Entrepreneurial period (1985- 199 1 year)
Mr. Yang Baigen 1985 resigned and started a business. During this period, he traded a house left by his parents for a shop along the street, raised funds to open a small restaurant, and contracted a small freight company with the accumulated funds from opening a restaurant. After several years of painstaking efforts, he successfully dug the first bucket of gold for business in the sea and became one of the few rich people in China in the early days of reform and opening up.
Entrepreneurial growth period (1992- 1994)
Mr. Yang Baigen gradually realized the importance of intangible assets to the development of enterprises through his deep entrepreneurial experience in the initial stage. Starting from 1992, relying on the accumulated capital, we contracted a material company affiliated to a state-owned bank as a risk deposit and switched to the steel trading industry, which realized the full utilization of the intangible assets of the bank, formed a rapid development road of large-scale operation, and became one of the few private enterprises that took shape in the early days.
Maturity of Entrepreneurship (1995-2000)
1994, domestic policies changed, and China resumed the establishment of the company law system. In order to meet the needs of enterprise development and clarify property rights, 1995 decoupled from banks and formally registered and established a limited liability company, becoming the first batch of private enterprises with independent legal personality. The first batch obtained loan support from state-owned banks to private enterprises, and at the same time implemented the introduction of corporate governance system and the implementation of full-time labor contract system. A series of measures, such as housing allocation system, have been awarded the honorary certificates of Top 500 Private Enterprises in China, Top 0 Private Enterprises in Shanghai 100, No.1 Sales Scale and No.1 Tax Payment in the company's area for three consecutive years.
Exploration period of transformation (200 1-2006)
Since 200 1, the benefits of the company's main business have declined and the business environment of the industry has deteriorated. Based on this, the company began to think about the future road of transformation and development, and formulated a three-step implementation strategy and put it into practice: first, increase risk control of its main business; The second is to strengthen the market opportunity benefit; The third is to actively explore the transformation of the main business. During this period, due to the ups and downs of the domestic economy, the company decisively reduced the scale of its main business. Through a series of effective investment measures, not only the industry risks are resolved, but also the company benefits are guaranteed. During this period, the company's asset scale achieved good growth, which also laid a good economic foundation for the company to enter the real estate development field.
Transitional development period (2007-present)
-officially entered the commercial real estate industry.
In 2007, relying on years of market insight, the company wisely realized that investing in Shanghai Lingang is a huge potential opportunity and an excellent starting point for the company to transform into the real estate industry. Therefore, it took the initiative to win two commercial sites in Lingang New Town, the main functional area of Shanghai's two centers, and officially entered the ranks of commercial real estate development operators, truly realizing the development strategy of main business transformation. The vision and goal of Baiyexin in the future will be based on the established business foundation of commercial real estate, and further step into the field of industrial investment, and gradually form two development target patterns of industrial management and industrial investment.