Jason Yat-Sen Li

Jason Yat-Sen Li (Chinese: 李逸仙;^[1] born 1972) is an Australian businessman and politician. He is a member of the Australian Labor Party (ALP) and was elected to the New South Wales Legislative Assembly at the 2022 Strathfield state by-election.

Li was a republican delegate to the 1998 Australian Constitutional Convention. He was one of the founders of the Unity Party and stood unsuccessfully as the party's lead Senate candidate at the 1998 federal election. He later joined the ALP and was an endorsed candidate at the 2013 and 2019 federal elections, prior to his election to state parliament in 2022.

Early life[]

Li was born in 1972.^[2] He is the son of George and Pansy Li, Hong Kongers who first met while living in the same apartment block in Wan Chai. His mother immigrated to New Zealand in 1958 and his father moved to Australia in 1960. They subsequently reunited and married in 1969, settling in Sydney in the suburb of Bexley.^[3]

Li attended Sydney Grammar School as his father's business soon made the family independently wealthy while living at Maroubra Beach.^[4] He studied Arts-Law at the University of Sydney and after graduating with his law degree, moved to New York. In New York he completed a Masters of Law from New York University, highlighted by being recognised as Australia's Hauser Global Scholar.^[5]

Business career[]

Li began his working career as a solicitor for Corrs Chambers Westgarth, working for the law firm until 1999. During this time, Li also briefly worked at the United Nations, for the International Criminal Tribunal for the Former Yugoslavia at the Hague, Netherlands,^[6] working as an associate to H.E. Judge Lal Vohrah. During his time in New York in 2000, he was an Associate in the Corporate Division of Davis Polk & Wardwell.^[2]

Upon returning to Sydney, he founded Professional Search Pty Ltd, working as executive director of the legal and accounting digital services platform. He sold this business in 2002.^[7]

Li then continued his professional career at Insurance Australia Group (IAG).^[8] From 2002 to 2004 he worked as the Head of Sustainability, with the responsibility of leading IAG's sustainability program for which IAG was named Sustainable Company of the Year in 2003. He was then promoted to Head of China Strategy from 2004 to 2005, working on IAG's acquisition of the China Automobile Association as well as strategic investment in China Pacific Insurance Co. In 2005, Li was appointed General Manager, Sales & Marketing for the newly acquired IAG subsidiary China Automobile Association in Beijing.^[9]

In 2007, Li founded Yatsen Associates, a boutique cross-border corporate finance advisory firm, specialising in complex cross-border mergers and acquisitions and capital raising mandates.^[10] Many of Yatsen Associates' clientele have interests in oil, natural gas, clean energy, coal, and agricultural businesses in China and Central Asia.^[11]

From 2013, he has been the Executive Chairman of Vantage Asia Holdings.^[12] Vantage Asia Holdings manages a broad portfolio of investments both in Asia and Australia, including resources and technology firms, retail hospitality, student accommodation and vitamins/supplements firms.^[13] In 2022 it has been reported that the company has a one-page website that lists a non-functioning phone number.^[14]

Boards[]

Li has been heavily involved at his alma mater the University of Sydney as a Fellow of the University of Sydney Senate.^[15] He has served on the Strategy and Risk Committee, the People and Culture Committee, and is currently Chair of the Risk and Audit Committee. Since 2021, Jason is a Pro-Chancellor of the University.

Previously Li had served as a non-executive director for nine years at the George Institute for Global Health, the region's leading medical research institute focused on non-communicable diseases. He has also served as a Director of the Sydney Institute and is a previous Youth Chair of the NSW Ethnic Communities Council.^[16] Li has also been a non-executive director of the National Centre for Volunteering and a former Governing Member of the Smith Family charity.^[17]

From 2007 to 2013, he served on the board of the China-Australia Chamber of Commerce,^[18] Beijing including a stint as vice-chair from 2009 to 2011. He has also previously served on the board of the Asia Australia Institute. Li is an advisory board member of think-tank China Matters^[19] and is the current President of the Chinese Australian Forum^[20] since 2019. Li is also currently on the board of AsiaLink^[21] and the advisory board of HaymarketHQ.^[22]

Li is a member of the World Economic Forum, serving as a Young Global Leader as well as on the Forum's Global Agenda Council on China.^[23]

In 2017, Li became chair of Refugee Talent, a software company that uses technology to assist refugees and migrants in Australia to secure meaningful employment.^[24]

Politics[]

Early activities[]

Li was elected to the 1998 Australian Constitutional Convention as a republican delegate from New South Wales, running as a candidate for "A Multi-Cultural Voice".^[25] He came to notice as "a young, eloquent advocate for an Australian republic",^[3] describing the monarchy as an "elitist, sectarian, sexist institution, completely out of touch with modern Australia".^[26] He appeared in the national media to advocate a "Yes" vote at the 1999 Australian republic referendum, despite the opposition of some republicans to the final model chosen.^[27] During the campaign, he publicly apologised after criticising model Jodhi Meares for declining to wear a republican T-shirt with a risqué slogan, stating that "she had the chance to be the tits of the nation, but she's missed out now".^[26]

Following the rise of anti-immigration politician Pauline Hanson and her One Nation party, in 1998 Li help to establish the multiculturalist Unity Party, along with Peter Wong, Mary Kalantzis, and Bill Cope.^[28] He was the party's lead Senate candidate in New South Wales at the 1998 federal election, but failed to win election.^[26]

ALP candidacies[]

Li was asked by Prime Minister Kevin Rudd to run as the Labor candidate for the seat of Bennelong at the 2013 federal election even though he did not live in the electorate.^[29] His selection came late in the campaign, following the withdrawal of original ALP candidate Jeff Silvestro-Martin due to an ICAC anti-corruption investigation.^[30] Li was defeated by the incumbent Liberal MP John Alexander. Li’s wife Lucy is a close friend of Rudd’s daughter Jessica.^[31] Li was given the seat of Bennelong by NSW Labor Head Office in absence of an ALP rank and file vote which allows local Labor branch members to democratically vote for their candidate. Li subsequently failed in his attempt to win the ALP pre-selection rank and file vote for the Federal seat of Banks in 2018 towards the lead up to the 2019 Federal election.^[32]

Li was placed third on the ALP's Senate ticket in New South Wales for the 2019 federal election, behind Tony Sheldon and Tim Ayres. During the campaign he called for diversity targets to be introduced for federal parliament and criticised media narratives around dual loyalty of Chinese-Australians. Li has also commented in 2019 that Australia should consider investing in China's Belt and Road Initiative.^[33]

State MP[]

In 2021, Li was again endorsed as the third candidate on the ALP's Senate ticket for the next federal election.^[34] However, in 2022 he was instead endorsed by NSW Labor as the party's candidate for the 2022 Strathfield state by-election, following the resignation of former party leader Jodi McKay. There was no rank and file vote by the local ALP members in the branches for the electorate.^[35]

Li retained Strathfield for the ALP at the by-election.^[36]

Personal life[]

Li has three children with his wife Lucy. He speaks Mandarin and Cantonese in addition to English.^[3] Li and his family moved to China in 2005, and lived there for 8 years until 2013.^[37]

References[]