Lü Peijian Explained

Lü Peijian
Office:2nd Auditor General of the National Audit Office
Term Start:March 1985
Term End:May 1994
Predecessor:Yu Mingtao
Successor:Guo Zhenqian
Office1:6th Governor of the People's Bank of China
Term Start1:4 May 1982
Term End1:21 March 1985
Predecessor1:Li Baohua
Successor1:Chen Muhua
Birth Place:Hongze, Jiangsu, China
Party:Chinese Communist Party
Alma Mater:Renmin University of China

Lü Peijian (; born August 1928) is a Chinese retired politician and central banker. He served as Vice Minister of Finance from 1978 to 1982, Governor of the People's Bank of China from 1982 to 1985, and Auditor General of the National Audit Office from 1985 to 1994.

Biography

Lü Peijian was born in August 1928 in Hongze, Jiangsu, Republic of China. During the Second Sino-Japanese War, he enlisted in the New Fourth Army in 1944 and joined the Chinese Communist Party in November of that year. He studied accounting and worked in the logistics department of the New Fourth Army, and later the of the People's Liberation Army during the Chinese Civil War.[1] [2]

After the founding of the People's Republic of China in 1949, Lü worked in the finance department of the East China region. He was transferred to the Ministry of Finance in Beijing in 1953, and took correspondence courses in industrial economics at Renmin University of China from 1954 to 1956.

Lü rose through the ranks in the Ministry of Finance, and was appointed Vice Minister in 1978. In 1982, he was appointed the sixth Governor of the People's Bank of China, China's central bank. In March 1985 he became the second Auditor General of the National Audit Office (NAO), which had just been established two years earlier to systematically audit the accounts of businesses, government units, and individuals. In August 1985, Lü told the China Daily that the NAO had audited the accounts of more than 24,000 businesses and units, and uncovered tax evasion, fraud, and waste worth more than US$1.6 billion.[3] He served as Auditor General until 1994. From May 1994 to June 2000, he served as Chairman of the Board of Supervisors of China Development Bank.

Lü was a member of the 12th, 13th, and 14th Central Committee of the Chinese Communist Party. He served as a Standing Committee member of the 9th Chinese People's Political Consultative Conference.[4]

Notes and References

  1. Web site: 中国人民银行第六任行长吕培俭. 4 August 2009. Sina. 13 September 2019.
  2. Web site: 吕培俭. 15 September 2009. Phoenix TV. 13 September 2019.
  3. News: China's Fledgling Tax Auditors Uncover $1.6 Billion in Fraud. Southerl. Daniel. 29 August 1985. Washington Post. 12 September 2019.
  4. Web site: Biography of Lu Peijian. China Vitae. 13 September 2019.