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Biz: Fu Wah tops list of richest businesswomen

Female entrepreneurs from the Chinese mainland account for almost 60 percent of businesswomen worldwide who have more than $1 billion in assets, according to a report from the Hurun Research Institute. Real estate tycoon Chen Lihua, CEO of Fu Wah International, topped the list with $7.5 billion. Beijing is the preferred city of residence for most of those on the list, followed by Shenzhen, Guangdong province, and Shanghai.