Larry Yung Chi-kin (born January, 1942), also often called Rong Zhijian in mainland China, was the chairman of CITIC Pacific, a Hong Kong-based conglomerate. According to Forbes Magazine, he is one of the wealthiest people in mainland China, with a personal net worth of $2.2 billion US dollars as of March, 2007. Yung was born in Shanghai to a business man Rong Yiren, who later became the vice president of China during the 1990s.
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- Larry Yung Chi-kin (born January, 1942), also often called Rong Zhijian in mainland China, was the chairman of CITIC Pacific, a Hong Kong-based conglomerate. According to Forbes Magazine, he is one of the wealthiest people in mainland China, with a personal net worth of $2.2 billion US dollars as of March, 2007. Yung was born in Shanghai to a business man Rong Yiren, who later became the vice president of China during the 1990s. He graduated from Shanghai Nan Yang Model High School in 1959 and attended the Tianjin University majoring in electronic engineering. When the Cultural Revolution started, because of his "capitalist" background, he was exiled to Liangshan in Sichuan in 1966. After the turbulent years, Rong Yiren came to good terms with Deng Xio Peng who came into power after Mao. With the support of the Chinese government and its capital, Yung Chi Kin moved to Hongkong and started businesses with the Chinese government as major shareholder, and he himself subsequently became one of the richest people in China. His family's tie to the Communist Party of China earned his nickname "the Red Capitalist. " Yung is on the board of directors of the Hong Kong Jockey Club. He is also the owner of a Bombardier Global Express. Yung was recently reported to have joined the rank of speculating the real estate business in Shanghai with an investment more than one billion RMB.
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- Larry Yung Chi-kin
榮智健
Rong Zhijian
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- US$2.2 billion (See below for reference)
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- Former chairman of CITIC Pacific
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- Larry Yung Chi-kin (born January, 1942), also often called Rong Zhijian in mainland China, was the chairman of CITIC Pacific, a Hong Kong-based conglomerate. According to Forbes Magazine, he is one of the wealthiest people in mainland China, with a personal net worth of $2.2 billion US dollars as of March, 2007. Yung was born in Shanghai to a business man Rong Yiren, who later became the vice president of China during the 1990s.
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- Larry Yung Chi-kin
榮智健 Rong Zhijian
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