Born on June 13, 1960 in Huzhou, Zhejiang, with a junior high school education.
In the late 1980s, he made his first fortune in the clothing trade on the Sino-Russian border and was worth tens of millions.
In the mid-1990s, it transformed into an industrial beer project. In Fangshan District, Beijing, Beijing Yanshan Walson Group was registered and established, opened Walson Brewery, and prepared to build Walson Beer City.
In 1995, it once again shifted its focus and entered the real estate industry.
On November 8, 1996, he registered his marriage (second marriage) with Guan Ying, a beauty 11 years younger than him. At the same time, Watson Group contracted a small building in Yuetan North Street, Xicheng District, Beijing, with a contract fee of 5.5 million yuan per year. Next, Xie Genrong transformed this small building into a three-star Walson Hotel, spending a total of 60 million yuan on construction costs and entertainment expenses alone. In addition, Xie Genrong has three private residences: two properties in the Guanyuan area of ??Xicheng District, with a current price of more than 3 million yuan; and one property at No. 6 Gongyuan, located in Jianguomen, with a current price of 10 million yuan. . Please note that this price is from 10 years ago. At the end of 1999, the turning point of fate was "Donghua Golden Block" (the name of an investment project). "Donghua Golden Tower" is located on the south side of Liangguang Road in Xuanwu District, Beijing. The project was approved in 1998 and was initially developed by Beijing Xuanwu District Real Estate Development Company (hereinafter referred to as Xuankai Company). The planned total construction area of ??Donghua Golden Tower is 97,044.76 square meters. Xuankai Company paid a land price of more than 45 million yuan. However, Xuukai Company had already invested a large amount of money in the renovation of dilapidated buildings in Xuanwu District and was under great pressure. In desperation, at the end of 1999, the company announced a public transfer of the project.
On May 24, 2000, Beijing Zhongding Real Estate Development Co., Ltd. (hereinafter referred to as Zhongding Company) acquired the project and had to pay a project transfer fee of more than 320 million yuan. Xie Genrong took the initiative to find Zhongding Company, hoping to acquire the project from Zhongding Company.
In September 2000 [the starting point of the end], Zhongding Company signed an agreement with Xie Genrong to transfer the development and sales rights of the Donghua Golden Tower project together with the equity of Zhongding Company for a price of 120 million yuan. to Xie Genrong’s company, and the transfer fee of 320 million yuan will continue to be paid by Xie Genrong’s company. Subsequently, Zhongding Company became a subsidiary of Beijing Yanshan Huerson Industrial Group, and the legal representative of the group was Xie Genrong
At the end of 2002, Yan Linzhuang, the president of a branch of China Construction Bank, and Zhao Feng, the vice president, relied on their experience , discovered that Watson Group was defrauding loans, and approached Xie Genrong to negotiate for this. Xie Genrong first provided the bank with false corporate financial statements and other materials, and then led Yan Linzhuang and others to visit the "Genrong Exhibition Hall" specially used to store two pieces of "jade clothes." Xie Genrong pointed to a piece of "Jade Clothes with Golden Threads" and said to Yan Linzhuang: "There are only two pieces in the world. Experts have appraised them and the market value is 2.4 billion. It is here, and I can still rely on you for just a few hundred million." "Repay? The group just has temporary cash flow difficulties. As long as we work together, there will be no problem in paying off the loan." After that, Xie Genrong presented the appraisal report signed by five top domestic antique appraisal experts. The collective signatures of top experts made Yan Linzhuang and Zhao Feng believe in Xie Genrong, feeling that even though he was suspected of loan fraud, Watson Group was still a very powerful company after all and would not fail to repay the loan. Another problem is that the mortgage loan was originally approved by Yan Linzhuang. If the loan fraud is exposed, he, as the president, will not be safe.
In 2003, Xie Genrong, who made a living by fraudulent loans, was rated as the 163rd richest man on the "China's 400 Rich List". In 2005, the Hurun Rich List showed that Xie Genrong had a personal asset of 700 million yuan and was selected. List of the 400 richest people in mainland China. In fact, all of these 700 million yuan of assets were bank loans. The Donghua Golden Tower, which was supposed to be moved into in 2003, eventually became an unfinished building.
In March 2003, the branch made two acceptance bills worth 50 million yuan each to two of the companies.
In June 2003, Watson Group had four bank acceptance bills that expired.
Because Walson Group did not pay, the branch made five more bank acceptance bills for it, four of which were worth 30 million yuan each, which were consistent with the funding gap caused by the previous four bank acceptance bills.
On September 25, 2006, Xie Genrong’s second wife Guan Ying sadly moved to Australia and filed a divorce lawsuit with the Fangshan District Court in Beijing. In this divorce lawsuit with a super-rich man, the court ordered both parties to divorce on the premise that there was no financial entanglement between the two parties.
From March 22 to 24, 2008, Xie Genrong, chairman of the board of directors of Beijing Watson Group, Yan Linzhuang, president of China Construction Bank Beijing Development Zone Branch, and others were arrested one after another.
In December 2009, the Beijing No. 1 Intermediate People's Court made a first-instance verdict on the loan fraud case of Xie Genrong and the disappearance of five responsible bank personnel including Yan Linzhuang. Xie Genrong was sentenced to life imprisonment for loan fraud, Yan Linzhuang was sentenced to 20 years in prison for illegally granting loans and illegally issuing financial instruments, and Vice President Zhao Feng was sentenced to 19 years in prison.