Who is the 2010 richest people in China ?

Hurun Research Institute through Hurun Report on October 12, 2010 released the Hurun Rich List 2010, the annual ranking of the richest individuals in China. Ranked about 1,363 individuals with personal wealth of US$150 million, it put Zong Qinghou & family at the top of #1 with US$ 12 billion wealth.

Zong Qinghou, born 1945 is the founder and CEO of the Hangzhou Wahaha group, the leading beverage company in China.

As reported by Telegraph.co.uk on September 29, 2010, Mr Zong founded Wahaha, which means "Laughing Baby" in Chinese, in 1986 as a small grocery shop in a school in the eastern city of Hangzhou. This year the company, which is privately held, announced a sales target of 70bn yuan. Wahaha's fruit-flavored milk drinks have become staple products. Read more : Zong QingHou named as China's richest man 

Spotted at the second place was Li Li & family with the moneybags of US$6 billion. He and his wife Li Tan along with her cousin Shan Yu were the founders of Shenzhen Hepalink Pharmaceutical Co. in 1998 and went public in May 2010.

As reported by Bloomberg on May 6, 2010, Hepalink, the world's biggest maker of the blood-thinner heparin, climbed to 175.17 yuan on the Shenzhen stock exchange from its initial public offer price of 148 yuan. Today's 18 percent gain values Goldman's stake, bought for $4.9 million in 2007, at more than $1 billion. The IPO price was the highest by any company in China, helping Hepalink raise 5.9 billion yuan ($864 million) to expand production capacity to supply clients including Paris-based Sanofi-Aventis SA. Read more : Goldman Gets 235-Fold Return on Hepalink in Stock Trading debut

According to Hurun Report, this is the first time a pharmaceutical tycoon has made it into the Top Five of the Hurun Rich List.

Following, seated at #3 of the Hurun Rich List with the moneybags of US$ 5.6 billion was Zhang Yin, the founder and director of Nine Dragons Paper Holdings, a recycling company and the biggest paper maker company in China. In October 2006, she became the first woman to top the list of richest people in China published by Hurun Report.

Amongst the top ten, positioned at #4 was Liang Wen'gen of Sany with US$ 5.4 billion of wealth . While Robin Li Yanhong, the founder of China's most popular search engine Baidu.com seated at #5 with US$ 5.3 billion of moneybags.

Read further the complete list from hurun.net : Zong QingHou of Wahaha Tops Hurun Rich List 2010

The story of Bai Fang Li, a poor pedicab driver who donated 350,000 yuan in his poverty

If a poor donate from his poorness, then he must be an angel, a heaven occupant sent into the world, to teach us for always be grateful and share with others.

This is the story of a poor pedicab driver of Tianjin, China, a generous honorable old man named Bai Fangli, who passed away on September 23, 2005 at the age of 93 in a hospital.

Starting to donate to an orphanage in 1987, when he was 74 years old and retired from his pedicab driving job, after witnessing a poor 6 years old kid who worked hard helping people at the market to earn some money. At 2001,  he gave his latest donation of 500 RMB. China.org.cn wrote that “In 2001, he drove his pedicab to Tianjin YaoHua Middle School, to delivering his last installment of money. Nearly 90 years old, he told the students that he couldn’t work any more. All of the students and teachers were moved to tears”.

Until his latest donation, he had donated 350,000 RMB, supported 300 poor students using the money he earned from his job as a trishaw puller.