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Home >> Business
UPDATED: 14:48, September 15, 2006
Li Ka-Shing ranked 1st in Asia's Top 100
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From a questionnaire of Asian economists and market observers conducted by Asiamoney, a list of the most 100 most powerful and influential people in Asia this year was compiled. Li Ka-Shing is the number one magnate in Hong Kong, followed by Ho Ching, Executive Director and CEO of Temasek Holdings. The list includes 5 Taiwanese (Wang Yung-Ching, Morris Chang, Terry Gou, Tsai Hon-Tu and Jeffrey Koo Snr) and 16 people from the mainland.

According to reports from Taiwan, Asiamoney used a weighted criteria to rank each candidate: the ability to directly influence financial markets across Asia; the power to make major strategic and/or portfolio investments; the ability to move markets in a country; the impact they have on their country's economy; their personality and potential as role models; and the relative importance of the sector in which they operate. Once all these criteria had been considered, the top 100 list was drawn up.

Asiamoney surmised that the growing economy of mainland China had an important impact on financial professionals in Asia, with 16 entries on the list, including Zhou Xiaochuan, Governor of the People's Bank of China in fifth place, Liu Mingkang, Chairman of the China Banking Regulatory Commission in sixth place, and Shang Fulin, Chairman of the China Securities Regulatory Commission coming in at ninth. There are five Chinese entries in the top 10, including Li Ka-shing and Ho Ching.

There are 13 Japanese ranked, with central bank governor Toshihiko Fukui the highest-placed in third spot, Hiroshi Okuda, Director of Toyota Motor Corporation, is in tenth place, and Masayoshi Son, President and CEO of Softbank, in 21st place.

There are 10 people from Hong Kong on the list, including four property magnates, counting the Kwok family of Sun Hung Kai Properties collectively and Macau's Stanley Ho Hung-sun of Shun Tak Group.

Taiwan is also well-represented with five entrants led by Wang Yung-ching, Founder of Formosa Plastics, ranked 12th, Morris Chang, Founding Chairman of Taiwan Semiconductor Manufacturing Company in 19th place, Terry Gou, Chairman and CEO of Hon Hai Precision Industry in 87th. In the finance industry, Tsai Hon-tu, Chairman of Cathay Financial Holdings, is ranked 63rd, while Jeffrey Koo Snr, Founder and Chairman of Chinatrust Financial Holdings Company, is ranked 92nd.

Only three women have made the list this year. Temasek's CEO, Ho Ching (the wife of Singapore's Prime Minister, Lee Hsien Loong), has impressively claimed second place in the rankings, while Hu Xiaolian, Deputy-governor of the People's Bank of China, comes in at 17th, and Bank Negara Malaysia's governor, Zeti Akhtar Aziz, is in 36th place.

By People's Daily Online

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