After leaving Vanke, Wang Shi became the co-chairman of Huada Group

Wang Shi announced on the night of August 4 that the board of directors of Huada Group approved him to become the co-chairman of the group.

That night, Zhu Yanmei, executive vice president of Shenzhen Huada Gene Technology Co., Ltd. (hereinafter referred to as Huada Group), also confirmed the above news to the Caixin reporter.

In June 2017, Wang Shi stepped down as chairman of the board of Vanke (000002.SZ/02202.HK).Joining Huada Group this time, Wang Shi regards it as another stop on his life journey.On the evening of August 4th, on his personal Weibo, the 67-year-old Wang Shi described the appointment in Xianfeng with infinite scenery.

In fact, Wang Shi retired from Vanke endlessly.In April 2018, he also announced that he would be the co-chairman of Yuanda Technology Group.

Huada Group is the controlling shareholder of Shenzhen Huada Gene Co., Ltd. (300676.SZ, hereinafter referred to as Huada Gene).As of the end of the first quarter of 2018, Huada Group held 37.18% of the listed companies.Both Huada Group and Huada Gene are chaired by Wang Jian.Wang Jian and Wang Shi have been friends for many years.

According to public information, Wang Shi was once an independent director of Huada Gene, and his term of office began in June 2015.On January 19, 2018, Huada Gene announced that the board of directors had recently received Wang Shi's resignation report.

Retiring as an independent director of a listed company is the prelude to Wang Shi's joining Huada Group.According to the guidance issued by the China Securities Regulatory Commission on the establishment of an independent director system in listed companies, those who work in the top five shareholder units of listed companies are not allowed to serve as independent directors.

Whether in Yuanda Group or Huada Group, Wang Shi has actual division of labor.In June 2018, Wang Shi disclosed the above information in an interview with a reporter from Caixin.He also said that he doesn't like to make a name for himself.

Wang Shi said that in the past he was used to being the soul of Vanke, and in the future he needs to adapt to the transition from a leading role to a supporting role.In Yuanda and Huada, I am just an assistant, not a protagonist.Wang Shi said. Further reading: Wang Shi: The Days of Leaving Vanke

Even when holding a personal photography exhibition, the 67-year-old Wang Shi adopted a new method—directly enlarge the screenshots of Moments and display them together with text and comments.

On the afternoon of June 21st, at Shenzhen Central Bookstore, Guangdong, Wang Shi stood for his photography exhibition outside the window, and the audience was crowded.The organizer of the photography exhibition is Shenzhen Federation of Literary and Art Circles.The host introduced that Wang Shi's title is the chairman of the Shenzhen Entrepreneur Photography Association.Wang Shi, on the other hand, positions himself as a photography enthusiast, and expresses that he is self-aware of his photography skills.

I am a vain person.Wang Shi joked in his speech, and I was relieved when I saw that 99% of the guests had the title of chairman or president.

This is an occasion for Wang Shi to show his personal hobbies to the public.Few people still remember: June 21 last year was the day Wang Shi announced his retirement from the position of chairman of Vanke Group.He said in the circle of friends at the time: I have been in Vanke for 34 years, and I have been a shopkeeper for 17 years; now I will start my new 17 years.In another 17 years, I will only be 83 years old!(Vanke was established in 1984, but Wang Shi went to Shenzhen to start a business in 1983, and he regarded this year as the foundation for the establishment of Vanke)

As the founder of Vanke Group, Wang Shi still maintains his own office in Vanke.It is located on the top floor of the Vanke office building, roughly the size of a middle school classroom, with a balcony facing the sea.

At 10:00 on June 21, before accepting an exclusive interview with Caixin, Wang Shi had a hasty meeting in the small conference room of Vanke Group.When a reporter from Caixin asked him if he was attending the Vanke meeting, he laughed at himself: I am only the honorary chairman of the board of directors of Vanke, so I am not qualified to attend the meeting of Vanke.

If you don't mention my one-year retirement anniversary, I've already forgotten.He added that the content of the morning meeting was that I told my team that I would not shoot commercials in the future.

Wang Shi is not entangled in the past.He has a very diverse personality, he is not only satisfied with his duties as a professional manager, but also restless to toss himself; he has a business mind and a strong desire for victory, but he does not pursue the peak of personal wealth; he advocates free competitionand marketization, but to a considerable extent trust and rely on the state-owned system.In him, pride, publicity, introspection, and awareness of current affairs coexist.He not only has the traditional commonality of entrepreneurial entrepreneurs from the 1980s and 1990s, but also often breaks away from that group, showing a rebellious and willful side. In his own words, he is a man in his sixties.immature.

At the age of 67, the future he chooses is still tossing - starting a business again.

From photography to heart

Photography is a side of Wang Shi that is rarely shown in public—before, the public had not only been used to associating him with Vanke; they had also been used to him climbing mountains, rowing boats, studying abroad, doing charity work, and even making braised pork.

Working in the real estate industry is very difficult, but you can't experience this kind of hardship from Wang Shi.About two years ago, the owner of a real estate company in Shenzhen once told a Caixin reporter, how could any entrepreneur live like him?

This is Wang Shi's unique way of life, and he is also willing to show the world in his eyes to the public.For this reason, he spent a lot of money to buy a full set of Leica cameras, but eventually he got used to taking pictures with a more convenient mobile phone.

Taking photos with mobile phones can be shared instantly, which is a social way.Wang Shi said at the photography exhibition.He pointed to a picture introduction taken on April 16, 2013, did you see this American flag?This is recording historical events.This picture is the scene of the Boston Marathon bombing in the United States. This picture was taken by Wang Shi and was used in the news report of the Wall Street Journal the next day.

Strictly speaking, Wang Shi is not trying to show photography skills, but trying to show his heart in this way.I want to be an artist too, but I don't have that gene.At the media communication meeting after the photography exhibition, Wang Shi said that photography is my hobby, and it is also a very good communication language.

Wang Shi explained his series of works outside the window to the guests—the window is like a frame, and I see the vast sea and sky outside the window from this frame.He said that the inspiration for the shooting of this series of works came from his study tour at Harvard in 2011, when life was so boring that only three points and one line were left-classrooms, cafeterias, and single dormitories.The greatest pleasure is to look out of the window of the classroom during breaks and take pictures.

Wang Shi turned his eyes from the Caixin reporter to the floor-to-ceiling windows, and calmed down. I still take pictures of the windows now, but the state is quite different from before.I took pictures from the windows of the high-speed rail, from the windows of the airplanes, and from the windows of hotels in various places #8943; #8943; The world is really colorful.

This kind of interpretation is more like revealing his heart to the public implicitly and implicitly—that morning, he told the Caixin reporter that in the past few decades, I have devoted myself to Vanke;I am more or less bound by the position of chairman of Vanke; now that I am retired, I don't have so many scruples this year.

Even when holding a personal photography exhibition, the 67-year-old Wang Shi adopted a new method—directly enlarge the screenshots of Moments and display them together with text and comments.

I am a vain person.Wang Shi joked in his speech, and I was relieved when I saw that 99% of the guests had the title of chairman or president.

as WanWang Shi, the founder of Vanke Group, still maintains his own office in Vanke.It is located on the top floor of the Vanke office building, roughly the size of a middle school classroom, with a balcony facing the sea.

At the age of 67, the future he chooses is still tossing - starting a business again.

From photography to heart

Vanke is my work

Wang Shi claims to be a spiritual leader in Vanke and the image spokesperson of Vanke.Vanke was established in 1984, entered the real estate industry in 1988, and completed the joint-stock reform in the following year. It was officially listed on the Shenzhen Stock Exchange in 1991 and quickly grew into a leading real estate company in China in the future.

I deliberately distanced myself from Vanke for the sake of the Vanke brand.Wang Shi told the Caixin reporter that after studying the differences between famous companies in the East and the West, he found that Eastern companies mostly adopt blood inheritance, and they developed well in the founder’s generation, but declined rapidly in the second and third generations;Many well-known companies in the West rely on generations of excellent professional managers, and their brands have been passed down for hundreds of years.

In February 1999, Wang Shi, who was only 48 years old at the time, resigned as the general manager of Vanke and only served as the chairman, but at that time he was still the decision maker of many major issues of the company.In 2001, after 36-year-old Yu Liang took over as the general manager, 50-year-old Wang Shi made up his mind to be a shopkeeper, so he spent more time climbing mountains.

For Wang Shi, quitting Vanke was far more difficult than creating Vanke.He recalled the moment when he had just handed over power to Yu Liang—one day when he came to work in the company, he found the office was silent, and the secretary told him that everyone else was in a meeting.He sat alone in the office, at a loss.I rushed to the door of the meeting room several times, trying to push the door open, but finally held back.

Wang Shi has said to the outside world more than once that he climbed mountains desperately in his early years to develop his hobbies. To some extent, he was forced to stay away from the office.I will not regard Vanke as my son, because Vanke is a work, and I am only one of the people who completed this work. There are many other teams and many people.So, if I have done my best and completed the task when I finished the work, even though I have feelings, I still have to leave.

Alienation from Vanke has made Wang Shi a public figure, and he is used to standing in the spotlight.When you're successful, you don't hear criticism, you don't hear the truth from the people around you. This is what I'm very worried about, so I embrace the Internet with all my strength, because it's a channel for honest advice.Wang Shi said.

Wang Shi’s time as Vanke’s hands-off shopkeeper ended in the Baowan dispute.In July 2015, Baoneng Group, which is also headquartered in Shenzhen, frequently raised its name for Vanke, setting off an eye-catching equity dispute in the capital market.In Wang Shi's view, barbarians will shake Vanke's culture, which is the last thing he can accept.

Wang Shi, who had vowed never to leave the mountain, terminated his overseas study tour ahead of schedule and raised the banner of defending Vanke.When the equity war was in full swing, in July 2016, Wang Shi stopped updating Weibo.Anything I said back then was over-interpreted.Wang Shi told the Caixin reporter that this would hurt Vanke, so it was shut down.Even in 2008, when his inadvertent remarks caused overwhelming abuse on the Internet, he never thought about giving up playing.

The dispute over Vanke's equity was conceived in the middle of 2015 and broke out at the end of the year.In the multi-act play that took a year and a half, various characters appeared in turn, multiple forces joined forces, and Vanke's stock price also fluctuated during the evolution of the plot. It can be called a classic case of Chinese companies' commercial wars.Behind this is the trend of leveraged mergers and acquisitions in China's capital market, which reflects various market arbitrage moves under the separate supervision of the financial industry.(See 2017 Caixin Weekly Issue 5 Vanke Chess Game: The Beginning of the End)

On June 21, 2017, Wang Shi's Vanke era came to an end, and Yu Liang, who had been the general manager for 16 years, took over the chairmanship of Vanke.According to the Caixin reporter, the background at that time was that Wang Shi thought that might be the most suitable time for him to hand over the post.

In January and June 2017, China Resources and Evergrande were forced out and transferred their equity holdings to Shenzhen Metro respectively, ending their feud with Vanke.Shenzhen Metro has become the largest shareholder of Vanke, holding 29.38% of the shares, which has reached the red line of tender offer.At this time, the market began to turn its attention to——Vanke A (000002.SZ), which has the characteristics of long-term equity dispersion, large state-owned shareholders who are Buddhists, professional managers in charge, flexible market-oriented mechanisms, and excellent operating performance.It was once a model for listed companies in China.After the shareholding war, local state-owned shareholders took the lead, and Vanke became a new sample of mixed-ownership reform. Where will the balance of corporate governance lean in the future?On this point, Wang Shi was probably not sure at the time.

At that time, there was no definite plan on how to dispose of the 25.40% equity held by Baoneng, the second largest shareholder.This is a heart disease of Vanke's management.Vanke has always insisted on Baoneng's acquisition funding problemFrom 2017 to 2018, the two sides are still fighting openly and secretly, and the situation is like fire and water.In recent months, under regulatory pressure, Baoneng finally withdrew from Vanke’s equity in the secondary market.Previously, Baoneng held a total of 2.804 billion shares of Vanke through Qianhai Life Insurance, Jushenghua and its nine asset management plans.According to the disclosure of the Hong Kong Stock Exchange, as of June 12, Baoneng’s shareholding in Vanke A has decreased by 496 million shares compared with the beginning of April, and its shareholding ratio has dropped from 25.4% to 20.9%.Among them, Jushenghua has liquidated five asset management plans, and another asset management plan has partially reduced its holdings, with a total reduction of 488 million shares.In addition, Qianhai Life Insurance has gradually reduced its holdings of Vanke since May 21.

Throughout the dispute over Vanke's equity, Vanke's management team engaged in complex games with shareholders such as Baoneng, China Resources, Evergrande, and even Anbang. Yu Liang always acted as a forward and led the team to communicate positively with all parties, while Wang Shi used his energy and channelsAnd influence running up and down.He once talked with Yao Zhenhua, the actual controller of Baoneng Group, and Xu Jiayin, chairman of Evergrande Group, and tried his best to repair the gap and seek dialogue with Fu Yuning, chairman of China Resources Group.There are many conflicts and twists and turns.

By the end of June 2017, the reelection of Vanke's board of directors, which had been delayed for a quarter, had to be implemented. Wang Shi proposed a retirement plan when other members of Vanke's management had no clear preparations.Now that a year has passed, Wang Shi briefly recalled to the Caixin reporter that he was not ready for retirement.But at that time, I decided to withdraw, so I withdrew.

In the year since he quit Vanke, Wang Shi gradually got used to drawing the necessary boundaries between himself and Vanke.For me personally, the battle of Baowan has come to an end.He told the Caixin reporter that its impact on Vanke should come at an appropriate time for the Vanke team.I won't say it now, and I won't say it for a long time in the future that I can foresee.

The third stage of life

For this unprepared retirement, Wang Shi, unwilling to be lonely, gave himself a two-year transition period.His friends were well aware of his personality and extended an olive branch to him—Wang Shi stepped down as chairman of Vanke, but served as co-chairman of BGI Group and Broad Group respectively.This year, the number of social organizations he was in charge of expanded from more than ten to more than forty.

On January 23, 2018, Wang Shi launched a New Year's Eve speech at the Water Cube in Beijing, with the theme of returning to the future. He claimed to have prepared this speech for 30 years.He later wrote on Weibo: Returning from a hundred battles, returning to the future from the source of civilization.I am still on my way.

Wang Shi told the Caixin reporter that the most important thing he wants to understand is that his life can be roughly divided into three stages: before founding Vanke, during the Vanke era, and after leaving Vanke.In the third stage of his life, he allocated his time like this: 30% for Yuanda, 30% for BGI, 30% for charity, and the remaining 10% for personal time.

Wang Shi said that he doesn't like to make a name for himself. He has clear practical work in Yuanda and Huada, and even in many social organizations.It's just that I'm used to being the soul of Vanke, and he needs to adapt to the transition from a leading role to a supporting role—in Yuanda and Huada, I'm just an assistant, and I know I'm not the leading role.The soul of Yuanda is Zhang Yue, and the soul of Huada is Wang Jian.

Wang Shi believes that in many years of non-profit organization activities, due to the rotation system of the person in charge, he has been able to move freely between the leading role and the supporting role.

However, due to the many social welfare affairs, Wang Shi, who pursues efficiency, does not seem to be able to play a supporting role as he said.He told the Caixin reporter that he was able to hold meetings of four different social organizations in the same hotel in one day, each for two hours, and even held meetings for lunch and dinner.

It's just that my secretary is working hard and needs to coordinate the meeting time of various foundations.Wang Shi joked that a person who works on aircraft dispatching might be more suitable to be my secretary.

Wang Shi still wants to have his own time.He is about to leave in autumn to study in Israel. The time is expected to be one year. The research topic is the migration history of the Hebrews in East Asia.He said that what attracted him most in Israel was precision agriculture, especially drip irrigation.And he had always had a dream - after the age of 70, to grow crops in the Gobi Desert.

This will be Wang Shi's third study tour.Wang Shi’s study tour plan started in 2011. His initial study tour plan was three years: one year at Harvard, one year at Cambridge, half a year in Israel, and half a year in Istanbul.But in the end, he studied at Harvard for two and a half years; at Cambridge for two years; after that, he changed his plan and moved to Oxford. He originally planned to study for one year, but after half a year, he hurried back to China due to the dispute over Vanke’s equity, and the study tour plan was interrupted.

I am a beneficiary of reform and opening up.In the second stage of life, I am a successful entrepreneur, and this stage is to get; in the third stage of life, I should give back, give and be grateful.Wang Shi said.

Restart

In November 2016, it was the most anxious moment for Vanke's equity dispute. At that time, Baoneng, the largest shareholder, did not back down;No retreat, no specific solutions.Vanke's management was unable to mediate the interests of all parties, so they could only hope that the Shenzhen Municipal Government would promote the restructuring of Shenzhen Metro. However, the soaring share price of Vanke caused the cost of asset restructuring to far exceed expectations, and the prospects were unpredictable.

Under the background at that time, Wang Shi once got emotional in a private occasion. He said that he had ignored Vanke's victory or defeat, and even chose to end in failure to become a tragic hero.Start a business again like Chu Shijian, that is the glory of Phoenix Nirvanabrilliant.He said.

Wang Shi regards Chu Shijian as the entrepreneur he respects the most—Chu was engaged in politics when he was young, and started business in the middle age. He fell from the peak on the eve of retirement and was imprisoned. At the age of 73, he made a comeback and spent ten years with his wife.Let Chu Cheng go from Yunnan Red to Beijing to create a new legend until he announces his retirement on his 90th birthday.

Referring to Chu Shijian and his wife, Wang Shi said that when a person is in the most difficult time, he does not look at his peak, but his resilience from peak to trough.

Wang Shi especially likes his entrepreneurial image in the 1980s, and he regards Vanke as his first work.Now, he is going to create a second work from his new starting point.

The brand name is initially determined as lsquo; Grand Canal rsquo;.Wang Shi told the Caixin reporter that canals often carry history and culture. In the future, on the one hand, he plans to gradually promote rowing to cities with canals, such as Yangzhou, Jiaxing, Suzhou and other places; on the other hand, he will invite ecological photographers to make it biggerCultural photography exhibition along the canal.In Wang Shi's view, there are more than 40 cities related to the canal in China, and more than 700 cities in the world, which are excellent carriers of the cultural and sports industries.

A person from Wang Shi’s team told Caixin reporter: Rowing and photography are only a small part of the Grand Canal’s brand.The direction of Wang Shi's re-starting business is: big health and big sports.The person said that it may be gradually included under this brand in the future.

When I was in Vanke, I did my best. At that time, I never thought about creating another brand.Wang Shi said, now that I have retired from Vanke, I am free from constraints. Of course, I can still be an entrepreneur and create another brand.

Wang Shi feels that, judging from the resources he owns, creating another brand is not starting from nothing.The only thing to change is the habit. In the past, I was used to being a hands-off shopkeeper; now I have to do it myself.Since I was able to give up doing it myself back then, it is easy to get it back now.

Wang Shi needs some time to start a business, so he decided not to shoot commercials.People from Wang Shi's team said that in the past 18 years, Wang Shi received two to three commercial advertisements every year and invested the advertising revenue in public welfare undertakings.He is a person who needs freedom very much, not only freedom of action, but also freedom of thought.The person said.

Wang Shi did not deny that he started his business this time because he needed to make money, and he wanted to combine creating profits with giving back to society.I want to say that I have no money, and everyone will not believe it, but the funds I can use are really not many.I do charity, I don’t want to always ask others to donate, I still want to do business by myself, and do charity while earning money.Wang Shi said.■

Video description: Wang Shi's study tour plan started in 2011.In 2015, Wang Shi majored in Judaism and Business Ethics at Pembroke College