Five Chinese businessmen from banking, petroleum and steel & iron industries were named the most powerful businessmen in Asia by the new issue of Forbes Asia.

According to Shanghai-based Youth Daily's report, number of Chinese mainland's entrepreneurs on Forbes' list of most powerful businessmen decreased from six to five this year. President of Petro China Chen Geng rose from the 20th to the 4th; Xie Qihua, Chairwomen of the Shanghai Baosteel Group Corp., ranks the 14th; Xiao Gang, Chairman of Board of Directors of Bank of China ranks the 18th.

By People's Daily Online