Liu Yonghao is China’s wealthiest investor: Hurun

October 11, 2013 Leave a comment

Liu Yonghao is China’s wealthiest investor: Hurun

Staff Reporter

2013-10-10

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Chinese millionaire Liu Yonghao — chairman of the agricultural industry giant New Hope Group — is the richest investor in China, after Liu’s assests were made public in a sub-list of the Hurun China Rich List 2013 on Oct. 9, reports the new portal Sichuan Online. Liu and his family have increased their wealth since 1996, when Liu and several company owners launched the China Minsheng Bank, the largest private bank in China. Liu is now the major share holder of the bank with 6.7% of its shares, while he also possesses shares in other businesses across the country. Meanwhile, Gong Hongjia and wife Chen Chunmei, leading angel investors in the Chinese technology sector, came in second on the Hurun sub-list. The couple, who own Hikvision Digital Technology, a leading supplier of video surveillance products and solutions, saw their company grow 300% over the past three years. Lu Jiqiang checked in as the third richest investor on the list. Lu is also one of the major share holders of the China Minsheng Bank, possessing 2.46% of the shares. The 22 investors on the list possess assests totaling 212 billion yuan (US$34.6 billion). Among the top 20, 36.8% of them are in the IT business and 26.3% are in banking, the report said.

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