Yi Gang () (born 5 March 1958) is the Governor of the

People's Bank of China The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by ...

since 2018. He is also the former Director of the State Administration of Foreign Exchange.

Biography

Yi Gang was born in Beijing, March 5, 1958. He studied at

Beijing University Peking University (PKU; ) is a public research university in Beijing, China. The university is funded by the Ministry of Education. Peking University was established as the Imperial University of Peking in 1898 when it received its royal chart ...

Hamline University Hamline University is a private liberal arts college in Saint Paul, Minnesota. Founded in 1854, Hamline is known for its emphasis on experiential learning, service, and social justice. The university is named after Bishop Leonidas Lent Hamline ...

Saint Paul, Minnesota Saint Paul (abbreviated St. Paul) is the capital of the U.S. state of Minnesota and the county seat of Ramsey County. Situated on high bluffs overlooking a bend in the Mississippi River, Saint Paul is a regional business hub and the center ...

and obtained his Ph.D in Economics from the

University of Illinois The University of Illinois Urbana-Champaign (U of I, Illinois, University of Illinois, or UIUC) is a public land-grant research university in Illinois in the twin cities of Champaign and Urbana. It is the flagship institution of the Univer ...

, with a dissertation on statistical model selection methods. He became an Associate Professor with tenure at

Indiana University – Purdue University Indianapolis Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th st ...

(IUPUI) and then joined the faculty of Peking University as professor, deputy director of the Center for Economics Research, and Ph.D advisor in Economics. He went to the

in 1997 and then successively served as Deputy Secretary-General and Secretary-General of the Monetary Policy Committee, Deputy Director-General and Director-General of the Monetary Policy Department, and Assistant Governor, as well as President of the Operations Office from September 2006 to October 2007. In December 2007, he was appointed Deputy Governor of the People's Bank of China. From 2009, he served as Director of the State Administration of Foreign Exchange (SAFE) until January 12, 2016. On April 18, 2012 Indiana University President Michael A. McRobbie conferred an honorary doctorate of humane letters upon Yi Gang, who served as assistant professor and associate professor of economics at IUPUI from 1986 to 1994. Yi has published more than 40 articles in Chinese and 20 academic papers in English that have appeared in economics journals such as the Journal of Econometrics, the China Economic Review, and Comparative Economic Studies. Yi is the author of ten books, and he served as a consultant for the Scandinavian Journal of Statistics, the Journal of Econometrics, China Economic Review, Comparative Economic Studies, Economic Theory, Contemporary Policy Issues, and the

Journal of Asian Economics The ''Journal of Asian Economics'' is a bimonthly peer-reviewed academic journal focused on the economy of Asia. It was established in 1990 by the American Committee on Asian Economic Studies, and was published on the Committee's behalf by Elsevi ...

. He also serves on the editorial board of the China Economic Review and the Journal of Asian Economics. In October, 2016, Yi helped represent China at the semi-annual meetings of the IMF and the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

in Washington, D.C., including on a panel with Bank of England

governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...

Mark Carney Mark Joseph Carney (born March 16, 1965) is a Canadian economist and banker who served as the governor of the Bank of Canada from 2008 to 2013 and the governor of the Bank of England from 2013 to 2020. Since October 2020, he is vice chairman an ...

. The meetings came as the yuan was for the first time being included in the IMF’s international basket of currencies known as

special drawing rights Special drawing rights (SDRs, code ) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). SDRs are units of account for the IMF, and not a currency ''per se''. They represent a claim ...

. Questions about Chinese debt levels, steel production and housing production were among those addressed in the meetings. In March 2018, Yi was appointed as the Governor of the

. In July 2018, he was named Vice Chair of the Financial Stability and Development Committee. He is also an adviser to the

China Finance 40 Forum The China Finance 40 Forum or CF40 is a Chinese think tank created in 2008 which specializes on issues of economic and financial policy. In January 2021, the University of Pennsylvania's Think Tanks and Civil Societies Program ranked CF40 as #8 to ...

(CF40).

References

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. {{DEFAULTSORT:Yi, Gang 1958 births Living people Indiana University–Purdue University Indianapolis faculty Peking University faculty University of Illinois alumni Hamline University alumni People's Republic of China politicians from Beijing People's Republic of China economists Businesspeople from Beijing Governors of the People's Bank of China Economists from Beijing Educators from Beijing