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Operating out of our Beijing office, Li brings 25 years of business, finance and government experience in China to the company. As the Director of Research at CSR, Li is in charge of the research of publicly traded Chinese companies. In addition, he is responsible for monitoring the economic situation in China and interpreting its impact on specific industries and individual companies.

Prior to CSR, he was the Deputy Director of Research and Development at the Stock Exchange Executive Council (SEEC). He retired from the SEEC in 2003. In 1992, he became the first Director of General Office, China Securities Regulatory Commission (CSRC, equivalent to the SEC in the U.S.), where he was in charge of finance, administration, human resources, governance and investigation, etc.

Between 1985 and 1990, Li was the Chief of Division of Analyzing Economic Situation, State Commission for Restructuring the Economic Systems, People's Republic of China. He led the research and drafted the paper, "The Cause of China's Inflation in 1988 and Economic Policies to Curb It"¹, which earned high praise from Zhao Ziyang, then Secretary-General of the Chinese Communist Party. Secretary-General Zhao personally ordered that the report be the subject of discussion at the Central Finance and Economy Authority meeting, the highest decision-making authority for the Chinese economy.

Other important positions held by Li included stints as Director and Deputy General Manager of Tian Ji Ltd., a high tech, real estate, and stock trading company in Shenzhen and as CEO of Si Liang Ltd., a futures trading brokerage firm based in Beijing. In the early eighties, he researched and created Chinese macroeconomic models at the Institute of Economics, Chinese Academy of Social Sciences.

Li graduated in 1970 with a Bachelor of Science degree in aeronautical engineering from Harbin Military Engineering University (now part of National Defense Science and Technology University), where he majored in aircraft design.

Note: 1. This report was published by the World Bank in World Bank Discussion Paper #64, Developing Economies in Transition Volume II Country Studies, P101 Editor: F.Desmond McCarthy