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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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.
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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Founds a small chemical fiber factory (Founding).
Hengli Group expands aggressively into polyester and chemical fibers (Industrial Milestone).
Hengli executes a major move into oil refining and petrochemicals (Strategic Vertical Integration Apex).
Continues as Founder and Executive Chairman, guiding the massive industrial giant (Executive Oversight).
Miao Hangen's wealth is concentrated in his founding and controlling ownership of the private industrial giant, Jiangsu Hengli Group Co., Ltd..
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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.
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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+0.06% | +$0.68M
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This profile is compiled from verified biographical and financial records:
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