"China's richest man" is not a low-key "Sany Group"

"China's richest man Liang Wengen" has been a popular search term on the Internet since September and October. When Liang Wengen was listed as the richest man in both Forbes and Hurun, when news of his political career came out, and when a wholly-owned subsidiary of Sany Heavy Industry was suspected of overseas tax avoidance, many media outlets were looking for this low-key and mysterious man, Liang Wengen. However, he remained in the background.

On October 18, the media pointed out that a wholly owned subsidiary of Sany Heavy Industry was suspected of overseas tax avoidance. In 2011, Liang Wengen, the richest man in China -- the actual controller of Sany Group, is known as the richest man in China. For the common people, it is the talk of the day: for Liang, it is meaningless.

"You can let the whole world know about Sany, but no one should know about Liang Wengen." That's what Liang Wengen, chairman, and founder of Sany Group, once told Xiang Wenbo, Sany's vice-president.

'China's richest man

When Liang Wengen became China's richest man and entered politics, no matter in the office building or the production plant, the whole Sany Group was very calm, not feeling any joy that the boss had become China's richest man. "It doesn't make any difference to us." Sany Heavy industry staff said.

A careful look at the official microblogs of Sany Group and Sany Heavy Industry reveals no news about Chairman Liang Wengen's becoming China's richest man or his political career. The staff said, because already familiar with Liang's low-key style, therefore, in this matter also low-key.

The request for an interview with Liang Wengen was mentioned by many media outlets, and Sany staff replied that it was "almost impossible". In recent years, Liang Wengen never accepts the media interview. The most recent interview with the media, in 2008, was also obtained through personal connections. "I've talked to him a few times before but they've all turned him down, always saying he'd be upset." Said the above personnel.

Sure enough, both Sany employees and everyone who knew Liang had only two words to say about him: low-key.

When meeting, a pen, and a few pieces of white paper is essential for Liang. Whether the speaker was a senior executive or just an employee, he would patiently take notes on a piece of paper without interrupting the speaker. If he has a decision by the end of the meeting, it will be announced. If not, he will judge through other meetings.

"To this day, I continue to work until 8 pm every day, and I ask our entire senior management team to do the same, to keep Sany the same execution and passion we had when we started." Liang Wengen said.

The not-so-low-key Trinity Group

Liang Wengen, the name for many people, may not be familiar, this is because of his low profile. For most people, however, Sany Group is no stranger. In contrast to its chairman Liang Wengen's "low-key" style, his Sany Group is not low-key.

Liang Wengen, the founder of Sany Group, became China's richest man for the first time on September 7 and 8, 2011, when he was listed at the top of the Hurun and Forbes China Rich lists. On the billionaire's list, seven executives were cut. For a time, the Sany Group was known as the "palace building factory".

Twenty-five years ago, Liang Wengen and his partner set up Lianyuan Maotang Welding Material Factory with 60,000 yuan cobbled together. Twenty-five years later, the once humble small factory has grown into the world's largest concrete machinery manufacturing base with an output value of more than 50 billion yuan and the "richest man in China".

Sany is regarded as a spoiler of the industry, but also an alternative in the industry. There is no "impossible" here. At the beginning of 2008, Sany had a development strategy of 100 billion yuan. The goal was to reach 100 billion yuan in revenue by 2012 and become one of the world's top 500 companies, which seemed a bit of a dream at that time. With Sany's sales revenue exceeding 50 billion yuan in 2010, it doesn't seem impossible.

Sany does not have the advantages of the old industrial base in Northeast China, does not have the policy priority of state-owned enterprises, and does not have abundant funds. Therefore, some people say that the success of Sany Group is a miracle of private enterprises.

The rise of the helm of private enterprises

In the "say, the world's longest boom pump truck offline news conference" scene, in the face of "in Changsha, how about this on the investigation to the Liang Wengen" questions, attending the mayor of Changsha city Lawrance indirect answer: "identity of any group beam total shift, now still in the phase of the investigation, you'd better find party affairs department for further understanding."

It is understood that Liang Wengen can become the object of investigation of high-level departments, in addition to his great contribution to Sany Group, but also because of his low profile and his political talent.

Liang Wengen's upcoming magnificent leap is not only a simple promotion of his achievement and honor but also represents the status change of the whole group of private entrepreneurs in China.

Industry observers say that although entrepreneurs such as Zhang Ruimin, CEO of Qingdao Haier, and Li Yizhong, chairman of Sinopec, have been in the top ranks of the central government for years, there is a background that cannot be ignored is that these enterprises are state-owned enterprises or central enterprises. As a private entrepreneur in Shanghai with a personal wealth of more than 35 billion yuan, Liang would be the first person in a private enterprise in China if he can be promoted smoothly.

Academics say the move is more symbolic than political.

Pu Xingzu, a professor at Fudan University's School of International Relations and Public Affairs, said: "Entering the core of state power as a private entrepreneur not only shows the ruling party's attitude towards the development of the private economy but also facilitates the expression of interests of private entrepreneurs."

However, Shi used three "no" words in a row in response to the news of "Liang Wengen entering politics": "Dong Liang will not give up the controlling stake of Sany Heavy Industry, will not leave the position of chairman, and Sany executives will not change accordingly."

Accordingly, Liang Wengen's promotion opportunity, the significance is extraordinary.

Sany executives' Buy low, sell high '?

On October 18, the media pointed out that a wholly owned subsidiary of Sany Heavy Industry was suspected of overseas tax avoidance. According to many heavy industries announced, has been accused of alleged overseas tax trinity Juki company for previous investment co., LTD. (hereinafter referred to as the "trinity Juki investment") registered in the British virgin islands, the registered capital is only $50000, the subordinate subsidiary has a trinity Juki (China) co., LTD. (virgin) (hereinafter referred to as the "trinity" juki China), the two companies are holding company, It has no actual production and operation business.

At that time, Liang Wengen only contributed 28,91 dollars, and other natural persons contributed as little as a few hundred dollars to 4,410 dollars.

A Sany official said yesterday that executives at the company are aware of the media's concerns about corporate and individual income tax avoidance by overseas companies, but have not officially responded. However, Liang Wengen and the other 10 natural persons due to holding "Sany heavy machinery investment" has been rich.

In 2010, the overall valuation of Sany Juki reached nearly 2 billion yuan. As a result, some people questioned whether Sany and its executives had "bought low and sold high" excavator assets.

But any heavy industry has also responded, trinity juki in 2001 and 2002, the existing technical level, industry chain construction, marketing service system and areas such as financial problems, prospects have uncertainties, at a time when many if the listed company to integrate excavator industry need to invest a lot of money, so I decided to sell assets.

Editor:

Whether "Liang Wengen is in politics" or "Sany Group is suspected of overseas tax avoidance", many media have called: now he may need to face the public again and explain whether he has achieved high evasion of corporate income tax and individual income tax through an overseas registered company. However, the final progress of the situation, or can not stop Liang Wengen's "low-key" pace. Unlike many private company leaders who seek high visibility, Liang focused all his energy on the economic development of Sany. That may be why Sany continues to grow.

Perhaps what matters is not wealth, but how to make Sany international and become a Fortune 500 company. This is for the continuous miracle of Sany Group, for Liang Wengen, perhaps worth looking forward to.