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Gao Quanzhi-the second generation helm of the enterprise with "three virtus" as the foundation

Release time:

2015-11-17

When Gao Quanzhi's father died, he only left the enterprise for his children, not money. As the "rich second generation", Gao Quanzhi and his brothers also understood his father's painstaking efforts and carried forward the enterprise.

executive special zone

family business is a problem that troubles many entrepreneurs, and "being rich for no more than three generations" seems to be a "curse" that they cannot get rid ".

However, a family business that originated in Taiwan, rooted in Singapore, and cultivated in the mainland at the same time, based on the starting point of the "three virtues", not only successfully completed the second-generation corporate inheritance, but also passed through the first generation and The second generation's enterprise transformation again and again will carry forward the enterprise.

As the second-generation leader, Gao Quanzhi, the 40-year-old executive chairman and president of Sande Co., Ltd., said: "The wealth left by my father is not a money figure, but morality, conduct and ability. Business thinking to develop" "I think that if my parents leave a lot of money for us, we can enjoy it, and the situation of being rich for three generations will happen."

Gao Quanzhi is also the vice president of Shanghai Overseas Chinese Chamber of Commerce. Not long ago, the Shanghai Overseas Chinese Chamber of Commerce organized a group of young entrepreneurs to visit Singapore. During this period, Gao Quanzhi accepted an exclusive interview with this newspaper, especially talking about the topic of family business inheritance.

Gao Quanzhi was born in Taiwan. In 1979, Gao Quanzhi's father Gao Xinping immigrated to Singapore with his family and started his business in Singapore. He founded Sande Group. Sande means "loyalty and filial piety, benevolence and thrift." In 1991, Sande Company was listed in Singapore.

In 1985, Gaoxin Ping became the first Taiwanese businessman to invest in the mainland from Singapore. He was also the founding vice chairman of the Xiamen Taiwanese Business Association.

Gao Quanzhi studied at the California Army and Navy Boarding School, graduated from California State University Fulton with a bachelor's degree in business administration, and later joined the Sande Group.

As his father's successor, Gao Quanzhi must stay in the mainland for development. In 1985, when Gao Xinping first entered the mainland, he was mainly engaged in the electronics industry. In the late 1990 s, the electronics business was sold to an American company. The company completed its first transformation, and then entered the manufacturing industry to produce cement, with an annual output of 5 million tons. In 2010, the cement business was sold to a state-owned company, and the company completed its second transformation. Real estate became the main business. Sande is headquartered in Singapore, but the investment and increased investment are mainly in the mainland. It has at least nine companies such as Dali Sandexing Real Estate Co., Ltd. and Shanghai Sandexing Real Estate Co., Ltd.

Gao Xinping died last year. He left his business to his children and all his money to Gao Quanzhi's mother. Gao Xinping told his wife that the three children should work together to run the business, and wait until one day they feel that the business is good, and then consider how to pass on wealth to the second and third generations. The intention is to avoid passing on wealth prematurely., Spoiled future generations.

When talking about the differences in business with his parents, Gao Quanzhi said: "My parents may pay more attention to interpersonal relationships when starting a business. We have studied abroad and pay more attention to demonstrating and leading the development of enterprises from the perspective of technology and market reality."

Future investment in China

should focus on people's needs and service industry

He said: "Although contacts are important, they cannot be used to determine all business contacts. Development in China should be reasonable and legal. Reasonable means that the industry should not be at sixes and sevens. If you want to do a business and extend too many complicated things, the structure must be reasonable. Legality means not trying to make money through crooked ways, because legality is the way for enterprises to survive." In addition, there must be innovative thinking and business methods. If you change it, you may enter another situation.

He believes that there are still opportunities for development in China, but the opportunities are different from the past. China has the needs of a 1.3 billion population, and the future investment of enterprises should be based on the needs of the people, focusing on the service industry. He will use this as an investment guide.

He said: "The company's market is already very stable. In the future transformation, the structure of productive products must be changed, the technical content must be improved, and the products will be produced with higher-level technical facilities and less manpower. Use the same production facilities to develop new production lines and enter new fields, such as automobiles and medical fields."

"Commercial real estate, mainly to build office buildings, hotels, shopping centers and so on, to collect rent-based, property management done well, although the rent can not make a lot of money, but the income is stable. Residential this piece of risk is relatively large, because of oversupply, the market is difficult to digest, business to enter the retirement and health real estate."

Facing the competition from mainland companies, he said: "They develop in the city center, we develop in satellite cities, and we do not compete with them in the first-tier areas."

China's coastal areas are currently difficult to get commercial real estate lots, so he believes that companies can also consider the development of other countries.