No role for daughter of former Chinese leader at new state-owned firm, report says
Li Xiaolin is moved out of China Power Investment after merger creates nuclear reactor giant, Caijing reports. She instead takes up vice-president position at China Datang Corporation
Li Xiaolin, the daughter of former premier Li Peng and the vice-president of China Power Investment Corporation (CPI), has reportedly been transferred to the China Datang Corporation as its vice-president after working at CPI for 12 years.
The decision was announced last Tuesday by the deputy chief of the state assets regulator, Liu Qiang, mainland business news outlet Caijing reported yesterday.
The decision was made after the State Nuclear Power Technology (SNPT) announced on May 29 it had merged into CPI earlier this year. The new entity, State Power Investment Group, will be the third largest operator of nuclear reactors on the mainland, and could go into operation as early as this month.
Industry figures had expected Li to head up the company, the article said. A source with knowledge of the matter said Li herself had hoped for the role.
China Datang is one of the largest power generation companies on the mainland, but it relies heavily on coal-fired plants, which have come under scrutiny due to their pollution.
In March, the anti-graft agency conducted a two-month inspection tour at CPI. Li had warned staff at her company, a subsidiary of CPI and the Hong Kong-listed China Power International Development, to be irreproachable as the campaign swept through the sector.