China's Richest Woman Just Made $2 Billion In 4 Days

It's not just the US stock market were euphoria is raging in 2018: Chinese shares continued their strong start to the year, with the MSCI China Index climbing 0.7% overnight, taking its advance this year to 6.3% and to the highest level in 10 years. Additionally, the Hang Seng Index rose 0.3% for its 10th straight gain and best run since October 2012, while the Hang Seng China Enterprises Index rose +0.2%. Finally, the Shanghai Composite Index rose +0.5%; its seventh day of gains and the longest streak since March 2016.

In short, China's stock market surge is back, baby, and nobody is happier than Yang Huiyan - the Vice Chairman of Country Garden Holdings, China’s largest developer by sales - where a share surge increased Huiyan's wealth by $2.1 billion in just the first four trading days of the year.

According to the Bloomberg Billionaire Index, Yang, who is also the controlling shareholder of Country Garden, saw her fortune soar to $25.6 billion as of Jan. 5 to rank as the fifth-richest person in the nation. And that was before Country Garden’s shares rose another 7.4% on Monday in Hong Kong trading, taking its year-to-date-gain to 17%.

Some more details on China's richest, and youngest, woman:

The 36-year-old Yang is China’s richest woman and the nation’s youngest billionaire, according to the Bloomberg index. In 2005, her father transferred his controlling stake to her “due to his intention to train Yang Huiyan as the successor of his family’s interest” in the group, Country Garden said in its 2007 initial public offering prospectus.

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Her father Yang Guoqiang, usually known by his Cantonese name Yeung Kwok Keung, co-founded Country Garden in 1992.

Country Garden has been one of the beneficiaries of a boom in China’s property market, which has led to buoyant earnings and soaring sales, especially for the nation’s largest developers. The company reported preliminary 2017 contracted sales of 550.8 billion yuan ($85 billion) on Friday, exceeding the 500 billion yuan target it provided in August.

And with speculation from none other than Citigroup that the PBOC is quietly injecting short-dated liquidity into the financial system, and thus goosing the market, we expect Ms. Yang to get even richer in the coming weeks.

Comments

Justin Case NoDebt Jan 8, 2018 10:26 PM Permalink

Some people still think China is a communist country. If they is I want some of dat here. So many millionaires and a lot of them buying up N. American real estate.  University students living in $12 mil houses driving Ferraris and Lambos.We get $15/hr wages and bartenders and the corporatocracy throws a shit fit that they can't afford to pay those kinda wages. Hamerica.

In reply to by NoDebt

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J. Peasemold G… Jan 8, 2018 9:07 PM Permalink

Damn but I knew I should have bought those shares in the Chinese company that manufactures plastic dog poop and fake vomit.

At least I would get more income from the American purchases than I get from the local companies that have no dividends, excessive executive renumeration and share price volatility that resembles a roller coaster in motion.

Might need a plastic vomit myself to throw off the roller coaster the way things are progressing. And the dog poop to leave on my local representative's doorstep to remind him of what the loss of jobs has done to the economy.

 

J. Peasemold Gruntfuttock

Albertarocks Jan 8, 2018 9:25 PM Permalink

" Some more details on China's richest, and youngest, woman:"

Geez, China's future isn't going to look anything like it does today if this is China's youngest woman.

datbedank Jan 8, 2018 9:36 PM Permalink

Whoop dee dee, another woman who was given her wealth by her father.

I too can make billions of dollars if a rich relative gave me f*ck you money to start with.

But alas, going to have to earn my keep!

HRH of Aquitaine 2.0 Jan 8, 2018 11:01 PM Permalink

I bought a lotto ticket.  Minimal win is $220K.  For me, that would be a life changing event.  I thought if I won the mega lotto one of my greatest joys would be $1000 tips. 

How can some of these wealthy people not be generous?  I don't get that way of thinking.

Handing out $100 this would make my day. 

moobra Jan 9, 2018 12:43 AM Permalink

Luckily china's billionaires all pay a cut to regime lest they be found to be corrupt.

This is the danger of billionaires as several saudi princes have discovered.