Mao Xiaofeng

Mao Xiaofeng Mao hiểu phong
Born	1972
Nationality	Chinese
Alma mater	Hunan University Harvard Kennedy School
Occupation	President ofMinsheng Banking Corp(2014–2015)
Years active	1991–2015
Political party	Communist Party of China

In thisChinese name,thefamily nameisMao.

Mao Xiaofeng
Traditional Chinese	Mao hiểu phong
Simplified Chinese	Mao hiểu phong
Transcriptions Standard Mandarin Hanyu Pinyin Máo Xiǎofēng

Mao Xiaofeng(Chinese:Mao hiểu phong;born 1972) is a Chinese banking executive, best known for his tenure as a senior executive ofMinsheng Banking Corp.In January 2015, Mao abruptly resigned as president of Minsheng Bank for "personal reasons"; it was reported that he was undergoing investigation by theCommunist Party's top anti-corruption body,with suspected links to disgraced officialLing Jihua.

Career

Mao was achild prodigy.Mao went to business school atHunan Universityin Changsha and graduated in 1990 at age 18. He became the head of the student association at the university with the title of "Chairman", earning him the nickname "Chairman Mao".He then became assistant to the county governor of theZhijiang Dong Autonomous County.He became deputy party secretary at age 23.

While working at the county party organization, Mao earned an MBA from Hunan University, and then a doctorate several years later. In 1999, Mao was transferred to the Communist Youth League headquarters in Beijing, and became a member of itsGeneral Office.During his time at the Youth League he earned aMaster of Public Administrationdegree atHarvard Kennedy School.

He entered Minsheng Bank in 2002, and worked as deputy chief of staff to the president of the bank. In June 2003 he became secretary of the board of directors of the bank. In April 2008 he was promoted to vice president and head of retail banking.On August 18, 2014, Mao was named president of the bank. He was 42 at the time of his appointment, making him the youngest chief executive in the bank's 18-year history.

Mao abruptly resigned in late January 2015. The decision was publicly announced by a company spokesperson, who cited "personal reasons," and said that Mao's resignation did not concern the "operations of the bank." On January 31, 2014, it was announced that Mao was detained and undergoing investigation by theCentral Commission for Discipline Inspection of the Communist Party of China.

It was widely believed that Mao was investigated in connection with the case surrounding former partyGeneral OfficechiefLing Jihua,who was detained in December 2014. Ling and Mao attended Hunan University's MBA program at around the same time, and Mao reportedly worked for Ling at the Communist Youth League.The Beijing Newsalso reported that Mao had set up a so-called "wives club" at the bank, whereby the bank granted positions which "offered salaries for no work" to the wives of high officials, including Gu Liping, the wife ofLing Jihua,and Yu Lifang, the wife ofSu Rong.