Bao Yugang, originally named Bao Qiran, was a native of Hai Zhongbao village, Ningbo county, Zhejiang Province. He was in charge of the insurance department of Central Trust of China, but soon got shifted to the the assistant manager of Hengyang branch of the Industrial Bank of China when he turned 24 years old. And later, he was promoted to the position of the bank manager. Since he arrived in Hongkong in 1949, he has built up a huge transnational shipping empire in merely 20 years, ranking the No.1 among the top 10 shipping enterprises.