Li Xiaopeng (; born May 1959) is a former Chinese banker and politician who served as

party secretary In politics, a party secretary is a senior official within a political party with responsibility for the organizational and daily political work. In most parties, the party secretary is second in rank to the party leader (or party chairman). In s ...

and chairman of China Everbright Group Co., Ltd.. He was investigated by China's top anti-graft agency in April 2023. He was a member of the 13th National Committee of the

Chinese People's Political Consultative Conference The Chinese People's Political Consultative Conference (CPPCC) is a political advisory body in the People's Republic of China and a central part of the Chinese Communist Party (CCP)'s United front (China), united front system. Its members adv ...

Early life and education

Born in

Henan Henan; alternatively Honan is a province in Central China. Henan is home to many heritage sites, including Yinxu, the ruins of the final capital of the Shang dynasty () and the Shaolin Temple. Four of the historical capitals of China, Lu ...

in May 1959, Li graduated from

Wuhan University Wuhan University (WHU; 武汉大学) is a key comprehensive public university in Wuhan, Hubei, China. It is directly affiliated with and funded by the Ministry of Education of the People's Republic of China, Ministry of Education of China. The un ...

, with a PhD in economics.

Career

Li worked at

Industrial and Commercial Bank of China The Industrial and Commercial Bank of China (ICBC; zh, 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the " big four" banks ...

, and finally became executive director in October 2010. He also worked at

China Huarong Asset Management China CITIC Financial Asset Management (previously known as China Huarong) is a majority state-owned financial asset management company in China, with a focus on distressed debt management. It was one of the four asset management companies that ...

. He became chairman of the supervisory board of

China Investment Corporation China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management. In Mar ...

in May 2013 and subsequently general manager of

China Merchants Group China Merchants Group Limited ( zh, first=s, s=招商局集团, p=Zhaoshangju Jituan) is a state-owned enterprise (SOE) of the People's Republic of China. The company operates under the auspices of the Chinese Ministry of Transport. Founded in ...

in July 2014. In December 2017, he succeeded

Tang Shuangning Tang Shuangning (; born October 1954) is a former Chinese financier and politician of Manchu ethnicity who served as chairman and party secretary of China Everbright Group. He was also executive director of China Everbright Limited, Everbright E ...

and chairman of China Everbright Group Co., Ltd., serving in the post until his retirement in March 2022.

Downfall

On 5 April 2023, he was suspected of "serious violations of laws and regulations" by the

Central Commission for Discipline Inspection The Central Commission for Discipline Inspection (CCDI) is the highest supervisory organ of the Chinese Communist Party (CCP). The CCDI is elected and supervised by the National Congress of the Chinese Communist Party, CCP National Congress. ...

(CCDI), the party's internal disciplinary body, and the

National Supervisory Commission The National Supervisory Commission is the highest supervisory and anti-corruption authority of the People's Republic of China. Formed in 2018 by an 2018 amendment to the Constitution of China, amendment to the Constitution of China, Constitut ...

, the highest anti-corruption agency of China. On October 9, he was expelled from the CCP and removed from public office.

References

{{DEFAULTSORT:Li, Xiaopeng 1959 births Living people Wuhan University alumni Chinese bankers People's Republic of China politicians from Henan Chinese Communist Party politicians from Henan Members of the 13th Chinese People's Political Consultative Conference People expelled from the Chinese Communist Party in 2023 Chinese politicians convicted of corruption