Guo Guangchang

Guo Guangchang , is a Chinese entrepreneur. He is the CEO of Fosun International Limited and the representative of 10^th National People's Congress. Guo is currently the second richest person in Mainland China with a net worth over 30 Chinese yuan.

Biography

Guo was born in Dongyang, Jinhua, Zhejiang, China. He graduated from the Department of Philosophy at Fudan University, Shanghai.

In 1992, Guo was criticized by Fudan University for using its official envelope for conducting a private survey while employed there. He resigned over this incident. Guo went on to establish his first company, Guangxin Technology Development Company.

In 1995, Guo and four schoolmates borrowed 38,000 yuan to invest in product development in genetic engineering. The company name was changed to Fosun Holdings Limited . The company earned 100 million yuan from developing medicine against the hepatitis B virus, which strengthened further development of Fosun companies. Fosun has since expanded into other sectors, including real estate, retailing, securities, steel and gold mining. It is currently the largest company in China.

Guo has stated that he admires the business skills of Li Ka Shing, Hong Kong's richest billionaire.