Home> Updates

Fujian entrepreneurs make Hurun list

chinadaily.com.cn| Updated: October 20, 2015 L M S

Four business people from Fujian province made the Top 100 of Hurun Rich List 2015, released in Shanghai on Thursday, Oct 15.

Lin Xiucheng, 64, and his son Lin Zhiqiang, 41, of Xiamen-based San'an Group ranked 43rd, the highest among business people from Fujian, up 35 positions from last year. Their wealth was calculated at 34 billion yuan ($5.4 billion) by August 14, a 127 percent rise from last year, thanks to the almost doubled stock price of the group's main business San'an Optoelectronics, a major LED producer in China.

San'an Optoelectronics' stocks sold at around 28 yuan in mid-August, compared to less than 15 yuan a year ago.

Chen Fashu, 54, of Fuzhou-based Xinhuadu Industrial Group, fell 10 spots from last year to 57th, with a 34 percent rise in his personal wealth. Xinhuadu specializes in retail, mining and investment, according to Hurun Institute.

Huang Qisen, 50, of Fuzhou-based real estate enterprise Thaihot, ranked 70th with a 194 percent gain in wealth.

Ou Zongrong, 51, of Fuzhou-based Zhenro Group, ranked 98th. Zhenro is also a real estate enterprise.

The cut-off for the Top 100 list is $3.2 billion.

In total, 66 business people with companies headquartered in Fujian made the full list, which has a wealth cut-off of 2 billion yuan. Among them, 22 have their companies headquartered in Xiamen.

The list included nine new billionaires from Xiamen. One of them is Meiya Pico's biggest shareholder Guo Yongfang, who ranked highest among the newcomers from Xiamen with 4.5-billion-yuan personal wealth. Meiya Pico is a tech company specializing in digital forensics and information security products.

Xiamen exhibited fast growth and ranked at 17th as residence of choice.

 

By Liu Sitong and edited by Andrew Ancheta

Why Xiamen

  • About Xiamen

    Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.

Read More