Billionaire Profile

Global Rank

#3019

Image: Public domain | via Wikimedia Commons

Liu Ming Hui

CEO, China Gas Holdings Ltd.

Real-Time Net Worth

$1.1B

As of December 2025

Age

Source

Natural gas distribution

Industry

energy

Citizenship

Biography

Liu Ming Hui, a prominent figure in the energy sector, is the chairman and co-founder of China Gas Holdings. Born in 1962, Liu's career has been marked by significant achievements in the natural gas distribution industry. His estimated net worth is $1.1 billion as of December 4, 2025. Liu's wealth primarily stems from his ventures in natural gas distribution, a sector in which he has demonstrated remarkable business acumen. His leadership at China Gas Holdings has been instrumental in the company's growth and expansion, establishing it as a key player in China's energy market. Liu's career reflects a commitment to innovation and strategic planning, driving China Gas Holdings' success.

Wealth Over Time

Portfolio Holdings

China Gas Holdings

In-Depth Profile

Early Life

Liu Ming Hui was born in 1962. He holds a Bachelor of Science from Hebei Normal University and has furthered his education with a Master's and a Doctorate from Renmin University of China.

Rise to Success

Liu's career began in the government, where he focused on attracting foreign investment. He later transitioned to the private sector, recognizing the potential in the natural gas distribution industry. In 2002, Liu and his partners acquired a Hong Kong-listed company, renaming it China Gas Holdings. Under his leadership, the company expanded rapidly, becoming a leading natural gas distributor in China.

Key Business Strategies

A key strategy employed by Liu was acquiring money-losing gas distribution businesses from city governments and transforming them into profitable ventures. He focused on efficiency, setting clear sales targets, and incentivizing employees. He also led the company to receive IFC's support with a $300 million financing package for China Gas Holdings to help expand its natural gas distribution business.

Philanthropy

There is no direct information about specific philanthropy amounts but IFC's support of the company can be seen as a way to promote the use of natural gas to help solve China's air pollution.

Career Milestones

2002

Founder and Chairman of China Gas Holdings

Led the acquisition and transformation of a Hong Kong-listed company into a major natural gas distributor.

2010

Detention and Reinstatement

Was detained on embezzlement allegations but was later cleared and re-joined the company.

2012

Re-appointed as Managing Director and President

Reassumed leadership roles at China Gas Holdings.

Philanthropy & Social Impact

Environmental

Expansion of City Gas Infrastructure

$300M (via IFC loan)

Expansion of city gas distribution infrastructure and the building of new natural gas refilling stations, which promotes the use of natural gas to help solve air pollution.

Business Philosophy & Leadership

Notable Quotes

"“You have to trust the market.”"

"“IFC's support provides us with the necessary capital to pursue our expansion plans, including investment in more than 30 new city-gas projects and the construction of 200 natural gas stations every year.”"

Leadership Principles

Trust the Market

Believing in the power of market forces and private businesses to drive economic growth.

Strategic Expansion

Focusing on the expansion of city gas distribution infrastructure and construction of natural gas stations.

Controversies & Challenges

2010

Embezzlement Allegations

Detained on allegations of embezzlement, but later cleared of all charges.