The Chinese Stock Rally Keeps Minting More Billionaires

By Jill Mao and Sterling Wong

May 29, 2015 at 12:36 AM UTC

Updated on

May 29, 2015 at 7:17 AM UTC

China’s stock rally has created a couple of billionaires a week this year. The worst equities slump in four months hasn’t stopped the momentum.

A total of nine new billionaires emerged this week, including the first Taiwanese tycoon with a fortune exceeding $1 billion. That came even after China’s benchmark Shanghai Composite Index plunged 6.5 percent on Thursday as brokerages tightened lending restrictions. The gauge slid 0.2 percent at the close on Friday.