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

Wednesday

Dec 2024

Athens 10°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

Christmas with rain, snow, and a drop in temperatures – The “Elena” weather front in progress

December 25, 2024

Greek Kourabiedes among 10 best cookies in the world

December 25, 2024

The Ancient Greek roots of Christmas celebrations

December 25, 2024

Concern over the next major volcanic eruption: We are not prepared for the chaos it will cause

December 25, 2024

Meloni: The transfer of asylum seekers to Albanian centers will resume in January

December 24, 2024

Turkish games with the Cypriot EEZ – Athens and Nicosia on alert

December 24, 2024

NASA: Parker Solar Probe spacecraft gets closer to the Sun than ever before

December 24, 2024

Students of the Greek Community of Melbourne Schools bring Christmas to Fronditha Care

December 24, 2024

All News

> Culture

Greek Kourabiedes among 10 best cookies in the world

Keep away if you are considering starting a diet...

December 25, 2024

The Ancient Greek roots of Christmas celebrations

December 25, 2024

Evros: Reviving the custom of the “nine foods” for abundance on the table all year round

December 24, 2024

Palermo: The Byzantine mosaics of the cathedral have been restored – They are the second best after the Hagia Sophia

December 23, 2024

The Argo Film Festival returns for its 14th year in Volos!

December 22, 2024

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

Greek Kourabiedes among 10 best cookies in the world

Keep away if you are considering starting a diet...

The Ancient Greek roots of Christmas celebrations

Evros: Reviving the custom of the “nine foods” for abundance on the table all year round

Palermo: The Byzantine mosaics of the cathedral have been restored – They are the second best after the Hagia Sophia

The Argo Film Festival returns for its 14th year in Volos!