Zhang Hongwei was born in Beijing, China, China. Zhang chairs Union Energy Group, making him one of few China entrepreneurs to have substantial oil interests. United Energy acquired the upstream operations of BP in Pakistan for $775 million in 2011, and has since increased production there. The shares have declined at the Hong Kong Stock Exchange in the past year on weak global oil prices. The energy business is part of a diversified Zhang empire that extends from retailing to finance.
Zhang Hongwei is a member of Diversified