Early Life
Information regarding Zhang Xuexin's early life is limited. His career began in 1972 with the founding of a state-owned power plant.
Rise to Success
Zhang Xuexin's rise to success is closely tied to the Xinfa Group. Under his leadership, the company expanded from power generation to aluminum refining and smelting. This strategic expansion made Xinfa Group a significant player in China's industrial sector.
Key Business Strategies
A key business strategy was the vertical integration of Xinfa Group, which included power generation and aluminum production. Another strategy involved the development of Xinfa Group into one of the world's largest aluminum producers. This expansion was supported by low-cost on-shore credit and self-built coal-fired power plants.
Philanthropy
China Hongqiao Group, founded by Zhang Shiping (father of Zhang Bo), has shown a commitment to philanthropy. In 2021, Shandong Hongqiao New Material Co., Ltd. donated 90.50 million RMB (approximately $13.5 million) to the Binzhou Shiping Charity Foundation. The company also supports various community service activities. The “Building Bridges for Love” public welfare initiative, supported by China Hongqiao Group, has benefited 6,200 students in completing their education in 2023.
