Thursday, October 10, 2013

Entrepreneurs shift focus to investment strategies - Rupert Hoogewerf

Rupert Hoogewerf
Rupert Hoogewerf
China's entrepreneurs are moving from their core manufacturing to investment strategies, as the country's economy is shifting, says China Rich List producer Rupert Hoogewerf in ECNS.CN.  

ECNS:
China's top entrepreneurs, who have achieved extraordinary business success in the past decades, are moving away from their core businesses to become more involved in investment, a ranking of the wealthiest investors in the world's second-largest economy showed on Wednesday. 
"It is a clear trend that many entrepreneurs are shifting from their traditional core industries looking for other investment opportunities," said Rupert Hoogewerf, chairman and the chief researcher of the Hurun Report, a luxury magazine publisher. 
"They have changed their businesses, because China's economy is evolving," he said. 
The list of China's richest investors, which is a sub-list of the Hurun China Rich List 2013, an annual ranking of China's 1,000 wealthiest people, named Liu Yonghao, 62, board chairman of New Hope Group, as the richest investor with total investment of 20 billion yuan ($3.27 billion) in the finance sector. 
Gong Hongjia and wife Chen Chunmei, leading angel investors in the Chinese technology sector, ranked second with wealth from investment of 18 billion yuan. 
"Though Liu's core business is still pig feed, his investment in the finance sector has become an important part of his wealth portfolio," Hoogewerf, a former chartered accountant at Arthur Andersen, said. 
Liu holds 6.7 percent of China Minsheng Banking Corp Ltd's shares. That makes him the largest shareholder of the bank, and his New Hope Group retains extensive interests in animal feed, property, logistics and dairy products.
More in ECNS.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

China Weekly Hangout.

What can China learn from Singapore on sustainability? Join the +China Weekly Hangout where Shanghai-based sustainability expert +Richard Brubaker  will share his recent experiences in Singapore on Thursday 10 October. You can read our initial announcement here, or register for participation here. Moderation by +Fons Tuinstra of the China Speakers Bureau.

Should Facebook, Twitter and Google+ worry now Tencent, Baidu, Sina, Alibaba and Xiaomi have plans to expand globally, the +China Weekly Hangout asked on September 5. Not yet, said investor +William Yung, media-expert +Paul Fox and +Tech in Asia editor +Steven Millward. Well, maybe Whatsapp should. Moderation by +Fons Tuinstra of the China Speakers Bureau.
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