Ningbo entrepreneur first in China to own an entire island

Category: Ningbo Business
Published: Friday, 11 November 2011 08:20

Huang Yimin
A heretofore unknown Ningbo businessman has been catapulted into the media limelight for becoming the very first person in China to own an entire island. Huang Yimin (黄益民) coughed up 3.44 million yuan ($540,000) on Tuesday to own the property rights of the island for 50 years.

Global Times reports:

Huang Yimin, the head of tourism company Xiangshan Marine Travel In Holiday, was granted the certificate of use right for Danmenshan Island in Ningbo by officials from both the State Oceanic Administration and the Zhejiang Province Ocean and Fisheries Bureau on Tuesday. He said he would develop the island into a tourism resort, according to CNR.

"We started to manage and develop the island in 2009, and we are developing a new tourism program - island hunting. So, we are raising game animals such as wild boar, goats and pheasants in the hunting area," a staff member surnamed Gu with Huang's company told the Hangzhou-based Qianjiang Evening News.

Gu added the number of tourists on the island will be limited to fewer than 200 every day to protect the island and to ensure safe hunts, the Qianjiang Evening News reported.

Earlier this year, Chinese tycoon Huang Nubo (no relation) made international headlines for his plans to buy up 300 square kilometers of Island.