2006 Finance Rich List
The Finance Rich List is a sublist of the Hurun Report 2006 China Rich List series and only takes into account wealth generated from the financial sector. In the case of Liu Yonghao, for example, Hurun Report only included his Minsheng Bank assets, excluding his non-finance assets (primarily his feed business), when calculating his wealth for the purpose of the Finance Rich List. Valuing the wealth of China’s Rich is as much an art as it is a science. Our team of researchers has - for the eighth year running - traveled 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 August 31, 2006. For non-listed companies we valued by comparing them with their listed equivalents using prevailing industry P/E ratios. This list relates to Mainland China only. For the purposes of this list, we define Mainland Chinese as someone who was born and brought up in China, no matter what passport they might hold today.