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Li Rongrong famously argued that the state should not try to run every business. He pushed for the state to "grasp" the large, strategically vital industries (defense, telecoms, oil, power) while "releasing" the small, non-competitive SOEs to the market via mergers or closures.

Despite being retired for over a decade, Li Rongrong has returned to the spotlight. Here is why economic analysts cannot stop talking about him.

His tenure saw the mega-IPOs of ICBC, PetroChina, and Sinopec. Li forced SOEs to list on Hong Kong and international exchanges, compelling them to adopt Western accounting standards, independent boards, and corporate governance.

Li implemented a rigorous financial oversight system. He demanded that SOEs shift from reporting "profits" to reporting "EVA" (Economic Value Added)—ensuring they were paying for their cost of capital. He was ruthless about removing "non-performing assets."

Li Rongrong (李蓉蓉) is a Chinese model, actress, and internet personality. She is best known for her work in the modeling industry, particularly within the fitness and fashion photography circuits.

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Li Rongrong Model Hot

Li Rongrong famously argued that the state should not try to run every business. He pushed for the state to "grasp" the large, strategically vital industries (defense, telecoms, oil, power) while "releasing" the small, non-competitive SOEs to the market via mergers or closures.

Despite being retired for over a decade, Li Rongrong has returned to the spotlight. Here is why economic analysts cannot stop talking about him. li rongrong model hot

His tenure saw the mega-IPOs of ICBC, PetroChina, and Sinopec. Li forced SOEs to list on Hong Kong and international exchanges, compelling them to adopt Western accounting standards, independent boards, and corporate governance. Li Rongrong famously argued that the state should

Li implemented a rigorous financial oversight system. He demanded that SOEs shift from reporting "profits" to reporting "EVA" (Economic Value Added)—ensuring they were paying for their cost of capital. He was ruthless about removing "non-performing assets." Here is why economic analysts cannot stop talking about him

Li Rongrong (李蓉蓉) is a Chinese model, actress, and internet personality. She is best known for her work in the modeling industry, particularly within the fitness and fashion photography circuits.