Liu Yonghao on Business Philosophy

Liu Yonghao — founder profiled in the Chinese Founder Ledger — is documented as follows: former technical-school teacher who, with three brothers, quit government jobs in 1982 to raise quails and chickens, later founding the animal-feed business that became New Hope Group -- now China's largest animal-feed producer -- and co-founding China Minsheng Bank. The profile is grounded in the 1 sources indexed for this founder.

In 1992, Liu and his brothers moved into the animal feed business and founded Hope Group, which by 2010 had become the largest animal-feed group in China.

Liu told the Financial Times in 2011 that he was focused on organizing peasant farmers into roughly 100 agricultural cooperatives and setting up underwriting companies to help them obtain loans, framing his business as a tool for rural industrialization.