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Li Xiaolin

This article is about a Chinese business person. For the Chinese government member, see Li Xiaolin (b. 1953).

Li Xiaolin
Born (1961-06-01) June 1, 1961 (age 63)
The Fourth Affiliated Hospital, Huanggu District, Shenyang, Liaoning, China[1]
Alma materTsinghua University
OccupationCompany directors
Parent(s)Li Peng
Zhu Lin
RelativesLi Xiaopeng (brother)
Li Xiaoyong (brother)
In this Chinese name, the family name is Li.

Li Xiaolin (Chinese: 李小琳; born 1 June 1961) is a Chinese businesswoman, currently serving as vice-president of the China Datang Corporation, a state-owned power generation enterprise. She is the former CEO of China Power International Development (SEHK: 2380). She is the only daughter of former Chinese Premier Li Peng and his wife Zhu Lin.[2] She was trained as a power generation engineer at Tsinghua University.

Career

Li was born on International Children's Day in June 1961 at Fourth Affiliated Hospital of China Medical University in Huanggu District, Shenyang, Liaoning Province, Past is Railway Hospital in Liaoning,[3] She is a daughter from three children to Li Peng, then fourth Premier of the People's Republic of China, and Zhu Lin, a Russian-language translator. She was the second of Li Peng's three children. Her older brother is Li Xiaopeng. Li followed her father's footsteps and studied power generation, eventually obtaining a Master of Engineering degree in Power System and Automation from the prestigious Tsinghua University.[4]

Li claims to have spent time at the MIT Sloan School of Management, however MIT stated that the only record it has of attendance by a student with Li’s name was enrollment in a “non-degree short course” open to anyone who has “intellectual curiosity” and pays $7,500 for 15 days of classes.[5] Currently, she is the only female CEO of a Hong Kong Stock Exchange-listed company.[6] She is also a member of the Copenhagen Climate Council. In 2008, she was named one of the 50 most powerful women in business by Fortune magazine.[7] In 2012, Li was conferred with Tamgha-e-Pakistan (Medal of Pakistan).[8] According to Hurun Report's China Rich List 2013, she had an estimated personal fortune of US$550 million, making her the 606th wealthiest person in China.[9]

In 2014, leaked data obtained by the think tank International Consortium of Investigative Journalists (ICIJ) showed that Li Xiaolin owned assets in the tax haven British Virgin Islands. She had been listed as the director of the BVI shell companies Tianwo Holdings Ltd and Tianwo Development Ltd since 2005.[10] The report further revealed that Li and her husband opened a Swiss-based account with HSBC in 2001, and by 2006-2007 held $2.45 million on the account; additionally, the couple were listed as owners of Metralco Overseas S.A., registered in Panama.[11]

In July 2015, Li Xiaolin was transferred from China Power International to China Datang Corporation to serve as a vice-president.[12]

In April 2016, Li was named in the Panama Papers, linking her to a British Virgin Islands company via a Lichtenstein foundation.[13]

References

  1. ^ 李鹏，《李鹏回忆录（1928—1983）》，北京：中国电力出版社、Central Literature Publishing House，2014年，第291页，ISBN 9787512358980
  2. ^ "Li Xiaolin". China.org.cn. March 2, 2010. Retrieved August 20, 2022.
  3. ^ "李鹏新书回忆爱情与婚姻：与朱琳互称"大琳""大鹏"".
  4. ^ "Executive profile: Xiaolin Li". Businessweek. Archived from the original on April 7, 2013. Retrieved March 4, 2013.
  5. ^ Higgins, Andrew (May 20, 2012). "Chinese communist leaders denounce U.S. values but send children to U.S. colleges". The Washington Post. Washington, DC. Retrieved May 20, 2012.
  6. ^ Chen, Jean (January 3, 2008). "China's Power Queen". Forbes. Hong Kong. Archived from the original on January 4, 2008. Retrieved April 28, 2010.
  7. ^ "Chairwoman Li Xiaolin inherits power, creates her own". Want China Times. Archived from the original on January 30, 2013. Retrieved January 15, 2013.
  8. ^ "Civilian awards: Presidency issues list of 192 recipients". August 13, 2012.
  9. ^ "China Rich List 2013". Hurun Report. Archived from the original on August 31, 2014. Retrieved September 4, 2014.
  10. ^ "China: Who Uses Offshore Tax Havens". The International Consortium of Investigative Journalists. January 10, 2014. Retrieved January 22, 2014.
  11. ^ "从曾伟到周滨 权贵二代的"掮客"演变". Duowei News. February 21, 2015.
  12. ^ 李小琳任大唐集团公司副总经理、党组成员
  13. ^ Huang, Zheping (April 4, 2016). "China's elite—including Xi Jinping—are linked to offshore deals that hid millions of dollars". Quartz.com. Retrieved April 5, 2016.
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