Chen Yuan (, born in January 1945) is a Chinese

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

who is the current chairman of the

China Association for International Friendly Contact The China Association for International Friendly Contact (CAIFC) is a united front organization subordinate to the Liaison Bureau of the Political Work Department of the Central Military Commission. CAIFC was founded in 1984 and is active in ove ...

(CAIFC). He was previously the chairman of the

China Development Bank China Development Bank (CDB) is a policy bank of China under the State Council. Established in 1994, it has been described as the engine that powers the national government's economic development policies.

from March 1998 to April 2013. Chen Yuan then served as Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference from 2013 to 2018. He is the eldest son of former Vice Premier

Chen Yun Chen Yun (13 June 1905 – 10 April 1995) was a statesman of the Chinese Communist Party and the People's Republic of China. He was one of the most prominent leaders during the periods when China was governed by Mao Zedong and later by Deng Xia ...

Biography

Chen Yuan graduated with a master's degree in Industrial Economics from the

Graduate School of Chinese Academy of Social Sciences The Graduate School of Chinese Academy of Social Sciences () was a public graduate school headquartered in Beijing, China. It was affiliated with the Chinese Academy of Social Sciences. The school was reconstructed to form the University of Chine ...

, where he studied under the supervision of economists

Yu Guangyuan Yu Guangyuan (; born as 郁鐘正; pinyin: Yù Zhōngzhèng; 5 July 1915 – 23 September 2013) was a Chinese economist, philosopher, and a senior official of the People's Republic of China. Yu was recognized as one of the first proponents of the ...

and Ma Hong. He was appointed secretary of the

Xicheng District Xicheng () is a district of the city of Beijing. Its cover the western half of the old city (largely inside the 2nd Ring Road; the eastern half is Dongcheng District, Beijing, Dongcheng District), and has 1,106,214 inhabitants (2020 Census). It ...

Committee of the

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

Municipal Committee of the

Chinese Communist Party The Communist Party of China (CPC), also translated into English as Chinese Communist Party (CCP), is the founding and One-party state, sole ruling party of the People's Republic of China (PRC). Founded in 1921, the CCP emerged victorious in the ...

(CCP) and director-general of the Beijing Municipal Commerce and Trade Department in August 1982. He assumed the post of deputy secretary of the leading party members' group and vice governor of the

People's Bank of China The People's Bank of China (officially PBC and unofficially PBOC) is the central bank of the People's Republic of China. It is responsible for carrying out monetary policy as determined by the ''PRC People's Bank Law'' and the ''PRC Commercia ...

in March 1988. Chen was appointed

's governor in April 1998. Chen implemented reforms designed to increase CDB's autonomy by reducing state involvement in CDB's fundraising and lending. Following the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

, Chen was among the Chinese policymakers who favored China shifting from its traditionally passive management of its foreign exchange reserves to a more active approach. Chen's view was that China should hedge against increasing commodity prices and the falling US dollar by using its foreign exchange reserves to buy energy and mineral assets. He has been the Chairman of 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) from its founding in 2008. Chen left his position as CDB governor in 2013. CDB's institutional power declined after Chen left. In 2013, Chen became a vice chair of the National Committee of the

Chinese People's Political Consultative Conference The Chinese People's Political Consultative Conference (CPPCC) is a political advisory body in the People's Republic of China and a central part of the Chinese Communist Party (CCP)'s United front (China), united front system. Its members adv ...

References

External links

Chen Yuan
a
chinavitae.com
{{DEFAULTSORT:Chen, Yuan 20th-century Chinese economists Living people Family of Chen Yun People's Republic of China politicians from Shanghai Chinese Communist Party politicians from Shanghai Members of the Preparatory Committee for the Hong Kong Special Administrative Region Beijing No. 4 High School alumni China Development Bank people 1945 births Economists from Shanghai Vice chairpersons of the National Committee of the Chinese People's Political Consultative Conference Alternates of the 16th Central Committee of the Chinese Communist Party Alternates of the 17th Central Committee of the Chinese Communist Party