Chen Yuan
Chen Yuan | |
|---|---|
| Born | Template:Birth year and age China |
| Occupation(s) | Economist, Banker, Politician |
| Years active | 1982–present |
| Known for | Chairman of China Development Bank (1998–2013), Vice Chairman of CPPCC (2013–2018), Chairman of CAIFC, Chairman of China Finance 40 Forum |
Chen Yuan (, born January 1945) is a prominent Chinese economist currently serving as chairman of the China Association for International Friendly Contact (CAIFC). He held the position of chairman at the China Development Bank (CDB) from March 1998 until April 2013 and was Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) between 2013 and 2018. He is the eldest son of former Vice Premier Chen Yun.
Biography
Chen Yuan obtained a master's degree in Industrial Economics from the Graduate School of Chinese Academy of Social Sciences, where he studied under economists Yu Guangyuan and Ma Hong. In August 1982, he was appointed secretary of the Xicheng District Committee within the Beijing Municipal Committee of the Chinese Communist Party (CCP) as well as director-general of Beijing's Municipal Commerce and Trade Department. By March 1988, he advanced to become deputy secretary of the leading party members' group and vice governor at the People's Bank of China.
In April 1998, Chen assumed the role of governor at CDB, where he spearheaded reforms aimed at enhancing the bank’s independence by diminishing state control over fundraising and lending activities. Following the 2008 financial crisis, he promoted a strategy for more proactive management of China’s foreign exchange reserves, encouraging investments in energy and mineral resources to mitigate risks associated with commodity price fluctuations and a depreciating US dollar.
Since its inception in 2008, Chen has served as chairman of the China Finance 40 Forum (CF40). He relinquished his role as CDB governor in 2013, after which the bank experienced a reduction in its institutional prominence. That same year, he was named vice chair of the National Committee of the CPPCC.