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Miao Hangen

Miao Hangen

M. Hangen
1.14% | + $53.96M
$4.78 B ₹ 43,442 Cr
Real Time Net Worth #880 Ranking as of 21 Feb 2026 By Forbes

More on Miao Hangen

Gender

Male

Age

60Y

Country

China

Born On

August, 1965

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Petrochemicals)

Primary Organization

Shenghong Holding Group

Titles

Chairman

Sources of Wealth

Shenghong Holding Group

Industry

Petrochemicals, Textiles, Energy, Manufacturing

About Miao Hangen


M iao Hangen is a Chinese industrialist and the chairman of Shenghong Holding Group, a massive and diversified private conglomerate with core interests in petrochemicals, textiles, and energy. He started his business in the early 1990s, founding a small printing and dyeing mill in his hometown of Wujiang. Through relentless ambition and a series of massive investments, he vertically integrated his business on an epic scale.

He expanded from textiles downstream into the production of polyester fibers and then moved even further upstream into the highly capital-intensive petrochemical industry. The centerpiece of his empire is a multi-billion dollar integrated refining and petrochemical complex, which allows his company to control the entire production chain from crude oil to finished textiles. This strategy has transformed Shenghong into one of China's largest private companies and a global force in the chemical fiber industry. His vast fortune is derived from his ownership of this sprawling industrial enterprise.

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Quick Reads


  • Chairman of the diversified conglomerate Shenghong Holding Group.
  • Started his business as a small textile printing and dyeing mill in the 1990s.
  • Vertically integrated his company to become a petrochemical and refining giant.
  • Shenghong is one of China's largest private companies.
  • His empire controls the entire value chain from crude oil to finished textiles.

Early Life and Background


Miao Hangen is a Chinese businessman, the self-made billionaire Founder and Executive Chairman of Jiangsu Hengli Group Co., Ltd., a massive, privately held conglomerate specializing in polyester, chemical fibers, and petrochemicals. His career is rooted in the high-capital industrial manufacturing and energy sectors.

Miao's entrepreneurial journey began humbly with a small chemical fiber factory in 1994 in Suzhou, Jiangsu Province. His philosophy centers on vertical integration (controlling the entire process from oil refining to chemical fiber and textile output), industrial scale, and long-term asset hold in the strategic chemical and textile sectors.

  • Jiangsu Hengli Group (Founder & Chairman): The core private asset, a massive conglomerate spanning polyester, chemical fibers, and petrochemicals (a key player in China's industrial base).
  • Industrial Focus: His success is built on scale manufacturing and vertical integration across the chemical and textile supply chains.
  • Investment Strategy: His philosophy is rooted in long-term investment in essential industrial commodities and leveraging the massive Chinese manufacturing and export ecosystem.
  • Global Reach: Hengli Group is one of the largest chemical fiber producers in the world (with revenue in the tens of billions of dollars).

Career Journey of Miao Hangen


Miao Hangen's strategic genius was his commitment to vertical integration. Under his leadership as Chairman, Hengli Group expanded aggressively, successfully integrating oil refining (a major, high-capital move) to secure the raw materials for its downstream polyester and textile manufacturing. His structural contribution is immense: pioneering the massive industrial scaling of petrochemical and textile production in China, making it a foundation of the global manufacturing supply chain.

His wealth is secured by the colossal, long-term, stable profitability of the global petrochemical, polymer, and industrial manufacturing sector.

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Miao Hangen's Timeline


1994:

Founds a small chemical fiber factory (Founding).

2000s:

Hengli Group expands aggressively into polyester and chemical fibers (Industrial Milestone).

2010s:

Hengli executes a major move into oil refining and petrochemicals (Strategic Vertical Integration Apex).

Ongoing:

Continues as Founder and Executive Chairman, guiding the massive industrial giant (Executive Oversight).

Major Business Ventures and Investments


Miao Hangen's wealth is concentrated in his founding and controlling ownership of the private industrial giant, Jiangsu Hengli Group Co., Ltd..

  • Jiangsu Hengli Group (Founder & Chairman): The core private asset, a massive conglomerate spanning polyester, chemical fibers, and petrochemicals (a key player in China's industrial base).
  • Industrial Focus: His success is built on scale manufacturing and vertical integration across the chemical and textile supply chains.
  • Investment Strategy: His philosophy is rooted in long-term investment in essential industrial commodities and leveraging the massive Chinese manufacturing and export ecosystem.
  • Global Reach: Hengli Group is one of the largest chemical fiber producers in the world (with revenue in the tens of billions of dollars).

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Philanthropy and Social Impact


Miao Hangen's social impact is structural, stemming from Hengli Group's role as a massive industrial employer (thousands of jobs) and foundational supplier of essential chemical and textile materials for global manufacturing. The company contributes significantly to China's industrial output and technological capacity. His personal philanthropy supports various community and educational initiatives.

His structural contribution is tied to the successful industrialization and vertical integration of China's strategic petrochemical and textile sectors.

Fashion, Style, and Lifestyle


Miao Hangen maintains the professional, pragmatic style of a Chinese industrial executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic reflects serious authority and stability, typical of a leader in the high-capital chemical and energy sectors.

Residing in Suzhou, China, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, manufacturing precision, and the long-term, stable growth of the petrochemical and textile empire.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the founder and Chairman of Jiangsu Hengli Group, a major integrated petrochemical and textile giant.
  • His company successfully achieved vertical integration from oil refining to polyester and textile output.
  • Hengli Group is one of the largest chemical fiber producers in the world.
  • He started his first factory in 1994.
  • His wealth is estimated in the billions of dollars (2025 estimate).
  • He is known for maintaining a private profile despite his vast corporate interests.
  • His philosophy emphasizes industrial scale and vertical supply chain control.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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