Pan Sutong, 53, was born in Shaoguan, Guangdong. He lived with his grandmother when he was a child until she died of cancer at the age of 13. From 65438 to 0976, he was sent to California by his family and raised by his stepgrandmother. Later, he dropped out of the middle school there and returned to China to become a driver in the1980s, driving for an official of Shaoguan Organization Department.

He doesn't trust being a driver. Like many Cantonese people of that era, he started to do business-import a large number of parts from abroad, assemble them in China, and then sell them in the form of international brands. It was not until 1993 that Pan Sutong set up his first company in Hong Kong, Songri Group, with a loan, mainly producing color TV sets and stereos.

Songri Electric successfully produced MN3720 karaoke TV monitors, which once occupied 90% of the whole China market. Pan Sutong, who succeeded for the first time, also played a very fashionable football at that time. He founded Songri Football Club, but this team went through several demotions in the following six years, and was finally dissolved after relegation to the second division in 2000.

The failure of football did not affect the rich man's success in business. In 2002, Pan Sutong entered the Hong Kong stock market for the first time, acquired Emperor Science and Technology Information Co., Ltd. and changed its name to Songri Communication Holdings Co., Ltd. The company was subsequently renamed Yin Gao Real Estate in June 2008 +065438+ 10. At the end of the same year, Pan Sutong also launched the acquisition of Guangyi International, another Hong Kong-listed company. Guangyi International is the predecessor of Yin Gao Finance (Group) Co., Ltd. ..