Li Yong, male, Han nationality, is a native of Jining, Shandong province. He joined the CPC in 1973, and graduated from the Research Institute for Fiscal Science of the Ministry of Finance with a master's degree in economics. He served as first and second secretary to the United Nations Mission from China, and served as director-general of the World Bank Department of the Ministry of Finance until 1996. He was promoted to vice-minister in 2003.
| 2003— | Vice-Minister, Ministry of Finance | |
| 2000— | Member, Ministry of Finance CPC, Leading Party Group | |
| 2000—2003 | Assistant Minister, Ministry of Finance | |
| 1999—2002 | Secretary-General, Chinese Institute of Certified Public Accountants | |
| 1996—1998 | Executive Director, The World Bank, China Department | |
| 1992—1996 | Director-General, Ministry of Finance, World Bank Department | |
| 1992—1996 | Deputy Director-General, Ministry of Finance, World Bank Department | |
| 1990—1992 | Advisor, The World Bank, China Department | |
| 1989—1990 | Director, Ministry of Finance, World Bank Department | |
| 1985—1988 | 2nd Secretary, Permanent Mission of the PRC to the United Nations | |
| 1985—1988 | 1st Secretary, Permanent Mission of the PRC to the United Nations | |
| 1984—1985 | Deputy Director, Ministry of Finance, Research Institute for Fiscal Science, Foreign Fiscal Research Office | |
| 1973 | Joined, CPC | |
| 1973 | Graduate, Ministry of Finance, Research Institute for Fiscal Science |