Zhang Yin

Zhang Yin , also known under its name hong-kongais Cheung Yan , is a Chinese businesswoman. She is considered, in October 2006, like the richest person of China. She is the founder and owner of Nine Dragons Paper, Chinese group of paper recycling and first packing paper producer of China.

In October 2006, it became at 49 years, the first woman to be at the head appeared of the classification of great Chinese fortunes published each year by the Hurun Report , a Chinese magazine. The BBC evaluated the fortune of Zhang Yin to 3,4 billion dollars, becoming thus the the richest coil-made woman of the world in front of Oprah Winfrey and J.K. Rowling. The introduction of its group out of Stock Exchange enabled him to multiply by 9 its fortune in less than one year, thus making it pass from the 36e in the 1st place of the richest people of China.

Girl of an officer of the Chinese popular army, it was born in 1958 in a province far away from north from China, elder of a phratry of 8 children. In 1985, it leaves Guangdong to launch out in a small company of paper recycling to Hong-Kong where it Marie with a Taiwan board. In 1990, it leaves for the United States where it creates America Chung Nam, specialized company in the worn paper broking. With the opening of China to the beginnings of the year 1990, it réeinvestit in continental China. It will thus massively export worn paper towards its Chinese factories where they are recycled in products of conditioning for various international groups.

The analysts explain his success by the fact that it built the foundations of its company apart from the opaque Chinese economy (HongKong then the United States), by its very good knowledge of China and by the fact of evolving/moving in a sector considered to be not very strategic by the Chinese government, therefore with little intervention of this last or the Party of which many the current tycoons of the Chinese economy are or members or with dealings with the capacity of Beijing.

External bond

Nine Dragons Paper Official site

Source

Hurun Report 2006 Clouded Rich List
BBC News, Woman signals China' S new rich list, 11 October 2006

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