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Chronicle of Rong Zhijian's life.

Larry Yung

1942 1 Born in Shanghai, Wuxi, Jiangsu.

1965 Graduated from Tianjin University, majoring in power engineering, worked as a power station engineer in Jilin, Sichuan, Beijing and other places, and engaged in research on power stability and other topics in Tsinghua University.

1978 moved to hongkong, founded Aika electronics factory, served as managing director, and produced integrated circuits and other electronic products; And founded Li Huida Investment Development Co., Ltd., engaged in venture capital of electronic technology development in the United States, and achieved fruitful results.

At the beginning of 1987, CITIC was hired as the managing director of CITIC (Hong Kong Group) Co., Ltd. to take charge of CITIC (Hong Kong Group). At the beginning of his tenure, he planned to acquire Cathay Pacific 12.5% shares. Subsequently, it acquired a 46% stake in Dragonair and invited Swire and Cathay Pacific to participate. Two months later, Dragonair turned a profit.

1990 raised10 billion Hong Kong dollars to acquire a 20% stake in Hongkong Telecom. In the same year, he acquired the Pacific listed company, changed its name to CITIC Pacific, and served as the chairman of the board of directors, and successively invested in Dragonair, Cathay Pacific, Hong Kong Telecom, Oriental Tunnel and other projects. Later, it acquired Dachanghang, a well-known distributor of household products such as automobiles, grain, oil and food, and electrical appliances. Subsequently, it took a 35% stake in the Western Harbour Crossing, acquired a 50% stake in Hong Kong Xingye, which owns the property development of Discovery Bay in Hong Kong, and raised HK$ 654.38+062 billion to acquire a 20% stake in CLP. At the same time, it also invests in public utilities and real estate in Shanghai, Wuxi, Nanjing and Chongqing. After ten years of operation, CITIC Hong Kong and CITIC Pacific have developed into large-scale comprehensive enterprises in Hong Kong, which are mainly engaged in infrastructure, aviation, real estate, trade and distribution. Rong Zhijian is enthusiastic about public welfare and cares about education. Established educational funds in many domestic universities and Stanford University in the United States, and was awarded honorary professor of Tianjin University.

1994 to 1997, as a member of the Governor's Commercial Committee.

1994 was elected as a director of the Hong Kong Jockey Club.

1995 became the first Chinese president of Hong Kong Golf Club.

1996, MBO gained control at the cost of 1000 billion Hong Kong dollars.

1988 was appointed as a member of the Seventh China People's Political Consultative Conference and was re-elected for the eighth and ninth terms.

In 2009, the Hong Kong Police Force searched the headquarters of CITIC Pacific Company to investigate the huge accumulated option losses of investing in the Australian dollar in 2008. Subsequently, he and the managing director resigned one after another, and the post of chairman was taken over by Chang, vice chairman of CITIC Group.