In Changsha, Hunan Province in 1957, Zhu Yunlai was born, and Zhu Rongji and his wife Lao An were happy to have an only son. Although he is the son of Premier Zhu, Zhu Yunlai has not attracted attention since he was a child. He completed his studies in China and then went to the United States to pursue further studies, earning a Ph.D. in economics from Princeton University.
During his returnee, Zhu Yunlai was favored by an American investment bank and had the opportunity to make a big career on Wall Street. However, his concern for the motherland prompted him to give up the opportunity to develop in the United States and resolutely decided to return to China to contribute to the growth of China's financial industry.
After returning to China, Zhu Yunlai quickly emerged and gained a foothold in the financial circle with his excellent professional ability. He previously held positions at China Investment Corporation, China International Capital Corporation, and later served as Chairman and Chief Executive Officer of CICC. Under his leadership, CICC became a key assistant to Chinese companies in their "going global", assisting in overseas IPOs and financing.
When his career was in full swing, Zhu Yunlai has always maintained a low-key style. He refused to be interviewed and never talked about his family background. Even when I meet a reporter in public, I just smile. This is exactly in line with Premier Zhu's teaching that "do not use personal relationships for personal gain." At the same time, Zhu Yunlai did not use his father's influence to rob him for any convenience.
Although he has kept a low profile, Zhu Yunlai's career achievements are still well-known to the outside world. In 2004, Fortune magazine named him one of the 25 most influential business leaders in Asia. Some analysts believe that the CICC managed by Zhu Yunlai has more than 100 billion US dollars a year for Chinese enterprises' overseas financing advisory projects. It is by virtue of his position as an industry leader that he will be on this list.
This widely circulated ** is one of the few public appearances of Zhu Yunlai. China Petrochemical Corporation, the predecessor of China Petroleum & Chemical Corporation, held a dinner attended by Premier Zhu and a number of business leaders. Zhu Yunlai appeared at the banquet as one of the guests. A face that resembled Premier Zhu confirmed his identity. Even though he has entered middle age, Zhu Yunlai is still gentle and modest. And the demeanor of a talent also indicates his status as a business elite.
In 2014, after 10 years as CICC's CEO, Zhu Yunlai announced his departure. The outside world once speculated that he would follow in Premier Zhu's footsteps and enter the political circles. But since then, Zhu Yunlai has maintained a low-key life. He appears in high-level forums and seminars, giving unique insights on China's economy. Other than that, there is very little news about this business legend.
Zhu Yunlai did not choose his political fate, but witnessed China's economic take-off in another way. If Premier Zhu represents a model of a politician in New China, then Zhu Yunlai is a successful portrayal of a private entrepreneur after the reform and opening up. A face reveals all kinds of changes and connections. And his high-profile and low-key style has also become the epitome of the unique charm of this family.
Zhu Yunlai's life is full of legends. As Premier Zhu's only son, he has always kept a low profile and avoided attention all his life. He completed his studies in the United States and returned to China to start a business, and became an investment banking elite and billionaire with his excellent financial expertise. Even in the business world, he still remembers the family motto of "don't use personal relationships for personal gain". A face has become his indelible biometric code, which connects him to Premier Zhu. What do you think Zhu Yunlai represents?What did he inspire us?Feel free to share your views in the comments section.