Bao Yuxing
Bao Yuxing (1920–2005) was a prominent entrepreneur in Hong Kong and Singapore, best known in the shipping industry and dubbed "the First Pioneer of Shipbuilding Cooperation Between Hong Kong and Mainland China".[1] He hailed from Zhongbao Village, Zhuangshi Town, Zhenhai District, Ningbo, Zhejiang Province.[2] He was the 29th-generation descendant of Song dynasty scholar-official Bao Zheng. His father was the noted businessman Bao Zhaolong; his elder brother was entrepreneur Bao Yushu; and his younger brother was the famed "Ship King", Bao Yugang.
Biography
Bao Yuxing attended Yishi Zhongxing School in Ningbo, founded by late Qing industrialist Ye Chengzhong. His family later moved to Shanghai, where he studied economics and management at Hujiang University. After graduating, he worked as a clerk at Siming Bank and held positions at Xinli Import & Export Company and others.
In 1956, he relocated to Hong Kong and joined his younger brother’s World-Wide Shipping Company, serving in the Tokyo office. Later he moved to Singapore and founded United Success Shipping Company, serving as its chairman. He subsequently headquartered the business in Hong Kong with branches worldwide.
Shortly after China’s reform and opening in 1980, his company placed one of the earliest overseas shipbuilding orders with Dalian Shipyard for two 27,000‑ton cargo vessels, one named “Great Wall”. In the early 1980s he and his brother jointly invested USD 100 million to build bulk carriers, drawing international attention. He also advised Chinese leaders on developing the nation’s shipbuilding and shipping sectors. In 1984, he returned to Ningbo to co‑found Ningbo Huagang Company, pioneering hovercraft passenger services in China.
Bao Yuxing served as Honorary President of the Hong Kong Ningbo Association and Honorary Advisor to the Hong Kong Shanghai General Chamber of Commerce. He passed away in Hong Kong’s Hong Kong Adventist Hospital in 2005 at age 85. After his death, rumors of a family inheritance dispute arose.
Family
- Ancestor: Bao Zheng
- Father: Bao Zhaolong[3]
- Elder brother: Bao Yushu
- Younger brother: Bao Yugang
- Eldest son: Bao Lungguo, who faced an inheritance claim by HSBC after his father’s death[4]
- Second son: Bao Jingguo, Asia Pacific director at Wheelock & Company[4]
- Third son: Bao Weiguo, a renowned calligrapher[4]
References
- ↑ http://news.sina.com.hk/news/3/1/1/2073420/1.html
- ↑ https://zh.wikipedia.org/wiki/%E5%8C%85%E7%8E%89%E6%98%9F#cite_ref-%E4%B8%8A%E6%B5%B7%E5%8C%85%E7%8E%89%E6%98%9F_2-0
- ↑ Obituary of Bao Zhaolong. Overseas Chinese Daily. 1982-11-15. p. 1, col. 2.
- ↑ 4.0 4.1 4.2 http://news.ifeng.com/hongkong/detail_2011_04/13/5710649_0.shtml