Liu Yonghao

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Name: Liu Yonghao

Country: China

Date of birth: 1952

Education: Degree in Mathematics 

Type of Business: Agribusiness  

Main Achievements: One of the most prominent names of the Chinese business industry, Liu Yonghao, laid the foundations of Hope Group, which deals with chemicals and real estate. The company operates nearly 600 subsidiaries across 30 countries of the world and has recruited almost 70,000 employees. Yonghao’s company acquires shares in Ruprecht, a food processing company, and Lansing Trade Group, a company that sells raw materials and feeds. Apart from that, he serves as the VC of the seventh Executive Committee of the Provincial Federation of Industry and Commerce of Sichuan, as well as the VC of the eighth Executive Committee of the All-China Federation of Industry and Commerce. At present, he occupies the position of the VC of the Economic Subcommittee of the CPPCC National Committee. 

Something interesting about Liu Yanghao: 

Yanghao and his brothers collectively laid the foundation of the renowned animal feed business; however, they split their ways peacefully in the mid of the 1990s. 

Biography

Liu Yonghao was born in 1952 in the Chengdu city of the Chinese province of Sichuan. He has four siblings, who include three brothers and one sister. The incredibly successful businessman had his roots belonging to the rich landlords of the pre-Chinese Cultural Revolution era. His father was an intellectual personality who offered his services in the revolutionary war first. Later, he served at a local office of agricultural affairs. His mother received educated from the prestigious Huangpu Military School and occupied the position of a teacher after 1949. His family was significantly known and respected in their village. From 1978 to 1982, Yonghao attended Chengdu Normal College to study mathematics. The government introduced changes in the policy by infusing science and technology into the agricultural sector to enhance the economic industry in the 1980s. 

Yonghao and his brothers were motivated to be a part of the modified economic sphere. 

The onset of Liu Yonghao’s entrepreneurial journey was not plain sailing. The brother together sold off their bicycles and wristwatches to raise money for setting up their first chicken breeding farm in the village. Unfortunately, the initial period of their venture was not very successful; however, they strove harder not to be bankrupted. They worked immensely hard to climb the ladder of success. In the early days, they weaved baskets in the evening and rose early in the morning to pedal for nearly four hours to trade their chickens in the market. They also bred quails in the future, which further expanded their business. This marked as an initiative for their tremendous success. It took six years for the brothers to earn a sum of RMB 10 million. They got involved in producing animal feed during the last years of the 1980s. 

After 15 years, the small-scale business, initiated by Yonghao and his brothers, expanded into a renowned enterprise named ‘Hope Group’. It has been working as the leading enterprise in the feed industry of China since 1995. It was stated as ‘the most successful private enterprise’ by the Chamber of Industry and Commerce. New Hope diversified its network by adding innovative products as well as introducing improved technology and better quality in 1996. Over time, Yonghao’s course of success started making its track. With the liberalization of the banking sector by the Chinese government in the 1990s, he stepped into the banking sector. From 1993 to 1996, he extended his assistance in the development of Minsheng Bank. He became the largest acquirer of the bank’s share in 2000. 

Liu Yonghao’s exceptional services in the world of business were recognized by Business Week by stating him as ‘Star of the Week’. He was also mentioned among the Top Ten Best Entrepreneurs of China’s privately operated organizations. 

Links

https://www.forbes.com/profile/liu-yonghao/#d14a2bd222d6
https://prabook.com/web/liu.yonghao/709718
https://www.ceibs.edu/speaker/liu-yonghao