Xu Rongmao, male, Han nationality, is a native of Shishi, Fujian Province. He was born in 1951 and received an MBA.
Xu Rongmao moved to Hong Kong in the late 1970s. He began his career as a common worker. Later, he entered the securities industry, where he became extremely successful.
In the mid 1980s, Xu Rongmao invested his funds to textile and garment sectors and established mills in Hong Kong and the mainland. In 1989, Xu Rongmao started to invest in the real estate business in his hometown in Fujian.
Later, in 1994 when Beijing suffered from low tide of real estate development, he carried out several large-scale construction projects. In 2000 when Beijing real estate was booming he opted to invest in Shanghai.