China’s Former Richest Man Now Banned from Hong Kong’s Business World

Chinese entrepreneur Li Hejun, who briefly held the title of China’s richest man, was just banned from Hong Kong’s business world.

A Hong Kong court ruled to disqualify Li from being a director or being involved with the management of any Hong Kong listed or unlisted company for eight years. That came as the court found him incompetent and negligent in his duties as chairman of Hong Kong-listed Hanergy Thin Film.