23 of 26
BACKNEXT
22. Lefei Liu
22. Lefei Liu
Company: CITIC Private Equity
Country: China
Title: Chairman and CEO
Age: 38

Private equity is a booming business in the world's fastest-growing country, as companies seek ways to raise money other than knocking on the door of a big, state-owned bank or waiting in line for government approval to do an IPO. Increasingly, one of the men they turn to is Lefei Liu, chairman of the private equity arm of Beijing-based CITIC Group, the fast-growing state investment company. (Revenue last year climbed 37% to about $30 billion.) Before joining CITIC, Liu served as chief investment officer of China Life, where he led investments in China Southern Power Grid and China Union Pay. In early 2010, CITIC private equity raised $1.32 billion for its first industrial investment fund. Among the signs that Liu is a power player among financiers? He's been a featured speaker at Michael Milken's annual global conference.

-- M.F.



NEXT: 23. Liew Mun Leong
Last updated April 19 2011: 5:21 AM ET
If it catches on, Tata's Nano will have a far greater impact on society than any sports car, and Ratan Tata could be remembered as the Henry Ford of India. More
The Chinese government is banning the word 'luxury' from advertisements in Beijing, but it's not trying to slow down its consumerism push. More
Auret van Heerden, CEO of the Fair Labor Association, discusses the rising labor costs in China and other developing nations, and when the jobs will come back to the U.S. More
  • Find Homes for sale
    Real estate and homes for sale on Trulia

  • Property Type
  • Find a home in:
  • New York | Atlanta | Chicago | Los Angeles
  • Washington D.C | Houston | Philadelphia | More options