Lü Peijian

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 Communist Party of China in November of that year. He studied accounting and worked in the logistics department of the New Fourth Army, and later the East China Field Army 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.[1][2]

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.[1][2] In March 1985 he became the second Auditor General of the National Audit Office (NAO),[1][2] 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.[1][2]

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