10 Facts About Mao Xiaofeng

Mao Xiaofeng is a Chinese banking executive, best known for his tenure as a senior executive of Minsheng 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 the Central Commission for Discipline Inspection, with suspected links to disgraced official Ling Jihua.

Mao Xiaofeng went to business school at Hunan University in Changsha and graduated in 1990 at age 18.

Mao Xiaofeng became the head of the student association at the university with the title of "Chairman", earning him the nickname "Chairman Mao".

Mao Xiaofeng then became assistant to the county governor of the Zhijiang Dong Autonomous County.

In 1999, Mao Xiaofeng was transferred to the Communist Youth League headquarters in Beijing, and became a member of its General Office.

Mao Xiaofeng entered Minsheng Bank in 2002, and worked as deputy chief of staff to the president of the bank.

Mao Xiaofeng was 42 at the time of his appointment, making him the youngest chief executive in the bank's 18-year history.

Ling and Mao Xiaofeng attended Hunan University's MBA program at around the same time, and Mao Xiaofeng reportedly worked for Ling at the Communist Youth League.

The Beijing News reported that Mao Xiaofeng 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 of Ling Jihua, and Yu Lifang, the wife of Su Rong.