Yi Gang
19 hours agoYi Gang is a Chinese economist and central banker who currently holds the position of Governor of the People’s Bank of China (PBOC), the nation’s central bank.
Born in 1958, he took on the role of Governor in March 2018, succeeding Zhou Xiaochuan.
Yi Gang has had a distinguished career in both academia and policymaking.
He obtained his Ph.D. in Economics from the University of Illinois at Urbana-Champaign in 1986.
Prior to his tenure at the People’s Bank of China, Yi served as a professor at Indiana University-Purdue University Indianapolis and worked as an economist at the International Monetary Fund (IMF).
In 1997, Yi Gang joined the PBOC, where he held several positions, including Director-General of the Monetary Policy Department and Deputy Governor.
He also acted as the Director of the State Administration of Foreign Exchange (SAFE), overseeing China’s substantial foreign exchange reserves.
As the Governor of the PBOC, Yi Gang is tasked with executing monetary policy and ensuring financial stability in China.
He has been instrumental in the country’s initiatives to modernize its financial system, enhance transparency, and liberalize its currency, the renminbi (RMB).
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