Billionaire Profile
Zhang Yin
Global Rank
#2339

Image: 凌祖詒編 | Public domain | via Wikimedia Commons

Zhang Yin

CEO, Paper manufacturing
CHINA
Real-Time Net Worth
$1.776B
Estimated based on Paper manufacturing stock value as of April 20, 2026
+3.94% (24h)
Age
69
Source
Paper manufacturing
Industry
Manufacturing
Citizenship
CHINA

Biography

Zhang Yin, also known as Cheung Yan, is a highly successful Chinese businesswoman and the founder of Nine Dragons Paper Holdings Limited, the largest paper manufacturer in China. Born in 1957, she overcame early challenges, including her father's imprisonment during the Cultural Revolution, to become a prominent figure in the business world. Her wealth source stems from paper manufacturing, a sector where she has achieved remarkable success. Zhang Yin's career began with a small paper trading company in Hong Kong, which she established in 1985 with modest savings. Through strategic vision and hard work, she transformed this venture into a global enterprise, recognized as the world's wealthiest self-made businesswoman at one point. Her achievements include leading Nine Dragons Paper to become the largest paperboard producer in Asia and a significant player in the global market, solidifying her position as a leading entrepreneur. As of March 10, 2026, she holds the position of chairwoman of Nine Dragons Paper Holdings.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Zhang Yin, born Zhang Xiuhua in 1957 in Shaoguan, China, faced early hardships. Her father, a Red Army lieutenant, was imprisoned during the Cultural Revolution. This led her to start working at a young age to support her family, without the opportunity to attend college. She later changed her name to Yin.

Rise to Success

Zhang Yin's entrepreneurial journey began in 1985 when she started a paper trading company, Ying Gang Shen, in Hong Kong with $3,800. She recognized the potential of importing waste paper into China for recycling and packaging, and in 1990, she founded America Chung Nam with her second husband, Liu Ming Chung, in Los Angeles to source high-quality waste paper. America Chung Nam became the leading American paper exporter. In 1995, she returned to Hong Kong and co-founded Nine Dragons Paper Holdings Limited with her husband and brother, Zhang Cheng Fei.

Key Business Strategies

Zhang Yin's success is attributed to several key strategies. She focused on the recycling of waste paper, a sustainable approach, and capitalized on China's growing demand for packaging materials. Her company's IPO in 2006 on the Hong Kong Stock Exchange further fueled its rapid expansion. The company expanded production capacity and became the world's largest maker of packaging paper. Nine Dragons Paper primarily uses recycled paper as its raw material source.

Philanthropy

Information regarding Zhang Yin's specific philanthropic endeavors is limited in the search results, but she has demonstrated a commitment to providing livelihoods and is a member of the Chinese People's Political Consultative Conference.

Career Milestones

1985

Founded Ying Gang Shen

Started a paper trading company in Hong Kong with $3,800.

1990

Founded America Chung Nam

Established a company in Los Angeles to source waste paper.

1995

Co-founded Nine Dragons Paper Holdings Limited

Expanded business into packaging sector with her husband and brother in Hong Kong.

2006

IPO of Nine Dragons Paper

Nine Dragons Paper was listed on the Hong Kong Stock Exchange, raising approximately $500 million.

2014

Asian CEO of the Year

Named Asian CEO of the Year.

Philanthropy & Social Impact

General Philanthropy

Not specified

Undisclosed

While specific details are unavailable, Zhang Yin has demonstrated a commitment to providing livelihoods and is a member of the Chinese People's Political Consultative Conference.

Business Philosophy & Leadership

Notable Quotes

""Other people saw scrap paper as garbage, but I saw it as a forest of trees""

Leadership Principles

Focus on Sustainability

Emphasizing the use of recycled materials.

Strategic Foresight

Identifying opportunities in the paper industry.

Hard work and Acumen

Building a successful business through diligent effort.

Controversies & Challenges

2008

Unethical Labor Practices Allegations

Accusations of unethical labor practices, including worker fines, were made against Nine Dragons Paper, which has since ceased worker fines.

2007 & 2008

Labor Strikes

Labor strikes occurred due to labor law proposals and employee layoffs.