Liu Yongxing

Early Life

Liu Yongxing was born in June 1948 in Sichuan, China. He grew up with three brothers and one sister. His family background was of wealthy landlords before the Cultural Revolution, and they began as farm workers. He graduated from Xihua University in 1968.

Rise to Success

In the late 1970s, Liu and his brothers started an electronics company, but it closed because such ventures were deemed "too capitalistic". In 1982, they started the Hope Group, initially raising quail and hatching chickens. By 1992, the Hope Group was one of the largest animal feed groups and a major non-government corporation in China. In 1995, the brothers split their businesses, and Liu Yongxing founded East Hope Group.

Key Business Strategies

Liu focused on diversifying East Hope into industrial materials, including aluminum and plastics. He moved the headquarters to Shanghai. East Hope has found success by outcompeting government-controlled domestic companies through better management. The company has expanded its operations into chemicals, non-ferrous metals, and energy.

Philanthropy

Liu is known for his philanthropic efforts, donating to educational and rural development programs in China, though he shuns public attention.