Chen Guang: Why are all the richest people in the Philippines from China?

Although every entrepreneur has a different way to make a fortune, the analysis shows that many elites in the Philippines and China have similar and certain success foundations, except for thousands of years of wisdom inheritance and elusive racial factors such as "business genes".

One of the foundations is China people's desire for wealth and success, which makes them far superior to other nationalities in subjective initiative. Several Filipino entrepreneurs have mentioned to Chinese businessmen that they or their ancestors had to leave their homes and go to South Asia to make a living because of extreme material shortage or even "inability to survive".

In this new land, they are eager to "change their destiny with their lives", even if it is a small wealth opportunity, they will try their best to seize it and go all out. In contrast, the aborigines and early mixed-race groups in the Philippines have not experienced too many hardships, and their lives have been muddling along, with no poverty and no ambition to seek wealth. Therefore, China people have a "natural advantage" in creating wealth here.

The second foundation is that Chinese people seized the opportunity to get rich in the process of the founding and development of the Philippines. At the end of the colonial era, Spain withdrew its troops from the Philippines and sold a lot of assets cheaply, most of which flowed into the pockets of Chinese. While other ethnic groups are still waiting to see, wondering about the future and hesitating about what they don't need, many Chinese have gambled all their wealth, which is one of the reasons for the rise of that group of Chinese after the war.

Similarly, at the end of World War II, a large number of abandoned military materials were also eaten by China people, and Shi Zhicheng made his first bucket of gold by buying and selling American military boots.

Secondly, although many younger entrepreneurs started from poverty, they are not without foundation, and the Chinese group who get rich first will always be their leaders. As mentioned earlier, Chinese in immigrant countries such as the Philippines are relatively closed and have their own circles. The other side of this feature is that groups are crowded inside and it is difficult for outsiders to enter.

Many entrepreneurs of the older generation in the Philippines and Central China are proud of supporting their fellow villagers and younger generations, and various village chambers of commerce have emerged in an endless stream and flourished. They are more willing to share business opportunities with their fellow villagers and make money together. Among the top 50 richest people in the Philippines, 1 1 If the actuarial "hometown", the ancestral home is Quanzhou, Fujian.

"Master leads the door", success depends on yourself after all. Personally, the Philippine community has achieved great success. For example, they work hard without exception, at the beginning of their business, and for decades after fame and fortune. When Chen Yongzai was in his seventies, he still held more than a dozen meetings every day, from morning till night.

On the other hand, they are bold and cautious, full of courage, dare to "gamble" and dare to enter high-risk industries. Shi Zhicheng was still in college when he opened a shoe store. He decided to give up his studies for the sake of business. People around him don't understand that he made such a decision for such a small enterprise, but Shi Zhicheng said, "Shoes are what everyone needs. I want Qi Xin to work together to make the whole Philippines buy my shoes. "

With similar courage, China enterprises have grown from scratch and successively occupied several large-scale industries. Such as banking, transportation, communications and other industries, are all industries that need a lot of capital investment and face policy regulation at any time. In China, these industries are controlled by state-owned enterprises, while in the Philippines, these industries are dominated by China people.

Photo: Philippine Capital Bank

It is impossible for China entrepreneurs to enter these fields overnight, and they also face many problems such as funds and policies. After getting the qualification, they first grabbed food from state-owned enterprises and then successfully attacked. Many of them grew up and bought the original Philippine state-owned enterprises.

Filipino entrepreneurs are meticulous while doing the biggest business. Shi Zhicheng, whose assets exceed $10 billion, works almost every weekend. One of his jobs is to visit his shopping center. Everywhere he goes, he must see three things: seafood, cooked food and toilet. Sometimes, he will check the sanitary problems of toilets layer by layer, because in his view, the cleanliness of toilets can directly reflect the management level of shopping malls.

In addition to the above factors, China enterprises are superior to other enterprises in the fields of technology introduction, capital density, new technology application, and employee education and training. These factors have to be accumulated for many years to help them successfully control the economic lifeline, and the more they grasp it, the tighter it is ~