How to Pronounce Larry Yung
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Jan 31, 1942 Shanghai, China 82 years old
Chinese businessman
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About Larry Yung
- Larry Yung Chi-kin or Rong Zhijian (Chinese: ???; born 31 January 1942) 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.[2].
- He was in charge of CITIC Pacific when it made its first major loss in 20 years, US$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.[3]
