Look At China'S First Female Billionaire Zhang Yin Business Legend

October 16th hearing, 2010 Hu Runnv

Born in the 50s of the last century, Zhang Yin, a military family, was poor when he was young. There were seven younger brothers and sisters in the family who needed to be looked after.

After graduating from university in 1982, Zhang Yinxian worked as an accountant in a factory, and then worked in a joint venture under the trust of Shenzhen.

In 1985, Zhang Yin came to Hongkong to work as an accountant in a Sino foreign joint venture trading company.

A year later, the company went bankrupt.

In front of Zhang Yin, there are three options: return to Guangdong, accept an annual salary of $64 thousand and 100, or start a business.

Finally, Zhang Yin chose to start her own business -- with 30 thousand yuan in her pocket, she started the business of waste paper recycling.

This idea is inspired by a master in a paper mill. "Waste paper is a forest. In the future, the paper industry must develop from resource paper to recycled paper."

The master said, "the pulp imported from Hongkong is mostly mixed with moisture, and its quality is not high. It hopes to change this phenomenon."

These two sentences point out that Zhang Yin was originally

At the beginning of Zhang Yin's business, he could only start from the low end, and gradually establish waste paper recycling network. In terms of capital, she made loans through Hongkong bank to develop her career step by step.

Since entering Hongkong, Zhang Yin has insisted on quality first and changed the way that Hongkong used to mix water in pulp.

But it also violated the interests of the same industry. She was considered to have violated the code of conduct and even received a threatening phone call from the underworld. But Zhang Yin did not shrink back. Instead, she took a place in the Hongkong market with her fair and honest management. Those who collected the waste paper were willing to do business with her.

In 1987, Zhang Yin, who had been in Hongkong for 2 years, began to choose investment partners in China.

After successful joint venture with Liaoning Yingkou paper mill, she joined the Wuhan Dongfeng paper mill and Hebei Tangshan paper mill to further expand the investment scale.

In 1988, she set up his sole proprietorship in Dongguan, Dongguan Zhongnan Paper Co., Ltd.

After several years of development, waste paper recycling in Hongkong has been unable to meet the business needs. In 1990, Zhang Yin turned his attention to the other side of the ocean -- the United States.

After emigrating to the United States, Zhang Yin founded the AmericaChungNam.

At present, the company is one of the largest exporters of waste paper in the United States and is also the largest supplier of the most important raw materials in the nine dragon paper industry.

In 1996, there was a shortage of high-grade packaging paper in China, especially imported high-grade cattle cardboard almost all imported from abroad.

Zhang Yin seized this historic opportunity in time and decided to set up Dongguan Nine Dragons Paper Co., Ltd., mainly producing high-grade cattle cardboard.

She invested $110 million in the construction of the first phase project in December 1996. In July 1999, Zhang Yin continued to inject $110 million into the two phase of the project expansion. In 2006, he continued to inject more than 100 million US dollars to carry out the three phase project expansion. At that time, the production scale of Dongguan paper industry will exceed 1 million tons, making it one of the world's largest packaging paper production enterprises.

It was discovered that Zhang Yin's Hoogewerf found a "proof" in a professional magazine in the United States. The Nine Dragons Paper recycling waste paper was the largest container exporter in the United States.

In fact, since 1990, Zhongnan holdings, Zhang Yin's papermaking raw material company, has become the largest exporter of paper materials in the United States.

In the United States, Zhang Yin's name was earlier than the list. In 1997, the United States ranked the top five hundred among women's enterprises, while the Central South company ranked ninety-fifth, while Zhang Yin was the only Chinese woman.

On the list of 06 years, Zhang Yin has jumped to fifty-fourth place and has become a real "waste paper recycling king".

Zhang family

Despite being ranked number one in the Hurun rich list, Zhang Yin's name was unexpectedly ranked fifth in the 2006 Forbes rich list of mainland China, with personal wealth of only $1 billion 500 million, shrunk by more than half.

The calculation of Forbes's rich list is different from that of Hurun's rich list. Zhang Yin's family wealth is divided among family members.

As a matter of fact, people familiar with the Nine Dragons Paper know that this is a thorough family business under Zhang Yin's strict control.

Zhang Yin's husband, Liu Mingzhong, was born in Taiwan and grew up in Brazil. He graduated from a prestigious university and was proficient in English and Portuguese.

Zhang Yin and her husband met in a trade. At that time, Zhang Yin's career had been very successful, and Liu Mingzhong's status as a doctor had several clinics, and at the same time he was also engaged in iron and steel trade.

After the two men got married, as Zhang Yin grew bigger and bigger, he thought of pulling her husband together. After some consideration, Liu Mingzhong agreed to Zhang Yin's request.

Now, Liu Mingzhong is the vice chairman and CEO of Nine Dragons Paper.

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"Although I am the chairman of the board, he is the vice president, but I can not say that he is a deputy.

He is very capable and confident in himself.

He respected me and respected me as the founder of this industry, but he was also a great hero in the development of this enterprise.

I have my strong points and his ability is very strong.

I can't do the project he's responsible for, and he can't do what I'm responsible for.

It's like driving a car. I can't sit in the driver's seat, or I'll step on the wrong gas pedal.

Zhang Yin said in an interview, "we are very distinct between the public and private sectors.

I often say, never listen to the pillow wind.

The principle that we get along with each other is to admit mistakes when we are wrong.

When I do something wrong, he will criticize me and be very strict. "

Zhang Yin never thought her husband was working for himself. When asked, she repeatedly stressed that wealth belonged to two couples.

Zhang Yin's husband did not mind, because his wife's fame overshadowed himself, and often made fun of her, calling her "the richest woman".

Besides her husband, Zhang Yin has 5 siblings to help her with all kinds of affairs.

According to the public information of Nine Dragons Paper in 2006, the total market value of Jiu Long paper is about 37 billion 500 million yuan, while Zhang Yin and her husband Liu Mingzhong and brother Zhang Chengfei hold 72% of their shares.

Among the nine board seats of Nine Dragons Paper, Zhang Yin, Liu Mingzhong and Zhang Chengfei are executive directors and a son is a non-executive director.

"We didn't think there was anything special about our sister's list of richest men.

Because she is very famous in the paper making circles, but this time the general public knows her.

For Zhang Yin to become the richest woman, sister Zhang Xiubo's reaction is very dull.

Zhang Yin has been very careful about the training of her children. Now, her two children are very interested in waste paper recycling, and will also work in factories during holidays.

At present, Zhang Yin will introduce the board of directors to his older son, who is still studying for a master's degree, hoping that his children can learn more. Zhang Yin also said that whether children will inherit their careers or look at their own choices.