In 1962, Gao Hongxing was born into a poor peasant family in Quanwang Village, Quanwang Town, Qujiang District, Quzhou City, Zhejiang Province. He has many brothers and financial constraints. Like many Zhejiang businessmen, he dropped out of junior high school.
In 1980, in order to meet the age requirement of 18 years old to join the army, Gao Hongxing falsely reported that he was one year old and became an infrastructure engineering soldier. Although his education level is not high, among a group of new recruits, he was found by the battalion commander to be sensitive to numbers and to have an easy-to-use brain. Therefore, he was transferred to the finance team of the battalion headquarters to work in finance, managing project budgets and construction funds. Gao Hongxing formed an indissoluble bond with "numbers".
In 1982, I originally wanted to be a "good soldier who wanted to be a general." However, two years later, the army was greatly disarmament, and a total of 1 million army personnel were to be transferred to other places collectively. Later Gao Hongxing was very frustrated. According to the arrangement of the Infrastructure Engineering Corps headquarters, the 31st detachment (division) was transferred to Shenzhen and converted into a local construction group company, including the 302nd regiment where Gao Hongxing was located. Within a few days, the troops began to mobilize their defenses. Gao Hongxing and the officers and soldiers boarded the stuffy tanker in despair. The train started slowly and headed south.
In 1983, Gao Hongxing was transferred from the military major to work in the Shenzhen Municipal Engineering Company. Later, he was sent to Sun Yat-sen University in Guangzhou for half a year of training to learn financial knowledge. After completing his studies and returning to Shenzhen, he heard that the Organization Department of the Shenzhen Municipal Party Committee had formulated a cadre training plan to select a group of cadres and reserve talents to study in universities through the national college entrance examination. Gao Hongxing signed up.
In 1985, after a lot of hard work, he was successfully admitted to the accounting major of the College of Adult Education of Shenzhen University. Among the more than 200 people who reviewed with him, only 10 people finally passed the exam. Half a year after entering school, he came into contact with a lot of information and had a premonition that financial reform would be an important part of my country's economic system reform, and the capital market would definitely have great development prospects. He decided to switch from accounting to the more challenging finance major. Gao Hongxing, who returned to school, finally realized the joy of learning. When Gao Hongxing graduated from university in 1987, he happened to find the Shenzhen Development Bank. This is a commercial bank organized by the restructuring of rural credit cooperatives in the special zone and is undergoing the country's first joint-stock reform pilot. At that time, in the vast country of China, only Shenzhen University and another university offered finance majors, and the demand for graduates exceeded the supply. Gao Hongxing naturally became a "hot cake". He was selected to be transferred to Shenzhen Development Bank as a loan officer and concurrently as the Youth League Committee Secretary of the bank. Three months later, he was sent to the Shekou branch as a credit officer and participated in the bank's restructuring and management work.
In April 1988, the bank's personnel system was reformed, and all cadres in the bank were competitively recruited. 26-year-old Gao Hongxing became the president of Aihua Branch of Shenzhen Development Bank. Just this year, the world economy was in recession, Hong Kong had just experienced a stock market crash, and Shenzhen's financial industry generally performed poorly. In this situation, the Aihua branch led by Gao Hongxing is the advanced branch with the best management and the best profitability in the whole bank. Therefore, Aihua branch is known as the "Huangpu" of Shenzhen Development Bank. Gao Hongxing has also become a young executive talent that attracts the attention of the whole bank. Later, he was admitted to the master's degree program in management at Shenzhen University, where he studied on the job on a semi-part-time basis. In the eyes of others, such a life is very difficult, but he enjoys it. Two years later, he successfully obtained his master's degree. When Gao Hongxing was working in the credit department of Shenzhen Development Bank headquarters, banks were vigorously promoting Shenzhen Development Bank stocks. "Shenzhen Development Bank" is the second stock on the Shenzhen Stock Exchange after "Shenzhen Baoan". It is the first financial stock issued after the founding of New China and has huge appreciation potential.
However, people at that time did not know what stocks were about, and it was difficult to sell stocks. The bank plans to issue 12 million capital stocks, and there are still more than 5 million to whom it is unknown to sell. The leader had no choice but to order the promotion. Gao Hongxing was not idle. He visited old leaders one by one and used the financial knowledge he learned in school to talk about the benefits of stocks. He persuaded many people, and many government officials bought some stocks through him, and they all later became rich. Gao Hongxing earned the title of "the boy who gives money".
Gao Hongxing also bought some stocks himself. Because he had no money, he went back to college to borrow money from classmates, and to his hometown to raise money from relatives and friends. He scraped together 20,000 yuan and bought 1,000 shares of Shenzhen Development Bank stock. The initial issue price of Shenzhen Development Bank was 20 yuan per share, and the shares bought for 20,000 yuan were not sold until 1995 when he was about to leave Shenzhen Development Bank. In 8 years, 20,000 yuan turned into 40 million yuan.
This was the first "myth" he created in the capital market, and it also laid a good foundation for him to maintain integrity in high-level management work in the future. In 1995, in order to carry out rural financial credit reform and promote the development of agriculture and food production, the state decided to establish the Agricultural Development Bank of China. Because of his outstanding performance at Shenzhen Development Bank, Gao Hongxing was transferred to the Agricultural Development Bank of China, Guangdong Branch, as director of the Credit Department.
In 1997, he was promoted to president of the Zhuhai Branch of the Agricultural Development Bank of China, making him the youngest branch president in the system. After taking office, he strictly focused on credit asset quality and management service level, making Zhuhai Branch the branch with the best profits and various indicators in the entire system. Becoming the youngest and most highly educated executive in the entire system. Feeling that his knowledge needed to be updated, Gao Hongxing took the national unified examination and was admitted to Zhejiang University to study for a doctorate in management engineering. He completed his doctoral studies in 5 years, and then served as a master's tutor at the University of International Business and Economics and the Graduate Department of the People's Bank of China. By 2013, he had trained 32 finance graduate students in 9 classes. So far, he still teaches 3 to 4 master's students every year.
In 2000, China’s capital market was already huge and in urgent need of strengthened management. There are nearly 3,000 listed companies in the Shanghai and Shenzhen stock markets of the securities market, with a stock market value of about 20 trillion yuan. At this time, Gao Hongxing was transferred from the banking system to the Shenzhen Branch of Guotai Junan Securities Co., Ltd. as deputy general manager and party member, in charge of the business of more than 30 securities business departments in five provinces in South China. After Gao Hongxing took office, he took effective measures and achieved good results. He also has a deeper understanding of the new field of securities, and his research on financial capital markets has become more mature. In the following two years, China's capital market entered a period of downturn. Gao Hongxing saw the market opportunities with his unique vision, and he wanted to make a big move of acquisition and reorganization. In 2003, Guangdong Jiangmen Securities Co., Ltd. became insolvent due to poor management, and the government decided to sell its equity. After receiving the news, Gao Hongxing invited several private enterprises to invest 30 million yuan in a joint venture to acquire Jiangmen Securities. He reorganized the company and increased capital and shares. It was renamed Hualin Securities Co., Ltd. and moved to Shenzhen. Gao Hongxing became the chairman and president. More than a year after its establishment, Hualin Securities has impressed its peers, contributed to the development of enterprises and capital markets, and created countless billionaires. Therefore, Hualin Securities has also been hailed as one of the "Little Junan" by the financial industry. say.
In 2004, Hualin Securities encountered an excellent opportunity to invest in Ping An Insurance. At that time, the stock market was in a downturn and Ping An Insurance had not yet been listed. Gao Hongxing and his shareholders participated in a government public auction and purchased 6% of Ping An Insurance's shares at a price of 3 yuan per share. The market value at the time was 600 million yuan. By 2007, the price of Ping An Insurance shares finally rose to 140 yuan. The investment of 600 million yuan turned into 27.6 billion yuan, and the shareholders became billionaires. Gao Hongxing thus became de facto one of the richest people in Shenzhen, once again creating the myth of the capital market.
In addition to operating in the capital market, Gao Hongxing also has another type of "cultivation": he keeps writing and writing books; he tirelessly teaches and educates people. Over the years, in addition to his intense work, he has also written two financial monographs and dozens of papers. Just after his thirties, his monograph "Asset Liability Management of Modern Commercial Banks" was published by China Financial Publishing House. He has published dozens of papers in well-known publications such as "International Financial Research" and "Finance and Trade Economics". In 2005, Gao Hongxing returned to his hometown in Zhejiang and registered the first partnership company in Zhejiang Province in Hangzhou, named CSI Avenue Investment Management Fund Company. Gao Hongxing designated CSI Avenue Company's main business as PE and venture capital, and invested in many companies with development potential. CSI Avenue's capital is growing rapidly. It also opened a cultural and creative industrial park in Qianjiang Development Zone, Hangzhou.
In 2007, he participated in the reconstruction of Shantou Commercial Bank and served as the person in charge of Shantou Commercial Bank and the deputy leader of the reconstruction leading group. This is another commercial bank that is insolvent and on the verge of bankruptcy. Like a good doctor who came back from the dead, Gao Hongxing took on the restructuring of Shantou Commercial Bank, and some private enterprises and people in the financial sector also followed suit.
In 2008, Gao Hongxing already had a certain degree of strength and invested 100 million yuan in Beijing's "Beijing News" and became the second largest shareholder. The "Beijing News" once became one of the most profitable newspapers. . With the gradual realization of his entrepreneurial ideal, he had new dreams.
In order to develop on a broader platform, he invested and immigrated to Hong Kong this year and registered a fund investment company in Hong Kong. Perhaps because of his investment in the Beijing News, Gao Hongxing has a strong affinity for the cultural media market. In 2009, he and his shareholders invested 1 billion Hong Kong dollars to start Hong Kong Satellite TV. The Hong Kong Special Administrative Region government granted him the Hong Kong Satellite TV license and approved 6 channels at one time.
In 2010, Hong Kong Satellite TV officially launched. Gao Hongxing will build Hong Kong Satellite TV as his main career in the second half of his life, and is determined to build Hong Kong Satellite TV into an excellent media with international influence. Gao Hongxing's positioning for Hong Kong Satellite TV is "based on Hong Kong, extending to both sides of the Taiwan Strait, and integrating into the world." It has now established branches and offices in 15 provinces and autonomous regions in the mainland, and has established press stations in Paris, London, Taipei and other places. Reporter stations in the United States, Japan, South Korea, North Korea, the Philippines and other countries are also under preparation. Hong Kong Satellite TV has rented three satellites to broadcast programs 24 hours a day, with signals covering 150 countries and regions in Asia-Pacific, Europe, and Africa.
In 2010, the Shenzhen Municipal Government went to Hong Kong to hold the first global investment promotion event for Shenzhen Qianhai New District. More than 20 large consortiums actively signed up for this investment fair, and the only news media organization was Hong Kong Satellite TV. Gao Hongxing was the first to sign a contract and invest in establishing the Shenzhen headquarters of Hong Kong Satellite TV. The Shenzhen government warmly welcomes Hong Kong Satellite TV to settle in Qianhai and plans to grant land to Hong Kong Satellite TV. Gao Hongxing plans to build a large building of 100,000 square meters on this land as the production, launch and operation base of Hong Kong Satellite TV.
In December 2011, Hong Kong Satellite TV officially entered mainland Internet TV through China Network Television (CNTV), becoming the first Hong Kong, Macao and Taiwan television organization to enter the mainland.
In January 2014, Hong Kong Satellite TV and Fahrenheit Group signed a strategic cooperation agreement to develop the "China· The "Dubai Happy Island" project is expected to be launched within this year.
In October 2014, Gao Hongxing invested in the construction of the entire tourism and leisure development project of Fanzeng Mountain in Zhejiang, with a planned area of ??30 square kilometers, including the core scenic spot, Fanzeng Mountain Folk Customs and Blessing Culture Tour Center, and Jiuxian Lake Religious Pilgrimage Cultural and leisure areas, etc., with a total planned investment of 1.08 billion yuan.