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# Cheung Yan

Random fact: Name is spelt as Zhang Yin in Mandarin Chinese.

Overview

Cheung Yan is the co-founder and chairman of Nine Dragons Paper Holdings, the world's largest paper manufacturer using environmental friendly recovered paper. The Dongguan, Guangdong-based maker of paper and packaging materials sold shares in a Hong Kong initial public offering in 2006. Her husband Liu Ming Chung, son Lau Chun Shun and brother Zhang Cheng Fei are all board members of Nine Dragons.

As of Sept. 22, 2017:
Last change ()
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Industry Industrial
Biggest asset N/A
Citizenship China
Age 59
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Cheung Yan's net worth of can buy ...

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of the total wealth of the 500 richest people in the world
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of U.S. existing home sales
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times the median U.S. household income

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Net Worth Summary

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Biography

Birthdate: 1957
Family: Married, 2 children

A child of a military family whose original root is in northern China, Cheung was born in Shaoguan in southern China's Guangdong province in 1957. Six years after China concluded the decade-long Cultural Revolution that sent the nation to turmoil, Cheung went to a local vocational school to study accounting.

At age 28, Cheung Yan, whose name is spelt as Zhang Yin in Mandarin Chinese, packed her $10,000 savings and headed south to Hong Kong, then a British Colony. She started a business by selling wasted paper from Hong Kong to Chinese paper makers.

Five years later, in 1990, Cheung moved to the U.S and co-founded a company called America Chung Nam Group. Benefiting from surging paper demand from China and rich forest resources in the U.S., Cheung's company shipped wasted paper across the Pacific Ocean from the U.S. to China.

In 1995, she decided to set up a paper-making factory in her hometown -- Guangdong, China's manufacturing hub. Nine Dragons expanded capacity in the next decade and became the largest paper maker in China. Her company went public in a Hong Kong initial public offering in 2006.

Milestones
  • 1957 Cheung Yan is born in Shaoguan, Guangdong province.
  • 1982 She goes to a vocational school to study accounting.
  • 1985 Leaves China for Hong Kong to start a packing firm.
  • 1990 Co-founds America Chung Nam Group in the U.S.
  • 1995 Establishes Nine Dragons Paper Holdings in Dongguan, China.
  • 1999 Invests $110 million for Nine Dragons phase two expansion.
  • 2004 Cheung invests $100 million to further expand company capacity.
  • 2005 Manufacturing base in Taicang, Jiangsu province begins production.
  • 2006 Company sells shares in an initial public offering in Hong Kong.
  • 2008 Nine Dragons set up a joint venture in Vietnam.
  • 2008 Cheung donates $2 million to Sichuan earth quake relief.
  • 2009 Its fourth manufacturing base starts operations in Tianjin.