Former Chairman of SASAC Member of the 17th CPC Central Committee; Vice-Chairman of the 11th CPPCC Economic Committee
All his life, Li Rongrong has been dealing with state-owned enterprises. As head of SASAC, a government agency that influences China's political and economic infrastructure, Li was in charge of 152 central government-led enterprises -- after three years under his leadership, 16 of those enterprises had made it to the Fortune Global 500.
Li led the commission for seven years, making him one of the longest-serving ministerial level officials in recent history. The state-owned assets which were under his administration are now valued in the trillions. Li pushed for restructuring and mergers among these enterprises, he promoted incentive-based compensation across the board and he required that the top executives of these state-owned enterprises sign performance-related agreements. -- Zhang Maiwen
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