2004 China Rich List
Liu Yonghao - 2004 China Rich List:No.9
| 2004 wealth (US m): |
540 |
| 2003 wealth (US m): |
580 |
| age: | 53 |
| birthplace: | Xinjin, Sichuan |
| company: | New Hope Group |
| head office: | Sichuan |
| industry: | Animal feed, finance and real estate, dairy products |
| listing: | Shenzhen – 000876 Sichuan New Hope (March 1998), Shanghai – 600016 Minsheng Bank (December 2000) |
| personal info: | Liu’s astute investment into Minsheng Bank in 2000 should pay off this year when it manages its long overdue overseas listing. For the rest, Liu has been continuing to invest actively, with forays into finance, diary products, a Shenzhen natural gas distributor, shopping malls and real estate. With animal feed at its core, New Hope had sales last year of US$570 million (2002: US$470 million) and has 15,000 employees. The symbol to many of the economic reforms that have taken China by storm over the last two decades, Liu is a former vice chairman of the ACFIC and a delegate to the Chinese People’s Political Consultative Conference for a third term. |
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