Li Xuli PE tycoon was under investigation

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  Yesterday’s PE star and leader Li Xuli was put under investigation for his illegal trade during his tenure in Bank of Communications Schroder Fund Management Co., Ltd (BOCOM Schroder).
  It is said that Li was deprived of the right to leave China in order to prevent him from escaping the investigation. However, he still enjoys freedom inside China.
  According to the report, Li was likely to get engaged in rat trading – the size cannot be said to be small – in BOCOM Schroder. If these things prove to be true, Li will become the most famous PE founder that fell out of rat trading.
  After graduating from the graduate college of the People’s Bank of China, Li Xuli worked in South Fund as fund researcher, trader, fund manager and investment director from 1998 to 2005. Then he took the management of Tianyuan Fund and South Stable Fund. In 2005, he joined in BOCOM Schroder, working as the stable fund manager and blue chip fund manager. Then he was appointed investment director at BOCOM Schroder. During that period, he was awarded for several times and got the fame for his ability in macro-economic research and judgment of the trend.
  In July 2009, Li Xuli and his partners contributed 30 million yuan (USD 4.509 million) to found Shanghai Chongyang Investment Management Co., Ltd, where he took the position of CEO. From public fund to private equity, Li’s turn once shocked the financial industry in China. However, he suddenly resigned from the company on December 19, 2010, whose reason is now said to be related with his illegal trade.
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