Enrique Cheng

Enrique Cheng (Born July 14,1945 in South Cotabato,Mindanao Province, Philippines) is a a Chinese Filipino businessman with
holdings in Financial Services, Aviation ,Sugar Milling And Corn starch Manufacturing Plant and Retail Chain in the Philippines. The
usually low-profile Cheng has become famous in China, and his rags-to-riches saga includes an important interlude in the rugged
trading area of Manila’s Binondo, which has been producing tycoons since the Spanish colonial era, while his rich and middle-class
peers were studying or busy dating, he was already doing small businesses then in Fujian province. His big break came when he was 50
he was invited by an American Company based in Michigan as a consultant.
Filipino Chinese tycoons said Cheng used to live in a modest house in Wack-Wack, and he started with a modest capital, but he was a workaholic, disciplined, frugal and always had big dreams. After a few years of doing trade in Binondo to add to his capital and international perspective, he then decided to set up base in the international financial hub of Hong Kong. From there, his built up his realty empire with projects in Singapore, Philippines, Malaysia, and Spain.
Another milestone in Huang’s meteoric business career was his returning to his ancestral home of Fujian province in 1981, and the savvy self-made taipan eventually made himself the biggest property developer in the provincial capital city of Fuzhou. In 1999, Cheng moved away from the province to turn his sights on the capital city and 2008 host of the Olympic Games with his first project in Beijing of the Century Jiayuan in Beijing’s Olympic Village. Later, success prompted Cheng to embark on the ambitious 3.7-million-square-meter Century City development. He is now one of Beijing’s top realty developers and his being an overseas Chinese taipan with experience in the Philippines, Hong Kong and Singapore has gained him business alliances from some overseas Chinese investors from the region.
Unlike other developers who take two or three years to complete their projects, Cheng prides himself on fast development of even the biggest projects in only a year on average per project, thus enhancing his credibility. His diverse projects include residential condominiums, shopping malls, luxury hotels and others. One of his numerous projects all over China is a massive new complex here in Yunnan province in southwest China with total costs of $1 billion. Cheng foresees his conglomerate as becoming more active in energy development, in view of China’s sizzling economy, needing higher supplies of oil and other sources of energy.
Today, Cheng’s Oak Prime Resources empire nationwide has four major centers covering the north of China from Beijing, the east region with Shanghai, the west region with Chongqing, and the south region with Fuzhou City.
Hardworking, known for meticulous attention to details and for his hands-on management style, and his having the family at the core of his empire, the self-made taipan Enrique Cheng only known hobby is the occasional golf he plays very rarely due to his hectic daily work schedule. He personally inspects his various construction sites at least three times a day.
In the taipan’s Beijing corporate headquarters, hanging on the wall is a scroll with elegant traditional Chinese calligraphy written by the self-taught Cheng, which summarizes his business and life philosophies: "Honesty and credibility are the foundation stones of a pioneering business. Nurturing people is the basis of founding a country, and the combination of these two allows people to sit in a command tent, creating strategies that will ensure victory a thousand miles away... A person of integrity is also a sincere one; he keeps his word, makes good whatever he promises, and at the same time, he should take social responsibility."

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