While working on Wall Street, he served as a trader at REFCO, the world’s largest futures house, with a monthly trading volume of US$2 billion. The Chinese autobiography "I Multiplied 10,000 U.S. Dollars from 400 U.S. Dollars" summarizes part of his trading experience. Li Tongyi is a Royal Marshall Scholarship scholar at the University of Hull in the UK and received a PhD in Economics from the City University of New York. He is a member of the Association of Chartered Certified Accountants, the New York Institute of Financial Management and the New York Insurance Association.