Lai Xiaomin

Lai Xiaomin
赖小民
Delegate to the 12th National People's Congress
In office
March 2013 – March 2018
ChairmanZhang Dejiang
ConstituencyHunan
Personal details
Born(1962-07-21)21 July 1962
Ruijin, Jiangxi, China
Died29 January 2021(2021-01-29) (aged 58)
Tianjin, China
Cause of deathExecution
Political partyChinese Communist Party (expelled in 2018)
Children3
Alma materJiangxi University of Finance and Economics (BEc)
OccupationChairman of the Board, Party Committee Secretary, SOE Executive, politician, economist
OrganizationChina Huarong Asset Management
Criminal charge(s)Corruption, solicitation of bribes and bigamy
Criminal penaltyDeath penalty (without reprieve)[1]
Chinese name
Traditional Chinese
Simplified Chinese
Transcriptions
Standard Mandarin
Hanyu PinyinLài Xiǎomín

Lai Xiaomin (Chinese: 赖小民; 21 July 1962 – 29 January 2021) was a Chinese business executive and senior economist who served as Chinese Communist Party Committee Secretary and chairman of the board of China Huarong Asset Management from September 2012 to April 2018.[2][3] He was sacked for graft on 17 April 2018.[4][5][6]

On 5 January 2021, Lai was sentenced to death without reprieve for bribery, embezzlement, and bigamy. His private assets were seized as well.[7] The sentence was carried out on 29 January 2021.[8]

He assumed various posts in the People's Bank of China, including deputy director and Director of the Central Funding Department of the Planning Capital Department of the People's Bank of China, Director of the Second Division of the Bank, deputy director of the Credit Management Department, and deputy director of the Bank Supervision Second Division.

He was a delegate to the 12th National People's Congress.[9] His positions prior to his downfall included; deputy director of the Banking Supervision Department of the China Banking Regulatory Commission, Head of the Preparatory Team of the Beijing Supervision Bureau, Secretary of the Beijing Banking Regulatory Bureau, Secretary of the Party Committee, Director of the General Office of the China Banking Regulatory Commission, and Director of the Party Committee Office and Chief Spokesperson.

  1. ^ "China sentences top banker to death for corruption and bigamy". the Guardian. 5 January 2021. Retrieved 6 January 2021.
  2. ^ "Huarong Asset Chairman Lai Xiaomin Faces Graft Investigation". Bloomberg News. 17 April 2018. Retrieved 28 June 2018.
  3. ^ Nina Xiang (17 April 2018). "China Huarong Chairman Lai Xiaomin Is Investigated For Severe Disciplinary Breaches". chinamoneynetwork.com. Retrieved 28 June 2018.
  4. ^ Adam Jourdan; Donny Kwok (19 April 2018). "China Huarong confirms chairman departs after probe, shares tumble". reuters.com. Retrieved 28 June 2018.
  5. ^ 赖小民“效应”:中国华融全系统筛查员工亲属移居海外名单. sina (in Chinese). 20 May 2018.
  6. ^ 赖小民香江往事:被称“财神爷” 与某资本大佬交易频繁. cailianpress.com (in Chinese). 20 April 2018. Archived from the original on 28 June 2018. Retrieved 28 June 2018.
  7. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  8. ^ "China executes ex-banker Lai Xiaomin in corruption, bigamy case". France 24. 29 January 2021. Retrieved 29 January 2021.
  9. ^ Cite error: The named reference npcsite was invoked but never defined (see the help page).

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