CRI Home - Photo- Forums - Talk China - Surf China - About China -  
  Webcast | CRI Today | China | World | Biz | SciTech | Sports | Life | Showbiz | Easy FM | Learn Chinese / English | Weather | Events
 
 
 
 
Guo Guangchang
2005-1-13 21:59:04      CRIENGLISH.com
Chairman & President of Fuxing Industrial Group

In 1992, with an investment of US$ 4,500, Guo Guangchang and four friends developed a medical product to test for hepatitis A. This was the beginning of a business empire. Six years later, in August of 1998, the company, Fuxing Industrial (600196), was listed on the Shanghai Stock Exchange. With investments concentrated in Shanghai, the company currently controls or has a stake in five listed companies: Fuxing Industrial, Yuyuan Shopping Center, Tianyao Holding Company, Lingrui Pharmaceuticals and Friendship Holding Company. In total, Fuxing Group boasts over seventy affiliates. Total sales revenue for Fuxing Group hit US$ 1 billion last year. The company has successful operations in the real estate, information, emerging software, and sports industries.

Guo Guangchang is currently chairman and president of Shanghai Fuxing High-Technology (Group) Co., Ltd., chairman of Shanghai Fuxing Industrial Inc., and chairman of Fudi (Group) Inc. These businesses focus on real estate, pharmaceuticals and retailing.

Guo describes his business philosophy this way: "Fuxing has always sought an investment model that involves both portfolio investments in other firms and capital investment in its own operations." Fuxing Group's business can be divided into three branches: stock market investments, industry operations and venture capital investments.

The company's stock market investment business tries to determine the cycle of numerous industries and identify investment opportunities, with other Fuxing Group branches as its major customers. Industry operation is comprised of the group's listed companies, with Fuxing Industrial at the core, which seeks to employ the best resources within industries to form core competencies. In Guo's opinion, the venture capital business is the cornerstone of Fuxing Group's business.

Fuxing Group can be described as a "quasi-family business", because the principal executives of the group are still the same team of Fudan graduates who have managed the company from the beginning. Similar backgrounds have made communication easy within the management team over the years.

Biographical Information:

Guo was born in 1967. He holds a bachelor's degree in Philosophy and a MBA degree from Fudan University. Guo started up Guangxin Science and Technology Consulting Company in 1992, and worked as the general manager of both Guangxin Science and Technology Development Company and Furui Real Estate Development and Operation Company at Shanghai. Guo was chairman and general manager of Shanghai Xingao High-tech (Group) Ltd. In 1993, Guangxin was renamed as Fuxin, which listed as Fuxin Real Estate in 1998 and obtained total investment of RMB 350 million (US$ 42.3 million).


        Talk China        Print        Email        Recommend
 
  Copyright of crienglish.com. All rights reserved.

Reproduction of text for non-commercial purposes is permitted provided that both the source and author are acknowledged and a notifying email is sent to us.
 
 

 
postalChina Post is progressing with its scheme to merge its two sub-businesses.
textilePeter Mandelson said he would hold talks with Bo Xilai this week.
YahooChinese e-commerce operator Alibaba.com is in the late stages of talks to sell a 35 percent stake to Yahoo Inc.
BOC IPO Could Take Place in 2005
China, Hong Kong, Japan, and Aussie Market Roundup 
CNOOC's Market Value Up By $7b
Producer Price Index Rises
Lenovo Profit Up 6% After IBM PC Buy
Power Supply Sees Robust Growth
HK Urges Manufacturers to Go "Green"
Major HK Banks's Interest Rate Hike
China Mobile First-Half Profit Rises