title: Yao Zhenhua
text: # 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.
  
  