Solar energy tycoon Peng Xiaofeng, with a personal wealth of 27 billion yuan, was No4. He was No6 on last year’s list.Shi Zhenrong, another solar energy developer from Jiangsu province, soared up to 8th from 25th last with a personal wealth of 21.5 billion yuan.Totally, there were 22 solar energy tycoons listed, compared with 9 last year.

The report says that their achievement proves China’s ability and potential in alternative energy exploitation.

On Monday, the list’s top 3 were revealed by the publishers. They respectively were 39-year-old appliance and property developer Huang Guangyu, steel tycoon Du Shuanghua and last year’s No 1 Yang Huiyan.

As the gloomy situation sustained in the stock and property markets, more than half the China’s richest suffered the wealth loss-by 22 percent from last year on average- while 20 percent made some small gains.

Despite, China still has 101 billionaires and listed 1,000 or more names with more than 700 million yuan personal wealth.

88 woman entrepreneurs were listed.0.7 percent more than last year.

The youngest billionaire was 20-year-old Wu Qun coming from Jiangsu province. He runs a medical firm with his father and now is worth 1.1 billion yuan.

The oldest was Yu Pengnian who is currently worth 2 billion yuan. He is a property and hotel tycoon.

Yu is also the most generous billionaire who has donated more than 300 million yuan for the healthcare and education sector until now.

Yao Ming, the NBA star, ranked 987th with a personal wealth of 700 million yuan. He earned $15 million from the 08-09 sports season besides advertising incomes.

Most billionaires spring up from Zhejiang, Guangdong and Jiangsu provinces, while most made their headquarters in Guangdong, Zhejiang, and Shanghai.

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Forty-five countries were evaluated in the study, which occupying 89.5 percent of the global GDP, 76.6 percent of the population and 64.2 percent of the land. According to their indexes, they were placed into four categories: “surplus healthy”, “qualified healthy”, “sub-healthy” and “health deficit”. Doe to its pioneering spirit, sense of responsibility, economic vitality and cohesion, China ranked No 1 among developing countries.

As what Yang said, China is unique because it has adopted a distinctive development process, and its uniqueness lies in its making great efforts to developing its power, rather than wealth, in its early years. From 1950s and 1960s to the reform and opening-up, people shifted their priorities from developing advanced sectors, such as nuclear power generation to generating national and per-capita wealth. Seeing the environmental problems, government and people focus their awareness on pursuing sustainable development, which has made it healthier.

“If we work to strengthen our capacities for responding to national risks, controlling the course of development, creativity, and resource and environment protection our country would move up the list,” Yang said.

Appliance and property tycoon Huang Guangyu, a 39-year-old entrepreneur with assets estimated at 43 billion yuan ($6.3 billion) tops the list of China’s 1,000 wealthiest individuals compiled by Shanghai-based analyst Rupert Hoogewerf.

Huang, who controls appliance chain Gome and had topped the list in years past but ranked fourth last year, displaced Yang Huiyan, who last year led the list with a fortune about at 130 billion yuan ($ 19 billion).

This year Yang, 27, ranks third, with 33 billion yuan ($4.9 billion), Hoogewerf said.

Du Shuanghua was on the second place of the list. Du, a 43-year-old steel tycoon whose wealth is estimated at 35 billion yuan ($ 5.1 billion) did not figure in the top 10 last year.

The remaining names on Hoogewerf’s list are due to be announced today.

Last year, the fortunes of many of China’s billionaires swelled as stock prices soared to record highs, with the benchmark Shanghai Composite Index surging to 6124.04 in mid-October.

Since then, share prices have fallen in a prolonged correction, with the benchmark index now nearly 65 percent below that peak. Property prices have also fallen, although not by as much.

Last year, the top three on the list had $35 billion wealth while this year, their fortunes less than half that, $16.3 billion.

The broader trends in the economy are often reflected by the ups and downs of China’s newly minted billionaires and millionaires.

Yang’s fortune was given by the ownership of a controlling stake in Country Garden Holdings Ltd, a southern China real estate developer founded by her father.

The company’s initial public offering in Hong Kong in April 2007 raised some $1.9 billion and its stock price more than doubled in value to HK$ 13.50 a share in the months that followed. Yesterday, the company’s shares fell 8.1 percent to HK$2.26.

Huang, the appliance mogul, has managed to avoid being involved in the market turmoil by selling off shares in his private holding company to the company’s publicly-listed unit. Last year he had about 45 billion yuan wealth.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.