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 The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by ...

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 Jiangsu (; ; pinyin: Jiāngsū, Postal romanization, alternatively romanized as Kiangsu or Chiangsu) is an Eastern China, eastern coastal Provinces of the People's Republic of China, province of the China, People's Republic of China. It is o ...

, Republic of China. During the

Second Sino-Japanese War The Second Sino-Japanese War (1937–1945) or War of Resistance (Chinese term) was a military conflict that was primarily waged between the Republic of China and the Empire of Japan. The war made up the Chinese theater of the wider Pacific Th ...

, he enlisted in the

New Fourth Army The New Fourth Army () was a unit of the National Revolutionary Army of the Republic of China established in 1937. In contrast to most of the National Revolutionary Army, it was controlled by the Chinese Communist Party and not by the ruling Ku ...

in 1944 and joined the

Communist Party of China The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and sole ruling party of the People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victorious in the Chinese Civil ...

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 The People's Liberation Army (PLA) is the principal military force of the People's Republic of China and the armed wing of the Chinese Communist Party (CCP). The PLA consists of five service branches: the Ground Force, Navy, Air Force, ...

during the

Chinese Civil War The Chinese Civil War was fought between the Kuomintang-led government of the Republic of China and forces of the Chinese Communist Party, continuing intermittently since 1 August 1927 until 7 December 1949 with a Communist victory on m ...

. After the founding of the People's Republic of China in 1949, Lü worked in the finance department of the

East China East China () is a geographical and a loosely defined cultural region that covers the eastern coastal area of China. A concept abolished in 1978, for economical purposes the region was defined from 1949 to 1961 by the Chinese Central Governme ...

region. He was transferred to the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

in Beijing in 1953, and took

correspondence courses Distance education, also known as distance learning, is the education of students who may not always be physically present at a school, or where the learner and the teacher are separated in both time and distance. Traditionally, this usually in ...

industrial economics In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the perfe ...

Renmin University of China The Renmin University of China (RUC; ) is a national key public research university in Beijing, China. The university is affiliated to the Ministry of Education, and co-funded by the Ministry and the Beijing Municipal People's Government. RUC ...

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

, 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 ''China Daily'' () is an English-language daily newspaper owned by the Central Propaganda Department of the Chinese Communist Party. Overview ''China Daily'' has the widest print circulation of any English-language newspaper in China. T ...

'' 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. 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 The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it ...

. Lü was a member of the 12th, 13th, and 14th

Central Committee of the Communist Party of China The Central Committee of the Chinese Communist Party, officially the Central Committee of the Communist Party of China, is a political body that comprises the top leaders of the Chinese Communist Party (CCP). It is currently composed of 205 fu ...

. He served as a Standing Committee member of the 9th

Chinese People's Political Consultative Conference The Chinese People's Political Consultative Conference (CPPCC, zh, 中国人民政治协商会议), also known as the People's PCC (, ) or simply the PCC (), is a political advisory body in the People's Republic of China and a central part of ...

References

{{DEFAULTSORT:Lu, Peijian 1928 births Living people Governors of the People's Bank of China Politicians from Huai'an People's Republic of China politicians from Jiangsu Members of the 12th Central Committee of the Chinese Communist Party Members of the 13th Central Committee of the Chinese Communist Party Members of the 14th Central Committee of the Chinese Communist Party Renmin University of China alumni