Friday 2 March 2018

Wealth of China's richest lawmakers rises by a third: Hurun

BEIJING (Reuters) - The richest members of China's parliament and its advisory body have grown even richer, a body that tracks wealth in China said on Friday.

Led by National People's Congress (NPC) delegate Ma Huateng, the chairman of tech giant Tencent Holdings Ltd, with a net worth of 295 billion yuan ($46 billion), the top 100 representatives had a total net worth of 3.91 trillion yuan, the Shanghai-based Hurun Report said.

Their total wealth rose by one-third over the 12 months to Jan. 31, according to Reuters' calculations based on Hurun's data.

While Chinese President Xi Jinping has led a crackdown on corruption and made the fight against poverty a priority, representatives of the NPC and the Chinese People's Political Consultative Conference (CPPCC), an advisory body to the government, include some of the communist-ruled country's wealthiest businessmen.


Source : Yahoo

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