Lai Xiaomin
Lai Xiaomin (Chinese: 赖小民; 21 July 1962 – 29 January 2021) was a Chinese business executive and senior economist who served as party secretary and chairman of the board of China Huarong Asset Management from September 2012 to April 2018. He was sacked for graft on 17 April 2018.
Lai Xiaomin | |||||||
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赖小民 | |||||||
| Delegate to the 12th National People's Congress | |||||||
| In office March 2013 – March 2018 | |||||||
| Chairman | Zhang Dejiang | ||||||
| Constituency | Hunan | ||||||
| Personal details | |||||||
| Born | 21 July 1962 Ruijin, Jiangxi, China | ||||||
| Died | 29 January 2021 (aged 58) Tianjin, China | ||||||
| Cause of death | Execution | ||||||
| Political party | Communist Party of China (expelled in 2018) | ||||||
| Children | 3 | ||||||
| Alma mater | Jiangxi University of Finance and Economics (BEc) | ||||||
| Occupation | Chairman of the Board, Party Committee Secretary, SOE Executive, politician, economist | ||||||
| Organization | China Huarong Asset Management | ||||||
| Criminal charge(s) | Corruption, solicitation of bribes and bigamy | ||||||
| Criminal penalty | Death penalty (without reprieve) | ||||||
| Chinese name | |||||||
| Traditional Chinese | 賴小民 | ||||||
| Simplified Chinese | 赖小民 | ||||||
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On 5 January 2021, Lai was sentenced to death without reprieve for bribery, embezzlement, and bigamy. His private assets were seized as well. The sentence was carried out on 29 January 2021.
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. 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.