How one of China's richest lost 15 bn. USD in an hour

Tuesday

Feb 2026

Athens 16°C

> Economy

How one of China’s richest lost 15 bn. USD in an hour

The stock trade was frozen due to the imminent presentation of confidential information on the company

Newsroom May 23 03:11

Li Hejun, one of the richest men in China and president of Hanergy (solar panel company) saw his company and fortune wrecked when his stocks plummeted by 47% within just an hour of trading in the Hong Kong stock market.

The value of his company thus dropped by 18.6 billion USD and his personal fortune was diminished by 15 billion, according to CNBC.

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Lufthansa’s message to the Hellenic Police about 16-year-old Laura: “She traveled alone to Germany; we have no further information”

February 3, 2026

Heavy weaponry and explosive materials found in an old sheepfold near Voriza

February 3, 2026

Two arrests for sabotage of German navy warships – One suspect is a Greek from Thrace

February 3, 2026

National Baccalaureate: Panhellenic exams are not abolished – Implementation begins in the 2027–2028 school year

February 3, 2026

Greece and Italy form a joint front against the illicit trafficking of cultural property

February 3, 2026

Online auctions for beaches and coastal areas begin

February 3, 2026

Authorities in Iran arrest 139 foreign nationals during the protests

February 3, 2026

Wales: Volunteers wanted to live on a remote island for 3 months counting Puffins

February 3, 2026

All News

> World

Two arrests for sabotage of German navy warships – One suspect is a Greek from Thrace

Arrests made in Hamburg and a village near Komotini – suspects poured more than 20 kilos of gravel into an engine and caused damage to water pipes and fuel tanks

February 3, 2026

Authorities in Iran arrest 139 foreign nationals during the protests

February 3, 2026

Spain bans social media for children under 16

February 3, 2026

France: Paris prosecutor’s office investigation into X’s premises, algorithm interference under investigation

February 3, 2026

Reza Pahlavi: Calls for global protests on 14 February against the regime in Iran

February 3, 2026

Homepage

> Economy

How one of China’s richest lost 15 bn. USD in an hour

The stock trade was frozen due to the imminent presentation of confidential information on the company

>Related articles

Ask me anything

> Latest Stories

Two arrests for sabotage of German navy warships – One suspect is a Greek from Thrace

Arrests made in Hamburg and a village near Komotini – suspects poured more than 20 kilos of gravel into an engine and caused damage to water pipes and fuel tanks

Authorities in Iran arrest 139 foreign nationals during the protests

Spain bans social media for children under 16

France: Paris prosecutor’s office investigation into X’s premises, algorithm interference under investigation

Reza Pahlavi: Calls for global protests on 14 February against the regime in Iran