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From Wikipedia, the free encyclopedia

Zhang Shiping
Born(1946-11-25)25 November 1946
Died23 May 2019(2019-05-23) (aged 72)
ResidenceBinzhou, China
EducationAnhui University of Finance and Economics
OccupationCEO, China Hongqiao Group
Known forFounder, Weiqiao Textile
Net worth$5.9 billion (July 2017)[1]

Zhang Shiping (Chinese: 张士平; 25 November 1946[2] – 23 May 2019)[3] was a Chinese businessman. He oversaw the rise of China Hongqiao Group into the world's biggest aluminum producer[4] and was dubbed China's "Aluminum King"[5]. On May 23, 2019, Zhang died of an unspecified illuness according to the official announcement of his hometown Zouping county in Shandong province.[5]

Early life

Zhang Shiping was born in 1946.[6] He received a degree in cotton testing from Anhui University of Finance and Economics.[7] He joined China's national campaign of sending youth to countryside at 19.[7]


Zhang Shiping founded Weiqiao Textile, the world's largest cotton-textile maker, which is now headed by his daughter Zhang Hongxia.[1]

In 1981 when Zhang was 35, he was made general manager of Zuoping's No. 5 Cotton Ginning plant. In 1994, he and other managers established their own cotton -processing business called Weiqiao Textile Co..[7] It eventually became the world's largest cotton-yarn and denim maker and went public in Hong Kong in 2003.[7] Zhang decided to move to aluminum production, a completely new business, by then. That led to aggressive expansion of the company who was later renamed China Hongqiao Group Ltd..[7] Hongqiao later overtook Russian titan United Co. Rusal and China's SOE Aluminum Corp. of China Ltd. to become the largest producer in the world[7][4] and was listed in Hong Kong in 2011.[4] According to Forbes estimates, Zhang's net worth is $4.7 billion, ranking 484th in Forbes Billionaires 2019 list.[4]

Personal life

He was married with three children and lived in Binzhou, China.[1]


  1. ^ a b c "Zhang Shiping". Forbes. Retrieved 28 July 2017.
  2. ^ "*ST鲁丰:于荣强拟19.95亿元出让控股权 张士平成新实控人-公告解读-上市公司-上海证券报·中国证券网". Retrieved 26 May 2019.
  3. ^ "山东魏桥创业集团创始人张士平逝世,享年73岁". Retrieved 26 May 2019.
  4. ^ a b c d "China aluminum magnate Zhang Shiping dies aged 73". Reuters. 24 May 2019. Retrieved 26 May 2019.
  5. ^ a b "China's 'Aluminum King' Dies at 72 - Caixin Global". Retrieved 26 May 2019.
  6. ^ "China Rich List 2014". Hurun. Retrieved 23 February 2015.
  7. ^ a b c d e f Cang, Alfred (23 May 2019). "Bloomberg: Chinese Tycoon Who Shook Up Global Aluminum Industry Dies at 73".

This page was last edited on 15 October 2019, at 00:50
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