Inherit the father's footsteps and create greater glories.
Guo Bingxiang's three brothers are descendants of Guo Desheng, the founder of Sun Hung Kai Properties. Sun Hung Kai Property was established in 1972, mainly engaged in real estate development and investment. At present, the sources of property sales and rental income account for 63.3% and 26.6% of the profit sources respectively. Other industries include hotel management, construction, finance, insurance, theater, warehouse, clothing, public transportation and telecommunications.
When it comes to the three brothers of the Guo family, we should first talk about their father. Guo Desheng's ancestral home is Zhongshan, Guangdong. In his early years, he ran a grocery wholesale business with his father and moved to Hong Kong after the war. 1952 Established Hongchang Import and Export Company, specializing in the wholesale of foreign goods. Later, Guo obtained the exclusive agency of zipper in Japan. At that time, the garment industry in Hong Kong was booming and the business continued, winning the title of "King of Foreign Miscellaneous Goods" in one fell swoop. 1958, Guo Desheng and his good friend Lee Shau Kee (Lee Shau Kee, Shunde, Guangdong, 1928) were apprentices in a bank opened by his father in Guangzhou. 1948, Lee Shau Kee, who was only 20 years old, came to Hong Kong from Guangzhou South with 1000 Hong Kong dollars to buy and sell foreign exchange gold in Gimpo. From 1958, he entered the real estate industry in partnership with Guo Desheng and Feng Jingxi. 1963, each of them contributed 1 10,000 Hong Kong dollars to establish Sun Hung Kai Company. Guo Desheng is the chairman, and Lee Shau Kee and Feng Jingxi are the vice-chairmen.
1972 July 14, Sun Hung Kai Real Estate Development Co., Ltd. was incorporated and listed on August 23, with a market value of HK$ 400 million. There are about 30 employees, mainly engaged in real estate development and investment.
In the 1980s, Sun Hung Kai Properties has developed into one of the five giants in the real estate industry in Hong Kong. 1987 10, Sun Hung Kai Properties cooperated with Xinhe Group to invest a piece of land in Wan Chai with a huge sum of HK$ 3.35 billion to build the tallest building in Asia at that time-Central Plaza.
Guo Desheng died of a heart attack. Present at the funeral were Li Ka-shing, Bao Yugang, Run Run Shaw, Henry Fok, Zheng Yutong, Lee Shau Kee and other business tycoons. At that time, newspapers and magazines commented that these spiritual helpers mastered half of Hong Kong's economic lifeline. At that time, the market value of Sun Hung Kai Properties had reached HK$ 25.4 billion, which was 63.5 times higher than when it was listed.
1At the end of 992, Sun Hung Kai Properties surpassed Changjiang Industrial Properties in Li Ka-shing in market value, becoming the largest real estate company in Hong Kong, known as the "real estate giant" and recognized as the most successful family business in the market.
After his death, Sun Hung Kai Properties was led by the second generation of the Guo family, with the eldest son as the chairman and chief executive officer of the board of directors, the second son and the third son as the vice chairman, vice chairman and managing director respectively. The Guo brothers went well, and they started the company on the next floor.
Sun Hung Kai Properties' business is mainly concentrated in Hong Kong, and its land reserve is still one of the best among real estate developers in Hong Kong. In addition to property sales and rental income, other businesses include hotel management, construction, finance, insurance, theater, warehouse, clothing, public transportation and telecommunications. On the one hand, it can reduce dependence on real estate income, on the other hand, it can add value to its property and is conducive to sales.
After the spin-off and listing of Digitone in mobile telephone service, Guo Bingxiang invested1000000 USD in August, 1999, and established a venture fund in cooperation with Beijing Control to invest in international positioning system. Cyberlncubator was launched in September of the same year to avoid renting in exchange for the equity of small and medium-sized technology companies; In addition, it also invested in Quamnet and entered the financial Internet. In addition, Sun Hung Kai Properties has also established strategic alliances with some internationally renowned computer companies such as SunMicrosystem and Microsoft. In addition to cooperating with SunMicrosystem to develop AsiajavaVentureCapitalFund, we also cooperated to launch SuperHome.net's website to introduce its residential and commercial buildings. In addition, we cooperated with Microsoft to develop a DigitalDashboard to provide it to its tenants. Sun Hung Kai Properties' promotion of information value is regarded as the trend of future property development.
As a real estate giant in Hong Kong and even Asia, Sun Hung Kai's investment direction is regarded as the vane of real estate investment by people inside and outside the industry to some extent. Sun Hung Kai's business in Chinese mainland is mainly the development of real estate in Beijing, Shanghai and Guangzhou. They cooperated with Beijing Dongan Group Company to rebuild and operate the new Dongan market, with a project cost of about 3.5 billion RMB. The central plaza built in Shanghai is one of the most advanced international first-class commercial buildings in Huaihai Middle Road. In addition, the Shanghai Mingshiyuan developed by Sun Hung Kai in Xuhui District of Shanghai is also welcomed by foreign-funded enterprises in Shanghai. Only two buildings in Shanghai invested 3 billion yuan.
Since 2006, Sun Hung Kai has started to increase its investment in the Mainland. At present, the enterprises' projects in Beijing, Shanghai and Hangzhou have started to operate concretely. In 2007, their investment in the mainland will reach 654.38+0 billion yuan, which is the sum of Sun Hung Kai's investment in the mainland in the past decades.
Brothers are United, and their profits are broken.
As the Chairman and Vice Chairman of the Board of Directors of Sun Hung Kai Group in Hong Kong, the three brothers of the Guo family, Guo Bingxiang, Guo Bingjiang and Guo Binglian, have been called the myth of the real estate industry in China.