The Ledger / Li Hua
Li Hua
◼ Origin
Li Hua founded Excellence Real Estate Group (卓越集团 / Zhuoyue Group) in 1996 in Shenzhen, growing it into one of the city's major commercial and residential property developers with significant holdings in the Qianhai Special Economic Zone. The company pursued Hong Kong-listed commercial real estate investment trust structures and expanded into central Shenzhen. Li Hua ranked among China's wealthiest individuals with approximately RMB 24.8 billion (~$3.7 billion) on the 2018 Forbes China Rich List. He was detained in January 2019 in connection with a CCDI anti-corruption investigation into a Shenzhen government official.
◼ Self-Made Verdict — YES
Founded Excellence Real Estate Group in 1996 in Shenzhen with no documented inherited capital, building it into a major developer through his own initiative in a highly competitive market.
◼ Documented marks
01
Founder and chairman of Excellence Real Estate Group (卓越集团), a Shenzhen-based property developer established in 1996 with major holdings in Qianhai and central Shenzhen.
02
In 2014, Excellence Real Estate spent RMB 15.7 billion acquiring three commercial land plots in or near Qianhai, one of Shenzhen's most strategically valued economic zones.
03
Excellence Real Estate pursued Hong Kong listing for its commercial properties arm as a REIT structure, reflecting the scale of its institutional holdings.
04
Li Hua was detained by Chinese authorities in January 2019 to assist in a CCDI investigation of Shenzhen deputy party chief Li Huanan, who was placed under investigation for alleged abuse of power in land acquisitions.
05
Excellence Real Estate participated in urban renewal projects in Guangming district where Li Huanan held concurrent government roles, raising documented questions about preferential land-deal access.
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
Total sentence
0–0 years
That is
0.0–0.0 life sentences
(using 78 years as one life)
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
More ledger entries