Many people know that Li Ka-shing has only helped four people in his life, namely the ship king Bao Yugang, the banker Zhuang Shiping, and the jewelry king Zheng Yutong, so who is there another person? This person is Guo Desheng.
Bao Yugang promoted Li Ka-shing that year, and he was the world-renowned ship king, so it was reasonable for Li Ka-shing to support him. Zhuang Shiping and Li Ka-shing are fellow countrymen and Li Ka-shing's guides in charity, and Zhuang Shiping is a highly respected figure in both Hong Kong and the mainland, so it is reasonable for Li Ka-shing to support his spirit. Zheng Yutong is one of the four richest people in Hong Kong, and he is an old friend of Li Ka-shing, so it is expected that he will help Zheng Yutong.
So who is Guo Desheng? Kwok Tak-sheng is actually one of the four richest people in Hong Kong, but he died the earliest, so his fame in the mainland is not small. However, his son Guo Bingxiang is known to many people, because Guo Bingxiang was once kidnapped by Zhang Ziqiang.
In 1990, guo Desheng, the king of real estate, died in Hong Kong at the age of 79. Guo Desheng is the eldest of the four richest people, and the first of the four rich people to die. In fact, Guo Desheng's wealth and status are greatly underestimated. From Guo Desheng's funeral, we can see that his jianghu status can be said to be absolutely not simple.
After Guo Desheng's death, not only Li Ka-shing helped him, but Fok Yingdong also helped him. Huo Yingdong only helped Guo Desheng alone in his life, and from this point, we can also see Guo Desheng's status. Not only Li Ka-shing and Fok Ying-tung, but also the people who supported Guo Desheng at that time were Bao Yugang, Run Run Shaw, Lee Shau Kee and Zheng Yutong. At that time, hong Kong media described these people as accounting for half of Hong Kong's economy.
In fact, it is more than half of the country. Many people know that the connections behind Zheng Yutong are very strong, they have a card game, which has a lot of rich people, including Liu Luanxiong, Zhang Songqiao and other people, who in addition to playing cards together, often play together in the capital market.
There is also a Yingge Society behind Guo Desheng, and the members of it also include a number of rich people in Hong Kong, and Lee Shau Kee, Feng Jingxi and others are also good friends and business partners of Guo Desheng. It can be said that Guo Desheng's network resources are also very powerful.
The relationship between Guo Desheng and Fok Yingdong is also very good, because Fok Yingdong called on Hong Kong entrepreneurs to invest and develop in the mainland, and Guo Desheng was also the staunchest supporter. Guo Desheng's ancestral home is Zhongshan, Guangdong, and he only went to Macau later, and then from Macau to Hong Kong to develop, so Guo Desheng's feelings for the mainland are very deep.
Guo Desheng has long invested in numerous projects in Beijing and other places. After Guo Desheng's death, he left dozens of buildings to his descendants to collect rent, and now his descendants have an annual rental income of 25 billion yuan. In Hong Kong, almost all of the best buildings are the assets of the Kwok Family, including the International Finance Centre in Central and the International Commerce Centre in Kowloon, which are the two tallest buildings in Hong Kong and the two highest rental income buildings in Hong Kong.
If you've ever been to Hong Kong, you'll be blown away by these two buildings, which face each other across the sea and make up the Skyline of Hong Kong. In addition, the Kwok Tak-shing family recently spent 50 billion yuan to win the land of Hong Kong's Kowloon high-speed rail station, and will build Hong Kong's third top skyscraper here in the future.
In addition, the Kwok family has more than 20 buildings in Hong Kong, large and small, which can provide a total of 20 billion yuan in rental income. In addition to Hong Kong, their layout in the mainland has also begun to explode. The Kwok family now has more and more properties in the mainland.
Guo first invested in the new Dong'an Plaza in Beijing, next to Wangfujing in Beijing, which was once a shopping paradise in Beijing. Although it is old, it is still developing steadily. In addition to the new Dongan, the Guo Desheng family also developed the IFC Center in Shanghai, the Tianhuan Center in Guangzhou, and so on.
Their rental income in the mainland is constantly rising, on the one hand, they hold more and more properties, on the other hand, the properties they develop are becoming more and more mature, and the rental income is getting higher and higher. In 2020, the rental income of the Guo Desheng family in the mainland has reached 5 billion yuan, and it is expected to continue to maintain rapid growth in the next few years.
Guo Desheng can actually be said to have more money than Li Ka-shing, but because their family is separated, their wealth is underestimated. Unlike Li Ka-shing and others, Guo Desheng's business is mostly concentrated in real estate, and he has not overly diversified development. So in terms of real estate, they are almost invincible.
Their annual profits on real estate exceed $30 billion, of which $25 billion comes from rental income. In addition, the debt ratio of the Guo Desheng family company has been controlled at about 10% for many years, which is absolutely amazing.
They invested 50 billion yuan in Xujiahui, Shanghai, to develop a mixed-use project, such a huge investment, they even had no loans and no one else to work together. At present, the net assets of Guo Desheng's family company are as high as nearly 600 billion, and their net assets are real.
What does this mean? The net assets of real estate companies in the mainland are also 300 to 400 billion yuan, but their net assets are large. Some real estate companies on the mainland will hold a number of listed companies, including many companies that have nothing to do with real estate. Simply put, they will split their own property companies to go public, and then make the market value of the property companies. If you look at the mainland property companies that are now listed in Hong Kong, you will find a strange situation, many property companies have a higher market value than the market value of real estate companies.
This is obviously unreasonable, and the P/E ratio of property companies has reached 40 times. Guo Desheng's family company has solid assets, most of which are investment properties. At that time, Wang Shi had great respect for Sun Hung Kai, and in order to promote Vanke's reform, he also wanted to introduce Sun Hung Kai as a strategic investor.
Sun Hung Kai this company has gone through three generations of development of the Kwok Tak Shing family, relying on a steady business style for decades, and today's achievements are definitely not easy to come by. Kwok was known for being steady in doing business in Hong Kong that year, so when Sun Hung Kai went public in 1972, it received more than 15 times the subscription. Guo Desheng is definitely a greatly underrated figure.