Yu Yong is a Chinese businessman whose wealth mainly comes from his holdings in CMOC Group (HKSE: 3993 / SHA: 603993), formerly China Molybdenum, which is one of the world's largest producers of the metal.

He is also a significant investor in the new energy sector, owning a stake in global lithium-ion battery leader CATL. Yu's investment holding firm, Cathay Fortune, is an early investor in Zeekr, an electric vehicle brand under China's automobile giant Geely.

• Core Holding: CMOC Group (formerly China Molybdenum, one of the world's largest producers of the metal).
• Key Investments: Stakes in global leaders CATL and Zeekr (EV brand).
• Major Acquisition: In June 2025, CMOC took Canada-listed Lumina Gold private in a $419 million deal.

Yu Yong's career is defined by his successful execution of strategic investments across key industrial sectors: resource mining, battery technology, and electric vehicles. His structural achievement is tied to his holdings in CMOC Group and the early investment of his firm, Cathay Fortune, in the now-public EV brand Zeekr.

In June 2025, CMOC completed a major resource acquisition, taking Canada-listed Lumina Gold private in a $419 million deal, acquiring the Cangrejos gold-copper project in Ecuador.

• Resource Acquisition: CMOC acquired the Cangrejos gold-copper project in Ecuador.