Monday, September 10, 2007

Zhang Yin

China's nouveau riche have a reputation for being flashy, but Zhang exudes the plain-speaking confidence that has helped triple the share price of Nine Dragons since its public listing in Hong Kong in March. The only signs of her wealth are a discreet but still stunning diamond ring on her right hand and a large but elegant deep blue sapphire and diamond necklace. Her unvarnished but manicured nails punch the air energetically as she emphasises her points. No, she says, she isn't worried about the extra scrutiny that topping China's rich list brings, which has seen other Chinese tycoons brought down by scandal, unpaid tax and corruption investigations.

"I'm not afraid of being No. 1. As a listed company everything at Nine Dragons is transparent. As I explained to you ... accumulated my fortune by arduous work, penny by penny."

Author(s): Mary-Anne Toy
Section: News And Features; News Review
Publication title: Sydney Morning Herald. Sydney, N.S.W.: Nov 11, 2006. pg. 29

"Fifty years is a short period for an enterprise. Who will own the right to use the land 50 years later?" Zhang asked.

She suggested that enterprises that meet certain requirements should be able to extend their contracts without going through lengthy and complicated application procedures.

In another proposal, Zhang called for a reduction of value-added tax (VAT).

"China's VAT of 17 percent is much higher than it is in neighbouring countries, such as Vietnam, where the VAT ranges between 5 percent and 10 percent," Zhang said. "That is not helpful to maintain the competitiveness of Chinese products in international markets."

Author(s): Lu Haoting and Song Lijun
Publication title: China Daily. (North American ed.). New York, N.Y.: Mar 8, 2007. pg. 6

Ideas: powerful and influencial without being corrupt or scandalous, elegant but not flashy, energetic and hard working, looking for stability instead of instantaneous riches, interested in long term financial security, honesty and trust, inspirated to change and enhance China's productivity,

No comments: