Larry Yung

Larry Yung

NameLarry Yung
TitleChinese businessman
GenderMale
Birthday1942-01-31
nationalityPeople's Republic of China
Sourcehttps://www.wikidata.org/wiki/Q6491333
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LastUpdate2025-01-09T02:41:45.055Z

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Introduction

Larry Yung Chi-kin or Rong Zhijian is a Chinese businessman and the former chairman of CITIC Pacific, a Hong Kong–based conglomerate. According to Hurun Report, he was one of the wealthiest people in mainland China, with a personal net worth of US$2.9 billion as of 2013. He was in charge of CITIC Pacific when it made its first major loss in 20 years, $2 billion, due to speculation in FX accumulators. This exposed the lack of internal management controls, which subsequently resulted in a temporary suspension of CITIC Pacific shares on the Hong Kong Stock Exchange and police raids at CITIC.

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