The man fired earlier this year from compiling Forbes' list of the richest 100 Chinese said yesterday he would be producing a rival list with the help of Euromoney.
Rupert Hoogewerf, 33, said he and Euromoney would this autumn publish the China Rich List, in English and Chinese, as the first step towards what they hoped would be a regular magazine.
Between 1999 and 2002, Mr Hoogewerf compiled the Forbes 100 richest Chinese list that is widely quoted in the domestic and foreign press but is reviled by many of those on it who regard it as inaccurate and dangerous, with several of those named in prison, exile or dead.
On Monday, Shanghai tycoon Ye Lipei, named as sixth on the list last year, said that he was very angry about it, that the data was unreliable and had not been confirmed with him and his company.
'We do not need such publicity,' Mr Ye said.
Among the top 10 of the past two years, Yang Bin goes on trial next week in Shenyang for corruption and fraud, facing a possible life sentence, and Yang Rong is in exile in the United States, after losing a bitter legal battle to save what he regards as his assets in China.
Shanghai tycoon Chau Ching-ngai, whose detention was announced this week, was 11th on the list last year.