Wang Chuanfu's family from BYD Co. Ltd takes the first spot as the richest family in China's new energy sector with a wealth of 18.9 billion yuan, according to an annual ranking of family wealth by Money Week, a Chinese wealth management journal.

Wang's family was followed by Fang Wei's family from Fangda Carbon New Material Co., Ltd. and Sun Guangxin's family from Xinjiang Guanghui Industry Co. Ltd on the new energy rich list.

The new energy sector here covers low-carbon economy, environmental-protection conception, new energy, wind energy, hydrogen energy, lithium battery, waste power generation, green lighting, CDM projects, clean coal power generation, solar power generation, nuclear power generation, new coal chemistry industry, new materials, new energy automobile, architecture energy saving, rare earth permanent magnet and coal-bed methane.

Apart from the list of rich families in the new energy sector, Money Week also published a general ranking of rich families in China together with another six other sub lists including an information technology rich list, a bio-technology rich list, a manufacturing rich list, an overseas rich list, a real estate rich list and a new rich list.

A total of 23,179 Chinese families were included on Money Week's lists this year. The top 10 richest families in the new energy section in China are:

Following are the top 10 richest families:

Chen Xiaxin & family 陳夏鑫家族

Company: Hangzhou Boiler Group Co., Ltd. 杭州鍋爐集團(tuán)股份有限公司

Shares: 67.4%

Wealth: 6.8 billion yuan (US$1.06 billion)

Hangzhou Boiler Group Co. Ltd. is a large comprehensive enterprise engaged in the consultation, R&D, production, sales and installation of boiler, pressure vessel and environment protection equipment as well as other businesses. It was founded in 1955 with the name of Hangzhou Boiler Factory. The sales revenue of the company increased from 200 million yuan in 2002 to 3.3 billion yuan in 2010. Its products have been exported to a dozen overseas countries including the US, Japan, Thailand, India and Brazil. The company was listed on the Shenzhen Stock Exchange in January, 2011.