Gan Yongkai, the son of Gan Qinglin, an old official of Changhe Department, is only in his early 30s. He has made a breakthrough by investing in Japanese hotels against the market. It can be said that he is young and promising.
As a young man, it seems a bit against the trend to abandon the new economy and choose the old one, but he is loyal to the entrepreneurial principle of "Finding certainty in uncertainties".
Gan Yongkai does not deny that his investment philosophy is somewhat influenced by his father. His role in his entrepreneurial journey is like a "mirror", and he will always give his opinions without modification.
His father is a busy executive. He has taken Gan Yongkai to different business meetings since he was a child. He will appear at the real estate sales site together on many weekends. His father is busy with work, and he is "eating char siu rice" by the side. Now it is a funny story On the one hand, the seeds of business have long been sown.
Gan Qinglin used to be an executive of Johnson & Johnson. He joined the Changjiang Group in the early 1990s and is a famous "emperor of migrant workers" in the city.
﹙Respondent provides photo﹚
Those who are familiar with the trends in Hong Kong's business world are certainly no strangers to Gan Qinglin.
He used to be a senior executive of Johnson & Johnson. He joined the Cheung Kong Group in the early 1990s and became the right-hand man of the richest man Li Ka-shing. Many big Diao has his shadow, such as the spin-off of Cheung Kong Infrastructure, the acquisition of the Australian energy company DUET, and the management of Asia's largest energy company. Beijing Oriental Plaza, one of the commercial buildings.
As the saying goes "a tiger father has no dog son", this sentence falls on Gan Yongkai. It is no exaggeration. There is no lack of father's influence in studying and starting a business.
Kam Wing-kai was selected as Citi Asia Pacific Financial Model Mentor for two consecutive years (file photo)
Investment banks learn the attitude of not giving up
Yongkai Kam graduated from the Marshall School of Business at the University of Southern California, where he chose to major in Finance and Marketing.
After studying in the United States and returning to Hong Kong, he joined the investment banking department of Citibank, focusing on the real estate and gaming industries in Hong Kong, and immersed in corporate finance and capital market projects (including initial public offerings, bond issuance and mergers and acquisitions). Kerry Logistics (0636) ) listing is his first masterpiece after entering the industry.
The investment banking world is full of talents. Yongkai Gan has been selected as Citi Asia Pacific Financial Model Mentor for two consecutive years.
He shared that what he learned while working at Citi was a never-give-up work attitude, and the most important thing was whether he was able to put in his work, or whether he could make sacrifices for his work, try his best, and if he fails in the end” that's fine", "try very very best and everything you can" in the process is the most important.
Gan Yongkai admitted that he regards work as a hobby, emphasizing that it is "work as a hobby" rather than "workaholic", and joked that he can't take too long a vacation, one week is enough, otherwise he will feel bored.
Gan Yongkai joined Citi through the internship program. He recalled that there were 40 people who participated in the internship at the beginning, but in the end, Citi only selected 8 people to stay, and he was one of them, relying on his diligent work attitude.
"In my first year at Citi, I only slept three to four hours a day for work. Fortunately, I got used to this sleep-less life during college," said Gan Yongkai with a smile.
CKH Holdings attaches great importance to corporate governance, emphasizing "development without forgetting stability".
(file picture)
When I was a child, I loved analyzing things. My father was the leader.
Although both father and son are currently involved in the real estate industry, unlike his father who chose to work for others, Gan Yongkai chose to start his own business. He explained that this may be because he can often observe places that others may not be able to observe, and his ability to organize and analyze information At his wedding last year, he especially found and shared the business plan his son wrote for a hotel in Beijing when he was 12 years old.
Gan Yongkai said gratefully that his father trained him in strategic thinking since he was a child, and let him learn and fall in love with analyzing things and thinking about problems from a different perspective from other children of the same age.
For example, other children of the same age will pay attention to the toys of Happy Meal in the McDonald's restaurant. When he is young, he will think about why the customers in the restaurant line up in a straight line instead of other ways such as "snake cake"; Another example is a fast-food restaurant or coffee shop of the same brand. Why do they open more than one branch in the same area? Is there a problem of stealing their own business?
These "problems" paved the way for him to become a businessman, and Gan Yongkai thinks that his father's role in his entrepreneurial journey is like a "mirror". If there is anything that is good or bad, his father will unadorned it. Tell him directly, be a leader.
Gan Yongkai said that what he admired most or felt most like his father was his "never give up" attitude.
(Photo by Liang Pengwei)
Father uses football as a metaphor to teach attitude
For what Gan Yongkai admires the most or feels most like his father, he feels that it is the attitude of "never give up". His father often shares an analogy with him. Just like playing football, you must first try to bring the football from the backcourt to the frontcourt, and then To avoid the goalkeeper and try to kick the ball into the goal, whether the ball can be successfully kicked into the goal ultimately depends on 1% of luck.
In addition to the attitude of life, the investment attitude also sees the shadow of Gan's father.
On the business card of AB Capital he founded, Gan Yongkai printed his investment philosophy "Finding certainty in uncertainties", saying "conservative but aggressive", that is, before deciding whether to invest, in addition to considering the bright returns (decent returns), he should also Ensure that the project is safe (Safe), "My father likes infrastructure and projects with fixed cash flow, so I like interest-bearing assets."
Kam Yongkai said that there is no 100% certainty in this world. For example, 10 years ago, no one would have predicted the Russian-Ukrainian war and the new crown pneumonia. "our job is to find things that are 95% certain" (our job is to find things that are 95% certain. certainty).
He began searching for this "hidden gem" (hidden gem) in 2020, and eventually found the Japanese hotel that was most affected by the epidemic at the time, while meeting the two conditions of safety and return.
"For me, the most important thing is not how much you win, how much you earn, but the most important thing is risk control. My return is already very high. For example, other people may choose triple return, but high-risk projects. But I would rather To double the return now, but low-risk projects.”
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