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Reprint: Daisy

In the pureness of the Buddhist realm, a storm of significant proportions has erupted. At the core of this storm is the CEO Shi Yongxin, who has built a 'Buddhist Business Empire.'

PART .01 Case Overview: Uncovering the Collision of Capital and Precepts

On July 27, 2025, a notice on the official website of Shaolin Temple shook the public opinion like thunder: Abbot Shi Yongxin is under joint investigation by multiple departments for suspected embezzlement of temple assets (amounting to possibly 800 million yuan), maintaining improper relationships with several women, and fathering an illegitimate child.

In the pureness of the Buddhist realm, a storm of significant proportions has erupted. At the core of this storm is the CEO Shi Yongxin, who has built a 'Buddhist Business Empire' over 26 years — from establishing China's first temple official website in 1996 to founding Henan Shaolin Intangible Asset Management Co., Ltd. in 2008, which became an important platform for the commercialization of Shaolin Temple, making external investments in 16 companies, with the largest single investment amounting to 16 million yuan and a total of nearly 80 million yuan, culminating in winning commercial land in Zhengzhou for 452 million yuan in 2022, with a business scope spanning cultural tourism, real estate, finance, and more, generating annual revenue exceeding 1.5 billion yuan.