H ui Wing Mau is a Chinese-Australian self-made real estate billionaire who is the founder and chairman of Shimao Group Holdings, a major Chinese property developer. Born in Fujian province, he worked as a doctor before moving to Hong Kong and then Australia, where he made his first fortune investing in real estate and the stock market. He then returned to mainland China in the 1990s to capitalize on the country's massive real estate boom.
He founded Shimao and built it into one of China's largest and most successful property developers, with a large and diversified portfolio of residential, commercial, and hotel properties across the country. The company is known for its high-end projects, including several iconic skyscrapers. However, like many Chinese developers, his company has faced severe financial distress and a debt crisis in recent years amid a major downturn in the Chinese property market. Despite these immense challenges, the wealth he accumulated during the boom years remains substantial.
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Hui Wing Mau (also known as Xu Rongmao) is a Chinese-Australian businessman, the self-made billionaire Founder and Chairman of Shimao Group (HKSE: 0813), a major property developer and conglomerate. Born in Fujian, China, in 1950, his early life was marked by the Cultural Revolution, during which he was sent to the countryside to work as a barefoot doctor.
Hui later emigrated to Hong Kong in the 1970s, where he worked as a textile worker. His entrepreneurial breakthrough came with shrewd investment in stock trades, which provided the capital for his audacious move into real estate. His strategic genius was his ability to recognize and take advantage of the massive urbanization and commercial property booms in China.
Hui Wing Mau's strategic pivot to real estate began in 1988 when he invested in a knitting factory but quickly built a hotel instead, opening the first private three-star hotel in China. Recognizing the massive potential, he expanded aggressively into developing residential complexes and resorts in Fujian, later moving his focus to major cities like Beijing and Shanghai in the 1990s.
The Shimao Group successfully executed its IPO on the Hong Kong Stock Exchange (HKSE) in 2006. Under his leadership, Shimao became one of China's most important property developers, known for its high-quality, large-scale projects. He also diversified the family's interests into real estate management, property services, and hospitality. His wealth is tied to the long-term, massive appreciation of Chinese urban real estate and his skill in securing prime development plots.
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Works as a textile worker in Hong Kong (Early Career).
Invests in a knitting factory, but builds the first private three-star hotel in China instead (Pivotal Event).
Expands real estate business into Beijing and Shanghai (Strategic Growth).
Shimao Property executes its successful IPO on the HKSE (Financial Milestone).
Continues as Founder and Chairman, guiding the global property empire (Executive Oversight).
Hui Wing Mau's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded property giant, Shimao Group (HKSE: 0813).
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Hui Wing Mau's social impact is structural, stemming from Shimao Group's role in providing essential housing and commercial infrastructure for China's massive urban population. The company provides thousands of stable jobs in construction, real estate, and hospitality.
His personal philanthropy supports various educational and community initiatives. His career is a testament to the profitability of disciplined real estate development, strategic acquisition, and successful navigation of the political and regulatory landscape in China.
Hui Wing Mau maintains the highly professional, composed style of a Chinese property magnate. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic reflects serious authority and stability, befitting a multi-billionaire commanding a massive real estate empire.
Residing in Hong Kong (and Australia), his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to real estate development, strategic investment, and the long-term, stable growth of his essential property and hospitality empire.
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-0.03% | -$0.91M
+0.07% | +$4.00M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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