Yao Zhenhua
# Yao Zhenhua

Yao Zhenhua (born 1969/1970) is a Chinese billionaire businessman, and the chairman of Baoneng Group.

## Career

In 1992, Yao founded Baoneng Group, which now has over 40 shopping malls in China.

In February 2017, Yao was banned from China's insurance industry for ten years after a failed takeover bid for Vanke by a Baoneng company, Foresea Life Insurance.

## Personal life

Yao lives in Shenzhen, China.

