Professor Li Yining, whose ancestral home is Yizhen, Jiangsu Province, was born in Nanjing in November, 1930. In 1955, He graduated from Department of Economics of Peking University. He worked for Peking University after graducation. Currently, he serves as Director of social science division, Peking University; honorary President of Guanghua School of Management, Peking University;11th Chinese People's Political Consultative Conference standing committee as well as deputy director of the economic commission of Chinese People's Political Consultative Conference. Li wrote many books on economic science and published massive journals. He is one of the first few Chinese scholar who initiated shareholding system reform theory. He also initiated the disequilibrium theory of China's economic development and undertook theoretical discussions on the "transformation". These fundings profundly influenced China's economic reform and development. Li also presided over the drafting of the securities law and the law on securities investment funds.