For someone who claims to be the leader of one of the most ambitious of the twenty-first century infrastructure projects, Wang Jing is notoriously reluctant to advertising. He insists that he is just a normal "billionaire" and he has revealed few details about his career and the first years of his life.
From June 15, 2013 - when it captured the attention of the world thanks to the announcement of the Nicaraguan President and Daniel Ortega exrevolucionario of its plan to build a navigable canal through Nicaragua - this inverter based in Hong Kong has faced persistent questions--mostly without response-about his career and the feasibility of the project.
Wang channel would measure 273 kilometers and would split in two the second poorest country in the Western hemisphere. Cost initial, $40,000 million (now already spoken $50,000 million), approximately equivalent to five times the annual GDP of Nicaragua. The work would displace tens of thousands of Nicaraguans, it would require a dredging operation unprecedented in the Lake Nicaragua and put hundreds of hectares of land in the hands of the company of Wang, the Hong Kong Nicaragua Development Corporation (HKND), as part of the concession.
While the Nicaraguan Government has recognized the potentially disastrous ecological impacts of the project of the channel, has granted an environmental permit of construction to HKND, but problems continue.
It is estimated that the recent crash of the China stock market wiped out 85% of the personal fortune of Wang, according to the index of billionaires for Bloomberg, which continues the heritage of the 400 richest people in the world. Wang is no longer among them.
Even before the crash, the international media posed with scepticism the idea that this enigmatic figure could partially finance and run in its entirety a Nicaragua dream that dates back centuries: the plan of Wang Jing is 72. ° proposal since that idea occurred to the Spanish conquistadors in the 16th century. The project languished after the U.S. completed its rival canal through Panama in 1914.
China
The personal fortune of Wang Jing seems to come from your Xinwei Telecom company and its ties with the Chinese army.
Wang does not give the impression of being a possible progenitor for this project. Your resume was solid in military communications, but its engineering expertise was notoriously scarce when it registered HKND in the Cayman Islands, just a few months before appearing with Ortega for the first time. Wang said he got the idea of the channel a year before its announcement.
Denies having strong links with the Chinese Government or its support, but his fortune increased almost as fast as its fall: went from an average prosperity swelling the ranks of billionaires. Its rise was due to the impressive improvement of its main resource: a relatively unknown and largely local telecommunications company called Xinwei. A more intense look at commercial interests and military connections suggests that there is perhaps more than the rise of this normal "billionaire" in which he admits.
It all began modestly, according to the few details provided by Wang Jing in the few interviews that gave. Wang said Matthew Miller, Reuters, that his father was a clerk and died in 2010, who lives with his mother and has a daughter. Says, was born in December 1972 and studied at the University of traditional Chinese medicine of Jiangxi, but abandoned studies to devote himself to business. At the end of the 1990s he traveled to Hong Kong to "learn about finance and international investment" and returned to Beijing in 1998 to found Dingfu Investment Consulting Co, and then, in 2001, Hong Kong Divine (Dingfu) Investment Group Ltd. He was then involved in the mining of gold and precious stones in Cambodia and opened a small construction company in Beijing.
Until then, it's a bit notable and rather vague story.
The relationship between Wang Xinwei began at a time when bleak for that company. Beijing Xinwei was founded in 1995 as a joint venture between the Chinese Academy of telecommunications technology and Cwill Telecommunications, an American company founded by the former President of Beijing Xinwei, Chen Wei. It was desirous to develop native Chinese telecommunication technologies to challenge the Western domain, but for 2009, when Wang took over, Xinwei had great difficulty
