| 词条 | Larry Yung |
| 释义 |
| image = | name = Larry Yung Chi-kin Rong Zhijian | native_name = 榮智健 | native_name_lang = zh-hk | birth_date = {{birth date and age|1942|1|31|df=y}} | birth_place = Shanghai | occupation = Former chairman of CITIC Pacific | office = Chairman of CITIC Limited | term_start=10 March 1990 | term_end=8 April 2009 | successor = Chang Zhenming | parents = Rong Yiren Yang Jianqing | relations = Yvette Yung (niece) | children = Carl Yung Ming-jie Frances Yung Ming-fong Andy Yung Ming-tai | spouse = Catherine Yung | net_worth = {{profit}} US$2.9 billion{{ref|Hurun Report}} }}{{Infobox Chinese |t=榮智健 |s=荣智健 |p=Róng Zhìjiàn |j=Yung4 Chi3-kin6}} Larry Yung Chi-kin or Rong Zhijian ({{zh|t=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.{{ref|Hurun Report}}. 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.{{ref|forbes}} BiographyEarly lifeYung was born in Shanghai to businessman Rong Yiren, who later became the vice president of China during the 1990s. He graduated from Shanghai Nanyang Model High School in 1959 and went on to Tianjin University, where he majored in electronic engineering. Yung's uncle, Paul, elder brother of Yiren, died with 34 others in Hong Kong's worst air disaster on Basalt Island on 21 December 1948.[2] Cultural revolutionWhen the Cultural Revolution started, because of his capitalist background, Rong Yiren was exiled to Liangshan, in Sichuan, in 1966. After the turbulent years, he became associated with Deng Xiaoping and was later appointed Vice-President of the People's Republic of China. His family's ties to the Communist Party of China earned him the nickname "the Red Capitalist."{{ref|capitalist}} With the support of the Chinese government and its capital, son Larry moved to Hong Kong and started businesses with the Chinese government as major shareholder, becoming wealthy in the process. CITIC PacificIn 1990, Yung became chairman of CITIC Pacific, an arm of his father's company CITIC Group.[3] He continued his work at the company until the Foreign exchange losses controversy led to his resignation on 8 April 2009.[4] Recent venturesIn 2007, Yung was reported to have joined the ranks of real estate speculators in Shanghai with an investment of more than one billion RMB.{{ref|shanghai}} In 2009, having left CITIC, he established Yung's Enterprise Holdings to pursue this line of business.[5] References
1. ^CITIC Pacific chairman resigns in management reshuffle {{webarchive|url=https://web.archive.org/web/20121024023403/http://news.xinhuanet.com/english/2009-04/08/content_11151795.htm |date=2012-10-24 }} 2. ^{{cite news|title=Basalt Island Crash Investigation|url=http://www.cnac.org/sundby03.pdf|accessdate=10 August 2015|author=David Pickerell|date=19 November 2007}} 3. ^http://world.time.com/2008/10/22/fall_of_the_first_red_capitali/ 4. ^CITIC Pacific chairman resigns in management reshuffle {{webarchive|url=https://web.archive.org/web/20121024023403/http://news.xinhuanet.com/english/2009-04/08/content_11151795.htm |date=2012-10-24 }}, Xinhua, 8 April 2009 5. ^{{cite news|title=Yung family finds there is life after Citic|url=http://www.scmp.com/business/companies/article/1620200/yung-family-finds-there-life-after-citic|accessdate=11 August 2015|author=Enoch Yiu, South China Morning Post|date=20 October 2014}} External links
12 : 1942 births|Living people|Chinese billionaires|CITIC Group people|Hong Kong entrepreneurs|Business and Professionals Federation of Hong Kong politicians|Members of the Election Committee of Hong Kong, 2007–2012|Members of the National Committee of the Chinese People's Political Consultative Conference|Businesspeople from Shanghai|People's Republic of China politicians from Shanghai|Tianjin University alumni|Hong Kong people of Shanghainese descent |
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