(FILE)

Liu Chang, the only daughter of Liu Yonghao, Board Chairman of New Hope Group, a leading Chinese agribusiness company in China, was elected chairman of subsidiary New Hope Liuhe Co. Ltd. on May 22.

Born in 1980, Liu Chang attended university in the United States in 1996 and returned to China after receiving an MBA in 2002. She has worked in various positions for the group since while developing her management ability.

Last year, New Hope Group recorded sales revenue of more than 80 billion yuan ($12.7 billion) and it is expected the figure will increase by 10 percent this year.