Former China Huarong Asset Management Co. chairman Lai Xiaomin listens to a question from a reporter during the debut of the company at the Hong Kong Exchanges in Hong Kong on Oct. 30, 2015. Bobby Yip/Reuters
Wang Youqun holds a doctorate in law from the Renmin University of China. He previously worked as a copywriter for Wei Jianxing (1931–2015), a member of the CCP Politburo Standing Committee, from 1997 to 2002.