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 In the Hurun Rich List 2008 issued in this October, Huang Guangyu, Chairman of Gome Electrical Appliances Holdings, was ranked NO.1 with the fortune of 43 billion Yuan (USD 6.14 billion). However, he was said to be detained on November 19 by the public security authority. This news had not been approved by Gome by November 24. On November 27, the News Office of Beijing Public Security Authority confirmed this news.
 
It was said that Huang was detained on suspicion of market manipulation, illegal capital operation and bribery. According to the report of China's state-run magazine Finance, Huang's suspicion of market manipulation was to manipulate the stock price of Shandong Jin Tai Group Co. held by his elder brother. Huang Junqing was the initiator of New Handsome Joint Group and purchased Shandong Jin Tai Group Co. on December 2001. Then the stock price of this company suffered upsurge and slump, like a roller coaster.
 
Gome was founded in 1987 and gradually became the largest retail enterprise of the household appliances. It was listed in Hong Kong in 2004. Huang's detention, if true, would bring negative influence upon Gome. Gome Electrical Appliances Holdings, were also suspended on November 24, according to a statement from the firm to the city's stock exchange.
 
In 2006, Huang Guangyu and his brother were investigated by China's public security authority for their illegal loans at the start of their business. But this investigation was cancelled later.
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