, holding one-third of the shares, which was equal to that of American businessmen. In 1987, Rong Zhijian expressed his interest in making love cards. In order to concentrate on Wen Rong science and technology, Rong Zhixin transferred his shares to Rong Zhijian, and Rong Zhijian's shareholding increased to 80%, so he became a major shareholder, and American businessmen still accounted for one-third of the shares. So far, Rong Zhijian's investment is only HK$ 6,543,800+0,000, mainly due to his income from nine years' work.
1989, the assets of electronic companies increased greatly. An American company bought all the shares in Aika at a price of120,000. Rong Zhijian took the opportunity to give all his shares to American shareholders and cashed in HK$ 75 million.
Woo the rich and join hands to buy Heng Chang.
Rong Zhijian made his first pot of gold and began to make great achievements.
1986, Rong Zhijian entered CITIC Hongkong as the managing director, and made a series of acquisitions with the support of the State Council. However, the most important thing is that Chik Kau backdoor company Pacific went public and officially changed its name to CITIC Pacific.
1In February 1987, CITIC Hong Kong purchased a 2.5% stake in Cathay Pacific/kloc-0 for HK$1300 million, which was the first major investment of CITIC Hong Kong. The State Council lent CITIC HK 800 million yuan to start various investments.
During the period of 1987, Hong Kong's stock market, real estate and world shipping industry were still at a low ebb. After careful study and analysis, CITIC Hong Kong decided to acquire part of Cathay Pacific. However, at that time, this acquisition caused a heated debate at home and abroad. In the end, Rong Zhijian's decisive attitude prevailed, which laid the foundation for its continuous acquisition and expansion in the future.
After World War I, Rong Zhijian took a series of actions. By the end of 1989, CITIC had owned Cathay Pacific, Dragonair, Ka Wah Bank, Eastern Harbour Crossing, Macau Telecom and Asia. Determined to strengthen its own business in Hong Kong, Rong Zhijian designed and acquired a listed company in Hong Kong, and finally went public with the help of Taifu.
At this time, Rong Zhijian deployed another strategy, that is, the acquisition of Changheng Enterprise, which was also a shocking acquisition war in the 1990s.
Changheng Enterprise is a large unlisted Chinese-funded enterprise, including automobile and retail industries, and its automobile agents account for 40% of the Hong Kong market. In the early 1990s, the founder He Shanheng was old, and Changheng Enterprise was coveted by all parties. At first, Zheng Yutong and Xu Zhantang encouraged the acquisition. Seeing that they had little chance of success, Rong Zhijian went ahead with its acquisition plan. However, he faces many difficulties. First, some people in CITIC don't agree to invest too much, and some people accuse him of using the state's money for profit. In addition, the source of funds is also a consideration.
Rong Zhijian cut the gordian knot, wooed Li Ka-shing, Guo Henian and Zheng Yutong for help, and then carefully designed, first bought 36% of the shares of Changheng, and the rest was contracted by partners, namely Li Ka-shing, Guo Henian and Zheng Yutong. And Rong Zhijian himself also accounted for a.. In the end, under siege, Rong Zhijian assembled the power of the rich and successfully acquired 97% equity of Changheng in September of 199 1.
The acquisition of Heng Chang involved 2.5 billion yuan, of which 2 billion yuan was paid by new shares and the other 500 million yuan was borrowed. Rong Zhijian used his financial skills to sell the property under Heng Chang's name, and then distributed the bonus. CITIC Pacific and Rong Zhijian both got their cash back, and then exchanged cash and new shares for Heng Chang shares in the hands of Li Ka-shing and others. So far, Heng Chang has been owned by CITIC Pacific and Rong Zhijian, and Li Ka-shing and others have also made some gains, with a total profit of 780 million yuan.
The focus of investment shifted to the mainland.
In March 2003, Rong Zhijian announced that the net profit of CITIC Pacific in 2002 increased by 84.93%, reaching HK$ 3.902 billion, which was 300 million higher than the profit of 265,438+0 securities companies predicted by Thomson FirstCall. Except for power generation and infrastructure performance, all other businesses increased.
Although how to deal with the return project of fixed investment in Shanghai has not yet been settled, and faced with many unfavorable or uncertain factors such as the US-Iraq war in 2003, Rong Zhijian decided to pay a special dividend of 1 HK$ in addition to raising the final interest rate to HK$ 0.7. That is to say, the dividend per share of the Group was 2 yuan last year, which was 1.5 times higher than that of 0.8 yuan last year.
Based on the more than 400 million shares held by Rong Zhijian (based on the shareholding shown in the annual report at the end of last year), a total of 65,438+0.7 yuan was distributed in cash per share at the end of this year. Roughly speaking, he should earn HK$ 680 million (calculated by working nine hours a day), which is equivalent to earning HK$ 6.5438+0.86 million a day and HK$ 200,000 an hour.
In fact, in 2002, more than half of the top ten business changes listed by CITIC Pacific were related to the mainland:
Establish a first-class sponsored US stock certificate of deposit.
Buy CITIC Pacific Plaza and Huashan Apartment in Shanghai.
All the rights and interests of China Pentium 1 backbone network were sold to CITIC Hong Kong, and CITIC Hong Kong granted the subscription right.
Increase the equity of Jilin Xinli Thermal Power Co., Ltd. by 5% ..
Buy 50% equity of CITIC Capital Market Holdings Limited.
Purchase 5 1% equity of Shanghai CITIC Guo Jian Pharmaceutical Co., Ltd. ..
Increase the equity of 1.4% of the Eastern Harbour Crossing Highway Section.
The joint venture company established by our company was renewed to continue to manage the Hong Kong Cross-Harbour Tunnel.
Jiangyin Taifu Xingcheng Special Materials Co., Ltd., a new joint venture company, was established to produce hot molten iron.
In 2003, CITIC Pacific Group continued to invest in the fields of electricity, telecommunications and trade, with Hong Kong and the Mainland accounting for 50% and 50% respectively. At present, the group's bank standby credit has reached 20 billion yuan. In the future, CITIC Pacific is also prepared to follow the general trend and continue to increase the proportion of mainland business. This is also a pragmatic move for Rong Zhijian to give full play to the advantages of mainland resources.
On March 3, 2003, China International Cargo Airlines Co., Ltd., with a total investment of 3.5 billion yuan and a registered capital of 2.2 billion yuan, finally made its official appearance in Beijing. The three investors of New International Freight are China International Airlines, CITIC Pacific and Capital Airport Group. Citic Pacific, with 16 years of aviation investment experience, has taken a solid first step to participate in the mainland aviation industry. In 2003, the largest air freight company in China was the first civil aviation joint venture after the implementation of Regulation 2 on Foreign Investment in Civil Aviation.
Hong Kong people's appreciation of Rong Zhijian lies not in his distinguished life, nor in his wealth. What is important is that he is a big director of the Jockey Club and a Malaysian boss in Hong Kong. Most of his names are world-class, which makes Hong Kong people feel very honored.
A few months ago, famous horses from all over the world came from thousands of miles away in the international first-class competition held in Sha Tin. Rong Ai Pony's "Olympic Spirit" was 49 times unpopular, and Europe, America, Japan and Malaysia were caught in the net. The horse fans rushed to tell each other, and they all rejoiced.
At the Golden Cup in Hong Kong, Rong Zhijian Ssangyong went to sea, and the Olympic spirit under its name followed the head of the delegation. As a result, the Olympic spirit narrowly won the championship. The first horse prize is 4.56 million Hong Kong dollars, and the total prize money has been as high as 3 165438+ 10,000 yuan. This horse is only five years old, and there is still a good chance to win the prize money, even more than 40 million Hong Kong dollars. The rate of return of raising horses in Rong Zhijian is far better than that of ordinary people's stock investment.
Apart from these famous ponies, Rong Zhijian's private jet is also one of the topics discussed by Hong Kong people. Only Rong Zhijian, Michael Kadoorie and Stanley Ho have private jets in Hong Kong. But in terms of the highest quality, Rong Zhijian's "Global Express" with over 300 million pounds is definitely the champion. This long-haul business jet, known as the world's highest speed, is produced by Bombardier, a civil aircraft manufacturer. Delivered to Hong Kong at the end of last year, Rong Zhijian took a new plane to Singapore for a meeting. Jet King, which can carry 8 guests and 4 employees, can fly nonstop 12000 kilometers, and it is no problem to fly directly from Hongkong to new york. It is really the best among rich toys.
Speaking of which, Rong Zhijian has lived in Hong Kong for half his life. Although he can't beat him in the business management of the company, Cantonese is always a dead hole for him.
At the press conference in Rong Zhijian to announce the performance of CITIC Pacific, he wanted to accommodate many Hong Kong employees and colleagues present and read the performance report in Cantonese. Unfortunately, everyone on the table looked at each other and was at a loss. Therefore, Rong Zhijian had to ask everyone in a low voice, "Is it better for me to use Mandarin?" The audience took a long breath and cheered in unison. Rong Zhijian also breathed a sigh of relief and returned to his mother tongue generously. We couldn't understand what he was saying.
In the Cantonese environment of Hong Kong, how many foreigners come to Hong Kong, first of all, to learn Cantonese well, and they are embarrassed to blush. Rong Zhijian has been in Hong Kong for many years and has gradually become the richest man in China. He never changed his voice. In addition to economic strength representing language strength, we can also see his nostalgia for his native land.