In the 1990s, it successively controlled two major power plants in Liaoning Province, cashed in around 2000, moved to Hong Kong stocks, acquired Yongfu Construction International at a low price and turned to CITIC Group. Its share price soared 100 times, and its value jumped 100 billion. Famous star companies such as Datang Power Generation, China Resources Power and CITIC Group are all its partners.
biographical notes
Studying abroad in 1980s, 1989 set up a private investment company in Cayman Islands. In 1990s, he successively controlled two main power plants in Liaoning Province and served as the chairman of Jinshan Co., Ltd. (600396).
Around 2000, he cashed in, switched to Hong Kong stocks, bought Yongfu Construction International at a low price and switched to CITIC Group. Its share price soared 100 times, and its value jumped 100 billion. Famous star companies such as Datang Power Generation, China Resources Power and CITIC Group are all its partners.