In early 2005, with his unique business vision and the social connections accumulated at the German-Chinese company, Jianxin Real Estate Company borrowed 100 million from banks and invested 80 million of its own funds to start developing properties. Between 2005 and 2007, they successively launched seven properties including Dingsheng, Wangchao, Hanmiao, and Longwei, all of which were hugely successful. Chen Siwei officially entered the billionaire ranks.
Just when people thought Chen Siwei would continue developing properties and making money, he made another surprising move by selling the booming Jianxin Real Estate Group and its four ongoing property developments to a Hong Kong businessman for 1.57 billion yuan. After extracting a large amount of cash, he once again organized personnel to establish a new materials research institute and began round-the-clock research.
However, as the saying goes, good things are hard to come by. Over three years, more than ten projects with an investment of 1.79 billion yuan once again hit a bottleneck with no output, and all research projects were simultaneously suspended. Chen Siwei’s desperate decision pushed him to the brink.
On April 14, 2010, Chen Siwei reinvested the 70 million yuan he had scraped together and his remaining 1.3 billion yuan, totaling 2 billion yuan, into research, prompting the suspended research projects to restart.
On July 9, 2011, one of the research projects involving waste construction material decomposition and reuse, after investing over 2 billion yuan, finally succeeded. However, Chen Siwei did not seek a partner to commercialize it, but instead transferred it to the state for 300 million yuan.
From July 9, 2011, those dozen research projects that had consumed almost all of Chen Siwei’s efforts began to progress rapidly. By September 23, 2014, all these projects had finally succeeded.
However, Chen Siwei once again surprised those following him. After all projects were successfully researched, he transferred these dozen projects to the state for just one yuan. He then disappeared with his wife and children, only returning to Taiyuan, Shanxi before the 2019 Spring Festival.
According to later reports, Chen Siwei did not voluntarily leave his homeland, but because the technologies he researched were world-class new technologies. To ensure Chen Siwei and the research results’ safety, the state invested significant human and material resources to relocate his entire family, keeping them safe for five years.
During these five years, the research results provided by Chen Siwei were optimized and improved by top national scientists but were only used for interstate negotiations, technology transfers, and military applications.
