Top 15 influential business people in China
- By Lin Liyao
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E-mail China.org.cn, January 13, 2012
Wang Shi (王石)
Company: China Vanke (萬科企業(yè)股份有限公司)
Industry: Real estate
Position: Chairman
Age: 60
Established in 1984, Vanke was a diversified company engaged in various sectors including real estate, hotel, retail and foreign trade. In 1991, Vanke became listed on the Shenzhen Stock Exchange, making it the second listed company there after Shenzhen Development Bank. Five years later, Wang Shi decided to make real estate the primary business of his company. And after 11 years of development, Vanke has now become China's the largest residential real estate development company, focusing in building, managing and selling properties across 20 cities in the Pearl River Delta, the Yangtze River Delta and the Bohai-Rim Region. Wang distinguished himself from his business rivals by setting strict rules of no bribery, below-25 percent profit and transparency. These corporate rules have influenced many Chinese companies.
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