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Propaganda Department scion Liu Lefei makes a killing in finance

  • Staff Reporter
  • 2012-04-10
  • 12:26 (GMT+8)
Liu Lefei is responsible for one of China's largest-ever private equity investments. (File photo/CFP)

Liu Lefei is responsible for one of China's largest-ever private equity investments. (File photo/CFP)

Liu Lefei, chairman and CEO of Chinese financial conglomerate CITIC Private Equity Funds Management and director of CITIC Securities, has become famous in China for his achievements in fund management. Adding to his fame is the fact that his father, Liu Yunshan, is director of the Communist Party's Propaganda Department.

Born in 1973, Liu graduated from Renmin University in Beijing with a bachelor's degree in economics in 1995. Three years later, he graduated from the graduate school of the Chinese Academy of Social Sciences, before earning a master's degree in business administration from the China Europe International Business School.

Lui was ranked 22nd on Fortune magazine's 2011 list of the top 25 business leaders in Asia, and was also the youngest person to snag a spot on the list.

Before joining CITIC, Liu worked as general manager of the investment management department at China Life Insurance. Prior to that, he was employed by a range of securities firms, also working for the general office of China's Ministry of Finance from 1995 to 1998, where he was responsible for policy research.

He is experienced in asset and liability management, strategic fund allocation and investment management for assets valuing billions of yuan. His successful equity investment projects have included China Southern Power Grid, Guangdong Development Bank, CITIC Securities Visa, Mingsheng Bank and China Union Pay.

Liu's 35-billion-yuan (US$5.5 billion) investment in China Southern Power Grid in 2006 still stands as one of the largest single investments ever made in China's private equity market. 

 

 

References:

Liu Lefei 劉樂飛

CITIC Private Equity Funds Management Co 中信產業投資基金管理公司

Liu Yunshan 劉雲山

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