Yi Gang
Yi Gang | |
|---|---|
| Born | March 5, 1958 Beijing, China |
| Occupation(s) | Economist, central banker |
| Years active | 1997–2023 (People's Bank of China) |
| Known for | Governor of the People's Bank of China (2018–2023) |
Yi Gang () (born 5 March 1958) is a prominent Chinese economist who held the position of governor of the People's Bank of China between 2018 and 2023. Prior to that, he was vice governor from 2007 until 2018, served as director of the State Administration of Foreign Exchange from 2009 to 2015, and acted as assistant governor from 2004 to 2007.
Biography
Originally from Beijing, Yi completed his studies at Beijing University and Hamline University, before obtaining a Ph.D. in Economics at the University of Illinois Urbana–Champaign, with a concentration on statistical model selection techniques. He worked as an Associate Professor at Indiana University–Purdue University Indianapolis before joining the faculty of Peking University as a professor and deputy director of its Center for Economics Research. Yi began his tenure at the People's Bank of China in 1997, where he occupied several key roles including Deputy Secretary-General and Secretary-General of the Monetary Policy Committee, Director-General of the Monetary Policy Department, Assistant Governor, and President of the Operations Office. He was promoted to Deputy Governor in December 2007 and concurrently served as Director of SAFE from 2009 until January 2016.
In recognition of his achievements, Indiana University conferred upon him an honorary doctorate in April 2012. Yi has contributed more than forty articles in Chinese and twenty in English to academic journals such as the Journal of Econometrics and China Economic Review. He is also the author of ten books and has provided consultancy services while serving on editorial boards for multiple economics publications.
During the IMF and World Bank meetings in October 2016, Yi represented China amid discussions surrounding the yuan’s inclusion in the IMF’s special drawing rights basket, addressing international concerns related to Chinese debt levels, steel industry output, and real estate markets. In October 2017, he was elected as an alternate member of the 19th Central Committee of the Chinese Communist Party.
Yi held the governorship of the People's Bank of China from March 2018 through July 2023 and was appointed Vice Chair of the Financial Stability and Development Committee in July 2018. Additionally, he serves as an advisor to the China Finance 40 Forum (CF40).
External links
- Harrison, David, "China Wants to Make Currency Policy ‘More Market-Oriented,’ PBOC’s Yi Says" (subscription possibly required), Wall Street Journal, October 7, 2015.
- Pages with script errors
- Articles with short description
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- 1958 births
- Living people
- Indiana University–Purdue University Indianapolis faculty
- Academic staff of Peking University
- University of Illinois alumni
- Hamline University alumni
- People's Republic of China politicians from Beijing
- 20th-century Chinese economists
- Businesspeople from Beijing
- Governors of the People's Bank of China
- Economists from Beijing
- Educators from Beijing
- Chinese Communist Party politicians from Beijing
- Alternates of the 19th Central Committee of the Chinese Communist Party
- Members of the 14th Chinese People's Political Consultative Conference