Larry Yung Chi-kin Rong Zhijian | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
榮智健 | |||||||||||
| Chairman of CITIC Limited | |||||||||||
| In office 10 March 1990 – 8 April 2009 | |||||||||||
| Succeeded by | Chang Zhenming | ||||||||||
| Personal details | |||||||||||
| Born | 31 January 1942 Shanghai | ||||||||||
| Spouse | Catherine Yung | ||||||||||
| Children | 3 | ||||||||||
| Parent(s) | Rong Yiren Yang Jianqing | ||||||||||
| Occupation | Former chairman of CITIC Pacific | ||||||||||
| Chinese name | |||||||||||
| Traditional Chinese | 榮智健 | ||||||||||
| Simplified Chinese | 荣智健 | ||||||||||
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Larry Yung Chi-kin or Rong Zhijian (Chinese: 榮智健; born 31 January 1942) is a Chinese businessman and the former chairman of CITIC Pacific, a Hong Kong–based conglomerate.[1] 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.[1]. 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.[2]