One of the gifts ... a Porsche wrapped in red ribbons. Photo: Screen grab

In recent years, the billionaire entrepreneurs of Jinjiang have competed for bragging rights over who can amass the largest dowry. According to one Hong Kong news, marrying a girl from Jinjiang is better than robbing a bank.

On the Chinese internet, the news of Mr Wus generosity inspired a mixture of astonishment, jealousy and congratulation.

The Daily Telegraph, London

Wu Ruibiao, 54, included as part of his largesse four boxes of gold which were placed on his daughters bed as well as a Porsche and a Mercedes-Benz, which were handed over draped with red ribbons.

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JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My ComBetter than robbing a bank billionaire gives $156m dowry for daughters wedding_ Wedding Giftsments and user settings.

An eight-day public wedding banquet began last Friday.

A bank account has been opened with an initial deposit of 20 million yuan ($3.086 million) and five million shares in Mr Wus company, Wedding Gifts Wanli, with an estimated value of 100 million yuan ($15.434 million), were transferred.

Miss Wu then studied first at Xiamen University and then in the UK.

And he gets his bread from the government. As parents, we certainly want our childs life to be more stable than our lives as entrepreneurs. And it was te, too, she added.

Mr Wu also gave 15 million yuan to two local charities,new york asian escorts for good luck.

The full extent of Mr Wus wealth is unknown. According to company records, he drew a salary of 12.000 ($18.767) last year. His daughter is already on the board of his tile company and recently masterminded a stock market listing in Korea.

Added to the gifts are a list of properties, including several villas and a shop in Quanzhou city.

Mr Wus wife also gave her blessing to the union. He [the groom] is an outstanding young man, she said.

Mr Wus daughter, who has not been named, married her childhood sweetheart, a local government official called Xu from Jinjiang, an entrepreneurial city on Chinas south coast, according to the Straits News news.

Lucky bride ... Wu Ruibiaos daughter. Photo: Screen grab

Additional reporting by Valentina Luo

A spokesman for Wanli confirmed the size of Mr Wus dowry to the South China Morning Post, but said that the banquet was unlikely to last for eight days and that the businessman was keen to keep things .

You think this businessman is stupid? This is purely self-publicity. He will not spend a cent on advertising and gets all this media coverage.

But the generosity of the ther did not end there.

A Chinese kitchen and bathroom tile magnate has sent his daughter up the aisle with a dowry of more than one billion yuan ($156.37 million).

Zhao Wei, an entrepreneur who manages a hotel chain and has 12,000 followers on Sina Weibo, Chinas version of Twitter, said: You think this businessman is stupid? This is purely self-publicity. He will not spend a cent on advertising and gets all this media coverage.

Miss Wu and Mr Xu were classmates from nursery school until they left high school at 18.

In November 2011, another Jinjiang billionaire, Xu Liajie, bestowed a dowry of 200 million yuan on his daughter. Wu Jingbiao, another textile tycoon, endowed his daughter with a similar sum when she married last month.