Born in July 1989, Li Chao has a clear new position and is the deputy general manager of Ningxia State-owned Capital Operation Group.
At the end of January this year, the Organization Department of the Ningxia Hui Autonomous Region Party Committee issued a number of pre-appointment announcements for cadres, including Li Chao, born in July 1989, with a university degree. He is currently the assistant general manager of Ningxia State-owned Capital Operation Group, the director of the Capital Operation Department, the president of the Financial Division, the chairman of The Board of Directors of Guoyun Leasing (Tianjin) Co., Ltd., and the general manager of Ningxia Re-Guarantee Group, and intends to be nominated as a deputy general manager of a state-owned enterprise under the district.
Li Chao (infographic)
On March 24, a staff member of the Ningxia State-owned Capital Operation Group Company told "Political Affairs" that in February this year, after the pre-appointment announcement was passed, Li Chao became the deputy general manager of the Ningxia State-owned Capital Operation Group and continued to hold other positions. After taking office, he began a month-long off-the-job study at the Central Party School according to the arrangement, which ended in June this year.
The staff member said that the Ningxia State-owned Capital Operation Group is a department-level unit, and this time Li Chao served as the deputy general manager of the group, and the level was at the deputy department level.
At the same time, a staff member of the Office of the State-owned Assets Supervision and Administration Commission of the Ningxia Hui Autonomous Region Government also told the "political affairs" that the leadership of the Ningxia State-owned Capital Operation Group is managed by the Organization Department of the Autonomous Regional Party Committee.
According to an article on the WeChat public account of the "Ningxia Youth Federation" in October 2017, Li Chao graduated from Nankai University with a major in finance and successively served as the project manager of the investment banking department of the head office of China CITIC Bank and the general manager of the investment banking department of the Yinchuan branch. At that time, he was the director of the investment and financing management department of Ningxia State-owned Capital Operation Group.
According to the report, during his work at the Yinchuan branch of China CITIC Bank, Li Chao raised more than 2 billion yuan for major projects in Ningxia through innovative products such as bonds and structures. During his work in Ningxia State-owned Capital Operation Group, he has raised more than 10 billion yuan for the construction of high-speed rail in Ningxia. Promote the group company to become the only AAA rating enterprise in the interbank market in the region. Led the completion of the PPP project of the Wuzhong to Zhongwei section of the intercity railway, and introduced a capital of 2.2 billion yuan for private investors. Completed the application for the CDB Development Fund of RMB5.7 billion. Registered various types of bonds of 12.5 billion yuan. Obtained a comprehensive credit line of 45.5 billion yuan from banks. It has established comprehensive cooperative relations with various financial institutions such as insurance, securities and trust.
Since then, Li Chao has served as the assistant general manager of Ningxia State-owned Capital Operation Group, the director of the capital operation department, the president of the financial business department, the chairman of Guoyun Leasing (Tianjin) Co., Ltd., and the general manager of Ningxia Re-guarantee Group.
In public information, after taking office, 32-year-old Li Chao also became the youngest deputy department-level cadre in the country.
Public information shows that before this, the youngest "post-80s" deputy department-level cadre in the country was Li Teng, the current member of the Standing Committee of the Nanping Municipal Party Committee, the secretary of the Municipal Discipline Inspection Commission, and the director of the Municipal Supervision Commission, born in November 1984, who was the secretary of the Mingxi County Party Committee and took up his current position last year.
In addition, Liu Kai, currently a member of the Standing Committee of the Pingliang Municipal Committee of Gansu Province and secretary of the Lingtai County CPC Committee, was born in July 1983 and graduated from the Department of Philosophy of Peking University, and later served as deputy secretary of the Youth League Committee of Peking University, secretary of the Youth League Committee of Chaoyang District of Beijing, lingtai county magistrate in 2011, secretary of the Lingtai county party committee in 2015, and current position in November 2019. Sun Ruijun, currently a member of the Standing Committee of the Guangxi Baise Municipal Party Committee and director of the Organization Department, is a female cadre, born in August 1983, graduated from Tsinghua University with a doctorate in applied economics, and then stayed on to work in Guangxi, in 2012 to work in Guangxi, and took up her current position in February last year. Wei Niya, the current vice mayor of Lijiang, is also a female cadre, born in September 1983, who served as deputy secretary of the Yunnan Provincial Committee of the Communist Youth League, and took up her current position in October last year.
At present, there are at least 7 "post-80s" cadres at the level of the main department in the country, the youngest of whom is Duan Ying, director of the Investment Promotion Bureau of Yunnan Province, born in October 1982.
According to the official website, Ningxia State-owned Capital Operation Group Co., Ltd. (hereinafter referred to as "Ningguoyun"), established in 2015, is a wholly state-owned enterprise funded by the People's Government of Ningxia Hui Autonomous Region with a registered capital of 30 billion yuan, mainly undertaking the investment and construction tasks of major infrastructure, important people's livelihood projects and key industrial projects in the autonomous region, and fulfilling the main responsibilities of Investment and Financing of Ningxia Railway Construction and Project Promotion. The group is one of the enterprises under the supervision of the State-owned Assets Supervision and Administration Commission of the Autonomous Region.
At present, the "Management Team" column of the group's official website has not updated Li Chao's information.
On February 8 this year, the Financial Division of Ningxia State-owned Capital Operation Group organized and held the 2021 annual operation and party building work conference. Li Chao pointed out that it is necessary to conscientiously and deeply study and implement, actively participate in the construction of the pilot zone for ecological protection and high-quality development in the Yellow River Basin, make efforts in the four aspects of "consolidation, digestion, upgrading and efficiency", create six upgraded versions of industrial development, capital operation, reform and innovation, operation and management, risk prevention and control, and party building, and comprehensively promote the high-quality development of the business department.