Jinjiang City, also known as Thorn Tong, Rui Tong, quan'an, is a county-level city under the jurisdiction of Fujian Province. It is known as "Quannan Buddha Country" and "Seaside Zoulu". Jinjiang has been connected to the sea since ancient times, and "ten households and nine overseas Chinese" is one of the biggest characteristics of Jinjiang. As early as the Northern Song Dynasty and the Yuan Dynasty, Wang Yuan, a Qingyang man, sailed to the five oceans to trade overseas, and they performed the story of creating wealth by loving to fight and dare to win and pioneering and building a business in a different place. Nowadays, Jinjiang has 3 million villagers abroad, footprints throughout the world's 58 countries and regions, they bring the traditional culture of southern Fujian to the rest of the world, spare no effort to spread the culture of southern Fujian, with a unique advantage of overseas Chinese.
There is a saying in the Philippines that 90% of the overseas Chinese in the Philippines come from Fujian, and 90% of the overseas Chinese in the Philippines in Fujian are from Jinjiang. The Philippines has about 100 million people, of which only 1.1 million are Chinese, accounting for 1% of the total population, but it is this small group that creates 80% of the wealth of the Philippines. SM Group (SMIC) is one of the most leading conglomerates in the Philippines, with its core businesses spanning retail, shopping malls, banking and finance, and real estate development and tourism. In today's Philippines, SM Group has become an absolute leader in the shopping mall development industry.
It is worth mentioning that Shi Zhicheng, whose ancestral home is Jinjiang, is a Leader of Chinese Businessmen in the Philippines, known as the "King of Asian Department Stores", "King of Retail", "Financial Giant", the founder of SM Group, the world's third/largest shopping mall operation group in Asia, the richest man in the Philippines for 11 consecutive years, and an honorary doctorate in business management from Lacha University in the Philippines. On January 19, 2019, the 94-year-old Filipino richest man and Chinese businessman Wang Zhicheng passed away peacefully, leaving behind the huge SM Group and the classic legend of his trip to Nanyang. In 2020, the Shi siblings ranked first in the 2020 Forbes Philippine Rich List with a wealth of $13.9 billion, occupying the top of the Philippine Rich List. The children of Shi Zhicheng, the former richest man in the Philippines and the founder of SM, are still the richest people in the Philippines.
Looking out over the business empire at the feet of this wealthy Fujian businessman, Mr. Shi – the largest commercial bank in the Philippines, the largest listed company in Manila, and the largest shopping mall in Asia. The SM Group he founded is a global shopping fashion leader, is active in the international shopping fashion stage of business giants, this legendary enterprise consists of 7 listed companies, its core business includes shopping malls, department stores, brand retail, banking and finance, real estate development and tourism industry sectors. Among the world's top ten shopping malls, SM Group occupies three seats. SM City North EDSA is the third largest shopping mall in the world, mall of Asia is ranked fourth in the world, and SM Megamall is ranked seventh in the world. SM Group has been named one of asia's best management companies and one of Asia's most desirable companies by Time, Fortune and Asia Business Magazine. In 2012, it won the "Largest Enterprise in Southeast Asia" and "Largest Comprehensive Enterprise" awards by Asia Weekly.
<h1 class="pgc-h-arrow-right" data-track="9" > Shi Zhicheng (founder of SM Group).</h1>
Shi Zhicheng
Shi Zhicheng (1924-2019), born in 1924 in Jinjiang, Fujian. In 1931, after Japan launched the "918 Incident", he fled to the Philippines and settled in Manila with his parents. Recalling the experience in a later public speech, he said: "Many years ago, a strange little boy came here from a distant place, penniless, and did not know what English or Tagalog (Filipino Chinese) was. ”
After World War II, Shi Zhicheng started from scratch in the Philippines relying on the shoe industry, and entered the department store industry through the shoe industry, and then entered the field of large shopping malls through the department store industry, all the way to the ring, step by step, and achieved a series of commercial glory. Looking back on the decades of business history, he said: "From the first sale of shoes, to the later operation of department stores, shopping malls... No matter what I do, I have to do my best, and the company's stock after listing is also the boss. ”
After more than 20 years of rapid development, SM Group, founded and led by Shi Zhicheng, currently has 53 large-scale integrated shopping malls around the world. Among them, there are 48 operating shopping malls in the Philippines, with a total construction area of nearly 6 million square meters and a daily flow of nearly 4 million people. On the list of the world's top 10 shopping malls, SM Group is a company that accounts for nearly 1/3 of the world: SM City North EDSA is the third largest shopping mall in the world, SM Mall of Asia is the fourth largest shopping mall in the world, and SM Megamall is ranked seventh in the world.
Under the performance of the prominent company, Shi Zhicheng's personal wealth has also multiplied, and since 1998, he has been selected as the world's richest man by Forbes. On the 2014 Global Billionaire List published by Forbes magazine in the United States, Shi Zhicheng once again became the richest man in the Philippines with a net worth of $11.4 billion.
According to the "2021 Hurun Global Rich List", sm founder Shi Zhicheng's asset heirs of 100 billion yuan are Shi Hanming (19.5 billion yuan, ranking 1130th), Shi Hansheng (17.5 billion yuan, ranking 1283rd), Shi Junlin (17.5 billion yuan, ranking 1283rd), Styce (15.5 billion yuan, ranked 1473rd), Shi Meizhi (13.5 billion yuan, ranked 1699th).
<h1 class="pgc-h-arrow-right" data-track="9" > Shi Hansheng (Chairman of the Executive Committee of SM Prime).</h1>
According to public information, Shi Hansheng (Hans Sy), born in the Philippines in 1955, his ancestral home is Jinjiang, Fujian Province, the fourth son of Shi Zhicheng, the richest man in the Philippines and retail king, is currently the chairman and director of the executive committee of SM Prime, he is the only one of the 6 siblings of the Shi family with an engineer degree, so his father, Mr. Shi Zhicheng, the founder of SM Group, entrusted him with the responsibility of building SM shopping malls and residences. He was involved in the construction of each mall and learned all the stories of each mall.
In 2010, Shi Hansheng reportedly spent $400,000 (about 20.4 million pesos) to build the first children's home; in 2015, on his 60th birthday, Henson bought the land for Child Haus's first premises in Manila for $600,000 and paid $1.4 million to build it.
Unlike his father, Schwarzson allowed his children to study abroad, and when his eldest son offered to study in Australia, he had to overcome opposition from his father. In the end, Mr. Shi agreed to this appeal under the persuasion of Han Sheng, who also believed that this was one of the best decisions he made for the family. The first third-generation member of the Shi family to get the opportunity to study abroad experienced the meaning of independence and responsibility during the study abroad process, and eventually returned to the family business. This is Shi Hansheng and his family, a business empire with "family" at its core.
At the Family Entrepreneur Forum, Shi Hansheng called his billionaire father "my mentor and role model." Mr. Shi said his eldest sister, Tessie, remained in charge of banking and retail, sister Betty ran the hospitality industry, Henry Jr, known as the "big boy," worked in real estate, Herbert ran the food industry and Harley headed SM Investments.
Schlehenson's son Howard founded The Street Mart Company, which has the same initials as SM Group. Another son, Xiao Hansheng, is the president of SMEDD.
<h1 class="pgc-h-arrow-right" data-track="9" > Styce (Chairman of the Board of SM Group).</h1>
Teresita Sy-Coson, originally from Jinjiang, Fujian, was born in the Philippines in 1950. The second-generation heir of Henry Sy, the former richest man in the Philippines, the founder of SM and the former chairman of the group, he is currently the chairman of the board of directors of SM Group and the chairman of BD0 Financial Bank. As the eldest daughter of the 6 brothers and sisters, she was deeply influenced by her father's business philosophy of Shi Zhicheng. It oversees the mega mall business as well as BDO Unibank, the philippines' largest bank in terms of assets. His work ability is well received at home and abroad, and he is often invited by Asian countries to give speeches or participate in seminars. Personal interest is "work".
With over 40 years of experience in the retail industry, Ms. Sze has successfully transformed her Group's retail industry. This includes SM Grand Department Store, the flagship SM Store under THE SM STORE, and SM Supermarket and other affiliates under SMMarkets. She also plays the sm prime holdings inc. The Board of Directors is closely involved in the Group's real estate business in a consulting capacity. SM Prime Holdings Inc. One of the largest integrated property developers in Southeast Asia, its business has grown to shopping malls, residences, commercial buildings, leisure activities and tourism.
In the financial business, Ms. Sze is the Chairman of BDO Unibank. The bank is a leader in the banking industry in terms of total assets, loans, deposits, funds, and trust management. BDO has recently been named "Best Bank in the Philippines" by several international publishers. Ms. Shi is also the Chairman of SM Foundation (INC), or SMFI. The Foundation has led the implementation of influential templates in an attempt to improve the quality of life of the communities it hosts. Its objective of investing in social resources in education, health, livelihoods and shelter is to help vulnerable groups and to promote programmes for the continuous improvement of the environment. Ms. Styce is currently the National Representative of the Philippines on the ASEAN Business Advisory Committee.