Qin Xiao

Qin Xiao (秦晓)

Qin Xiao (born 1947) is a Chinese businessman and intellectual, known for his roles in the Chinese financial sector and his subsequent advocacy for liberal economic and political reforms. He is often cited in discussions about the evolution of Chinese economic thought and the challenges facing China's state-owned enterprises.

Early Life and Education:

Qin Xiao is a zhiqing (sent-down youth), a term referring to the young people who were sent to the countryside during the Cultural Revolution in China. He spent several years in Inner Mongolia, an experience that profoundly shaped his views on rural poverty and economic development. He later studied at the Beijing University of Iron and Steel Technology (now University of Science and Technology Beijing).

Career:

Qin Xiao's career progressed through various prominent positions within the Chinese financial system. He served as the Chairman of China Merchants Group, a large state-owned conglomerate involved in shipping, finance, and property. He was also Chairman of China Merchants Bank, one of the first commercial banks in China. His tenure at these institutions saw significant growth and modernization, positioning them as leaders in their respective industries.

Views and Advocacy:

After retiring from his executive positions, Qin Xiao became increasingly vocal in advocating for market-oriented reforms and greater political openness in China. He has argued for the separation of state and enterprise, the protection of private property rights, and the rule of law. His views, expressed in essays and public lectures, often challenge the traditional socialist ideology and call for a more liberal approach to governance. He is regarded as a representative of a reformist faction within the Chinese elite, although his views are often met with resistance from more conservative elements. He has argued that continued economic prosperity depends on further political reform.

Publications and Influence:

Qin Xiao's views have been disseminated through various publications and public appearances, making him a significant voice in Chinese economic and political debates. While specific published works are often subject to censorship and limited circulation within China, his ideas have nonetheless influenced intellectual circles and policy discussions. He remains a figure of considerable interest to observers of China's evolving political and economic landscape.