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| Wednesday, 16 October 2013, 12:45 HKT/SGT | |
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HONG KONG, Oct 16, 2013 - (ACN Newswire) - Today, Shanghai held the press conference of 2013 Forbes China Rich List. LiHejun, Chairman and CEO of Hanergy Holding Group Ltd. debuts the Forbes China Rich List with net assets of $10.9 billion, ranking fourth, surpassing MaHuateng, the founder of Tecent. The formal show-up of the new energy industry leader highlights the rapid rise of new energy industry in China and its more important role in China's economy.
Hanergy Holding Group Ltd. is a globalized multi-national clean energy enterprise, engaged in hydropower, wind power and PV power generation. Quoted from LiHejun, ever since his initial entry into solar power field, he has recognized thin-film and flexibility as the inevitable trend for the future development of global solar power industry. In fact, Hanergy Holding Group Ltd. has been striving to develop thin-film solar power business in the past few years and has exerted great efforts to acquire several globally leading overseas thin-film solar power technology enterprises. The market capitalization of Hanergy Solar Group Limited, a Hong Kong-listed subsidiary of Hanergy Holding Group Ltd. has substantially increased to HK$37.3billion (as of 15 October 2013) from HK$4.6billion in the beginning of this year. The rapid growth of Hanergy Solar Group Limited makes considerable contribution to LiHejun's wealth growth. As it continues to enhance its solar power technical strength and expand into global solar power downstream markets, Hanergy Holding Group Ltd. is entitled to enormous growth potential.
According to the analysis of some market observers, as it is LiHejun's first time to appear on Forbes China Rich List, Forbes has applied a relatively conservative method when appraising his personal assets. During the past several years, regulars of China Rich List are leaders from real estate, internet and consumption industries. The formal show-up of LiHejun this year and his wealth growth manifest the rapid development of new energy industry.
XuDingMing, consultant of the State Council, former director of China National Energy Expert Advisory Committee commented: "In renewable energy filed, private enterprises are pioneers at preliminary stage and fresh troops in medium term period. Today and in the future I firmly believe that China's private enterprises will be the leaders in the renewable energy industry."
Top 5 Billionaires on Forbes Rich List
1. WangJianlin: $14.1 Billion (RMB 86 Billion)
2. ZongQinghou: $11.2 Billion (RMB 68.3 Billion)
3. Robin Li: $11.1 Billion (RMB 67.7 Billion)
4. LiHejun: $10.9 Billion (RMB 66.5 Billion)
5. MaHuateng: $10.2 Billion (RMB 62.2 Billion)
Topic: Press release summary
Sectors: Daily Finance, Energy, Alternatives, Daily News
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