2008 China Finance Rich List

 
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The 2008 Hurun Finance Rich List looks at the wealth created by the finance sector only. For example, Liu Yonghao is valued at US$1.32 billion on the 2008 Hurun Finance Rich List but US$2.8 billion on the Hurun Rich List; this because the other US$1.5 billion is invested in pig feed, property and dairy products. Our team of researchers has - for the tenth year running - travelled the length and breadth of the country cross-checking information with entrepreneurs, industry experts, journalists, bankers, and regulators, as well as previous years’ databases. The cut-off date for valuation of listed companies was 1 September 2008. The exchange rate used for US$ was RMB 6.8. For non-listed companies, we valued by comparing them with their listed equivalents using prevailing industry Price/Earning ratios. This list relates to Mainland Chinese only, defined as someone born and brought up in Mainland China, no matter what passport they might hold today.

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