Speakers Corner

December 30, 2008
FDI is not declining, but changing
Foreign Direct Investment (FDI) has been supporting China's economic reform, but since 2007 its character has been changing, not declining, writes Shanghai-based lawyer Amy Sommers in the Financial Times.
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Hoogewerf, Rupert
Founder and compiler of the Hurun China Rich List

Travels from: Shanghai

Founder and compiler of the Hurun China Rich List, now in its tenth straight year. Curious to know who was behind China's fast-growing private sector, Rupert in 1999 founded the China Rich List with two students from Shanghai's Donghua University, publishing the first four years in Forbes magazine. Since then, the China Rich List has become an eagerly awaited annual event for China's private sector.

A qualified chartered accountant, Mr Hoogewerf was at Arthur Andersen for seven years. He graduated in Chinese and Japanese from Durham University in the UK in 1993.

In 2004, Rupert was named one of the 100 Top Influencers in China's Globalization by Global Entrepreneur magazine. In 2005, China Entrepreneur magazine named the Hurun Report China Rich List as one of the ten most important business events of the past twenty years. In 2002 he was named Person of the Year.

In recognition of his contribution to the understanding of wealth creation in China, Hoogewerf was awarded the prestigious"2002 Person of the Year" by Newweekly magazine. Other winners have included Bora Milutinovic (2001), the coach who steered the Chinese soccer team to its first World Cup Finals; Zhong Nanshan (2003), the SARS whistleblower; Liu Xiang (2004), China's first Olympic gold medalist on the track; Li Yuchun (2005), winner of China's inaugural Super Girl, the Chinese equivalent of Idols in the US; and Yi Zhongtian, for his reinterpretations of Chinese classics.

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