Baoneng Group
Baoneng Group is a Chinese property and financial services conglomerate controlled by Chinese billionaire Yao Zhenhua, China's fourth-richest man as of January 2017.[1]
Baoneng Group was founded in 1992, and is based in Shenzen.[2][3] Baoneng Group comprises about 40 companies in real estate,logistics, microfinance, education, healthcare and insurance.[4]
Baoneng has over 40 shopping malls in China.[5]
In February 2017, Yao was banned from China's insurance industry for ten years after a failed takeover bid for Vanke by a Baoneng company, Foresea Life Insurance.[6]
References
- ↑ Post Magazine. "The five things you need to know about the battle of Vanke | South China Morning Post". Scmp.com. Retrieved 27 July 2017.
- ↑ "Shenzhen BAONENG Investment Group Ltd: Private Company Information". Bloomberg. Retrieved 27 July 2017.
- ↑ "Baoneng Business Management". Baoneng100.com. Retrieved 27 July 2017.
- ↑ Post Magazine. "The driving force behind Baoneng’s assault on Vanke | South China Morning Post". Scmp.com. Retrieved 27 July 2017.
- ↑ "Yao Zhenhua". Forbes.com. Retrieved 27 July 2017.
- ↑ Post Magazine. "Shenzhen tycoon Yao Zhenhua barred from insurance industry for 10 years | South China Morning Post". Scmp.com. Retrieved 27 July 2017.
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