Bao Yugang is the world's recommended Chinese world shipping king, 1978, Hai Xian, Bao Yugang? What happened? Rongrong? Hey? Pan? What nonsense? Is it dangerous? Hey? Fat servant? Huh? Pardon me, but not all oysters? Five bucks thinner? Hey? ! -picture in picture on the text page begin-& gt；;
Director of HSBC China, 1976, was knighted by the Queen of England. The King of Belgium, the President of Panama and the Emperor of Japan all awarded him medals, and he was a famous financier and international activist.
Type of enterprise
shipping industry
Growth record
Among many entrepreneurs in China, few are engaged in shipping. After all, China is not a maritime country. People who grew up on the land like the thick and stable feeling of the land. When it comes to the sea, the first feeling is unpredictable and unpredictable. The business sea is even more unpredictable, not to mention the commercial war at sea. No one can predict variables. It is very valuable to have "harmony between people".
From land to sea
Bao Yugang was born in a small businessman's family in Ningbo, Zhejiang. His father Bao Zhaolong is a businessman who does business in Hankou all the year round. Busy as he is, he is strict with his children. As his family is quite rich, he decided to let his children receive the best education in the local area.
Ningbo, located on the coast of the East China Sea, is the largest port city in Zhejiang Province, and one of the "five-port trade" ports after the Opium War. It has a long business tradition and formed a famous business gang in history-Ningbo Gang. Bao Yugang's village is not far from the sea, but since he went to Zhenhai with his father, he has been fascinated by the vast sea and merchant ships on the sea. His favorite thing at school is to see the sea and ships, where he spent a happy childhood.
13 years old, his father sent him to Shanghai to study. Shortly after arriving in Shanghai, he plunged into Wusong Ship Administration School to learn about ships. After the outbreak of War of Resistance against Japanese Aggression, he moved to Chongqing. Here, he didn't follow his father's wishes to continue his studies in college, but went to a bank and became a clerk.
1938, Bao Yugang came to Shanghai and worked in the insurance department of the Central Trust Bureau. With his own efforts and accumulated experience in the bank, in a short period of seven years, he rose from an ordinary clerk to the manager of Hengyang Bank, the manager of Chongqing Branch and finally the deputy general manager of Shanghai Bank. The road ahead is smooth sailing. But at this time he resigned, because he was not interested in this aspect, and his relatives and friends were puzzled.
1949 At the beginning of this year, Bao Yugang and his father went to Hong Kong with savings of several hundred thousand yuan. I started a small business and accumulated some money, but what should I do next? Bao Yugang remembered his childhood longing for the sea, so he put forward the idea of sailing. His mother advised him to "risk three points for racing boats", and engaging in shipping is equivalent to betting all assets. If he is not careful, he will go bankrupt. His father thinks that Hong Kong's shipping industry is very developed and the competition is fierce, while Bao Yugang is a layman in shipping. Why does he want to run shipping? However, Bao Yugang has made up its mind to seek development in the marine transportation industry. While continuing to convince his father and other family members, he learned about ships and shipping, and carefully studied books about shipping and ships.
Bao Yugang can finally realize his dream at sea! Although the journey is very difficult, he is 37 years old.
There was not enough money at first. With the help of friends, more than 700,000 dollars were raised. Bao Yugang made a special trip to England to buy a second-hand ship powered by burning coal. This ship has been used for 28 years, with a displacement of only 8,200 tons. Although the ship was in tatters, Bao Yugang regarded it as a treasure, renovated it, painted it and named it "Jin 'an". This ship is the beginning of his career. 1955, Bao Yugang established "Global Shipping Group Co., Ltd." and negotiated with a Japanese shipping company to sublet "Jin 'an" to this company to transport coal from India to Japan on a long-term lease basis.
This is a risky decision, because at that time, people in the shipping industry all over the world adopted the traditional short-term leasing method, that is, they settled accounts with charterers every voyage. This not only charges a high standard, but also increases the freight rate at any time. Onassis, the world-famous Greek captain, Ludwig, the American captain and Dong Haoyun, the captain of the old port ship, all did the same. However, Bao Yugang is different from all of them. He unexpectedly adopted a long-term lease operation mode, renting his boat to others for three years, five years or even 10 years. Tenants pay monthly rent, but the rent standard is much lower. Many people are laughing at the boy for overreaching himself and not knowing the rules, but Bao Yugang has his own plan. He once said to someone, "My motto is, I would rather make less money than take risks." What he pursues is a long-term stable income, which is a long-term business method. And short rent will take some risks.
In fact, it is this slow and steady way that distinguishes Bao Yugang from other shipowners, and finally sits on the throne of the world ship king.
World ship king
As the saying goes: "Know yourself and know yourself, and you will win every battle." While choosing long-term lease as the mode of operation, Bao Yugang is also thinking about another problem. His experience as a bank clerk made him understand the importance of funds to an enterprise. To make his shipping career develop rapidly, he can't do it alone, and he must get the support of the bank. So Bao Yugang ran around looking for the door. He found a friend he made when he was engaged in import and export trade in his early years-Santos, a senior employee of Hongkong and Shanghai Banking Corporation. As we all know, the British-funded HSBC is a giant in Hong Kong's financial sector and the most well-funded bank in Hong Kong since 100.
With his fluent English and skillful business, 1956, Bao Yugang obtained a mortgage loan from HSBC with a boat, and obtained a small loan with Saunders' consent. Later, Bao Yugang got an opportunity to buy a 7,200-ton ship for $6,543.8+0,000, and also found a charterer, but he had no money to buy a boat. What should I do? So Bao Yugang borrowed $654.38 million from Sandoz, $654.38 million! At that time, it was definitely not a small sum. Sandoz thinks that Bao Yugang is joking, and there is no money or deposit. What if he loses money? However, Bao Yugang took advantage of the charterer's urgency and actually got a "letter of credit" of $750,000. Sandoz was completely moved by the young man's perseverance, and he agreed to lend Bao Yugang money. This "air-to-air" victory is the beginning of the loan relationship between Bao Yugang and HSBC. In the subsequent loan cooperation, he took honesty as the foundation, gained the trust and support of the bank, and provided a strong source of funds for the development of his career. Later, Bao Yugang became the director of HSBC and became the "first person in Asia".