Huang Shih Tsai Success Story

Huang is the executive chairman of the board at his company the Great China International Group. The company invests in the media and real estate sectors. Huang is among the richest in Honk Kong and China thanks to his smart business skills and organizational abilities. According to Forbes magazine, he is the 663^rd wealthiest billionaire in the world with a net worth of $2.8 billion and 22^nd richest in Honk Kong City and is 43^rd in China’s rich list of 2014. Huang served as a non-executive director before being changed to Executive Director in 2013.

Career

Huang founded his company the Great China International Group, a set of investment firms in 1987. The company is quite diverse and continues to expand even today, stepping into new sectors and venturing into markets that it had previously couldn’t access. The group is Huang’s main source of wealth. Around 1994 Huang initiated multiple residential projects in the rural sections of Shenzen City. These residencies are seen as welfare projects rather than profit ventures as they target the underprivileged and sell the properties at low rates.

Heights

Huang owns various other businesses such as the International Finance Center, a hotel in Shenzen city and GC square. He is considered a front runner for initiating the permanent residence through property acquisition (PRTPA) concept in rural China, where the homeless and the old are sold properties for flexible prices so that they can have permanent residential homes. The idea was first implemented in his Longzhu Garden Project and has since been used in other areas as well.

Feung has expanded his business through smart and new methods and ideas that set his properties apart from the rest. For example his residential buildings are popular for having a hotel styled service unit. He also bravely ventured into the non-local market, and in the process stepped out of his comfort zone into new markets such as Shenzen’s central business district.