Pan Siyuan, The Biggest Self-Employed Man In Shanghai

On a Monday in mid April, the sun is shining at noon.

A silver gray Mercedes Benz S350 stopped at the Siyuan commercial building near Tibet road and Fengyang road.

A more than 50 year old man came down from the car. He was not tall. He wore an ordinary jacket with a bag of papers in his hand.

Few people know that this is the owner of the building, Pan Siyuan, chairman of Pan Pacific Group.

Few people know that the richest figure in the past more than 10 years has been almost single handedly invested in commercial real estate, hotels, cultural relics, steel and print media in San Francisco, China, Taipei, Hongkong, Shanghai and Xi'an, and has accumulated net assets of about 10000000000 yuan.

At noon this afternoon, Pan Siyuan and his correspondent ate lunch at a small restaurant near the mall.

Just at that weekend, Pan Siyuan will accompany Lian Zhan and his wife to Hangzhou's agate temple.

This is an ancient temple on the edge of West Lake, Hangzhou, which was destroyed during the cultural revolution. The local government has decided to renovate it into Lien Heng (grandson of Lien Chan).

Lian Zhan and his wife invited friends and Buddhists Pan Siyuan to help them.

Many years ago, Pan Siyuan served as the Acting Secretary of state of the United States of America in California.

Since then, Pan Siyuan has been wandering between temples and rivers and lakes.

His friends, officials, reporters, businessmen, peasants, Qigong masters, also have university professors, curators of cultural relics museum and occasional workers.

Because of his early journalism career and his experience of learning Buddhism after the age of 40, the rich businessman was full of good intentions for all the people.

"The largest self-employed person in Shanghai"

Taiwan's "ship breaking king" Pan Xiaorui's eldest son, the world's first collector of ancient books, Shanghai modern history experts, Taiwan magazine King...

These keywords are concentrated on one person, enough to illustrate Pan Siyuan's romance.

However, Pan Siyuan said that when interviewed by financial newspapers, they should only talk about business.

Pan Siyuan's commercial operation is almost entirely a subversion of modern enterprises and modern business theory: investing billions of yuan to build Siyuan commercial building, pan Pacific Mansion and Pan Pacific Vancouver Hotel in the prime section of downtown Shanghai, insisting that there is no need for a loan.

For several years, his company in Shanghai, including drivers, has only 15 people.

He once proudly told reporters: "I may be the largest self-employed person in Shanghai."

His business model is not "boasting".

Looking at the mainland's total assets of tens of billions of enterprises, a large number of net assets can be achieved about 10000000000 yuan, in Hu Run's 2006 rich list is also only 10 people.

But Pan Siyuan did not disclose the amount of specific wealth.

"People are afraid of being famous, and trees attract the wind," he said. "My half hundred old people only wanted to be steady.

"

As for Pan Siyuan's 15 person company, it is more like a combat detachment than a modern business organization.

"To change a state-owned enterprise, the same business needs at least 150 people."

Pan Siyuan emphasized that his way of sending troops was "refined soldier doctrine".

Even the driver who followed him for many years will now help him bargain when he buys antiques.

In addition, he subcontracted the major businesses of engineering, design, supervision, decoration and investment to the best professional companies.

"Developers earn value added, so that professional companies earn professional money."

Pan Siyuan said he mainly grabbed one: cash purchase.

Even 200 thousand yuan newspaper ads, he has to pro business staff.

But according to the reporter's observation, Pan Siyuan carved his three big commercial buildings like a sculptor.

This year's Taiwan University of Political Science Bachelor of journalism, Columbia University Graduate School of journalism, University of San Francisco MBA graduates, through self study and mastery of architectural principles, design and tax law, amateur is also a part-time professor of modern history of several Mainland University history school, just in response to the Chinese "able to work hard" this old saying, to himself and the company for him to work hard enough.

The Pan Pacific Vancouver Hotel is about to build 11 meters, the Baroque hall, and the deepest 25.2 meter 6 storey basement in Shanghai and China.

All elevator locations of Siyuan commercial building are also determined after modification and modification of the original design drawings.

The three dimensional parking tower of Siyuan commercial building is first used in China for reference from the experience of the United States.

Pan Siyuan showed his design drawings and results to reporters: "if the car passes through the upper and lower passages to the basement, it means that half of the space in the underground stores will be removed."

Although he was so busy with several commercial buildings, he occasionally sighed: "now every day, we are engaged in cement and elevators here. It is really a sad experience for people of literature and history."

Pan style investment theory

A few days ago, the industrial and commercial times in Taiwan gave a full page report to the mysterious rich to buy the American traditional version of the National Geographic magazine. For this reason, he interviewed Pan Siyuan's younger brother Pan Siliang, Taiwan Regent Hotel director, brother-in-law Lee Kong Wen, Datian precision chairman, and father Pan Xiaorui.

But his father seems to be very dissatisfied with his enthusiasm for investing in the media, and he is not polite to point out that his career pattern is getting smaller and smaller.

"They interviewed everyone, but they just couldn't find me."

When Pan Siyuan said this, he looked like a naughty boy who had won a game of hide and seek.

Then, without asking reporters questions, pan Siyuan, a journalist, responded very quickly, saying, "everyone has different ways of doing things.

The FOCUS of my work is really different from that of people.

He counted the accounts for journalists: using bank loans can really speed up the rolling of funds, but if the interest rate is 6.5% per month.

The loan is 100 million yuan. If the annual profit is 10%, it means that more than 70% of the profits will be paid to the bank. In addition, the tax will be paid, while the lender will bear the risk of 100%.

"Why do I work for banks every day?"

He also said that during his 30 years of graduation, he had experienced the financial crisis and saw the ups and downs of the world economy. "Seeing the richest man in one fell swamp, seeing people building tall buildings, seeing the collapse of people's buildings."

Therefore, the way that other people seem to be "conservative" now is adopted, not lending and sole proprietorship.

"I am doing business, not doing business."

He added, "many of the so-called total assets of tens of billions of dollars, may be the market value of the stock market, may include a large number of bank loans, I believe is net assets and stable cash income."

Of course, Pan Siyuan also summed up his experience: the investment vision is very important, and "it should be launched."

In addition, he insisted that he should only make commercial real estate and only rent it for sale.

Pan Siyuan used to buy land at the intersection of Tibet road and Fengyang road. Now the value added is amazing.

Although he has not disclosed the value added of the land price over the past few years, the recent sale of the nearby Jinchang building can be seen in a glance.

According to media reports, in March of this year, the Jinchang building separated from the only one street of Siyuan commercial building was priced at 1 billion 753 million yuan by 3383.HK.

In 2002, the developer Jinchang real estate group only won the plot with the total land price of 350 million yuan.

Before changing hands, the Jinchang building just came out of the positive and negative line, deducting the cost of civil construction 100 million yuan, and the land price actually increased by more than 3.7 times.

Siyuan commercial building is adjacent to the 100th shopping center of the first shop of Nanjing East Road, facing the New World Shopping Center.

Pan Siyuan disclosed that, because of the golden section, the merchants who had recently settled in the talks were "more than the same river", including several listed companies. He said that the mood is like having a good girl at home.

The pan Pacific Mansion, located at the junction of Beijing West Road and Xikang Road, was completed in 2003.

At that time, the Asian economy just recovered from the financial turmoil. Pan Siyuan judged that the rent of Shanghai was still on the rise stage, and it had invested about 20000000 yuan to restructure and decorate the entire commercial building.

Now the building area has increased and the rent has nearly doubled.

However, after Siyuan mansion house merchants settled in, Pan Siyuan said he wanted a loan.

"Do you know why?"

The "reckless" rich man blinked and said he wanted to test the financial knowledge of reporters, and then explained that this is because after the rental income, every year we have to pay taxes, while the interest on bank loans can be deducted from tax and the effective monthly interest rate will turn to 6.5%.

X 0.67% (enterprise income tax is 33%), only 4.36%.