Chen Yuan
Encyclopedia
Chen Yuan born in January 1945, is Governor of the China Development Bank
.
Chen Yuan graduated with a Master' s degree in Industrial Economics from the Graduate School of Chinese Academy of Social Sciences. He was appointed secretary of the Xicheng District
Committee of the Beijing
Municipal Committee of the Communist Party (CPC) 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 in March 1988. Mr. Chen's leadership at the People's Bank of China was noteworthy. It was a time when China was just opening up trading with the West. Prior to 1988 when Mr. Chen joined PBOC, there were almost no international reserves. However, by 1992, as trade increased, the foreign reserves also started to grow as a result of the international trade to over US$10 billion. Thus, Mr. Chen was charged with helping to turn the People's Bank of China into a modern central bank. As one of the key things he did, he brought in outside advisors such as William Lawton
, a noted fixed income and currency expert who was a Senior Vice President in charge of global fixed income at Trust Company of the West, a well known international asset management company headquartered in Los Angeles. Mr. Chen oversaw the implementation under Mr. Lawton's supervision of risk guidelines for the Bank, utilization of research models such as the Lawton Bond Model, and upgrading of the computer and trading systems. It was under Mr. Chen's leadership and foresight that PBOC was put on a firm footing to become the world's largest central bank in a little over a decade.
Chen Yuan has been governor of China Development Bank(CDB) and CPC party committee secretary of CDB since March 1998.
His father was Chen Yun
, who was one of the so-called Eight Immortals of Communist Party of China
.
China Development Bank
The China Development Bank is a financial institution in the People's Republic of China under the direct jurisdiction of the State Council. It is the only bank in China whose governor is a full minister...
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Chen Yuan graduated with a Master' s degree in Industrial Economics from the Graduate School of Chinese Academy of Social Sciences. He was appointed secretary of the Xicheng District
Xicheng District
Xicheng District is a district in Beijing, China. Xicheng District spans 32 square kilometres, making it the largest portion of the old city , and has 706,691 inhabitants . Its postal code is 100032. Xicheng is subdivided into 15 subdistricts of the city proper of Beijing...
Committee of the Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
Municipal Committee of the Communist Party (CPC) 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 in March 1988. Mr. Chen's leadership at the People's Bank of China was noteworthy. It was a time when China was just opening up trading with the West. Prior to 1988 when Mr. Chen joined PBOC, there were almost no international reserves. However, by 1992, as trade increased, the foreign reserves also started to grow as a result of the international trade to over US$10 billion. Thus, Mr. Chen was charged with helping to turn the People's Bank of China into a modern central bank. As one of the key things he did, he brought in outside advisors such as William Lawton
William Lawton
William Lawton is Chairman of , an international merchant bank focused on sustainable community development through investments and trade in China, Southeast Asia and elsewhere. He is an expert in Asian investments and spoken on the topic at venues such as the Milken Conference. He worked closely...
, a noted fixed income and currency expert who was a Senior Vice President in charge of global fixed income at Trust Company of the West, a well known international asset management company headquartered in Los Angeles. Mr. Chen oversaw the implementation under Mr. Lawton's supervision of risk guidelines for the Bank, utilization of research models such as the Lawton Bond Model, and upgrading of the computer and trading systems. It was under Mr. Chen's leadership and foresight that PBOC was put on a firm footing to become the world's largest central bank in a little over a decade.
Chen Yuan has been governor of China Development Bank(CDB) and CPC party committee secretary of CDB since March 1998.
His father was Chen Yun
Chen Yun
Chen Yun was one of the most influential leaders of the People's Republic of China during the 1980s and 90s, and one of the top leaders of the Communist Party of China for almost its entire history. He was also known as Liao Chengyun ; it's unclear whether this was his original name or a pseudonym...
, who was one of the so-called Eight Immortals of Communist Party of China
Eight Immortals of Communist Party of China
The Eight Great Eminent Officials , abbreviated as the Eight Elders were a group of elderly members of the Communist Party of China who held substantial power during the 1980s and 1990s...
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