{"id":274425,"date":"2022-07-30T01:12:49","date_gmt":"2022-07-29T20:12:49","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=274425"},"modified":"2022-07-30T01:12:49","modified_gmt":"2022-07-29T20:12:49","slug":"richest-asian-woman-yang-huiyan-loses-half-wealth-in-real-state-crunch","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/richest-asian-woman-yang-huiyan-loses-half-wealth-in-real-state-crunch\/","title":{"rendered":"\u2018Richest Asian woman\u2019 Yang Huiyan loses half wealth in real state crunch"},"content":{"rendered":"<p> BEIJING<br \/>\nAsia\u2019s wealthiest woman lost more than half her fortune over the past year as China\u2019s real estate sector was rocked by a cash crunch, a billionaire index showed on Thursday.<br \/>\nYang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw her net worth plunge by more than 52 percent to $11.3 billion from $23.7 billion a year ago, according to the Bloomberg Billionaires Index.<br \/>\nYang\u2019s fortune took a major hit on Wednesday when the Guang\u00acdong-based Country Gar\u00acden\u2019s Hong Kong-listed shares fell 15 percent after the company announced it would sell new shares to raise cash.<br \/>\nYang inherited her wealth when her father (Country Garden founder Yang Guoqiang) transferred his shares to her in 2005, according to state media.<br \/>\nShe became Asia\u2019s richest woman two years later after the developer\u2019s initial public offering in Hong Kong.<br \/>\nBut she is now barely holding onto that title, with chemical fibres tycoon Fan Hongwei a close runner-up with a net worth of $11.2 billion on Thursday.<br \/>\nChinese authorities cracked down on excessive debt in the property sector in 2020, leaving major players such as Evergrande and Sunac struggling to make payments and forcing them to renegotiate with creditors as they teetered on the edge of bankruptcy.<br \/>\nBuyers across the country, furious at lagging construction and delayed deliveries of their properties, have begun withholding mortg\u00acage payments for homes sold before completion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING Asia\u2019s wealthiest woman lost more than half her fortune over the past year as China\u2019s real estate sector was rocked by a cash crunch, a billionaire index showed on Thursday. Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw her net worth plunge by more than 52 percent to $11.3 billion [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":274434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-274425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Richest Asian woman\u2019 Yang Huiyan loses half wealth in real state crunch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/richest-asian-woman-yang-huiyan-loses-half-wealth-in-real-state-crunch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Richest Asian woman\u2019 Yang Huiyan loses half wealth in real state crunch\" \/>\n<meta property=\"og:description\" content=\"BEIJING Asia\u2019s wealthiest woman lost more than half her fortune over the past year as China\u2019s real estate sector was rocked by a cash crunch, a billionaire index showed on Thursday. Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw her net worth plunge by more than 52 percent to $11.3 billion [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/richest-asian-woman-yang-huiyan-loses-half-wealth-in-real-state-crunch\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-29T20:12:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/07\/62e3490d6675b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"594\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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