The Ledger / Zhang Xuexin & family
Zhang Xuexin & family
◼ Origin
Founded Yunnan Shenghe Aluminum Co. and built Yunnan Shenghe Resources Holding Co. into a major Chinese aluminum alloy producer exploiting Yunnan province's low-cost hydroelectric power advantage; the company is listed on the Shenzhen Stock Exchange (SZSE: 002641) and produces aluminum alloys for automotive and construction markets.
◼ Self-Made Verdict — YES
Founded Yunnan Shenghe Aluminum from scratch, exploiting Yunnan's low-cost hydropower advantage; no inherited capital base in the aluminum industry.
◼ Documented marks
01
Controls Yunnan Shenghe Resources Holding Co. (SZSE: 002641), a Shenzhen-listed aluminum alloy producer that benefits from Yunnan province's surplus hydroelectric power — one of China's cheapest electricity sources — giving it a structural cost advantage over coal-powered smelters elsewhere in China.
02
Yunnan's aluminum industry, including Shenghe, has been implicated in China's industrial overcapacity problem; the combination of state-subsidized hydropower and favorable local government treatment has enabled Chinese aluminum producers to undercut global competitors and attract anti-dumping investigations from the EU and US.
03
China's aluminum sector emits approximately 500M tonnes of CO₂ annually (mostly from coal-powered smelters elsewhere); Yunnan's hydro-powered producers like Shenghe are marketed as 'green aluminum,' though upstream dam construction in Yunnan has displaced rural communities and altered river ecosystems.
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
No documented charges yet.
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
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