Zhu Min (; born 1952) is a Chinese economist and is deputy managing director of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

. He was the inaugural special advisor to the

managing director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

. Zhu has held senior positions at the

Bank of China The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, repl ...

from 2003 to 2009 and was a deputy 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 ...

from 2009 to 2010. He has published extensively on a wide range of

macroeconomic Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

management, financial regulation and supervision, and

financial market A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial market ...

issues. He is a guest lecturer at several university

graduate school Postgraduate or graduate education refers to academic or professional degrees, certificates, diplomas, or other qualifications pursued by post-secondary students who have earned an undergraduate ( bachelor's) degree. The organization and stru ...

s, and a frequent speaker at major global economic forums.

Education

Zhu Min was born in Shanghai, China, in 1952. He graduated from

Fudan University Fudan University () is a national public research university in Shanghai, China. Fudan is a member of the C9 League, Project 985, Project 211, and the Double First Class University identified by the Ministry of Education of China. It is als ...

with a

bachelor's degree A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six ...

in economics in 1982, and gained a master's degree in M.P.A. from the

Woodrow Wilson School of Public and International Affairs The Princeton School of Public and International Affairs (formerly the Woodrow Wilson School of Public and International Affairs) is a professional public policy school at Princeton University. The school provides an array of comprehensive course ...

Princeton University Princeton University is a private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the ...

and a Ph.D. in economics and an M.A. in economics from

Johns Hopkins University Johns Hopkins University (Johns Hopkins, Hopkins, or JHU) is a private research university in Baltimore, Maryland. Founded in 1876, Johns Hopkins is the oldest research university in the United States and in the western hemisphere. It consi ...

Career

Zhu worked at 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 ...

as an economist for six years from 1990 to 1996, and taught economics at both

and

. From 1995 to 1996, he worked as a chief technical advisor for China's Agenda 21 at the

United Nations Development Program The United Nations Development Programme (UNDP)french: Programme des Nations unies pour le développement, PNUD is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human dev ...

. Zhu then held various positions at the

starting in 1996, eventually rising to become group executive vice president, responsible for finance and treasury, risk management,

internal control Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad ...

, legal and compliance, and strategy and research. In 2009, he became a deputy governor of the

and was responsible for international affairs, policy research, and credit information. Additionally, Zhu serves as vice chairman to the China Institute for Innovation and Development Strategy.

International Monetary Fund

On February 24, 2010, Zhu was appointed as special advisor to managing director of the

(IMF)

Dominique Strauss-Kahn Dominique Gaston André Strauss-Kahn (; born 25 April 1949), also known as DSK, is a French economist and politician who served as the tenth managing director of the International Monetary Fund (IMF), and was a member of the French Socialist P ...

, in a move to strengthen the IMF's understanding of Asia and the

emerging economies An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were ...

and to promote

sustainable growth Sustainable development is an organizing principle for meeting human development goals while also sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. The desi ...

and financial stability. Zhu assumed his position on May 3, 2010. On July 26, 2011, Zhu assumed the position of deputy managing director of the

. Zhu thus become the third Chinese to take on a senior position in a top

international financial institution An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, al ...

after Shengman Zhang, former managing director of

The World Bank The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development G ...

and

Justin Yifu Lin Justin Yifu Lin (; born on October 15, 1952) is a Chinese economist and professor of economics at Peking University. He served as the Chief Economist and Senior Vice President of the World Bank from 2008 to 2012. He has been appointed as China S ...

, former vice president and

chief economist Chief economist is a single-position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of respons ...

. After the

global financial crisis Global means of or referring to a globe and may also refer to: Entertainment * ''Global'' (Paul van Dyk album), 2003 * ''Global'' (Bunji Garlin album), 2007 * ''Global'' (Humanoid album), 1989 * ''Global'' (Todd Rundgren album), 2015 * Bruno ...

, China has been expected to play a more important role in the international community and the IMF also stated that the organization called on giving more votes to China. Zhu left his position as deputy managing director at the IMF in July 2016, at the conclusion of his five-year term. He is 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).

Career timeline

*2011–2016: Deputy managing director,

*2010–2011: Special advisor to the managing director,

*2009–2010: Deputy governor,

*2003–2009: Executive assistant president, Bank of China (Hong Kong) Limited *2002–2003: General manager, Bank of China (Hong Kong) Limited, Restructuring and Listing Office *2001–2002: General manager, Bank of China (Hong Kong) Limited *1998–2002: General manager,

Institute of International Finance An institute is an organisational body created for a certain purpose. They are often research organisations (research institutes) created to do research on specific topics, or can also be a professional body. In some countries, institutes can ...

*1998–2002: Head,

Bank of China (Hong Kong) Limited Bank of China (Hong Kong) Limited () also known as its short name Bank of China (Hong Kong) or BOCHK (), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong K ...

, Project Office; graduate, Johns Hopkins University US, Maryland, Baltimore (received doctorate) *1990–1996: Consultant, The

; Graduate,

USA, New Jersey, Princeton (received master's degree) *1982: Graduate,

, Shanghai Municipality

References

Zhu Min
* 2714 China Vitae : Biography of Zhu Minbr>IMF chief names Chinese banker as his special advisor
{{DEFAULTSORT:Zhu, Min 1952 births Living people Writers from Shanghai People's Republic of China economists International Monetary Fund people Fudan University alumni Princeton School of Public and International Affairs alumni HuffPost writers and columnists People's Republic of China writers Chinese non-fiction writers Institute for New Economic Thinking Chinese officials of the United Nations Peterson Institute for International Economics Economists from Shanghai