China's Richest Property Tycoon Clings Onto Top Spot Amid Share Price Slump
Dou Shicong
/SOURCE : yicai
China's Richest Property Tycoon Clings Onto Top Spot Amid Share Price Slump

(Yicai Global) Oct. 30 -- Evergrande Group Chairman Xu Jiayin has retained his position as China's wealthiest property magnate by a narrowing margin, according to the Sweetome Group Hurun Property Rich List 2019.

Xu, known as Hui Ka Yan in Cantonese, remained No. 1 though his wealth shrank 21 percent to CNY170 billion (USD24 billion) as the shares of his Hong Kong-listed developer have declined almost 17 percent since September last year. 

Yang Huiyan, vice-chairwoman of Country Garden Holdings, was the second-richest property tycoon in China with CNY160 billion, a 19 percent gain from a year ago.

Shenzhen-based Evergrande's stock price [HKG:3333] traded 0.4 percent lower today to close at HKD18.26 (USD2.33).

Editor: Emmi Laine 

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Keywords: Evergrande Group , Xu Jiayin , Country Garden Holdings , Hurun Report