china: news and opinion

Still rich, but less so as markets head south

THE fortunes of China's richest people are shrinking as hard times hit the country's stock and property markets, according to a list released yesterday. Appliance and property tycoon Huang Guangyu, a 39-year-old... ...full story at Shanghai Daily

from Shanghai Daily on Mon, Oct 06 2008

see also:


29 May 07		Chinese stock market's sizzling hot!(part 2) » YouTube videoWith China's economy sizzling hot, people in China are eager to become rich. But in a country ruled by Commies, you can hardly earn money quickly and easily. As a result, the stock markets are teeming with people of all kind--the young, the middle aged,...
06 Oct 08		List names China’s richest » Shanghai Daily THE annual China Rich List will name 39-year-old Huang Guangyu the richest person on the mainland tomorrow. He owns Guangyu Pengrun Investment Co and is worth an estimated 43 billion yuan (US$6.1 billion). Researcher...
08 Oct 08		China’s Rich and Super-Rich feel the pinch » Peking Duck I won’t be shedding many tears. Many of China’s richest people grew a bit poorer this year as stock and property markets tumbled, but the country’s wealthy are riding out the downturn better than many of their foreign counterparts, a...
25 Nov 08		Police won't comment on reported probe of China appliance tycoon » People's Daily Beijing police declined comment on Monday about media reports that Huang Guangyu, China's home appliance tycoon, is under investigation for stock market manipulation. The police told Xinhua that the case is under the direct charge of the Ministry...
11 Oct 07		Billionaires bloom on back of equity, property boom » People's Daily The country's roaring stock market and soaring property prices have generated wealth for so many that the mainland now has more billionaires than any place other than the United States, according to a list released yesterday. The list ha ...
25 Nov 08		Chinese mainland richest man under police probe » People's Daily Huang Guangyu, China's home appliance tycoon, is under police investigation for stock market manipulation, according to local media. His company, the Hong Kong-listed Gome company was expected to suspend trading on Monday, the Beijing News...

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