David Li
Dr the Honourable Sir David Li JP | |
---|---|
李國寶 | |
Chairman of the Bank of East Asia | |
Assumed office 9 April 1997 | |
Non-official Member of the Executive Council of Hong Kong | |
In office 1 November 2005 – 16 February 2008 | |
Appointed by | Donald Tsang |
Member of the Legislative Council of Hong Kong | |
In office 30 October 1985 – 30 June 1997 | |
Preceded by | New constituency |
Succeeded by | Replaced by Provisional Legislative Council |
Constituency | Financial/Finance |
In office 21 December 1996 – 30 June 1998 (Provisional Legislative Council) | |
In office 1 July 1998 – 30 September 2012 | |
Preceded by | New parliament |
Succeeded by | Ng Leung-sing |
Constituency | Finance |
Personal details | |
Born | David Li Kwok-po 13 March 1939 London, England, UK |
Spouse | Penny Poon Kam-chui |
Children | Adrian David Li Man-kiu Brian David Li Man-bun |
Alma mater | University of Cambridge Selwyn College, Cambridge Imperial College London |
Occupation | Banker |
David Li | |||||||||
---|---|---|---|---|---|---|---|---|---|
Traditional Chinese | 李國寶 | ||||||||
|
Sir David Li Kwok-po
Family background
The
Education
Li was educated at Uppingham School in the United Kingdom. He studied mathematics at Imperial College London, and then studied economics and law at Selwyn College, University of Cambridge.[4]
He received an honorary doctorate in law from the
Political and academic positions
Li was a member of the
Board memberships
Li is also a director at several Hong Kong listed companies including fixed line phone carrier
Legal issues
Dow Jones
On 1 May 2007,
The SEC later filed an amended complaint ("The First Amended Complaint") identifying the source of the information as David Li, who had obtained the information by being a board member of Dow Jones. The SEC alleged that Li had informed his close friend and business associate Michael Leung, who in turn told his daughter and son-in-law. The amended complaint added David Li and Michael Leung as co-defendants and details how Leung traded through the account of his daughter and son-in-law with their assistance.[8][10]
At the end of January 2008, a settlement was reached where Li was ordered to pay an $8.1 million civil penalty, Leung to pay $8.1 million in disgorgement and an $8.1 million penalty; K. K. Wong would pay $40,000 in disgorgement plus prejudgment interest and a $40,000 civil penalty.[8] Li would neither admit nor deny any wrongdoing.[10]
Li's integrity is being questioned by Legislators, and corporate gadfly
Donald Tsang Yam-kuen
In January 2017, prosecutors claimed that, in July 2010, Li had assisted the then Chief Executive of the Hong Kong Special Administrative Region Donald Tsang Yam-kuen (through Tsang's wife) in the latter's attempt to cover up an alleged corrupt deal to secure a super-luxury apartment in Shenzhen, by drawing a HK$350,000 cash cheque and passing the money to Tsang's wife.[15]
Awards and recognition
Li was appointed an
In the 2005
See also
References
- ^ "Official Website Global China Business Meeting 2009". Archived from the original on 28 December 2009. Retrieved 1 June 2010.
- ^ Keith Bradsher, "Dow Jones insider trading case goes global", International Herald Tribune, 9 May 2007
- ISBN 0195909046.
- ^ Imperial College London: Asia Convocation 2007, programme, p.9
- ^ Businessweek article on David Li Kwok-po[dead link]
- ^ "Corporate Information - extracted from Annual Report 2000" (PDF). Bank of East Asia. Archived from the original (PDF) on 1 March 2019. Retrieved 1 March 2019.
- ^ a b Nipa Piboontanasawat, "Hong Kong Banker David Li Quits City's Cabinet After SEC Payout", Bloomberg, 17 February 2008
- ^ a b c The News Corp-Dow Jones Insider Trading Case: A Significant Settlement, SEC Actions, 6 February 2008
- ^ Eric Dash and Andrew Ross Sorkin, "Inquiry expected into possible Dow Jones insider trading", International Herald Tribune, 8 May 2007
- ^ a b Benjamin Scent, "Li 'to pay $62m' to settle insider case" Archived 28 June 2011 at the Wayback Machine, The Standard, 29 January 2008
- ^ Mary Ma, "Attack on Li way off the mark" Archived 28 June 2011 at the Wayback Machine, The Standard, 12 February 2008
- ^ Bonnie Chen, "Li pressure mounts" Archived 28 June 2011 at the Wayback Machine, The Standard, 15 February 2008
- ^ Staff reporter, "Li should not seek reelection, says Tien" Archived 28 June 2011 at the Wayback Machine, The Standard, 19 February 2008
- ^ Bonnie Chen, "Friends and foes hail Li's `brave' Legco decision" Archived 28 June 2011 at the Wayback Machine, The Standard, 18 February 2008
- ^ "Prosecutor says Donald Tsang signed penthouse lease as smokescreen". The Standard. 12 January 2017. Retrieved 15 January 2017.
- ^ "No. 52382". The London Gazette (Supplement). 28 December 1990. pp. 16–17.
- ^ "No. 57665". The London Gazette (Supplement). 11 June 2005. p. 2. Li is still entitled to use "Sir" before his name although he abandoned his British nationality a few months after being knighted.
- ^ "LegCo Members' Biographies" Archived 28 December 2010 at the Wayback Machine