On November 16th, the website of the Central Commission for Discipline Inspection of the Communist Party of China and the National Supervisory Commission reported that Li Baian, former member of the Party Committee and deputy general manager of China Merchants Group Limited, is suspected of serious violations of discipline and law and is currently under disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.
Public information shows that Li Baian was born in December 1964, graduated from Zhejiang University and the University of International Business and Economics, holds a master’s degree, and is a senior economist. He has held various positions such as Deputy General Manager of the Human Resources Department of China Construction Engineering General Company, General Manager of Enterprise Planning and Management Department, Chairman of China Construction Second Bureau, Secretary of the Party Committee, Deputy General Manager and General Manager of the Investment Department of China State Construction Engineering Corporation, Executive Director and General Manager of China Construction Real Estate, Vice President of China State Construction Engineering Corporation, among others.
In November 2019, Li Baian was appointed as a member of the Party Committee of China Merchants Group Limited, and later held positions such as Deputy General Manager and Chief Legal Counsel of China Merchants Group Limited. In April 2023, he also concurrently served as the Executive Vice Director of the Management Committee of the Shekou District of the Qianhai Area of China (Guangdong) Pilot Free Trade Zone.
On January 17th of this year, China Merchants Group held its 2025 annual work conference in Shenzhen, during which Deputy General Manager Li Baian chaired a meeting on party-building work.
Li Baian is the second senior executive of China Merchants Group to be implicated this year. Earlier on September 10th, Wang Qingbin, former Chairman of the Board of China Merchants Finance Leasing Co., Ltd., was also investigated.
Public data shows that by the end of 2024, the total assets of China Merchants Group had reached 14.7 trillion yuan, with a net profit of 187.2 billion yuan.