After five years in prison, he returned to the Jianghu and became a senior director

category:Society
 After five years in prison, he returned to the Jianghu and became a senior director


The Guo Desheng family, the Li Jiacheng family, the Li Zhaoji family and the Zheng Yutong family are known as the four most powerful families with the most financial resources and influence in Hongkong, so they are known as the four families in Hongkong. Guo Bingjiang is Guo Deshengs second son. His life has changed a lot: he previously ran a hundred billion family business and was the former co chairman of Sun Hung Kai real estate. At the age of 63 in 2014, he was convicted and jailed for conspiracy to bribe. He was released from prison in March 2019.

Now its back in the Jianghu, making people once again focus on the real estate tycoon and the Guo family behind him. According to the latest data, the Guo familys property is over 140 billion yuan.

Guo Bingjiang returns to the Jianghu

Senior director of Xindi subsidiary

According to Hong Kongs Ta Kung Pao, Guo Bingjiang, former co chairman of Hong Kong Sun Hung Kai real estate, who was released from prison on March 21, 2019, ended his 9-month recuperation and returned to work in the new area.

As announced by Xindi on January 2, 2020, Guo Bingjiang has become a senior director of Xindi subsidiary: Sun Hung Kai Real Estate Agency Co., Ltd. since January 2020.

According to chinanews.com, Xindi explained that the appointment is in view of Guo Bingjiangs long-term service to the group, his rich knowledge and deep experience in land planning and project development, also known as his experience in more than 30 years of working in the industry, and his international vision, which is conducive to the long-term development of the groups related businesses.

Xindi added that Guo Bingjiang and his younger brother, Guo binglian, had successively returned to Hong Kong in the late 1970s to serve the group, successfully led the groups real estate business development in the past 30 years, experienced many market ups and downs, and developed a number of classic projects. Xindi is looking forward to Guo Bingjiangs return to the family.

Previously jailed and suspended as a director of the company for 5 years

Just released in 2019

Guo Bingjiang is the second son of Guo Desheng, the co-founder of Sun Hung Kai real estate. In 2011, he and his younger brother, Guo binglian, jointly served as the co chairman of new land, and took charge of the business kingdom of more than 100 billion yuan. In 2012, however, he was jailed for corruption involving former chief executive Xu Shiren.

On July 13, 2012, Sun Hung Kai announced that it appointed Guo Jihui, 29, the son of Guo Bingjiang, and Guo Li, 31, the son of Guo binglian, as the replacement directors of the two; and appointed Huang Zhirong and Lei Ting, two executive directors, as the deputy general manager of the company.

At the end of 2014, Guo Bingjiang was convicted of conspiracy to commit misconduct in public office. The judge sentenced him to five years imprisonment, a fine of HK $500000 and ordered him to be banned from any companys directorship for five years. The deadline has expired by the end of 2019.

On March 21, 2019, Guo Bingjiang was released from prison after serving his sentence. At that time, he said that because he had been away from the company for some time, there had been many changes, he wanted to recover the development of the outside world during his time in prison, and would not return to the company for the time being.

Guo family: the king of real estate in Hong Kong

The Guo family of Sun Hung Kai is one of the four families in Hong Kong. It has the same financial strength as the Li Ka Shing family and is the king of real estate in Hong Kong.

In 1958, at the age of 47, Guo Desheng, who started by selling foreign goods wholesale, and his friends Feng Jingxi and Li Zhaoji, founded Yongye Co., Ltd., the predecessor of Sun Hung Kai company, and set foot in the real estate industry.

At the end of 1992, the market value of Sun Hung Kai Real Estate surpassed that of Li Ka Shings Changshi real estate, becoming the largest real estate company in Hong Kong, which is called real estate giant. The business of new land is mainly concentrated in Hong Kong, with the largest land reserves among Hong Kong real estate developers, and the major residential development projects in major cities and towns in the new territories.

Now, Sun Hung Kai real estate, owned by the Guo family, is one of the largest real estate developers in Hong Kong and one of the enterprises with the most land reserves.

According to statistics, some industries of Sun Hung Kai real estate are as follows:

In addition, Sun Hung Kai real estate has property investment in Beijing, Shanghai, Guangdong, Chengdu and other places.

In 1972, Sun Hung Kai was officially listed on the Hong Kong stock exchange. According to the global enterprise 2000 released by Forbes in June 2018, Sun Hung Kai Real Estate ranked 267. According to the latest data, the market value is nearly HK $350 billion.

Family wealth exceeds 140 billion

The specific relationship of Guo family is as follows:

According to Forbes list of the richest people in Hong Kong in 2019, Kuang Xiaoqing has assets of 15 billion US dollars (about 104.5 billion yuan), and the three brothers, Guo Bingxiang, Guo Bingjiang and Guo binglian, have assets of 5.3 billion US dollars (about 37 billion yuan). By simple calculation, the total wealth of Guo family is over 140 billion.

Guo Desheng died of a heart attack in 1990. Li Zhaoji and Feng Jingxi started their own businesses respectively. Sun Hung Kai has since entered the era of three brothers of the Guo family.

Guo Bingxiang, the eldest, served as chairman and chief executive of the group, while Guo Bingjiang, the second, and Guo binglian, the third, served as vice chairman and general manager. Among them, Guo Bingjiang was born in Zhongshan City, Guangdong Province on January 1, 1951, and received his masters degree in Business Administration from London University and his bachelors degree in civil engineering from Imperial College of London University.

(function() {(window. Slotbydup = window. Slotbydup| []). Push ({ID: u5811557, container: ssp_, async: true});}) ()); in 2008, Kuang Xiaoqing replaced the chairman of the board of directors of the eldest son, Guo Bingxiang Sun Hung Kai Group. On September 15, 2011, Sun Hung Kais board of directors appointed Guo Bingjiang and Guo binglian as co chairmen of the group, and the two brothers formally took over the power baton from their mother. However, a year later, on March 29, 2012, Sun Hung Kai was involved in a huge bribery and corruption case, and Guo Bingjiang was involved in a bribery case. And went to jail in 2014. In October 2018, his eldest son, Guo Bingxiang, died. In March 2019, Guo Bingjiang was released from prison. At that time, many people were looking forward to Guo Bingjiangs return to Sun Hung Kai, but Guo Bingjiang said that because he had left the company for a while, there had been many changes, he wanted to recover the development of the outside world during his time in prison, and would not return to the company for the time being. Source: Han Jiapeng, editor in charge of China Fund News: nn9841

In 2008, Kuang Xiaoqing replaced his eldest son, Guo Bingxiang, as chairman of the board of directors of Sun Hung Kai Group.

On September 15, 2011, Sun Hung Kais board of directors appointed Guo Bingjiang and Guo binglian as co chairmen of the group, and the two brothers formally took over the power baton from their mother.

However, a year later, on March 29, 2012, Sun Hung Kai was involved in a huge bribery and corruption case, and Guo Bingjiang was involved in a bribery case. And went to jail in 2014.

In October 2018, his eldest son, Guo Bingxiang, died.

In March 2019, Guo Bingjiang was released from prison. At that time, many people were looking forward to Guo Bingjiangs return to Sun Hung Kai, but Guo Bingjiang said that because he had left the company for a while, there had been many changes, he wanted to recover the development of the outside world during his time in prison, and would not return to the company for the time being.