by The International Consortium of Investigative Journalists
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Premier of the People's Republic of China (1988-1998); Chairman of the Standing Committee of the National People’s Congress (1998-2003)

Li Peng

Associates in the data: Li Xiaolin

Related to  China
Data from: Panama Papers

Li Xiaolin

Li Xiaolin is the second child and only daughter of former Chinese Premier Li Peng. She was the vice president of China Power Investment Corporation, a state-run power company and served as a delegate to the Chinese People’s Political Consultative Conference or CPPCC, an advisory body to the Chinese legislature. She has been called China’s “Power Queen.”

In the data

Li Xiaolin and her husband Liu Zhiyuan were the beneficial owners of “Fondation Silo,” a Lichtenstein foundation that was the sole shareholder of “Cofic Investments Ltd.,” a company incorporated in the British Virgin Islands when her father Li Peng was prime minister of China. The couple’s Swiss lawyer told Mossack Fonseca that Cofic’s source of funds was business profits from helping other clients of his law firm export heavy machinery from Europe to China. Mossack Fonseca appears not to have realized Li Xiaolin was the daughter of a former Chinese premier. To assist a background check by Mossack Fonseca, Li’s lawyer submitted a passport issued to her by the Hong Kong special administrative region and a cover letter in which he refers to her as “Xiaolin Liu-Li,” which may have made linking her to Li Peng more difficult.

Response

Geneva-based lawyer, Charles-Andre Junod, who was a director of Cofic Investments, declined to comment but said he has always respected relevant laws. Li Xiaolin did not respond to repeated requests for comment.
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