Li Xiaolin |
Li Xiaolin, the CEO of China Power International Development Ltd., is the daughter of Li Peng, former premier of China. She was named one of the International 50 Most Powerful Women in Business by Fortune in 2008.
After the industrial restructuring reforms of 2003, Li was appointed general manager of China Power International Development Ltd.. That year, the output of China Power reached 31.1 billion kilowatt-hours, up 11 percent year on year; the company's profits were 972 million yuan, up 31 percent year on year; the rate of return on assets was 10.15 percent, up 89 percent year on year.
Also in 2003, under her guidance, China Power purchased 6 percent of the stock of Companhia de Electricidade de Macau, in the first successful international acquisition conducted by a mainland power company following the structural reforms. China Power Investment Corporation, the parent company of China Power International Development Ltd carried out a 3 billion yuan bond issue in 2003 under Li's direction.