Top 24 most powerful businesswomen in China 2011
- By Lin Liyao
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E-mail China.org.cn, December 9, 2011
Cheung Yan (张茵)
Company: Nine Dragons Paper (Holdings) Limited (玖龙纸业(控股)有限公司)
Headquarters: Guangdong
Main focus: Cardboard paper
Title: Chairwoman
Age: 54
Cheung Yan opened a paper trading company in Hong Kong in 1985, and then moved to America where she founded the wastepaper recycling company America Chung Nam in 1990. She returned to China in 2005 and settled in Dongguan, Guangdong, where she established Nine Dragons Paper (Holdings) Ltd., which went public in March 2006.
Zhang's company, America Chung Nam, has been the number one American paper exporter since 2001, and Nine Dragons Paper Holdings has become the biggest cardboard paper maker in Asia. In 2010, Zhang's personal fortune was estimated at about US$5.6 billion, and according to the Hurun Rich List 2011, she has a net worth of US$4.4 billion as of September this year.
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