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Liu Yonghao

Source: China Entrepreneur Club | Date: 16-05-26  
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Vice President, China Entrepreneur Club (CEC)

Chairman, New Hope Group

Vice Chairman, China Minsheng Banking Corp., LTD.

Background

In 1982, Liu Yonghao his three elder brothers raised one thousand RMB to start their business in crop-planting and animal cultivation in the countryside of Sichuan Province. By 1988, the brothers had earned RMB 10 million, and repositioned themselves as feedstuff producers. The Liu brothers registered Hope Group in 1992, which had already become one of the largest animal-feed groups in China and one of the largest non-government conglomerates in the country.

New Hope Group

In 1996, the brothers split their empire and branched into other ventures, with Mr Liu building his portion, renamed the New Hope Group, into one of the largest agricultural business enterprises in the country. Today NHG operates agribusiness in China and abroad with more than 400 subsidiaries and over 80,000 employees.

Liu also helped found China Minsheng Bank, the only bank in the country since 1949 to be established without direct state ownership. Today, Mr Liu holds about 7 per cent of China Minsheng Bank’s shares, and his New Hope Group retains extensive interests in animal feed, property, logistics and dairy products.

Recognition

Liu was honored as “CCTV China Economic Persons of the Year” twice in 2006 and 2010, and selected as one of Fortune’s “Top 50 Chinese Business Leaders” in 2012.

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